Katz Group of Companies

What Katz Group of Companies does

Katz Group of Companies is a Canadian privately-owned diversified holding company founded in 1991 by Daryl Katz and headquartered in Edmonton, Alberta. Through three principal entities — DAK Capital (the Katz family investment office), OEG Inc. (sports and entertainment, retail cannabis, and hospitality), and Katz Group Real Estate (KGRE) — the company owns and operates a portfolio that includes the Edmonton Oilers NHL franchise (acquired 2008), Bakersfield Condors (AHL, 2014), Edmonton Oil Kings (WHL, 2008), Tokyo Smoke retail cannabis (master franchise rights acquired 2019; OEG retail/brand acquisition from Canopy Growth completed 2023), Oliver & Bonacini (hospitality; majority interest acquired 2017) and Concorde Group (2018), Dark Castle Entertainment (film and television production), and the 25-acre ICE District mixed-use real estate development in downtown Edmonton (developed in partnership with the City of Edmonton; Rogers Place opened 2016; JW Marriott ICE District opened 2019).

The company's revenue model is diversified across sports and entertainment operations (NHL and minor-league franchises, Rogers Place arena, ICE District Plaza, Fan Park @ ICE District), retail cannabis transactions through hundreds of Tokyo Smoke locations across four Canadian provinces plus an online platform, hospitality services through owned and operated restaurants, bars, catering, and event venues, and real estate development, leasing, asset management, property redevelopment, and repositioning through KGRE. Historically, Katz Group has cycled between platform-building acquisitions and major divestitures — most notably selling Rexall Health to McKesson Corp. for C$2.9 billion in 2016, the independent franchise pharmacy business (IDA and Guardian) to McKesson for C$0.9 billion in 2012, Edmonton Tower to AIMCo for C$400 million in 2018, and Stantec Tower to DEKA Immobilien for more than C$500 million in 2019 — using proceeds to fund the pivot toward integrated sports, entertainment, hospitality, and mixed-use real estate.

The company serves a broad consumer base: sports fans and event attendees at Rogers Place and the ICE District, adult cannabis consumers purchasing through Tokyo Smoke, diners and event clients across the Oliver & Bonacini and Concorde Group venues, and tenants, residents, employers, and visitors of the ICE District. On the enterprise side, KGRE works in close collaboration with OEG Sports & Entertainment on the ICE District asset portfolio. In 2025, Katz Group signed a Master Agreement with the City of Edmonton and the Government of Alberta to expand ICE District through construction of a new Community Event Park and Village at ICE District residential development, and Rexall launched a new Healthy Living Pharmacy format at six pilot locations across Canada.

Name

Katz Group of Companies

Legal name

Katz Group

Website

https://katzgroup.ca

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Katz Group of Companies is a Canadian privately-owned diversified holding company headquartered in Edmonton, operating across sports and entertainment (Edmonton Oilers), retail cannabis (Tokyo Smoke), hospitality (Oliver & Bonacini and Concorde Group), and the ICE District mixed-use real estate development.

Ownership category

akta.pro rank

Product category

Diversified Holding Company (Sports, Entertainment, Hospitality, Cannabis, Real Estate)

NAICS

Sports Teams and Clubs (711211), Management of Companies and Enterprises (5511)

SIC

Investors, Nec (6799)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

akta.pro secondary industry

Franchise Ownership Groups & Multi-Club Organizations (Multi-team owners, holding companies) (MPAKABAJ)

Keywords

• Sports franchise operations
• Retail cannabis
• Real estate development
• Hospitality services
• Family investment office

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Sports & Entertainment: Revenue from NHL franchise (Edmonton Oilers), AHL and WHL franchises, world-class entertainment venues including Rogers Place, ICE District Plaza and Fan Park, and film production company Dark Castle Entertainment.
2. Retail Cannabis: Revenue from Tokyo Smoke retail cannabis locations operating across Ontario, Manitoba, Saskatchewan and Newfoundland and Labrador, including online sales.
3. Hospitality: Revenue from Oliver & Bonacini and Concorde Group restaurants, bars, catering services and event venues across Canada, with over 30 years of operational history.
4. Real Estate Development: Revenue from Katz Group Real Estate through development, asset management, leasing, property redevelopment and repositioning of ICE District and other properties.
5. Retail Pharmacy: Revenue from Rexall drug store chain operations, including pharmacy services and health products.

Distribution channels4 records

Marketing channels2 records

Core offering

Katz Group of Companies is a privately-owned diversified holding enterprise that owns and operates businesses across sports and entertainment (Edmonton Oilers NHL franchise, Bakersfield Condors AHL, Edmonton Oil Kings WHL, Rogers Place arena, ICE District venues), retail cannabis (Tokyo Smoke), hospitality (Oliver & Bonacini and Concorde Group restaurants and event venues), film production (Dark Castle Entertainment), pharmacy retail (Rexall), and large-scale mixed-use real estate development (ICE District in Edmonton). The company also operates a family investment office, DAK Capital, which manages public and private investments on behalf of the Katz family.

