What happened last week?
- CPI came in at +0.4% mom from 0.3% last month
- Treasuries Auctions: with inflation ticking higher and fears of monetary expansion, yields might have to be repriced higher for buyers to show.
- Boeing seem to have troubles (RIP)
- Fed future traders are poorly predicting future rates in the last 12 months, following the mixed signals of the FED leadership.
What to watch for next week?
- Monday:
- Tuesday:
- Wednesday: FOMC rate decision
- Thursday:
- Friday:
Monday:
Taiga Secures Additional Working Capital Facility with Export Development Canada and Provides Production Update – TAIG.to
announced that Export Development Canada (“EDC”) has agreed to upsize its existing senior secured credit facility available to Taiga by providing up to approximately $5.25 million of additional funding (the “Upsized EDC Credit Facility”) for working capital and general corporate purposes through an amended and restated loan agreement (the “A&R Loan Agreement”), such as supporting its omnichannel retail and dealer network growth.
Production Update
During the fourth quarter of 2023, Taiga continued to make progress on further ramping up operations, producing 417 units, its highest throughput in a quarter notwithstanding a line change from PWC to Snowmobile and the Annual Holidays shutdown. During the quarter, Taiga produced 243 OrcaTM PWC and 174 NomadTM snowmobiles.
TFI International Acquires Hercules Forwarding – TFII.to
announced the acquisition of Hercules Forwarding, Inc. (“Hercules”), a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation. Founded in 1985 and family-owned with US headquarters in Vernon, California and Canadian headquarters in New Westminster, BC, Hercules utilizes a 31-terminal network and operates more than 210 trucks, close to 600 trailers and approximately 75 containers, generating more than US $100 million in annual revenues.
Tuesday:
Quisitive To Launch MazikCare Copilot at the Annual HIMSS Conference: Revolutionizing Healthcare Collaboration with AI – QUIS.v
announce the upcoming launch of MazikCare copilot, a ground-breaking AI-powered healthcare solution set to redefine collaboration and productivity in the healthcare industry. Previewing at the annual HIMSS conference in Orlando, Florida, this week from March 11-15. MazikCare copilot is scheduled for general release in April 2024 and represents a significant leap forward in care coordination.
MazikCare copilot provides healthcare organizations with powerful AI capabilities for message triaging, task management, appointment scheduling, virtual care, and clinical documentation. Furthermore, MazikCare copilot offers pre-built integrations with MazikCare’s comprehensive healthcare platform and EMR/EHR solutions, ensuring secure information sharing, AI-driven insights, and operational efficiency. By harnessing the power of AI, MazikCare copilot enhances care delivery, reduces staff burnout, and lowers operational costs, ultimately improving patient outcomes.
VSBLTY to Launch AI-Driven Retail Solutions Powered by Qualcomm – VSBY.cse
launching a retail solutions suite utilizing enhanced computer vision solutions that are powered by the Qualcomm® QRB5165 platform.
“Using the QRB5165 platform and VSBLTY’s suite of computer vision software we are creating solutions that will soon answer many of retails’ common challenges,” according to VSBLTY Co-founder & CEO Jay Hutton. “Our development teams have been aligning to optimize our solutions for Qualcomm Technologies’ platform to enable customer analytics and personalized digital signage. This has expedited the validation of the QRB5165 platform within demanding edge use cases in retail.”
AtkinsRéalis awarded five-year framework contract with Northern Ireland rail operator – ATRL.to
has been appointed by Translink – Northern Ireland’s main public transport operator – to provide design and construction management on its rail network’s signalling and telecommunications.
AtkinsRéalis is one of two suppliers to win a place on a competitive framework, which has a total estimated value of £150 million – £250 million and will run until 2029, with the option to extend by a further 36 months.
Burcon Receives Co-Investment from Protein Industries Canada to Scale-Up and Commercialize Hempseed and Sunflower Seed Protein – BU.to
announce that it has received a co-investment from Protein Industries Canada (“PIC”) for the scale-up and commercialization of hempseed and sunflower seed protein.
