Feb 12, 2021
By Andy Johnson
Canada’s largest theatre chain has announced a fourth quarter loss of more than $230 million.
The loss compares with a profit of $3.5 million in the same period last year.
The company says it has reached a deal with its lenders to further amend its credit agreement as it struggles through the financial impact of COVID -19.
The loss is the result of theatres being closed amid tighter restrictions to slow the spread of the pandemic.