Sir Royalty Income Fund SIRZF

RE:RE:RE:RE:RE:Trading halt - any guesses as to what the news is?

[flamingogold]

Canyon Creek closing was no surprise. They continued to underperform even during good times. There were only 5 locations, now down to 3 and likely they are looking to exit completely based on CC's website listing the closing of the Scarborough and Square One locations as an "opportunity". I am ok with this, allows them to focus on their strongest brands.

It is with great regret that we announce today the permanent closure of our Canyon Creek Square One and Scarborough locations, effective end of day this Friday, January 8, 2021. The COVID-19 pandemic has drastically altered our environment and put a great deal of stress on many businesses including our own. Today, our landlords presented us with an unexpected and immediate opportunity to vacate both locations. Given the current economic conditions and uncertain future, we have decided to exercise this option and return the property to our landlords

Investor416 wrote: they announced yesterday that a number of Canyon Creek locations are closing permanently.  sucks but maybe help in the long run.  if they survive at all