Evidence of meeting #147 for Public Accounts in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.)

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Andrée-Lise Méthot  Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

At this stage, I'm currently looking for a yes or no.

Does Cycle Capital have any ownership in Polystyvert Inc.?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

Yes, we are investors—

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

They got $3.5 million from the slush fund.

How about VueReal?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

We were not investors when I was on the board.

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

Are you an investor now?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

Yes, since 2022. I had not been on the board for at least a year.

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about CelluFuel?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about ChrysaLabs?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about BorealisWind?

October 28th, 2024 / 11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

These are the ones, I think, that were listed by the Auditor General, as you referenced earlier.

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

In fact, in the table that I provided but that you have not received—

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about Equispheres?

These are from the Auditor General's list. I'm just double-checking. These are the ones on the Auditor General's list.

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

Mr. Chair, I'm sorry, but—

11:45 a.m.

Conservative

The Chair Conservative John Williamson

Just one second.

For now, Mr. Perkins has the floor to ask you questions. If you have something to add, you may well have the opportunity to do so in your responses to questions from other members. That's often what happens. That's how this works.

Mr. Perkins, go ahead. You have just under three minutes.

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

I'll ask again: How about ChrysaLabs?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about BorealisWind?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about Equispheres?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual

11:45 a.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

How about Global Spatial Technology Solutions?

11:45 a.m.

Founder and managing partner, Cycle Capital Management, As an Individual