Crown Capital Partners Inc
333 Bay Street, Suite 2730 M5H 2R2 Toronto, ON, Canada

Crown Capital announced on Friday that it has received loan repayments from two of its partner companies. Crown received full repayment by CCI Wireless of a $5.5 million term loan from Crown Partners Fund, following the recent acquisition of CCI by Xplornet Communications. Crown also received $7 million from Mill Street & Co. Inc. In May 2018, Crown completed a $10 million, 10-year loan with Mill Street through Crown Private Credit Fund, a wholly owned subsidiary of Crown. C...rown expects to realize further proceeds from Mill Street in late 2020 and early 2021. We congratulate the CCI team on this transaction and wish them continued success. While it was a short-term loan, this was another successful investment for the investors in Crown Partners Fund, said Chris Johnson, President and CEO of Crown. Consistent with our plan, the proceeds from these two realizations will be used to pursue strategic opportunities and rationalize our capital structure. To learn more about the announcement, please visit tinyurl.com/y3722mme.

Crown Capital is pleased to announce the expansion of its network services by acquiring Galaxy Broadband Communications Inc., an Ontario-based satellite service company. Galaxy provides remote data communications, VoIP, and internet access to a range of enterprise customers in remote locations, where limited or no connectivity exists. We believe [Galaxy] has significant long-term opportunity driven by the need to better connect private enterprise customers, government entiti...es and communities in underserved areas, said Chris Johnson, President & CEO of Crown. The acquisition of Galaxy represents Crown’s second transaction in the Network Services industry, following the 2019 acquisition of WireIE, which operates as a wholly-owned subsidiary of Crown. To learn more about the announcement, please visit tinyurl.com/yyhye26v.

#Technology #Legal #COVID19 Learn how our partner company, VIQ Solutions, is helping the courts and the legal industry successfully adopt modern digitalized technology to keep the wheels of justice turning. Courtrooms are now embracing the use of digital video and web-based conferencing technology to carry out civic duties and to better manage their caseload.

Liquefied Natural Gas also known as LNG is a clean-burning fuel used to power remote communities and industry with minimal environment risks. Our friends at Ferus Natural Gas, one of Crown Capital’s jewels and partner company, are providing dependable, economic and sustainable energy for Canadians. Read up on how Ferus is contributing to a cleaner future for Canada at tinyurl.com/yyrfuwrc.

#Retail #ThoughtLeadership #COVID With COVID-19 affecting every industry, retailers are hoping to lift their sales during the back-to-school season. According to Crown Capital company partner DataCM, if retailers want to win over consumers, marketing and communications need to be flexible and targeted locally as regional back-to-school policies vary from region to region, and board to board. ... To read more, please visit: tinyurl.com/y65nmscg.

Yesterday, SWITCH Power announced a new partnership with Crown Capital, and have formed a joint entity to finance, own and operate multiple sustainable power generation assets across North America. SWITCH Power is an Alberta-based sustainable power developer, asset manager and producer that develops, builds, finances and operates sustainable energy power generation projects in utility, behind the meter and off-grid scenarios. Crown will provide project financing through its d...istributed power business, with SWITCH originating, developing, constructing, managing and operating the assets. SWITCH has a current pipeline of 400MW of sustainable power projects and an initial capital deployment greater than $100 million over the next 18-months, across several diverse projects ranging from distributed solar, flare gas to power, cogeneration and hybrid generating facilities (solar and storage) across its target markets. To learn more about the announcement, please visit https://lnkd.in/gBiMdqS.

#Data #Connectivity #BusinessSolutions One of the challenges with wireless data and connectivity solutions are limitations to the amount of data customers consume. CCI Wireless, a Crown Capital partner company, is known for its superior customer service, support and unlimited data cap availabilities in Western Canada. A core foundation of the company has always been to provide the best connectivity solutions possible without data limitations.... Read more: https://cciwireless.ca/unlimited-data-is-core-to-connectin/

#ThoughtLeadership #ThinkPiece #Retail #COVID Our partner company DCM penned a thought leadership piece on how traditional retailers are shifting their marketing and communications strategies - by venturing into more experiential spaces and having store-in-a-store offerings like Starbucks - in order to better engage consumers.

#ThoughtLeadership #BusinessSolutions One of Crown’s jewels our partner company VIQ Solutions is filling the void with technology solutions that is helping to modernize the legal industry. VIQ have assisted the courts and police to securely speed the capture, creation and management of large volumes of evidentiary content, as well as preserve audio and video to deliver accurate transcripts of proceedings, interviews and evidence.... To learn more, please visit VIQ's website at https://viqsolutions.com/.

Yesterday, we announced our Q2 2020 financial results. We’re pleased to report that our total revenue increased 21% to $13.3 million from $11 million in Q2 2019, and our total interest revenue was $7.2 million, up 26% compared with $5.7 million in Q2 2019. Other key highlights in the report include our Crown Power Fund has established a new relationship with a seventh operating partner, focused on providing distributed power solutions to commercial end users in Eastern Canada...; Crown Partners Fund has advanced an additional $5 million to CareRx (formerly Centric Health Corporation) under its $30 million loan commitment, increasing the loan to $27 million; as well as an early repayment by Touchstone Exploration of a $20 million special situations loan. Consistent with the strategic priorities we outlined in Q1 2020, our team is working diligently to expand our investment platforms Alternative Corporate Financing, Distributed Power and Network Services while we are beginning the difficult but necessary work to reposition our balance sheet and transition to a capital-light business, said Chris Johnson, President and CEO of Crown. Our focus on downside protection has served us well during past downturns and, now five months into the COVID-19 pandemic, our investment portfolio is currently in stable condition overall we are likely entering a strong cycle for our key lines of business, and we plan to expand our fund management business to capitalize on this expected growth. For more information about our Q2 2020 results, please visit: tinyurl.com/y38eadr5.

CareRx one of Crown’s portfolio companies is modernizing pharmacy services for Canadians. Last month, CareRx announced the launch of Pharmacy At Your Door, a new digital business providing a safe and easy alternative for Canadians to meet their pharmacy needs without leaving their homes. The initiative launched in Calgary delivers a convenient, safe and cost effective at-home pharmacy experience that will better serve our seniors.... #Health #CustomerService #Delivery

Crown Capital is pleased to announce the full repayment of a loan by Touchstone Exploration, a Calgary-based petroleum and natural gas company. In November 2016, Crown Capital provided a $15.0 million, 60-month term loan to Touchstone. The term loan was later increased to $20.0 million and the maturity was extended to November 2023. The arrangement also included a production payment agreement (maturing October 31, 2023), entitling Crown Partners Fund to a quarterly payment of... 1.33% of Touchstone’s gross revenue from production. The Touchstone team has done an outstanding job executing its growth plan during a generally challenging period for the oil and gas industry, benefiting from a low-cost production model and an increasing focus on natural gas, said Chris Johnson, President and CEO of Crown. For more information about our announcement and many of Crown’s services, please visit https://crowncapital.ca/investor-relations/.

#CrownCapital #NewWebsite #Redesign We have undergone a quiet visual website redesign. Visit our new website and sign up for our newsletter for corporate and investor relations news about Crown: http://crowncapital.ca