Canada

Neighbourly Pharmacy, a Toronto-based network of community pharmacies, has closed its initial public offering of common shares, raising about C$175 million.

Toronto-based Xanadu, a photonic quantum computing company, has secured $100 million in a Series B financing.

7shifts, a Saskatoon-based provider of employee scheduling and management software for the restaurant industry, has raised $21.5 million in a Series B financing.

Venture capital investing in Canadian technology companies was strong out of the gate in Q1 2021, according to a report issued this week by the Canadian Venture Capital and Private Equity Association.

DWF has acquired Barnescraig & Associates, a Vancouver-based insurance claims management and adjusting business.

Canadian steelmaker Algoma Steel is becoming a Nasdaq listed company through a merger agreed with New York-based blank-check firm Legato Merger Corp.

Foran Mining Corp, a Vancouver-based copper-zinc-gold-silver exploration and development company, has agreed to receive C$100 million in a private placement.

Halifax, Nova Scotia- and Los Angeles-based software startup Arcturus earlier this month collected $5 million in a seed-stage financing.

Foko Retail, a Gatineau, Quebec-based provider of retail communication and task management software, has been acquired by WorkForce Software.