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- Glooscap First Nation celebrates grand opening of the Kluskap Market
New market brings fresh seafood to the Annapolis Valley FOR IMMEDIATE RELEASE AUG 16, 2026: LOCKHARTVILLE, N.S. — Glooscap First Nation celebrated the grand opening of the Kluskap Market on Sunday, marking an important step in the Nation’s long-term plan to strengthen its own-source revenue through Nation-owned businesses. Initially, the market is expected to create 10 full-time and 20 part-time jobs while providing residents of the Annapolis Valley with greater access to fresh, local and affordable Atlantic Canadian seafood. Operated by Glooscap Ventures, the investment arm of Glooscap First Nation, the market works with local suppliers, with much of its seafood sourced from Glooscap Seafood, another Nation-owned business. Glooscap Seafood harvests, processes and sells Atlantic Canadian seafood from its Yarmouth Bar facility. In addition to seafood, the market offers fresh produce, deli meats and an assortment of baked goods. Roughly half of the market’s power comes from solar energy, with plans to add more panels and eventually run the market fully on solar power. The site also has four high-speed charging stations for electric vehicles. The Government of Canada contributed $678,976 toward the project through Indigenous Services Canada, supporting Glooscap First Nation’s efforts to grow Nation-owned businesses, create local jobs and generate long-term benefits for the community. The project is yet another example of Glooscap Ventures’ broader approach to economic development: building and growing Nation-owned businesses that generate long-term revenue and good, well-paying jobs. Quotes “This is a proud day for our community. When we broke ground last year, we talked about building a stronger future for Glooscap. Today, we are seeing that work come to life. This market will create jobs, support our businesses and bring money back into our community. That money helps us put roofs over our families, support our young people in school and make sure our community has what it needs. This is how we take care of each other and build a stronger future for our children and grandchildren. We are thankful to the Government of Canada for helping us make this market a reality.” — Chief Sidney Peters, Glooscap First Nation “Glooscap is the gold standard in Canada for Indigenous leadership in business and commerce. The opening of Kluskap Market is yet another example of a positive initiative that Glooscap Ventures has taken on to retail and support the agricultural and seafood sector in Nova Scotia, and another example of how the community through Glooscap Ventures is building economic resilience for the people they serve.” —Kody Blois, Member of Parliament Kings-Hants “The new market brings together several of the businesses we have built at Glooscap Ventures. Our construction company helped build it, our seafood business helps stock it and now the market is creating more jobs here at home. We want to keep building businesses that support each other and bring more of the benefits back to Glooscap First Nation.” — Michael Peters, CEO, Glooscap Ventures About Glooscap Ventures Glooscap Ventures is the investment arm of Glooscap First Nation, one of 13 Mi’kmaw communities in Nova Scotia. It is fully owned by the Nation and invests in industrial services, seafood, energy and retail. Revenues support community programs and the Nation’s long-term economic self-sufficiency. Photos from the event are available upon request -30- Media contact: Rachel Strong, Texture Communications Mobile: 416-735-9255 Email: rachel@yourtexture.com
- Coast-to-Coast Indigenous Partnership Advances New Model for Participation in Canada’s Future Submarine Program
FOR IMMEDIATE RELEASE July 26, 2026 – Songhees Development Corporation, Des Nedhe Group Defence and Glooscap Ventures are welcoming the selection of their partner, ThyssenKrupp Marine Systems Canada Ltd. (TKMS), as the preferred supplier for Canada’s landmark Canadian Patrol Submarine Project, calling it an important milestone for Canada’s future naval capability, sovereign defence capacity and Indigenous economic participation. Earlier this year, the three Nation-owned economic development organizations entered into a cooperation agreement with TKMS to establish a Pan-Canadian framework to advance Indigenous participation in support of Canada’s future submarine capability. The agreement creates structured pathways for Indigenous participation across industrial activities, workforce development, Industrial and Technological Benefits (ITB) delivery, governance and longterm sustainment initiatives connected to the Canadian Patrol Submarine Project. As the project moves from supplier selection toward negotiation, industrial planning and implementation, the partners say the next phase will test how early Indigenous engagement is translated into delivery, workforce development, governance and long-term economic outcomes. “This partnership demonstrates what commercially focused Indigenous participation can look like in a major national program,” said Rob Dick, Director, Songhees Development Corporation Board of Directors.