Product overview

Katz Group of Companies is a privately-owned enterprise operating through three main holding companies: DAK Capital (family investment office), OEG Inc. (sports, entertainment, retail cannabis, and hospitality), and Katz Group Real Estate (real estate development). The portfolio includes Rexall pharmacy retail chain, the Edmonton Oilers NHL franchise, Tokyo Smoke cannabis retail, Dark Castle Entertainment film production, Oliver & Bonacini hospitality group, and the ICE District mixed-use real estate development in Edmonton. The company is structured as a diversified holding company with operating subsidiaries across multiple industries.

Differentiator

Problem solved

Functional benefit

Brands

• Tokyo Smoke: Award-winning cannabis retailer operating across Ontario, Manitoba, Saskatchewan and Newfoundland and Labrador with hundreds of retail locations
• Dark Castle Entertainment
• Oliver & Bonacini
• Concorde Group
• Edmonton Oilers
• Edmonton Oil Kings
• Bakersfield Condors
• Rexall
• ICE District
• Rogers Place
• JW Marriott ICE District

Products and services

• OEG Inc. — Sports, Entertainment, Cannabis, and Hospitality Holdings North American holding entity operating three divisions: OEG Sports & Entertainment (Edmonton Oilers, Bakersfield Condors, Edmonton Oil Kings, Rogers Place, ICE District venues, Dark Castle Entertainment), Tokyo Smoke retail cannabis operations, and OEG Hospitality restaurant and event venues under Oliver & Bonacini and Concorde Group.
• Tokyo Smoke — Retail Cannabis Award-winning cannabis retailer operating hundreds of retail locations across Ontario, Manitoba, Saskatchewan, and Newfoundland and Labrador, offering regulated cannabis products online and through retail storefronts with curated neighborhood-specific assortments.
• Edmonton Oilers — NHL Franchise Iconic NHL franchise and one of the world's most recognized sports franchises, playing at Rogers Place arena as part of the ICE District development. Team reached Western Conference Championships in 2024 and 2025 NHL Playoffs.
• Oliver & Bonacini — Hospitality and Restaurants Leading Canadian restaurant, hospitality, and event group with multiple award-winning restaurants, catering services, and event venues across Canada, operating as part of the OEG Hospitality division.
• ICE District — Mixed-Use Real Estate Development

Quantifiable outcome

• Edmonton Oilers Community Foundation reinvested $20 million in community programs in single season (2022), reaching $100 million total milestone in 2024
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• High Tide Inc. Canadian cannabis retail operator with hundreds of locations across multiple provinces (Canna Cabana and other banners). Direct comparable to Tokyo Smoke's footprint and operating model in Canadian retail cannabis.
• Recipe Unlimited: Canadian multi-brand restaurant holding company (Swiss Chalet, Harvey's, etc.) with hundreds of franchised and corporate locations. Direct comparable to OEG Hospitality's Oliver & Bonacini and Concorde Group restaurant/event-venue holding model.
• Maple Leaf Sports & Entertainment: Canadian sports and entertainment holding company that owns the Toronto Maple Leafs (NHL), Toronto Raptors (NBA), Toronto FC (MLS), and related real estate. Closest direct comparable to Katz Group's multi-team franchise ownership model combined with arena district (Scotiabank Arena district) development.
• Fenway Sports Group: Global sports ownership and entertainment holding company controlling the Boston Red Sox, Liverpool F.C., Pittsburgh Penguins (NHL), and other franchises. Comparable multi-sport, multi-continent franchise holding company structure analogous to Katz's OEG Inc. platform.
• Kroenke Sports & Entertainment: Multi-club US-based sports ownership organization holding the Denver Nuggets, Colorado Avalanche, Arsenal F.C., and other franchises. Directly comparable to Katz Group's multi-league hockey franchise ownership plus integrated venue and real estate strategy (e.g., Ball Arena district).
• Cineplex Inc. Canada's largest entertainment venue operator (theatres, The Rec Room, amusement venues). Comparable as a Canadian-based entertainment venue and experience operator with cross-leverage to sports-adjacent audiences.
• Harris Blitzer Sports & Entertainment: Sports ownership and venue operations group controlling the Philadelphia 76ers (NBA), New Jersey Devils (NHL), and operating facilities including the Prudential Center district. Highly comparable to Katz Group's NHL franchise plus mixed-use arena-adjacent real estate model.
• Canopy Growth Corporation: Major Canadian cannabis company that previously owned and operated Tokyo Smoke retail before divesting the brand and stores to OEG in 2023. Direct counterparty and category peer for OEG's retail cannabis strategy via Tokyo Smoke.

Broad incumbents

• Brookfield Asset Management: Canadian-headquartered global alternative asset manager with extensive sports, real estate, and entertainment investments. Comparable to Katz Group Real Estate and DAK Capital in geographic origin and portfolio breadth, though at vastly larger scale.

Regional players

• Loblaw Companies: Canada's largest retailer and operator of Shoppers Drug Mart pharmacy chain — the dominant national pharmacy platform that benefited from Rexall Health's divestiture. Relevant predecessor/comparable business segment historically operated by Katz Group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-katz-companies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Katz Group of Companies