Cineplex delays first-quarter results due to COVID-19 pandemic

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Cineplex delays first-quarter results due to COVID-19 pandemic GlobeBusiness

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The purchase of Cineplex is still subject to various conditions, including Investment Canada Act approval before the deadline.The company says it expects the COVID-19 pandemic will have a materially negative impact on its business for “at least” the first half of 2020. But the company noted that uncertainty around the extent of the viral spread, duration of severity and government restrictions make it impossible to quantify the financial hit.

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