In collaboration with HPS Food & Ingredients and Puratos Canada, Burcon will lead the commercialization efforts for its new-to-the-world high purity hempseed and sunflower seed protein ingredients. The $6.9 million project includes a $3 million co-investment from PIC to support the commercial scale-up of these novel protein ingredients and the development into innovative consumer food and beverage applications.
Water Ways Receives Fourth Apple Grove Smart Irrigation System Order in Canada – WWT.v
announces that its Canadian subsidiary, Heartnut Grove WWT Inc. (“WWT CANADA”), based in Mt. Brydges, Ontario, received a fourth order to design and construct a complete smart irrigation and fertigation project. The project will be delivered to a field of 75 hectares (about 300 acres) growing apples in southern Ontario. The project with a value of over CAD$500,000 will use the latest drip irrigation technology and is designed by Water Ways’ engineers. WWT Canada expects to deliver and install the project in Q3 of 2024. Down payment is expected to be received in Q2 2024 and the balance after installation and delivery.
Wednesday:
Draganfly to Integrate Drones with Knightscope Autonomous Security Robots & Systems – DPRO.cse
announce that Knightscope has selected Draganfly to jointly develop an autonomous security solution that combines Draganfly drones with Knightscope Autonomous Security Robots (ASRs), emergency communications devices & Knightscope Security Operations Center (KSOC) user interface & remote monitoring platform.
The integration of Draganfly’s drone solutions equips Knightscope with another state-of-the-art tool that, combined with its industry-leading ASRs and emergency communications platforms, enhance already powerful operational capabilities, thereby offering a scalable, efficient, and highly effective solution for modern security challenges.
Alterra Mountain Company partners with Taiga to add electric snowmobiles to its fleets across 15 ski mountain destinations – TAIG.to
announce that it is now a supplier of electric snowmobiles for Alterra Mountain Company (“Alterra”). “Following testing across 15 of their iconic mountain destinations, we’re proud to continue to support Alterra in their lower-carbon mission,” said Sam Bruneau
Alterra Mountain Company is a family of iconic year-round mountain destinations, the world’s largest heli-skiing operation, and Ikon Pass – the premier ski and snowboard season pass offering access to more than 50 iconic mountain destinations around the world.
Thursday:
Ballard announces $40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas – BLDP.to
has received notification from the Hydrogen and Fuel Cell Technologies Office within the U.S. Department of Energy (DOE) that Ballard’s applications for two grants totaling US$40 million under the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program have been selected and recommended for negotiation of financial awards. The grants will support Ballard’s construction and build-out of an integrated fuel cell production Gigafactory based in Rockwall, Texas.
Ballard plans for the new facility, dubbed Ballard Rockwall Giga 1, to be located on a parcel of 22 acres of industrial land within the Rockwall Technology Park in Rockwall, Texas. In Phase I, Ballard plans to invest approximately US$160 million (net of the US$40 million in expected DOE grants) from 2024 through the end of 2027 to build and commission a new manufacturing facility with annual production capacity of 8 million membrane electrode assemblies (MEAs), 8 million bipolar plates, 20,000 fuel cell stacks, and up to 20,000 fuel cell engines per year, or the equivalent of 3 gigawatts of fuel cells. The land acquisition rights and facility design provide Ballard with optionality for additional future phases at the Rockwall site.The $40 million in total DOE grants comprise a $30 million grant relating to advanced proton exchange membrane (PEM) MEAs and automated stack assembly, with the additional $10 million grant relating to a next-generation flexible graphite bipolar plate manufacturing line.
Tilray Medical Receives Approval for First Medical Cannabis Extract in Portugal – TLRY.to
announced a groundbreaking achievement in the medical cannabis industry in Portugal. Following the successful approval of our Tilray whole flower THC 18, Tilray Medical has now received approval for the first medical cannabis extract, Tilray Oral Solution THC 5 CBD 20, in Portugal, marking a significant milestone in medical cannabis availability and patient care within the country.