Bay Street investment dealer Eight Capital winding down operations
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Eight Capital, a Bay Street investment dealer that specialized in speculative industries such as cannabis and junior resources, is winding down, according to two sources familiar with the situation.
Eight’s partnership committee voted to wind down the firm late Tuesday, according to a memo seen by The Globe and Mail, and the dealer has ceased executing trade orders.
The Globe is not naming its sources because they were not authorized to speak publicly.
Eight has been in business since 2016 but has deep roots on Bay Street. Historically, the dealer was known as Dundee Capital Markets but senior employees purchased the assets from Dundee Corp., spun them out into a stand-alone firm and then rebranded the dealer.
