Small canadian market with 3 major companies going head to head. Not enough buying power for competition. Procycle purchase/owner the three biggies. Balfa, Oryx and RM. All three companies made similarily marketted bikes with varrying production costs.
Blafa used old technology with outrageous production costs for bikes that werent always the best quality.
RM uses old technology with high production costs, it holds its value due to handmade and the name itself, consistent quality and the best reputation due to various pro riders.
Oryx was a small company make crappy bikes that slowly broke into the market. Decent price point but never broke through.
Balfa is gone, oryx is reduced to value bikes and RM is the only one of the three making freeride and dh bikes. Probably a good move as oryx would never be able to break rm and norco's stranglehold on the north shore fr scene so would never make their money back on the bikes.