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Category: Business

  • MIL-OSI China: Xi stresses transforming resource-based economy, advancing Chinese modernization during Shanxi inspection tour 2025-07-08 21:12:32 President Xi Jinping has called on north China’s Shanxi Province to further promote the transformation and development of the resource-based economy and strive to write its own chapter in advancing Chinese modernization.

    Source: People’s Republic of China – Ministry of National Defense

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lays a floral basket to pay tribute to the martyrs at the monument square honoring the martyrs of the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    TAIYUAN, July 8 (Xinhua) — President Xi Jinping has called on north China’s Shanxi Province to further promote the transformation and development of the resource-based economy and strive to write its own chapter in advancing Chinese modernization.

    Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during his inspection tour in Shanxi from Monday to Tuesday.

    On Monday afternoon, Xi visited a monument square in Yangquan City and paid tribute to heroes of the Eighth Route Army who died in the Hundred-Regiment Campaign. The campaign took place in northern China between August 1940 and January 1941 during the Chinese People’s War of Resistance Against Japanese Aggression.

    Xi described the campaign as a powerful testament to the CPC’s role as the pillar of the nation’s resistance war against Japanese aggression. He called for passing on the great spirit of resisting aggression from one generation to the next.

    Speaking to young students visiting an exhibition on the campaign, Xi called on the younger generation to carry forward the revolutionary legacy and rise to the task of national rejuvenation.

    When inspecting the Yangquan Valve Co., Ltd., Xi was briefed on the province’s progress in industrial transformation and upgrade in recent years. He also learned about the production and sales of some valve products at the company’s workshop.

    He emphasized that traditional manufacturing is an important part of the real economy, and called for efforts to respond to market demand and enhance sci-tech innovation to breathe new life into traditional industries.

    Noting that China’s industrial development today relies on advanced technologies and equipment for improvement, Xi encouraged the company’s staff members to contribute more to the country’s growing manufacturing strength.

    On Tuesday morning, after listening to a work report from the CPC Shanxi Provincial Committee and the provincial government, Xi made requirements for the province’s future work.

    Xi noted that building a national pilot area of comprehensive reform for the transformation of resource-based economy is a strategic task entrusted to Shanxi by the CPC Central Committee.

    While ensuring the coal supply for the country’s power generation, efforts should be made to promote the low-end to high-end transformation of the coal industry and the upgrading of coal products from primary fuels to high-value products, Xi said.

    He also required efforts to push forward the transformation and upgrading of traditional industries and develop emerging and future industries in light of local conditions to foster new quality productive forces.

    It is imperative to make good use of various development conditions, optimize the business environment and stimulate the vitality of business entities, he said.

    Xi also highlighted the bottom line of security and stability in this process, urging efforts to ensure people’s livelihoods, maintain social stability, safeguard ecological security and boost workplace safety.

    Persistent work should be done to enforce the Party’s full and rigorous self-governance, Xi added, calling for cultivating a clean political environment and improving the long-term, regular mechanisms for Party conduct.

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lays a floral basket to pay tribute to the martyrs at the monument square honoring the martyrs of the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, talks with students and staff members at the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, talks with students and staff members at the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yin Bogu)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, inspects the production workshop and products display at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Zhai Jianlan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, is pictured with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    MIL OSI China News –

    July 9, 2025

  • MIL-OSI USA: Ernst Names Small Business of the Week, Edd the Florist

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Edd the Florist of Wapello County.  Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
    “Since the Wiltz family purchased it in 1956, Edd the Florist has blossomed into a scent-sational institution in Ottumwa,” said Chair Ernst. “Hans Wilz has stayed rooted to his parents’ dreams, while expanding to provide gifts and gourmet foods for the community. Serving the community for nearly 70 years, this small business is blooming with success.”
    As the second-generation owner of Edd the Florist, Hans Wilz remains committed to providing Ottumwa and beyond with quality products curated with care. Family and entrepreneurial values are front and center as the business approaches its 70th anniversary. After emigrating from Germany, Margaret and Karl Wilz purchased the shop to pursue the American Dream, and Hans carries their legacy on today.
    Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

    MIL OSI USA News –

    July 9, 2025

  • MIL-OSI China: Xi stresses transforming resource-based economy, advancing Chinese modernization during Shanxi inspection tour 2025-07-08 21:12:32 President Xi Jinping has called on north China’s Shanxi Province to further promote the transformation and development of the resource-based economy and strive to write its own chapter in advancing Chinese modernization.

    Source: People’s Republic of China – Ministry of National Defense

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lays a floral basket to pay tribute to the martyrs at the monument square honoring the martyrs of the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    TAIYUAN, July 8 (Xinhua) — President Xi Jinping has called on north China’s Shanxi Province to further promote the transformation and development of the resource-based economy and strive to write its own chapter in advancing Chinese modernization.

    Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during his inspection tour in Shanxi from Monday to Tuesday.

    On Monday afternoon, Xi visited a monument square in Yangquan City and paid tribute to heroes of the Eighth Route Army who died in the Hundred-Regiment Campaign. The campaign took place in northern China between August 1940 and January 1941 during the Chinese People’s War of Resistance Against Japanese Aggression.

