Western Investment Company Reports Positive Net Income for 2021 and New Net Asset Value Calculation Pegs Total Value at 82 cents per Share
High River, Alberta--(Newsfile Corp. - April 26, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q4 / Year-End Financial Statements and MD&A on SEDAR, including a new section in the MD&A that provides market value assessments of Western's investment portfolio also known as Net Asset Value.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "I invite all shareholders to review our...
2022-04-26 5:00 PM EDT
The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid
High River, Alberta--(Newsfile Corp. - February 4, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Western may purchase up to a total of 1,500,000 common shares in the capital of the Corporation ("Common Shares") representing approximately 4.9% of the Common Shares currently issued and outstanding (30,322,756 common shares were outstanding...
2022-02-04 1:35 PM EST
Western Investment Company Demonstrates $6 Million Increase in Its Share Value Of GlassMasters with Sale of Minority Interest
High River, Alberta--(Newsfile Corp. - February 1, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces it has a new ownership partner at GlassMasters Autoglass ("GlassMasters"). Fort Mckay First Nation ("Ft.Mckay") has acquired a 39.3% stake in GlassMasters.The transaction involved the sale of the entire block of shares owned by current partner ATB Private Equity,("ATB") with Western selling down its position slightly while maintaining majority...
2022-02-01 7:29 PM EST
Western Investment Company Files Q3 Statements and Reports Net Income of $331,655 for the Quarter, $554,478 Year to Date
High River, Alberta--(Newsfile Corp. - November 30, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q3 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "Our portfolio companies managed to provide us with a 9% increase in investment income in the third quarter compared to the same period in 2020. While each of our five companies are still...
2021-11-30 8:30 AM EST
Western Investment Company Files Q2 Financial Statements and Reports Record Net Income of $699,499 for the Quarter, with all five Investees Contributing to Earnings
High River, Alberta--(Newsfile Corp. - August 27, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q2 financial statements and MD&A on SEDAR which can viewed on Western's SEDAR profile at https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00038001.WICC CEO Scott Tannas provides the following commentary: "Our portfolio companies gained significant revenue and earnings momentum in the second quarter, with...
2021-08-27 5:37 PM EDT
Western Investment Company Confirms Q2 Results to be Reported and CEO Provides Comments on Investee Company Operations
High River, Alberta--(Newsfile Corp. - August 16, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it intends to file its Q2 Financial Statements and MD&A on SEDAR after markets close on August 27, 2021.In a message to shareholders, WICC CEO Scott Tannas provided the following comments: "We look forward to providing detailed financial and operating information on the performance of WICC and its five companies on August 27. In the...
2021-08-16 8:30 AM EDT
Western Investment Company Confirms Strong Growth at Fortress Insurance, Sees Stability Returning to Other Portfolio Companies as It Files Q1 Statements
High River, Alberta--(Newsfile Corp. - May 31, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q1 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "I'm pleased to report that we are steadily emerging from the carnage of the past year. Ours are a uniquely western accumulation of seasonal businesses so a modest Q1 net loss is a normal...
2021-05-31 6:19 PM EDT
Western Investment Company Reports Positive Net Income for Final Quarter of 2020 and Expects Fortress Insurance and GlassMasters to Be Key Drivers of Growth in 2021
High River, Alberta--(Newsfile Corp. - April 30, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q4 / year end financial statements and MD&A on SEDAR.WICC CEO, Scott Tannas provided the following commentary: "The past year was a battle. It seemed every day brought new challenges and required skills and endurance beyond any previous measure. I'm pleased to report that WICC and its portfolio companies have come...
2021-04-30 8:30 AM EDT
Shafeen Mawani Promoted to CEO at Fortress Insurance as Insurance Sales Growth Accelerates
High River, Alberta--(Newsfile Corp. - February 11, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or the "Company") today announced that Shafeen Mawani has been confirmed as President & Chief Executive Officer by the Board of Fortress Insurance Company ("Fortress"). This appointment completes a planned transition, where Shafeen has led the execution of growth plans for Fortress since WICC's original investment in May 2019, and will now do so with complete...
2021-02-11 8:00 AM EST
The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - January 19, 2021) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or the "Corporation") announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Western may purchase up to a total of 1,500,000 common shares in the capital of the Corporation ("Common Shares") representing approximately 5% of the Common Shares currently issued and outstanding (30,460,756 common shares were...
