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Canlan Ice Sports Corp. - $CNLFF STOCK NEWS

Welcome to our dedicated page for Canlan Ice Sports news (Ticker: $CNLFF), a resource for investors and traders seeking the latest updates and insights on Canlan Ice Sports stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canlan Ice Sports's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Canlan Sports has announced the retirement of its Executive Vice President (EVP), Michael Gellard, effective at the end of December 2024.

Gellard has been a pivotal part of Canlan Sports since 1996, starting as Corporate Controller and rising through key financial roles, including VP Finance and CFO, before becoming EVP in 2018. He has significantly contributed to the company’s financial management, risk management, strategic planning, and recent acquisitions and divestitures.

CEO Joey St-Aubin commended Gellard's leadership and dedication, highlighting his role in managing the company's financial structure and providing valuable insights from his involvement in the ASHL recreational hockey league.

Canlan Sports extends gratitude and well wishes to Gellard upon his retirement.

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Canlan Ice Sports Corp. reported record Q1 revenue of $26.2 million, a 7.0% increase from the previous year, with net earnings of $4.2 million or $0.32 per share. The company's operational performance improved due to pricing, higher volumes, and increased sales from soccer leagues, surface rentals, and food operations. Despite higher operating expenses and G&A costs, Canlan Sports maintained a solid financial position with a continuation of its quarterly dividend policy.

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Canlan Ice Sports Corp. (TSX: ICE) reports a 17% year-over-year revenue increase for the year ended December 31, 2023. The company's total operating revenue reached $86.1 million, with significant growth in food and beverage revenue and an option to purchase Canlan Sports Libertyville. Fourth-quarter results also showed positive revenue growth, but a decline in net earnings compared to the previous year.
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Canlan Ice Sports Corp. (TSX: ICE) reported Q3 2023 financial results, including a 10.8% increase in total operating revenue to $17.2 million, a net loss of $1.3 million, and ongoing roof remediation projects. Nine-month results showed a 19.3% revenue increase to $61.5 million and a net loss of $0.4 million. The company also declared a quarterly dividend of $0.03 per share.
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Canlan Ice Sports Corp. announces retirement of COO Mark Faubert and appointment of Joe McCullagh as new COO.
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Canlan Ice Sports Corp.

OTC:CNLFF

CNLFF Rankings

CNLFF Stock Data

39.65M
800.38k
93.31%
Theater Companies and Dinner Theaters
Arts, Entertainment, and Recreation
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United States of America
Burnaby