    Xi described the campaign as a powerful testament to the CPC’s role as the pillar of the nation’s resistance war against Japanese aggression. He called for passing on the great spirit of resisting aggression from one generation to the next.

    Speaking to young students visiting an exhibition on the campaign, Xi called on the younger generation to carry forward the revolutionary legacy and rise to the task of national rejuvenation.

    When inspecting the Yangquan Valve Co., Ltd., Xi was briefed on the province’s progress in industrial transformation and upgrade in recent years. He also learned about the production and sales of some valve products at the company’s workshop.

    He emphasized that traditional manufacturing is an important part of the real economy, and called for efforts to respond to market demand and enhance sci-tech innovation to breathe new life into traditional industries.

    Noting that China’s industrial development today relies on advanced technologies and equipment for improvement, Xi encouraged the company’s staff members to contribute more to the country’s growing manufacturing strength.

    On Tuesday morning, after listening to a work report from the CPC Shanxi Provincial Committee and the provincial government, Xi made requirements for the province’s future work.

    Xi noted that building a national pilot area of comprehensive reform for the transformation of resource-based economy is a strategic task entrusted to Shanxi by the CPC Central Committee.

    While ensuring the coal supply for the country’s power generation, efforts should be made to promote the low-end to high-end transformation of the coal industry and the upgrading of coal products from primary fuels to high-value products, Xi said.

    He also required efforts to push forward the transformation and upgrading of traditional industries and develop emerging and future industries in light of local conditions to foster new quality productive forces.

    It is imperative to make good use of various development conditions, optimize the business environment and stimulate the vitality of business entities, he said.

    Xi also highlighted the bottom line of security and stability in this process, urging efforts to ensure people’s livelihoods, maintain social stability, safeguard ecological security and boost workplace safety.

    Persistent work should be done to enforce the Party’s full and rigorous self-governance, Xi added, calling for cultivating a clean political environment and improving the long-term, regular mechanisms for Party conduct.

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lays a floral basket to pay tribute to the martyrs at the monument square honoring the martyrs of the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, talks with students and staff members at the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, talks with students and staff members at the memorial hall commemorating the Hundred-Regiment Campaign during the war of resistance against Japanese aggression, when inspecting Yangquan City, north China’s Shanxi Province, July 7, 2025. (Xinhua/Yin Bogu)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, inspects the production workshop and products display at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Xie Huanchi)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has a cordial conversation with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Zhai Jianlan)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, is pictured with workers at the Yangquan Valve Co., Ltd. in Yangquan City, north China’s Shanxi Province, July 7, 2025. Xi inspected the company here on Monday. (Xinhua/Yan Yan)

    MIL OSI China News –

    July 9, 2025

  • MIL-OSI United Kingdom: Record breakers! Stoke-on-Trent hosts world’s biggest tea party

    Source: City of Stoke-on-Trent

    The people of Stoke-on-Trent are officially world record holders, after the city smashed a Guinness World Record.

    Around 15,000 people came together across 194 venues today (Tuesday, 8 July), breaking the world record for the largest cream tea party held across multiple venues.

    The event was held to mark 100 years of city status as people came together across the city to share jam and cream scones and a cup of tea in a bid to make history.

    Guinness World Records adjudicators attended five venues – the Victoria Hall, Hanley; DoubleTree by Hilton, Festival Park; Jubilee Hall, Stoke Town Hall; Stoke Minster and NatWest Bank, Hanley – to formally verify the record.

    Tea and scones were enjoyed by 777 people across the five officially-verified venues – successfully breaking the previous record and making Stoke-on-Trent’s Centenary year even more unforgettable.

    Stoke-on-Trent’s twin city, Erlangen in Germany, also held a number of tea parties to celebrate the record attempt. The city’s mayor – and a number of schools – all took part to support Stoke-on-Trent.

    Councillor Steve Watkins, the Lord Mayor of Stoke-on-Trent, said: “What an incredible way to mark our centenary year, by officially breaking the record for the world’s biggest tea party and bringing thousands of people together in a true show of unity and community spirit.

    “This wasn’t just about the numbers – it was about celebrating who we are, a city built on pride, resilience and togetherness. Vis unita fortior – united strength is stronger – is our motto. And today we proved exactly that, by coming together and being record breakers.

    “Congratulations to everyone who took part, wherever you took part – you’ve made history, and you’ve done Stoke-on-Trent proud.”

    Councillor Lyn Sharpe, Stoke-on-Trent City Council’s Centenary Champion, said: “Well done, Stoke-on-Trent. You’re record breakers, ducks!

    “I’m so proud that the city I love came together to celebrate our centenary by smashing an official world record. What a way to mark 100 years of Stoke-on-Trent.

    “Families, friends, neighbours and colleagues came together proving that the simple act of sharing a cuppa can be something extraordinary when done together.”

    Nicky Twemlow from YMCA North Staffordshire, part of the event’s organising team, said: “This incredible achievement shows the world what we’ve always known here in Stoke-on-Trent, that when we come together, we can achieve great things.

    “Every cup of tea shared today was a reminder of our city’s warmth, pride and community spirit.”

