Thanks to the spectator who alerted me to this latest development in the ongoing saga of Dartmouth-based Meta Materials, the “smart” materials company that earned Nova Scotia’s erstwhile venture capital fund Innovacorp a $100 million payday by going public with a valuation north of $1 billion. Meta Materials listed onRead More

On Tuesday, the US Securities Exchange Commission (SEC) filed a lawsuit in the US District Court for the Southern District of Texas against the following eight defendants: Edward Constantin aka MrZackMorris aka Edward Constantinescu Perry Matlock aka PJ Matlock Thomas Cooperman aka Tommy Coops Gary Deel aka Mystic Mac MitchellRead More

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

Since last we spoke of Dartmouth-based Meta Materials, it has become the target of both a scathing short-seller’s report and a potential class action lawsuit. Both developments were reported in the local mainstream press — by SaltWire’s Newfoundland-based Barbara Dean-Simmons and the CBC’s Paul Withers — which I note because neitherRead 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

Innovacorp, the province’s venture capital crown corporation, has won the VC lottery — it bet $3 million on a Dartmouth firm that makes “high-performance materials used in the defense and aerospace industries” and collected $104 million when that firm went public in the US (it’s Meta Materials NASDAQ:MMAT). How pleasedRead More