North West Co Fund [ (NWTUF)

Description:

North West Company, Inc., is incorporated on January 1, 2011 in Canada. The Company, through its subsidiaries, is a retailer of food and everyday products and services. It is a retailer to underserved rural communities and urban neighborhood markets in the following regions: northern Canada, western Canada, rural Alaska, the South Pacific and the Caribbean. Its value offer is to be the local shopping choice for everyday household and local lifestyle needs. The Company has also applied its expertise and infrastructure to new markets. These include the expansion of wholesaling to independent stores, opening junior discount stores in rural communities and urban neighborhoods in western Canada and its recent acquisition of Cost-U-Less, Inc. (CUL), a chain of midsize warehouse format stores serving the South Pacific and the Caribbean. Its local competitors consist of stores operated by independent store owners and local co-operatives, some of which are associated with regional or national buying groups. The Company is subject to various laws and regulations administered by federal, provincial and foreign regulatory authorities, including but not limited to income, commodity and other taxes, duties, currency repatriation, zoning, health and safety, employment standards, privacy laws and licensing requirements.