SmartCentres Real Estate Investment Trust announced that it is satisfied with Court-ordered amendments to the plan of arrangement (the "Plan") whereby Choice Properties Real Estate Investment Trust (“Choice Properties”) will acquire Canadian Real Estate Investment Trust (“CREIT”). SmartCentres had initiated its challenge of the original Plan based on its concern as a co-owner of 8 shopping centres with CREIT. The Choice acquisition of CREIT results in an effective change of control of the co-owner in these shopping centres from a widely held real estate investment trust to one that is controlled by a large retailer, Loblaw Companies Limited. The amendments mandated by the Court satisfy the concerns of SmartCentres.
Arctic Zero®, the brand that introduced a better-for-you ice cream alternative eight years ago, today announced its expansion to Canada, making its original lactose-free frozen desserts available internationally for the first time. Arctic Zero is whey protein-based, lactose-free, low fat, low sugar and low in calories with fat-free and gluten-free options. The product is a popular dessert option for those who seek the taste and satisfaction of ice cream but are focused on fitness and dietary goals or are on restricted diets. Starting this month, select supermarkets and independent grocers in Canada will sell Arctic Zero pints in seven flavors.