“What’s in a name? That which we call a rose
By any other name, would smell as sweet”
-W. Shakespeare Romeo and Juliet (II, ii, 1-2)
While a rose may smell as sweet by any other name, The XY Hemp Corporation sounds much sweeter to me than our previous numbered corporation. This week we are celebrating a small accomplishment: we have chosen a name for our company and made the change official!
At first, it may sound like a placeholder name but it was in fact chosen carefully to reflect our corporation culture and vision.
The XY Hemp Corporation is an ode to Canadian history. Canada was settled by corporate interests before the colonial powers of Britain and France decided to establish colonies and send settlers to the new country. Two powerful trading groups, The Hudson’s Bay Company and the North West Company, competed for domination in the fur trade in the late 18th and early 19th century. The Hudson’s Bay Company was centrally controlled from London and had very a strict hierarchy, whereas the NorthWest Company was headquartered in Montreal and consisted of partnerships between traders across the country. The NorthWest Company eventually achieved full integration when a London office was opened to market furs from the company. Many of the shareholders of the NorthWest company were voyageurs: traders who lived in Canada and spent their winters in Canadian wilderness. Although power was more decentralized in the NorthWest Company, there was disagreement between the winterers and the management in Montreal. In 1799, the western fur traders broke away from The NorthWest Company to form the New NorthWest Company, also known as the XY Company.
The XY Hemp Corporation aims to become the #1 hemp processing firm in Canada through partnerships and collaboration. We are independent thinkers and firmly rooted in western Canada. Innovation is the key to what makes us different. Our innovative partnership approach to enter the agriculture sector is just the beginning. Willing to take calculated risks and compete with bigger corporations, our competitive advantage is the flexibility to start small and grow into new markets.