WINNIPEG, June 23, 2016 /CNW/ - Thousands of Indigenous people will benefit from a financial partnership between NewLeaf Travel Company and a number of Manitoba First Nations. The seven First Nation owners of South Beach Casino have formed a separate business consortium and are making a significant investment in NewLeaf.
"South Beach Capital Partners are excited by the opportunity to become part owners of NewLeaf and to share in its growth," said Jim Bear, Chief of Brokenhead Ojibway Nation, speaking on behalf of the First Nations investment group. "We have made a significant investment that we are confident will be returned many times over. Profits can be used to improve residents' lives in our home communities, and to finance further development opportunities—both social and economic."
"We expect NewLeaf will be another example of First Nations business success," said Jim Young, President and CEO of NewLeaf Travel Company. "We are honoured by the trust and commitment that SBCP has shown NewLeaf and welcome them as financial partners."
"As Aboriginal and non-Aboriginal peoples continue the process of reconciliation, we are very happy to participate in a business venture that will help bring Canadians together, celebrating our land and the diversity that makes our country strong," added Chief Bear.
SOURCE NewLeaf Travel Company
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