Press Releases

CALGARY, ALBERTA, May 16, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting of the holders (the “Debentureholders”) of its 6% convertible unsecured subordinated debentures due June 30, 2023 (the "Debentures") held today, the Debentureholders approved an extraordinary resolution approving the previously announced amendments to the Debentures (the “Debenture Amendments”). As previously announced, the Debenture Amendments will result in the following changes to the Debentures: Extending the maturity date of the Debentures from June 30, 2023 to December 31, 2024; Amending the interest rate on the Debentures from 6% to [...]

CALGARY, May 10, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three months ended March 31, 2023. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Q1 2023 Financial & Operating Highlights • Network Services revenue was $7.3 million, an increase of 10% compared with $6.6 million in Q4 2022, largely due to the commencement of new projects at Community Network Partners, offset by a decline in the revenues of WireIE. The Network Services segment contributed net income before income taxes of [...]

CALGARY, May 3, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2023 first quarter financial results on May 11, 2023 at 11:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q1 2023 CONFERENCE CALL DATE:                                      Thursday, May 11, 2023 TIME:                                       11:30 a.m. EST DIAL IN NUMBER:                (416) 764-8650 or (888) 664-6383 CONFERENCE ID:                  84346037 REPLAY:                                 (416) 764-8677 or (888) 390-0541 (playback code: 346037) Available until midnight (EST) May 18, 2023 WEBCAST:                              The [...]

Any Debentureholder that votes for the Debenture Amendments will receive a cash consent fee of $10 per $1,000 principal amount of Debentures held by the Debentureholder. The deadline to submit vote is May 12, 2023, on or before 10:00 a.m. (Eastern Time). Debentureholders who have questions or need assistance with voting may contact Crown Capital's strategic communications and proxy solicitation agent, Laurel Hill Advisory Group (“Laurel Hill”) by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com. CALGARY, April 26, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has mailed an information circular and [...]

CALGARY, April 11, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it will seek the approval of the holders (the "Debentureholders") of its 6% convertible unsecured subordinated debentures of the Corporation due June 30, 2023 (the "Debentures") to amend certain terms of such Debentures at a special meeting of the Debentureholders to be held at the offices of the Corporation, 33 Yonge Street, Suite 901, Toronto, ON, M5E 1G4, on May 16, 2023 at 10:00 a.m. (Eastern Time) (the “Meeting”). The proposed amendments to the Debentures (the "Debenture Amendments"), which will be voted [...]

CALGARY, April 11, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2023. The renewed NCIB will follow the current NCIB, which ends on April 12, 2023 and under which Crown purchased 5,000 shares at a volume-weighted average price per share of $7.83 up to April 10, 2023. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

CALGARY, March 20, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and 12 months ended December 31, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. 2022 Financial & Operating Highlights Total revenue increased to $44.8 million, up from $42.7 million in 2021, primarily reflecting the addition of Distribution Services revenue following the acquisition of Go Direct Global in June 2022, and partially offset by substantially lower interest revenue resulting from the derecognition of Crown Partners Fund as a subsidiary in [...]

CALGARY, March 16, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 fourth quarter and full year financial results on March 21, 2023 at 11:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q4 2022 CONFERENCE CALL DATE:                                      Tuesday, March 21, 2023 TIME:                                       11:30 a.m. EST DIAL IN NUMBER:                (416) 764-8650 or (888) 664-6383 CONFERENCE ID:                  44386563 REPLAY:                                 (416) 764-8677 or (888) 390-0541 [...]

CALGARY, February 8, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has entered an agreement for a new senior secured corporate credit facility of up to $43.5 million (“Credit Facility”) with Canadian Western Bank. This Credit Facility replaces Crown’s previous $23.5 million corporate credit facility. The Credit Facility includes an amortizing term loan of $30.0 million, an operating loan of up to $10.0 million with availability subject to margin condition restrictions, and a letter of credit facility of $3.5 million. The term loan matures in [...]

CALGARY, February 2, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its operating subsidiary Galaxy Broadband Communications, Inc. (“Galaxy”), entered into a multi-year deal to deliver OneWeb’s low Earth orbit (LEO) connectivity solutions across Canada, including the northern territory of Nunavut.  The full press release on the announcement from OneWeb and Galaxy can be found here. Galaxy is an Ontario-based, satellite-focused network services company, providing connectivity to remote and underserviced enterprise customers across Canada. As one of OneWeb’s fastest growing distribution partners to date, Galaxy has [...]

 CALGARY, November 9, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com.   Q3 2022 Financial & Operating Highlights   Network Services revenue was $7.5 million in Q3 2022, compared with $7.4 million in Q3 2021, and this segment contributed net income before income taxes of $1.1 million in Q3 2022, inclusive of depreciation and amortization expense totaling $1.2 million. The year-over-year revenue increase reflects growth in the [...]

CALGARY, October 27, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 third quarter financial results on November 10, 2022 at 11:00 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q3 2022 CONFERENCE CALL DATE:                                      Thursday, November 10, 2022 TIME:                                       11:00 a.m. EST DIAL IN NUMBER:                (647) 484-0475 or (888) 882-4478 CONFERENCE ID:                  8931037 REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 8931037) [...]

