Business Briefs News

MBI Business Brief – September 16, 2022

Winnipeg Jets 2022-23 jersey, with Canada Life patch. Photo provided by True North Sports + Entertainment.

Marcel Colomb First Nation and Threeosix Industrial start joint venture

Marcel Colomb First Nation and Saskatoon-based Threeosix Industrial announced on Sept. 12 that they have signed a joint venture agreement to pursue contracts in project development in MCFN’s traditional territory near Lynn Lake, Man.

The two partners have been working on an agreement for the past 18 months, and have now formed a joint venture to benefit MCFN and its long term economic growth. The agreement includes working to increase MCFN’s capacity to conduct business in the construction, mining, and support services industries.

“On behalf of Marcel Colomb First Nation, I am pleased to announce our joint venture with Threeosix. We have been extremely pleased and impressed with Threeosix’s approach to First Nation engagement,” said Chief Christopher Colomb, Marcel Colomb First Nation leader. “Our negotiations were done in a respectful way, built on trust that recognizes and affirms our Inherent and Treaty Rights while ensuring that our membership’s socio-economic interests are strengthened for many years to come with a focus on capacity building, construction skills, and job creation. We are committed to ensuring that all development on our territory is carried out in a respectful manner that honours our natural environment, homelands, traditions, protocols and language.”

MCFN and Threeosix will work to identify long-term employment and training opportunities and meaningful participation in projects located within MCFN traditional territories, including the Lynn Lake Gold Project by Alamos Gold Inc.

“We’re excited to have formalized our relationship with Marcel Colomb First Nation, and are optimistic about working together, and learning from one another on a long-term basis. The overarching goals for the business are to participate as one-team, working collaboratively with clients in the area, through all aspects of construction,” said Scott Longmuir, president of Threeosix. “We’re very well-aligned in terms of ensuring that everything we do takes into consideration the environmental well-being of MCFN’s traditional territory, and their culture while maintaining a focus on the needs of our prospective clients. Our JV is committed to ensuring that everything we do, and every step we take, enriches lives of the members, and increases the economic resiliency of Marcel Colomb First Nation.”

Canadian Premium Sand Inc. signs MOU for Selkirk facility

Calgary-based Canadian Premium Sand Inc. announced the signing of a new memorandum of understanding (MOU) with Heliene Inc. regarding a commercial offtake agreement for patterned solar glass from CPS’s facility under development at Selkirk, Man.

Heliene is a provider of North American-made solar modules and started U.S. operations in Minnesota in 2017. CPS glass will be used to help Heliene to meet solar demand.

“Following several months of progressive discussions and a visit to Heliene’s Mountain Iron facilities earlier this year, we are delighted to now enter into an MOU with Heliene regarding long-term supply of our low-carbon, patterned solar glass,” said CPS president and CEO, Glenn Leroux. “Heliene’s anticipated glass demand in 2024 reflects over 40 per cent of our production capability for Phase 1 of our facility. We look forward to working with Heliene as a strategic partner and supporting their future growth plans.”

The news comes on the heels of another MOU signed with Hanwha Solutions Corp. in July.

Shoppers Drug Mart and Government of Manitoba partner on period products

Shoppers Drug Mart announced a new partnership with the Manitoba government on Sept. 15 to make period products available for students and adults in need in the province. The three-year partnership agreement that includes Always (made by Proctor & Gamble), will see the donation of 10 million products and 900 dispensers for Manitoba school divisions, independent schools and social service agencies.

“Inequitable access to period products, particularly for students, can lead to missed opportunities — school, work, and other activities — and creates barriers to success,” said Jeff Leger, president at Shoppers Drug Mart. “This donation will provide students in Manitoba with free access to period products, helping to more fully unlock their potential. We are proud to be a part of this initiative, and grateful to our stores, to Procter & Gamble, and to our customers for their support.”

Shoppers and Proctor & Gamble will supply 3.3 million products annually over the next three years as part of Shoppers’ LOVE YOU by Shoppers Drug Mart initiative to take action against period poverty in Canada.

“All students in Manitoba have the right to a high-quality education and the supports they need to be successful,” said Minister of Manitoba Education and Early Childhood Learning, Wayne Ewasko. “This initiative will make school more inclusive by providing free access to menstrual products, which can lead to improved school attendance and student participation, especially amongst marginalized youth.”

Winnipeg Jets jerseys feature Canada Life patch

Winnipeg Jets 2022-23 jersey, with Canada Life patch. Photo provided by True North Sports + Entertainment.

True North Sports + Entertainment (TNSE) and Canada Life announced on Sept. 16 that Winnipeg Jets jerseys will now display the Canada Life patch on the upper right chest on home and away jerseys in the 2022-23 NHL season.

“As one of our country’s most enduring companies, Canada Life is honoured to build on our partnership with one of Canada’s most beloved sports teams, the Winnipeg Jets,” said Paul Mahon, president and CEO at Canada Life. “This first-of-its-kind partnership deepens our already strong relationship with True North Sports + Entertainment both on the ice and in support of our communities.”

The patch is another part of the long-term relationship between TNSE and Canada Life, the venue naming partner of the Jets’ home – Canada Life Centre.

“We are proud to evolve our long-standing partnership with Canada Life and further emphasize our organizations’ shared community commitment by growing the Canada Life-Winnipeg Jets connection in this very visual way on our Winnipeg Jets jerseys,” said Norva Riddell, senior vice president, partnerships & premium service at TNSE. “It is only fitting that the Winnipeg Jets jersey patch represents a Canadian organization with as much local connection and history as our team itself, and that values community in the way that we strive to do at True North.”

The Winnipeg Jets season starts on Sept. 27 with preseason games, with the regular season home opener on Oct. 14.

NFI announces Q3 dividend and Q3 results call

NFI Group Inc. declared a quarterly dividend for the period July 1, 2022 to September 30, 2022 on the common shares of the Company (the “Shares”) in the amount of C$0.0531 per Share to holders of record at the close of business on September 30, 2022, payable on October 17, 2022.

NFI will release its Q3 results on Wednesday, November 2.

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