“It brings Indigenous economic partners into the structure of the work from the outset, with shared accountability and a focus on delivery. This is a disciplined business approach to building value and strengthening Canada’s industrial base.” The Canadian Patrol Submarine Project is one of the most significant defence procurement initiatives in a generation. It is intended to strengthen Canada’s maritime security, support Arctic and coastal sovereignty, and create long-term industrial and sustainment opportunities across the country. “Canada is making generational investments in its sovereign defence capability, and Nation-owned businesses have the expertise, relationships and delivery capacity to be full partners in that work,” said Sean Willy, CEO of Des Nedhe Group “This opportunity goes beyond participation targets or subcontracting. It is about Indigenous leadership helping shape the long-term industrial benefits that come from these investments.” The Pan-Canadian framework brings together Indigenous economic partners from the West Coast, the Prairies and Atlantic Canada. The partners say that national reach is critical to ensuring Indigenous participation reflects the scale, geography and long-term nature of Canada’s submarine program. For Glooscap Ventures, the agreement represents an opportunity to build durable economic value for Indigenous communities and workers in Atlantic Canada and across the country. “The value of a program like this is measured by the careers it creates, the businesses it helps grow and the opportunities it opens for the next generation,” said Michael Peters, CEO of Glooscap Ventures. “We want more Indigenous people building careers, starting businesses and helping lead the industries that will shape Canada's future.” The future of Canadian naval sovereignty is taking shape, and the partners say Indigenous economic leadership has an important role to play in helping build it. Songhees Development Corporation, Des Nedhe Group Defence and Glooscap Ventures look forward to continuing their work with TKMS as the Canadian Patrol Submarine Project moves into its next phase. Songhees Development Corporation Songhees Development Corporation is the economic development corporation of Songhees Nation, located in lək̓ʷəŋən territory in what is now Greater Victoria, British Columbia. The corporation advances Songhees Nation’s economic priorities through profitable business ventures, strategic partnerships and investments that support community priorities and future growth. Guided by the Nation’s values, its work supports financial self-reliance, entrepreneurship, workforce development, and lasting value for Songhees Nation and its members. Des Nedhe Group Defence Des Nedhe Group Defence is a Nation-owned defence and security company and a primary division of Des Nedhe Group, the economic development organization of English River First Nation in Saskatchewan. DNG Defence brings together the capabilities, experience and partnerships of the Des Nedhe Group of Companies to support Canada’s defence priorities through strategic partnerships, project and program delivery, infrastructure, data and security solutions, environmental services, community engagement, marketing and communications, workforce development and Indigenous-led industrial participation. Glooscap Ventures Established in 2014, Glooscap Ventures is the investment arm of Glooscap First Nation, a Mi’kmaq community located on mainland Nova Scotia. 100% owned by Glooscap First Nation, Glooscap Ventures creates economic growth, own-source revenue and employment opportunities through strategic investments, partnerships and community-owned businesses. Its diversified portfolio includes defence, security, consulting, renewable energy, seafood, retail, real estate, and gaming. Guided by its mandate to make the community more prosperous each day, Glooscap Ventures reinvests profits to support the long-term sustainability, strength and prosperity of Glooscap First Nation and its members. Media Contact: Brett Bradshaw Director, Communications & Community Engagement Creative Fire bbradshaw@creative-fire.com
- Coalition of First Nations Sign Strategic Agreement with ThyssenKrupp Marine Systems to Support Canada’s Submarine Program
KIEL, Germany; February 24, 2026 – The investment arms of Glooscap First Nation, Songhees Nation and English River First Nation have signed a Letter of Intent (LOI) with ThyssenKrupp Marine Systems (TKMS), establishing a Pan-Canadian framework for Indigenous participation in support of TEAM 212CD and the Canadian Patrol Submarine Project (CPSP). The LOI outlines the basis for collaboration should TKMS be selected by the Government of Canada. The Indigenous partners bring together Nation-owned enterprises from across Canada, aligning regional capabilities with the national scale and strategic significance of the CPSP. The collaboration is intended to strengthen industrial, economic and workforce participation connected to Canada’s future submarine capability, while creating direct economic opportunities for Glooscap First Nation’s portfolio companies over the life of the project, including potential work in construction, security and industrial services. Participation at this scale could represent millions of dollars in contracts for Nation-owned businesses. While the federal Request for Proposal requires a minimum five per cent Indigenous procurement target, the partnership has a shared ambition to meaningfully exceed this participation target over the life of the project, reflecting a commitment to long-term Indigenous economic growth within a program that may reach as high as $100 billion. “This agreement demonstrates that First Nations are ready to lead on one of the largest industrial projects in Canadian history,” said Chief Sidney Peters of Glooscap First Nation. “We are not focused on meeting minimum