    Hassan Rizvi, principal and chief executive at Stoke on Trent College, said: “Stoke on Trent College is truly honoured to play our part in a Guinness World Record, for the world’s largest cream tea party.

    “This is a fantastic way to continue the celebrations for the Centenary of Stoke-on-Trent.”      

    Lisa Healings, Chief Executive of VAST, said: “Stoke-on-Trent’s Centenary year has been a fantastic chance for the city to come together, and to remember and celebrate the amazing community spirit that exists.

    “The Big Centenary Tea Party was an opportunity for local voluntary, community and social enterprise organisations to bring together their staff, volunteers, members, and clients to say thank you, for the people of Stoke-on-Trent to be part of something memorable, and for local businesses to get involved in supporting events in their local area.

    “To have also broken a Guinness World Record just makes the event even more special for everyone involved and proves that when we put our minds to it, the people of Stoke-on-Trent can achieve great things.”

    Tom Nadin, head of project and business services at the Staffordshire Chamber of Commerce, said: “The City of Stoke-on-Trent setting the Guinness World Record for the world’s largest tea party, during our Centenary year, is more than a feel-good moment – it’s proof of our community’s warmth and togetherness.

    “For the Chamber, it shows what’s possible when local businesses and residents come together with pride and creativity. In Stoke-on-Trent, we don’t just make the tea – we make history with it.”

    Steve Adams, chief executive of Community Foundation for Staffordshire & Shropshire, said: “That’s how you win a world record attempt!

    “The true winner in this is our fantastic city, and this event demonstrated how much unity exists in Stoke-on-Trent.

    “People, charities and businesses from all walks of life, all backgrounds and all environments have come together to celebrate our city and work together for one goal.

    “It just goes to show how much we can achieve when we all pull together. That’s what makes Stoke-on-Trent great, and now we hold the record the world will know it too!”

    MIL OSI United Kingdom –

    July 9, 2025

  • MIL-OSI United Kingdom: Update on plans to safeguard heritage assets on Lower Kirkgate

    Source: City of Leeds

    Senior councillors will next week be updated on efforts to safeguard the future of key heritage assets on an historic street in Leeds city centre.

    A row of derelict privately-owned buildings on Lower Kirkgate has been cordoned off for safety reasons – and the road closed to traffic – since one of the properties suffered a partial collapse in April last year.

    Leeds City Council is intending to carry out a 16-week programme of stabilisation work on the buildings after their current owners – two linked companies called City Fusion and Kirkgate Land Residential – failed to take the necessary steps to make them safe. It will then seek, as is its legal right, to recover the cost of this work from the companies.

    The council is separately seeking to acquire the properties with a view to them being fully restored and brought back into meaningful long-term use, complementing the regeneration activity that has been successfully delivered elsewhere on Lower Kirkgate.

    Now a new report – due to be considered at a meeting of the council’s executive board next Wednesday, July 16 – has set out how these parallel courses of action are proceeding.

    The report confirms that the council is in continuing negotiations with City Fusion and Kirkgate Land Residential over its proposed purchase of the properties.

    It also confirms that a market value offer – based on an independent valuation undertaken in line with the Royal Institution of Chartered Surveyors’ Red Book Global Standards framework – for the buildings has been made by the council but to date this has not been accepted.

    As a result, next week’s executive board meeting will be asked to approve the development by the council of a case for the potential compulsory purchase of the buildings.

    A compulsory purchase would only be pursued as a tool of last resort if a negotiated sale cannot be agreed and no other options remain available that would enable the full restoration of the properties.

    Any formal decision – or resolution – on the use of compulsory purchase powers would be reserved until a future and as-yet unspecified meeting of executive board.

    The report also confirms that the council hopes to be in a position to complete its 16-week programme of stabilisation work on the buildings by the end of 2025.

    With detailed designs for this work close to being finalised, it is anticipated that a start on site should be possible during August.

    An update on plans for the reopening of the road after the work has been completed will be provided in due course.

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said:

    “The situation on Lower Kirkgate is a complex one and clearly remains a major source of frustration and concern for local residents and businesses.

    “We are determined to find a solution to the issues affecting this historic street, where important heritage assets have been allowed to fall into a serious state of disrepair.

    “It should be stressed that, at the current moment in time, the at-risk buildings are not owned by the council.

    “We are, however, acutely aware of the need to protect the 18th and 19th-century fabric of Lower Kirkgate.

    “It is against this backdrop that we are continuing to pursue the separate but parallel courses of action outlined in the report to next week’s executive board meeting.”

    The report also sets out how the council attempted – for more than a decade – to facilitate improvements to the buildings.

    Key to these improvements would have been the award of grant support from a council-backed regeneration scheme called the Lower Kirkgate Townscape Heritage Initiative (THI).

    Despite its best efforts, however, the council was unable to formally agree terms for this award of THI funding before the scheme came to an end last year.

    THI grants helped drive the restoration of a number of other buildings on Lower Kirkgate, including the Grade II-listed First White Cloth Hall, as well as a fundamental redesign of the local street-scene.

    The report that will be considered at next week’s executive board meeting can be found in full at item number 16 here.

