Business Roundup
June 12, 2026
Explore Edmonton is betting on a new attractions bundle and a trolley-style bus to entice visitors to spend more time and money in the city before they head home, into the Rockies, or elsewhere. "The Discover Edmonton Pass and the Edmonton Explorer experience is really about turning a visit into a longer stay," CEO Traci Bednard said during a June 10 launch event. "When we have people here at our conferences … how do we encourage them to spend additional time, to bring their family and friends? That's what these programs do." In a press release, Explore Edmonton noted the new initiatives could help conference planners attract more visitors by making it convenient to take in the sights.
Key to that is the Edmonton Explorer, a hop-on, hop-off bus designed to look like a 1920s trolley by Molly Trolley. The Jasper-based SunDog Tour Co. operates two routes covering 20 destinations in the city, including attractions such as the High Level Bridge Streetcar and West Edmonton Mall, general hotspots downtown and in Old Strathcona, and hotels. There is a western loop and a central loop, and they intertwine at some spots so riders can hop between them. Part of the idea is to experience more of Edmonton by getting visitors to city highlights with ease; the two routes are timed to allow riders to explore, dine, or shop between boardings. The Explorer, which is partly funded by Travel Alberta, hits the road on June 15 and runs until about Thanksgiving, with tickets starting at $48.
As for the Discover Edmonton Pass, it's essentially a city pass that packages admission to attractions. It encompasses stops on the Explorer route such as the Alberta Aviation Museum, the Edmonton Riverboat, the Edmonton Valley Zoo, Fort Edmonton Park, the Muttart Conservatory, TELUS World of Science - Edmonton, and services by River Valley Adventure Co. Bundles start at $69 for two attractions. Taproot will have more on the new tourism initiatives on the June 12 episode of Speaking Municipally.
Economic development
- The City of Edmonton has refreshed its economic development strategy, a five-year plan aimed at attracting global investment and tackling the perception that Edmonton is "business unfriendly." The strategy identifies three challenges: a perception problem, a lack of awareness of Edmonton's strengths, and a residential tax base growing faster than commercial. Some critics said the plan falls short on supporting small businesses and ensuring a clean city, while others called for more focus on the nighttime economy and sporting venues.
- Sport Edmonton has launched an Event Accelerator Fund supported by Edmonton Destination Marketing Hotels, offering $40,000 in grants to help local sport organizations host bigger events between September 2026 and March 2027. Four grants of $5,000 are available for existing events and two grants of $10,000 for new events, with applications open until July 31.
- Among the 12 honorees at the Edmonton Tourism Awards on June 5 were the Dragon Food Tour series by Chinatown Transformation Collaborative for culinary tourism; the Canadian Hydrogen Convention for business event of the year; and Eric Warnke of the Edmonton Riverboat for tourism innovation. The awards also recognized the Edmonton International Fringe Theatre Festival, Flying Canoë Volant, the Edmonton Christmas Market, and the Great Outdoors Comedy Festival, as well as the Alberta Indigenous Games and the Canadian Finals Rodeo.
- Edmonton Unlimited, Edmonton Screen, Edmonton Global, and Explore Edmonton have clear and complementary mandates with no significant duplication, and they are delivering measurable economic outcomes, said a report that was presented to Edmonton city council's executive committee on June 10. While the ecosystem supports growth, there is a gap in mid-stage business retention and expansion support, the report said. A consultant recommended setting up a new economic agency to add scale-up supports for local businesses, but administration did not endorse that idea.
- Talk about Alberta separatism is starting to overshadow the province's economic progress and deter investment, warned Doug Griffiths, CEO of the Edmonton Chamber of Commerce. The chamber also called on Prime Minister Mark Carney to visit Edmonton to hear directly from business leaders about the city's economic priorities.
- Edmonton Unlimited hosted a deep-tech showcase that drew hundreds of attendees and venture capitalists from across Canada, culminating in up to 30 private startup-to-investor meetings with more than 20 Alberta-based companies. The event featured an investor panel and a fireside chat with Wyvern on its journey from university spinout to globally competitive deep-tech company. The results will inform future deep-tech programming and a segment at October's Edmonton Startup Week, BetaKit reported.
- The Edmonton Chamber of Commerce recapped a tour of Alberta's Industrial Heartland alongside Edmonton Mayor Andrew Knack and Fort Saskatchewan Mayor Lisa Makin, describing the region as one of the top two industrial clusters in the world. The Heartland supports more than 8,000 direct and 30,000 indirect jobs, and it has attracted $50 billion in capital investment, with 23 companies operating there continuously since its founding. "This is all in Edmonton's backyard, and it's extraordinary," the chamber said.
- Canadian municipalities announced the launch of a defence task force at the Federation of Canadian Municipalities annual conference in Edmonton on June 5. The initiative aims to improve coordination of infrastructure planning between military bases and their neighbouring communities. Edmonton Mayor Andrew Knack highlighted Edmonton's strategic role in supporting Canada's defence posture, with its advanced infrastructure serving both civilian and military purposes.
