Canlan Reports Q3 Results & Continues Limited Operations
Burnaby, British Columbia--(Newsfile Corp. - November 13, 2020) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the third quarter ended September 30, 2020. Overview of Three Months Ended September 30, 2020 Cash on-hand at September 30, 2020 was $9.4 million with additional access to working capital credit lines of $10.0 million; As a result of the COVID-19 pandemic that forced facility closures and continue to limit the Company's operations,...
2020-11-13 6:00 AM EST
Canlan Reports Q2 Results & An Update of Current Operations
Burnaby, British Columbia--(Newsfile Corp. - August 13, 2020) - Canlan Ice Sports Corp. (the "Corporation") (TSX: ICE) today reported its financial results for the second quarter ended June 30, 2020. Overview of Six Months Ended June 30, 2020 Cash-on-hand at June 30, 2020 was $6.1 million and at August 12, 2020, the Company's cash position was approximately $9.2 million with access to working capital credit lines of $10.0 million; As a result of the COVID-19 pandemic that forced facility...
2020-08-13 6:00 AM EDT
Canlan Realizes Gain on Disposition of Surplus Land
Burnaby, British Columbia--(Newsfile Corp. - July 6, 2020) - Canlan Ice Sports Corp. (TSX: ICE) ("Canlan" or "the Company") announced today that the Company completed the sale of a two-acre parcel of surplus land located in Etobicoke, Ontario on July 3, 2020. "As part of our strategy to divest non-core assets, we are pleased to realize the current value of this parcel of land," said Canlan's Executive Vice-President, Michael Gellard. "The gain on disposition is approximately $2 million and...
2020-07-06 5:18 PM EDT
Rita Price Joins Canlan Ice Sports Corp. as VP of Human Resources
Burnaby, British Columbia--(Newsfile Corp. - June 29, 2020) - Canlan Ice Sports Corp. (TSX: ICE) ("Canlan" or "the Company") today announced that the Company's current VP, Human Resources (HR), Mark Reynolds, is retiring at the end of June 2020 after 18 years of dedicated service at Canlan. Mr. Reynolds will be replaced by Rita Price, an experienced HR professional who has held senior HR leadership roles for the past 20 years servicing organizations in the hospitality and medical services...
2020-06-29 9:00 AM EDT
Canlan Reports Voting Results from the 2020 Annual General Meeting of Shareholders and Announces New Chair of the Board
Burnaby, British Columbia--(Newsfile Corp. - June 26, 2020) - The Annual General Meeting of Shareholders (the "Meeting") of Canlan Ice Sports Corp. (TSX: ICE) (the "Company") was held on June 25, 2020 virtually through teleconference, in light of current health concerns due to the Coronavirus pandemic. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated May 21, 2020, which can be found on the website www.sedar.com. The...
2020-06-26 11:43 AM EDT
Canlan Announces Plans to Reopen Recreation Facilities
Burnaby, British Columbia--(Newsfile Corp. - June 18, 2020) - Canlan Ice Sports Corp. (TSX: ICE) (the "Company") is pleased to announce plans to reopen its recreation facilities. Beginning the week of June 15, 2020, ice rink facilities in British Columbia will open selected ice surfaces for user group rentals. Subsequently, facilities across Saskatchewan, Manitoba, Ontario, and Illinois will gradually reopen selected ice rinks and other sport surfaces on a systematic basis in the coming...
2020-06-18 5:13 PM EDT
Canlan Reports Q1 Results
Burnaby, British Columbia--(Newsfile Corp. - May 14, 2020) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the first quarter ended March 31, 2020. Overview of Q1 2020 As at March 31, 2020, the Company was in a strong liquidity position with $13.4 million of cash on hand and access to available credit lines; As previously reported, the Corporation's recreation facilities were temporarily closed end of day March 13, 2020 in response to the...
2020-05-14 6:00 AM EDT
Canlan Reports 2019 Financial Results and an Update on Temporary Facility Closures
Burnaby, British Columbia--(Newsfile Corp. - March 24, 2020) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the fourth quarter and year ended December 31, 2019. The Corporation also provided an update on the temporary closure of recreation facilities to help slow the spread of Coronavirus COVID-19. Overview of 2019 Total revenue of $88.3 million increased by $0.7 million or 0.8% compared to 2018; same store revenue increased by $2.2 million...
2020-03-24 6:24 PM EDT
Canlan Ice Sports Voluntarily and Temporarily Closes Facilities to Protect Communities Against the Spread of COVID-19
Burnaby, British Columbia--(Newsfile Corp. - March 13, 2020) - Canlan Ice Sports Corp. (TSX: ICE) - Given the suspension of many hockey and sporting events, and the increasing proactive restrictions and guidance from the federal governments and provincial and state medical officers, Canlan Ice Sports has decided to voluntarily suspend operations and temporarily close its facilities to the public as a preventative measure effective close of business today, Friday March 13, 2020. The ongoing...
2020-03-13 7:40 PM EDT
Canlan Will Not Renew Victoria Park Lease
Burnaby, British Columbia--(Newsfile Corp. - January 9, 2020) - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational sports facilities across North America, announced today, that it will not be renewing the operating lease of its Victoria Park ice rink facility, located in Toronto, ON. "After serving the GTA hockey community over the past 15 years at this facility, we have decided not to renew the lease at Victoria Park. Canlan's operations will cease at this...
2020-01-09 12:49 PM EST
Canlan Ice Sports Corp. Announces Amalgamation with Its Wholly-Owned Subsidiary, Les Quatre Glaces Inc.
