Westleaf Cannabis closes on $20 million in financing

Company plans to open 20 to 30 retail stores under the banner Prairie Records over the next 12 to 24 months

Westleaf Cannabis closes on $20 million in financingCalgary-based Westleaf Cannabis has received strong validation of its innovative approach in the Canadian cannabis industry with the recent closing of $20 million in financing, including a $2.9-million strategic investment from Tilray Inc. Westleaf plans to open 20 to 30 retail stores over the next 12 to 24 months, subject to securing real estate, finalizing…

Former Canadian Olympic skier launches resort development in Mexico

Cary Mullen says Vivo Resorts in Puerto Escondido is the perfect holiday destination

Former Canadian Olympic skier launches resort development in MexicoFormer Canadian Olympic skier Cary Mullen believes he’s found the perfect location for Canadians to purchase affordable, low-tax luxury resort properties. Mullen, founder of Vivo Resorts, is the man behind the gated community in Puerto Escondido, Mexico. “Puerto Escondido is the perfect holiday destination with sunny temperatures that rarely change more than three degrees year-round,…

Athabasca Oil chopping 25% of head office staff

The sector is still a long ways away from permanent solutions, says company president Robert Broen

Athabasca Oil chopping 25% of head office staffAthabasca Oil Corp. announced on Tuesday that it has undertaken a number of actions to enhance its competitiveness and resiliency. It has introduced a streamlined corporate cost structure that consists of a 25 per cent reduction in head office staff effective immediately and 10 per cent rollback in salaries for executives and directors. The company did…

Canada a dry hole for oil and gas investors

Onerous regulations, higher taxes and a lack of pipeline capacity are taking their toll on Canada’s energy sector: Fraser Institute

Canada a dry hole for oil and gas investorsThe oil and gas sector in Canada has been through some challenging times in recent years, making investment in the sector nowhere near what it used to be. A new report released on Thursday by the Fraser Institute, an independent Canadian public think-thank, indicates just how bad that’s become. The 2018 Global Petroleum Survey said no…

TransCanada expects healthy annual growth in dividends

‘Our $94-billion portfolio of energy infrastructure assets are expected to generate record financial results in 2018’

TransCanada expects healthy annual growth in dividendsCalgary-based TransCanada Corp. expects its dividend to increase eight to 10 per cent annually through to 2021, the company announced in a news release on Tuesday. The announcement came before the company hosted its annual Investor Day in Toronto, where it was providing an financial update and reviewing strategic plans for its natural gas pipelines,…

IKEA Canada reports strong sales growth

Sales totalled $2.39 billion across the country and e-commerce grew by almost 19%

IKEA Canada reports strong sales growthIKEA Canada announced on Friday that company sales of $2.39 billion across the country for the financial year ending Aug. 31 were an increase of eight per cent on the previous year. It said it experienced “accelerated growth” online as web visitation on IKEA.ca jumped to 104 million customers, contributing to $241.5 million in e-commerce…

Imperial Oil developing $2.6-billion Alberta oil sands project

Project will include the first major commercial application of technology to lower greenhouse gas emissions and water use

Imperial Oil developing $2.6-billion Alberta oil sands projectImperial Oil says it’s proceeding with the development of its $2.6-billion Aspen oil sands project, about 45 kilometres northeast of Fort McMurray. The company said the project, which is expected to produce about 75,000 barrels of bitumen per day, will include the first major commercial application of next-generation oil sands recovery technology. The technology is…

Buying, enhancing and holding real estate

Anthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…

Buying, enhancing and holding real estate

Anthony Giuffre of Avenue Living Asset Management talks about learning to succeed by running under the feet of the giants

Buying, enhancing and holding real estateAnthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…

Lowe’s closing 31 Canadian stores

Among the store closures: 1 in BC, 2 in Alberta (both in Calgary), 9 in Ontario, 9 in Quebec and 6 in Newfoundland

Lowe’s closing 31 Canadian storesLowe’s Companies Inc., which also operates Rona stores, announced on Monday it will be closing 31 of its Canadian stores as well as 20 U.S. stores. It said the “underperforming” store closures are part of the company’s “ongoing strategic reassessment” and it will “focus on its most profitable stores and improve the overall health of…
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