    Notes to editors:

    City Fusion and Kirkgate Land Residential were served with an urgent works notice by Leeds City Council in February this year.

    This legal document gave the companies 28 days to start a programme of stabilisation work on a number of at-risk buildings owned by them on Lower Kirkgate.

    Their failure to meet the deadline for compliance means the council – using statutory powers granted to local authorities by the Planning (Listed Buildings and Conservation Areas) Act 1990 – has the right to carry out the work itself. The drawing up of detailed designs for this work began in March.

    Planning regulations required the council to secure permission from the Secretary of State for Culture, Media and Sport before the urgent works notice could be issued.

    Approval was granted by the Secretary of State in December following an application made by the council in August 2024.

    The buildings currently pose no threat to public safety, with protective hoardings being placed in front of them following last April’s partial collapse. The ‘buffer zone’ created by the hoardings means that Lower Kirkgate is currently closed to traffic.

    ENDS

    MIL OSI United Kingdom –

    July 9, 2025

  • MIL-OSI: Societe Generale: shares & voting rights as of 30 June 2025

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 30 JUNE 2025

    Regulated Information

    Paris, 8 July 2025

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights
    30 June 2025 800,316,777

    Gross: 889,511,445

    Press contacts:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    • Societe-Generale-shares-voting-rights-as-of-30-06-2025

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Ageas and BlackRock, Inc.: Transparency notification

    Source: GlobeNewswire (MIL-OSI)

    In accordance with the rules on financial transparency*, BlackRock, Inc. has notified Ageas on 3 July 2025 that, on 1 July 2025, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 7,78%.

    Reason for the notification
    Acquisition or disposal of the control of an undertaking that holds a participating interest in an issuer

    Notification by
    A parent undertaking or a controlling person

    Persons subject to the notification requirement
    See annex 1a

    Date on which the threshold is crossed
    1 July 2025

    Threshold that is crossed (in %)
    5%

    Denominator
    198.938.286

    Notified details
    See annex 1 b

    Chain of controlled undertakings through which the holding is effectively held, if applicable
    The full chain of command can be found on https://www.ageas.com/investors/shareholders

    Additional information
    As a result of the acquisition of HPS Investment Partners, there has been a change to BlackRock’s group structure. Upon the close of the transaction, BlackRock, Inc. contributed all of its equity interests in BlackRock Finance, Inc. and Global Infrastructure Management, LLC to BlackRock Saturn Subco, LLC, a wholly owned subsidiary of the Company.

    This press release and the notifications received by Ageas are available on the website.

    * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    ANNEX 1a

    Name Address (for legal entities)
    BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
    BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
    BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
    BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
    BlackRock Asset Management Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
    BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
    BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
    BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
    BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
    BlackRock Institutional Trust Company, National Association 400 Howard Street, San Francisco, CA, 94105, U.S.A.
    BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
    BlackRock Investment Management (Australia) Limited Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia
    BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
    BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
    BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan
    Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
    SpiderRock Advisors, LLC Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808, U.S.A.

    ANNEX 1b

    A) Voting rights Previous notification After the transaction  
      # of voting rights # of voting rights % of voting rights  
    Holders of voting rights   Linked to securities Not linked to the securities Linked to securities Not linked to the securities S
    BlackRock, Inc. 0 0   0,00%   1
    BlackRock (Singapore) Limited 26.755 26.310   0,01%   1
    BlackRock Advisors (UK) Limited 2.917.790 3.172.318   1,59%   1
    BlackRock Advisors, LLC 203.203 332.981   0,17%   1
    BlackRock Asset Management Canada Limited 147.243 262.978   0,13%   1
    BlackRock Asset Management Deutschland AG 1.811.227 1.362.308   0,68%   1
    BlackRock Asset Management North Asia Limited 25.474 25.829   0,01%   1
    BlackRock Financial Management, Inc. 50.348 190.132   0,10%   1
    BlackRock Fund Advisors 3.769.688 3.810.650   1,92%   1
    BlackRock Institutional Trust Company, National Association 2.088.675 2.690.187   1,35%   1
    BlackRock International Limited 1.637 12.647   0,01%   1
    BlackRock Investment Management (Australia) Limited 69.199 56.242   0,03%   1
    BlackRock Investment Management (UK) Limited 895.264 1.142.495   0,57%   1
    BlackRock Investment Management, LLC 418.682 373.405   0,19%   1
    BlackRock Japan Co., Ltd. 285.173 300.448   0,15%   1
    Aperio Group, LLC 18.343 21.757   0,01%   1
    Subtotal 12.728.700 13.780.688   6,93%   S
      TOTAL 13.780.688 0 6,93% 0,00%  
    B) Equivalent financial instruments After the transaction
    Holders of equivalent
    financial instruments    		 Type of financial instrument Expiration date Exercise period or date # of voting rights that may be acquired if the instrument is exercised % of voting rights Settlement  
    BlackRock Advisors, LLC Contract Difference     641.303 0,32% cash  
    BlackRock Financial Management, Inc. Contract Difference     513.136 0,26% cash  
    BlackRock Institutional Trust Company, National Association Contract Difference     326.027 0,16% cash  
    BlackRock Investment Management (UK) Limited Contract Difference     13.097 0,01% cash  
    BlackRock Investment Management, LLC Contract Difference     845 0,00% cash  
    Aperio Group, LLC Depositary Receipt     195.684 0,10%    
    SpiderRock Advisors, LLC Depositary Receipt     158 0,00%    
      TOTAL   1.690.250 0,85%    
      TOTAL (A & B)     # of voting rights % of voting rights    
          CALCULATE 15.470.938 7,78%    

