The Frasier, Thornton and Company was formed in 1903 in Digby, Nova Scotia. Within a year after being formed, it moved its head offices to Cookshire, Quebec, which at the time was located at a junction of the Canadian Pacific Railway and the Central Railway. In 1904, the factory was nearly destroyed by fire, including most of the machinery, and stock. Despite this fire, the company experienced explosive growth during its first decade of existence. On January 27th, 1912, the company was incorporated under the Companies Act of the Dominion of Canada. During the peak of its activity, the company was said to be Canada's largest manufacturer and distributor of patent medicines. After many years of declining growth, the company was sold to a consortium of local businessmen in 1965, and then folded a few years later in 1969.