Rocky Mountain Shareholders Vote In Favour Of Sale

Dec 18, 2020

Rocky Mountain Dealerships Inc is one step closer to becoming a private company.

During a virtual meeting this week 72.3 per cent of shareholders voted in favour of the deal that would see it move to a numbered company.

The private company is controlled by Chairman Matthew Campbell and CEO Garrett Ganden and puts a value of $144 million dollars on the Rocky Mountain Dealerships.

Rocky Mountain Dealerships, a Calgary-based company, has 36 locations across Alberta, Manitoba and Saskatchewan and is the largest farm equipment dealer in Canada.

The arrangement must still receive court approval before it can go ahead.

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Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.