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Globe and Mail
9 minutes ago
- Globe and Mail
Liquid I.V. Debuts Innovative New Sugar-Free Hydration Multiplier in Canada
TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Today, Liquid I.V., the number one selling powdered hydration brand in Canada 1 announced the expansion of their product portfolio with the launch of the new Sugar-Free Hydration Multiplier. Available in the delicious and refreshing White Peach flavour, this launch marks Liquid I.V.'s most significant innovation in the market to date and is the brand's first sugar-free offering for Canadians. 'Sugar-free marks a bold step forward for Liquid I.V., cementing our place not only as leaders but innovators of hydration solutions,' said Anusha Babbar, Senior Vice President of International, Unilever Wellbeing. 'Canadians have shown great love to Liquid I.V. these past two years in market, so we're thrilled to be expanding our Canadian offering in the wellness category to meet their demands for a sugar-free option.' Liquid I.V. entered Canada in 2023, marking its first expansion beyond the U.S., and quickly established itself as a leading provider of powdered hydration. Yet, fans of the electrolyte beverage have been vocal about the need for a sugar-free option to meet their lifestyle needs. Today, Liquid I.V. responds to the demand with a first-of-its-kind formula that is scientifically formulated to restore electrolyte imbalances that occur through performance, heat, travel and adventure, without the sugar. "Sugar is often used as a key ingredient in electrolyte beverages for hydration support. We clinically tested countless sugar-free formulations to ensure that we weren't just ticking a box, but creating a formula backed by science that truly supported functional hydration,' said Lori Lauersen, Senior Vice President R&D, Unilever Wellbeing. "What we developed was an amino acid blend available in our Sugar-Free Hydration Multiplier, all delivered within a delightful peach flavoured beverage." Liquid I.V. Sugar-Free White Peach Hydration Multiplier delivers smart 0 sugar hydration that supports consumers in maintaining their wellness goals. It contains: 0g sugar 6 essential vitamins and minerals Blend of amino acids No artificial flavours or colours 100% + daily value of essential B vitamins (B3, B5, B12) To enjoy, simply pour one easy-to-open packet into 500ml of water, mix or shake, and hydrate. Its convenient single-serve, travel-friendly packets are easy to enjoy on the go. Liquid I.V. Sugar-Free White Peach is currently available at Costco Canada and will be available on later this month. About Liquid I.V.® Liquid I.V.® is a wellness company based in Los Angeles, CA. We believe hydration is the bedrock of wellness so our products are designed to deliver hydration and additional benefits with delicious flavour. The product line features great-tasting, non-GMO electrolyte drink mixes for enhanced hydration. As a purpose-driven brand, giving back is at the core of Liquid I.V.'s DNA, to date we've donated over 71 million servings to people in need around the globe. Liquid I.V.® contributes over 1% of brand revenue to our Impact Program focused on Clean Water Access & Hydration Aid. Liquid I.V.® provides grants to organizations that expand clean water access. We are committed to our goal of donating 150 million Liquid I.V.® sticks over the next 10 years. Liquid I.V. is available in-store at Costco, Walmart, and other national retailers, and online on To learn more, visit and follow @liquidivcanada on Instagram, TikTok and Facebook.
