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Sḵwx̱wú7mesh business beat: Meet one of the women behind Nch'ḵay̓

Sḵwx̱wú7mesh business beat: Meet one of the women behind Nch'ḵay̓

'You don't need big budgets to have a big impact': Squamish Nation member returns home to lead brand marketing for Nch'ḵay̓.
She has come happily home, bringing all she has learned along the way with her.
A Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) development corporation appointed a new marketing lead last month, who is also a Nation member.
Brandi Halls brings to the role not only her professional expertise, but her cultural values, enabling her to implement plans for long-term prosperity.
Halls has over two decades of brand-building expertise. She previously worked across North America as brand director and chief ethics officer at Lush Cosmetics, and has now been appointed executive vice-president of brand, marketing and community engagement for
Nch'ḵay̓
, the Nation's economic development arm based in West Vancouver, that was established in 2018.
Nch'ḵay̓'s 'mandate' is to manage business separately from politics, all the while continuing to uphold traditional values and cultural teachings.
Specializing in finance and real estate, Nch'ḵay̓ strives for holistic economic impact on Indigenous as well as non-Indigenous communities. Their projects involve transforming Vancouver's skylines, such as
Sen̓áḵw
, as well as developing facilities such as gas bars and RV parks. Squamish Valley Gas Bar is an Nch'ḵay̓ business.
Mindy Wight, CEO of Nch'ḵay̓ , said of Halls' appointment: 'Brandi's leadership will be instrumental in strengthening our brand and market presence, [her] deep connection to our values makes her the perfect fit to help us achieve our goals in alignment with the Nation's guiding principles.'
The Squamish Chief spoke to Halls last week to discuss her new role and professional journey.
What follows is a version of that conversation edited for length and clarity.
A: I always knew I wanted to bring 20 years of experience in the corporate world back to my Nation. I just really didn't see a pathway there until Nch'ḵay̓ was formed, and I haven't looked back. It's been a tremendous welcoming back home.
In my new role, I really get to bring my whole self to work every day. I get to lean into my Sḵwx̱wú7mesh teachings and my passion around Indigenous sovereignty. The cherry on top of all that is that I get to do this with my own community.
I'm following in the footsteps of those who walk before me. My grandfather, the late Chief Simon Baker, was an ambassador of Indigenous culture. He was on council for the Nation, and spent his career working for the Nation. My mom, Faye Halls, followed in his footsteps. And now my sisters are both Indigenous educators, so it feels like I found my way back to where I'm meant to be. I don't think I'm alone in that. There are other Sḵwx̱wú7mesh people that [with] the formation of Nch'ḵay̓ [have benefited] their community.
A: We [are] 100% owned by the Nation, so that means everything we do [is] always going to be rooted in values and teachings. That's where that inevitable crossover is really natural and feels like the right approach.
The separation of business and politics is intentional. It's standard practice for Indigenous economic development arms now, and it really does allow Nch'ḵay̓ to operate at the speed of commercial businesses, and most importantly, allows our council and our Nation to focus on governing its 4,100 people. It works for us. We've got some really standard governance practices in place to ensure that the separation of business and politics [is maintained], but that the foundation of everything we do is the Sḵwx̱wú7mesh way.
A: Sen̓áḵw is a brilliant example of short-term strategy for long-term gain. Right now, we have three towers rising from the ground at the foot of the Burrard Street Bridge on our traditional Sen̓áḵw lands. The short-term plan there, of course, is to welcome over 1,000 residents over the next 24 months into our purpose-built rental towers. But the long-term goal here is building that generational wealth for the Nation.
That project is enormous in scale for the Nation. Specifically, I am very excited about bringing that story to life. We want folks who choose to live there to feel connected to the land and to the Sḵwx̱wú7mesh people.
We are deep in the creative process of bringing the Sen̓áḵw brands to life, imagining 'what is that ad going to look like on the side of buses in the weeks to come?' We're working really closely with Nation artists and
knowledge-keepers
to ensure that the representation of Sen̓áḵw is authentic and true.
I can honestly say that it feels like a once-in-a-lifetime project that I'm really honoured to be part of. [I] get to stretch my creative muscles and lean into the branding work, [and] stay super true to who I am as a Sḵwx̱wú7mesh woman.
