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The Week in Canadian Press Releases: 10 Stories You Need to See

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A roundup of the most newsworthy press releases from Cision Distribution this week

TORONTO, July 12, 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.

DANONE CANADA RECALLS SPECIFIC SILK REFRIGERATED BEVERAGE PRODUCTS 
The Canadian Food Inspection Agency (CFIA) has confirmed several cases of potential contamination of Listeria monocytogenes linked to select Silk refrigerated beverages produced on a specific production line in a third-party manufacturer in Ontario and distributed by Danone Canada. This recall is contained to certain Silk Canada refrigerated 1.75-1.89 L beverage products only and does not include other Silk items such as Silk shelf-stable beverages 946 ml including Silk Barista range, Silk coffee creamers (“Silk for coffee” & “half & half”, all formats), Silk plant-based food (cheese, yogurt, whipping cream), Silk Nextmilk refrigerated, Silk Unsweetened Almond 940 ml, Silk Oat Original 890 ml, or anything not listed in CFIA’s recall notice.Sechelt property owner fined $70,000 for contravening the federal Fisheries Act
The case stems from November 22, 2021, when Fisheries and Oceans Canada (DFO) received information about an excavator operating within Stephens Creek on a property at Lower Road in Roberts Creek, Sechelt. The excavator was dredging out the stream bed of Stephens Creek and using the materials to build up the banks on either side of the creek. On November 26, 2021, DFO fishery officers and biologists inspected the site and collected salmon eggs lying on and buried within the dredged material. Subsequent analysis confirmed that the dead eggs were pink or chum salmon. The unauthorized dredging work also resulted in the harmful alteration, disruption and destruction of 38.7 m2 of aquatic habitat.Aurora Cannabis Inc. Announces Filing and Mailing of Management Information Circular in Connection with Upcoming Annual General and Special Meeting of Shareholders 
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), a leading Canada-based global medical cannabis company, is pleased to announce that the management information circular (the “Circular”) for the upcoming annual general and special meeting of shareholders (the “Meeting”) is now available on the Company’s website at www.auroramj.com/investors/corporate-governance as well as under its profile on SEDAR+ (www.sedarplus.ca). The Meeting will be held virtually on Friday, August 9, 2024, at 1:00 p.m. (Eastern time) / 11:00 a.m. (Mountain Time) and will be conducted via live webcast at: https://meetnow.global/MRZ2RL5. The virtual meeting format allows shareholders and duly appointed proxyholders to have an equal opportunity to participate regardless of geographic location or ownership.D2L Acquires Global SaaS Learning Solution H5P Group 
“We believe strongly in the power of easy-to-use creation tools in online learning to improve engagement and ultimately achieve better learning outcomes,” said John Baker, D2L’s founder and CEO. “These capabilities are increasingly in demand among our customers and prospects, and with this transaction we’re adding H5P’s best-in-class software to complement the Brightspace learning platform and our Creator+ product. In addition to great technology, H5P has built a growing base of recurring revenue in an efficient and sustainable way, aligning with our balanced growth and profitability operating model. Together, we believe we can accelerate the development and time-to-market of these products and enhanced creator features, unlocking additional market opportunity and establishing leadership in the growing interactive learning space.”DRI Healthcare Trust and DRI Capital Inc. Announce Executive Changes 
The Board of Trustees of the Trust (the “Board”) has appointed Gary Collins as the interim CEO of the Trust in addition to his role as Chair of the Board. DRI Healthcare has named Ali Hedayat as its interim CEO. Sandy Kwan has been appointed as interim CFO of both the Trust and DRI Healthcare. The changes come as a result of an ongoing investigation of irregularities related to certain alleged consulting and other expenses presented by Behzad Khosrowshahi to DRI Healthcare and the Trust for reimbursement. Upon being made aware of these alleged irregularities, the independent members of the Board of the Trust immediately launched an investigation, which is being conducted by a team of independent legal counsel and forensic accountants, and directed and overseen by the Trust Audit Committee which is made up of independent Trustees. RBC announces changes to executive leadership team and business segments 