2021-01-19 6:39 PM EST
Western Investment Company Reports Net Income for 3rd Quarter up 20% over 2019 at $349,000, with Rapidly Accelerating Insurance Sales and Improving Profitability from Other Portfolio Investments
High River, Alberta--(Newsfile Corp. - November 24, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q3 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "During the summer months, we began to see the results of our work over the past year. While the economic headwinds continue to blow, we are meeting with some substantial success, led by...
2020-11-24 8:00 AM EST
The Western Investment Company of Canada Announces Hiring of Investor Relations and Market Making Professionals as Part of Capital Markets Focus in 2020 / 21
High River, Alberta--(Newsfile Corp. - August 26, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has engaged the services of Renmark Financial Communications Inc. to handle Western's investor relations activities. In addition, WICC has retained Independent Trading Group (ITG) Inc. as market maker for its shares on the TSX Venture Exchange and other trading platforms.Western CEO Scott Tannas commented "Western is a growing success...
2020-08-26 5:38 PM EDT
Western Investment Company Files Q2 Financial Statements on SEDAR Reporting Net Income for Quarter on Par with 2019 at $355,000 and CEO Provides Update to Shareholders
High River, Alberta--(Newsfile Corp. - August 24, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q2 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "At the beginning of the second quarter, WICC and its partners were exclusively focused on making sure that each investee company had the resources to come through to the other side of...
2020-08-24 9:00 AM EDT
Western Investment Company Files Q1 Financial Statements on SEDAR Including Non-Cash Write-Down of Goodwill. CEO Provides COVID-19 Update to Shareholders
High River, Alberta--(Newsfile Corp. - May 29, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q1 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "As we continue to navigate our way through this severely depressed economy, WICC and its partners have been focused on making sure that each investee company has the resources to come through to the...
2020-05-29 6:26 PM EDT
Western Investment Company 2019 Net Income up 11% to $1.25 million
High River, Alberta--(Newsfile Corp. - May 12, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that today it filed its financial statements and MD&A on SEDAR for the year ended December 31, 2019. Western reported net income of $1,252,643 for 2019, up from $1,131,531 the year before.WICC CEO Scott Tannas provided the following comments:"A large portion of our earnings came from investment gains in the year, which offset a drop in operating...
2020-05-12 5:16 PM EDT
Western Investment Company Announces Delay in Filing Annual Financial Statements
High River, Alberta--(Newsfile Corp. - April 28, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that due to circumstances created by the COVID-19 pandemic, it is relying on the exemption provided in Alberta Instrument 51-517 - Temporary Exemption from Certain Corporate Finance Requirements (the "Alberta Instrument") of the Alberta Securities Commission (and similar exemptions provided by the securities commissions in other Canadian...
2020-04-28 9:34 PM EDT
Western Investment Company CEO Provides COVID -19 Update to Shareholders
High River, Alberta--(Newsfile Corp. - April 14, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announced today that it has distributed a message to shareholders from President & CEO Scott Tannas.In his message to shareholders, WICC CEO Scott Tannas provided the following commentary: "The executive team at WICC is actively engaged in making sure that all our investee companies have the resources they need to manage through the COVID 19 crisis. We...
2020-04-14 8:30 AM EDT
The Western Investment Company of Canada Updates Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - March 4, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or the "Corporation") announces that, further to its news release dated January 13, 2020, all acquisitions of common shares of the Corporation by the Corporation pursuant to its normal course issuer bid will be made through the facilities of TSX Venture Exchange Inc. as well as other recognized Canadian exchanges and alternative trading systems. About The Western Investment...
2020-03-04 8:30 AM EST
Western Investment Company CEO Provides Third Anniversary Update
High River, Alberta--(Newsfile Corp. - February 13, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announced today that it has distributed a message to shareholders from President & CEO Scott Tannas.In his message to shareholders, WICC CEO Scott Tannas provided the following commentary: "Last December marked the third anniversary of the commencement of operations for The Western Investment Company, whereby we completed our initial investment in...
2020-02-13 8:30 AM EST
The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - January 13, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or the "Corporation") announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Western may purchase up to a total of 1,500,000 common shares in the capital of the Corporation ("Common Shares") representing approximately 4.9% of the Common Shares currently issued and outstanding (30,580,756 common shares were...
2020-01-13 8:30 AM EST