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Winnipeg Free Press
12 minutes ago
- Winnipeg Free Press
Boston Celtics sale is done. Bill Chisholm takes over as owner of NBA's most-decorated franchise
BOSTON (AP) — The sale of the Boston Celtics was finalized on Tuesday, with private equity mogul Bill Chisholm taking over control of the NBA's most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades. The team was put on the market last summer, soon after it won its record 18th NBA championship. Chisholm won the bidding in March with an offer that valued the franchise at more than $6.1 billion — a record price paid for an American professional sports team. The NBA approved the deal unanimously last week, and the money changed hands on Tuesday. Chisholm takes ownership of at least 51% of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion. That's the highest price ever paid for a team in the four major North American sports, though a piece of the Los Angeles Lakers changed hands this summer at a price that would value the entire franchise at $10 billion. Grousbeck led a group that bought the Celtics in 2002 for $360 million. Under their ownership, the Celtics won two NBA titles, lost in the finals two other times and made the playoffs in 20 of 23 seasons. Monday Mornings The latest local business news and a lookahead to the coming week. ___ AP NBA:
The Market Online
42 minutes ago
- The Market Online
MTL Cannabis aims to raise $4M through Centurion One Capital
MTL Cannabis (CSE:MTLC) intends to raise up to C$4 million through a brokered private placement, including participation from insiders and lead agent Centurion One Capital for up to 25 per cent of the financing MTL Cannabis is a Canadian company operating three licensed producers and a network of cannabinoid-focused clinics MTL Cannabis stock has added 316.67 per cent year-over-year MTL Cannabis (CSE:MTLC) intends to raise up to C$4 million through a brokered private placement, including participation from insiders and lead agent Centurion One Capital for up to 25 per cent of the financing. Centurion One is an independent investment banking firm focused on North American growth companies. The firm's client roster includes Exro Technologies, Cematrix and WELL Health Technologies. This content has been prepared as part of a partnership with Montreal Cannabis Corp., and is intended for informational purposes only. Proceeds from the financing, raised under the Listed Issuer Financing Exemption, are destined for capital expenditures, brand-awareness and other marketing activities, with eyes on continuing MTL Cannabis' recent ascent into profitability. The company generated net income of C$2.45 million in fiscal 2024 and C$6.83 million in fiscal 2025, while growing revenue from C$65.29 million to C$84.07 million over the period, representing growth of 28.7 per cent. Financing details Each unit is priced at C$0.65 and consists of one common share and one-half of one share purchase warrant, with each warrant exercisable for an additional share priced at C$0.98 for three years following the date of issuance. According to Tuesday's news release, Centurion One will be able to sell up to an additional C$1.75 million in units for up to 48 hours prior to the closing date, which will be no later than August 22, 2025. About MTL Cannabis MTL Cannabis is a Canadian company operating three licensed producers and a network of cannabinoid-focused clinics. MTL Cannabis stock (CSE:MTLC) last traded at C$0.75. The stock has added 316.67 per cent year-over-year. Join the discussion: Find out what investors are saying about this Canadian cannabis stock on the Montreal Cannabis Corp. Bullboard and make sure to explore the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Cision Canada
2 hours ago
- Cision Canada
Tribe Property Technologies Announces Timing of 2025 Second Quarter Financial Results Video Conference Call
VANCOUVER, BC, Aug. 19, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (" Tribe" or the " Company"), a leading provider of technology-elevated property management solutions, is pleased to announce the Company will release its second quarter 2025 financial results for the period ended June 30, 2025, on Thursday, August 28, 2025. The Company will hold a conference call and simultaneous webcast to discuss its results on the same day at 2:00 pm ET (11:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Angelo Bartolini, President & Chief Financial Officer. Related earnings release materials will be available on the Company's SEDAR profile at and Tribe's website at Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required. About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit for more information. Tribe Property Technologies Inc. "Joseph Nakhla" Chief Executive Officer Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the expected financial results and the Company's goals and strategy. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital markets conditions, and stock market volatility. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether because of new information, future events or otherwise. SOURCE Tribe Property Technologies Inc.