            

    Attachment

    • PDF version of the press release

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Crédit Agricole Assurances announces the launch of an accelerated bookbuilding offering of its whole stake in FDJ United

    Source: GlobeNewswire (MIL-OSI)

    Crédit Agricole Assurances announces the launch of an accelerated bookbuilding offering of its whole stake in FDJ United

    8 July 2025 – Crédit Agricole Assurances (“CAA”), which, via its wholly-owned subsidiaries Predica and Crédit Agricole Assurances Retraite, currently owns 6,110,156 shares of FDJ United (the “Company”), representing approximately 3.3% of the Company’s share capital and 4.5% of its voting rights, announces the launch of an offering of its whole stake in FDJ United (the “Shares”). These Shares will be offered as part of an accelerated bookbuilding offering to institutional investors (the “Placement”).

    CAA has been a shareholder of FDJ United, an international gaming operator, since its IPO in November 2019 and has supported the Company throughout its development, including the successful recent acquisition of Kindred. CAA completed an initial sale of c. 4.1 million shares in November 2024 as part of its strategy of actively managing its investment portfolio. Upon completion of the Placement, CAA will no longer be a shareholder of the Company.

    The Placement will start immediately following this announcement. The final terms of the Placement will be determined and announced after the end of the bookbuilding process.

    Settlement of the Placement should take place on 11 July 2025.

    FDJ United’s shares are listed on the regulated market of Euronext in Paris (ISIN code: FR0013451333).

    This press release does not constitute an offer or solicitation to purchase and the offering of the shares in FDJ United does not constitute a public offering (except to institutional investors) in any country, including in France.

    Crédit Agricole Corporate and Investment Bank and Morgan Stanley Europe SE are acting as Global Coordinators and Bookrunners on the Placement.

    About Crédit Agricole Assurances
    Crédit Agricole Assurances, France’s leading insurer, is Crédit Agricole group’s subsidiary, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. At the end of 2024, Crédit Agricole Assurances had more than 6,700 employees. Its 2024 premium income (non-GAAP) amounted to 43.6 billion euros.
    www.ca-assurances.com

    Press contacts
    Géraldine Bailacq +33 (0)6 81 75 87 59
    Nicolas Leviaux +33 (0)6 19 60 48 53
    Julien Badé +33 (0)7 85 18 68 05
    service.presse@ca-assurances.fr

    Disclaimer

    This press release is for information purposes only and does not, and shall not, constitute an offer to sell or a solicitation of an offer to buy or subscribe any securities nor a solicitation to offer to purchase or to subscribe securities in any jurisdiction and does not constitute a public offer other than the offering to qualified investors in any jurisdiction, including France.

    The sale of FDJ United shares does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.

    No communication and no information in respect of the sale by Crédit Agricole Assurances of FDJ United shares may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The offer of sale of FDJ United shares on behalf of Crédit Agricole Assurances may be subject to specific legal or regulatory restrictions in certain jurisdictions. Crédit Agricole Assurances, its shareholders and affiliates take no responsibility for any violation of any such restrictions by any person.

    European Economic Area
    In member states of the European Economic Area, this press release is an advertisement and is not a prospectus with the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”).

    With respect to the member states of the European Economic Area other than France (the “Member States”), no action has been or will be taken in order to permit a public offer of the securities which would require the publication of a prospectus in one of such Member States. In Member States, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

    France
    In France, the offer of FDJ United shares described in this press release will be carried out through a placement through an accelerated bookbuilding process to qualified investors only within the meaning of Article 2(e) of the Prospectus Regulation and in accordance with applicable French laws and regulations. There will be no public offering in any country (including France) in connection with the shares of FDJ United, except to qualified investors only.

    United Kingdom
    In the United Kingdom, this communication is for distribution to, and is only directed at, persons in the United Kingdom that (i) are “investment professionals” falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) are persons falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Order, or (iii) are located outside the United kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Article 21 of the Order) in connection with the issue or sale of any securities may otherwise lawfully be communicated or cause to be communicated (all such persons together being referred to as “Relevant Persons”). This press release is only directed at Relevant Persons and are available only to Relevant Persons. Any person who is not a Relevant Person must act or rely on this document or any of its contents.

    Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person shall not act or rely on this document or any of its contents.

    With respect to the United Kingdom, securities may not be offered or sold absent the publication of a prospectus in the United Kingdom or an exemption from such publication under the Regulation (EU) 2017/1129, as amended, as it forms part of domestic law by virtue of the European Union (Withdrawal Act) 2018 (the “UK Prospectus Regulation”). As a consequence, this document is directed only at persons who are “qualified investors” as defined in point (e) of Article 2 of the UK Prospectus Regulation.
    This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority for the purpose of Section 85 of the Financial Services and Markets Act 2000.

