Western Investment Company CEO Provides Third Anniversary Update

About this update from Western Investment Company Of Canada Limited

[{"type":"text","content":"Western Investment Company CEO Provides Third Anniversary UpdateHigh River, Alberta--(Newsfile Corp. - February 13, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) (\"WICC\" or \"Western\") announced today that it has distributed a message to shareholders from President & CEO Scott Tannas.In his message to shareholders, WICC CEO Scott Tannas provided the following commentary: \"Last December marked the third anniversary of the commencement of operations for The Western Investment Company, whereby we completed our initial investment in GlassMasters Autoglass, the leading Alberta based autoglass repair and replacement company. Between then and now, we have continued to build our little investment company. Here are some key milestones of the past three years:Within a few months of completing the GlassMasters Autoglass investment, we substantially increased our equity base, closing on a $12 million common share offering, and welcoming hundreds of new shareholders in the process. Using our network of contacts, we identified and ultimately negotiated the purchase of a partnership in Golden Healthcare, the largest private nursing home management company in Saskatchewan. We purchased a direct ownership share in three nursing homes operated by Golden. We negotiated a partnership with the owners of Ocean Sales, Canada's leading company in the demonstration sales retail channel. Together with our partners at ATB Financial, we successfully completed the purchase of Foothills Creamery, makers of high quality butter and ice cream products, with a strong and established brand in western Canada. Since inception, we actively searched for a way to enter the insurance business. We recently found the perfect opportunity with Fortress Insurance. Together with our partners, we developed a bold plan to engage the western Canadian market with specialty insurance products. After an extensive regulatory review and approval process, our plan is in now in action, and demonstrating some early success. I'm addition to the above, we:Sourced and reviewed over 100 potential investment opportunities. Established effective, entrepreneur friendly governance systems with each of our portfolio companies. Provided value added management and consulting services to our companies including helping them to establish planning and KPI rhythm...

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