Power Workers' Union Elects New Executive Leadership at 7th Quadrennial Election
, /CNW/ - The PWU represents the majority of the highly skilled workers in Ontario's generation, transmission, and distribution sectors.
Delegates elected from across Ontario gathered from June 24 to 26 for the Power Workers' Union's (PWU) 7th Quadrennial Election Convention, where the union's Executive Committee for the next four years was democratically elected. Andrew Clunis was elected as the new President of the PWU. Clunis, a long-time advocate for workers' rights and experienced union leader, will serve a four-year term. "The PWU is a strong democratic union, and I'm honored and humbled to serve as President for the next four years," said Clunis. "I look forward to continuing the strong advocacy for our members, which the PWU is known for".
Also elected to the PWU Executive Committee were:
The new PWU Executive Committee will continue to maintain a high level of representation for its members and remain focused on creating high-skilled, high-paying jobs, ensuring environmentally responsible, reliable, and affordable power, and supporting economic growth for Ontario.
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Cision Canada
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Tecsys Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2025
SaaS Revenue Up 29% Driving Record Revenue Quarter, Adjusted EBITDA i Up 55% MONTREAL, June 26, 2025 /CNW/ -- Tecsys Inc. (TSX: TCS), an industry-leading supply chain management SaaS company, today announced its results for the fourth quarter and full year of fiscal 2025, ended April 30, 2025. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS). "Fiscal 2025 was a strong year for Tecsys, with 29% SaaS revenue growth and expanded market opportunity," said Peter Brereton, president and CEO at Tecsys. "We delivered 39% full year Adjusted EBITDAi growth and ended the year with a record professional services backlogii. We expanded our global footprint with key strategic activities and achieved a healthy mix of new logos, base expansions and complex distribution wins across multiple geographies. The recent launch of TecsysIQ reflects our commitment to deepening customer value through our continued investment in AI innovation. We believe these results and initiatives position us well to continue scaling profitably into fiscal 2026." Mark Bentler, chief financial officer of Tecsys Inc., added, "We had a strong $6.5 million SaaS bookings ii quarter, with record Q4 revenue and 55% Q4 Adjusted EBITDA i growth underscoring our solid execution. We have decided to increase our investment in R&D and marketing in fiscal 2026 to drive SaaS margin growth and SaaS revenue growth, respectively. As a result, we are revising our fiscal 2026 Adjusted EBITDA i margin guidance to 8-9% and expect Adjusted EBITDA i growth in the range of 20-30%." Fourth Quarter Highlights: SaaS revenue increased by 29% to $18.4 million, up from $14.2 million in Q4 2024. SaaS subscription bookings ii (measured on an ARR ii basis) were $6.5 million compared to $8.0 million in the fourth quarter of fiscal 2024. SaaS Remaining Performance Obligation (RPO ii) increased by 10% to $216.7 million at April 30, 2025, up from $196.9 million at the same time last year. Total revenue increased to a record $46.6 million compared to $44.0 million in Q4 2024. Net profit was $1.7 million ($0.12 per basic share or $0.11 per fully diluted share) in Q4 2025, compared to $0.3 million or $0.02 per fully diluted share for the same period in fiscal 2024. Adjusted EBITDA i was $4.3 million compared to $2.8 million reported in Q4 last year. In the fourth quarter of fiscal 2025, Tecsys acquired 22,800 of its outstanding common shares for approximately $0.9 million as part of its ongoing Normal Course Issuer Bid, compared to 128,300 common shares acquired in the same period last year for approximately $5.0 million. Fiscal 2025 Highlights: SaaS revenue increased by 29% to $67.1 million, up from $51.9 million in fiscal 2024. SaaS subscription bookings ii (measured on an ARR ii basis) were $17.3 million compared to $18.6 million in fiscal 2024. Total revenue increased to a record $176.5 million compared to $171.2 million in fiscal 2024. Net profit was $4.5 million, or $0.30 per fully diluted share in fiscal 2025, compared to a net profit of $1.8 million, or $0.13 per fully diluted share, for fiscal 2024. Adjusted EBITDA i was $13.4 million compared to $9.6 million in fiscal 2024. In Fiscal 2025, Tecsys acquired 172,200 of its outstanding common shares for approximately $6.9 million as part of its ongoing Normal Course Issuer Bid, compared to 204,500 common shares acquired in the same period last year for approximately $7.2 million. Financial Guidance: Tecsys is providing financial guidance as follows: On June 26, 2025, the Company declared a quarterly dividend of $0.085 per share to be paid on August 1, 2025, to shareholders of record on July 11, 2025. Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be "eligible" dividends. Q4 and FY2025 Financial Results Conference Call Date: June 27, 2025 Time: 8:30 a.m. ET Phone number: 800-836-8184 or 646-357-8785 The call can be replayed until July 4, 2025, by calling: 888-660-6345 or 646-517-4150 (access code: 07914#) i See Non-IFRS Performance Measures in Management's Discussion and Analysis of the 2025 Financial Statements. ii See Key Performance Indicators in Management's Discussion and Analysis of the 2025 Financial Statements. About Tecsys Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys' offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit Forward Looking Statements The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.'s business can be found in the MD&A section of the Company's annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website ( and on SEDAR+ ( Copyright © Tecsys Inc. 2025. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners. Non-IFRS Measures Reconciliation of EBITDA and Adjusted EBITDA EBITDA is calculated as earnings before interest expense, interest income, income taxes, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA before stock-based compensation and restructuring costs. The exclusion of interest expense, interest income, income taxes and restructuring costs eliminates the impact on earnings derived from non-operational activities and non-recurring items, and the exclusion of depreciation, amortization and stock-based compensation eliminates the non-cash impact of these items. The Company believes that these measures are useful measures of financial performance without the variation caused by the impacts of the items described above and that could potentially distort the analysis of trends in our operating performance. In addition, they are commonly used by investors and analysts to measure a company's performance, its ability to service debt and to meet other payment obligations, or as a common valuation measurement. Excluding these items does not imply that they are necessarily non-recurring. Management believes these non-IFRS financial measures, in addition to conventional measures prepared in accordance with IFRS, enable investors to evaluate the Company's operating results, underlying performance and future prospects in a manner similar to management. Although EBITDA and Adjusted EBITDA are frequently used by securities analysts, lenders and others in their evaluation of companies, they have limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of the Company's results as reported under IFRS. The reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable IFRS measure is provided below. Consolidated Statements of Financial Position (In thousands of Canadian dollars) April 30, 2025 April 30, 2024 Assets Current assets Cash and cash equivalents $ 27,580 $ 18,856 Short-term investments 11,712 16,713 Accounts receivable 23,943 22,090 Work in progress 7,436 4,248 Other receivables 274 134 Tax credits 6,390 6,422 Inventory 1,870 1,359 Prepaid expenses and other 10,699 9,143 Total current assets 89,904 78,965 Non-current assets Other long-term receivables and assets 1,457 421 Tax credits 6,120 4,737 Property and equipment 1,164 1,372 Right-of-use assets 836 1,251 Contract acquisition costs 5,017 4,478 Deferred development costs 3,838 2,683 Other intangible assets 6,726 7,703 Goodwill 17,827 17,363 Deferred tax assets 7,521 9,073 Total non-current assets 50,506 49,081 Total assets $ 140,410 $ 128,046 Liabilities Current liabilities Accounts payable and accrued liabilities 22,367 20,030 Deferred revenue 45,025 36,211 Lease obligations 590 812 Total current liabilities 67,982 57,053 Non-current liabilities Other long-term accrued liabilities 33 496 Deferred tax liabilities 405 826 Lease obligations 728 1,302 Total non-current liabilities 1,166 2,624 Total liabilities $ 69,148 $ 59,677 Equity Share capital $ 57,573 $ 52,256 Contributed surplus 4,755 9,417 Retained earnings 7,700 8,121 Accumulated other comprehensive income (loss) 1,234 (1,425) Total equity attributable to the owners of the Company 71,262 68,369 Total liabilities and equity $ 140,410 $ 128,046 Consolidated Statements of Income and Comprehensive Income (loss) (In thousands of Canadian dollars, except per share data) Three Months Ended Twelve Months Ended April 30, April 30, 2025 2024 2025 2024 Revenue: SaaS $ 18,375 $ 14,191 $ 67,071 $ 51,918 Maintenance and Support 7,910 