Nordic spa coming to Edmonton in 2028
Edmonton is slated to be the fifth location for Scandinave Spa, a nordic spa experience expected to generate over $120 million for the city's economy in the first 10 years.
The new location will overlook the North Saskatchewan River valley in the Brander Gardens neighbourhood. It's anticipated to open by the summer of 2028.
In a release Wednesday, the Scandinave Group said Edmonton was chosen for its 'mix of natural and urban aspects, reinforcing the potential for tourism development in the Edmonton region.'
'Bringing Scandinave Spa to Edmonton is a natural fit with our vision to create unforgettable wellness experiences in iconic destinations,' Scandinave Group CEO Steve Arsenault said in the release. 'We're proud to be part of Alberta's tourism future and to offer Edmontonians a unique way to unwind, year-round.'
It's a notch in the belt of Alberta's wellness tourism sector bolstered by the support of Travel Alberta, Edmonton Global, Explore Edmonton and city government.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
SHARC Energy Announces Update on Convertible Debenture Financing
VANCOUVER, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the 'Company') would like to announce its intention to complete a non-brokered private placement of secured convertible debentures (each, a ' Debenture ') with a principal amount of up to $1,500,000 (the ' Offering '). The Debenture is secured against all present and after acquired assets of the Company. The Debentures will bear interest at a rate of 8.0% per annum and mature on the date that is 24 months from the date of issuance (the ' Maturity Date '). The holder will have the option to extend the Maturity Date for a period of 12 months and receive all accrued and unpaid interest in cash or in common shares in the capital of the Company (' Common Shares ') at a price of $0.10 per Common Share (the ' Conversion Price '). Additionally, the outstanding principal amount owed under a Debenture may be converted into Common Shares at the Conversion Price at the option of the holder at any time on or prior to the last business day prior to the Maturity Date. The Company may from time to time, in its sole discretion, prepay all or a part of the principal amount and accrued interest without penalty. The Company intends to use the proceeds from the Offering for working capital purposes as the Company continues to fulfil the shipment and delivery of SHARC and PIRANHA WET systems. The Company may pay a finder's fee in connection with the Offering to eligible arm's length finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. The above Offering is being carried out in place of the previously announced offering on June 20, 2025, which is now cancelled. About SHARC Energy SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy's systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as 'District Energy'. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile. ON BEHALF OF THE BOARD Fred Andriano Chairman For investor inquiries, please contact: For media inquiries, please contact: Hanspaul Pannu Chief Financial & Operating Officer SHARC Energy Telephone: (604) 475-7710 ext. 4 Email: Mike Tanyi Director of Marketing & IT SHARC Energy Telephone: 604.475.7710 Ext.109 Email: The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as 'anticipate', 'plan', 'estimate', 'expect', 'may', 'will', 'intend', 'should', and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.
CTV News
an hour ago
- CTV News
B.C. braces for impact of Trump's 35 per cent tariffs
U.S. President Donald Trump has hiked Canada's tariffs to 35 per cent - here's what that means for B.C. For Michael Devereux, an economics professor at the University of British Columbia, the new tariffs imposed on Canada Friday morning are 'confusing.' Devereux told CTV News the 35 per cent levies – which U.S. President Donald Trump blamed, in part, on fentanyl going over the border – will hurt Americans. '(They're) much more important for the U.S. consumer because they actually pay the tariffs,' said Devereux. Approximately 90 per cent of Canadian exports, which are covered under the Canada United States Mexico Agreement, or CUSMA, are still tariff-free. But Devereux explained the remainder that are could have a significant impact on the economy, if U.S. consumers choose to stop purchasing those Canadian goods. B.C. Forestry Minister Ravi Parmar said, 'No sector has felt the weight of that more than our forestry sector here in British Columbia.' Parmar said his ministry is currently focusing on creating robust trade relationships with other nations. 'I'm going to be ensuring that my team has boots on the ground in those places supporting small and medium-sized companies to be able to explore finding new customers,' he said. While those negotiations are ongoing, Parmar said the B.C. government is still hopeful their federal counterparts can secure a long-term deal with the U.S. Federal ministers including Vancouver MP Gregor Robertson were tight-lipped on Friday, but did say Prime Minister Mark Carney was attempting to forge the best deal possible for Canadians Carney put out a statement in the morning that read, in part: 'The Canadian government is disappointed by this action and will act to protect Canadian jobs,' adding that he will continue to negotiate with the Americans. Devereux said British Columbians are in a difficult situation, and with CUSMA renegotiations on the table next year unless what he called a rational deal is made, things could get worse. By CTV News Vancouver's Demetra Maragos
CBC
an hour ago
- CBC
Fate of next year's Vancouver dragon boat festival in doubt due to FIFA World Cup, organizers say
The organizers of the Concord Pacific Dragon Boat Festival in Vancouver say it appears next year's races will be cancelled because of rules surrounding the 2026 FIFA World Cup. Dominic Lai of Dragon Boat B.C. says Vancouver's host city agreement with FIFA prohibits cultural and sporting events in the city within a certain time frame and restricts events within a certain radius of B.C. Place, which is set to host seven World Cup matches between June 13 and July 7. The event, which organizers describe as North America's largest dragon boat festival, takes place in False Creek, a short distance from B.C. Place, usually around the summer solstice. "We tried to come up with alternate solutions, and we presented these solutions to the city and the province," Lai said. "But ultimately, we still haven't got any confirmation of any type of support for it, and we're in a tough place." Lai says organizers are working with the city and province in search of a solution, but as it stands, they face a financial deficit. The City of Vancouver says it is collaborating with organizers of sporting and cultural events taking place between June 4 and July 14 "to ensure that events don't conflict geographically, and that there are sufficient City resources to support a safe environment for all to enjoy." The city also said it is working with event organizers and FIFA to minimize impacts, and it expects "most annual events to proceed in some form, though some may see adjustments in timing, location or scale." A statement from B.C.'s Ministry of Tourism, Arts and Culture says the province "is aware that this event is impacted by the World Cup and understands that major events can create challenges for communities — sometimes requiring established events to change timing or location, and we appreciate how difficult those adjustments can be." Lai says adjustments mean Dragon Boat B.C. faces a financial deficit, and poses existential questions. "FIFA is a behemoth. It will do what it does. It's the world's largest sporting event for a reason, and they have a standard of excellence they need to deliver on," he said.
