These two organizations are not related.
The Vancouver Millionaires existed from 1911 to 1926, competing in the Pacific Coast Hockey Association and Western Canada Hockey League. The team was called the Vancouver Maroons from 1922 to 1926.
The Vancouver Canucks were formed in 1945 and played in two minor leagues until 1970: Pacific Coast Hockey League and Western Hockey League. The Canucks joined the NHL in the 1970 expansion.
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The Vancouver Canucks Hockey Club dates back to 1945. From 1945 to 1970 it was
a franchise in the Western Hockey League -- a league one tier down from the NHL. It was made up of farm teams for parent NHL clubs. For most of that duration, Vancouver was the No. 1 farm team of the New York Rangers. Their team logo was the "Johnny Canuck" emblem.
In late 1969 Vancouver was awarded a NHL franchise (along with Buffalo) to commence the '70-'71 season. The Canucks dispensed with the Johnny Canuck logo in favour of a hockey stick laid against the outline of a rink. The Canucks have never won a Stanley Cup, having lost three times in the final series.