Simply Solventless Guides To $11.8 Million In Revenue For Q4
Simply Solventless (TSXV: HASH) this morning issued guidance for its fourth quarter financial results, with the company indicating that it expects to hit report quarterly revenue for the quarter. Topline revenue for the fourth quarter is estimated at $11.8 million, versus the $7.8 million reported for the third quarter of 2024, which implies growth of […]
Canada Post Starts Layoffs, Union Calls it ‘Scare Tactic’
Canada Post has begun laying off workers amid an ongoing national strike, as mediation efforts between the postal service and its union have stalled with both sides remaining far apart on critical issues. The Crown corporation confirmed the temporary layoffs in an emailed statement, citing “adjustments to our operations, as allowed under the Canada Labour […]
California to Offer EV Credits if Trump Cuts Federal Incentives, But Tesla May Be Iced Out
California Governor Gavin Newsom announced Monday plans to restart state electric vehicle rebates if President-elect Trump eliminates the federal $7,500 tax credit, though Tesla (Nasdaq: TSLA) vehicles might be excluded from the program. The proposed state initiative would match the federal credit amount using funds from California’s Greenhouse Gas Reduction Fund, which is supported by […]
Is Elon Musk Rewarding Loyalty or Selling Opportunity with xAI Stakes?
Elon Musk’s latest maneuver in his ever-expanding empire—allocating 25% equity in his artificial intelligence startup, xAI, to the investors who backed his $44 billion Twitter acquisition—has raised questions about the nature of the transaction. Musk acquired Twitter in late 2022 with significant financial backing from major investors, including Fidelity, Sequoia Capital, Andreessen Horowitz, Oracle co-founder […]
Australia Races to Save Lithium Mines With $150M Relief Package
Western Australia has unveiled a substantial $150 million support package aimed at stabilizing its lithium mining sector amid a significant downturn in global lithium prices. Western Australia Premier Roger Cook has announced the Lithium Industry Support Program, which offers a combination of fee waivers and interest-free loans to assist both emerging and established lithium producers. […]
France Doubles Down on Nuclear Power With €50B Gamble
France is putting its chips back on the table for nuclear energy, and this time it’s a high-stakes gamble. In a move that underscores its long-standing preference to atomic power, the French government is planning a zero-interest loan to finance six massive new nuclear reactors. The project, estimated to cost a staggering €50 billion ($52.6 […]
Businesses Must Plan for War Scenarios Urges NATO Military Chair
Dutch Admiral Rob Bauer, NATO’s military committee chair, warned Monday that businesses must prepare for wartime scenarios by restructuring their production and supply chains to counter potential pressure from Russia and China. Speaking in Brussels, Bauer emphasized that effective deterrence requires guaranteed delivery of crucial services and goods under any circumstances. He pointed to recent […]
Missouri Cannabis Sales Rake in $240 Million in New Tax Revenue Over Past Year
Legal cannabis sales have generated $240.78 million in new sales tax revenue for Missouri state and local governments over the past 12 months. The state government collected $143.30 million, while local governments received $97.48 million, surpassing initial projections significantly. These figures dramatically exceed the State Auditor’s original estimates following adult-use legalization in November 2022, which […]
Texas Takes Wall Street Titans To Court Over Alleged Coal Cartel
Texas Attorney General Ken Paxton has initiated a federal antitrust lawsuit against major asset management firms BlackRock Inc. (NYSE: BLK), State Street Corporation (NYSE: STT), and Vanguard Group. The suit alleges that these firms conspired to manipulate energy markets by reducing coal production, leading to increased energy costs for consumers. Paxton asserts that this collaboration […]
Redishred Delivers Double-Digit Growth in Q3 2024 as Buyout Looms
Redishred Capital (TSXV: KUT) reported its third-quarter financial results for 2024, showcasing notable improvements in revenue and profitability compared to the prior year. Revenue for the third quarter of 2024 reached $17.9 million, an increase of $2.5 million, or 16%, compared to Q3 2023. This performance reflects a combination of organic growth—primarily a 12% increase […]