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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Dollarama Inc.    DOL   CA25675T1075

DOLLARAMA INC.

(DOL)
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Delayed Quote. Delayed Toronto Stock Exchange - 01/18 04:20:56 pm
51.24 CAD   -0.25%
01/14DOLLARAMA : Nine N.B. Dollarama locations closed after possible COVID-19 workplace exposures
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Dollarama : Recall of Daily Shield hand sanitizer expanded, manufacturer's licence suspended

10/29/2020 | 10:40am EST

Health Canada has suspended the licence of a Mississauga manufacturer of hand sanitizer and issued an expanded recall for some of its products found to contain unauthorized ingredients that could be unsafe for consumers.

The government agency said Thursday that Bio Life Science Corp.'s Daily Shield-branded hand sanitizer is being pulled off the shelves of Dollarama Inc. and any other unspecified retailers across the country it may have been sold at.

The 250 mL product was found to contain less than the recommended amount of ethanol, which decreases the chances of the product being effective at killing bacteria and viruses. The sanitizer also contained methanol, which poses serious health risks because it can cause severe adverse reactions or death when ingested.

"Health Canada also identified that Bio Life had a number of good manufacturing practices violations, including poor record-keeping, lack of control of inventory, and lack of finished product testing," the agency said in a release.

"As a result, Health Canada directed the company to stop all licensable activities. All product licences held by the firm have been suspended and an intent to revoke the COVID-19 site licence has been issued."

Bio Life did not immediately response to a request for comment.

The enhanced restrictions against the company come after its sanitizer was first recalled last week.

At the time, Health Canada said it believed the products, labelled NPN 80098979, Lot 6942 Expiry May 2023, were counterfeit.

The agency said it has now determined the items are not counterfeit, but that it is continuing to investigate Bio Life's other products — wipes, gels and liquid-based sanitizers — to determine if other action is needed.

When asked whether the agency will be fining or charging Bio Life, Health Canada said in a statement that it is "committed to stopping the production and import of unauthorized or counterfeit drugs in Canada and will not hesitate to take additional actions as necessary to stop this illegal activity."

Since the COVID-19 pandemic began and dozens of distillers and new companies began pumping out hand sanitizer, Health Canada said it has had to recall more than 100 of the products it found concerning.

Montreal-based Dollarama, where Bio Life's problematic hand sanitizer was first found by Health Canada in Thunder Bay, Ont., previously said that the product was available in roughly half the chain’s stores and each location sold about 17 bottles.

Dollarama said the sanitizers were removed as soon as Health Canada began investigating and the agency is now working to verify that it is no longer being sold by any other distributors or retailers.

Anyone who purchased this product, Health Canada said to stop using it immediately.

— With files from Adam Burns

This report by The Canadian Press was first published Oct. 29, 2020.

Companies in this story: (TSX:DOL)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2021 4 096 M 3 215 M 3 215 M
Net income 2021 591 M 464 M 464 M
Net Debt 2021 2 238 M 1 757 M 1 757 M
P/E ratio 2021 27,4x
Yield 2021 0,35%
Capitalization 15 898 M 12 458 M 12 479 M
EV / Sales 2021 4,43x
EV / Sales 2022 4,12x
Nbr of Employees 14 230
Free-Float 93,5%
Chart DOLLARAMA INC.
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Dollarama Inc. Technical Analysis Chart | DOL | CA25675T1075 | MarketScreener
Technical analysis trends DOLLARAMA INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 59,93 CAD
Last Close Price 51,24 CAD
Spread / Highest target 28,8%
Spread / Average Target 17,0%
Spread / Lowest Target 5,39%
EPS Revisions
Managers and Directors
NameTitle
Neil George Rossy President, Chief Executive Officer & Director
Stephen K. Gunn Chairman
Johanne Choinière Chief Operating Officer
Michael Ross Chief Financial Officer
Joshua Bekenstein Independent Director
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