Page 45 - Second Cup News Today

Zenabis Global Inc. (TSX:ZENA). Health care. Up four cents, or 33.33 per cent, to 16 cents on 35.7 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 70 cents, or 1.56 per cent, to $45.61 on 31.4 million shares. NextSource Materials Inc. (TSX:NEXT). Materials. Up 13.5 cents, or 93.1 per cent, to 28 cents on 29.9 million shares. The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up half a cent, or 1.67 per cent, to 30.5 cents on 17.7 million shares. The Green Organic Dutchman Holdings (TSX:...

Selling Canadian coffee shop Second Cup Coffee Co. will give Aegis Brands Inc. a stronger balance sheet to pursue future M&A in the cannabis retail sector, the head of the company said.  Aegis said in a release on Monday that it will sell Second Cup to Quebec-based Foodtastic Inc. for $14 million, plus a post-closing earn-out. There are 231 Second Cup outlets in Canada, according to the companys most recent quarterly report, 31 of which are corporate-owned. The sale will mark the end of Second...

The Daily Chase: Stocks rise on Yellen comments; Tesla invests in Bitcoin North American equity markets appear poised to rise at the start of trading, extending the momentum that carried the S&P/TSX Composite Index, S&P 500 and the Nasdaq to closing records on Friday. Over the weekend, U.S. Treasury Secretary Janet Yellen touted the potential payoff from the Biden administration’s US$1.9-trillion spending package, saying it could help the U.S. reach full employment next year. We’ll st...

Quebec-based food franchising business Foodtastic Inc. announced a deal Monday to buy troubled coffee chain Second Cup Coffee Co. and has big plans for the brand, including opening more than 100 new . . .

Foodtastic is a Montreal-based franchiser of multiple restaurant concepts, including casual restaurant dining chain Nickels – originally created by a group including pop icon Celine Dion. “Second Cup has been a Canadian staple for almost 45 years and we’re excited to welcome them into the Foodtastic family,” Peter Mammas, president and CEO of Foodtastic, said in a statement. “We look forward to working with all our new franchisees and emerging through this pandemic with a revitalized...

"Second Cup has operations teams across Canada and we want to take our other brands out of Quebec and Ontario and into other parts of Canada, so were going to use that platform to do it," Mammas said in an interview. "It gives us more of a national footprint." Mississauga-based Aegis Brands didnt disclose Second Cups sale price but said it includes $14 million in cash, plus a post-closing earn-out. Mammas said Foodtastic is also taking over a "very, very large lease liability." Still, the fra...

Aegis Brands Inc. says it has signed a deal to sell its Second Cup Coffee Co. operations to Quebec-based Foodtastic Inc.

Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Good evening, let’s start with today’s top stories: Ontario to loosen COVID-19 restrictions in some regions on Wednesday Ontario has announced plans for a gradual easing of its COVID-19 restrictions, pledging to allow non-essential retailers in ...

“Second Cup Coffee Co. sign – Credit to https://myfriendscoffee.com/” by John Beans is licensed under CC BY 2.0. Ontario, Canada-based Aegis Brands is selling 45-year-old Canadian coffee retail giant Second Cup Coffee Co. for $14 million CAD (approximately $11 million USD) to Quebec-based restaurant franchising specialist Foodtastic. It is the latest in a long series of ownership changes for the coffee business, which was founded in 1975 and now constitutes Canada’s third largest coffee...

Though La Rocca cakes have never had a Toronto flagship location before, they havent been hard to find: you might recognize these cakes from major grocery stores and cafes like Longos, Sobeys, Loblaws, Second Cup and Timothys. They finally got a home of their own at 2638 Yonge St. on Dec. 15. The only other location for La Rocca previous to this was in Richmond Hill. "Midtown is a great location given the up-and-coming neighbourhood full of families and people who love great food. The locatio...