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FACILITYCalgary May 20/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alycia Calvert to CEO @ EY Canada

+ David Guerra to Owner/Principal @ Applied Patents Inc.

+ Davide Pernarella to Interim CFO @ CareRx Corporation

+ Derek Evans to Executive Chair @ Pathways Alliance

+ Diane Beaudry to Director @ LSL Pharma Group Inc.

+ Frank Taffy to Chief Business Officer @ Congruence Therapeutics

+ James Brodie to Board Chair @ Medtech Canada

+ Marina Harris to Chief People Officer @ Clio

+ Mario Paradis to Director @ LSL Pharma Group Inc.

+ Michael Klingher to Pres. & CEO @ R&R REIT

+ Stephen Bradley to Director @ Cenovus Energy

+ Theresa Jang to Director @ Enbridge Inc.

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 REMEMBRANCE 

+ Arthur Irving; former Pres. @ Irving Oil, Order of Canada recipient, one of Canada’s wealthiest citizens, Ducks Unlimited supporter and pillar of New Brunswick business and strong advocate of the Energy-East pipeline, project; 93

+ Rex Murphy; Canadian-extraordinaire, journalist, Alberta fan, Newfie-native and advocate – my tribute to Rex; 77




 TECH + A I Trends 

+ AI frenzy comes down to earth: great op-ed piece by John Rapley – it’s a 2-minute read that offers a measured approach to ‘what is happening’ in the AI world from a widely recognized subject matter expert

+ OpenAI launched it’s newest variant on it’s AI products - ChatGPT 4o - not any of the much rumoured items coming soon which have not been denied by OpenAI … like 5.0, and a search engine to rival Google (seems logical given the large stake Apple has in OpenAI and their need to improve or replace Bing),  … so we should all stay tuned for that news to come. Yesterday’s big announcement – the new FREE feature and APP is called ChatGPT 4o open to everyone whether they are using the paid or free versions -  demos are popping up on a number of platforms – I recommend you go to their site directly - https://chatgpt.com/ - and you’ll see something, and hear something, worth exploring further. As a user of the Chat.GPT 3.5 for a short while and having upgraded to ChatGPT4.0 (the paid version) almost immediately. The first-blush reaction I have from watching yesterday’s intro-demo is that the 4.o tool, is the conversation quality sounds like a real voice, and the interaction is like a real face-to-face or phone conversation: no lag, both can talk or write simultaneously. Too soon to tell, but my initial reaction is: education revolution – for K-PhD and for training everywhere in anything. I’m sure there are downsides we’ll hear about soon, particularly in the world of ‘fake-anything’. The unlikely news about this now, but where it will be interesting to see this applied to life, medical and health treatment, it will help enormously related: loneliness. Tic toc ….




 SAVE THE DATE / upcoming events

+ May 14; IFMA Calgary Chapter – building tour/social event @ ATCO Building 909+911 – 11 Ave SW; register

+ May 14-15, Canada’s Net-Zero Forum 2024, The Transition Accelerator, keynote speakers;  save the date/register

+ May 16; U of C – Faculty of Science, Professional Programs, Ucalgary Downtown Campus; register

+ May 22; U of C - Faculty of Science – Get Science Done Launch, Ampersand, Calgary; register

+ May 23; 2023 CEO of the Year Gala, TELUS Convention Centre, Calgary; tickets

+ May 30; Real Estate Joint Ventures – Osler Webinar – virtual; register

+ May 31 – June 2; Inventures Conference; Telus Convention Centre, Calgary; info / register

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

[ please send your event notices and AGM notices to kolke@facilitycalgary.com ]




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 31; 14th Annual Treasure Life Golf Classic, Coloniale Golf Club, Beaumont; register

+ June 10; Headwater Learning Foundation – Golfing for Good Tournament, Glencoe Golf & Country Club; info / register *** Banquet speaker: Karen Gosbee

+ June 20; IFMA Calgary Chapter – IFMA Calgary Open; Lynx Ridge Golf Club, Calgary; sponsorship / golf

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ July 11; 22nd Annual COAST Hotels, Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta; register

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

~ [please send your charity golf event notices to kolke@facilitycalgary.com ]




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Definity Financial Corporation published its 2023 ESG report

+ Enbridge Inc. published its 23rd Annual Sustainability Report

+ Morguard Corporation published its 2023 ESG Report

+ Surge Energy Inc. published its 2023 Sustainability Report

+ Tamarack Valley Energy Ltd. published its 2024 Sustainability Report

+ 407 ETR Concession Company Limited published its 2023 ESG Report




 REITs + TRUST NEWS 

+ Boardwalk REIT is planning a 145-door rental project in the Marda Loop area

+ + Government of Canada – change of tax position on REITS in current budget: “no changes to the tax treatment of REITs are being considered at this time.” 

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag




 INTERESTING TRENDS/NEWS: RETAIL

+ London Drugs – stores reopened after cyber-attack caused closure of them all


 THIS WEEK - NEWS SUMMARY 

  May 8 ~ 14, 2024 


 
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 QUOTES 

+ You can ignore your weaknesses, but you can't expect them to not impact you. The weakness of the coach shapes the players. The weakness of the teacher influences the students. The weakness of the parent molds the child. - James Clear

+ I am always doing what I can't do yet in order to learn how to do it. - Vincent Van Gogh




 KUDOS 

+ to David Farran and his Turner Valley facility - Eau Claire Distillery – winning award at the San Francisco World Spirits Competition … congrats!