    United States
    This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. FDJ United shares have not been and will not be registered under the Securities Act and neither Crédit Agricole Assurances, nor any of its shareholders or their respective affiliates intend to register any portion of the proposed offering in the United States or to conduct a public offering in the United States.

    Australia
    This press release is not a prospectus or product disclosure statement under the Corporations Act 2001 (Cth) (the “Corporations Act”) and does not constitute a recommendation to acquire, an invitation to apply for, an offer to apply for or buy, an offer to arrange the issue or sale of, or an offer for issue or sale of, any securities in Australia except as set out below. Interests may only be offered, issued, sold or distributed in Australia by way of or pursuant to an offer or invitation that does not need disclosure to investors either under Part 7.9 or Part 6D.2 of the Corporations Act, whether by reason of the investor being a ‘sophisticated investor’ or ‘wholesale client’ (as defined in section 708(8) and 761G of the Corporations Act respectively) or otherwise. Nothing in this press release constitutes an offer of interests or financial product advice to a ‘retail client’ (as defined in section 761G of the Corporations Act and applicable regulations). Accordingly, this press release has not been lodged with the Australian Securities and Investments Commissions (“ASIC”). Neither the Placement nor the contents of this press release have been approved by ASIC or any regulatory body or agency in Australia.

    Canada, Japan and South Africa
    The FDJ United shares may not and will not be offered, sold or purchase in Canada, Japan or South Africa. The information contained in this press release does not constitute an offer of securities for sale in Canada, Japan or South Africa.

    The release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. No action has been taken to allow offer of FDJ United shares or distribution of this press release in any jurisdiction where any such action would be required. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

    Any investment decision to purchase FDJ United shares must be made solely on the basis of publicly available information regarding FDJ United. Such information is not the responsibility of Crédit Agricole Assurances and has not been independently verified by Crédit Agricole Assurances.

    The global coordinators and bookrunners are acting on behalf of Crédit Agricole Assurances (to the exclusion of all others) in connection with the placement and will not be liable to any person other than Crédit Agricole Assurances either for warranties given to clients of the global coordinators and bookrunners or for advice in connection with the placement.

    Neither the global coordinators and bookrunners nor any of its directors, officers, employees, advisors or agents accept any responsibility for, or make any representations or warranty, express or implied, as to the accuracy or completeness of the information contained in this press release (or if any information has been omitted from this press release) or any other information relating to FDJ United, Crédit Agricole Assurances, their respective subsidiaries or associated companies, whether in written, oral, visual or electronic form, and however transmitted or made available, or any loss from the use of this press release or its contents or otherwise.

    Distribution, publication or release of this press release are forbidden in any jurisdiction where such distribution or release would be unlawful.

    Attachment

    • 20250708 – CAA – Launch Press Release – vF

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Caisse Française de Financement Local EMTN 2025-7 B

    Source: GlobeNewswire (MIL-OSI)

    Paris, 8 July 2025

    Capitalised terms used herein shall have the meaning specified for such terms in the Caisse Française de Financement Local base prospectus to the €75,000,000,000 Euro Medium Term Note Programme dated 10 June 2025 (the “Base Prospectus”).

    Caisse Française de Financement Local has decided to issue on 10 July 2025 – Euro 150,000,000 Fixed Rate Obligations Foncières due 17 April 2035 to be assimilated upon listing and form a single series with the existing Euro 1,000,000,000 Fixed Rate Obligations Foncières due 17 April 2035 issued on 17 April 2025.

    The net proceeds of this issue will be used to finance and/or refinance, in whole or in part, the Eligible Green Loans as defined in the SFIL Group Green, Social and Sustainability Bond Framework which is available on the website of the Issuer.

    The Base Prospectus dated 10 June 2025 approved by the Autorité des Marchés Financiers and the Final Terms relating to the issue are available on the website of the Issuer (https://sfil.fr/caffil-notre-filiale/), on the website of the AMF (www.amf-france.org), and with the Paying Agent indicated in the Base Prospectus (www.bourse.lu).

    Attachment

    • CAFFIL EMTN 2025-7 B_Communiqué

    The MIL Network –

    July 9, 2025

  • MIL-OSI: SEMCAP Food & Nutrition Announces Investment in Fresh Prep, Canada’s Leading, Locally-Led Meal Subscription Service

    Source: GlobeNewswire (MIL-OSI)

    Growth Equity Investor Becomes Large Minority Shareholder to Support Brand’s Rapid National Expansion and Sustainability Leadership

    VANCOUVER, BC & WAYNE, Pa. , July 08, 2025 (GLOBE NEWSWIRE) — SEMCAP Food & Nutrition, a growth equity investment firm focused on identifying and growing the purpose-driven food and nutrition brands of the future, announces a large minority investment in Fresh Prep, a proudly Canadian-founded and operated, B Corp-certified meal subscription service known for its zero-waste innovation, strong customer loyalty, and commitment to sustainability. This investment aligns with SEMCAP’s vision of supporting sustainable, high-performing food brands across North America, and Fresh Prep joins a prestigious portfolio of industry leaders, including ALOHA, good culture, Kite Hill and Purely Elizabeth.

