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  #1861  
Old Posted Mar 11, 2021, 6:06 PM
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Originally Posted by jollyburger View Post
And related to that...
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Major expansion plans are abound for AbCellera over the next few years to the extent that the Vancouver-based biotechnology company is now looking to build a massive purpose-built office and medical laboratory campus in Mount Pleasant.

It would be a redevelopment of the entire city block at 110-150 West 4th Avenue — framed by West 4th Avenue to the north, Columbia Street to the west, a laneway to the south, and Manitoba Street to the east.
https://dailyhive.com/vancouver/abcellera-110-150-west-4th-avenue-vancouver-campus-mount-pleasant
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  #1862  
Old Posted Mar 11, 2021, 8:23 PM
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They are a spinoff out of UBC:

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Dr. Hansen led AbCellera’s 2012 spinout from UBC’s interdisciplinary Michael Smith Laboratories, where he ran the bioengineering group. Using technology developed at the lab, AbCellera speeds up the process of isolating and identifying antibodies that humans create to fight infections.
https://www.theglobeandmail.com/business...llionaire-boss-planning-hiring-spree-in/
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  #1863  
Old Posted Mar 24, 2021, 2:51 AM
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https://theprovince.com/news/concern-abo...wcm/1a770598-d982-493f-be49-e4a16533123f

Proposed US Bill would allow cruise ships to bypass BC ports. Supposed to be temporary until Canada is open to cruise ships again. Would be devastating for the tourism industry if eventually that becomes permanent.
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  #1864  
Old Posted Mar 24, 2021, 3:38 AM
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BC can start a new thriving industry with sea pirates
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  #1865  
Old Posted Mar 24, 2021, 10:54 AM
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BC can start a new thriving industry with sea pirates
*Independent coast guard

I knew a girl from Somalia in university whose father used to be a diplomat for the former Somali government. When the government collapsed, their family was granted asylum in the country where they were stationed at the time and later immigrated to Canada. Anyway, I asked her once how the Somali "pirates" were viewed by her and her community.

She said that the pirates were originally fishermen, but when the government collapsed, foreign fishing fleets descended on the Somali territorial waters and essentially started strip-mining the place, taking advantage of the sovereignty vacuum to haul in wholly unsustainable catch numbers and muscle out the locals by sheer numbers.

The local fishermen began acting as an 'independent coast guard' to try and verbally dissuade the foreign fishing fleets. When they were ignored, the fishermen began going out with weapons to try and scare off the foreign fishing fleets. When that didn't work, they started shooting at, boarding, and commandeering the foreign fishing vessels (essentially what other nations' coast guard does, but with fewer white uniforms and more AK47s and RPGs).

Guess what? That worked.

But the moral hazard of the money to be made by seizing illegal foreign fishing vessels and ransoming them back soon attracted the desperate and organized crime alike during Somalia's failed-state years. Soon, the seizure of fishing vessels harvesting in Somali waters escalated to seizing them as they merely passed through, then they expanded to international waters, and then the seizures expanded progressively up the value chain (coastal freighters, private yachts, cruise ships, oil tankers, Tom Hanks, etc.). Put all that together and, baby, you've got a full-blown piracy going.

It's one of the most salient times in my life when I genuinely felt that I had acquired a better understanding of a complex foreign situation and understood it, at least superficially, from a different perspective. It doesn't excuse where it ended up, but it does help explain how it got there.

I wonder, too, how far Canadians would go were we to find ourselves in a similarly dire situation as Somalia? Does anyone doubt that our fishermen would take issue with foreign fleets pillaging our coasts were the Canadian government and maritime sovereignty to evaporate? Would a few irate fishermen, seeing American, Chinese, Portuguese, etc., fishing fleets plunder our waters, potentially take a rifle out to sea with them? Pop off a few shots to get the foreign crews' attention? Maybe pull alongside to have a word? Maybe board them? Where would it end, exactly?

Anyway, yes, haha, the BC cruise ship industry could be replaced by sea piracy. Indeed!
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Last edited by SFUVancouver; Mar 24, 2021 at 3:53 PM.
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  #1866  
Old Posted Mar 25, 2021, 5:07 AM
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Business in Vancouver: Microsoft expanding Vancouver footprint with 500 new jobs.

https://biv.com/article/2021/03/microsoft-expanding-vancouver-footprint-500-new-jobs

I wonder why they are subleasing space at their Pacific Centre offices.

Edit: They have 80K square feet in that 155 Water Street redevelopment.
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  #1867  
Old Posted Mar 25, 2021, 6:53 AM
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Someone posted that the sublease space isn't Microsoft's it's Mobify's space.
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  #1868  
Old Posted Mar 25, 2021, 1:12 PM
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Someone posted that the sublease space isn't Microsoft's it's Mobify's space.
Ah thanks!
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  #1869  
Old Posted Mar 29, 2021, 9:36 PM
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I hope that this year will allow me to initiate my own start-up. Last year we were blocked because of COVID-19 restrictions, but hopefully, with the vaccination rollout, the business will start getting back to normal and we will be able to give our idea a go! Of course, there is always a great benefit to placing your company in the startup acquisition marketplace later on. Most people think that when you start your own idea you have to be with it forever. That's not the case, and there are lots of famous examples of acquisitions in the technological field. The greatest one for me is WhatsApp.

