CPXGF - Cineplex reports all venues open as Canadian restrictions are lifted

Canada's leading theater chain Cineplex (OTCPK:CPXGF) says all of its venues are open at full capacity across the country, with the end of all federal, provincial and municipal operating restrictions removed. It's the first time that's been the case since the March 2020 onset of the COVID-19 pandemic. Only some mask mandates remain, in Prince Edward Island and Quebec, and the company expects those to be lifted within weeks. "In the past two years, we have seen that when operating restrictions are lifted, our guests and customers quickly return across all of our business lines," says CEO Ellis Jacob. In January 2022, Jacob notes, the company only achieved 22% of box office revenues when compared to the same month in 2019. But as restrictions relaxed, the same metric increased to 60% in February 2022 and 70% in March 2022.

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Cineplex reports all venues open as Canadian restrictions are lifted