requirements. We are building a long-term industrial partnership that delivers real investment returns on projects of national scale and strategic importance.” The agreement provides TKMS with a defined industrial framework to meet and exceed Canada’s Procurement Strategy for Indigenous Business and Industrial and Technological Benefits (ITB) obligations. Under the ITB policy, investments with qualified Indigenous enterprises generate high-value credits within the federal procurement system. Through the LOI, the parties intend to work together to define mechanisms that enable meaningful Indigenous participation across industrial activity, workforce development, and long-term sustainment initiatives. The signing took place in Kiel at the largest shipyard in Germany, where delegation members toured facilities constructing one of the most advanced conventional submarine platforms in the world. A key objective of the partnership is the transfer of shipbuilding and sustainment expertise to Canadian facilities to ensure domestic industrial capacity for the long-term support of the fleet. “This is about securing generational opportunity,” said Chief Peters. “Our Nations intend to be central partners in building and sustaining critical defence infrastructure for Canada. We want our young people to see a future in projects like this - as engineers, tradespeople, leaders and business owners. That is what long-term opportunity looks like.” Media Contact: Rachel Strong, Texture Communications rachel@yourtexture.com (416) 735-9255
- Glooscap Ventures expands fishing fleet with acquisition of Knot Too Shore vessel
Yarmouth, Nova Scotia: Glooscap Ventures, the investment arm of Glooscap First Nation, has reached an agreement to acquire the fishing vessel Knot Too Shore F/V, including all gear and equipment, as part of its continued investment in community-owned fishing operations. The transaction includes the purchase of both a lobster licence and a herring licence, marking the Nation’s first entry into the herring fishery. With this acquisition, Glooscap’s fishing fleet expands to five vessels, increasing harvesting capacity while supporting diversification across species. The Knot Too Shore will operate in the Yarmouth fishing area and comes with an experienced captain and crew, who will continue working with the vessel. Glooscap First Nation welcomed the crew as part of its growing fishing operations. “This purchase strengthens our fishing fleet and increases our ability to harvest lobster, while also giving us our first access to the herring fishery,” said Chief Sidney Peters. “Adding another vessel and experienced crew helps grow our operations on the water and supports stable, long-term work in our fishing business.” The transaction reflects Glooscap First Nation’s long-term approach to economic development and investment, focused on acquiring and operating established, profitable assets and businesses that generate sustainable returns for the Nation and its members, without taking on debt. It also reflects Glooscap Ventures’ integrated ownership model, where the Nation owns and controls its businesses, strengthens its operations across sectors, and keeps economic benefits in the community to support future generations. “This is about building long-term economic returns for the Nation,” Peters said. “Owning the vessels, licences and processing allows us to retain more of the value from the fishery and reinvest it in the community, creating steady benefits for our members over time.” Glooscap Ventures also owns 100 per cent of Yarmouth Bar Fisheries, where lobster harvested by the fleet is processed and distributed to domestic and international markets. With this acquisition, Glooscap First Nation now holds seven LFA 34 lobster licences across five fishing vessels. The Nation also holds licences in groundfish, crab, clams, herring, and tuna. About the Knot Too Shore F/V: Built in 2018, the Knot Too Shore F/V is a modern fishing vessel with a gross tonnage of 44.44 tonnes. The vessel measures 49 feet in length, with a breadth of 29 feet and a depth of nine feet. Media Contact: Rachel Strong (416)-735-9255 Rachel@yourtexture.com
- Glooscap Energy wins national Indigenous clean energy award
Glooscap’s mission is to do something today that makes the community stronger for tomorrow. Toronto, October 7, 2025 : Glooscap Energy, a wholly owned subsidiary of Glooscap Ventures, the investment arm of Glooscap First Nation, has been named Indigenous Clean Energy Company of the Year by the Canadian Renewable Energy Association (CanREA). The award was presented last night at CanREA’s flagship conference, Electricity Transformation Canada , in Toronto. From a rural community of fewer than 500 members in Nova Scotia, Glooscap First Nation has built a growing clean energy portfolio that shows how small Nations can lead big change. Glooscap’s burgeoning clean energy division spans commercial, residential and industrial development, ensuring long-term environmental and economic benefits for Glooscap and its neighbours. As the majority owner of the Weavers Mountain and Sugar Maple wind projects, developed with SWEB Development in northern Nova Scotia, Glooscap is helping to power the province’s clean energy future. Together, the projects will produce more than 200 megawatts of clean power, creating jobs and lasting opportunities for local communities. Glooscap is also advancing 18 megawatts of solar energy, with one megawatt already powering community facilities and five EV chargers installed for public