CALGARY, August 11, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and six months ended June 30, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Q2 2022 Financial & Operating Highlights • Network Services revenue was $6.4 million in Q2 2022, compared with $6.8 million in Q2 2021, and this segment contributed net income before income taxes of $1.0 million, versus $1.7 million in Q2 2021, inclusive of depreciation and amortization expense totaling $0.9 million. The year-over-year decrease reflects [...]

CALGARY, July 28, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 second quarter financial results on August 12, 2022 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q2 2022 CONFERENCE CALL DATE:                                      Friday, August 12, 2022 TIME:                                       8:30 a.m. EST DIAL IN NUMBER:                (647) 484-0475 or (888) 220-8474 CONFERENCE ID:                  1883356 REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 1883356) [...]

CALGARY, May 11, 2022 – In accordance with Toronto Stock Exchange requirements, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, announced the voting results from its Annual Meeting of Shareholders held on May 11, 2022. A total of 3,129,236 common shares, representing approximately 55.5% of the Corporation’s issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth. The votes for the election of directors are as follows: Motions % of Shares Voted For % of Shares Voted Withhold [...]

CALGARY, May 10, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the first quarter ended March 31, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Effective July 13, 2021, Crown stopped recognizing Crown Partners Fund as a subsidiary and began recognizing it as an investment in associate using the equity method. As a result, many of our asset, liability, revenue and expense balances as at and for the three months March 31, 2022 are not directly comparable to equivalent balances for [...]

CALGARY, May 9, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that its subsidiary, Community Network Partners Inc. (“CNPI”), has been selected as an Internet Service Provider (“ISP”) under the Ontario Connects: Accelerated High Speed Internet Program.  The aim of the program is to make reliable, high-speed internet connectivity available to all premises in Ontario by the end of 2025. Under the Ontario Connects program, the Government of Ontario has committed nearly $4 billion to connect every region in Ontario to reliable, high-speed internet by the end of 2025.  This is the largest single investment [...]

CALGARY, April 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2022. The renewed NCIB will follow the current NCIB, which ends on April 12, 2022 and under which Crown purchased 170,156 shares at a volume-weighted average price per share of $6.87 up to April 8, 2022. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

CALGARY, April 26, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2022 first quarter financial results on May 11, 2022 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q1 2022 CONFERENCE CALL DATE:                                      Wednesday, May 11, 2022 TIME:                                       8:30 a.m. EST DIAL IN NUMBER:                (647) 794-4605 or (888) 254-3590 CONFERENCE ID:                  2836624 REPLAY:                                 (647) 794-4605 or (888) 203-1112 (playback code: 2836624) Available until midnight (EST) May 18, 2022 WEBCAST:                            [...]

CALGARY, April 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2022. The renewed NCIB will follow the current NCIB, which ends on April 12, 2022 and under which Crown purchased 170,156 shares at a volume-weighted average price per share of $6.87 up to April 8, 2022. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

CALGARY, March 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the final results of its substantial issuer bid to purchase for cancellation up to 1,330,000 of its outstanding common shares (“Shares”) at a price of $7.50 per Share (the “Purchase Price”) from shareholders for an aggregate purchase price not to exceed $9,975,000 (the “Offer”). The Offer expired at 5:00 p.m. Eastern time on March 7, 2022.In total, 1,983,655 Shares were tendered to the Offering. In accordance with the terms and conditions of the Offer, the Corporation has [...]

CALGARY, February 24, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2021 fourth quarter and full-year financial results on Friday, March 11, 2022, at 10:00 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q4 2021 CONFERENCE CALL DATE:                                      Friday, March 11, 2022 TIME:                                       10:00 a.m. EST DIAL IN NUMBER:                (647) 794-4605 or (888) 204-4368 CONFERENCE ID:                 3439134 REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 3439134) Available until midnight (EST) March [...]

CALGARY, January 24, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Corporation will offer to purchase for cancellation up to 1,330,000 of its outstanding common shares (the “Shares”) at a purchase price of $7.50 per Share in cash (the “Purchase Price”). The Corporation will fund the Offer using cash on hand and available credit facilities. The closing price of the Shares on the Toronto Stock Exchange (the “TSX”) on January 21, 2022, the last full trading day prior to [...]

TORONTO, December 23, 2021 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced the final results of its “modified Dutch auction” substantial issuer bid to purchase for cancellation up to $10,000,000 in value of its outstanding common shares (“Shares”) from shareholders for cash (the “Offer”). The Offer expired at 5:00 p.m. Eastern time on December 22, 2021. In total, 2,599,183 shares were tendered at prices ranging from $6.50 per Share to $7.50 per Share. In accordance with the terms and conditions of the Offer, the Corporation will take [...]

TORONTO, December 20, 2021 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN) today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund of which it owns an effective interest of approximately 28%, has received the repayment by Data Communications Management Corporation (“DCM”) of the remaining $11.0 million outstanding under its term loan. This follows DCM’s partial repayment in November 2021. Headquartered in Brampton, Ontario, DCM is the largest integrated business communications solutions provider in Canada, with clients in key verticals such as financial services, retail, healthcare, lottery and gaming, not-for-profit, and energy. Crown Partners Fund [...]