Canlan Ice Sports Corp. (CNLFF) Research

Canlan Ice Sports Corp. is a North American company dedicated to developing, acquiring, leasing, and operating diverse recreational and entertainment venues. Its business model is structured around six core areas: sales of ice/field time and internal programming, restaurant and lounge services, retail sports merchandise, sponsorship opportunities, space rental, and facility management and consulting. The company offers contracted ice and field rentals, organizes competitive leagues and tournaments, and delivers instruction through lessons and youth camps. Complementing these activities, it operates a network of restaurants and concession stands, alongside retail sports stores offering gear and apparel for hockey, skating, and soccer. Furthermore, Canlan leases both interior and exterior space to external parties, provides management services for recreation facilities owned by others, and facilitates sponsorship and advertising initiatives. As of December 31, 2021, its extensive portfolio spanned 18 owned, leased, and managed facilities across Canada and the United States. These venues collectively boasted 49 ice sheets, 7 indoor turf fields, and 24 multi-sport hard courts or outdoor beach volleyball courts. Incorporated in 1956, the company initially operated as Canlan Investment Corporation before rebranding to Canlan Ice Sports Corp. in 1999. Headquartered in Burnaby, Canada, it functions as a subsidiary of Bartrac Investments Ltd.

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