use. Through the Wskijinu’k Mtmo’taqnuow Agency, Glooscap First Nation continues to work with other Mi’kmaq Nations on wind energy projects across Nova Scotia, sharing knowledge and expanding benefits for Indigenous and host communities alike. Glooscap’s mission is to do something today that makes the community stronger for tomorrow. Its clean energy projects have created jobs, generated revenues for housing, health, recreation and education, and positioned the Nation as a leader in Canadian clean energy. Grounded in Mi’kmaq values, Glooscap shows that Indigenous communities are leading Canada’s energy transition. “This award shows what we can do when we work together,” said Glooscap First Nation Chief Sidney Peters. “Glooscap First Nation is proud to lead clean energy projects in our community and to contribute to regional efforts with other Mi’kmaq Nations through the Wskijinu’k Mtmo’taqnuow Agency. Together, we honour the land and water and build opportunities that will benefit generations to come. This is the true strength of Indigenous leadership and partnership.” The inaugural CanREA Awards celebrate exceptional projects and organizations advancing Canada’s renewable energy and energy storage industries. “Today, we celebrate the innovators, trailblazers and changemakers who are driving Canada’s clean energy transformation,” said Vittoria Bellissimo, CanREA’s President and CEO. “The winners of the inaugural CanREA Awards exemplify the leadership, ingenuity and commitment needed to build our electricity future. From groundbreaking projects to Indigenous-led excellence and behind-the-meter innovation, these honourees are setting the standard for what’s possible in wind, solar and energy storage across Canada.” In 2024, Glooscap’s renewable energy projects and efficiency upgrades reduced emissions by 220 tonnes. Revenues continue to fund community priorities, while investments in scholarships and cultural programs ensure lasting benefits for future generations. Beyond infrastructure, Glooscap Energy directs benefits to First Nations, host communities and underrepresented groups through targeted procurement, training and partnerships with organizations such as WiRE, African Nova Scotian communities and youth cultural and sports programs. Glooscap also extends heartfelt congratulations to the other CanREA award recipients, including the Six Nations of the Grand River Development Corporation and Boralex for their groundbreaking Hagersville Battery Energy Storage Park, and to Jayman Built's for thier pioneering behind the meter initiative, Solar is Not an Option. About CanREA The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage in Canada. Its mission is to enable Canada’s energy transition and help achieve net-zero greenhouse gas emissions by 2050. About Glooscap Energy Glooscap Energy is the clean energy subsidiary of Glooscap Ventures, the economic development corporation of Glooscap First Nation, one of 13 Mi’kmaw communities in Nova Scotia. It invests in renewable energy projects across the province, developing renewable projects in wind, solar, and storage that strengthen both the economy and the environment.
- Glooscap Ventures Breaks Ground on New Seafood Market
Glooscap First Nation — Glooscap Ventures, the investment arm of Glooscap First Nation, broke ground today on its latest portfolio company: a new seafood market. Located at Glooscap Landing, this latest development marks a critical step in Glooscap First Nation’s long-term plan to strengthen its own-source revenues through Nation-owned businesses. The Market at Glooscap Landing, scheduled to open later this year, is being built by Kluskap Lindsay Construction, a joint venture between Lindsay Construction and Glooscap Ventures. This partnership is an intentional move to accelerate investment and drive growth within Glooscap First Nation. Once open, the market is expected to create 10 full-time jobs, along with 20 part-time positions. The market will also provide residents of the Annapolis Valley with much-needed access to local, fresh, and affordable seafood. “This seafood market shows how serious we are about building a stronger future for our community,” said Chief Sidney Peters. “The revenue it brings in helps us take care of what matters: putting roofs over our families, supporting our young people in school, and making sure our community has what it needs. This is how we look after each other. This is how we build a future our grandchildren can be proud of.” Many local suppliers will be involved, but the majority of the market offerings will be sourced from Glooscap Seafood, another Nation-owned business. Glooscap Seafood harvests, processes and sells Atlantic Canadian seafood out of its Yarmouth Bar facility. In addition to seafood, the market will offer fresh produce, deli meats and an assortment of baked goods. “This market expansion is the latest step in our broader investment strategy,” said Michael Peters, CEO of Glooscap Ventures. “By aligning our construction, seafood, and market operations, we are creating a more resilient business model that generates long-term value. Our focus continues to be on making smart investments that will deliver results for the community today and build financial security for the future.” The project reflects Glooscap Ventures’ broader approach to development: building and acquiring businesses the Nation owns and controls, generating long-term revenue and creating local benefits that support future generations. It also demonstrates the strength of Glooscap’s integrated model: one where each enterprise reinforces the next, and profits stay in the community. About Glooscap Ventures Glooscap Ventures is the economic development corporation of Glooscap First Nation, one of 13 Mi’kmaw communities in Nova Scotia. It is fully owned by the Nation and invests in industrial services, seafood, energy, and retail. Revenues support community programs and long-term self sufficiency. Media Contact: Rachel Strong Texture Communications Mobile: 416-735-9255 Email: rachel@yourtexture.com
