Canlan AGM Vote
Canlan Ice Sports Corp. Reports Key Voting Results from 2026 Annual Shareholders Meeting
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Canlan Ice Sports Corp. (TSX: ICE) held its 2026 Annual General Meeting on June 18 at ScotiaBarn in Burnaby, BC, with shareholders voting overwhelmingly to keep its current leadership in place. According to Prince George Post, 12,528,822 shares were represented at the meeting — about 93.94% of all outstanding shares — and all eight director nominees were elected by ballot.
The near-unanimous results cap a record-breaking year for the company. Canlan crossed the $100 million annual revenue mark for the first time in its history, and CEO Joey St-Aubin said the company is "just getting started."
All Eight Directors Elected With Near-Perfect Votes
Voting was conducted by ballot, and the results left little room for dissent. Brantford Expositor reported that Geoffrey J. Barker, Joey St-Aubin, and Chris McMullen each received 100% of votes cast in their favor. Frank D. Barker and Victor D'Souza followed closely at 99.95% each. Doug Brownridge, Connie Carras, and Don Crowe each received 99.80% support.
The high "For" vote percentages signal a lack of shareholder activism or dissent within Canlan's investor base. Frank D. Barker has served on the board since 1986. Connie Carras, who joined in 2022, focuses on ESG and technology-led strategy. Don Crowe brings expertise from the U.S. indoor sports market as CEO of Arena Sports.
Canlan Breaks $100 Million Revenue Barrier for First Time
The 2026 AGM follows a standout financial year. Chatham Daily News noted that Canlan surpassed $100 million in annual revenue in fiscal 2025 — a first in company history. Q1 2026 kept that momentum going, with operating revenue of $29.4 million, up 4.9% from the same period last year. Net earnings reached $4.6 million, or $0.34 per share.
CFO Ivan Wu pointed to two key growth drivers: upgrades to aging equipment and the expansion of "Game Deck" sports simulators. These simulators are designed to keep families at Canlan facilities longer, turning ice rinks into broader entertainment hubs. Operating earnings for Q1 2026 came in at $8.7 million, up 2.4% year-over-year.
New Brand and Naming Deals Signal a Bigger Strategic Bet
Canlan is not just growing — it is rebranding. On June 11, just one week before the AGM, the company launched its new "Own Your Play" brand platform, replacing the decade-old "It's Where We Play" tagline. Owen Sound Sun Times reported that the shift reflects a push to position Canlan as a lifestyle brand, not just a facility operator.
The company also signed a naming rights deal with Entripy Custom Clothing for its Oakville facility on June 2. This follows an earlier deal with NFP for its York location. These corporate partnerships help Canlan monetize its facilities beyond ice rental fees. Plans for AI-generated announcers and digital fan promotions are expected to roll out across locations by late 2026.
Strong Cash Position Supports Dividends, But Cost Pressures Loom
In October 2025, Canlan's board declared a special dividend of $0.50 per share after strong Q3 performance. The company continues to pay a regular quarterly dividend of $0.03 per share. Cold Lake Sun reported that Canlan's price-to-earnings ratio stands at 14.84, a sign that investors are confident in its steady cash flow and real estate holdings.
Still, challenges remain. St-Aubin has acknowledged "ongoing cost pressures" tied to maintaining aging ice rinks. Industry reports also warn of a tightening labor market in recreation and entertainment through 2027. That could make it harder for Canlan to staff its growing food, beverage, and retail operations as it scales up its "community hub" model.
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