The Week in Canadian Press Releases: 10 Stories You Need to See
A roundup of the most newsworthy press releases from Cision Distribution this week
TORONTO, Oct. 27, 2023 /CNW/ - With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
Diamond and Diamond Files Class Action Suit against York University and York Federation of Students "York University has not upheld its commitment to its own guidelines and policies, particularly those vital for ensuring student safety," states Sandra Zisckind, Managing Partner at Diamond and Diamond Lawyers. "Owning the campus space in question, they are legally obligated to demonstrate accountability." The plaintiffs are looking for immediate action to ensure their safety and prevent future incidents.
Circle K Joins Forces with DC to Debut Limited Edition HeroBadge Collectibles The fun doesn't stop there. By scanning HeroBadges on https://dc.games.circlek.com/, customers can enter for a chance to win a trip to Warner Bros. Studio Tour Hollywood in California or one of the weekly DC Super Hero swag prizes, including items like skateboard decks, exclusive throw blankets, framed all arts, thermal water bottles and more. Users can engage in themed Match & Win games for a chance at in-store instant prizes such as sweat treats and drinks! Additionally, licensed DC plush toys of Superman, Batman, Wonder Woman and Harley Quinn are available for purchase in select stores.
RECONAFRICA ENGAGES INDEPENDENT TRADING GROUP AS MARKET MAKER It is anticipated that ITG will trade shares of the Company on the TSXV and other trading venues as applicable with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the ITG Agreement, ITG will receive compensation of CAD$6,000 per month, payable monthly in advance. The ITG Agreement is for an initial term of three months and will renew for additional one-month terms unless terminated by either party. The ITG Agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the ITG Agreement and ITG will not receive shares or options as compensation. ITG is not affiliated with the Company.
OUTFRONT Media to Divest its Canadian Business to Bell Media Stewart Johnston, Senior Vice-President, Sales and Sports of Bell Media, said: "The out of home category continues to grow in importance as a mass reach advertising vehicle, while digital formats allow for greater targeting capabilities. OUTFRONT's diverse array of Canadian assets reinforces Astral's dedication to delivering impactful, multi-channel marketing solutions, while accelerating Bell Media's digital strategy. The synergy between OUTFRONT's established expertise and our commitment to driving innovation will provide clients with tremendous opportunities on a true coast-to-coast footprint."
Aurora Cannabis Announces Settlement of Patent Litigation Aurora commenced a patent infringement action in July 2021, alleging that Willow's biosynthetic process for synthesizing cannabinoids infringed Aurora's exclusive rights to patents co-owned by the University of Saskatchewan and the National Research Council (NRC). The technology of the asserted patents was invented by Anandia co-founder and former Chief Science Officer at Aurora, Jonathan Page and his colleagues, following their work at the University of Saskatchewan and the NRC, identifying key enzymes and corresponding genes in the biosynthetic pathways of cannabis plants.
Aecon Announces $150 Million Strategic Investment in Aecon Utilities Group by Oaktree "We are delighted to partner with an experienced and value-added investor in Oaktree to continue to grow Aecon Utilities in Canada and the U.S.," said Eric MacDonald, Executive Vice President, Aecon Utilities. "Aecon Utilities is widely known as a leading provider of mission critical recurring utility infrastructure services across Canada. We see tremendous opportunity to leverage its capabilities to expand with new and existing customers while maintaining the commitment to workforce safety and exceptional quality for which Aecon Utilities is known," said Andrew Moir, Senior Vice President in Oaktree's Power Opportunities Group.
Air Canada Unveils First Upgraded Airbus A321 with an All New Interior and Industry-Leading Cabin Technology Air Canada is continuing to invest in customer comfort across its fleet of Airbus A321s and A320s which will feature a new cabin interior, new technologies and services such as Bluetooth audio, and free high-speed internet sponsored by Bell. The new cabin also reduces the overall weight of the A321 by approximately 240 kilograms, which will reduce fuel consumption for the entire fleet once the work is completed by more than 2.4 million litres and reduce GHG emissions by 6,256 tCO2 equivalent per year, or the equivalent of the electricity used annually by 4,185 Canadian homes.
RECONAFRICA ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF ITS MEXICO OPERATIONS Pursuant to a Share Purchase Agreement entered into between Chame Energy Corporation ("Chame") and the Company (the "Agreement"), Chame has agreed to purchase all of the issued and outstanding shares of Renaissance Oil Corp. ("RenCan"), a wholly-owned subsidiary of the Company. RenCan, through its subsidiaries, owns all of the Company's assets in Mexico. The effective date of the Agreement is October 25, 2023, with closing subject to acceptance by the TSX Venture Exchange ("TSXV"). Chame is not a Non-Arms Length Party of the Company, as defined in the policies of the TSXV.
CANADA GROWTH FUND ANNOUNCES FIRST INVESTMENT CGF's investment takes the form of a direct commitment of $90M of Series B preferred equity in Eavor, which will allow the Company to scale-up its business while retaining intellectual property and creating jobs in Canada. This investment will accelerate the deployment of Eavor-Looptm, which leverages Canada's talent and expertise to catalyze the next generation of global geothermal innovation. Eavor-Looptm has the potential to significantly reduce GHG emissions globally and in Canada. Eavor's growth will increase its employment footprint in Canada given that the engineering design work is completed from its corporate headquarters in downtown Calgary.
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Stratolaunch announces the completion of a second captive carry flight with the first powered Talon-A hypersonic vehicle, TA-1. The flight was the thirteenth for the company's launch platform Roc and the second in which the aircraft carried a Talon...
John Wooden's extraordinary and enduring contributions to college basketball and the athletic community worldwide were lauded during the Postal Service's dedication ceremony for the new stamp in his honor at UCLA....
Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing. The Company's American depositary...
The Board of Directors of Albany International Corp. today declared a quarterly dividend of $0.26 per share on the Company's Class A Common Stock. The dividend is payable April 5, 2024, to shareholders of record on March 15, 2024.
Air Canada said today it will cap fares and add more than 6,000 seats in select markets operated by Lynx Air in response to the airline's announcement that it is suspending operations beginning February 26, 2024. The measures are to provide Lynx Air...
Albany International Corp. announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.
Ms. Lind, age 65, served as Sr. Vice President, CFO & Treasurer...