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Alberta

Oilers outlast Flames to grab 3-1 series lead

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EDMONTON — Ryan Nugent-Hopkins scored his second goal of the night with 3:27 left in regulation as the Edmonton Oilers defeated the Calgary Flames 5-3 on Tuesday to take a 3-1 lead in the teams’ second-round playoff series.

Evander Kane, with his NHL-best 11th and 12th of the post-season, and Zach Hyman had the other goals for Edmonton, which got 29 saves from Mike Smith. Leon Draisaitl added two assists.

Connor McDavid also had two assists to give him a league-topping 25 points in 11 playoff outings this spring for the Oilers, who kept their foot on the gas with a third straight victory over their provincial rival.

Elias Lindholm, Mikael Backlund and Rasmus Andersson, on a short-handed goal from his own end in the third period to tie proceedings 3-3, replied for Calgary, which will look to stave off elimination in the first post-season Battle of Alberta in 31 years Thursday at home in Game 5.

Jacob Markstrom stopped 21 shots.

After trailing 3-0 after the first period and 3-2 through 40 minutes, Calgary improbably knotted things in the third on an Edmonton power play when Andersson fired a 150-foot clearing attempt from his own end that somehow fooled Smith at 10:56 and stunned Rogers Place.

But with the Oilers wobbling, Nugent-Hopkins shovelled home his fourth of the playoffs from Markstrom’s doorstep to send the nervous crowd into a frenzy.

Andersson then took a four-minute penalty for high-sticking with 2:40 left to effectively kill off the game before Kane iced it into an empty net.

Edmonton also held a 2-1 series lead in the first round against the Los Angeles Kings only to play what the Oilers described as their worst performance of the month in a 4-0 loss.

They won’t be thrilled with this Game 4 either, but got the victory for a stranglehold on the series.

Markstrom, who had allowed 14 goals in the series before getting pulled after two periods with Calgary trailing Sunday’s Game 3 by a 4-0 score line, played the puck behind his own net on the first shift, but put it right on Nugent-Hopkins’ stick for him to bury his third inside a deafening arena.

The goal was the third-fastest in Oilers’ playoff history, just short of McDavid (19 seconds in 2020) and Fernando Pisani (16 seconds in 2006).

One of three finalists for the Vézina Trophy as the NHL’s top netminder, Markstrom recovered to deny Darnell Nurse on a chance a couple minutes later before Smith was at full stretch on a Johnny Gaudreau one-time chance.

Calgary winger Tyler Toffoli then took a tripping penalty and the Oilers made the visitors pay when Hyman outmuscled a hobbled Chris Tanev — back in the lineup for the first time since Game 6 of the opening round despite a suspected upper-body injury — in tight to bury his fifth goal of the series and seventh of the playoffs at 9:53.

The Flames, who topped the Pacific Division in the regular season, pushed back with a couple of decent shifts, but Kane, who was coming off a natural hat trick in Game 3, made it 3-0 with 66 seconds remaining in the period on a shot that nicked off blue-liner Nikita Zadorov.

Calgary finally showed some life on slick power play in the second with Kane off for slashing, and Lindholm eventually picked the top corner for his fifth at 9:04 after the Oilers twice failed to clear the defensive zone.

Backlund got the Flames within one at 3-2 just 36 seconds later when he stepped past Duncan Keith and fired his fourth past Smith.

Smith made a good stop on a Lindholm power-play chance early in the third before the home side got its second man-advantage with 11 minutes left in regulation.

Markstrom kept his team within striking distance with a terrific pad stop on Draisaitl, who was looking to become the first player in NHL history to register record three-plus points in four straight playoff games, with a terrific pad stop before Andersson’s shocking equalizer from well inside his own blue line.

This report by The Canadian Press was first published May 24, 2022.

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Follow @JClipperton_CP on Twitter.

Joshua Clipperton, 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)

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