Royal Bank of Canada (TSX: RY) and (NYSE: RY) today announced a number of key executive appointments to accelerate its next phase of growth and further strengthen the organization’s focus on clients, following the transformative acquisition of HSBC Bank Canada. These changes, effective September 1, 2024, better position RBC to take advantage of its scale, speed up decision making and elevate leaders to deliver on strategic growth priorities with clients at the centre. “I’m personally energized by the opportunity to work with these extraordinary leaders in the coming years as they take on new roles and responsibilities on our Group Executive leadership team,” said Dave McKay, President and Chief Executive Officer, RBC. “The unique skills, experiences and perspectives they bring to the table will be invaluable as we embark on our next phase of growth and further deepen trusted client relationships across all our businesses.”McDonald’s Canada introduces $1* Everyday Small Coffee 
If “but first, coffee” is your first thought in the morning, McDonald’s has a new everyday low price just for you. Beginning today, McDonald’s Canada is offering its delicious McCafé Premium Roast Coffee for just $1 (plus tax) for a small size. “We strive to be a brand for everyone and understand how important it is to provide affordable options to our guests every day” said McDonald’s Canada’s Chief Marketing Officer, Alyssa Buetikofer. “Our new everyday pricing makes it easy for coffee lovers to start their day with a delicious cup of quality coffee at a great price.” And with the new $1 + tax everyday low price, it’s the perfect time to try out a new menu pairing: Small coffee and a bagel or Egg McMuffin® for breakfast? Maybe with a Quarter Pounder® for lunch? Either way, the $1 + tax small Premium Roast Coffee price is available all day long.RECONAFRICA ANNOUNCES THE SPUD OF THE NAINGOPO EXPLORATION WELL, JOINT VENTURE UPDATE AND WARRANT EXERCISE UPDATE 
The Company spud the Naingopo exploration well in the Damara Fold Belt onshore PEL 73 in northeast Namibia on July 7, 2024. The well will be drilled to a planned total depth of approximately 3,800 metres (12,500 feet), and is expected to encounter multiple reservoir intervals targeting both oil and natural gas. The Naingopo well is targeting 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources, net to ReconAfrica, based on the most recent prospective resources report prepared by Netherland, Sewell & Associates, Inc. (“NSAI”) dated March 12, 2024, and available on the Company’s website (the “NSAI Report”)(1). The Company continues to progress the farm out joint venture process which we expect to conclude soon.Bell acquires tech services companies Stratejm and CloudKettle Inc., strengthening managed cybersecurity and Salesforce capabilities for enterprises 
These two acquisitions complement the 2023 acquisition of FX Innovation, a leading provider of end-to-end multi-cloud services, IT workflow automation solutions and cloud consulting services. FX Innovation supports the integration of applications within business environments in Canada and internationally. Today’s acquisitions will enrich the range of capabilities available for customers to manage their public and hybrid cloud environments with the world’s leading cloud providers. Customers now benefit from leading platform-centric expertise to drive productivity, resilience and security outcomes through deeply integrated IT systems and processes. Both organizations will join BCE’s group of companies, reporting to Guillaume Bazinet, Bell’s FX Innovation CEO.HÉROUX-DEVTEK ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY PLATINUM EQUITY 
Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, today announced that it has entered into an arrangement agreement with an affiliate (the “Purchaser”) of Platinum Equity Advisors, LLC (“Platinum Equity”), a U.S. based private equity firm, pursuant to which the Purchaser will acquire all the issued and outstanding common shares of the Corporation, other than the shares to be rolled over by members of senior management of the Corporation (the “Rollover Shareholders”), for $32.50 in cash per share, representing a total enterprise value of approximately $1.35 billion, subject to customary closing conditions (the “Transaction”).

