MEC back under Canadian ownership after 5 years of U.S. management (www.cbc.ca)

submitted 4 days ago* (last edited 4 days ago) by jerkface@lemmy.ca to c/canada@lemmy.ca

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Article contains significant errors. MEC was never owned by its members. If it were, we would have had a say when it was sold, voting on whether to accept the offer, and receiving a share of the payout. MEC was never actually a cooperative. I think there should be consequences for this deception. I also think there need to be more consumer cooperatives than there are. Please mention any you know below.

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[-] ikidd@lemmy.world 4 points 3 days ago* (last edited 3 days ago)

No option for a cooperative? That's news in the agricultural world. There's plenty of rural coops, we have one locally called Pembina West Cooperators and it's been around for decades, as long as I can remember. UFA is another one, hell, it started out as a political party. We get annual dividends back from them based on our spending throughout the year, against the profit of the coop.