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On the Street: Clean tech, Abstract Developments ownership, Indigenous cannabis firms

Pani Energy on global clean-tech list

Victoria’s Pani Energy has been named to a global list of clean technology companies poised to make an impact on the drive to carbon neutrality in the next five to 10 years.

Pani, which has created technology that uses artificial intelligence and machine learning to enhance water-treatment systems in industrial sites like pulp and paper mills, auto plants and municipal facilities, has been named to the Global Cleantech 100, a list of companies taking action on getting to net zero.

“Climate change is the defining problem of our century. A problem that will shape our lives and economies for decades to come,” said Pani chief executive Devesh Bharadwaj. “I am honoured to see Pani chosen as one of the top 100 clean tech companies globally for our contribution to accelerating the water sector’s transition to net zero.”

The list has been compiled for the past 13 years by San Francisco based research consultants the Cleantech Group.

Five partners join Abstract ownership

Abstract Developments has brought in five financial partners to its ownership group. Saying it was a step in ensuring the long-term success of the company, founder Mike Miller said the 23-year-old development firm will now be owned by Miller, his wife Rebecca, and existing staff Tavish Rai, Nicholas Standeven, Adam Cooper, Adam Pressacco and Trevor Lind.

“This is an important transition for the long-term growth and succession of our company and a big step for these individuals to take on an ownership position,” said Miller. “This change will also signal the company’s strength and capabilities to our clients and our community.”

Indigenous cannabis sector promoted

The provincial government has launched the B.C. Indigenous Cannabis Product program to highlight cannabis products from the province’s Indigenous producers in private retail stores and B.C. Cannabis Stores, as well as online.

It says the goal is to develop a diverse, legal cannabis economy that includes rural and Indigenous communities.

“The launch of this new program demonstrates the province’s commitment to supporting Indigenous participation in B.C.’s cannabis sector,” said Mike Farnworth, minister of Public Safety. “With program registration opening, we look forward to seeing eligible products showcased in stores and online soon.”

The program is available to B.C.-based, federally licensed cannabis producers and processors that meet Indigenous ownership requirements.

“The legal cannabis sector in B.C. continues to mature and the B.C. Indigenous Cannabis Product program is an important step to ensure Indigenous business owners are part of this growth and the economic benefits,” said Finance Minister Selina Robinson.

Producers interested in the ­program should check out: bcldbcannabisupdates.com/BCICP.