Burnaby, British Columbia--(Newsfile Corp. - December 31, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (the "Company"), industry-leading providers of recreational sports facilities across North America, announces that it has completed a vertical short-form amalgamation (the "Amalgamation") with its wholly-owned subsidiary, Les Quatre Glaces Inc. (the "Subsidiary") pursuant to the provisions of the Business Corporations Act (British Columbia). Prior to the Amalgamation, the Subsidiary, then...
2019-12-31 11:14 AM EST
Canlan Reports Q3 Revenue Growth, Continuation of Quarterly Dividend, and Completion of Fort Wayne Property Sale
Burnaby, British Columbia--(Newsfile Corp. - November 14, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the third quarter ended September 30, 2019. Same Store Analysis On March 19, 2019, Canlan completed the purchase of an ice rink facility in West Dundee, Illinois, a prominent Chicago suburb. The facility, now called Canlan Ice Sports West Dundee, commenced operations as a Canlan facility in March 2019. On May 5, 2019, the Company's...
2019-11-14 6:00 AM EST
Canlan and Scotiabank Create Exciting New Relationship Rename Burnaby 8 Rinks, Scotia Barn
Burnaby, British Columbia--(Newsfile Corp. - November 8, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (Canlan) today announced that as part of a new relationship between Scotiabank and Canlan Ice Sports, Canlan Ice Sports - Burnaby 8 Rinks has been renamed Scotia Barn. A name synonymous with old time hockey but operated with a modern-day approach. As the Official Bank of the NHL® and NHL Alumni Association, Scotiabank is a committed supporter of hockey at all levels across the country,...
2019-11-08 3:00 PM EST
Canlan Sells Ice Sports Fort Wayne Facility
Burnaby, British Columbia--(Newsfile Corp. - August 21, 2019) - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational sports facilities across North America, announced today that it has completed the sale of its three-pad ice facility, called SportOne Parkview Ice House, located in Fort Wayne, Indiana for US$6.0 million (CA$8.0 million). A local investor group has purchased the facility and will continue ice rink operations at this location. "After serving the Fort...
2019-08-21 5:09 PM EDT
Canlan Reports Continued Same Store Revenue Growth and Announces a 10% Increase of its Quarterly Dividend
Burnaby, British Columbia--(Newsfile Corp. - August 13, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the second quarter ended June 30, 2019. Same Store Analysis On March 19, 2019, Canlan completed the purchase of an ice rink facility in Chicago, Illinois. The facility, called Ice Sports West Dundee, commenced operations as a Canlan facility in March 2019. On May 5, 2019, the Company's recreation facility located in Montreal, Quebec...
2019-08-13 7:00 AM EDT
Canlan Reports Voting Results From the 2019 Annual General Meeting of Shareholders
Burnaby, British Columbia--(Newsfile Corp. - June 21, 2019) - The Annual General Meeting of Shareholders (the "Meeting") of Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") was held on June 20, 2019 in Burnaby, British Columbia. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated May 16, 2019, which can be found on the website www.sedar.com. The total number of shares represented by shareholders in person and by...
2019-06-21 2:23 PM EDT
Canlan Reports Q1 Results and Announces Quarterly Dividend
Burnaby, British Columbia--(Newsfile Corp. - May 14, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the first quarter ended March 31, 2019. Overview of Q1 2019 Revenue of $26.0 million increased by $0.4 million or 1.4% compared to 2018; EBITDA of $7.6 million remained consistent compared to the prior year; On March 19, 2019, the Company completed the purchase of a 3-pad ice rink facility in Chicago, Illinois for US$10.0 million. This...
2019-05-14 6:00 AM EDT
Canlan Achieved Its Sixth Consecutive Year of Record Revenue and EBITDA in 2018 and Continues Dividend
Burnaby, British Columbia--(Newsfile Corp. - March 22, 2019) - Canlan Ice Sports Corp. (TSX: ICE) (the "Corporation") today reported its financial results for the fourth quarter and year ended December 31, 2018. The Corporation also announced the continuation of its dividend for Q1 2019. Highlights of 2018 Revenue of $87.6 million increased $2.2 million or 2.6% compared to 2017; Operating margin increased to 23.3% from 21.9% a year ago; EBITDA of $14.7 million rose $1.9 million or 14.7%...
2019-03-22 6:00 AM EDT
Canlan Expands U.S. Operations
Burnaby, British Columbia--(Newsfile Corp. - March 7, 2019) - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational and leisure multi-sport facilities across North America, today announced that it is expanding its U.S. ice operations with the purchase of the Leafs Ice Centre ("the Centre"), a three-ice-sheet, 106,000 square-foot facility, situated on 8 acres of land, in the Chicago, Illinois suburb of West Dundee. In addition to three NHL-sized rinks with spectator...
2019-03-07 12:10 PM EST
Canlan Met En Vente Le Complexe De Brossard
Burnaby, Colombie-Britannique--(Newsfile Corp. - January 15, 2019) - Canlan Ice Sports Corp., l'entreprise qui est chef de file en matière de complexes de sport récréatif en Amérique du Nord, annonce aujourd'hui que, après avoir été au service des citoyens de Montréal pendant 24 ans, elle a l'intention de vendre son complexe de quatre patinoires, Les 4 Glaces, situé à Brossard (Québec). Toutes les activités déjà programmées, notamment celles liées à Ligue de hockey récréatif pour adultes...
2019-01-15 4:23 PM EST