MustGrow Acquires NexusBioAg For $1.66 Million In Cash, Future Earn-Out Payments
MustGrow Biologics (TSXV: MGRO) has completed the previously announced acquisition of NexusBioAg from Univar Solutions Canada. Classified as an asset purchase agreement, the arrangement saw MustGrow acquire “certain assets” that represent the company. While details on the transaction are slim, the company is said to have paid $1.66 million in the form of a deferred […]
Cameco Sees Production Halted At Inkai Joint Venture
Cameco (TSX: CCO) is off to a rough start to 2025, with the company announcing this morning that production at its Inkai LLP joint venture with Kazatomprom has been halted as of January 1. The production halt is in relation to the submission of documentation for uranium deposit development to authorities in Kazakhstan. The joint […]
Canada to Start Tracking Gig Workers’ Income Under New Tax Rules
Canada will require digital platforms like Uber and DoorDash to disclose their workers’ earnings to tax authorities from 2024, marking a significant change for millions of gig workers under new federal legislation. The amendment to the Income Tax Act, Bill C-47, sets a January 31 deadline for platforms to report to the Canada Revenue Agency. […]
i-80 Gold Buys Time with Precious Metal Deferrals Amid Cash Crunch
i-80 Gold Corp. (TSX: IAU), facing mounting financial pressures, announced the deferral of December 2024 gold prepay and January 2025 silver purchase agreement deliveries. This move underscores the company’s weak financial position but also reflects an effort to buy time for a recapitalization plan aimed at stabilizing its operations and securing its future. The deferred […]
Hertz Slashes Prices on Electric Vehicles Rented From Its Fleet
Hertz Global Holdings (NASDAQ: HTZ) is employing a unique strategy to mitigate ongoing losses in its electric vehicle fleet. The rental giant is offering its customers the option to purchase their rental EVs at deeply discounted rates, signaling an accelerated effort to offload inventory and shrink its fleet of depreciating EVs. Hertz has been contacting […]
Mexican Tequila Industry Faces Glut, Trade Threats as Demand Slows
Mexico’s tequila industry confronts mounting inventories and potential US tariffs as demand cools following years of explosive growth, industry data shows. Inventories have reached 525 million liters, approaching the industry’s annual production of 599 million liters, according to figures shared with the Financial Times by the Tequila Regulatory Council. US consumption declined 1.1% in early […]
Supply Chain Risk Looms Over French-Mongolian Uranium Venture
As Orano SA prepares to launch its $1.6 billion uranium project in Mongolia, observers point to a significant supply chain vulnerability — the operation’s likely dependence on Russian sulfuric acid imports. The French state-controlled miner, which recently secured approval to begin production in 2028, faces a challenging regional market for sulfuric acid, an essential component […]
Trump Imposes Social Media Gag Order on Cabinet Picks as Infighting Explodes
U.S. President-elect Donald Trump’s incoming administration has imposed a strict gag order on Cabinet nominees, barring them from posting on social media without prior approval from the transition team. The directive, issued by incoming White House Chief of Staff Susie Wiles, signals an effort to rein in the chaos and infighting already plaguing Trump’s second-term […]
New Post-Quantum Standards Will See Bitcoin’s Core Encryption Deprecated In 5 Years
The U.S. Department of Commerce, through the National Institute of Standards and Technology (NIST), has unveiled a critical roadmap for transitioning away from quantum-vulnerable digital signature algorithms, signaling a new era in cybersecurity. This move marks a pivotal moment for industries reliant on these cryptographic standards, including blockchain, finance, and national security. Algorithms such as […]
PayPal Honey Under Fire for Allegedly Cheating Consumers and Creators
The PayPal Honey browser extension—a popular tool marketed to help consumers save money—has come under fire after a viral exposé by YouTuber MegaLag. In the video, Honey is accused of unethical practices, including hijacking affiliate commissions from influencers and failing to find the best deals for shoppers. These allegations cast doubt on Honey’s promise to […]