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  NEWS THIS WEEK  


+ ATCO Energy Systems – Yellowhead Mainline project announced; 3-year project expected to be more than a $3.8 billion budget

+ change is coming soon – stay tuned for announcements in the coming weeks; as we approach the 25 year milestone of FACILITYCalgary … some changes to help this publication grow, include some new feature and a change to our newsletter distribution – and a new program for our advertiser/sponsors …

+ City of Calgary marathon council public hearing on blanket rezoning – finally moving to council questions for administration, debate and decision … tic toc

+ connectFirst Credit Union and Servus Credit Union merger has closed; a new operating name has not been chosen – they will operate as separate entities

+ Crescent Point Energy Corp. changed it’s name to Verin Inc. - new website vrn.com

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$79/bbl; Brent @ US$83/bbl ~

+ Eau Claire Market closure is imminent; making way for the Green Line LRT – end of a grande-dream to replicate Seattle’s Pike Street Market that didn’t make it here despite well meant intentions

+ fire season 2004 is underway: Alberta wildfire concerns are well founded;  46 fires are active – 23 of them are new/2024 fires – 3 fires are out of control   - wildfires threatening Fort Nelson, Grande Prairie evacuation, and Fort McMurray area wildfire appears to be slowing and altering it’s growth path – tic toc ...- government of Canada wildfire season projections – night-time firefighting helicopters

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ GoodLeaf Farms expanded to Calgary; they opened a 74,000 sq. ft. vertical farm facility

+ Government of Alberta:  pause in renewable energy projects last year – new information, documents contradict Premier Smith’s earlier statements

+ Government of Canada – change of tax position on REITS in current budget: “no changes to the tax treatment of REITs are being considered at this time.” 

+ High Arctic Energy Services Inc. reorganizing as two companies

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Obsidian Energy Ltd. facing growing roster of indigenous communities opposed to expansion of it’s activities on Woodland Cree First Nation territory ...tic toc

+ OpenAI launched it’s newest variant on it’s AI products - ChatGPT 4o -

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: down 2 to 603 this week; Canada: down 4 to 116 this week




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Cielo Waste Solutions Corp. is on the market to raise $5.0 million in convertible debt by private placement

+ GreenPower Motor Company closed US$2.5 million equity raise

+ Intact Financial Corporation is on the market to raise $300.0 million in debt by private placement

+ Medicenna Therapeutics Corp. closed a $20.0 million equity raise

+ Royal Helium Ltd. closed a $6.0 million equity raise

+ Spectral Medical Inc. is on the market to raise $8.5 million in convertible debt

+ Spectra7 Microsystems Inc. closed a $10.7 million tranche of an equity raise by private placement

+ Sun Life Financial Inc. is on the market to raise $750.0 million in unsecured sub debt

+ TMX Group Limited is on the market to raise $300.0 million in debt by private placement




 SHAREHOLDER MEETINGS

+ May 14; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ May 15; ATCO Ltd., Annual General Meeting, Calgary

+ May 15; Boralex Inc., Annual Meeting of Shareholders, Montreal/virtual only

+ May 15; Mattr Corp., Annual General Meeting, Calgary

+ May 15; FG Acquisition Corp., Special Meeting of Shareholders, Toronto

+ May 16; AtkinsRéalis  , Annual Meeting of Shareholders, Montreal

+ May 16; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, Calgary

+ May 22; Cineplex Inc., Annual Meeting of Shareholders, Toronto/virtual only

+ May 22; Peyto Exploration & Development Corp., Annual Meeting of Shareholders, Calgary

+ May 23; Africa Oil Corp., Annual General Meeting of Shareholders, Vancouver

+ May 24; Enerplus Corporation, Special Meeting of Shareholders, Calgary

+ May 27; Indigo Books & Music Inc., Special Meeting of Shareholders, Calgary

+ May 28; Comet Lithium Corporation, Annual and Special Meeting of Shareholders, Montreal

+ May 28; Hess Corp., Special Meeting of Shareholders, New York

+ May 31; BRP Inc., Annual General Meeting, Valcourt

+ June 4; TC Energy Corporatrion, Annual and Special Meeting of Common Shareholders, Calgary

+ June 17; High Arctic Energy Services Inc., Annual General and Special Meeting of Shareholders, Calgay

+ June 18; Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, Dublin

+ June 20; Invesque Inc., Annual General Meeting, Toronto

+ Aug. 20; Dye & Dunham Limited, Special Meeting of Shareholders, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]




 CONTRUCTION - BUILDING SERVICES NEWS 

+ Midtown rezoning passed by City of Calgary Council – Cantana Investments Ltd. proposal involves a massive proposed redevelopment near Chinook Centre / Glenmore & McLeod Trails, which would involve a new C-train station within the 34-acre rezoning impacted area

+  South Fish Creek Complex / YMCA – receiving $1.2 million toward upgrades from the Government of Canada




 INTERESTING TRENDS/NEWS: INDUSTRIAL + LOGISTICS

+ City of Calgary has launched its marketing of lots in it’s 600-acre Constellation Park

+ GoodLeaf Farms expanded to Calgary; they opened a 74,000 sq. ft. vertical farm facility




 INTERESTING TRENDS/NEWS: MULTI-RES 

+ Boardwalk REIT is planning a 145-door rental project in the Marda Loop area


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this site last updated May 20, 2025