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

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The AmeriFlex Group® Celebrates Record-Breaking Year Supporting 53 Advisor Transitions and Bringing more than $3.4 Billion in Total Client Assets to the Firm

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January 8, 2025

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Award-Winning Hybrid RIA is Home to 206 Total Advisors in 29 States, Representing More than $14.6 Billion in Total Client Assets

LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — The AmeriFlex Group®, a rapidly growing, advisor-owned hybrid RIA that puts financial planning first, today celebrated the completion of a record-breaking year in which it welcomed 53 advisors and increased its total client assets by more than $3.4 billion. The AmeriFlex Group® ended the year with 206 total advisors in 29 states, with approximately $14.6 billion in assets under administration (AUA), an increase of 35% year over year.

The AmeriFlex Group® Founder and CEO, Thomas Goodson, said, “We have seen a significant increase in demand for stability during transition periods. From growing their practice to transitioning out of the business, our innovative programs provide advisors with the solutions they need to reach their goals, regardless of the stage of their career.”

Innovative Programming Driving Growth
The AmeriFlex Group® has long developed forward-thinking approaches and programs to address issues facing advisors.

The firm’s award-winning SuccessionFlex® program allows advisors to authorize a succession and continuity agreement with the firm that includes an option to sell 30% to 40% of their current revenue stream to The AmeriFlex Group® with no minority ownership discount.The AmeriFlex Premier+ platform — a proprietary, high-tech financial planning solution that equips advisors to deliver an elevated service experience and helps clients envision the outcome of their planning goals, leading to more informed financial decisions — opened to affiliated advisors. The AmeriFlex Group® partner advisors can collaborate with the AmeriFlex Premier+ team to create more share of wallet.The AmeriFlex Group® acquired The W Source™ in the spring, bringing in-house this unique professional platform facilitating women-to-women networking opportunities across industries on a local and national level. The strategic acquisition positions the firm to reach its ambitious goal of parity between men and women partners.

The Advisor Transition Network
In 2024, the AmeriFlex Group® launched the Advisor Transition Network (ATN), a national platform designed to connect qualified buyers and sellers of financial advisory practices. The network provides a confidential marketplace where financial advisors can transition their businesses. ATN has established a growing network of prepared buyers representing over 200 qualified advisors.

“By launching the Advisor Transition Network, we have delivered something so many advisors need – a straightforward way to sell their business to a qualified buyer,” Goodson added. “With more than 200 individuals and offices nationwide, supported by the experienced succession specialists at The AmeriFlex Group ®, advisors preparing to depart the industry may not have ever had a better option to transition toward retirement so seamlessly.”

For advisors considering initiating a succession plan within the next five years, The AmeriFlex Group® provides a one-stop-shop to build and execute a plan with the support of an award-winning succession team.

Jesse Kurrasch, The AmeriFlex Group® COO, noted, “Over the past several years, we have delivered customized succession plans that maximize the value of an advisor’s life work.”

Continued Growth Earns Industry Awards
The AmeriFlex Group® was named a finalist in the 2024 Wealth Management Industry Awards category for its succession program. Investment News identified the firm as the fastest-growing RIA in 2024, and Goodson was named the Executive of the Year by the ThinkAdvisor LUMINARIES program.

About The AmeriFlex Group:
The AmeriFlex Group® is recognized as The Home for Hybrids® (www.HomeForHybrids.com) – BD/RIA Transitional Wealth Planners™ (financial advisors). The RIA is owned-and-operated by its advisor members and partners. Securities offered through Osaic, member FINRA/SIPC. Investment advisory services offered through The AmeriFlex® Group®, an Independent Registered Investment Advisor. Osaic is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic. Insurance is offered independent of Osaic. 8475 W Sunset Road, Suite 101, Las Vegas, NV 89113.