CBC
9 minutes ago
- CBC
'Why have they let it get to this point?': Air Canada customers deal with uncertainty of possible disruptions
Social Sharing Air Canada customers are trying to remain hopeful that a possible strike involving flight attendants won't disrupt their upcoming travel plans, but they're also steeling themselves for the possibility that could happen. That's the case for Toronto's James Catt, who's supposed to be flying to Los Angeles on Saturday, with his wife and son, as part of a special trip to celebrate his 15th wedding anniversary. The family's planned itinerary includes seeing a baseball game at Dodger Stadium and sitting in top-notch seats near first base. "The ball tickets were pretty expensive, they were about $1,000 US," Catt told CBC News Network midday Thursday. At this point, Catt has not been told the family's Saturday flight is a no-go. But with so much uncertainty, Catt says they have cancelled their hotel booking and are now weighing whether to drop their tickets, too. "We could try to cut our losses by selling the tickets on StubHub ... but the longer we wait, the less likely that is to work out," said Catt. "At the same time, we don't want to sell the tickets now and then find out that they make a deal at the last minute." Air Canada has already begun cancelling some flights ahead of a potential strike involving thousands of flight attendants that could begin on Saturday. Mark Nasr, the company's chief operations officer, said Thursday that cancellations would go from "several dozens" occurring on Thursday, growing to some 500 by the end of Friday, to a state of being "completely grounded" as of the start of a potential strike on Saturday — affecting roughly 130,000 customers daily — should a resolution not be reached. WATCH | Air Canada's plan if a deal is not reached: Air Canada exec lays out flight cancellation plans as strike looms 6 hours ago At a news conference, Air Canada's chief operations officer Mark Nasr detailed the airline's plans for gradual flight suspensions ahead of a potential strike by flight attendants Saturday morning. Several dozen cancellations are expected by the end of Thursday and about 500 by the end of Friday, he said. Air Canada proposed entering binding interest arbitration, but the union representing the flight attendants rejected that. The company has since asked the federal government to send the two parties to arbitration if an agreement can't be reached. 'Hoping for some kind of miracle' Anne Vivian-Scott of Kingston, Ont., is frustrated that the prospect of a labour disruption got so close before the airline alerted customers about potential issues. "Why have they let it get to this point?" asked Vivian-Scott, who identified her family as longtime loyal Air Canada customers. Her two adult children, who live on opposite sides of the Pacific Ocean, are supposed to fly to eastern Ontario to attend their cousin's wedding in Ottawa over the Labour Day weekend. It may be easier for her daughter, who lives on the West Coast, to seek an alternate flight home, via another carrier, if a labour disruption occurs. But her son, who lives in Japan, will have fewer options to choose from. "This was going to be his once-a-year trip home," said Vivian-Scott. She also noted that Kingston is a place some students will be flying back to in the days ahead, with the fall term at Queen's University lying just around the corner. WATCH | University student trying to get back for a final exam: Laeticia Halbedel, an Air Canada customer visiting family in Taiwan, says the potential strike is a 'major distraction' for her, as she's scheduled to return to take an upcoming final examination in Toronto next week. University of Toronto student Laeticia Halbedel is trying to get back to Toronto from Taipei, Taiwan — and not because the new school year is coming up. She's supposed to be writing a exam for a neuroscience-related course next week. "It's 35 per cent of my final mark, so it's quite important," Halbedel told CBC News Network on Thursday. For now, she's not sure what she's going to do — other than hope that her Taipei-to-Toronto flight will go ahead as scheduled. Back in Toronto, Catt is likewise "hoping for some kind of miracle" to be able to board his Air Canada flight on Saturday.
Globe and Mail
39 minutes ago
- Globe and Mail
Digi Power X Reports Solid Mid-Year Financial Position, Removal of ‘Going Concern' Risk and Positive Adjusted EBITDA in Q2 2025
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (' Digi Power X ' or the ' Company ') (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company specializing in Tier 3 AI data centers, high-performance computing and sustainable digital asset operations, today announced its unaudited financial results for the three and six months ended June 30, 2025 (all amounts in U.S. dollars, unless otherwise indicated). The Company's unaudited consolidated financial statements and management's discussion and analysis (' MD&A ') for the three and six-month period ended June 30, 2025, have been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at and are also available on the SEC's EDGAR website at Q2 Highlights Going Concern Removed – Significant balance sheet improvements have eliminated the 'going concern' risk previously disclosed in financial statements. Positive Adjusted EBITDA* achieved in Q2 2025, representing a major milestone toward sustainable profitability. Positive Working Capital Position Capital Raises – $6.6 million private placement + $4.5 million from warrant exercises = $12.9 million in Q2 2025. No long-term debts – Eliminated all loans payable and reduced accounts payable by more than $3.6 million since year-end 2024. Colocation revenue for the first six months of 2025 climbed to $9.57 million, a 163% increase year-over-year. Strategic & Operational Updates First B200 GPU Cluster Deployment on Track – In partnership with Super Micro Computers, Inc. (SMCI), the