8,140 32,470 33,957 Professional Services 16,213 14,390 57,665 55,188 License 294 282 1,811 1,386 Hardware 3,763 6,952 17,437 28,793 Total revenue 46,555 43,955 176,454 171,242 Cost of revenue 22,712 23,341 91,161 92,853 Gross profit 23,843 20,614 85,293 78,389 Operating expenses: Sales and marketing 9,695 8,437 36,152 32,976 General and administration 3,373 3,264 12,646 11,844 Research and development, net of tax credits 7,665 7,435 29,315 29,514 Restructuring costs - 2,122 - 2,122 Total operating expenses 20,733 21,258 78,113 76,456 Profit (loss) from operations 3,110 (644) 7,180 1,933 Other (costs) income (98) 122 255 557 Profit (loss) before income taxes 3,012 (522) 7,435 2,490 Income tax expense (benefit) 1,302 (781) 2,976 641 Net profit $ 1,710 $ 259 $ 4,459 $ 1,849 Other comprehensive income (loss): Effective portion of changes in fair value on designated revenue hedges 7,662 (2,187) 1,941 (1,086) Exchange differences on translation of foreign operations 486 102 718 (322) Comprehensive income (loss) $ 9,858 $ (1,826) $ 7,118 $ 441 Basic earnings per common share $ 0.12 $ 0.02 $ 0.30 $ 0.13 Diluted earnings per common share $ 0.11 $ 0.02 $ 0.30 $ 0.13 Consolidated Statements of Cash Flows (In thousands of Canadian dollars) Three Months Ended Twelve Months Ended April 30, April 30, 2025 2024 2025 2024 Cash flows from operating activities: Net profit $ 1,710 $ 259 $ 4,459 $ 1,849 Adjustments for: Depreciation of property and equipment and right-of-use-assets 349 361 1,473 1,477 Amortization of deferred development costs 184 147 769 583 Amortization of other intangible assets 320 347 1,304 1,493 Interest expense (income) and foreign exchange loss (gain) 98 (122) (255) (557) Unrealized foreign exchange and other (1,204) 481 (605) (569) Non-refundable tax credits (588) (596) (2,530) (1,961) Stock-based compensation 536 531 2,951 2,301 Income taxes 2,125 65 2,346 519 Net cash from operating activities excluding changes in non-cash working capital items related to operations 3,530 1,473 9,912 5,135 Accounts receivable (2,299) 2,714 (1,728) 764 Work in progress (348) (856) (3,152) (2,518) Other receivables and assets 68 (135) (278) 1 Tax credits (963) (728) 16 113 Inventory 69 544 (507) (327) Prepaid expenses (422) 299 (993) (646) Contract acquisition costs (919) (784) (1,090) (1,045) Accounts payable and accrued liabilities 1,851 (3,052) 2,962 (2,455) Deferred revenue 6,311 5,506 8,766 5,833 Changes in non-cash working capital items related to operations 3,348 3,508 3,996 (280) Net cash provided by operating activities 6,878 4,981 13,908 4,855 Cash flows from financing activities: Payment of lease obligations (209) (193) (816) (786) Payment of dividends (1,261) (1,175) (4,880) (4,560) Interest paid (15) (27) (82) (163) Issuance of common shares on exercise of stock options 3,070 3,897 4,638 6,964 Shares repurchased and cancelled (943) (5,010) (6,934) (7,215) Net cash provided by (used in) financing activities 642 (2,508) (8,074) (5,760) Cash flows from investing activities: Interest received 13 6 72 97 Transfers from short-term investments - - 5,570 40 Acquisitions of property and equipment (331) (144) (828) (599) Deferred development costs (592) (203) (1,924) (1,012) Net cash (used in) provided by investing activities (910) (341) 2,890 (1,474) Net Increase (decrease) in cash and cash equivalents during the period 6,610 2,132 8,724 (2,379) Cash and cash equivalents - beginning of period 20,970 16,724 18,856 21,235 Cash and cash equivalents - end of period $ 27,580 $ 18,856 $ 27,580 $ 18,856 Consolidated Statements of Changes in Equity (In thousands of Canadian dollars, except number of shares) Share capital Number Amount Contributed Surplus Accumulated other comprehensive (loss) income Retained earnings Total Balance, May 1, 2024 14,840,150 $ 52,256 $ 9,417 $ (1,425) $ 8,121 $ 68,369 Net profit - - - - 4,459 4,459 Other comprehensive income: Effective portion of changes in fair value on designated revenue hedges - - - 1,941 - 1,941 Exchange difference on translation of foreign operations - - - 718 - 718 Total comprehensive income - - - 2,659 4,459 7,118 Shares repurchased and cancelled (172,200) (618) (6,316) - - (6,934) Stock-based compensation - - 2,951 - - 2,951 Dividends to equity owners - - - - (4,880) (4,880) Share options exercised 168,170 5,935 (1,297) - - 4,638 Total transactions with owners of the Company (4,030) $ 5,317 (4,662) $ - $ (4,880) $ (4,225) Balance, April 30, 2025 14,836,120 $ 57,573 4,755 $ 1,234 $ 7,700 $ 71,262 Balance, May 1, 2023 14,582,837 $ 44,338 15,285 $ (17) $ 10,832 $ 70,438 Net profit - - - - 1,849 1,849 Other comprehensive (loss) income: Effective portion of changes in fair value on designated revenue hedges - - - (1,086) - (1,086) Exchange difference on translation of foreign operations - - - (322) - (322) Total comprehensive (loss) income - - - (1,408) 1,849 441 Shares repurchased and cancelled (204,500) (684) (6,531) - - (7,215) Stock-based compensation - - 2,301 - - 2,301 Dividends to equity owners - - - - (4,560) (4,560) Share options exercised 461,813 8,602 (1,638) - - 6,964 Total transactions with owners of the Company 257,313 $ 7,918 (5,868) $ - $ (4,560) $ (2,510) Balance, April 30, 2024 14,840,150 $ 52,256 9,417 $ (1,425) $ 8,121 $ 68,369 SOURCE Tecsys Inc.
