Brookfield bids for Aussie retirement community company Gateway Lifestyle

Brookfield bids for Aussie retirement community company Gateway Lifestyle
TORONTO — Brookfield Property Group has made a non-binding takeover offer for Gateway Lifestyle worth the equivalent of C$686 million, topping a rival bid for the Australian firm last week. The arm of Brookfield Asset Management Inc. is offering AU$2.30 per stapled security valuing the retirement community company at about AU$698.6 million. The proposal tops an offer last week by U.S.... Read More

Cannabis producer Tilray files for public offering on Nasdaq stock exchange

Cannabis producer Tilray files for public offering on Nasdaq stock exchange
NANAIMO, B.C. — Cannabis producer Tilray Inc. has filed for a proposed initial public offering on the Nasdaq stock exchange. The Nanaimo, B.C.-based company says it has not determined the number of shares to be offered or the price range for the offering. It will trade under the symbol TLRY. The company says it does not intent to list on any... Read More

Aurora Cannabis to spin off U.S. holdings to publicly traded Australis Capital

Aurora Cannabis to spin off U.S. holdings to publicly traded Australis Capital
EDMONTON — Aurora Cannabis Inc. is planning to spin off its Australis Capital subsidiary as a separate entity that would focus primarily on investing in the U.S. cannabis and real estate sectors. The spin-off will be achieved by distributing shares and warrants of the new company — to be listed on the Canadian Security Exchange. “The fragmented U.S. cannabis market has... Read More

Baytex Energy and Raging River Exploration sign merger deal

Baytex Energy and Raging River Exploration sign merger deal
CALGARY — Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions... Read More

Arizona Mining shares up on takeover offer by Australian company South32

Arizona Mining shares up on takeover offer by Australian company South32
VANCOUVER — Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion. Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not... Read More

Canada Goose shares up after better-than-expects results, plans three new stores

Canada Goose shares up after better-than-expects results, plans three new stores
TORONTO — Shares of Canada Goose Holdings Inc. soared nearly 20 per cent in early trading after it reported stronger-than-expected earnings and announced plans for three new stores in North America. Canada Goose shares were up $11.56 or 19.27 per cent at $71.55 in trading on the Toronto Stock Exchange after going as high as $78.30. The increase came as... Read More

Husky wants to build Saskatchewan oil pipeline, replace one that leaked in 2016

Husky wants to build Saskatchewan oil pipeline, replace one that leaked in 2016
PRINCE ALBERT, Sask. — The company behind the 2016 oil spill that fouled the North Saskatchewan River and threatened the water supply of Prince Albert and other communities wants to build new pipelines to replace the structure that leaked. Husky Energy held an open house Wednesday in Prince Albert to discuss its proposal. Calgary-based Husky says its plan calls for... Read More

AltaGas sells 35% of B.C. hydro operation, will remain majority owner

AltaGas sells 35% of B.C. hydro operation, will remain majority owner
CALGARY — AltaGas Ltd. says it has an agreement to sell 35 per cent of its interest in a B.C. hydroelectric operation for $922 million but will remain the majority owner of the power generation facilities. The Northwest British Columbia Hydro Electric Facilities are in Tahltan First Nation territory. They include three operating hydroelectric power generation plants that sell their output to BC... Read More

Roots reports bigger Q1 loss as sales hampered by winter storm

Roots reports bigger Q1 loss as sales hampered by winter storm
TORONTO — Roots Corp. reported a loss of $5.6 million in its fiscal first quarter, an increase from the prior year, but also reported an improvement in sales. The loss amounted to 13 cents per share, compared with last year’s loss of $5.1 million, or 12 cents per share. Its adjusted net loss was $4.5 million or 11 cents per share,... Read More

Aurora Cannabis buying Anandia Laboratories in all-stock deal valued at $115M

Aurora Cannabis buying Anandia Laboratories in all-stock deal valued at $115M
EDMONTON — Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million. Anandia provides research and development services as well as analytical testing for clients licensed under Canada’s medical cannabis rules. Aurora CEO Terry Booth says the deal expands his company’s capabilities and will help accelerate product development. The companies... Read More