ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES VOTING RESULTS FROM THE 2025 ANNUAL MEETING OF UNITHOLDERS
WINNIPEG, MB, May 28, 2025 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced today the results of matters voted on at its annual meeting of unitholders held on May 27, 2025 (the "Meeting").
The total number of units represented by unitholders present in person or by proxy at the Meeting was 67,052,834, representing 67.76% of Artis's outstanding units.
Each of the nominees for election as trustee listed in the Management Information Circular dated April 15, 2025, was elected as trustee of Artis for the ensuing year to hold office from the close of the Meeting until the close of the next annual meeting of unitholders. Proxies were tabulated as follows:
All other matters set out in the Management Information Circular dated April 15, 2025, were approved by a majority of unitholders, including fixing the number of trustees at six, the reappointment of Deloitte LLP as external auditor of the REIT and the advisory vote on executive compensation.
Final results on all matters voted on at the Meeting are available on Artis's Sedar+ profile at www.sedarplus.ca.
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.
Suite 600 – 220 Portage Avenue
Winnipeg, MB R3C 0A5
T 204.947.1250 F 204.947.0453
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
25 minutes ago
- The Market Online
Datametrex acquires Arbutus Health and Wellness, expands Canadian healthcare footprint
Datametrex AI (TSXV:DM) has acquired Arbutus Health and Wellness Inc., a multidisciplinary medical clinic for 11 million shares Arbutus offers a comprehensive range of medical services under one roof, including walk-in care, family medicine, and skin laser treatments The company plans to continue investing in healthcare innovation and infrastructure Datametrex AI Ltd. stock (TSXV:DM) last traded at $0.12 Technology and healthcare-focused company, Datametrex AI (TSXV:DM) announced the acquisition of Arbutus Health and Wellness Inc., a multidisciplinary medical clinic based in Vancouver, British Columbia. The acquisition marks a major move by Datametrex to deepen its presence in the Canadian healthcare market. Arbutus Health and Wellness offers a comprehensive range of medical services under one roof, including walk-in care, family medicine, skin laser treatments, and other specialty healthcare services. Once fully operational, the clinic will be staffed by licensed healthcare professionals, enabling patients to access multiple services without the need for multiple referrals—a model aimed at improving efficiency and patient experience. Under the terms of the agreement, Datametrex acquired 100 per cent of the issued and outstanding shares of Arbutus Health in exchange for 11 million common shares of Datametrex, valued at $0.10 per share. Arbutus is now a wholly-owned subsidiary of Datametrex. Datametrex has not assumed any debt from Arbutus as part of the transaction. The acquisition does not constitute a fundamental change to Datametrex's business operations, nor is it expected to result in a change of control of the company. 'We are excited to finalize this agreement and are eager to integrate the Arbutus Health team into Datametrex,' Datametrex's CEO, Paul Haber said in a news release. 'This acquisition marks a key milestone in broadening our product portfolio and enhancing our presence in the healthcare sector.' The company plans to continue investing in healthcare innovation and infrastructure, leveraging its technological expertise to support the clinic's operations and patient services. Datametrex develops innovative solutions across technology, artificial intelligence and healthcare to enhance operational efficiencies and business outcomes. Datametrex AI Ltd. stock (TSXV:DM) last traded at $0.12 and though it has risen more than 9 per cent this week, it has lost more than 73 per cent since June 2024. Join the discussion: Find out what everybody's saying about this potentially undervalued microcap stock on the Datametrex AI Ltd. Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
30 minutes ago
- Cision Canada
HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION
Transaction secures existing contract manufacturing business bringing incremental volume, margin, synergies and growth opportunities Estimated to deliver USD $11 million annual run rate Adjusted EBITDA 1 from 2027, inclusive of current contract margin, incremental contribution margin and net cost synergies, with potential for further growth Further diversifies the High Liner Foods portfolio adding market leading brands sourced from high quality Alaskan White Fish, produced in U.S. manufacturing facilities Positions High Liner Foods for scale in U.S retail with incremental sales opportunities afforded by complementary distribution profile and customer relationships (1) This is a non-IFRS financial measure. For more information on non-IFRS financial measures, see "Non-IFRS Financial Measures" in our Fourth Quarter 2024 Management's Discussion and Analysis ("4Q2024 MD&A"). LUNENBURG, NS, June 6, 2025 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), a leading North American value-added frozen seafood company, today announced it has entered into a purchase agreement to acquire the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish products from Conagra Brands ("Conagra") for USD $55 million, inclusive of approximately USD $36 million in inventory. The purchase price is subject to a customary inventory adjustment. "This is a highly strategic and compelling opportunity for High Liner Foods that will serve as a catalyst for further growth in the U.S retail market," said Paul Jewer, President and Chief Executive Officer of High Liner Foods. "By taking full ownership of these well established and respected brands, we will capture additional value for our shareholders and ensure a seamless transition for existing customers. We look forward to offering choice and value to an expanded portfolio of customers and consumers in the growing U.S market." High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S based manufacturing facilities, an average of 25 million pounds annually. Today's transaction secures the volume associated with the Company's current contract with Conagra which is due to expire in 2027. It is anticipated to increase High Liner Foods' annual volume from this business to a total of approximately 29 million pounds of fish procured, processed and sold in the U.S, aligned with the