Here is their statement:
Shootout Fishing League (SFL) and Fishing League Worldwide (FLW) were unable to reach a contract renewal agreement. Even though SFL will no longer be operating FLW Canada, there is an organization that will be taking over these operations and continue with the FLW Canada tournaments. An official announcement will be made by FLW soon.
“It has been an honor to work with such incredible anglers over the past three seasons, and we are looking forward to building on our existing SFL brand and running events in the same ethical manner we always have with FLW and SFL. It is unfortunate that an agreement could not be reached, but we are excited for the future and growth of SFL while continuing to put our anglers first.” - Cory Banford