High Tide Provides Corporate Updates
Germany Update
High Tide is pleased to share that it continues to make solid progress on the previously disclosed proposed transaction with a leading German medical cannabis importer and wholesaler. This contemplated transaction is already fully funded following the junior secured loan the Company closed last month. As one of the most significant and complex transactions in the Company's history, High Tide is taking the necessary time and diligence to ensure it delivers maximum long-term value for shareholders. The Company looks forward to executing definitive agreements in the near-term and believes this milestone will represent a pivotal step forward in its global growth strategy.
Appointment of Vice President, Digital and eCommerce
High Tide is pleased to announce the appointment of Sri Pavithra Priyalakshmi as Vice President, Digital and eCommerce. Priyalakshmi brings more than 11 years of global experience in eCommerce, digital transformation, and project delivery leadership. Her background spans B2B, B2C, and DTC markets across North America, Europe, and Asia. Throughout her career, she has successfully led large-scale digital initiatives, built high-performing cross-functional teams, and driven measurable growth through data-driven strategies and customer-focused innovation.
Canaccord Genuity Conference
High Tide is pleased to announce its participation in Canaccord Genuity's 45th Annual Growth Conference, taking place from August 12–14, 2025, at the InterContinental Boston Hotel. The event will bring together institutional investors from around the world with leading and emerging growth companies across key sectors, including Technology, Healthcare & Life Sciences, Sustainability, Industrials, and Consumer & Retail. Vahan Ajamian, High Tide's Capital Markets Advisor, is scheduled to present on Tuesday, August 12, at 8:30 AM followed by a full day of one-on-one meetings with institutional investors.
Final Base Shelf Prospectus
In order to replace its prior base shelf prospectus that is expiring on September 3, 2025, the Company has filed a final short form base shelf prospectus (the "Prospectus") to provide it with the flexibility to take advantage of financing opportunities and favourable market conditions, if and when needed, during the 25-month period that the Prospectus remains effective (the "Effective Period").
The Prospectus has been filed in each of the provinces and territories in Canada. The Prospectus enables the Company to offer, issue and sell, from time to time: common shares, warrants, units, subscription receipts, debt securities, convertible securities, or any combination of such securities (collectively, the "Securities") for up to an aggregate offering price of C$100,000,000 (or its equivalent), in one or more transactions during the Effective Period. A copy of the Prospectus may be obtained under the Company's SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov/edgar.
The Company has also filed a corresponding shelf registration statement relating to the Securities with the United States of America Securities and Exchange Commission under the U.S. Canada Multijurisdictional Disclosure System.
The Company may also use the Prospectus in connection with an "at-the-market distribution" in accordance with applicable securities laws, which would permit securities to be sold on behalf of the Company through the TSX Venture Exchange, the Nasdaq Stock Exchange, (or other existing trading markets) as further described in the applicable prospectus supplement. To date, no agreement has been entered into with respect to such a distribution.
The Company may use the net proceeds from the sale of Securities for general corporate purposes, capital projects, internal expansion, or for the acquisition of other businesses, assets or securities by the Company or one of its subsidiaries.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such jurisdiction. If any Securities are offered under the Prospectus, the terms of any such Securities and the intended use of the net proceeds resulting from such offering would be established at the time of any offering and would be described in a prospectus supplement filed with the applicable securities regulatory authorities at the time of such offering and would be made available by the Company.
Filing this new base shelf prospectus is a routine step to replace the Company's existing shelf, which is set to expire next month. As always, the Company remains disciplined in its approach to growth, raising funds only when it aligns with its strategic objectives and on terms that are value-add to shareholders. The Company highlights that over the past two years it only used approximately $4 million of the $100 million available under its current shelf, which clearly demonstrates its commitment to minimizing shareholder dilution. Given its strong positive free cash flow trajectory, the Company has been able to accelerate organic growth by reinvesting its cash flows.
Investor Communications Update
In addition, the Company is pleased to announce that it has retained IR Agency (the "Agency") effective August 12, 2025, to provide investor relations services, supporting the Company's communications with existing and prospective shareholders, the investment community and stakeholders. Pursuant to the agreement, which begins August 14, 2025, for a term of one month, the Agency will undertake activities including communicating information about the Company to the financial community, creating Company profiles, media distribution, and building a digital community, all in compliance with applicable laws. In consideration for these services, the Agency will receive a fee of USD $140,000, paid strictly on a fee-for-service basis, consistent with TSX Venture Exchange Policy 3.4 and in proportion to the Company's operational scope and financial resources.
