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Alberta

Bystander dies after road-rage shooting led to crash: Calgary police

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By Colette Derworiz in Calgary

Police say a woman has died after a road-rage shooting that led to a four-vehicle crash.

The Calgary Police Service said it received reports Tuesday night about two vehicles driving erratically and an exchange of gunfire in the city’s northeast. At least two homes were struck by stray bullets, police said.

Supt. Scott Boyd said the two vehicles — a red Silverado truck and a grey Volkswagen Jetta sedan — continued to pursue one another before colliding with two other vehicles at an intersection.

“The occupants from both the truck and sedan continued to exchange gunfire as they fled the area on foot,” Boyd told a news conference Wednesday.

The driver of a silver van, a 40-year-old woman not involved in the shooting, was declared dead at the scene. Boyd said the cause of her death would be determined by an autopsy.

CTV reported that family and friends of the woman said she was the mother of five children between the ages of nine and 17. Their father died earlier this year and they said it’s unclear who will care for them now.

A driver in another vehicle involved in the collision was unharmed.

Boyd said the man who was driving the grey sedan was found by officers. He was suffering from gunshot wounds and was taken to hospital, where he remains stable.

“The two occupants of the Silverado — a man and a woman — fled the area in an unknown direction,” he said.

Police said they have not been located.

“This reckless behaviour has no room on our city streets,” Boyd said. “The individuals involved in this behaviour and lifestyle are going to be held accountable for their actions.

“Let me be very clear: the actions and behaviour of these individuals led to the death of a woman we believe to be completely innocent in this matter, a woman who will now be mourned by her family and friends, and it breaks our heart.”

Boyd asked anyone who knows anything about the crash or the people involved to report to police.

“The man and woman who fled the scene last night may have gone home. The man and woman may have gone into a community. They may have met up with friends and family,” he said. “We believe information could have been shared with them that will be vitally important to our investigation.”

Boyd said it’s too early to say whether what happened was gang-related, but noted it’s the 58th shooting on Calgary’s streets so far this year.

“It’s absolutely a critical concern for us,” he said.

“There is no room for any of this gun violence playing out on our streets, regardless if you are a member of organized crime, whether you are in a domestic situation, whether you are having a disagreement with a friend.

“There is no space or tolerance for that level of violence on our streets.”

This report by The Canadian Press was first published on May 11, 2022.

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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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