Press Releases

2020-03-17 Shoppers Drug Mart provides access and funding support to virtual care service for Canadians to help relieve healthcare burden
Primary care services available online through partnership with Maple TORONTO , March 17, 2020 /CNW/ - Shoppers Drug Mart , in partnership with Maple , has launched a virtual care service for patients to help relieve the current burden on the acute healthcare system, specifically emergency rooms and hospitals. Where virtual care is not funded by provincial governments, Shoppers Drug Mart will fund online physician consults at no cost to patients, providing access to care while following public health guidelines. The service will be available at no cost 7 a.m. to 9 p.m. until March 23, 2020 in an effort to help flatten the COVID-19 curve. The service will be available nationwide by visiting . The virtual primary care visits will include diagnosing minor ailments and providing prescriptions for those who are unable to get access to a physician. The service allows Canadians to connect with a physician using a smart phone, tablet or computer. Consultations can be...
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2020-02-25 Loblaw Companies Limited Amends Normal Course Issuer Bid to allow George Weston Limited to Participate
 – Loblaw Companies Limited (Loblaw) and George Weston Limited (GWL) jointly announce today that the Toronto Stock Exchange (TSX) has accepted an amendment to Loblaw's normal course issuer bid (NCIB). The amendment will permit GWL to sell common shares (Common Shares) of Loblaw in connection with Loblaw's NCIB in order for GWL to maintain its proportionate interest in Loblaw. GWL is the majority owner of Loblaw and holds approximately 52.2% of the issued and outstanding Common Shares. "Following the acquisition of Shoppers Drug Mart in 2014, George Weston Limited's ownership interest was reduced to 46% of the issued and outstanding shares of Loblaw," said Galen G. Weston, Chairman and Chief Executive Officer of George Weston Limited. "At that time, we set a target to return to a majority ownership position in Loblaw, which we have achieved. The current plan is that we will accumulate approximately $2 billion of cash through participation in the Loblaw NCIB and cash generated...
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