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Jersey Mike’s Subs upcoming IPO valued at $1.09B

2 weeks ago

Jersey Mike’s Subs upcoming IPO valued at $1.09B

Submarine sandwich fast-food restaurant chain Jersey Mike’s Subs has set the price for its initial public offering (IPO) at more than US$1 billion.

Healthy Planet opening 45th store in new Toronto location

It started with a small kiosk on Danforth Avenue in Toronto in 1995 but today the health-food and supplement store Healthy Planet has grown to 45 locations in the Greater Toronto Area.

Metro to sell Première Moisson facility for $90 million

Metro has signed a deal to sell its Première Moisson Group bakery facility in Baie-D’Urfé, Que., near Montreal, to FGF Brands for $90 million. Under the deal, FGF will manufacture and distribute Première Moisson products.

Cyclospora finding false positive: FDA

The U.S. Food and Drug Administration (FDA) said on ‌Sunday that laboratory experts rechecked lettuce sample results ​in the Taylor Farms ​cyclospora investigation and concluded the finding ​should be considered ⁠a ⁠false ‌positive.

Fairlife pauses U.S. production of milk after cyber attack

Fairlife has temporarily stopped producing its milk in the U.S. after a cyber attack. A portion of Fairlife’s systems were accessed by an unauthorized third-party in a “ransomware event,” parent company Coca-Cola said.

Man. farm must pay $660K after crop insurance lawsuit

An Arborg-area farm was told to pay more than $660,000 after Manitoba’s crop insurance agency took them to civil court, arguing the operation misrepresented production figures on canola and soybean claims over two crop years.

Asparagus, strawberry farmers battle extreme weather

Manitoba farmers have been hit hard by extreme weather this year, but some asparagus and strawberry growers say they don’t have access to crop insurance as other producers. There has been little respite since the start of the season.

Fourth-generation N.S. farm moving from dairy to wine

A fourth-generation family farm in Stewiacke, N.S., will soon be a new wine destination. Horse Thief Vineyard is set to host its grand opening on July 25. Historically a dairy farm, the site has since been repurposed to produce wine.

Maxi plans store at Montreal’s former Forum

Maxi will open a grocery store of more than 13,000 square feet inside Montreal’s former Forum. Construction and fit-out work are underway at the Sainte-Catherine Street West and Atwater Avenue property. The store is scheduled to open in 2027.

Dollarama recalls garlic powder over ‘contamination’

The Canadian Food Inspection Agency published a recall issued by Dollarama for a garlic powder because of a “microbial contamination.” The Heavenly Spices brand product is being pulled off the shelves because of bacillus cereus.

Pilot project to improve access to cattle slaughter services

The Canadian Food Inspection Agency announced the launch of a pilot project to improved access to slaughter services for cattle producers in the Abitibi-Témiscamingue region. The pilot will allow Quebec producers to have cattle slaughtered at a facility in Ontario.

What purchase of Mowi could mean for Atlantic Canada

Bradley George, executive director of the Newfoundland Aquaculture Industry Association, didn’t expect the takeover, but was relieved to hear of Cooke’s commitment to maintaining employment in the industry and to rural Newfoundland and Labrador communities that benefit from the industry.

Opinion: Dairy sector built on warning to every client

A company that earns guaranteed margins because a regulation, exclusive contract or closed market keeps competitors out tends to stop doing the right things. The protection may feel like a moat. In practice, it is closer to an anaesthetic.

New research launched as honeybee health declines

The Western honeybee faces threats from diseases, parasites, and environmental stressors and its most important contribution is pollinating Canada’s food crops. The University of Manitoba is researching how microbes, parasites and environmental conditions combine to impact health of the bees.

Why grocers should care about productivity: FCC

Canadian grocers preoccupied with rising costs and price-sensitive customers may think stagnant productivity is a problem best left to the food and beverage industry. But a new report from Farm Credit Canada suggests declining productivity growth could have direct consequences.

Many find ‘no meaningful benefit’ from AI on farm: survey

The U.S. agtech community often cites AI and digital as ways to help farmers cut costs, particularly around labour and inputs. But farmers surveyed by Purdue University still express significant skepticism when it comes to implementing and using such tools.

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