Company remains on schedule to have its first NVIDIA B200 GPU cluster fully operational by Q1 2026, marking a major milestone in its AI infrastructure roadmap. Advanced AI Customer Discussions – The Company is in advanced discussions with multiple AI customers to secure long-term infrastructure contracts, which are expected to increase revenue growth once finalized. Increased Energy Sales Revenue – Energy sales grew 127% year-over-year in Q2 2025 to $5.7 million, monetizing power assets alongside core colocation services. Operational Streamlining – Reduced cost of revenue and depreciation expenses by over $6.3 million compared to the first half of 2024, positioning the Company for improved margins ahead. Current Financial Position Strong Liquidity Position – As of today, Digi Power X holds over $30 million in cash, Bitcoin, Ethereum and cash equivalents, its strongest liquidity position in company history. Post-Quarter Capital Boost – Subsequent to quarter-end, the Company raised an additional $1.83 million through warrant exercises. 'The removal of the going concern risk and our achievement of over $30 million in cash and equivalents, including holdings of approximately 80 Bitcoin and 715 Ethereum, is a transformational moment for Digi Power X,' said Michel Amar, Chief Executive Officer of the Company. 'We now have the financial strength and operational momentum to capitalize on the rapidly expanding AI infrastructure market, with our first NVIDIA B200 GPU cluster set to go live in Q1 2026 and a pipeline of AI infrastructure contracts in advanced negotiations.' Looking ahead The Company expects continued strength in colocation and AI infrastructure deployments in the second half of 2025, supported by rising demand from enterprise AI, fintech and data-intensive sectors. Strong partnerships and enhanced liquidity position Digi Power X to pursue larger-scale projects, including planned expansions in Alabama and North Carolina. Digi Power X expects: Multiple AI customer contracts to be signed in Q4 2025 First B200 GPU cluster operational in Q4 2025/Q1 2026 Continued colocation and AI infrastructure growth supported by strong partnerships and expanded capacity Operations Update The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions. At-the-Market Financing Update On May 30, 2025, the Company entered into an at-the-market sales agreement with A.G.P./Alliance Global Partners as sales agent (the 'Agent'), pursuant to which the Company established an at-the-market equity program (the 'ATM Program'). From the commencement of the ATM Program through June 30, 2025, the Company issued 806,291 subordinate voting shares in exchange for gross proceeds of $1,759,800, at an average share price of $2.13, and received net proceeds of $1,715,597 after paying commissions of $44,203 to the Agent. About Digi Power X Digi Power X is an innovative energy infrastructure company that develops data centers to drive the expansion of sustainable energy assets. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the timeline for implementing its strategic plans, including as part of its various partnerships; the strength of demand for AI-related and colocation services; the issuance of a patent in respect of the ARMS system, deployment of the NVIDIA Blackwell 200 GPUs and the timing for and impact of that deployment potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: results of provisional utility patent application are uncertain and may not result as anticipated by Company, including the issuance of a nonprovisional utility patent, which may not occur on a timely basis or at all; delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company, or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; the digital currency market; the Company's ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at and The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law. * ADJUSTED EBITDA – NON-IFRS MEASURE Adjusted EBITDA is a non-IFRS financial measure and should be read in conjunction with and should not be viewed as an alternative to or replacement of measures of operating results and liquidity presented in accordance with IFRS. Readers are referred to the reconciliations of non-IFRS measures included in the Company's MD&A and in the table below. The following table provides a reconciliation of net income to Adjusted EBITDA for the first two quarters of 2025: Q2 2025 Q1 2025 $ $ Loss before other items (10,385,750) (1,688,532) Taxes and Interest 20,390 (6,923) Depreciation 1,573,691 2,172,791 Revaluation of warrant liabilities 3,431,921 (2,919,893) FX 3,538,930 63,294 FV Changes (450,288) 109,966 Share based compensation 2,069,041 1,038,785 Adjusted EBITDA 248,223 (1,340,478) (U.S.$ in thousands except per share data) Six Months Ended June 30 2025 June 30 2024 Revenue from digital currency mining 2,161 9,779 Revenue from colocation services 9,570 3,637 Revenue from sale of electricity - 6,283 Revenue from sale of energy 5,657 2,490 Cost of sales (15,252) (17,177) Depreciation and amortization (3,746) (7,903) Gross profit (loss) (1,611) (2,890) General and administrative and other expenses (3,886) (2,262) Foreign exchange (3,602) 2,003 Gain on disposition of cryptocurrencies 654 271 Change in FV of loan payable and salaries payable (283) (20) Other Income - 14 Share based compensation (3,108) (750) Gain on revaluation of digital currencies 286 49 Operating loss (11,549) (3,586) Revaluation of warrant liabilities (512) 3,682 Net financial expenses (13) (17) Net loss before income taxes (12,074) 79 Deferred tax (expense) recovery - - Net income (loss) for the year (12,074) 79 Foreign currency translation adjustment 3,205 (1,847) Revaluation of digital currency, net of tax - - Total comprehensive income (loss) for the year (8,869) (1,768) Basic and diluted income (loss) per share (0.34) 0.00 Weighted average number of subordinate voting shares outstanding – diluted 35,799,779 29,297,364
