Most people probably don’t look at the details about this situation.
Notice from whenst the press release came: RAD Industries Inc., SAINT-GEORGES, QC.
Who or what is RAD Industries Inc.?
RAD Industries Inc. is part of a twisted group of legal entities controlled by Raymond Dutil. (RAD I believe are Raymond Dutils initials). I do not think that any of these legal entites is a publicly trade company, so there is little financial information available
The forward face of these legal entities was Groupe Procycle.
Groupe Procycle has a history of buying Canadian bicycle brand names, of which Rocky Mountain Bicycles was but one.
Groupe Procycle has been the graveyard for many Canadian bicycle brand names: CCM, Balfa, Velo Sport, Oryx, Mikado, Miele, eVox, and probably more.
Groupe Procycle tried to change its fortunes in 2018 by re-branding itself as Rocky Mountain Bicycles.
Well, here we are 6 years and some months later and suprise, suprise, suprise . . .
From my perspective these financial problems coming to light for Group Procycle or Rocky Mountain Bicycles, was only a matter of time.
Dec. 24, 2024, 3:53 p.m. - dihummer
Most people probably don’t look at the details about this situation. Notice from whenst the press release came: RAD Industries Inc., SAINT-GEORGES, QC. Who or what is RAD Industries Inc.? RAD Industries Inc. is part of a twisted group of legal entities controlled by Raymond Dutil. (RAD I believe are Raymond Dutils initials). I do not think that any of these legal entites is a publicly trade company, so there is little financial information available The forward face of these legal entities was Groupe Procycle. Groupe Procycle has a history of buying Canadian bicycle brand names, of which Rocky Mountain Bicycles was but one. Groupe Procycle has been the graveyard for many Canadian bicycle brand names: CCM, Balfa, Velo Sport, Oryx, Mikado, Miele, eVox, and probably more. Groupe Procycle tried to change its fortunes in 2018 by re-branding itself as Rocky Mountain Bicycles. Well, here we are 6 years and some months later and suprise, suprise, suprise . . . From my perspective these financial problems coming to light for Group Procycle or Rocky Mountain Bicycles, was only a matter of time.