08:01 AM EDT, 05/23/2024 (MT Newswires) -- George Weston (WN.TO), which operates through Loblaw Cos. Ltd. and Choice Properties Real Estate Investment Trust, said on Thursday that it has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid.

During the 12 months starting May 27, 2024 and ending May 26, 2025, the company plans to buyback nearly 6.6 million shares, about 5% of the outstanding stock on May 13.

The company's shares edged up nearly 1% in Canada yesterday.