Company's strategy to continue to diversify its global supply chain. Before reaching the anticipated annual run rate of USD $11 million Adjusted EBITDA in 2027, which is inclusive of current contract margin, incremental contribution and synergies, the transaction is anticipated to generate incremental Adjusted EBITDA for 2026 of approximately USD $4 million on top of existing contract margins. The Company anticipates approximately 12 – 18 months of ramp-up time to realize synergies from across the Company's operations which are reflected, after transaction costs, in the estimated annual run rate from 2027 onwards. The transaction is expected to be slightly accretive to Adjusted EBITDA starting in the second half of 2025. Mrs. Paul's and Van de Kamp's are leading brands in the frozen breaded and battered category in U.S retail with high consumer awareness. High Liner Foods intends to leverage the brands' strong conversion metrics and brand equity to drive incremental sales of its diversified portfolio of branded and value-added retail products through an expanded distribution network and a significant national base of new retail customers. The Company will fund the transaction from its existing ABL facility. The transaction is expected to close at the end of June 2025, subject to customary closing conditions. Mr. Jewer concluded, "This strategic transaction is one example of the steps we are taking to position High Liner Foods for future growth, leveraging our healthy balance sheet today to secure profitable volume and incremental growth for years to come. We have a clear line of sight to significant synergies that will strengthen our performance over time through operational efficiencies and incremental sales opportunities." Advisors BMO Capital Markets acted as exclusive financial advisor to High Liner Foods in connection with the transaction. Goodwin Procter LLP served as legal counsel to High Liner Foods. Non-IFRS Measures The Company reports its financial results in accordance with International Financial Reporting Standards ("IFRS"). Included in this press release are the following non-IFRS financial measures: Adjusted EBITDA. The Company believes this non-IFRS financial measure provides useful information to both management and investors in measuring the financial performance and financial condition of the Company for the reasons outlined below. This measure does not have any standardized meaning as prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should it be construed as an alternative to other financial measures determined in accordance with IFRS. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization adjusted for items that are not considered representative of ongoing operational activities of the business. We use Adjusted EBITDA as a performance measure as it approximates cash generated from operations before capital expenditures and changes in working capital, and it excludes the impact of expenses and recoveries associated with certain non-routine items that are not considered representative of the ongoing operational activities, as discussed above, and share-based compensation expense related to the Company's share price. We believe investors and analysts also use Adjusted EBITDA to evaluate the performance of our business. The most directly comparable IFRS measure to Adjusted EBITDA is "Net income" on the consolidated statements of income. Adjusted EBITDA is also useful when comparing to other companies, as it eliminates the differences in earnings that are due to how a company is financed. Also, for the purpose of certain covenants on our credit facilities, "EBITDA" is based on Adjusted EBITDA, with further adjustments as defined in the Company's credit agreements. For a reconciliation of Adjusted EBITDA to net income, refer to the Company's MD&A for the fifty-two weeks ended December 28, 2024 which is available on SEDAR+ at Forward Looking Statements This press release contains forward-looking information within the meaning of applicable securities laws, including, but not limited to, statements regarding the Company's acquisition of the Mrs. Paul's and Van de Kamp's brands and associated inventories, the expected timing for closing such acquisition, the anticipated benefits and synergies from such acquisition, the future financial and operational performance of the Company and the business to be acquired, including Adjusted EBITDA, financing of the acquisition, and the business strategies and operational activities of the Company and the markets and industries in which it operates. Forward-looking statements are based on information currently available to the Company and management's estimates, expectations and assumptions, which we believe are reasonable as of the current date but may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information include, but are not limited to: availability, demand and prices of raw materials, energy and supplies; expectations with regards to sales volume, earnings, product margins, product innovations, brand development and anticipated financial performance; the ability to develop new and innovative products that result in increased sales and market share; the maintenance of existing customer and supplier relationships; manufacturing facility efficiency; the ability of the Company to reduce operating and supply chain costs; the condition of the Canadian and American economies; product pricing; foreign exchange rates, especially the rate of exchange of the CAD to the USD; the ability to attract and retain customers; operating costs and improvement to operating efficiencies; interest rates; continued access to capital; the competitive environment and related market conditions; the ability of the Company to execute and integrate the acquisition; and the general assumption that none of the risks identified below will materialize. Forward-looking statements are also subject to risks and uncertainties, including, but not limited to, risks relating to the inability to successfully transition and integrate the business acquired following closing, the risk that the acquisition may not be completed in a timely manner or at all, risks related to a failure to obtain financing by the Company on acceptable terms, the potential failure to realize anticipated synergies and other benefits from the proposed transaction, customer risk, geopolitical and tariff risks, and uncertainty and adverse changes in general economic conditions and consumer spending habits. