Magnetic North Acquisition Corp. (TSXV:MNC)
FinancialMagnetic North Acquisition Corp. is an asset management company that operates in the financial service sector. Magnetic North Acquisition provides merchant banker services to small and medium-sized private corporations.
Magnetic North Acquisition Corp. is listed on the TSXV market, with its stocks trading under the MNC ticker. The financial service company also trades its shares on the TSXV Market under the stock symbol MNC.PR.A. Additionally, Magnetic North Acquisition was honored as one of the 2021 TSX Venture Top 50 Companies.
The Calgary-based financial service company invests and actively manages the business of the investee corporation. Magnetic North Acquisition provides management expertise and capital funding to enable the companies to expand their operational efficiency by implementing new business models, strategies, and planning.
Magnetic North Acquisition is focused on investing in companies that have the potential to generate positive cash flow. In addition, the investment company targets those companies that require improved capital structure to create positive business influence in the market. Magnetic North Acquisition Corp. mainly invests in the following market segments:
• Clean power technology
• Oilfield services
• Consumer products
• Manufacturing/production
• Technology, including software and hardware
• Special situations
Currently, the investment portfolio of Magnetic North Acquisition Corp. includes two projects:
• Previcare is a specialty chemical company that provides patented disinfectant technology to ensure pathogen-free surfaces for an extended time duration.
• CXTL Recycling Canada Corp. is an environmental company to recycle plastics and electric waste sustainably. The company is co-founded and co-owned by Magnetic North Acquisition Corp. and Cirque Innovations Ltd., a private technology company.
Magnetic North Acquisition Corp. operates its investment business from offices in Calgary, Alberta, and Toronto. The company aims to maximize its stakeholders' wealth by providing experienced management, and operational and financial guidance to the investee companies to make its business profitable.
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