CANLAN ICE SPORTS CRP ORD - CNLFF STOCK NEWS

Canlan Ice Sports Corp. (TSX: ICE) reported record-high Q2 revenue of $21.8 million, a 10.3% increase from last year. Despite this, operating earnings decreased to $1.6 million from $2.3 million in 2023 due to increased expenses related to roof remediation and maintenance projects. Food and beverage revenue rose by 12.3% driven by increased tournament business. For the six months ended June 30, 2024, total operating revenue was $48.0 million, up 8.5% year-over-year. The company reported net earnings of $3.1 million or $0.23 per share for this period. Canlan's Board of Directors approved the continuation of its quarterly dividend of $0.03 per common share, payable on October 16, 2024.

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.

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.

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.

Canlan Ice Sports Corp. announces retirement of COO Mark Faubert and appointment of Joe McCullagh as new COO.