Last edited by Sandalphon; Apr 5, 2021 at 4:55 PM.
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  #1870  
Old Posted Mar 31, 2021, 6:54 AM
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https://dailyhive.com/vancouver/michael-jordan-investors-dapper-labs-nba-top-shot

Vancouver-based Dapper Labs is now valued at $2.6 billion. A very logical next step would be hockey NFT's I assume. Very exciting industry at the moment that's for sure.
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  #1871  
Old Posted Apr 7, 2021, 8:44 PM
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Valuations are through the roof. Unicorn is barely even that big of a deal anymore.
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  #1872  
Old Posted Apr 15, 2021, 6:44 PM
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Wow, this is kind of sad though not unexpected given Covid:

Vancouver Aquarium sold to U.S.-based attractions and tourism operator

By Amy Judd Global News
Posted April 15, 2021

The Vancouver Aquarium has been sold to U.S. company Herschend Enterprises.

The aquarium, which has been operating for 64 years, is considered one of B.C.’s top tourist destinations.

The facility has been struggling due to severe financial challenges related to the COVID-19 pandemic, and paused all public programming in September after an almost 80 per cent decline in ticket sales. But staff said this agreement will save it from permanent closure.

It will continue to be led by chief operating officer Clint Wright, who has been with the aquarium for more than 30 years, while Ocean Wise will remain an independent charitable non-profit ocean conservation organization led by conservationist Lasse Gustavsson....


https://globalnews.ca/news/7759931/vancouver-aquarium-sold-us-company-tourism/
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  #1873  
Old Posted Apr 15, 2021, 8:09 PM
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I wonder how much they sold for.
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  #1874  
Old Posted May 19, 2021, 8:26 PM
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Remember when Christy Clark said LNG was going to return hundreds & hundreds of millions to BC? Two pieces of bad news on that front today:

Woodside pulls plug on Kitimat LNG

IEA declares ‘golden age’ for natural gas, LNG over
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  #1875  
Old Posted May 19, 2021, 9:09 PM
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Originally Posted by whatnext View Post
Remember when Christy Clark said LNG was going to return hundreds & hundreds of millions to BC? Two pieces of bad news on that front today:

Woodside pulls plug on Kitimat LNG

IEA declares ‘golden age’ for natural gas, LNG over
I mean the last remaining project is still building a $7 billion pipeline and $18 billion terminal. I know it could all be BS but they promised 10,000 jobs and $23 billion in dollar in revenue for the BC government from that single project. Unless that project dies I wouldn't be so quick to predict that she was wrong. And the NDP threw in $4.5 billion more in tax incentives to get the project built

https://vancouversun.com/news/politics/f...rk-praises-ndp-for-getting-lng-deal-done

And the IEA forecasts are based on governments keeping their word. Good luck with that one. They should call for a ban on airline travel that would make for a good headline.

Last edited by jollyburger; May 19, 2021 at 9:23 PM.
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  #1876  
Old Posted May 20, 2021, 8:50 PM
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Anyone else think that Squamish is an odd location (wrt transportation links)?

PlantX Announces New Indoor Plant Warehouse in Squamish
https://www.prnewswire.com/news-releases...ant-warehouse-in-squamish-301294679.html
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  #1877  
Old Posted May 20, 2021, 9:56 PM
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Originally Posted by officedweller View Post
Anyone else think that Squamish is an odd location (wrt transportation links)?

PlantX Announces New Indoor Plant Warehouse in Squamish
https://www.prnewswire.com/news-releases...ant-warehouse-in-squamish-301294679.html
Well, if it was a massive warehouse operation distributing truckloads all across Canada - or even western Canada, it might be odd. The release says it's a "3,000-square-foot warehouse facility" so it probably doesn't matter too much where it goes, but I bet it was cheaper than some of the alternative locations.
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  #1878  
Old Posted May 20, 2021, 11:00 PM
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Is moving into a 3000sqft warehouse newsworthy?
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  #1879  
Old Posted May 20, 2021, 11:27 PM
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Is moving into a 3000sqft warehouse newsworthy?
Well, it's nearly twice the size of the recently announced Squamish state-of-the-art Flagship Store which "showcases a variety of carefully curated grocery and wellness items by popular Canadian and U.S. plant-based brands and aims to increase public engagement and plant-based education." So there's that. "We opened a store, and small warehouse too" apparently doesn't pull the punters in.
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  #1880  
Old Posted May 21, 2021, 12:36 AM
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Sorry I missed the sq ftge!
That really is strange.
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