Bridging burning There’s a big update this week on Bridging Finance, the private debt lender that extended Membertou a $6.8 million loan in January 2020 to invest in Novaporte, promoter Albert Barbusci’s proposed Sydney harbor container terminal project (and that took what Barbusci termed a small equity stake of itsRead More

Munger Games Everywhere I look these days I see vanity projects — from billionaires propelling themselves into almost-space to local businesswomen producing 13-episode podcasts — but the story of Warren Buffet’s partner designing a dorm for the University of California at Santa Barbara (UCSB) takes the proverbial vanity cake. AccordingRead More

Tim Bousquet of the Halifax Examiner has been making the point that the $104 million Innovacorp made on its META exit could be used to fund affordable housing in Nova Scotia. He even did the math: For the record, $104 million would pay for 80 apartments at $1,000/month rent forRead More

This week, I’m going to continue my examination of Innovacorp’s “unicorn” investment, spurred, in part, by the Cape Breton Post’s take, which appeared in Monday’s print edition wrapped in a piece of puffery about Bob Pelley, Innovacorp’s regional manager in Cape Breton. The Post — like the CBC before itRead More