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June 1, 2011

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The stars of PROFIT Magazine’s 23rd annual PROFIT 200 ranking prove that opportunities are everywhere in today’s economy. For the full ranking, visit

TORONTO, June 1, 2011 /CNW/ – With the Canadian economy apparently mired in a prolonged period of subpar growth, one couldn’t blame business owners for being pessimistic about current opportunities for expansion. But the firms honoured in the PROFIT 200 ranking of Canada’s Fastest-Growing Companies are proof that more than a little optimism is in order.

Released today, the PROFIT 200 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. Despite a sluggish economy, the businesses profiled in the pages of PROFIT’s Summer 2011 issue have generated five-year revenue growth averaging an extraordinary 1,464%.

This year, six PROFIT 100 companies hail from Manitoba or Saskatchewan. They’re a diversified lot, from a provider of mapping and other services to boost farm yields to a distributor of air purifiers and vacuum cleaners.

“The PROFIT 200 demonstrate that innovative small and medium-sized businesses operate all across the country,” says Ian Portsmouth, editor-in-chief of PROFIT Magazine. “No matter where they are from, they all have valuable lessons to share on how to drive growth in today’s challenging economy.”

PROFIT 200: The Top 5 from Manitoba-Saskatchewan

Company Industry Headquarters Growth 2005-10 (%)
1. Farmers Edge Precision Consulting Inc. (#11 overall) Mapping and other services to boost farm yields Winnipeg 3,292
2. Canpulse Foods (Ventures West Processors Ltd.) (#91) Wholesales agricultural commodities Kindersley, Sask. 577
3. Oreck Canada (Axe Houghton Group Inc.) (#102) Distributes Oreck-brand air purifiers and vacuums Winnipeg 463
4. Bonafide Carpentry Services Ltd. (#142) General contracting for commercial construction Winnipeg 329
5. Manitoba Harvest Hemp Foods & Oils (#156) Food processor Winnipeg 285

For the full ranking and breakdown of the PROFIT 200, visit

About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at