The Agency, located in Newark, New Jersey, with Rafael Pereira as the principal, is arm's-length to the Company and neither the Agency nor its principals hold an equity interest in the Company's securities, either directly or indirectly, or the right to acquire any equity interest.
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 203 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in the world.
Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.
Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.
CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2024 for the fourth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Media Inquiries
Carter Brownlee
Communications and Public Affairs Advisor
High Tide Inc.
[email protected]
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the execution of the definitive agreement for the proposed transaction with the German medical cannabis importer and wholesaler; the effectiveness of the final prospectus and registration statement; future financing opportunities and market conditions; the Company offering, issuing and selling, from time to time, the Securities; the Company using the Prospectus in connection with an "at-the market distribution"; specific terms of future offerings being set forth in a prospectus supplement to the final base shelf prospectus; and the use of proceeds from the sale of the Securities. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press 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.
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Financial highlights Comparison of second quarter 2025 with second quarter 2024: Surplus earnings before member dividends of $900 million, down $18 million. Total net revenue of $4,091 million, up $338 million, or 9.0%: Net interest income of $2,024 million, up $163 million, or 8.8%, mainly due to growth in average residential mortgages and business loans outstanding. Insurance service result of $593 million, down $27 million, or 4.4%, due to increased claims expenses in the Property and Casualty Insurance segment. Net insurance finance result of $312 million, up $75 million, or 31.6%, due to favourable developments in the financial markets, particularly in equities markets. Other income of $1,162 million, up $127 million, or 12.3%, related to growth in assets under management and assets under administration. Provision for credit losses of $203 million, compared to $87 million for the comparable period in 2024. 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Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure (Regulation 52-112) provides guidance to issuers disclosing specified financial measures, including the following measures used by Desjardins Group: A non-GAAP financial measure; Supplementary financial measures. Non-GAAP financial measure The non-GAAP financial measure used by Desjardins Group in this press release, and which does not have a standardized definition, is not directly comparable to similar measures used by other companies, and may not be directly comparable to any GAAP measure. It is defined as follows: Return to members and the community As a cooperative financial group contributing to the development of communities, Desjardins Group gives its members and clients the support they need to be financially empowered. The amount returned to members and the community, a non-GAAP financial measure, is used to present the overall amount returned to the community and is composed of member dividends, as well as sponsorships, donations and scholarships. More detailed information about the amounts returned to members and the community may be found in the "Financial Highlights" table on the following page. Supplementary financial measures In accordance with Regulation 52-112, supplementary financial measures are used to show historical or expected future financial performance, financial position or cash flows. In addition, these measures are not disclosed in the financial statements. Desjardins Group uses certain supplementary financial measures, and their composition is presented in the Glossary on pages 52 to 59 of the MD&A for the second quarter of 2025. FINANCIAL HIGHLIGHTS As at or for the As at or for the (in millions of dollars and as a percentage) three-month periods ended six -month periods ended June 30, 2025 March 31, 2025 June 30, 2024 (1) June 30, 2025 June 30, 2024 (1) Results Net interest income $ 2,024 $ 1,967 $ 1,861 $ 3,991 $ 3,594 Net insurance service income 905 464 857 1,369 1,576 Other income 1,162 1,251 1,035 2,413 2,147 Total net revenue 4,091 3,682 3,753 7,773 7,317 Provision for credit losses 203 210 87 413 220 Net non-interest expense 2,691 2,503 2,447 5,194 4,758 Surplus earnings before member dividends (2) $ 900 $ 738 $ 918 $ 1,638 $ 1,773 Contribution to surplus earnings by business segment (3) Personal and Business Services $ 370 $ 399 $ 436 $ 769 $ 820 Wealth Management and Life and Health Insurance 226 168 246 394 419 Property and Casualty Insurance 307 34 294 341 574 Other (3) 137 (58) 134 (40) $ 900 $ 738 $ 918 $ 1,638 $ 1,773 Returned to members and the community (4) Member dividends $ 113 $ 113 $ 110 $ 226 $ 220 Sponsorships, donations and scholarships (5) 34 26 33 60 60 $ 147 $ 139 $ 143 $ 286 $ 280 Indicators Return on equity (6) 8.9 % 7.8 % 10.2 % 8.3 % 10.0 % Credit loss provisioning rate (6) 0.28 0.28 0.13 0.28 0.17 Gross credit-impaired loans/gross loans (6) 0.82 0.83 0.77 0.82 0.77 Liquidity coverage ratio (7) 161 172 160 161 160 Net stable funding ratio (7) 131 131 129 131 129 Productivity index – Personal and Business Services (6) 72.3 70.4 71.6 71.4 71.2 Insurance and annuity premiums – Wealth Management and Life and Health Insurance (6) $ 1,570 $ 1,688 $ 1,970 $ 3,258 $ 3,742 Total contractual service margin (CSM) - Wealth Management and Life and Health Insurance (8) 2,554 2,578 2,587 2,554 2,587 Direct premiums written – Property and Casualty Insurance (6) 2,243 1,671 2,082 3,914 3,638 On-balance sheet and off-balance sheet Assets $ 501,254 $ 487,946 $ 444,348 $ 501,254 $ 444,348 Loans, net of allowance for credit losses 306,274 296,328 276,996 306,274 276,996 Deposits 320,919 309,379 290,085 320,919 290,085 Equity 40,315 39,371 36,488 40,315 36,488 Assets under administration (6) 630,427 614,643 557,902 630,427 557,902 Assets under management (6) 111,505 107,029 88,202 111,505 88,202 Capital measures Tier 1A capital ratio (9) 22.9 % 22.4 % 21.2 % 22.9 % 21.2 % Tier 1 capital ratio (9) 22.9 22.4 21.2 22.9 21.2 Total capital ratio (9) 25.5 25.3 23.2 25.5 23.2 TLAC ratio (10) 33.2 33.1 30.9 33.2 30.9 Leverage ratio (9) 7.5 7.6 7.6 7.5 7.6 TLAC leverage ratio (10) 10.6 11.0 10.9 10.6 10.9 Risk-weighted assets (9) $ 150,888 $ 151,882 $ 147,074 $ 150,888 $ 147,074 Other information Number of employees (full-time equivalent) 52,517 51,406 50,665 52,517 50,665 (1) Some data have been restated to conform with the current period's presentation. (2) The breakdown by line item is presented in the Statement of Income in the Interim Combined Financial Statements. (3) The breakdown by line item is presented in Note 11, "Segmented information," to the Interim Combined Financial Statements. (4) For more information on non-GAAP financial measures, see "Non-GAAP financial measures and other financial measures" on page 4. (5) Including $17 million from the caisses' Community Development Fund ($13 million for the first quarter of 2025, $16 million for the second quarter of 2024, $30 million for the first six months of 2025 and $27 million for the first six months of 2024). (6) For additional information on supplementary financial measures, see "Non-GAAP Financial Measures and Other Financial Measures" on page 4. (7) In accordance with the Liquidity Adequacy Guideline issued by the AMF. (8) Total CSM of $2,809 million ($2,795 million as at June 30, 2024) presented net of reinsurance for a total of $255 million ($208 million as at June 30, 2024). Included in the line items "Insurance contract liabilities" and "Reinsurance contract assets (liabilities)" on the Combined Balance Sheets. For more information, see Note 7, "Insurance and reinsurance contracts," to the Interim Combined Financial Statements. (9) In accordance with the Capital Adequacy Guideline for financial services cooperatives issued by the AMF. (10) In accordance with the Total Loss Absorbing Capacity Guideline ("TLAC Guideline") issued by the AMF and based on risk-weighted assets and exposures for purposes of the leverage ratio at the level of the resolution group, which is deemed to be Desjardins Group, excluding Caisse Desjardins Ontario Credit Union Inc. Strong capital base Desjardins Group maintains strong capitalization levels, in accordance with Basel III rules. As at June 30, 2025, its Tier 1A and total capital ratios stood at 22.9% and 25.5%, respectively, compared to 22.2% and 24.2%, respectively, as at December 31, 2024. Analysis of business segment results Results for the second quarter For the second quarter of 2025, surplus earnings before member dividends were $370 million, down $66 million from the same period in 2024. This segment benefited from the growth in net interest income and other income related to business growth. Furthermore, the increase in non-interest expense stems from investments made to support growth in operations and enhance the services offered to members and clients, and drove the decrease in surplus earnings. In addition, the provision for credit losses was higher than in the comparable period in 2024. WEALTH MANAGEMENT AND LIFE AND HEALTH INSURANCE SEGMENT Results for the second quarter For the second quarter of 2025, the segment posted $226 million in net surplus earnings, down $20 million compared to the corresponding period of 2024. This decrease was due in particular to the gain in 2024 on disposal of the interest in Fiera Holdings Inc. and Fiera Capital LP as well as the increase in administrative expenses and investments related to continued implementation of strategic projects. This decrease was partly offset by increases in the net insurance finance result and the net insurance service result, while the results for the prior period had been negatively affected by the updating of actuarial assumptions. PROPERTY AND CASUALTY INSURANCE SEGMENT Results for the second quarter For the second quarter of 2025, the segment posted $307 million in net surplus earnings, up $13 million, from the same period of 2024, primarily due to higher insurance revenue that was mainly on account of growth in automobile and property insurance premiums and to business arising from the 2024 acquisition of The Insurance Company of Prince Edward Island. In addition, the segment posted growth in