SHAKE SHACK EXPANDING INTO CANADA IN 2024

According to a recent news release from Shake Shack Inc., the company will enter the Canadian market in 2024 with a flagship location in Toronto.

The New York-based restaurant chain’s expansion will be undertaken through partnerships with two Torontobased investment companies, Osmington Inc. and Harlo Entertainment Inc.

Osmington is a private commercial real estate and investment company, with experience operating quickservice restaurants both nationally and internationally. Harlo Entertainment is part of Harlo Group and invests in properties in the hospitality space.

Michael Kark, the chief global licensing officer of Shake Shack, said the partnership will look to open 35 Shake Shack locations in Canada by 2035.

“We have been eyeing this incredible opportunity in Canada for quite some time and are elated to have found exceptional partners to serve Shack classics and bespoke Canada-exclusive items to our sophisticated neighbours to the north,” Kark said in the release.

Shake Shack started out as a single hot dog cart in New York City’s Madison Square Park over 20 years ago has become one of the biggest names in fast-casual restaurants.

The original Shack opened in 2004 in the famous NYC park and the brand currently operates 440 locations including over 290 restaurants in 32 US States and the District of Columbia and over 150 international locations in places such as London, Hong Kong, Singapore, Mexico City, Istanbul, Dubai, and more.

Sustainable Canadian Agricultural Partnership Launched April 1

The Sustainable Canadian Agricultural Partnership (Sustainable CAP) officially went into effect on April 1, 2023. The federal, provincial and territorial governments collaborated in the renewal of this important five-year policy framework to ensure that there is no gap between the end of the former agreement and this new one, benefitting farmers and processors across all of Canada.

This agreement has set $1 billion in federal programs and activities, and $2.5 billion in cost-shared programs and activities funded by federal, provincial and territorial governments, up 25% from the 2018-2023 agreement.

The renewed federally funded programs to support sector growth under Sustainable CAP were launched on March 6, 2023. Details and applications are available online for AgriAssurance, AgriCompetitiveness, AgriDiversity, AgriInnovate, AgriMarketing and AgriScience.

In addition to these programs, the Sustainable CAP includes $2.5 billion in cost-shared programming that will be delivered by provincial and territorial governments. Bilateral agreements between the Government of Canada and the provincial and territorial governments are in the process of being finalized.

Sustainable CAP includes, among other things, a new $250 million Resilient Agricultural Landscape Program to support ecological goods and services offered by the agricultural sector.

Canadian producers will also have access to an enhanced suite of business risk management programs to help them manage significant risks that threaten the viability of their farms and are beyond their capacity to manage, including an increase of the reference margins from 70% to 80% in AgriStability.

The Sustainable CAP will help position Canada for continued success as a global leader in sustainable agriculture, economically, environmentally and socially. It will also enable the sector to be an innovative, productive and internationally competitive so that it can continue to feed Canada and a growing global population.

Quick Facts

• Sustainable CAP focuses on the five key priority areas agreed to in The Guelph Statement: o Building sector capacity, growth and competitiveness o Climate change and environment o Science, research and innovation o Market development and trade o Resiliency and public trust