Government commits $518 million to Canada Foundation for Innovation to fund research projects
The Government of Canada has committed $518 million in research infrastructure funding through the Canada Foundation for Innovation (CFI).
Announced Wednesday, the funding is going to support 102 projects at 35 post-secondary institutions and research hospitals across the country. The government called the financing a way to help Canada keep at the “forefront of exploration, innovation and discovery.”
The CFI is a 20-year-old, independent, not-for-profit organization that invests in research facilities and equipment in Canada’s universities, colleges, research hospitals, and non-profit research institutions.
The $518 million in investments were made through the CFI’s Innovation Fund, which supports 40 percent of infrastructure costs across a spectrum of research projects, which includes technological innovation. The total investment, which is $518,101,899, also i
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
The Flowr Corporation Announces the Closing of the Strategic Acquisition of Terrace Global
The Flowr CorporationDecember 24, 2020 GMT
Highlights:
The Company has closed its strategic acquisition of Terrace Global, creating an entity with a strong balance sheet and global footprint.
The Board of Directors and shareholder base now includes former founders of MedReleaf Corp., ICC Labs Inc. and Bedrocan Canada Inc.
Simultaneously, through liability management, the Company is expected to achieve meaningful debt reduction and amendments to the Company’s senior credit facility before the end of 2020.