Dynamex Operations West, Inc. v. Superior Court

H2O Innovation Receives Interim Order and Files Management Information Circular in Connection with Special Meeting of Shareholders

Retrieved on: 
Monday, October 30, 2023

Among other things, the Interim Order authorizes the Corporation to call, hold and conduct a special meeting (the “Meeting”) of holders (the “Shareholders”) of Shares to consider the Arrangement.

Key Points: 
  • Among other things, the Interim Order authorizes the Corporation to call, hold and conduct a special meeting (the “Meeting”) of holders (the “Shareholders”) of Shares to consider the Arrangement.
  • The Management Information Circular (the “Circular”) and related materials for the Meeting are available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and on H2O Innovation’s website at www.h2oinnovation.com .
  • H2O Innovation expects to begin the distribution and mailing of the Circular and related materials to Shareholders in the coming days.
  • Shareholders of record on October 24, 2023 will be entitled to receive notice of, and to vote at, the Meeting.

IOU Financial Inc. Files Management Information Circular for Special Shareholders' Meeting

Retrieved on: 
Wednesday, August 16, 2023

In that event, the Company is nevertheless required to hold the Meeting and cause the Arrangement to be voted on at the Meeting.

Key Points: 
  • In that event, the Company is nevertheless required to hold the Meeting and cause the Arrangement to be voted on at the Meeting.
  • Additional information related to the benefits and related risks of the Arrangement are contained in the Circular.
  • The Circular is being mailed to Shareholders in compliance with applicable Canadian securities laws and the interim order issued by the Court.
  • The Circular is available on IOU's profile on SEDAR+ at www.sedarplus.ca and on IOU's website at www.ioufinancial.com .

IOU Financial Inc. Calls Special Shareholders' Meeting for Going-Private Transaction

Retrieved on: 
Thursday, August 10, 2023

Meeting to be held on September 12, 2023 in Virtual-Only Format

Key Points: 
  • Meeting to be held on September 12, 2023 in Virtual-Only Format
    MONTREAL, Aug. 10, 2023 /PRNewswire/ - IOU Financial Inc. (TSXV: IOU) ("IOU" or the "Company") today announced that the Superior Court of Québec (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of a special meeting (the "Meeting") of shareholders of IOU ("Shareholders") on September 12, 2023.
  • Pursuant to the Interim Order, the Meeting will be held on September 12, 2023 at 11:00 a.m. (Montréal time).
  • Shareholders of record as of the close of business on August 8, 2023 will be entitled to receive notice of, to participate in, and to vote at the Meeting.
  • Details on the virtual Special Meeting and how Shareholders can access the Meeting will be set out in the circular.

OFL: Ontario unions say “enough is enough” as Bill 124 appeal hearings begin

Retrieved on: 
Tuesday, June 20, 2023

Beginning today, the Court will hear the appeal of the Superior Court of Justice’s decision to strike down Bill 124.

Key Points: 
  • Beginning today, the Court will hear the appeal of the Superior Court of Justice’s decision to strike down Bill 124.
  • “As we have said repeatedly: Bill 124 hurts workers and it hurts our public services,” said Patty Coates, Ontario Federation of Labour President.
  • “According to the government’s own documents , Bill 124 has worsened the staffing crisis in Ontario’s struggling health care system,” said Coates.
  • “Enough is enough, it’s time for Bill 124 to be scrapped for good.”
    The Ontario Federation of Labour represents 54 unions and one million workers in Ontario.

PyroGenesis Provides Update on Financing and Corporate Matters

Retrieved on: 
Tuesday, February 21, 2023

The Offering is being completed under the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, with Cormark Securities Inc. as lead agent.

Key Points: 
  • The Offering is being completed under the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, with Cormark Securities Inc. as lead agent.
  • The net proceeds from the Offering and Concurrent Placement will be used for working capital and general corporate purposes.
  • There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedar.com and www.pyrogenesis.com.
  • The Company and Mr. P. Peter Pascali believe that no corporate or securities laws have been breached, but cannot predict whether any enforcement action will result from the investigation.