Media Contact:
Haven Tower Group
Donald C. Cutler
424.317.4864
dcutler@haventower.com 

View original content:https://www.prnewswire.com/news-releases/the-ameriflex-group-celebrates-record-breaking-year-supporting-53-advisor-transitions-and-bringing-more-than-3-4-billion-in-total-client-assets-to-the-firm-302345246.html

SOURCE The AmeriFlex Group

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Aperture Announces Strategic Majority Investment from Genstar Capital

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18 minutes ago

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January 8, 2025

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Investment to accelerate growth for national forensic expert services platform through expansion across service offerings and geographies

ARLINGTON, Texas, Jan. 8, 2025 /PRNewswire/ — Aperture, LLC (“Aperture” or the “Company”), a national platform of best-in-class forensic experts, today announced a strategic majority investment from Genstar Capital (“Genstar”), a leading private equity firm focused on investments in targeted segments of the financial services, software, healthcare, and industrials industries.

Aperture is a full-service provider of forensic expert witness services, providing accident reconstruction, premises liability, biomechanical and human factor analysis, construction disputes, and commercial litigation services. Headquartered in Arlington, Texas, the Company services over 11,000 cases annually across its client base that includes law firms, insurance carriers, and corporations. Aperture’s strategic focus on delivering unbiased expertise and fostering deep customer relationships has driven its strong growth, leading to exceptional client retention and customer satisfaction.

The Company has expanded over the past five years through nine acquisitions, diversifying its service lines, geographic reach, and customer base while building world-class operations, facilities, and technology intended to enable experts to better serve customers. Today, Aperture serves over 2,500 clients with 15 offices across the US.

Robert E. Joyce, Jr., CEO and President of Aperture, said, “Aperture is known for the world class expertise of our employees and our client-first approach. We are proud to have built Aperture into both an employer of choice and partner of choice in the industry, enabling professionals to better serve customers and build meaningful careers. Our partnership with Genstar is a testament to the platform we have built and positions us to accelerate our growth strategy, expand our service offerings, and continue delivering tremendous value to our clients.”

Matt McCabe, Director at Genstar, said, “We’ve been following Aperture’s transformation for several years and are proud to partner with Rob and the entire management team as they continue to scale and drive value for their clients. Aperture is well-positioned to achieve outsized growth, and we are excited to invest further in developing new and expanding existing markets, both organically and through M&A.”

Ropes & Gray LLP provided legal counsel and William Blair & Company LLC served as financial advisor to Genstar.

About Aperture

Aperture is a full-service provider of forensic expertise and litigation dispute support services in the areas of accident reconstruction, biomechanical engineering, construction, economic damages, human factors, intellectual property, premises liability, and workplace safety. Aperture’s headquarters is in Arlington, Texas, with additional locations in California, Colorado, Massachusetts, Nevada, New Mexico, Texas, and Wisconsin. For more information, visit www.aperturellc.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $49 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

Media Contacts:

For Aperture
Chad Smith
VP of Marketing and Business Development
chad.smith@aperturellc.com

For Genstar Capital
FGS Global
GenstarCapital@fgsglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/aperture-announces-strategic-majority-investment-from-genstar-capital-302345197.html

SOURCE Genstar Capital

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Poshmark Announces Partnership with Loop to Transform Missed Returns into Resale Opportunities

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18 minutes ago

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January 8, 2025

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The leading fashion resale marketplace empowers consumers to turn non-returnable items into cash, doubling down on commitment to sustainability amid stricter return policies

REDWOOD CITY, Calif. and COLUMBUS, Ohio, Jan. 8, 2025 /PRNewswire/ — Poshmark, a leading fashion resale marketplace powered by a vibrant community, together with Loop, the leading commerce operations platform for Shopify brands, today announced a first-of-its-kind partnership that addresses a common consumer pain point — missing a return window or attempting to return a final sale item — by offering a sustainable and financially rewarding alternative to recoup expenses. Available to the millions of U.S. shoppers across Loop’s network of merchants, this partnership creates a path for consumers to quickly and easily resell non-returnable items on Poshmark, transforming a negative returns experience into a positive one while in turn creating new revenue streams for the merchants. This innovative resale integration is a first for Loop’s merchants, marking a significant step forward in the fashion industry’s efforts to reduce waste and promote sustainability.

