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Mining & Metals
FirstService's Subsidiary Century Fire Protection Acquires GSC Fire & Security and Titan Fire Protection
FirstService's (FSV.TO, FSV) subsidiary, Century Fire Protection, has recently acquired GSC Fire & Security and Titan Fire Protection, both based in the United States, said the company Thursday.The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations, said the company.Terms of the two transactions were not disclosed.GSC provides fire alarm installation and fire alarm and sprinkler inspection, repair and monitoring services to multi-family residential and commercial clients in the Austin and San Antonio metropolitan areas and surrounding regions within Texas, stated the company.Titan is a "leading provider" of fire sprinkler installation and retrofit services to a broad range of commercial and institutional end markets, including healthcare facilities, storage facilities, schools and multi-family properties in the Tampa metropolitan area and across Central Florida, added the company."These additions further advance Century's strategy of enhancing our scale and broadening our service capabilities and geographic footprint across our operations," said Richard Deeb, Chief Executive Officer of Century. "The acquisitions of GSC and Titan bolster our presence in the fast-growing U.S. Sun Belt region. We are excited to be partnering with the leaders of both businesses to deepen our fire sprinkler and alarm capabilities and drive further growth in these markets."
$FSV.TO
Mining & Metals
Aegis Brands Says Steven Pelton Stepping Down as President, CEO
Aegis Brands' (AEG.TO) President, Chief Executive and Director Steven Pelton will be stepping down from his roles after seven years leading the company, it said on Thursday.The board of directors initiated a formal search process for its next CEO while Pelton will remain with the company after his successor is appointed to "ensure a seamless leadership transition", it added.Pelton and his family will remain significant shareholders of Aegis Brands and continue to strongly support the company's future direction, the statement notedShares of the company, which owns and operates the St. Louis Bar & Grill brand and holds the master franchise for the Sweet Jesus ice cream brand in Canada, closed down 1.9% to $0.255 on Wednesday on the Toronto Stock Exchange.
$AEG.TO
Mining & Metals
Jushi Holdings Applies for DEA Registration of State-Licensed Medical Cannabis Operations
Cannabis operator Jushi Holdings (JUSH.CN) has submitted applications to the U.S. Drug Enforcement Administration to register certain state-licensed medical marijuana operations under a federal framework established following the rescheduling of medical marijuana to schedule III, the company said Thursday.The process allows applicants to seek federal registration in connection with the manufacture, distribution, and dispensing of Schedule III medical cannabis products, while relying on existing state medical licenses, Jushi noted.For operators that submit applications within the initial 60-day filing window, registrations may be granted on an expedited basis unless otherwise notified by the DEA, it added.Jushi believes the framework reflects growing federal recognition of state medical cannabis programs and provides a pathway toward greater alignment between state and federal regulation."We are focused on operating at the highest regulatory standards and believe this process represents a meaningful step toward a more integrated and transparent national framework for medical cannabis," Chief Executive Officer Jim Cacioppo said.
$HMMJ.TO$JUSH.CN