- St. Albert Mayor Scott Olivieri highlighted the Lakeview Business District expansion and $28 million in federal funding for the Northeast Servicing Project as key economic development priorities as the city released its strategic plan for 2026 to 2029.
Startups and SMBs
- Mitsoh was named the Inclusive ScaleUP of the Year at the ScaleUP Awards on June 10. The Indigenous-owned pemmican snack brand, which recently surpassed three million units sold, will be the featured company at the ScaleUP Breakfast Social at Edmonton Unlimited on June 12.
- Bae Food Group won the prize for the most innovative product at the Alberta Food & Beverage Awards for a shelf-stable chashu (braised pork) ramen topping, which it sells under the Ramen Plus brand. Other regional winners honoured by the Alberta Food Processors Association include Green Onion Cake Man, Crust Craft, and Uncle Hemmy BBQ. The awards were presented in Edmonton on June 5.
- Janice Krissa of DON'YA Ukraine's Kitchen celebrated the wrap of the Pitch Perfect Cohort 20 she participated in during the Venturepark Summit in Toronto. Krissa was invited by Arlene Dickinson after a pitch on Dragons' Den. "The conference not only inspired us but also set the stage for some exciting announcements in the near future," Krissa posted. "We feel even more ready to scale and can't wait to share our amazing authentic Ukrainian frozen food with people across Canada."
- Vivian Manasc, founder and principal of Reimagine, has received the Tom Sutherland Award for Volunteer Achievement from the Alberta Association of Architects. The award recognizes her leadership and contributions to architecture in the areas of climate, reconciliation, heritage, and accessibility in Alberta.
- Artificial Agency, which develops generative behaviour engines for gaming, named gaming industry veteran Greg Canessa as its chief operating officer, bringing more than 25 years of experience from Activision Blizzard, Microsoft Xbox, and Google. Canessa will focus on scaling commercial adoption of the behaviour engine with studios of all sizes after the technology was previously available only to select partners. CEO Brian Tanner said the hire marks the start of the company's next chapter, moving beyond the pilot phase.
- The Resplendent Cave, a tabletop role-playing game company, ran a sold-out Dungeons & Dragons fundraiser for the Centre for Autism Services Alberta that raised more than $2,000 for the charity. The company is among local participants at Game Con Canada from June 19 to 21, which runs in tandem with the North American Games Industry Summit on June 18 and 19 at the Edmonton EXPO Centre.
- CANDLE Lithium is taking its direct lithium extraction technology global after completing a successful pilot with a natural gas producer through Edmonton Unlimited's Venture Pilots: Built World Tech program. The company's process pulls lithium from oil and gas brines without evaporation, returns water to the energy company, and can begin extracting within 30 minutes. Founder and CEO Salman Safari said pilots with major oil and gas companies in Canada and abroad are approaching commercial demonstration scale.
- Bison Low Carbon Ventures has opened the Meadowbrook Carbon Storage Hub near Legal in Sturgeon County. The project's first phase is licensed to store up to 500 kilotonnes of CO2 per year, with an initial investment of about $17 million. It plans to expand capacity to at least three million tonnes annually and grow total investment to nearly $150 million.
- Varme Energy is warning that recent federal reductions to the industrial carbon price have made its waste-to-energy projects financially unviable, with the price set at $60 per tonne against a capture cost of $118 per tonne. A Pembina Institute analysis estimates that $40 billion of investment in low-carbon projects could be at risk without further government assistance.
- Complete Care Restoration is among the winners of the 35th annual Emerald Awards for Environmental Excellence, which were presented in Calgary on June 4. The company was recognized in the waste management category.
- Double Lunch is expanding beyond show promotion to offer music industry resources, including a "band hotel" in Windsor Park for touring musicians, an Edmonton music listings page, a Canada-wide festival directory, and grant resources for artists. "I feel like when you start to take your music seriously … it very quickly becomes a small business," Double Lunch's Emily Bachynski told Taproot. The organization has launched a Patreon to help fund its activities.
- ATWEC Technologies appointed Jeff Eales as CEO following its acquisition of Park-Aid Asphalt and Maintenance Ltd., an Edmonton-based heavy civil and infrastructure contractor with eight divisions that Eales built over more than a decade of leadership. Former CEO Joshua Weaver will remain as a board member and strategic advisor.
- Vantix Systems has been acquired by Aplin, a workforce solutions company that was born in Edmonton and is now headquartered in Calgary.
- AltaML co-founder and CEO Cory Janssen joined the Business Council of Alberta's C-Suite Unplugged podcast to discuss AI entrepreneurship and Alberta's potential in the emerging AI economy. Janssen covered his journey from launching Investopedia as a student to building AltaML into one of Canada's leading applied AI companies.
- The Business Development Podcast featured Colin Christensen, CEO of Tidal Care and mentor to more than 2,000 founders, to discuss functional mushrooms, psilocybin, and the emerging research on mushroom-based mental health therapies.
- Theresa Shaw, owner of Crown and Anchor Pub, welcomed changes to Alberta's new liquor service regulations, allowing bars, restaurants, and pubs to serve alcohol as early as 6am, rather than requiring individual approval for special events. Meanwhile, any establishments that want to run promotions during World Cup games will have to navigate licensing fees, FIFA sponsor rules, and other restrictions.
