A roundup of the most newsworthy press
releases from Cision Distribution this week
TORONTO, Aug. 9, 2024
/CNW/ - With thousands of press releases published each week, it
can be difficult to keep up with everything on Cision. To help
journalists and consumers stay on top of the week's most newsworthy
and popular releases, here's a recap of some major stories from the
week that shouldn't be missed.
The list below includes the headline (with a link to the full
text) and an excerpt from each story. Click on the press release
headlines to access accompanying multimedia assets that are
available for download.
- Aurora Cannabis Announces Fiscal 2025 First Quarter Results
and Delivers Positive Free Cash Flow
"This was a milestone quarter for Aurora, as we delivered strong
net revenue1 growth, a substantial increase in
adjusted EBITDA1, and positive free cash
flow1. Our impressive performance was driven by record
net revenue1 in the rapidly growing global medical
cannabis segment, and we look forward to building on our
achievements in key markets such as Germany, Australia, and the UK throughout fiscal 2025
and beyond. The quarter was further supported by a record
contribution from our Bevo plant propagation business, underscoring
the strength of our diversified business model," said Chief
Executive Officer Miguel Martin.
- RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE
The Naingopo exploration well has been drilled to a depth of 1,450
metres, with surface casing set at 350 metres and a first casing
string set at 1,200 metres. The well has been tracking to drilling
depth and well cost estimates, with everything on schedule and
plan. Elsewhere on PEL 73, the Company continues to make progress
in the construction of the access road for the second Damara Fold
Belt exploration well, Prospect P, which is expected to start
drilling in the fourth quarter of 2024. Prospect P is targeting 309
million barrels of unrisked prospective light/medium oil
resources(1) or 1.6 trillion cubic feet of
prospective natural gas resources(1), on a 100% working
interest basis, based on the most recent prospective resources
report prepared by NSAI.
- Deep Sky to Build World's First Carbon Removal Innovation
& Commercialization Centre, Deep Sky Labs, in Innisfail, Alberta
Deep Sky, the Canadian carbon removal project developer, has
selected a site in Innisfail, Alberta to build the world's first carbon
removal innovation and commercialization centre, Deep Sky Labs.
Strategically located an hour north of Calgary, Innisfail is an emerging clean
energy hub. Deep Sky Labs' mission is to accelerate the
path to low cost, low energy intensity and highly scalable carbon
dioxide removal (CDR) to produce high integrity carbon credits. The
project represents an industry first for the private development of
scalable CDR, the first cross-technology project in the world, and
the first commercial direct air capture project
in Canada.
- Air Canada Reports Second Quarter 2024 Financial
Results
"Air Canada today reported second quarter operating
revenues of more than $5.5 billion and adjusted EBITDA
of $914 million. We saw healthy demand, with load
factors remaining above historical averages. We remained sharply
focused on our customers and operations throughout the quarter and
experienced a 10-percentage point year-over-year improvement in our
on-time performance, even with the increased flying. I thank our
employees for their hard work in safely transporting 11.6 million
customers in the quarter and I am pleased to see their efforts
recognized as we were ranked the best airline
in Canada and received five honours at the Skytrax 2024
World Airline Awards, the most of any Canadian carrier,"
said Michael Rousseau, President and Chief Executive Officer
of Air Canada.
- TD Direct Investing launches fractional trading for Canadian
investors
Today, TD Direct Investing (DI) is excited to offer Canadians a
simpler way to invest in the stock market, with the launch of
partial shares. With partial shares, also commonly known as
fractional shares, investors can buy and sell a fraction of stocks
and exchange-traded funds (ETFs), making investing accessible to
all. "As Canada's first and largest direct investing
brokerage, we're proud to continue our longstanding heritage of
breaking down barriers for individual investors," said Scott
Ignall, Senior Vice President, TD Direct Investing and Delivery, TD
Bank Group. "We believe investing should be accessible for all.
With partial shares from TD Direct Investing, Canadians can invest
in the companies they want, regardless of the share price or how
much they have to invest."
