Just For Laughs Had Assets Seized A Week Before Insolvency Announcement
Just a week before announcing it was seeking creditor protection, Groupe Juste pour rire Inc. (JPR), the company that runs the iconic Just for Laughs comedy festival in Montreal, had over $800,000 seized from its assets by a bailiff. The seizure stems from a court-ordered payment that JPR failed to make to a former employee, […]
Business Insolvencies Are Hitting New Highs In Canada
Business insolvencies across Canada more than doubled in January compared to a year earlier, surpassing even pre-pandemic levels for the month. According to the Office of the Superintendent of Bankruptcy, there were 759 business insolvencies recorded, a staggering 129.3% increase from January 2023 and well above the 308 cases in January 2020 before the COVID-19 […]
Vegas Man Found Guilty Laundering Over $4 Million For A Mexican Cartel Via Crypto
A Las Vegas man was convicted on multiple fraud and money laundering charges in a New York federal court this week. 51-year-old Martin Mizrahi was found guilty by a jury of seven offenses, including wire fraud, bank fraud, money laundering, aggravated identity theft, and operating an unlicensed money transmission business. Prosecutors claim that Mizrahi brazenly […]
SMR Factories Are Coming: Holtec To Build A £600-Million Factory In The UK
Holtec International, the US nuclear firm, is kicking off a competition on Friday to find a location in Britain for a £600 million factory that will manufacture small modular reactors (SMRs), according to a Reuters report. The announcement comes as the UK aims to significantly ramp up nuclear power generation to meet climate goals and […]
The Hypocrisy Saga: Elon Musk Vs. OpenAI
OpenAI has hit back at Elon Musk’s lawsuit by releasing a series of emails showing the Tesla CEO’s past support for the company’s shift to a for-profit model and even a proposal to merge with Tesla. The saga between Musk and OpenAI, the AI company famed for its ChatGPT chatbot, traces back to its origins. […]
Enthusiast Gaming To Conduct Headcount Reductions, Details Yet To Be Provided
Enthusiast Gaming (TSX: EGLX) last night indicated it is set to implement significant cost saving measures across its business. The company is targeting a reduction of $10 million in annual costing through the cutbacks. The changes, which are expected to be implemented by the end of the first quarter, are said to include headcount reductions […]
US House Panel Approves Bill That Could Force TikTok Sale
A US congressional panel has greenlit a bill mandating TikTok’s China-based parent company, ByteDance, to sell the popular social media app within six months or risk facing a ban. The bill, spearheaded by a bipartisan group of lawmakers from the House of Representatives Select Committee on the Chinese Communist Party and supported by the White […]
F3 Uranium Begins Drill Testing Hearty Bay Project Under 2,000 Metre Program
F3 Uranium (TSXV: FUU) has begun to drill test its Heart Bay project in the northern portion of the Athabasca basin. The program aims to identify the source of radioactive boulders that have previously sampled up to 8.23% U3O8. The program, at 2,000 metres in size, is set to use a sonic drill to test […]
Curaleaf Cries Misquote, Claims Boris Jordan Never Said Firm Will Not Pay Taxes
Curaleaf Holdings (TSX: CURA) has refuted claims of being misquoted by Bloomberg in a recent article. The controversy arose from statements attributed to Chairman Boris Jordan suggesting that Curaleaf might protest against Section 280E of the US tax code by withholding tax payments. Contrary to the reported remarks, the cannabis firm clarified that Jordan never […]
Rio Tinto Eyes Canadian Lithium Production
Rio Tinto CEO Jakob Stausholm voiced the company’s interest in delving into lithium production in Canada. Although Rio Tinto is not currently engaged in lithium production, the chief executive emphasized the company’s keenness to establish a foothold in the lithium market, identifying it as a strategic move in anticipation of the future dominance of lithium […]