Irwin and Investis Digital Announce Partnership

5 Quarters Investor Relations

5 Quarters Investor Relations (5Q) is a boutique investor relations firm based in Calgary, Canada.  We combine our extensive knowledge of business, capital markets and corporate communications with an unwavering dedication to trust, integrity and quality.  5Q focuses on the importance of relationships in successfully executing communications and investor relations programs that deliver value to our clients and their stakeholders.


We work with public and private clients in multiple industries across Canada and the United States to develop and articulate their strategy, fundamentals and value proposition in a language that resonates with the target audience.



We bring decades of combined experience in capital markets, investor relations and corporate communications.  Our flexible, collaborative and client-centered approached results in lasting and trusted relationships with our clients as well as investors, analysts and dealers.  We tailor solutions and programs designed to effectively meet clients’ needs with a focus on delivering value.


Cindy Gray

Managing Director, CEO & Founder

Cindy is a financial communications practitioner with 20+ years of experience in investor relations and capital markets.  She has held senior and executive positions at a number of public companies, and globally led business development for one of the TSX & TSX Venture Exchange practice groups.  She has been involved in the design and execution of tactical and strategic communications programs across multiple industries, including technology, natural resources, real estate and financial services.

Devon Chase

Associate Director

Devon joined 5Q with diverse financial experience, ranging from oil and gas trading analysis, to auditing mergers and acquisitions, to healthcare financial reporting.  Devon also brings a history of strategic communications and marketing with a start up organization.

Michelle McIvor

Contract Writer

Michelle is a journalist and corporate communications professional.  Her writing has appeared in Maclean’s, Canadian Business, Profit, Chatelaine, Avenue and Reader’s Digest, among other publications, and she has been a frequent contributor to websites such as  Michelle also spent three years as a health columnist with the Calgary Herald.  Michelle is passionate about helping companies share their stories, specializing in corporate communications, branding, media outreach and investor relations.

Isabel McRitchie

Analyst (Intern)

Isabel has worked in risk advisory for financial institutions and government organizations and has extensive experience in consulting and direct client engagement. She has a deep technical skill set, with knowledge of computer programming and process modeling softwares, as well as a strong background in quantitative analysis.  Isabel is currently pursuing an undergraduate degree in Chemical Engineering, with a focus in Environmental Engineering, at the University of Toronto.

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