Shopify funds its future

SHOPIFY INC. $209.11 (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (613-241-2828; www.shopify.ca; Shares outstanding: 106.4 million; Market cap: $22.1 billion; No dividends paid) took advantage of its high stock price in December 2018 and sold 2.6 million shares to the public at $154 U.S. each ($208 Cdn.). That… Read More

Allied’s new project lands a big tenant

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $42 (Toronto symbol AP.UN; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Units o/s: 103.8 million; Market cap: $4.4 billion; Dividend yield: 3.7%; Divd. Sustainability Rating: Above Average; www.alliedreit.com) owns 147 office buildings, mainly in major Canadian cities.
With the January 2018 payment,… Read More

SHOP taps B.C. pot

SHOPIFY INC. $224.14 (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (613-241-2828; www.shopify.ca; Shares outstanding: 99.9 million; Market cap: $23.8 billion; No dividend) has now been selected by British Columbia to provide an e-commerce platform for the online sale of non-medical cannabis.
The B.C. Liquor Distribution Branch will be the… Read More