Ottawa-based company confirms it is subleasing 100,000 square feet of space previously occupied by the e-commerce software giant in Performance Court.
Long-serving C-suite leaders are expected to end their lengthy tenures with the Ottawa-based e-commerce company in June.
Mitel founder Terry Matthews and Claridge Homes CEO Bill Malhotra are also members of the billionaires’ club.
Ottawa firm has pledged to invest a minimum of $5 million a year to combat climate change through its sustainability fund.
Backbone Angels will focus on assisting Black and Indigenous founders as well as other business leaders of colour.
Ottawa e-commerce giant says it will use the cash influx to beef up its balance sheet and provide “flexibility to fund its growth strategies.”
Ottawa-based e-commerce firm's revenue totalled US$977.7 million, up from US$505.2 million in the last quarter of 2019.
Company will use the fresh equity to fuel its continued expansion as it builds out its subscription-based platform that backs up customers’ sales and financial data in the cloud.
Ottawa-based e-commerce company said it terminated stores affiliated with the U.S. president because his actions contravened Shopify's policies.
Firm launched in 2019, which uses renewable electricity to split ocean water molecules into hydrogen and oxygen, recently signed Shopify as its first customer.