its net insurance finance result. The increase in surplus earnings was partly offset by three major events in the second quarter of 2025: water and wind damage in Ontario, wind damage in Québec and Ontario, and a forest fire in Manitoba and Saskatchewan, whereas no catastrophes or major events occurred during the corresponding quarter of 2024. OTHER CATEGORY Results for the second quarter For the second quarter of 2025, the Other category posted a net deficit of $3 million, compared to a net deficit of $58 million in the second quarter of 2024. The Other category includes mainly treasury activities. More detailed financial information can be found in Desjardins Group's interim Management's Discussion and Analysis (MD&A) for the second quarter of 2025, available on the Desjardins website or on the SEDAR+ website, at (under the Fédération des caisses Desjardins du Québec profile). About Desjardins Group Desjardins Group is the largest cooperative financial group in North America and the sixth largest in the world, with assets of $501.3 billion as at June 30, 2025. It has been named one of the top employers in Canada by both Forbes magazine and Mediacorp. It has also been recognized as one of the World's Best Banks 2025 by Forbes. The organization has more than 57,200 skilled employees. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, its online platforms, and its subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and one of the highest credit ratings in the industry. In 2025, Desjardins Group is celebrating its 125th anniversary, marking more than a century of focusing its ambitions and expertise on being there for members and clients. Caution concerning forward-looking statements Desjardins Group's public communications often include oral or written forward-looking statements, within the meaning of applicable securities legislation, particularly in Québec, Canada and the United States. This press release contains forward-looking statements that may be incorporated in other filings with Canadian regulators or in any other communications. In addition, Desjardins Group's representatives may make verbal forward-looking statements to investors, the media and others. The forward-looking statements include, but are not limited to, comments on Desjardins Group's objectives regarding financial performance, priorities, vision, operations, targets and commitments, its strategies to achieve them, its results and its financial position, economic as well as financial market conditions, the outlook for the Québec, Canadian, U.S. and global economies, and the regulatory environment in which we operate. Such forward-looking statements are typically identified by words or phrases such as "target," "objective," "timing," "outlook," "believe," "predict," "foresee," "expect," "intend," "have as a goal," "estimate," "plan," "forecast," "anticipate," "aim," "propose," "should" and "may," words and expressions of similar import, and future and conditional verbs, in all grammatical variants. By their very nature, such statements require us to make assumptions, and are subject to uncertainties and inherent risks, both general and specific. Desjardins Group cautions readers against placing undue reliance on forward-looking statements when making decisions since a number of factors, many of which are beyond Desjardins Group's control and the effects of which can be difficult to predict, could influence, individually or collectively, the accuracy of the assumptions, predictions, forecasts or other forward-looking statements, including those in this press release. Although Desjardins Group believes that the expectations expressed in these forward-looking statements are reasonable and founded on valid bases, it cannot guarantee that these expectations will materialize or prove to be accurate. It is also possible that these assumptions, predictions, forecasts or other forward-looking statements, as well as Desjardins Group's objectives and priorities, may not materialize or may prove to be inaccurate, and that actual future results, conditions, actions or events may differ materially from targets, expectations, estimates or intentions that have been explicitly or implicitly put forward. Readers who rely on these forward-looking statements must carefully consider these risk factors and other uncertainties and potential events, including the uncertainty inherent in forward-looking statements. The factors that may affect the accuracy of the forward-looking statements in this press release include those discussed in the "Risk management" section of Desjardins Group's 2024 annual MD&A and of its MD&A for the second quarter of 2025, and include credit, market, liquidity, operational, insurance, strategic and reputation risk, environmental, social and governance risk, and regulatory risk. Such factors also include those related to security (including cybersecurity) breaches, fraud risk, the housing market and household and corporate indebtedness, technological and regulatory developments, including changes to liquidity and capital adequacy guidelines, and requirements relating to their presentation and interpretation, as well as interest rate fluctuations, inflation, climate change, geopolitical uncertainty, artificial intelligence and data risk. In addition, there are factors related to the trade dispute