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Thursday, September 22, 2016 11:40:07 AM
James West: All right. So then tell me about, how was your company capitalized, and what’s sort of the lay of the land in terms of institutional versus insiders versus retail?
Doug Janzen: We funded the business, we started kind of end of Q1 of 2013, and we raised a bit over $4 million privately for the business. We did an institutional round of $4 million led by Cormark in 2014, and then last year, we raised about $3.5 million in Q4 from retail in Canada and the U.S. So I’d say right now, the business is about 40 per cent held by founders and insiders, and about 30 per cent held by institutional accounts, and 30 per cent by retail high net worth.
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