Cision Canada
an hour ago
- Cision Canada
Canada Nickel Announces Closing of Brokered Private Placement for Gross Proceeds of C$13 Million and Provides Update on Additional Financings Bringing Aggregate Gross Proceeds from Private Placements to C$19.4 Million
TORONTO, June 26, 2025 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel" or the " Company") (TSXV: CNC) is pleased to announce the closing of the Company's previously announced "best efforts" private placement (the " Brokered Offering") for gross proceeds of C$13,000,750, which includes the full exercise of the agent's option. Under the Brokered Offering, the Company sold 15,295,000 units of the Company (the " Brokered Units") at a price of C$0.85 per Brokered Unit. Each Brokered Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a " Warrant"). Each Warrant entitles the holder to purchase one common share of the Company at a price of C$1.20 at any time on or before June 26, 2028. Red Cloud Securities Inc. and Scotiabank acted as co-lead agents and joint bookrunners, on behalf of a syndicate of agents that included Cormark Securities Inc. and Haywood Securities Inc. (collectively, the " Agents") in connection with the Brokered Offering. As consideration for their services in the Brokered Offering, the Agents received a cash commission of approximately C$649,527 and were issued 764,148 non-transferable common share purchase warrants (the " Broker Warrants"). Each Broker Warrant is exercisable into one common share of the Company at a price of C$0.85 per at any time on or before June 26, 2028. The Company also paid a cash finders' fee of C$22,193 and issued an aggregate of 26,109 non-transferrable finders' warrants (the " Finder Warrants") to certain other eligible parties who introduced subscribers to the Brokered Offering. Each Finder Warrant is exercisable into one common share of the Company at a price of C$0.85 per at any time on or before June 26, 2028. The Company is also pleased to announce that Agnico Eagle Mines Limited (" Agnico Eagle") has notified the Company that it intends to exercise its pro rata equity participation right pursuant to the investor rights agreement between Agnico Eagle and the Company dated December 29, 2023 and purchase 2,201,259 units of the Company (the " Non- Brokered Units") at a price of C$0.85 per Non-Brokered Unit under a non-brokered private placement (the " Non- Brokered Placement") for additional gross proceeds to the Company of approximately C$1,871,070. Each Non-Brokered Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a " Non- Brokered Warrant"). Each Non-Brokered Warrant will entitle the holder to purchase one common share of the Company at a price of C$1.20 at any time on or before that date which is 36 months after the closing date of the Non-Brokered Placement. Following the closing of the Offerings (as defined herein), it is estimated that Agnico Eagle will hold approximately 10.1% of the Company's issued and outstanding common shares on a non-diluted basis, and 13.3% on a partially-diluted basis (assuming exercise of all the warrants of the Company that will be held by Agnico Eagle). As announced on June 23, 2025, the Company's non-brokered private placement (the " Flow-Through Offering", and collectively with the Brokered Offering and Non-Brokered Placement, the " Offerings") for the sale of 4,245,750 common shares of the Company that qualify as "flow-through shares" (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the " FT Shares", and collectively with the Brokered Units and Non-Brokered Units, the " Offered Securities") at a price of C$1.06 per FT Share for gross proceeds of C$4,500,495 is fully subscribed. The aggregate gross proceeds to the Company from the Offerings will be approximately C$19,372,315. The Company plans to use the net proceeds of the Brokered Offering and the Non-Brokered Placement for the advancement of the Company's wholly owned Crawford Nickel Sulphide Project as well as for working capital and general corporate purposes. The gross proceeds from the Flow-Through Offering will be used by the Company to incur (or be deemed to incur) eligible resource