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Alberta

Alberta justice minister demands answers from Edmonton on crime

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By Dean Bennett in Edmonton

Alberta’s justice minister says people in Edmonton are not being kept safe from violent crime, particularly on public transit, and he’s ordering Mayor Amarjeet Sohi to provide answers.

Tyler Shandro has told Sohi he’s invoking his ministerial powers under the province’s Police Act to demand a report within two weeks on what the city will do to arrest a spike in serious crime.

In a letter to Sohi made public Thursday, Shandro cited an increase in downtown crime as well as in aggressive encounters and drug use on light-rail rapid transit.

He pointed to the killings last week of two men in the Chinatown district downtown.

“As the minister of justice and solicitor general, I have a responsibility under the Police Act to ensure the people of Edmonton receive adequate and effective policing,” Shandro said in the letter.

“It is quite apparent that residents feel uncomfortable and unsafe in the downtown core, riding transit and traversing the transit centre corridors.

“In short, the people of Edmonton deserve better than what this city council is delivering.”

Sohi called the letter an overreach by the provincial government, but added that he is glad the provincial government is finally paying attention.

“I share the same concerns about the safety in our downtown, Chinatown and on the LRT that he highlighted in this letter,” Sohi said Thursday. “The social issues that are causing these safety issues are nothing new.

“The disorder and crime that we are seeing in our downtown is directly linked to the lack of provincial investments in ending houselessness, the mental-health crisis, the drug poisoning and addictions crisis.”

Shandro’s letter said the United Conservative government is doing its part to address core issues that can lead to crime, including spending millions of dollars to fight drug addiction and homelessness.

Shandro did not make himself available to media to answer questions.

There was no comment from the Edmonton Police Service. Chief Dale McFee was to attend a city council meeting Friday.

Edmonton city councillors are currently debating whether to set this year’s police budget at $385 million, which would be a drop of $22 million if police could not secure extra funds from declining photo radar revenues.

Shandro said earlier this week he would be concerned if Edmonton’s police budget were to be cut.

The police budget has not been cut, said Sohi, who added that the city has invested more in transit officers, community action teams and in safety-related projects in affected areas.

“Council is investing in many issues that are the responsibility of the province and, frankly, they are falling short,” he said.

“The pandemic has brought to light so many social issues that are not being properly addressed or adequately funded.”

Sohi said he looks forward to meeting with the minister next week to outline his concerns and explain how the city is doing its part.

Irfan Sabir, justice critic for the Opposition NDP, said violent crime in Alberta’s capital is a serious issue that needs to be addressed. But, he added, the UCP government is choosing to off-load complex problems and pick fights instead of collaborating.

“People in Edmonton want a plan in place (so) they can be assured that they are safe in their homes and their communities. But in this instance, the minister is just passing the buck,” said Sabir.

This report by The Canadian Press was first published May 26, 2022.

— with files from Colette Derworiz in Calgary

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Alberta

Calgary Stampede receives $10M from federal government to aid recovery from pandemic

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Calgary – The Calgary Stampede has received more than $10 million from the federal government to help it bounce back after last year’s event was scaled down due to the COVID-19 pandemic.

A report to the city this week showed the Stampede had an operating loss of $8.3 million in 2021.

Last year’s Stampede ran at half capacity because of COVID-19 public health measures and was cancelled all-together the year before.

Daniel Vandal, the federal minister for Prairies Economic Development Canada, says the money aims to support a full-scale Stampede to deliver the “authentic western experience” this year.

He says it would also help to reignite Alberta’s visitor economy.

The 2022 Stampede is set to run from July 8 to 17.

“Festivals large and small were hard hit during the pandemic,” Vandal said in a news release. “They are events where families and friends come together and take in the exciting atmosphere.

“The tourism industry is facing a strong comeback providing quality jobs across the country, showcasing stunning landscapes and offering exciting experiences right here in Alberta.”

The federal government also provided about $1.8 million for four other tourism projects in southern Alberta: Charmed Resorts, Cochrane Tourism Association, Heritage Park and Tourism Calgary.

This report by The Canadian Press was first published June 30, 2022.

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Alberta

Canopy Growth to exchange C$255.4M in notes for shares and a bit of cash

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SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal to exchange C$255.4 million of its debt for shares and a little bit of cash.

Under the agreement with a limited number of noteholders, the cannabis company will acquire the 4.25 per cent unsecured convertible senior notes due in 2023 for about C$252.8 million in shares plus approximately C$3 million in cash for accrued and unpaid interest.

The price used to value the shares will be the volume-weighted average trading price on the Nasdaq Global Select Market for the 10 consecutive trading days beginning Thursday, subject to a floor price of US$2.50 and a maximum of US$3.50 per share.

Constellation Brands Inc., through its wholly-owned subsidiary Greenstar Canada Investment Limited Partnership, has agreed to swap half of the C$200 million in notes it holds under the deal.

The company, which is already Canopy’s largest shareholder, will receive a minimum of 21.9 million Canopy shares based on the floor price and a maximum of 30.7 million shares.

Constellation currently holds nearly 142.3 million Canopy shares, representing a 35.3 per cent stake in the company.,

This report by The Canadian Press was first published June 30, 2022.

Companies in this story: (TSX:WEED)

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