    “Fresh Prep is a perfect addition to our portfolio as we invest behind innovative food companies that support sustainable modern health and a better future for food,” said Kate Storey, Partner at SEMCAP Food & Nutrition. “Unlike competitors who have faced challenges in the meal-delivery space, the Fresh Prep team has emerged as a shining light with an unwavering focus on delivering incredible, unmatched quality and truly empowering consumers with food that fits their lifestyle, budget, and goals which has resulted in tremendous, profitable growth. Prioritizing innovation, automation and sustainability, with the launch of their zero-waste kits, is clearly a recipe for profitability, driving more than C$100 million in annual revenue and 40-percent CAGR over the past 5 years. We look forward to delivering the support to help the company with its national expansion and east coast launch in Quebec and Ontario and further accelerating this rapid growth.”

    As part of this minority investment, Storey, a Vancouver local, will join Fresh Prep’s Board of Directors, to support the founding team at the helm of this Canadian-operated company. SEMCAP brings complementary operational expertise and its network of food-focused advisors to help scale Fresh Prep’s impact while preserving its identity, mission and day-to-day operations. This additional support will help Fresh Prep maintain its laser-focus on driving continuous improvement and customer value, including by expanding its delivery footprint and increasing basket size with its ready-to-eat line of products and curated grocery staples available through the Fresh Prep Market. SEMCAP joins a seasoned group of investors supporting Fresh Prep’s growth. This includes Renewal Funds, who both led the Series A and participated in the Series B round, as well as Longo Family Capital Corporation, who also participated in both rounds.

    “With extensive operational expertise in the food and nutrition space and an impact-driven investment strategy, SEMCAP Food & Nutrition is the ideal partner for our next phase of growth,” said Dhruv Sood Co-CEO of Fresh Prep. “Kate and the team are completely aligned with our mission, immediately recognizing sustainability as an important differentiator in our space. We look forward to tapping the operational expertise within SEMCAP’s platform and broader network to help accelerate the expansion of the Fresh Prep brand and work to maintain high double-digit topline growth this year and beyond.”

    Fresh Prep was founded by three life-long friends Becky Brauer, Dhruv Sood, and Husein Rahemtulla in 2015, while trying to answer the familiar question, “What’s for dinner?” They understood the daily struggles of busy people trying to cook wholesome meals at home, and while conventional meal kits offered convenience, they also generated excess packaging and waste. With an unwavering commitment to delighting their customers and driving continuous innovation, the team founded a very different kind of meal-kit service, differentiated from the start by its patented ‘Zero Waste’ food kits – that were made for convenience and sustainability. Fresh Prep’s success was also built on a dedicated delivery fleet, which enables tighter quality control, more convenient delivery windows and real-time tracking for its customers. The company is able to offset carbon emissions which means net zero emissions deliveries.

    SEMCAP was founded in 2020 by Walter (“Buck”) Buckley and Cyrus Vandrevala to invest in companies at the forefront of seminal trends in sectors that have the greatest impact on humanity – food, health and, most recently, AI. SEMCAP’s Food & Nutrition platform is led by John Haugen, Ryan Newcom, and Kate Storey. The team invests in environmentally sustainable, high-growth businesses with more than $25 million in revenue and category-leading products that have achieved proof of concept and evidence of scale.

    “With the strength of its management team and track record of profitable growth, it would be hard to find a better example than Fresh Prep of what we’re looking for as we execute against our cross-border investment strategy,” said Haugen. “We’re seeing consumers fuel a massive food revolution across North America and this seismic shift presents an incredible opportunity for our Food & Nutrition platform to identify and help scale the food and nutrition brands of the future.”

    About Fresh Prep

    Fresh Prep is a Canadian meal subscription service on a mission to make sustainable, high-quality meals more accessible to busy households. Each week, customers can choose from 35+ ready-to-cook and ready-to-eat meals, plus over 150 grocery staples, from quick breakfasts to effortless dinners.

    Founded in Vancouver in 2015, Fresh Prep delivers across British Columbia, Alberta, Ontario, and Quebec. Meals arrive in reusable cooler bags and many recipes come in patented Zero Waste Kits designed to reduce single-use plastic.

    Fresh Prep is the first Canadian meal subscription service to become a Certified B Corporation, balancing purpose and profit.

    Learn more at www.freshprep.ca.

    About SEMCAP Food & Nutrition

    SEMCAP Food & Nutrition invests in remarkable food companies that support sustainable modern health and a better future for food. Led by a highly skilled investment team with deep operating and investing experience in consumer packaged goods, the team provides unique deal insight and support for strategic partnering and enhanced growth. SEMCAP Food & Nutrition, with offices in Vancouver and Philadelphia, partners with companies whose products emphasize organic, natural, non-GMO, and low-carbon foods as well as efficient supply chain and delivery and low-waste packaging. SEMCAP Food & Nutrition is one of SEMCAP’s three platforms – AI, healthcare, and food. SEMCAP is a growth equity company committed to investing behind seminal trends in these sectors that have the greatest impact on society. Visit www.semcap.com for more information.

