Alberta

Enbridge Day 2021

Retrieved on: 
Tuesday, November 30, 2021

Presentations and supporting materials will be posted to Enbridge's website in 'Events and Presentations ' the morning ofTuesday, December 7th.

Key Points: 
  • Presentations and supporting materials will be posted to Enbridge's website in 'Events and Presentations ' the morning ofTuesday, December 7th.
  • A webcast replay will be available by 4:00 pm ET on Tuesday, December 7th.
  • Enbridge Inc. is a leading North American energy infrastructure company.
  • We safely and reliably deliver the energy people need and want to fuel quality of life.

WestJet announces Karl Schuster as Executive Vice-President and Chief Loyalty Officer

Retrieved on: 
Monday, November 29, 2021

CALGARY, AB, Nov.29, 2021 /CNW/ -WestJet today announced the appointmentofKarl Schuster, as the airline's Executive Vice-President and Chief Loyalty Officer (CLO).Schuster will join the WestJet executive leadership teaminearly2022, followingthe completion of theimmigration process.

Key Points: 
  • CALGARY, AB, Nov.29, 2021 /CNW/ -WestJet today announced the appointmentofKarl Schuster, as the airline's Executive Vice-President and Chief Loyalty Officer (CLO).Schuster will join the WestJet executive leadership teaminearly2022, followingthe completion of theimmigration process.
  • Schuster has over 19 years of loyalty experience, including six years as Chief Executive Officer (CEO) of Velocity Frequent Flyer, Virgin Australia's award-winning loyalty program.
  • "We are looking forward to welcoming Karl to WestJet;his breadth of experience will elevate WestJet's loyalty program to new heights."
  • Members of the WestJet Rewards program earn and redeem WestJet dollars on flights, vacation packages, and more.

Capital Power and Enbridge Collaborate to Reduce CO₂ Emissions in Alberta

Retrieved on: 
Monday, November 29, 2021

"Capital Power is helping build a carbon-neutral future in Alberta by advancing the Genesee CCS Project at our Genesee Generating Station," said Chris Kopecky, Capital Power Senior Vice President and Chief Legal, Development and Commercial Officer.

Key Points: 
  • "Capital Power is helping build a carbon-neutral future in Alberta by advancing the Genesee CCS Project at our Genesee Generating Station," said Chris Kopecky, Capital Power Senior Vice President and Chief Legal, Development and Commercial Officer.
  • "We're excited to be partnering with Capital Power in support of their commitment to a low-carbon energy future," said Colin Gruending, Enbridge Executive Vice President and President, Liquids Pipelines.
  • The proposed project would serve Capital Power's Genesee Generating Station near Warburg, Alberta which currently provides over 1,200megawatts of baseload electricity generation to Albertans.
  • Capital Power (TSX: CPX) is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy headquartered in Edmonton, Alberta.

mCloud Announces Third Quarter 2021 Financial Results with Update on Operations

Retrieved on: 
Monday, November 29, 2021

The Company saw C$6.6 million in AssetCare Over Time revenues in Q3 2021, an uplift of 85% compared to the same period in 2020.

Key Points: 
  • The Company saw C$6.6 million in AssetCare Over Time revenues in Q3 2021, an uplift of 85% compared to the same period in 2020.
  • Gross margins for the First Nine Months 2021 were 64%, an improvement over the same period one year ago.
  • This was largely attributed to the reduced contributions of Engineering Services and AssetCare Initialization revenues, which carry a lower margin profile.
  • The Company will host a conference call to discuss the financial results for the First Nine Months 2021 at 10:00 a.m.

High Tide Closes Acquisition of NuLeaf Naturals

Retrieved on: 
Monday, November 29, 2021

High Tide Inc. (High Tide or the Company) (TSXV: HITI) (NASDAQ: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, is pleased to announce, that further to its press release dated November 22, 2021, the Company has completed its acquisition (the Acquisition) of an 80% interest in NuLeaf Naturals, LLC (NuLeaf) for US$31,240,000 (the Transaction), and will have a three-year option to acquire the remaining 20% of NuLeaf at any time.

