Canada's Cineplex gains on plan to reopen Ontario theaters

CGX Energy

09/07/2021 18:50

** Shares in Canadian movie theater operator  CGX.TO  rise
4.2% to C$15.76, set to snap a three-day losing run
    ** Cineplex says it will on July 16 reopen as many of its 68
theaters and five entertainment venues across Ontario as
possible, with a 50% capacity to a maximum of 1,000 guests per
building  urn:newsml:reuters.com:*:nNDL3gc4VG
    ** Ontario has surpassed its vaccination targets and is
moving to Step 3 of its reopening plan next Friday, relaxing
restrictions on social gatherings
    ** CGX will be showing new releases including "Black Widow",
"F9 The Fast Saga", "Space Jam: A New Legacy" and "The
Conjuring: The Devil Made Me Do It"
    ** Cineplex operates a network of 161 theaters and 12
entertainment venues across Canada
    ** CGX shares up 70% this year after falling about as much
last year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))