with the United States and the impact that tariffs on certain Canadian exports as well as any resulting retaliatory tariffs could notably have on goods and services, businesses in certain industries, and the Canadian economy. Also of note are factors related to general economic and business conditions in regions in which Desjardins Group operates; monetary policies; the critical accounting estimates and accounting standards applied by Desjardins Group; new products and services to maintain or increase Desjardins Group's market share; geographic concentration; changes in the credit ratings assigned to Desjardins Group; reliance on third parties; the ability to recruit and retain talent; and tax risk. Other factors include unexpected changes in consumer spending and saving habits, the potential impact of international conflicts on operations, public health crises, such as pandemics and epidemics, or any other similar events affecting the local, national or global economy, as well as Desjardins Group's ability to anticipate and properly manage the risks associated with these factors despite a disciplined risk management environment. Additional information about these factors is found in the "Risk management" section of Desjardins Group's 2024 Annual Report and of its MD&A for the second quarter of 2025. It is important to note that the above list of factors that could influence future results is not exhaustive. Other factors could have an effect on Desjardins Group's results. Additional information about these and other factors is found in the "Risk management" section of Desjardins Group's 2024 Annual MD&A and of its MD&A for the second quarter of 2025. The significant economic assumptions underlying the forward-looking statements in this document are described in the "Economic environment and outlook" section of Desjardins Group's 2024 MD&A and of its MD&A for the second quarter of 2025 and can be updated in the interim MD&As subsequently filed. Readers are cautioned to consider the foregoing factors when reading this section. To determine economic growth forecasts in general, and for the financial services sector in particular, Desjardins Group mainly uses historical economic data provided by recognized and reliable organizations, empirical and theoretical relationships between economic and financial variables, expert judgments, and identified upside and downside risks for the domestic and global economies. In light of the changing circumstances of the U.S. trade dispute and the resulting impact on the Canadian economy, financial market conditions, commercial operations, and Desjardins Group's financial results and financial position, there is greater uncertainty about our economic assumptions than in previous periods, as these assumptions are based on uncertain future developments and it is difficult to predict how significant the long-term impact of U.S. tariffs will be. Any forward-looking statements contained in this press release represent the views of management only as at the date hereof, and are presented for the purpose of assisting readers in understanding and interpreting Desjardins Group's financial position as at the dates indicated or its results for the periods then ended, as well as its strategic priorities and objectives as considered as at the date hereof. These forward-looking statements may not be appropriate for other purposes. Desjardins Group does not undertake to update any oral or written forward-looking statements that could be made from time to time by or on behalf of Desjardins Group, except as required under applicable securities legislation. Basis of presentation of financial information The financial information in this document comes primarily from the Annual and Interim Combined Financial Statements. Those statements have been prepared by Desjardins Group's management in accordance with IFRS issued by the International Accounting Standards Board (IASB) and the accounting requirements of the AMF, which do not differ from IFRS. IFRS represent Canada's GAAP. The Interim Combined Financial Statements of Desjardins Group have been prepared in accordance with International Accounting Standard (IAS) 34, "Interim Financial Reporting." All the accounting policies were applied as described in Note 2, "Accounting policies," to the Annual Combined Financial Statements. This press release has been prepared in accordance with the current regulations of the Canadian Securities Administrators on continuous disclosure obligations. Unless otherwise indicated, all amounts are presented in Canadian dollars ($) and are primarily from Desjardins Group's annual and interim combined financial statements.
Cision Canada
an hour ago
- Cision Canada
REPRESENTATIVE OF FORMER MEMBERS OF BC TREE FRUITS COOPERATIVE APPOINTED BY BC COURT
VANCOUVER, BC, Aug. 12, 2025 /CNW/ - On July 31, 2025, Steve Day was appointed to represent former voting members of BC Tree Fruits Cooperative (the "Former Members") and Nathanson, Schachter & Thompson LLP was appointed as counsel for the Former Members in British Columbia Supreme Court File No. S-245481, commenced on August 13, 2024, under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36. A copy of the order appointing Nathanson, Schachter & Thompson LLP as representative counsel may be found on the court-appointed monitor's website:
