8 hours ago
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Right Season, right time: Canadian tech shifts toward AI
Right Season Investments (TSXV:LITT) is taking a bold realignment aimed at increasing its investment exposure to high-growth sectors including artificial intelligence, biotechnology, and advanced technology and robotics
Thorlund is considering the formation of an advisory board composed of industry leaders and domain expert
The company plans to leverage its capital and advisory capabilities to support both private and public market opportunities in these dynamic sectors
Right Season Investments stock (TSXV:LITT) last traded at C$1.30
Right Season Investments (TSXV:LITT) is taking a bold realignment aimed at increasing its investment exposure to high-growth sectors including artificial intelligence, biotechnology, and advanced technology and robotics. This move follows the recent appointment of Dr. Kristian Thorlund, PhD, as chief executive officer.
Thorlund brings over 20 years of experience in data science, machine learning, AI, and health technologies. His appointment signals a transformative vision for Right Season, one that aligns the company with industries poised to redefine the global economy. Under his leadership, the company intends to pursue long-term value creation by targeting innovative companies at the forefront of scientific and technological advancement.
The company plans to leverage its capital and advisory capabilities to support both private and public market opportunities in these dynamic sectors. Right Season believes that AI, biotech, and robotics represent some of the most promising avenues for future growth.
'As the global economy rapidly evolves, we see immense opportunity in aligning our investment strategy with the industries that are driving real change,' Thorlund explained in a media release. 'This shift toward AI, biotech, and advanced technology is not just about chasing trends, it's about identifying and supporting companies that have the potential to shape the future and deliver lasting impact.'
Recent market forecasts support this topical pivot: The global AI market is projected to grow from $279 billion in 2024 to $1.81 trillion by 2030, representing a 35.9 per cent CAGR.
The biotechnology sector is expected to expand from $1.55 trillion in 2023 to $3.88 trillion by 2030, with a 14.1 per cent CAGR.
The robotics industry is forecast to exceed $200 billion by 2030, with AI-driven robotics alone projected to reach $124.8 billion.
Not only that, Thorlund is considering the formation of an advisory board composed of industry leaders and domain experts. This board would provide strategic guidance as the company navigates emerging opportunities and refines its investment approach.
Right Season's repositioning could mark a significant step toward becoming a key player in the next wave of technological innovation.
Right Season Investments Corp. is a Canadian venture capital, investment and advisory firm that invests capital into private and public companies that offer growth opportunities.
Right Season Investments stock (TSXV:LITT) last traded at C$1.30 and has risen 52.94 per cent since the year began.
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