New company profile - Canlan Ice Sports Corp. (TSX: ICE) has been quietly operating ice rinks for over 35 years, and longer privately. It is one of North America’s largest owners and operators of recreational ice and multi-sport facilities. They have been growing revenue and cash flow consistently (except for COVID-times), are trading at reasonable multiples and might seem quite sleepy with only a cursory view. But they are sitting on a pile of real estate in strong markets bought decades ago, have made a string of prudent acquisitions, they own and run the largest hockey league in North America, and have an investment in a growing start up hiding in the footnotes. Oh, and they also have a bit of insurance-like float.