A: It's a super fine balance [but] our traditional knowledge-keepers can ensure the history we're showing [is] up on our screens, and [that] our mock-ups are accurate.
Bringing in young Indigenous artists is another way [to retain that balance]. They've got a more contemporary, modern flair to their work. We're pairing them with knowledge-keepers, other art workers, and designers, so you do really get this beautiful collaboration. We are learning as we're doing. And so far, the process has been really beautiful. Every time we see another version of the artwork that's about to go live externally, we kind of gasp. There have been some tears, and I think we are doing a beautiful job of honouring the past, whilst also celebrating the future.
A: The beauty industry that I came from was heavily female, [but] the leadership team in the North American entity of Lush was more male-dominated. I certainly make note of this shift, but also worth drawing attention to is just how lucky I am to work for Nch'ḵay̓, because this organization is led by strong, experienced women in an industry that is typically led by men.
Our CEO is Mindy White, our chief development officer who looks after our real estate is Jennifer Podmore Russell, and our board chair is Joy MacPhail. These are all incredibly accomplished women who are really well-known in the industry, and our executive team, which I am a part of; the majority are women as well. Despite the greater housing and real estate industry being more male-dominated, I feel we've done a really great job of lifting women up in our space. 50% of the staff [at Nch'ḵay̓] are also Sḵwx̱wú7mesh people, and 61% of our staff are Indigenous. I've never felt more at home anywhere else, being amongst my people, my community.
A: I spent seven years in New York, in Manhattan; I was kind of in the heartbeat of all things brand marketing. The greatest lesson I learned from that time, that I will be bringing into Nch'ḵay̓, is this concept of growing your brand through a really organic grassroots approach. Stepping out of my office door in Manhattan, I was experiencing brand activations in all forms every single day. Niche community building is what I saw, and that's all the way across the West Coast now.
You don't need big budgets to have a big impact. What you really need is a team and a community who are super passionate about purpose, and there's definitely no shortage of that passion at Nch'ḵay̓.
Being able to nurture this human-to-human approach, building relationships and rapport, that's what's going to result in growing your brand. You just have to lean heavily into building community connection, which transfers beautifully to a brand like Nch'ḵay̓ where our sole purpose is to serve, and build wealth and prosperity for the community of the Sḵwx̱wú7mesh people.
Everything we do in our team is around connection to our community, and informing [them.] It means that engagement and communications are central to our strategy. We need to ensure, within the way we're operating our businesses and within the way we're marketing them, that our people feel seen and heard. I'm excited to grow the enterprise brand, and the business brands within it.
A: You have to have a good product, and you have to have good people, and you have to have purpose. It's really easy to come into a place like Nch'ḵay̓ that is so rounded in purpose, filled with people who are passionate about the work and community.
Now all we've got to do is tell the stories, and we need to tell them in a real and authentic way. That's going to be a really powerful marketing tool, but also a community-building tool.
*Please note that this story was updated after it was first published to correct some grammar and spelling errors, including the spelling of Mindy Wight's last name.
The Squamish Chief apologizes for these errors.
Ina Pace is The Squamish Chief's Local Journalism Initiative (LJI) Reporter.
This reporting beat is made possible by the
LJI.
The Squamish Business Beat was developed in response to local demand for more business-focused news. To be considered, please reach out to
news@squamishchief.com
.
While funding for this coverage was provided, The Squamish Chief maintains full editorial control over all content.