- Glooscap Ventures Launches Kluskap Security Services
Glooscap First Nation — May 14, 2025 — Today, Glooscap Ventures announced the launch of Kluskap Security Services, a full-service security company offering reliable, scalable solutions to commercial, industrial, and public sector clients. Glooscap Ventures, the investment arm of Glooscap First Nation, was established to lead the Nation’s economic development through strategic investments, partnerships, and the creation of sustainable business opportunities. Kluskap Security will join the growing ranks of portfolio companies under its Glooscap Defence umbrella, which plays a key role in advancing Indigenous participation in Canada’s defence, aerospace, and security sectors. Kluskap Security Services will focus on three pillars: Intelligence: Monitoring and information gathering to detect, assess, and respond to security concerns. Services include surveillance, threat assessment and reporting to support timely decision-making and site-level security planning. Loss Prevention: Delivering on and off-site surveillance and trained personnel to prevent theft, limit unauthorized access and reduce losses at retail, commercial, construction and industrial sites. Guard Services: Providing proactive protection for communities, commercial properties, and critical infrastructure. Kluskap Security also supports long-term economic development by helping Indigenous peoples achieve financial independence and self-determination through employment, training, and leadership opportunities across its operations. Quotes: “The launch of Kluskap Security is another example of Glooscap Ventures’ commitment to fostering financial independence for Glooscap First Nation. Our expansion into the security sector not only broadens our operational o=erings but also highlights the innovation Indigenous people bring to vital industries, such as safety and security. ” -Chief Sidney Peters of Glooscap First Nation “The launch of Kluskap Security represents a strategic investment in the growth of both the security sector and economic opportunity for Glooscap First Nation. Our focus is on delivering high-quality, cost-e=ective security solutions while creating long-term employment and business opportunities for our community.” -Michael Peters, CEO of Glooscap Ventures “Kluskap Security Services represents the next step in our growth as a trusted provider in the defence and security space. We are focused on delivering reliable, high-quality security services while creating opportunities for First Nations people and veterans to contribute their skills and leadership to a rapidly evolving sector.” - Mike MacDonell, President of Glooscap Defence About Glooscap Ventures: As the investment arm of Glooscap First Nation, we are dedicated to creating economic growth and sustainability for the community through strategic investments and partnerships across various sectors. We are focused on helping our Glooscap family thrive. For more information, please contact: Media Contact: Rachel Strong, rachel@yourtexture.com Glooscap Ventures: media@glooscapventures.com
- Weavers Mountain Wind Energy Project Reaches Financial Close
The Weavers Mountain Wind Energy Project and Canada Infrastructure Bank (CIB) have reached financial close on a $117.4 million loan to support the construction of a 94.4-megawatt wind project in Nova Scotia's Antigonish and Pictou counties. The Weavers Mountain Wind Energy Project will feature 16 Nordex turbines at a 125-metre hub height, with anti-icing system blade technology and a 25-year power purchase agreement. Glooscap First Nation will hold a majority stake in a joint venture with SWEB Development. The project will be supported by Desjardins Group, which will provide $105.6 million in credit facilities, while Natural Resources Canada will contribute $25 million in grants. The financing will help fund the installation of wind turbines and associated electricity infrastructure. The project aims to reduce annual emissions by about 221,000 tonnes CO2e, equivalent to 1.5% of Nova Scotia's total emissions in 2022. This clean energy initiative supports the decarbonization of the Nova Scotia electrical grid, contributing to more reliable, affordable electricity for ratepayers and accelerating the province's energy transition. Nova Scotia aims to achieve 80% of energy from renewables by 2030, with a goal to reduce greenhouse gas emissions from electricity generation by more than 90%. The wind project is expected to begin commercial operations in late 2026, marking an important step forward in the province's transition towards a more sustainable future. "SWEB Development, in partnership with Glooscap First Nation, is proud to support Canada and Nova Scotia's emission reduction goals through the Weavers Mountain Wind Energy Project. This initiative demonstrates how collaboration can drive clean, affordable electricity solutions. We appreciate the support of the CIB, Natural Resources Canada, and the Desjardins Group in turning this vision into a reality. Projects