The franchise, which began as the Edmonton Ice before moving to Cranbrook in 1998, was owned by Ed Chynoweth from 1995 until it was sold to Winnipeg-based company 50 Below Sports and Entertainment in 2017.

The team won three WHL championships and one Memorial Cup title as Canadian junior champions.

[1] The club was founded by Ed Chynoweth after he left his position as the Western Hockey League's president.

[4] The Kootenay Ice found significant on-ice success in their early years.

The team won WHL championships in 2000 and 2002, along with the Memorial Cup in 2002 to become Canadian junior champions.