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Alberta

Dozens of liquor violations and other infractions – Sylvan Lake RCMP step up presence at beach and parks

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News Release from Sylvan Lake RCMP

Sylvan Lake RCMP advise of increased presence due to concerning behaviours and infractions

The recent hot weather and removal of COVID restrictions lead to Albertans flocking to recreational areas over the Canada Day weekend. Although Albertans are encouraged to take full advantage of the beautiful landscapes and everything this amazing province has to offer, the Sylvan Lake RCMP would like to remind recreational enthusiasts that Alberta’s Provincial liquor and cannabis laws apply in public areas.

Sylvan Lake RCMP, in partnership with Town of Sylvan Lake Peace Officers, continue to provide an increased presence in and around the parks and beaches of Sylvan Lake and area due to an increase in concerning behaviors.

In recent weeks, RCMP have charged dozens of liquor related infractions under the Gaming and Liquor Act over the long weekend. 49 liquor tickets were handed out among other infractions. Several complaints have been received in regards to underage drinking and assaults.

Under the GLA, it is an offence to have open liquor in public places that are not temporary residences (such as campsites and motorhomes), or designated picnic areas.  Open liquor is prohibited in all other public places, and can result in fines of $120.

“Our priority is to ensure everyone has a safe and enjoyable summer in our beautiful town,” says Staff Sergeant Jeff McBeth, Detachment Commander of Sylvan Lake RCMP. “Together, we can make this happen.”

Sylvan Lake RCMP are asking for the public’s assistance in reporting suspicious activity in these areas. Please contact the Sylvan Lake RCMP at 403-858-7200. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store.

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)

The Canadian Press

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