09:52:53 EDT Tue 01 Sep 2026
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Xanadu Quantum Technologies Ltd
Symbol XNDU
Shares Issued 52,668,260
Close 2026-08-31 C$ 14.87
Market Cap C$ 783,177,026
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Globe says Xanadu bets on 21-year-old's quantum company

2026-09-01 08:29 ET - In the News

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The Globe and Mail reports in its Tuesday edition that Olivia Leng has an impressive and eclectic resume for a 21-year-old. The Globe's Sean Silcoff writes that the Toronto-born daughter of Cambodian refugees is a Royal Conservatory of Music-trained piano teacher, a certified lifeguard and a powerlifter, among other achievements. The goal for her latest start-up, Meissner, is ambitious: to invent a high-performance superconducting material that could unblock a key commercialization challenge for two technologies of the future: quantum computers and fusion reactors. "We want to be the Corning of superconductors," she told The Globe, referring to the U.S. ceramics and glass innovator. That leads to what may be her top accomplishment so far: convincing a slew of prominent Canadian tech entrepreneurs and financiers to open their wallets for her. Meissner has raised $3.6-million from investors including Anthony Lacavera, founder of telco upstart Globalive; Christian Weedbrook, chief executive officer of Xanadu Quantum Technologies; and Eliot Pence, founder of defence technologies developer Dominion Dynamics Inc. If Meissner succeeds, Ms. Leng figures it would reduce cooling costs for quantum computers by 95 per cent.

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