Albertsons Companies, Inc. Reports Third Quarter Fiscal 2022 Results

Retrieved on: 
Tuesday, January 10, 2023

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2022, which ended December 3, 2022.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2022, which ended December 3, 2022.
  • Net sales and other revenue was $18.2 billion during the 12 weeks ended December 3, 2022 ("third quarter of fiscal 2022") compared to $16.7 billion during the 12 weeks ended December 4, 2021 ("third quarter of fiscal 2021").
  • Gross margin rate decreased to 28.2% during the third quarter of fiscal 2022 compared to 28.9% during the third quarter of fiscal 2021.
  • Interest expense, net was $84.3 million during the third quarter of fiscal 2022 compared to $111.3 million during the third quarter of fiscal 2021.

HEXO Reports Q4’22 and FY22 Financial Results

Retrieved on: 
Tuesday, November 1, 2022

GATINEAU, Québec, Oct. 31, 2022 (GLOBE NEWSWIRE) -- HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the “Company"), a leading producer of high-quality cannabis products, today reported its financial results for the fourth quarter (“Q4’22”) and fiscal year ended July 31, 2022 ("FY22"). All currency amounts are stated in Canadian thousands unless otherwise noted.

Key Points: 
  • GATINEAU, Qubec, Oct. 31, 2022 (GLOBE NEWSWIRE) -- HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the Company"), a leading producer of high-quality cannabis products, today reported its financial results for the fourth quarter (Q422) and fiscal year ended July 31, 2022 ("FY22").
  • The fourth quarter was a period of strategic realignment for HEXO, said Charlie Bowman, President and CEO of HEXO.
  • Re-financing of the senior secured convertible note deleverage the balance sheet and boosted cash reserves, allowing us to focus on profitable growth, said Julius Ivancsits, Acting Chief Financial Officer of HEXO.
  • HEXO recorded net revenue in FY22 of $191.1 million, up from $123.8 million from the fiscal year ended July 31, 2021 (FY21).

Xebec Seeks Creditor Protection Under the Companies’ Creditors Arrangement Act

Retrieved on: 
Thursday, September 29, 2022

The Corporation will provide a further update on these matters once more information is available.

Key Points: 
  • The Corporation will provide a further update on these matters once more information is available.
  • Xebecs legal advisors in connection with the CCAA and Chapter 15 proceedings are Osler, Hoskin & Harcourt LLP and McDonald Hopkins LLC.
  • By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs.
  • Except to the extent required by law, Xebec undertakes no obligation to publicly update or revise any forward-looking statements contained herein.

Superior Court of Québec Grants Final Order to Intertape Polymer Group Inc. Approving the Arrangement with an Affiliate of Clearlake Capital Group, L.P.

Retrieved on: 
Friday, May 13, 2022

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm, operating integrated businesses across private equity, credit, and other related strategies.

Key Points: 
  • Founded in 2006, Clearlake Capital Group, L.P. is an investment firm, operating integrated businesses across private equity, credit, and other related strategies.
  • With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake Capital Group, L.P.s operational improvement approach, O.P.S.
  • Clearlake Capital Group, L.P. currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.
  • The Company will not update these statements unless applicable securities laws require it to do so.

TC Transcontinental Stops the Distribution of Publisac in Mirabel

Retrieved on: 
Monday, April 25, 2022

As already indicated by TCTranscontinental, the opt-in distribution model adopted by the City of Mirabel is not viable for the door-to-door distribution of Publisac.

Key Points: 
  • As already indicated by TCTranscontinental, the opt-in distribution model adopted by the City of Mirabel is not viable for the door-to-door distribution of Publisac.
  • TC Transcontinental is therefore moving the distribution of its clients printed advertising material in Mirabel to Canada Post.
  • "We find it very unfortunate to have to discontinue the distribution of the Publisac in Mirabel after more than 30 years of operations in the City, and we regret the disappearance of 16 jobs", said Patrick Brayley, Senior Vice-President, Distribution at TCTranscontinental.
  • Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 8,000 employees, the majority of which are based in Canada, the United States and Latin America.