When contacted about speculation that the campaign has ended a reputable source with close ties to the firm confirmed the crusade is over but declined to elaborate further.

The revelation follows the dismantling of Canaccord’s shipping team, which included equity analyst Noah Parquette and investment banker Henry Williams.

In an exchange with TradeWinds Parquette confirmed that the duo left the firm back in January and acknowledged it’s no longer involved in shipping but failed to shed light on why the coup was so short-lived.