- CIBC to hire more than 200 data and AI roles to further
momentum in delivering for clients
A priority for the hires will be continuing the development of
resilient and trustworthy AI solutions across the bank, which has
various AI use cases in development. CIBC has a long history of
leveraging AI in key functions, including existing implementations
such as sophisticated risk, fraud, and
information security models. As new Generative AI solutions
continue to evolve, the bank has executed several pilot programs
that have GenAI functionality built in. These new hires will enable
CIBC to operationalize AI at scale, enhance the experience for
clients and team members, and continue to build out the governance
and guidelines within which AI operates.
- Canadian Tire Corporation Reports Second Quarter 2024
Results
"We delivered well in the quarter, as top-line pressures were
balanced by strong margin and cost control, improving our retail
profitability," said Greg Hicks, President and CEO, Canadian
Tire Corporation. "In a quarter that traditionally skews heavily to
discretionary purchases, consumers remained cautious and weather
conditions compounded declines. Yet, Canadians continued to turn to
our banners for new products, seasonal favourites, and innovative
Triangle Rewards campaigns – with categories and regions of our
business providing us positive signals." "Looking to the second
half of the year, we are well positioned with the right assortment
and inventory to meet the needs of Canadians and are confidently
leveraging investments to strengthen our connection with customers,
online and in stores."
- NG ENERGY PROVIDES SINU-9 DEVELOPMENT UPDATE AND ANNOUNCES
TRANSITION OF BOARD OF DIRECTORS AND SENIOR
MANAGEMENT
As of the end of July, the total workforce for the Sinu-9 Phase 1
infrastructure project reached a milestone of approximately 160
individuals, comprising staff, contractors, and local workers. With
all final construction activities nearing completion, commissioning
of Phase 1 for early production is expected in the next three to
four weeks and full production is expected to commence within the
next six to eight weeks. Further to the Company's June
27, 2024, news release, the Company has completed its production
optimization activities at Maria Conchita and is now completing
production planning and geological studies to test and successfully
produce natural gas from the discovered H4 zone from the Aruchara-3
well.
- TimeVallée celebrates the opening of its first store in
Canada
In a notable expansion, Swiss multi-brand watch retail
concept, TimeVallée, is excited to announce the opening of
its first flagship store in Canada, in
partnership with Maison Birks. Nestled within the highly
anticipated Royalmount Center in midtown Montreal, the store
is set to open to the public on September 5th,
2024. With this new location TimeVallée is also
celebrating the milestone of its 50th boutique
worldwide. TimeVallée's Montreal store will offer
a comfortable 2,800 sq. ft. space to discover a curated selection
of watches from seven of the most prestigious Maisons
worldwide: Baume & Mercier, Cartier, Chopard,
Grand Seiko, Jaeger-LeCoultre, Panerai and Piaget. Each
Maison is presented in a distinctive setting that emphasizes its
heritage and craftsmanship, designed to engage enthusiasts of
horology.
- TELUS announces Canada's
fastest and most reliable internet technology is coming to
Doig River First
Nation
TELUS and Doig River First Nation, in partnership with All
Nations Trust Company, the Government of Canada, the
Government of B.C. and the Northern Development Initiative Trust,
celebrate the groundbreaking ceremony for TELUS PureFibre, which
will enable faster, more reliable internet and wireless
connectivity in Northeast B.C., unlocking new opportunities for
residents and businesses. This $19.2-million project
will connect more than 60 households and a dozen businesses
in Doig River First Nation, approximately 70 kilometers
northeast of Fort St. John, as well as hundreds of households
in another 14 communities. This PureFibre expansion is a
continuation of TELUS' ongoing efforts to bring Western
Canada's fastest and most reliable internet technology to even
more rural and Indigenous communities, residents and
businesses.
Read more of the latest releases from
Cision, see our resources for
journalists, and stay caught up on the top press
releases by following @cnwnews.
About Cision Canada
Cision is a comprehensive communications platform enabling more
than 100,000 public relations and marketing professionals around
the world to understand, influence and amplify their stories. As
the market leader, Cision enables the next generation of
communication professionals to strategically operate in the modern
media landscape where company success is directly impacted by
public opinion. Cision has offices in 24 countries through the
Americas, EMEA and APAC, and offers a suite of best-in-class
solutions, including Newswire, Brandwatch, Cision Communications
Cloud® and Cision Insights. To learn more, visit
www.cision.ca and follow @CisionCA on Twitter.
SOURCE Cision Canada