Reading Time: 2 minutes Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages.
Farmers Edge disputes merits of claim made by former investors
Proposed class action suite alleges investors received misleading information prior to the company's 2021 IPO
Farmers Edge to go private three years after IPO
Company’s majority holder to buy all shares at pennies on the dollar
Reading Time: < 1 minute Ag tech firm Farmers Edge has inked a deal with majority shareholder Fairfax Financial Holdings Limited to sell all common shares at 35 cents apiece, the company announced late yesterday.
Smart farm competition encourages farmers to adopt technology
Competition will serve as opportunity to create and develop smart farm networks
Reading Time: 2 minutes The Canadian Agri-Food Automation and Intelligence Network (CAAIN) is seeking applications for a competition geared toward creating or developing new smart farm networks. Funding under this initiative will support collaborative on-farm tech innovations in hopes encouraging farmers to adopt emergent agriculture technology. CAAIN receives funding from Innovation, Science and Economic Development Canada to address challenges […] Read more
Farmers Edge considering privatization
The tech firm is evaluating a pennies on the dollar share buyback from its majority holder
Reading Time: < 1 minute Fewer than three years after going public, Manitoba-based tech firm Farmers Edge is considering a privatization proposal.
A message from April Stewart, Country Guide's Associate Editor
