Innovation, Science and Economic Development Canada awarded Xanadu Quantum Technologies Inc. $195.0 million on August 28, 2026, according to federal proactive disclosure records.
What the funding covers
Innovation, Science and Economic Development Canada awarded Xanadu Quantum Technologies Inc. $195.0 million through the Strategic Response Fund on August 28, 2026, according to federal proactive disclosure records.
The project will establish advanced manufacturing facilities in Canada addressing gaps in the quantum technology supply chain, with the work phase scheduled to end on March 3.
Xanadu Quantum Technologies Inc.'s federal awards
The $195.0 million award was recorded as a single contribution from Innovation, Science and Economic Development Canada, according to federal proactive disclosure records.
Xanadu Quantum Technologies Inc. across the public record
One British Columbia NDP provincial legislator held the stock, according to disclosure records.
Lobbyists reported 14 meetings with the federal government in the past 12 months, the most recent on August 28, 2026, according to the federal lobbying registry.
Xanadu Quantum Technologies Inc. received 1 federal contract in the past 12 months worth $339,000, most recently on September 23, 2026.
The company received 3 federal grants and contributions in the past 12 months totaling $218.5 million, the most recent on August 28, 2026.
Four insiders sold shares of the company in the past 90 days, according to SEDI.
Share price context
Xanadu Quantum Technologies Inc. shares closed the week of October 30, 2026 at $4.05, within a 52-week weekly closing range of $3.58 to $47.00.
