Canopy Growth Sells BioSteel Assets For $30.4 Million
Canopy Growth (TSX: WEED) has unsurprisingly taken a loss on its investment into BioSteel, with the cannabis operator announcing the completion of the sale of the assets via proceedings under the Companies’ Creditors Arrangement Act. Canopy was able to complete the sale of BioSteel Sports Nutrition, which involved the Canadian assets of the subsidiary, as […]
First Quantum Moves To Force Arbitration With Panama Over Cobre Panama Mine
First Quantum (TSX: FM) is finally facing the music and suspending production guidance for its Cobre Panama mine for 2023, following a ruling by the Supreme Court of Panama. That ruling, which determined Law 406, which governs the mine, is unconstitutional, is said to be unclear by First Quantum, whom is seeking further details on […]
Alaska Energy Metals Adds Former US Senator To Board of Directors
Alaska Energy Metals (TSXV: AEMC) this morning strengthened its leadership team with the appointment of a former US Senator to its board of directors.
Tesla’s Cybertruck May Have A Charging Problem
After years of delay and a string of issues, there seems to be one final big roadblock for Tesla’s (Nasdaq: TSLA) Cybertruck. As Elektrek reports, it appears that the electric automaker’s charging infrastructure may not be fully prepared for the unique needs of the pickup truck. One prominent issue is the compatibility of Tesla’s Supercharger […]
Is Chrystia Freeland No Longer on the WEF Board of Trustees?
The World Economic Forum (WEF) is missing one member of its board of trustees on its website — and it appears to be the case since at least November 23. Deputy Prime Minister Chrystia Freeland’s photo used to appear right below AXA’s Thomas Buberl and on the left of Bain & Company’s Orit Gadiesh, but […]
Toyota Drives Away from Hydrogen Power
At this year’s Japan Mobility Show, Toyota and Lexus showcased an array of battery-powered vehicles, signaling a departure from the company’s longstanding commitment to hydrogen power. Despite Toyota’s historical emphasis on hydrogen fuel cells, particularly with the Mirai, the Executive Vice President and Chief Technical Officer, Hiroki Nakajima, conceded that the Mirai had not been […]
Former US Secretary Henry Kissinger Dies at 100
Former US Secretary of State, Henry Kissinger, passed away at the age of 100 at his Connecticut residence, as confirmed by his consulting firm, Kissinger Associates. The cause of death has not been disclosed. Kissinger, an influential and controversial figure in American foreign policy, played a pivotal role in shaping US international relations during the […]
New York City’s Push for Electric Heat Conversion Costs $176k Per Apartment
New York City is at the forefront of the transition to green energy, aiming to lead the way in reducing emissions and embracing electric alternatives. However, recent developments shed light on the practical challenges and costs associated with this ambitious endeavor. The Climate Mobilization Act, also known as Local Law (LL) 97, enacted in 2019, […]
UAW Launches Ambitious Campaign to Unionize 13 Major Automakers Across the US
The United Auto Workers (UAW) has initiated a campaign to organize 13 non-unionized automakers across the United States. UAW President Shawn Fain, following the achievement of record contracts with the Detroit Three, had earlier expressed the union’s intention to extend its influence beyond these manufacturers. Related: UAW, Ford Reach Tentative Deal That Proposes 25% Pay […]
Revenue-Strapped Elon Musk Tells Advertisers: “Go F*** Yourself”
Addressing attendees at the 2023 DealBook Summit in New York, Elon Musk, the proprietor of the social media platform X (formerly Twitter), discussed the departure of advertisers from the platform due to antisemitic posts he had shared. Musk dismissed the notion of being influenced by advertising, stating, “If somebody’s gonna try to blackmail me with […]