Real estate
- Autograph has started construction on The Clifton, a high-end, 12-floor condominium development between High Street and Glenora. Prices range from $2.7 million to nearly $9.5 million, and the units are said to be 75% sold. Construction is expected to be complete by March 2028.
- Civida is building 132 new homes in Edmonton's Keheewin neighbourhood for a project called Kaskitêw Asiskî. It will include a mix of affordable, community, and market rental suites, plus accessible design and shared community spaces. Construction is expected to be complete in 2027.
- Ikigai Impact, a Quebec-based affordable housing investment company formerly known as Fierbrooke, acquired the 63-unit North Star Apartments in Edmonton for $8.37 million, expanding its Alberta portfolio of more than 60 properties.
- The Heartland Housing Foundation has received $10.9 million through the provincial affordable housing partnership program for an all-ages downtown apartment building in Fort Saskatchewan with more than 80 units priced below market rates. The grant represents about 30% of the project's estimated total cost, with construction expected to begin in spring 2027. "This site plays a vital role in our downtown core, and the development will strengthen our community and provide meaningful benefits for generations to come," said Mayor Lisa Makin.
- Twin Willows Golf Club in the city's northwest is in its final season after 61 years, following its sale to real estate developer Panattoni. The property will be converted into an industrial business park with up to two million square feet of industrial space, with construction expected to begin in 2027.
- The Edmonton region recorded 2,557 residential sales in May, with the REALTORS Association of Edmonton noting a sharp split between property types: detached home prices averaged $604,744, up 4.8% year-over-year, while condo prices averaged $206,282, down 8.7% from April and 3.7% from May 2025. Overall inventory sits 23.9% above May 2025 levels, and despite strong growth in the detached segment, Edmonton home prices remain well below the national median.
- NAIOP Edmonton's Robynn Holstein argued that while downtown is showing real signs of recovery, the hardest work still lies ahead. "For all the progress, the fundamentals remain non-negotiable: safety, security, cleanliness, and foot traffic," Holstein wrote in an op-ed.
- The RAEdio Podcast by the REALTORS Association of Edmonton featured Alex Ward of MaxWell Devonshire Realty, winner of the 2025 REALTOR of the Year Award, discussing how a background in banking helped shape his real estate career and the importance of mentorship in the industry.
More headlines
- The Edmonton Transit Service will take over as the long-term operator of the Valley Line LRT from TransEd, the City of Edmonton announced June 9. The one- to two-year transition begins immediately and covers both the operating Valley Line Southeast and the Valley Line West, which is scheduled to open in 2028. City manager Eddie Robar called it "a business decision in the interests of taxpayers and transit riders — not a reflection on TransEd."
- High schools in Edmonton are offering alternatives to traditional career paths amid a challenging job market for youth. Through the Educational Partnership Foundation, students can enter trades-centric programs that lead directly to apprenticeships, bypassing conventional post-secondary education. Graeme Dowdell of Edmonton Public Schools said the programs provide students the opportunity to connect with industry mentors.
- The Well-Endowed Podcast from the Edmonton Community Foundation took a closer look at Women Building Futures with CEO Carla Madra and graduate Natalie Bak, who is now a Red Seal welder. The organization has helped more than 3,000 women enter the trades since 1998.
- Tammy Vineberg shared reflections on three years as president of CPRS Edmonton, as her term at the helm of the Edmonton chapter of the public relations society ends.
Happenings
Here are some events coming up over the next seven days:
- June 12: ScaleUP Breakfast Social starting at 9am at Edmonton Unlimited
- June 12: Encore Day Open House starting at 11am at Encore Trucking and Transport
- June 12: Bredin Centre for Career Advancement Employer Mixer starting at 1pm at Bredin Centre for Career Advancement (Spruce Grove)
- June 15: ERIN Member Monday starting at 4pm online
- June 17: Business@Lunch starting at 11:30am at St. Albert Curling Club
- June 18-19: North American Games Industry Summit at Edmonton EXPO Centre
- June 18: Navigating Property Events: Response, Recovery & Restoration starting at 9am at EPCOR Tower
- June 18: Archimixer starting at 4pm at Sir Wilfrid Laurier Park
- June 18: Financial Literacy Training starting at 6pm online
- June 19: Coffee with the Chamber starting at 8:30am at ATS Traffic
And here are some upcoming events to keep in mind:
- June 22: Alberta's Financial Future: A Conversation with Minister of Finance Jason Nixon starting at 12pm at Edmonton Chamber of Commerce
- June 25: WeBA Mayor's Luncheon at River Cree Resort and Casino
- June 25: NAIOP Edmonton Patio Party at National Bank Centre
Visit the Taproot Edmonton Calendar for many more events in the Edmonton region.
This roundup was sponsored by CPA Alberta.
CPA Alberta is the professional organization for more than 30,000 Chartered Professional Accountants (CPAs) across the province. CPAs are known for the experience, expertise, and business acumen they bring to organizations everywhere. CPAs are leaders, entrepreneurs, business advisors, personal financial advisors, management consultants, financial analysts, and so much more!