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.
Canlan Ice Sports Corp. (CNLFF) is a leading North American company that specializes in owning, operating, and programming multi-purpose recreation and entertainment facilities. With a strong focus on ice sports, the company manages 16 facilities in Canada and the United States, offering a total of 48 ice surfaces, five indoor soccer fields, and 20 sport courts. Canlan is committed to providing a high-quality and diverse range of recreational activities for its customers, ensuring safety, comfort, and efficiency are top priorities. Recently, the company announced the retirement of its Executive Vice President, Michael Gellard, who has been a pivotal figure in the organization for 28 years, contributing significantly to its financial management, strategic planning, and overall success.
Canlan Ice Sports Corp. held its Annual General Meeting of Shareholders on June 19, 2024, at ScotiaBarn in Burnaby, BC. A total of 10,342,502 shares were represented, equating to 77.55% of the company's outstanding shares. During the meeting, the election of directors was conducted via ballot, resulting in 100% of votes being cast in favor of each director: Frank D. Barker, Geoffrey J. Barker, Doug Brownridge, Connie Carras, Don Crowe, Victor D'Souza, Chris McMullen, and Joey St-Aubin. Detailed information regarding each voting matter can be found in the Management Information Circular dated May 9, 2024, available on www.sedarplus.ca. The results of all resolutions voted on at the Meeting have also been filed on the same website.
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.
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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