like Weavers Mountain are key to lowering energy costs, boosting the local economy, and creating jobs for Nova Scotians." Rory Cantwell, Chief Executive Officer, SWEB Development "Our latest wind investment in Nova Scotia will further support the province's decarbonization efforts. The wind farm, majority owned by the Glooscap First Nation, will generate clean, renewable power and leverage the province's support for similar projects. The CIB has already backed three wind farms and one energy storage project in the province and a transmission intertie between Nova Scotia and New Brunswick, contributing to the region's efforts to phase out coal generation while creating new economic opportunities." Ehren Cory, CEO, Canada Infrastructure Bank "The CIB's loan will generate clean affordable energy, while creating jobs that support Nova Scotia's goal to decarbonize the electric grid." Hon. Sean Fraser, Member of Parliament for Central Nova, on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities "Developers and industry are seeing the opportunity for large-scale wind projects in Nova Scotia. With the Weavers Mountain project, the Mi'kmaq of Nova Scotia and industry are partnering to bring green jobs, help stabilize electricity rates and add more clean electricity to our grid. Advancing wind projects like this one is how we use our natural resource to our best advantage." Hon. Nova Scotia Energy Minister Trevor Boudreau "As stewards of the land, water and natural resources, we are committed to protecting what sustains us while creating lasting economic opportunities for our people. By owning 51 per cent of the WEB Weavers Mountain Wind project, we are ensuring our community benefits directly while supplying clean energy to Nova Scotia. This initiative will deliver reliable, affordable electricity to ratepayers, generate long-term economic benefits for our Nation and serve as an example of how Indigenous communities can lead meaningful change and build a sustainable future for all." Chief Sidney Peters, Glooscap First Nation
- Glooscap Ventures and Lindsay Construction Announce Joint Venture
Halifax, Nova Scotia, February 11, 2025 – Glooscap Ventures and Lindsay Construction are pleased to announce the formation of a new joint venture, Kluskap Lindsay, aimed at securing and executing large scale construction projects. This strategic collaboration brings together Lindsay Construction’s industry-leading capabilities and Glooscap Ventures’ innovative commercial expertise, reinforcing a shared commitment to excellence and economic growth. The strength of this partnership ensures that both companies are at the forefront of evolving market opportunities. “This joint venture represents an exciting opportunity to combine our strengths and expertise to drive economic development and create opportunities for our nation,” comments Chief Sidney Peters, Glooscap First Nation. “By leveraging Lindsay Construction’s extensive industry knowledge and Glooscap Ventures’ strategic approach, we are building a partnership that will deliver high-impact projects across the region and beyond.” “This collaboration is a natural fit,” comments Cory Bell, President & CEO, Lindsay Construction. “We are excited to work with Glooscap Ventures to bring impactful projects to life. Together, we will be able to create lasting value and drive innovation in commercial, defense, infrastructure and institutional projects.” The new venture began operations earlier this month across multiple projects, and will continue to explore additional projects, reinforcing its commitment to fostering economic growth and strengthening Indigenous participation in the construction industry. About Glooscap Ventures Glooscap Ventures is the investment arm of Glooscap First Nation, focused on creating sustainable business opportunities and long-term economic growth for its nation. With interests spanning multiple industries, Glooscap Ventures is committed to driving innovation and fostering meaningful partnerships. About Lindsay Construction Lindsay Construction is a premier Atlantic Canadian construction firm with over six decades of experience in delivering high-quality commercial, industrial, and institutional projects. As trusted building partners, they are committed to shaping communities through excellence, integrity, and lasting impact. Media contact: Tara Wickwire Tara@itsthemessage.ca 902.403.6391
- Glooscap First Nation and SWEB Development Awarded Three Wind Energy Projects to be Built in Nova Scotia
Jan 27, 2025 - Kjipuktuk, Mi'kma'ki Glooscap First Nation and Halifax-based SWEB Development are pleased to announce three of their proposed wind energy projects have been chosen to deliver green electricity to Nova Scotia ratepayers through the province’s Green Choice Program. The projects are expected to have a generation capacity of 315 MW, which will contribute to phasing out Nova Scotia’s reliance on coal power plants and meeting local electricity demand. “As a Nation, we are committed to meaningful action that balances economic reconciliation with environmental stewardship," says Glooscap First Nation Chief Sidney Peters. "We aim to build meaningful partnerships that protect the well-being of our community while addressing the need for cleaner, more sustainable energy sources. By advancing clean energy in Nova Scotia, we are protecting the land, water, and ecosystems that sustain us and ensuring a healthier, more sustainable future for generations to come.” Two of the wind energy projects, Yellow Birch and Sugar Maple, will