Investment Portfolio
CIC Asset Management Inc. (CIC AM) has invested in joint ventures, partnerships, equity investments, fund investments and direct loans with a book value of $276 million at December 31, 2010. The following is a breakdown of the Corporation’s larger investments.
Equity Investments | Loans | Funds | Outsourced Investments
Equity Investments
- Big Sky Farms Inc.
- Bioriginal Food and Science Corp.
- Can Pro Ingredients
- Horizon Environmental Technologies (HET)
- Jump.ca Wireless Supply Corp.
- L&M Wood Products
- MCN BioProducts Inc.
- Meadow Lake OSB Limited Partnership
- Phenomenome Discoveries Inc.
- Quantec Geoscience Limited
- Solido Design Automation Inc.
- Targeted Growth Inc.
- VendAsta Technologies
Loans
Funds
Outsourced Portfolio
Investments
Big Sky Farms operates a number of farrow-to-finish hog production facilities in Saskatchewan.
Bioriginal Food & Science Corp.
Bioriginal is a global provider of innovative essential fatty acid solutions. Its products are used in nutraceuticals, functional foods, skin care products, cosmetics, animal feed, veterinary products and over-the-counter pharmaceuticals.
Can Pro Ingredients Ltd.
Can Pro Ingredients will manufacture an array of canola and alfalfa-based products including a fishmeal replacement from canola for aquaculture, canola oil for animal feed products, pellets made from alfalfa and canola hulls.
Horizon Environmental Technologies (HET)
Corporation HET was created to commercialize a yeast-based technology which produces a high value animal feed from cheese whey.
Jump.ca sells wireless products and services including cellular phones, wireless data solutions, high speed internet, interactive television and monitored security systems.
L & M Wood Products is an established saw mill and post plant operation based in Glaslyn, Saskatchewan.
MCN BioProducts is a technology company focused on unlocking the value of canola for use in large feed, food and cosmetic markets.
Meadow Lake OSB Limited Partnership
CIC AM and Tolko Industries Inc. of British Columbia formed a partnership in 2002 to build and operate a oriented strand board facility in the vicinity of Meadow Lake, Saskatchewan. The mill is capable of producing 600 million square feet (3/8” basis) of OSB annually. The facility is owned by the Meadow Lake OSB Limited Partnership and is managed by Tolko.
Phenomenome Discoveries Inc. (PDI)
Phenomenome Discoveries Inc. is a human health research company which has identified novel, non-invasive blood serum diagnostic biomarkers for human health disorders.
Quantec provides geophysical consulting services to the mining industry with a focus on data acquisition, interpretation and survey execution.
Solido is an electronic design automation company pioneering transistor-level design enhancement solutions for analog/mixed-signal design, as well as custom digital and memory design.
Targeted Growth was formed to commercialize technologies discovered at the University of Washington and the Fred Hutchinson Cancer Research Center. The company modifies genes to improve yields in commercial crops.
Terra Grain Fuels operates a 150 million litre per year wheat-based ethanol plant near Belle Plaine, Saskatchewan.
VendAsta Technologies Inc. designs software to track, manage and market complex capital assets.
Funds
Foragen Technologies Limited Partnership
Foragen Technologies Limited Partnership is an early-stage seed capital fund with a mandate to commercialize early-stage, advanced agricultural technologies from sources primarily in Canada.
Prairie Ventures Fund is an institutional venture capital fund which includes investment by approximately 20 Credit Unions, CIC AM, and a number of private entities or individuals.
Western Life Sciences Venture Fund
Western Life Sciences Venture Fund is an early-stage seed capital fund with a mandate to invest in companies involved in the commercialization of medical and pharmaceutical technology from sources throughout Western Canada.
Outsourced Portfolio
Through its wholly-owned subsidiary HARO Financial Corporation, CIC AM received $55 million of assets known as the Crown Fund from the sale of Crown Life. The assets were formerly owned by Crown Life and include Canadian venture capital mezzanine and fixed income investments. The fund is managed by Crown Capital Partners.