Date: April 29, 2024
We’ve got BIG news to share! 
Earlier this year, MAG Clothing applied for the SK Summit IX Venture Capital Competition right here in Saskatoon. We were beyond thrilled when we received the news that MAG made it to the Top 20 out of a highly competitive and diverse group of applicants. This was a huge moment for us, as the recognition from investors confirmed the potential of our vision and the progress we’ve made so far in building a sustainable and stylish fashion brand.
While we didn’t advance beyond the Top 20, the journey was invaluable. The due diligence process was an intense but rewarding experience. We had to dive deep into every aspect of MAG—from refining our financials and forecasting growth, to presenting our production and marketing strategies in a way that aligned with investor expectations. Through it all, we learned so much about the inner workings of VC-backed growth, the metrics investors prioritize, and how we can refine our approach moving forward.
The biggest takeaway from the competition? We’re on the right track. Although we didn’t move on to the final stages, the feedback and insights we gained from investors were priceless. We’ve already started making improvements based on what we learned—both in production efficiency and in refining our marketing strategies to better connect with our audience.
This experience has pushed MAG Clothing closer to our long-term goals. With renewed focus and drive, we’re now more prepared than ever to take on future challenges and grow our brand to new heights.
Thank you to the SK Summit IX team, the incredible group of investors, and all the supporters who’ve been cheering us on throughout this journey. This is just the beginning for MAG, and we can’t wait to see where it takes us next! 
Stay tuned for more updates as we continue to grow and evolve!
#MAGClothing #SKSummitIX #SustainableFashion #BusinessGrowth #LearningJourney #FashionForTheFuture