- Shares of Good Purpose Investments (CSE:GPIN), formerly Steep Hill, began trading on the Canadian Securities Exchange on Tuesday
- The sustainable investment company acquires, develops and scales environmentally-aligned businesses
- Good Purpose stock received an initial bid of C$0.25 as of 9:50 am ET
Shares of Good Purpose Investments (CSE:GPIN), formerly Steep Hill, began trading on the Canadian Securities Exchange on Tuesday, granting investors exposure to a growing portfolio of environmentally-conscious businesses active in circular materials, sustainable manufacturing technologies and next-generation consumer products.
The company’s first portfolio holding, Waste2Wear, provides circular textile and product solutions backed by supply chain traceability technology to major consumer brands.
Good Purpose intends to build a diversified portfolio of investments and in-house businesses that benefit from shared infrastructure and expertise.
“This milestone marks the beginning of a new chapter for GPI,” George Tsogas, Chief Executive Officer of Good Purpose Investments, Former Vice President of Global Logistics at Lululemon and the owner and CEO of Kit + Ace, said in Tuesday’s news release. “As we enter the public markets, our focus is clear: disciplined execution, strategic growth and building long-term value while advancing businesses that make a positive impact.”
“Waste2Wear is proud to be GPI’s initial portfolio company, and this marks an exciting milestone for everyone involved,” added Monique Maissan, Founder of Waste2Wear. “As part of the GPI family, we believe this next chapter will create meaningful opportunities to accelerate growth and expand the reach of our circular solutions. It is incredibly rewarding to see the business move closer to the vision that inspired its founding – creating commercially scalable products that contribute to solving real environmental challenges for future generations.”
Good Purpose stock (CSE:GPIN) received an initial bid of C$0.25 as of 9:50 am ET. The company has 39.5 million shares issued and outstanding.
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