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Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed six acquisitions since the beginning of fiscal 2025 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q1FY26, Q4FY25, Q3FY25, Q2FY25, and Q1FY25, which we believe is the most directly comparable GAAP measure. Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 Net income, as reported on Consolidated Statements of Operations 36.2 37.4 36.6 34.7 34.7 Adjustments to reconcile to Adjusted EBITDA: Interest expense 0.2 0.2 0.2 0.2 0.3 Investment income (1.9) (1.9) (2.9) (2.7) (4.1) Income tax expense 11.7 11.4 11.9 13.6 11.5 Depreciation expense 1.5 1.5 1.4 1.4 1.4 Amortization of intangible assets 19.1 19.4 17.5 17.4 15.0 Stock-based compensation and related taxes 4.9 5.4 5.6 5.8 4.3 Other charges 3.4 1.6 1.8 0.2 3.9 Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0 Revenues 168.7 167.5 168.8 163.4 151.3 Net income as % of revenues 21% 22% 22% 21% 23% Adjusted EBITDA as % of revenues 45% 45% 43% 43% 44% The Descartes Systems Group Consolidated Balance Sheets(US dollars in thousands; US GAAP; Unaudited) April 30, January 31, 2025 2025 ASSETS CURRENT ASSETS Cash 176,411 236,138 Accounts receivable (net) Trade 60,456 53,953 Other 15,646 16,931 Prepaid expenses and other 43,100 45,544 295,613 352,566 OTHER LONG-TERM ASSETS 27,366 24,887 PROPERTY AND EQUIPMENT, NET 13,944 12,481 RIGHT-OF-USE ASSETS 7,721 7,623 DEFERRED INCOME TAXES 4,867 3,802 INTANGIBLE ASSETS, NET 368,122 321,270 GOODWILL 992,257 924,755 1,709,890 1,647,384 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 23,154 20,650 Accrued liabilities 73,151 79,656 Lease obligations 3,402 3,178 Income taxes payable 9,535 9,313 Deferred revenue 109,608 104,230 218,850 217,027 LEASE OBLIGATIONS 4,533 4,718 DEFERRED REVENUE 2,196 978 INCOME TAXES PAYABLE 6,540 5,531 DEFERRED INCOME TAXES 25,834 34,127 257,953 262,381 SHAREHOLDERS' EQUITY Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,782,830 at April 30, 2025 (January 31, 2025 – 85,605,969) 574,816 568,339 Additional paid-in capital 498,092 503,133 Accumulated other comprehensive loss (21,243) (50,497) Retained earnings 400,272 364,028 1,451,937 1,385,003 1,709,890 1,647,384 The Descartes Systems Group Statements of Operations(US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited) Three Months Ended April 30, April 30, 2025 2024 REVENUES 168,739 151,348 COST OF REVENUES (exclusive of amortization presented separately below) 39,747 35,413 GROSS MARGIN 128,992 115,935 EXPENSES Sales and marketing 18,850 17,471 Research and development 25,069 22,191 General and administrative 16,312 14,948 Other charges 3,449 3,918 Amortization of intangible assets 19,114 15,024 82,794 73,552 INCOME FROM OPERATIONS 46,198 42,383 INTEREST EXPENSE (236) (273) INVESTMENT INCOME 1,962 4,059 INCOME BEFORE INCOME TAXES 47,924 46,169 INCOME TAX EXPENSE (RECOVERY) Current 12,251 12,318 Deferred (571) (816) 11,680 11,502 NET INCOME 36,244 34,667 EARNINGS PER SHARE Basic 0.42 0.41 Diluted 0.41 0.40 WEIGHTED AVERAGE SHARES OUTSTANDING (thousands) Basic 85,677 85,274 Diluted 87,577 87,116 The Descartes Systems Group Consolidated Statements of Cash Flows(US dollars in thousands; US GAAP; Unaudited) Three Months Ended April 30, April 30, 2025 2024 OPERATING ACTIVITIES Net income 36,244 34,667 Adjustments to reconcile net income to cash provided by operating activities: Depreciation 1,450 1,358 Amortization of intangible assets 19,114 15,024 Stock-based compensation expense 4,366 3,769 Other non-cash operating activities (34) 96 Deferred tax recovery (571) (816) Changes in operating assets and liabilities (6,966) 9,643 Cash provided by operating activities 53,603 63,741 INVESTING ACTIVITIES Additions to property and equipment (1,862) (1,764) Acquisition of subsidiaries, net of cash acquired (112,327) (139,973) Cash used in investing activities (114,189) (141,737) FINANCING ACTIVITIES Payment of debt issuance costs (38) (38) Issuance of common shares for cash, net of issuance costs 3,558 4,231 Payment of withholding taxes on net share settlements (6,487) (6,745) Cash used in financing activities (2,967) (2,552) Effect of foreign exchange rate changes on cash 3,826 (1,482) Decrease in cash (59,727) (82,030) Cash, beginning of period 236,138 320,952 Cash, end of period 176,411 238,922

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