Fund News

GrowthWorks Managed Funds

At GrowthWorks we feel it is important to recognize the achievements of our managed fund's portfolio companies. Please pick a specific fund from the menu on the left to view the most current portfolio company news.


GrowthWorks Canadian Fund

GrowthWorks Canadian Fund enters into a Participation Agreement with Roseway Capital

5/28/2010
Toronto, Ontario, May 28, 2010 - GrowthWorks Canadian Fund Ltd. ("Canadian Fund") is pleased to announce that it has entered into a Participation Agreement with Roseway Capital L.P. ("Roseway")  whereby Roseway completed a $20 million investment in Canadian Fund.
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GrowthWorks Managed Funds Acquire Securities of Tekmira Pharmaceuticals Corporation in Connection with Merger

5/26/2009
Effective May 22, 2009 GrowthWorks Canadian Fund completed a merger transaction whereby it acquired the net assets of Canadian Medical Discoveries Fund Inc. including 3,900,000 common shares of Tekmira Pharmaceuticals Corporation.
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Canadian Medical Discoveries Fund and GrowthWorks Canadian Fund Finalize Merger

5/25/2009
Canadian Medical Discoveries Fund Inc. ("CMDF") and GrowthWorks Canadian Fund Ltd. ("Canadian Fund") are pleased to announce the successful completion of the previously announced merger of CMDF into Canadian Fund, effective May 22, 2009.
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GrowthWorks Announces Letter of Intent Concerning Acquisition of Mavrix Fund Management Inc.

5/1/2009
GrowthWorks is pleased to announce that it has entered into a Letter of Intent with Mavrix Fund Management Inc.

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Bothwell Cheese wins first place “three-peat” at prestigious British Empire Cheese Show

1/14/2009
Belleville, Ontario (Dec. 4, 2008) - Bothwell Cheese has again been awarded the first-place Trophy in the marble cheddar class at the prestigious 81st Annual British Empire Cheese Show.

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GrowthWorks Canadian Fund and Canadian Medical Discoveries Fund Enter into a Letter of Intent Regarding a Proposed Merger

11/7/2008
Toronto, Ontario, November 7, 2008 – GrowthWorks Canadian Fund Ltd.
(“Canadian Fund”) and Canadian Medical Discoveries Fund Inc. (“CMDF”)
announce that they have entered into a non-binding letter of intent regarding a
proposed merger of CMDF into Canadian Fund.

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ENSIS Growth Fund and GrowthWorks Canadian Fund Finalize Merger

10/27/2008
Winnipeg, Manitoba, October 24, 2008 – ENSIS Growth Fund Inc. (“ENSIS Fund”) and GrowthWorks Canadian Fund Ltd. (“Canadian Fund”) are pleased to announce the successful completion of the previously announced merger of ENSIS Fund into Canadian Fund.

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GrowthWorks Portfolio Companies Winners of Deloitte Technology Fast 50 Award

10/3/2008
GrowthWorks Canadian Fund is pleased to announce two of its portfolio companies were winners of the Deloitte Fast 50 Technology Award, a ranking of the 50 fastest growing Canadian technology companies based on the highest percentage of revenue growth over the last five years.

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GrowthWorks Canadian Fund invests in Room 307 Technologies Inc.

8/21/2008
Toronto, Ontario, July 9, 2008 – GrowthWorks Canadian Fund announces the sale of its investment in World Vintners Inc. (WVI), a producer and seller of high quality consumer-made wine kits, to Andrew Peller Limited, a leading producer and marketer of quality wines in Canada. Andrew Peller Limited acquired WVI for a purchase price of $9 million.


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GrowthWorks Canadian Fund Announces Sale of World Vintners Inc.

7/9/2008
Toronto, Ontario, July 9, 2008 – GrowthWorks Canadian Fund announces the sale of its investment in World Vintners Inc. (WVI), a producer and seller of high quality consumer-made wine kits, to Andrew Peller Limited, a leading producer and marketer of quality wines in Canada. Andrew Peller Limited acquired WVI for a purchase price of $9 million.


