Northern Refractor

Investment Theme(s): Societal Harmony  |   Stage: Sense  |   Status: Paused

Idea Founder: Mano Majumdar

Overview:

Revolutionizing Canada\’s north by establishing a vertically integrated provider that consolidates the supply chain, effectively reducing high grocery costs and enhancing food security through lower prices and improved accessibility.

Problem Space:

Groceries in Canada’s north are significantly more expensive compared to other regions, with a recent comparison highlighting that common grocery items in Iqaluit cost 2x or more compared to Calgary. The challenge lies in addressing the high prices and improving food security.

Potential Solution:

• Establish a vertically-integrated grocery and logistics provider that can capture profit margins, lower prices, and improve food security by integrating the entire end-to-end supply chain

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