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Alberta

Flames trying to shake off ‘worst’ playoff effort in 4-1 loss to Oilers

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EDMONTON — If the Calgary Flames thought their second-round series was going to be a cakewalk after scoring nine goals in the opening game, they forgot the firepower of their opponent.

Evander Kane had a natural hat trick in the second period, Leon Draisaitl had four assists and Connor McDavid had three helpers to put him at 23 points in just 10 games, as the Edmonton Oilers cruised to a 4-1 win Sunday to take a 2-1 lead in the Battle of Alberta series after losing the first game 9-6.

Flames defender Rasmus Andersson felt is was easily his team’s worst effort of the series.

“Yeah, probably. For sure that second period, at least,” he said. “You’re never happy when you play like that and you lose the second period 4-0. We left (goalie Jacob Markstrom) out to dry there one too many times.”

McDavid became the first player in NHL history to record nine multi-point games in the first 10 games of the playoffs and has been a constant thorn in the Flames’ side to this point.

“He had another, what, three or four-point night?” Andersson said. “He played really well today and we just have to find a way to stop him together.”

It certainly wasn’t just McDavid, as Draisaitl set an NHL playoff record as well, becoming the first player to ever record four assists in one period.

“They haven’t played at home in this round yet and they were going to come out hard and really play with a lot of purpose in their game, a lot of speed, and they did,” Flames head coach Darryl Sutter said.

The Flames can take solace that they were also down 2-1 in their opening-round series against the Dallas Stars and came back to win in seven games.

“They have home-ice advantage right now. We’ve got to win one game here to get it back,” said Flames forward Matthew Tkachuk. “We could’ve lost 10-0 tonight. We could’ve lost 1-0 in overtime. It’s the same result. We were in this position last series. It’s not that hard of a recipe to figure out here. We’ve just got to win one game and get the series tied and go back home.”

“That’s the beauty of the playoffs, I guess — it’s a new game in a day-and-a-half and we’re excited for that,” Andersson added. “Now we flip the page, we move on.”

Game 4 takes place on Tuesday in Edmonton.

This report by The Canadian Press was first published May 22, 2022.

Shane Jones, The Canadian Press

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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)

The Canadian Press

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