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ENSIS Growth Fund and GrowthWorks Canadian Fund Announce Merger Agreement

7/2/2008
Winnipeg, Manitoba, July 2, 2008 – ENSIS Growth Fund Inc. (“ENSIS Fund”) and GrowthWorks Canadian Fund Ltd. (“Canadian Fund”) announced today that they have signed an agreement to merge the ENSIS Fund into the Canadian Fund. The transaction remains subject to ENSIS Fund shareholder and regulatory approvals. If these and other conditions are satisfied, the transaction is expected to close prior to ENSIS Fund’s year end of October 31, 2008. ENSIS Fund shareholders will vote on the transaction at a shareholders meeting on July 24, 2008. Canadian Fund shareholders approved the Merger at the fund’s 2007 annual general meeting in December 2007.

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Med-Eng Systems Inc co-founder named 'Entrepreneur of the Year'

6/4/2008
June 4, 2008 - Vancouver, BC – GrowthWorks* is pleased to celebrate with Richard L’Abbe, co-founder and former President and CEO of Med-Eng Systems, who was recently honoured with the ‘Entrepreneur of the Year Award’ at the 15th annual awards gala of Canada’s Venture Capital & Private Equity Association (CVCA). In 2005, GrowthWorks assumed management of the original $2 million venture capital investment made in 1997.

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GrowthWorks Canadian Fund Wins Lipper Awards

4/2/2008
The Lipper Fund Awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers.

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Working Opportunity Fund

Eight Working Opportunity Fund portfolio companies on this year's Ready to Rocket list

1/29/2009
25 BC companies escape recession's gravity to make this year's Ready to Rocket list. The list includes eight WOF portfolio companies.

Source: Vancouver Sun

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CellFor Announces U.S. $10 Million Note Financing

11/3/2008
The funds are earmarked for continued expansion of production capacity and development of carbon sequestration and bio-fuels opportunities.
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GrowthWorks Portfolio Companies Winners of Deloitte Technology Fast 50 Award

10/3/2008
GrowthWorks Canadian Fund is pleased to announce two of its portfolio companies were winners of the Deloitte Fast 50 Technology Award, a ranking of the 50 fastest growing Canadian technology companies based on the highest percentage of revenue growth over the last five years.

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Working Opportunity Fund makes follow-on investment in LightHaus Logic, developer of breakthrough video analytics for intelligence applications

9/8/2008
Vancouver, BC – The Working Opportunity Fund (WOF), managed by GrowthWorks Capital Ltd., a leading Canadian retail venture capital fund, announces its follow-on investment in Vancouver-based LightHaus Logic, developer of video analytics for business intelligence and security applications that offer a new generation of performance.

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GrowthWorks Atlantic Venture Fund

Venture Firm Teams Up with Memorial University’s Atlantic Canada Venture Gateway

4/22/2010
GrowthWorks Atlanitc Ltd. announced today that it has entered into an agreement with the Atlantic Canada Venture Gateway of Memorial University of Newfoundland to assist in identifying companies that may be seeking venture capital investment.

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New Brunswick Adopts Amendments to its Labour Sponsored Venture Capital Program

6/23/2009
GrowthWorks is pleased to report that previously announced enhancements to New Brunswick's Labour Sponsored Venture Capital Corporation program have been passed.

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Newfoundland and Labrador Adopts Amendments to its Labour Sponsored Venture Capital Program

6/3/2009

GrowthWorks is pleased to report that previously announced enhancements to Newfoundland and Labrador’s Labour Sponsored Venture Capital Corporation program have been passed.


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NB Government Announces Enhancements to Retail Venture Capital Program

3/18/2009
New Brunswick government's 2009-2010 budget speech proposes amendments to legislation which will make it more attractive for individuals to invest in retail venture capital funds like GrowthWorks Atlantic Venture Fund.

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GrowthWorks Commercialization Fund

More stories coming soon

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