struggles in Canada and around the world thanks to COVID-19, there has still been plenty of good news on the business front for many Canadian companies. As the business world has changed in many ways thanks to the pandemic, it has been those businesses that have learned how to quickly adapt and develop new and innovative strategies that have continued to find success. As for which Canadian companies have seen their sales and profits soar in 2020, here are a few shining examples of how hard work and determination pay off in a big way.
Rx Drug Mart
Based in Toronto, Rx Drug Mart has seen its revenues from 2018-2020 increase by an astounding 13,940%. With last year’s revenues approaching $250 million and this year’s expected to equal or exceed the previous year’s total, CEO Chris Gardner believes his company is poised for sustained growth throughout the decade. The company itself, which purchases, opens, and also operates numerous independent pharmacies in Toronto and across Canada, has over 1,000 employees and is considered one of Canada’s most preeminent companies in terms of growth and innovation.
Nova Leap Health Corporation
Continuing the health care trend, Nova Leap Health Corporation focuses on providing various types of home health care services to not only customers in Canada, but also the United States. With 800 employees and revenue growth the past two years that has jumped nearly 9,000%, this Halifax-based company sees no end in sight for its services. With both the U.S. and Canadian populations continuing to add more seniors to their ranks each year, CEO Chris Dobbin believes Nova Leap will become an even bigger player in this industry.
Fuelled
As its name implies, Fuelled is ready to blast off in 2020 and the coming years. A Calgary-based company, its primary focus is creating and running an online marketplace specifically designed for buying and selling oil and gas equipment. Since Canada’s energy industry is quite stable at the moment and growing at a solid pace, Fuelled has found itself busier than ever. With more and more companies trying to save money by purchasing equipment at lower prices, Fuelled is in demand now more than ever. Despite having less than 10 employees, CEO Raj Singh has seen the company’s revenues approach $25 million.
Smash + Tess
If there is one thing that everyone needs, it is clothing that is comfortable and affordable. At BC-based company Smash + Tess, customers get this and much more. Specializing in selling women’s everyday apparel, the company has been growing exponentially during the pandemic. With more and more people staying home, the demand for everyday clothing to wear while at home has jumped tremendously, as shown by the company’s revenue growth of almost 5,000%. With one of Canada’s leading female CEOs Ashley Freeborn leading the way, Smash + Tess sees a path ahead filled with increasing profits.