exploration expenses that will qualify as (i) "Canadian exploration expenses" (as defined in the Income Tax Act (Canada)), (ii) "flow-through critical mineral mining expenditures" (as defined in subsection 127(9) of the Income Tax Act (Canada)), and (iii) "eligible Ontario critical mineral exploration expenditures" within the meaning of subsection 103(4.1) of the Taxation Act, 2007 (Ontario) (collectively, the " Qualifying Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026, and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025. The Brokered Offering remains subject to the final approval of the TSX Venture Exchange (the " TSX-V"). Both the Flow-Through Offering and Non-Brokered Placement are scheduled to close on or around July 4, 2025, subject to receipt of all required approvals, including the approval of the TSX-V. The securities issued or to be issued pursuant to the Offerings to purchasers in Canada are or will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws. The Brokered Units were offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 – Distributions Outside Canada and, accordingly, the securities issued pursuant to the Brokered Offering to purchasers outside of Canada are not subject to a four-month hold period in Canada. The Broker Warrants, the Finder Warrants and the securities issuable upon exercise thereof are subject to a four-month hold period pursuant to applicable Canadian securities laws. Certain directors of the Company subscribed for an aggregate 435,295 Brokered Units under the Brokered Offering on the same terms as arm's length investors. The participation of the directors in the Brokered Offering constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Brokered Offering in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to the directors nor the fair market value of the consideration for the securities issued to the directors exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101. The Company did not file a material change report containing all of the disclosure required by MI 61-101 more than 21 days before the expected closing date of the Brokered Offering as the aforementioned insider participation had not been confirmed at that time and the Company wished to close the Brokered Offering as expeditiously as possible. The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. About Canada Nickel Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit For further information, please contact: Mark Selby, CEO Phone: 647-256-1954 Email: [email protected] Cautionary Statement Concerning Forward-Looking Statements This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information in this press release includes, but is not limited to: structure and terms of the Flow-Through Offering and Non-Brokered Placement, the anticipated closing date of the FT Offering and the Non-Brokered Placement, the intended use of proceeds of the Offerings, and approval of the Offerings by the TSX-V. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the Company's properties, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
an hour ago
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ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES PUBLICATION OF 2024 ESG REPORT
WINNIPEG, MB, June 26, 2025 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: announced today that it has published its annual Environmental, Social and Governance ("ESG") Report, providing an update on the REIT's ESG practices, policies and objectives and highlighting the progress made in 2024. "This year, we remained steadfast in our commitment to environmental stewardship and transparency through reporting and disclosure," said Samir Manji, President and Chief Executive Officer of Artis. "In 2024, we submitted to GRESB, pursued new and creative ways of collecting consumption data for spaces within our portfolio that are tenant controlled, participated in and led various events for the betterment of our employees and the communities in which we operate, and reviewed and improved our governance policies. We continue to focus on and prioritize initiatives that demonstrate our dedication to creating a lasting positive impact on the world around us." A copy of Artis's 2024 ESG Report can be accessed on the REIT's website at the following link: Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to become a best-in-class real estate asset management and investment platform focused on value investing. For further information please contact Mr. Samir Manji, President and Chief Executive Officer, Ms. Jaclyn Koenig, Chief Financial Officer, or Ms. Heather Nikkel, Senior Vice-President – Investor Relations and Sustainability of the REIT at 1.204.947.1250.
