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Restaurant industry

Canlan Investment Corporation Partners with Versa Services Ltd. to Enhance Ice Rink Revenues

Strategic Insights

— 1 min read

Canlan Investment Corporation, a leading real estate investment and development company, has partnered with Versa Services Ltd. to outsource the management of food and beverage services at all of its wholly-owned ice rink facilities in Canada. This move is part of Canlan's Profit by Partnership Program, aimed at augmenting ice rink revenues by offering exclusive rights to sponsors, advertisers, and specialty businesses targeting adult hockey players. The partnership is expected to bring in significant revenue and enhance the overall experience for users of Canlan's facilities.

Key Takeaways:

  • Canlan Investment Corporation has partnered with Versa Services Ltd. to operate the food and beverage services at all of its wholly-owned ice rink facilities in Canada.
  • The partnership is part of Canlan's Profit by Partnership Program, designed to increase revenue by offering exclusive rights to sponsors, advertisers, and specialty businesses.
  • Canlan operates 23 ice surfaces across eight locations in Canada and the US, with future expansion plans in place.
  • Over 2,000 teams, involving approximately 30,000 active adult players, utilize Canlan's ice surfaces.
  • John B. Ross, President and C.E.O. of Canlan, stated that the contracting out of food and beverage services is the first of several anticipated agreements as part of the Profit by Partnership Program.
  • Canlan Investment Corporation is the largest private sector operator of recreational ice facilities in North America.
  • The company's real estate development operations are primarily focused in British Columbia, Alberta, Oregon, and Washington State.
  • Shares of Canlan Investment Corporation are traded on the Toronto Stock Exchange (CAI).

Statistics:

  • Canlan operates 23 ice surfaces across eight locations in Canada and the US.
  • Over 2,000 teams, involving approximately 30,000 active adult players, utilize Canlan's facilities.
  • Canlan owns and operates seven multi-rink arenas, with 22 ice surfaces in Quebec, Manitoba, Saskatchewan, and B.C.

Sources:

  • BUSINESS WIRE, July 5, 1995
  • Canlan Investment Corporation press release
  • Versa Services Ltd. press release

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