be located in Pictou County. The third, Blueberry Acres, is planned in Cumberland County. The total of all awarded wind projects is anticipated to produce energy at an average cost of $63.62 per megawatt hour, which is below the average electricity cost in Nova Scotia. "We are honoured to be awarded these projects, which represent a critical milestone in Nova Scotia's transition to clean energy," said Rory Cantwell, CEO of SWEB Development. "We are proud to be co-owners with Glooscap First Nation on these projects, ensuring that the benefits of renewable energy stay in local communities. Together, these wind projects will provide affordable, sustainable energy while helping Nova Scotia ratepayers save money on electricity costs.” Glooscap First Nation and SWEB Development are deeply committed to supporting the communities they serve by building strong local partnerships and fostering strong community connections. The three projects have committed approximately eight million dollars over their lifespans, which will be allocated to host communities, Glooscap and Pictou Landing First Nations, and local not-for-profit organizations. This is in addition to more than 80 million dollars in taxes paid to the host municipalities over 25 years. “We work with not-for-profit organizations such as Women in Renewable Energy and Winds of Change, supporting their initiatives for marginalized communities through financial contributions, volunteer efforts, and other resources tailored to their specific needs,” remarks Cantwell. "These projects represent a significant step forward, not only in advancing environmental sustainability but also in addressing gender disparity within the renewable energy sector," said Joanna Osawe, President of Women in Renewable Energy (WiRE). "Renewable energy offers a tremendous opportunity for innovation and growth, yet women remain underrepresented in this field. By incorporating initiatives that actively support and elevate women, these projects demonstrate a commitment to fostering diversity and inclusion within an industry that is shaping the future.” Since 2014, SWEB has established a proven track record of sharing the benefits of its wind energy projects with communities across Atlantic Canada. In Nova Scotia, SWEB and its partners' existing wind energy projects have contributed hundreds of thousands of dollars to support a range of initiatives, including a Museum on the South Shore, a Lions Club in Cape Breton, a Community Society on the Bay of Fundy and a Community Hall near Nine Mile River. These contributions reflect SWEB’s commitment to fostering sustained local growth and strong community connections. The Green Choice Program, a key component of Nova Scotia’s Clean Power Plan, advances the objectives of the Environmental Goals and Climate Change Reduction Act. The program was designed to provide large Nova Scotia Power customers—including hospitals, schools, universities, municipalities, and businesses—with affordable, clean electricity. Media Contacts: Coralee Lewis – SWEB Development Communications and Stakeholder Relations Manager SWEB Development P: 902 818 3729 E: Coralee.lewis@sweb.energy Rachel Strong – Glooscap First Nation Senior Director Texture Communications P: 416-735-9255 E: rachel@yourtexture.com
- Indigenous Gaming Partners successfully acquires PURE Canadian Gaming from ONCAP
Pure Canadian Gaming Logo Halifax, Toronto & Edmonton – December 10, 2024 – Indigenous Gaming Partners (“IGP”) announced today the successful acquisition of PURE Canadian Gaming (“PURE” or the “Company”) from ONCAP, the lower mid-market private equity platform of Onex (TSX:ONEX), for an undisclosed amount. Supported by VICI Properties Inc. (NYSE: VICI) (“VICI Properties”), the transaction was finalized following regulatory approvals from Alberta Gaming, Liquor & Cannabis (AGLC) and the Canada Competition Bureau. This acquisition represents a major milestone for IGP, a newly formed gaming company established by five Nova Scotia-based First Nations—Glooscap First Nation, Millbrook First Nation, Annapolis Valley First Nation, We’koqma’q L’nue’kati, and Paqtnkek Mi’kmaw Nation—in partnership with Sonco Gaming Inc., a leader in Indigenous-owned casino development and management. PURE Canadian Gaming, based in Edmonton, Alberta, operates four premier casinos across Alberta, employing a team of 1,100 dedicated professionals who deliver exceptional gaming, dining, and entertainment experiences. PURE’s operations include state-of-the-art gaming facilities, event hosting, fine dining, and more, establishing the company as a leader in the Alberta gaming industry. “We’re excited to take this significant step forward in diversifying and building lasting economic opportunities for our Nations,” said Michael Peters, Chairman of IGP and CEO of Glooscap Ventures. “This acquisition allows us to enter the gaming industry at scale, creating new opportunities for growth and meaningful benefits for our communities. We appreciate the trust of our partners and look forward to building on their expertise as we expand into this exciting sector.” "Sonco is proud to have partnered with five experienced First Nations on this landmark acquisition,” said Anthony Novac, CEO of Sonco Gaming Inc. “This transaction represents an important step toward economic reconciliation and demonstrates the potential for meaningful partnerships in Indigenous gaming.” “PURE Canadian Gaming represents another successful investment for ONCAP,” said Edmund Kim, Managing Director at ONCAP. “During our ownership, we