Retailers are grappling with the rising costs and environmental impact of returns, where many have tightened their return policies to mitigate these costs. During the holiday shopping period from November 1 – December 24, online spending grew 6.7% (Mastercard), and the total value of returns between December 26-30 increased 8% year-over-year (Loop). What’s more, during those five days alone, there was over $67.6 million of merchandise returned to Loop brands, and listings on Poshmark with “missed return” in the description grew nearly 50%. This surge in activity has amplified the challenges both retailers and consumers face, but has also presented a unique opportunity for innovation to minimize frustration and unnecessary waste.

“At Poshmark, we believe shopping and selling should be simple, social, and sustainable,” said Steven Tristan Young, Chief Marketing Officer at Poshmark. “After observing an increase in Poshmark listings mentioning missing the return window, we saw an opportunity to create a sustainable solution. Partnering with a market-leader like Loop allows us to offer resale as an alternative, creating a more convenient experience for both buyers and sellers, putting money back in their wallets, and keeping more items in circulation.”

This partnership is another example of how Poshmark is simplifying the resale experience by pioneering new tools to help its community succeed, and comes on the heels of its sellers collectively earning over $8 billion on the platform to date. What’s more, this partnership unlocks additional desirable inventory for Poshmark’s community to shop from Loop merchants, including Rothy’s, one of the most beloved brands on Poshmark.

“In partnership with Loop and Poshmark, we are redefining sustainable shopping,” said Dayna Quanbeck, President at Rothy’s. “Washable and remarkably durable, Rothy’s products are designed to stay in the loop as long as possible. Now with our Poshmark x Loop integration, we’re taking a step toward a truly circular fashion economy. By transforming non-returnable items into resale opportunities with just one click, we’re empowering our customers to reduce waste and extend the life of their Rothy’s. We’re proud to be at the forefront of offering practical, sustainable solutions for today’s shoppers.”

Loop’s U.S. merchants interested in enabling this experience for their consumers can do so with a simple click of a button in their Loop account. Once enabled, consumers who are initiating a return through their returns portal will see a “Resell on Poshmark” button next to any items that are not eligible for return. One click produces a complete, pre-filled listing on Poshmark with item details — a strong improvement from the previous experience, where the customer simply faced a dead-end.

“Loop’s collaboration with Poshmark exemplifies the future of returns, where ease of use meets sustainability,” said Hannah Bravo, CEO of Loop. “Together, we’re helping brands and consumers embrace resale as a simple, single-click experience, supporting a thriving circular economy while driving meaningful engagement and value for all.”

About Poshmark
Poshmark is a leading fashion resale marketplace powered by a vibrant, highly engaged community of buyers and sellers and real-time social experiences. Designed to make online selling fun, more social and easier than ever, Poshmark empowers its sellers to turn their closet into a thriving business and share their style with the world. Since its founding in 2011, Poshmark has grown its community to over 130 million users and generated over $10 billion in GMV, helping sellers realize billions in earnings, delighting buyers with deals and one-of-a-kind items, and building a more sustainable future for fashion. For more information, please visit www.poshmark.com, and for company news, visit newsroom.poshmark.com.

About Loop
Loop is the leading commerce operations platform optimizing returns, exchanges, and reverse logistics at scale for more than 4,000 of the world’s most-loved Shopify brands. Through innovative solutions like Workflows, Instant Exchanges, Shop Now, Bonus Credit, and Offset, Loop helps global brands unlock cost savings, increase customer lifetime value, and retain more revenue. Its enterprise-level service delivery and breadth of integration partners make Loop the most agile and resilient returns solution for any retail brand. Loop has processed over 55 million returns and counting and has helped merchants retain more than $2 billion in revenue over the past five years. Learn more at www.loopreturns.com.

Media Contacts
Poshmark: pr@poshmark.com
Loop: loop@walkersands.com

View original content:https://www.prnewswire.com/news-releases/poshmark-announces-partnership-with-loop-to-transform-missed-returns-into-resale-opportunities-302344744.html

SOURCE Poshmark, Inc.

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