Key Points: 
  • High Tide Inc. (High Tide or the Company) (TSXV: HITI) (NASDAQ: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, is pleased to announce, that further to its press release dated November 22, 2021, the Company has completed its acquisition (the Acquisition) of an 80% interest in NuLeaf Naturals, LLC (NuLeaf) for US$31,240,000 (the Transaction), and will have a three-year option to acquire the remaining 20% of NuLeaf at any time.
  • High Tide acquired 80% of NuLeaf for 4,429,809 common shares of High Tide (each a High Tide Share) valued at US$31,243,000 (the Consideration), on the basis of a deemed price of US$7.0529 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the Nasdaq for the ten consecutive trading days preceding the closing of the Acquisition.
  • In addition, High Tide has agreed to grant NuLeafs owners an option to put to High Tide the remaining interest in NuLeaf not held by High Tide (the Put Option), at the same enterprise value of the Call Option.
  • In connection with the closing of the Transaction, High Tide granted 60,000 stock options (the Options) to employees and consultants of NuLeaf, exercisable at CAD$8.02 per High Tide Share for a period of 3 years.

Harry Taylor becomes interim President and CEO of WestJet Group

Retrieved on: 
Monday, November 29, 2021

The WestJet group announced Taylor as the interim President and CEO on September 15, 2021, following news of Ed Sims retirement announced on June 9, 2021.

Key Points: 
  • The WestJet group announced Taylor as the interim President and CEO on September 15, 2021, following news of Ed Sims retirement announced on June 9, 2021.
  • "I am honoured to take on the interim role of CEO at this pivotal time for the WestJet Group, and am focused on our relentless commitment to safety above all while ensuring continuity for our recovery, as we rebuild our airlines for our guests and our people," said Harry Taylor, interim President and CEO.
  • "I am extremely pleased Harry has agreed to take on this interim role," said the WestJet Group Board Chair Chris Burley.
  • Harry Taylor joined WestJet in 2015 as Executive Vice-President and Chief Financial Officer (CFO).

CER has not approved Enbridge’s Canadian Mainline contracting proposal

Retrieved on: 
Friday, November 26, 2021

The Mainline is Canada's largest oil pipeline system, moving overthreemillion barrels per day of petroleum products to market.

Key Points: 
  • The Mainline is Canada's largest oil pipeline system, moving overthreemillion barrels per day of petroleum products to market.
  • The pipeline provides approximately 70 per cent of the total oil pipeline transportation capacity out of Western Canada.
  • Enbridge filed the Canadian Mainline Contracting Application on December 19, 2019.
  • The Canadian Mainline, which includes approximately 6,600 km of CER-regulated assets, originates in Edmonton, Alberta.

Canadian Pacific and Kansas City Southern Merger Proposal Receives Required Mexican Regulatory Approvals

Retrieved on: 
Friday, November 26, 2021

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (CP) and Kansas City Southern (NYSE: KSU) (KCS) today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission (COFECE) and the Mexican Federal Telecommunications Institute (IFT) for the previously announced proposed combination of KCS and CP.

Key Points: 
  • Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (CP) and Kansas City Southern (NYSE: KSU) (KCS) today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission (COFECE) and the Mexican Federal Telecommunications Institute (IFT) for the previously announced proposed combination of KCS and CP.
  • CPs and KCS stockholders are scheduled to vote on the proposed transaction on Dec. 8 and 10, 2021, respectively.
  • In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction.
  • CP-IR
    Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama.

The WestJet Group introduces comprehensive COVID-19 testing program for guests through AZOVA

Retrieved on: 
Friday, November 26, 2021

With AZOVA's app-based program, guests have access to a vast network of approved testing locations across Canada and the majority of WestJet transborder and international destinations.

Key Points: 
  • With AZOVA's app-based program, guests have access to a vast network of approved testing locations across Canada and the majority of WestJet transborder and international destinations.
  • Additionally, AZOVA offers rapid molecular self-administered testing options with video proctoring services that allow for testing and validation certificates.
  • "We've heard from our guests that pre-departure testing, and entry requirements are confusing, complex and inconsistent.
  • "Once you have received your test results, enter your AZOVA Credential ID into the AZOVA WestJet and Swoop site and receive a travel clearance on the AZOVA app for your destination.

mCloud Amends Existing Credit Facility with Addition of C$5 Million Accordion

Retrieved on: 
Friday, November 26, 2021

The ATB credit facility is a C$5,000,000 margined, demand operating loan facility.

Key Points: 
  • The ATB credit facility is a C$5,000,000 margined, demand operating loan facility.
  • This facility is available to pay out in full all indebtedness and liability owing to another financial institution, and thereafter, for the general corporate purposes of the Company.
  • As part of the amendment, ATB is providing an additional C$5,000,000 via an accordion, subject to lender consent.
  • Through mCloud's AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.