worked closely with PURE management to grow the business, enhance its operating performance, and drive improved customer service. We thank the team for their significant efforts and wish the team and IGP continued success going forward.” About Indigenous Gaming Partners Indigenous Gaming Partners is a newly established gaming company focused on developing a portfolio of high-quality, market-leading casinos through strategic acquisitions and operational excellence. With a mission to create meaningful economic opportunities for Indigenous communities, IGP partners with exceptional management teams to deliver outstanding entertainment experiences while driving sustainable growth and long-term value for our stakeholders. Guided by disciplined investment strategies, hands-on operational expertise, and backing from visionary investors, IGP is dedicated to setting new standards in the gaming industry while fostering prosperity for its Indigenous communities, charitable partners, and provincial stakeholders. For more information, visit www.indigenousgamingpartners.ca . About PURE Canadian Gaming Based in Edmonton, Alberta, PURE Canadian Gaming operates four premier regulated casinos: two in Edmonton, one in Calgary, and one in Lethbridge. These properties feature approximately 2,700 slot machines, 94 table games, 36 poker tables, and 110 video lottery terminals, along with a variety of food, beverage, and entertainment offerings. PURE’s operations are divided into three primary segments: gaming, which includes revenue from slot machines, table games, and poker rake; restaurants, providing quality dining through on-site bars and restaurants at value prices; and other activities, including revenue from ATMs, lottery sales, and off-track betting. For more information, visit www.purecanadiangaming.com . About ONCAP Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 37 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield and Kalahari Resorts. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For more information, visit www.viciproperties.com About Sonco Gaming Inc. Sonco Gaming Inc. is part of the Sonco Group of Companies, which focuses on real estate and gaming development and management. Sonco has developed and/or managed some of the country’s most successful Indigenous gaming projects, including The Great Blue Heron Casino on Mississaugas of Scugog Island First Nation in Ontario, and The Grey Eagle Resort & Casino on the lands of Tsuut’ina First Nation outside of Calgary, AB. Sonco also developed Casino New Brunswick. For more information, visit www.sonco.ca Financial Advisors PURE Canadian Gaming and ONCAP were advised by Stifel and CIBC Capital Markets. Indigenous Gaming Partners was advised by Tangerine Tango under the Muin Capital Partners brand, a specialized Indigenous capital markets initiative. 3 Contacts Media: Indigenous Gaming Partners Michael Peters, Chairman (902) 684-3351 PURE Canadian Gaming Brad Belhouse CEO (780) 920-3152 Onex Jill Homenuk Managing Director, Shareholder Relations and Communications (416) 362-7711 VICI investors@viciproperties.com (646) 949-4631 Sonco Gaming Inc. Anthony Novac CEO (902) 429-8200 Forward-Looking Information and Statements This press release contains forward-looking statements within the meaning of securities and regulatory legislation. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” “will,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond IGP’s control and could materially affect actual results, performance, or achievements. Important risk factors that may affect IGP’s business, results of operations and financial position are detailed from time to time in IGP’s requisite filings. IGP does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law
- Yarmouth Bar Activates Phase II of Solar Array
Glooscap First Nation is proud to announce the activation of its latest renewable energy initiative: a 409 kW ground-mounted solar array, which became fully operational earlier this year. This significant milestone marks a major step toward the Nation’s commitment to sustainability and energy independence. The new solar array will supply approximately 70% of the energy required to power Yarmouth Bar Fisheries, a state-of-the-art seafood processing and lobster holding facility wholly owned by Glooscap First Nation. Located in Yarmouth, this facility is an essential contributor to the local economy and represents the Nation's dedication to integrating sustainable practices into its business operations. This solar project builds upon Glooscap First Nation’s initial renewable energy efforts. In 2021, the Nation installed a 75 kW rooftop solar array at the facility, which laid the foundation for the current expansion. With the activation of the new ground-mounted array, Yarmouth Bar Fisheries is well on its way to achieving full solar energy self-sufficiency. The facility has already begun planning its third phase of solar development, which is expected to be completed by 2025. Once this phase is finalized, Yarmouth Bar Fisheries will be 100% powered by renewable solar energy, making it one of the region's leading examples of sustainable industrial operations. This achievement aligns with Glooscap First Nation’s broader goals of promoting clean energy, reducing greenhouse gas emissions, and creating long-term economic benefits for the community. As the Nation continues to invest in renewable energy projects, it sets an example of how Indigenous communities can lead the way in sustainable development and energy innovation.