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Additional information about these and other assumptions, risks and uncertainties is included in the Company's securities regulatory filings, including under the headings "Risk Factors" and "Forward-Looking Information" in the Company's annual Management's Discussion & Analysis, which can be found under the Company's profile on SEDAR+ at Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof, and the Company does not undertake to update or revise any forward-looking information, whether as a result of any new information, future events or otherwise, except as may be required by applicable law. About High Liner Foods Incorporated High Liner Foods Incorporated is a leading North American processor and marketer of value-added frozen seafood. High Liner Foods' retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in most grocery and club stores. The Company also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels and is a major supplier of private label value-added seafood products to North American food retailers and foodservice distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange. For further information about the Company, please visit our website at or send an e-mail to [email protected]. SOURCE High Liner Foods Incorporated
Cision Canada
32 minutes ago
- Cision Canada
Maritime Launch Receives Additional Infrastructure Reimbursement Approval for Over $10 Million from the Province of Nova Scotia for an Additional Small Launcher Launch Pad
CANSO, NS, June 6, 2025 /CNW/ - Today, Maritime Launch Services Inc. (Cboe CA: MAXQ) (OTCQB: MAXQF) announces that the Company has obtained approval from the Province of Nova Scotia for approximately $10.5M under the Capital Investment Tax Credit (CITC). This approval will support the construction of a dedicated launch pad for small launch vehicles, an essential addition to support the company's growing roster of global launch clients. The CITC is a refundable corporate tax credit designed to encourage capital investment in Nova Scotia through approved projects. The approval awarded to Maritime Launch will facilitate the establishment of highly specialized commercial space infrastructure and enhance Canada's sovereign space capabilities. This approval builds upon prior support from the Province under the CITC program. Approximately $30.7 million in CITC funding has been authorized for qualified infrastructure projects at Spaceport Nova Scotia. "This support from the Province sends a clear message to the global space industry that Nova Scotia is open for business," said Stephen Matier, President and CEO of Maritime Launch. "With the help of the CITC, we are building the foundation for Canada's commercial space sector, bringing jobs, innovation, and global investment to rural Nova Scotia and sovereign launch capability to Canada." The dedicated launch pad is a separate, stand-alone launch platform designed to serve Maritime Launch's growing customer base of international launch providers. The project includes the full suite of specialized infrastructure required for safe and efficient orbital launch operations, including a flame diverter, gas and propellant system interfaces, electrical and power systems, civil works, and other mission-critical components tailored to support modern small launch vehicles. "Nova Scotia is working to grow our economy, and we're happy to see companies investing in their future here," said Premier Tim Houston. "This tax credit will continue to support Maritime Launch Services in creating something truly exciting to be part of – a spaceport here in the Province. In the process, they'll create opportunities for Nova Scotians in rural areas." Spaceport Nova Scotia: Driving Economic Growth and Innovation in Nova Scotia and Sovereign Launch Capability for Canada The CITC-supported infrastructure will generate substantial benefits for the Municipality of the District of Guysborough and the Province as a whole: Job Creation: As the spaceport becomes operational, up to 30 jobs will be created in the local area, spanning technical, operational, and maintenance roles. Local Economic Activity: Infrastructure development and ongoing operations will drive demand across local construction, hospitality, and service sectors. Investment Attraction: Spaceport Nova Scotia will anchor a new high-tech sector in the region, helping to diversify the local economy and position Nova Scotia as a global destination for space and satellite companies. Resilience and Sovereignty: With robust infrastructure in place, Canada strengthens its domestic capability in satellite communications. The CITC is a targeted incentive program offsets 25% of eligible capital expenditures on approved projects in Nova Scotia, with a maximum benefit of $100 million. The program enables transformative infrastructure projects to move forward in rural regions, attracting private-sector investment and high-quality jobs. The support of the Nova Scotia Government's CITC program is essential to attract private-sector investment, stimulate innovation, and create the conditions for long-term economic growth. For more information on this announcement and ongoing development at Spaceport Nova Scotia, please visit: About Maritime Launch Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients to support the growing commercial space transportation industry over a wide range of inclinations. Spaceport Nova Scotia will allow small and medium-sized launch vehicles to place their satellites into low-earth orbit. Spaceport Nova Scotia is Canada's first commercial orbital launch complex. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: entering into binding definitive extension agreements with the holders of the debentures, consideration payable in connection with the extension of the debentures, and regulatory approval of the extension by the Cboe Exchange. Generally, such forward-looking information or forward-looking statements 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 may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; the Company's ability to come to mutually agreeable binding terms in definitive agreements with the holders of the debentures in a timely manner or at all; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the Company's ability to finance its operations until the extension can be secured and profitability of the Company can be achieved and sustained. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company's operations. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
