On August 2, 2017, the Restaurant Brands International (TSX: QSR) Board of Directors declared a dividend of $0.20 per common share and Class B exchangeable limited partnership unit of Restaurant Brands International Limited Partnership for the third quarter of 2017. The dividend will be payable on October 3, 2017 to shareholders and unitholders of record at the close of business on September 15, 2017.
Exchange Income Corporation (TSX:EIF) (the “Corporation” or “EIC”), a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, reported its financial results for the three and six month periods ended June 30, 2017. All amounts are in Canadian currency.
DREAM GLOBAL REIT (“Dream Global” or the “REIT”) (TSX:DRG.UN)(FRANKFURT:DRG) today announced that it has entered into a binding sale and purchase agreement (the “Transaction Agreement”) relating to a portfolio of 135 office and light industrial properties located in the Netherlands (the “Transaction Portfolio” or the “Dutch Assets”), expanding the REIT’s geographic presence in Europe and establishing a sizeable new real estate platform for the REIT with an experienced management team. The total purchase price for the transaction (the “Transaction”) is approximately EUR622.1 million ($903.0 million)1, representing a going in capitalization rate of 8.0%. The vendors for the Transaction (the “Vendors”) are TPG Real Estate, TPG Sixth Street Partners, and Patron Capital Partners. The Dutch Assets are currently operated under the name “Merin”.
Continue reading Dream Global REIT Announces Transformational Acquisition in the Netherlands
Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) (“Valeant” or the “Company”) today announced that certain affiliates of the Company have entered into an agreement to sell its Obagi Medical Products business for $190 million in cash to Haitong International Zhonghua Finance Acquisition Fund I, L.P. (the “Fund”). Limited partners of the Fund include industry veterans in other geographic markets, such as China Regenerative Medicine International Limited (SEHK: 8158).
NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH) (NorthWest) today announces that NorthWest Australia1 (NorthWest Australia) has completed the acquisition of all the outstanding units in Generation Healthcare REIT (ASX:GHC) (Generation) – a $600M+ Australian healthcare real estate portfolio comprising 16 properties including hospitals, medical centers, laboratories, aged care facilities along with an accretive $230M+ development pipeline. NorthWest also announces that NorthWest Australia has today passed a resolution as sole unitholder of Generation to appoint NorthWest Healthcare Australia RE Limited, as the responsible entity of Generation in place of APN Funds Management Limited.
MedReleaf Corp. (TSX: LEAF), North America’s first and only ISO 9001 and ICH-GMP certified producer of cannabis-based pharmaceutical products, today announced a multi-year licensing and distribution agreement with Massachusetts-based CannaKorp Inc. (“CannaKorp”), makers of the world’s first single-use, pod-based cannabis vaporizing system, the CannaCloud™.
Nexus Real Estate Investment Trust (TSXV: NXR.UN) (“Nexus” or the “REIT“) announced today that it has completed the previously announced acquisition of a 100% interest in two properties and a 50% interest in 24 properties located throughout the Greater Montreal Area, the Greater Quebec City Area, and New Brunswick, comprising a total of 1,531,574 sq. ft. of gross leasable area (at Nexus’ ownership interests) for a purchase price of approximately $147 million.
Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company“) Continue reading Jamieson Wellness Inc. Completes Initial Public Offering
Home Capital Group Inc. (the “Company” TSX: HCG) today reported it has received proceeds of approximately $225 million for the closing of certain commercial mortgage assets sold as previously announced. The Company expects to receive further proceeds during the third quarter as the next tranche of the transaction is completed.
Markets are now assigning an 84% chance of a July rate hike by the Bank of Canada after GDP grew for the sixth straight month and Canadian business leaders reported the strongest outlook since 2011. But TD Economist Brian DePratto says July may still be too early for the Bank of Canada to pull the trigger.
Source: Bloomberg Canada TV
Canopy Growth Corporation (TSX: WEED) (“Canopy Growth” or “the Company”) today released its financial results for the fourth quarter and fiscal year 2017, the period ended March 31, 2017. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
- Consolidated revenues increased 28% for the quarter and 65% for the year-to-date [up 3% on a pro forma basis(1) for the quarter and down 2% for the year-to-date(1)]
- Consolidated segment profit(2) growth of 35% for the quarter and 54% for the year-to-date [up 14% on a pro forma basis(1) for the quarter and up 5% for the year-to-date(1)]
- Consolidated segment profit margin (2) of 38% for the quarter and 36% for the year-to-date
- Net income attributable to shareholders of $66.7 million ($0.33 per share basic) for the quarter and $162.7 million ($0.81 per share basic) for the year-to-date.
- Adjusted basic earnings per share(2)(3) of $0.35 per share for the quarter