    This release is provided for informational purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. This material may contain estimates and forward-looking statements, which may include forecasts and do not represent a guarantee of future performance. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. The views expressed are as of July 8, 2025 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves significant risks. 

    ©2025 Seminal Capital Holdings, LLC. All rights reserved. SEMCAP is a trademark of Seminal Capital Holdings, LLC.

    The MIL Network –

    July 9, 2025

  • MIL-OSI: SEMCAP Food & Nutrition Announces Investment in Fresh Prep, Canada’s Leading, Locally-Led Meal Subscription Service

    Source: GlobeNewswire (MIL-OSI)

    Growth Equity Investor Becomes Large Minority Shareholder to Support Brand’s Rapid National Expansion and Sustainability Leadership

    VANCOUVER, BC & WAYNE, Pa. , July 08, 2025 (GLOBE NEWSWIRE) — SEMCAP Food & Nutrition, a growth equity investment firm focused on identifying and growing the purpose-driven food and nutrition brands of the future, announces a large minority investment in Fresh Prep, a proudly Canadian-founded and operated, B Corp-certified meal subscription service known for its zero-waste innovation, strong customer loyalty, and commitment to sustainability. This investment aligns with SEMCAP’s vision of supporting sustainable, high-performing food brands across North America, and Fresh Prep joins a prestigious portfolio of industry leaders, including ALOHA, good culture, Kite Hill and Purely Elizabeth.

    “Fresh Prep is a perfect addition to our portfolio as we invest behind innovative food companies that support sustainable modern health and a better future for food,” said Kate Storey, Partner at SEMCAP Food & Nutrition. “Unlike competitors who have faced challenges in the meal-delivery space, the Fresh Prep team has emerged as a shining light with an unwavering focus on delivering incredible, unmatched quality and truly empowering consumers with food that fits their lifestyle, budget, and goals which has resulted in tremendous, profitable growth. Prioritizing innovation, automation and sustainability, with the launch of their zero-waste kits, is clearly a recipe for profitability, driving more than C$100 million in annual revenue and 40-percent CAGR over the past 5 years. We look forward to delivering the support to help the company with its national expansion and east coast launch in Quebec and Ontario and further accelerating this rapid growth.”

    As part of this minority investment, Storey, a Vancouver local, will join Fresh Prep’s Board of Directors, to support the founding team at the helm of this Canadian-operated company. SEMCAP brings complementary operational expertise and its network of food-focused advisors to help scale Fresh Prep’s impact while preserving its identity, mission and day-to-day operations. This additional support will help Fresh Prep maintain its laser-focus on driving continuous improvement and customer value, including by expanding its delivery footprint and increasing basket size with its ready-to-eat line of products and curated grocery staples available through the Fresh Prep Market. SEMCAP joins a seasoned group of investors supporting Fresh Prep’s growth. This includes Renewal Funds, who both led the Series A and participated in the Series B round, as well as Longo Family Capital Corporation, who also participated in both rounds.

    “With extensive operational expertise in the food and nutrition space and an impact-driven investment strategy, SEMCAP Food & Nutrition is the ideal partner for our next phase of growth,” said Dhruv Sood Co-CEO of Fresh Prep. “Kate and the team are completely aligned with our mission, immediately recognizing sustainability as an important differentiator in our space. We look forward to tapping the operational expertise within SEMCAP’s platform and broader network to help accelerate the expansion of the Fresh Prep brand and work to maintain high double-digit topline growth this year and beyond.”

    Fresh Prep was founded by three life-long friends Becky Brauer, Dhruv Sood, and Husein Rahemtulla in 2015, while trying to answer the familiar question, “What’s for dinner?” They understood the daily struggles of busy people trying to cook wholesome meals at home, and while conventional meal kits offered convenience, they also generated excess packaging and waste. With an unwavering commitment to delighting their customers and driving continuous innovation, the team founded a very different kind of meal-kit service, differentiated from the start by its patented ‘Zero Waste’ food kits – that were made for convenience and sustainability. Fresh Prep’s success was also built on a dedicated delivery fleet, which enables tighter quality control, more convenient delivery windows and real-time tracking for its customers. The company is able to offset carbon emissions which means net zero emissions deliveries.

    SEMCAP was founded in 2020 by Walter (“Buck”) Buckley and Cyrus Vandrevala to invest in companies at the forefront of seminal trends in sectors that have the greatest impact on humanity – food, health and, most recently, AI. SEMCAP’s Food & Nutrition platform is led by John Haugen, Ryan Newcom, and Kate Storey. The team invests in environmentally sustainable, high-growth businesses with more than $25 million in revenue and category-leading products that have achieved proof of concept and evidence of scale.

    “With the strength of its management team and track record of profitable growth, it would be hard to find a better example than Fresh Prep of what we’re looking for as we execute against our cross-border investment strategy,” said Haugen. “We’re seeing consumers fuel a massive food revolution across North America and this seismic shift presents an incredible opportunity for our Food & Nutrition platform to identify and help scale the food and nutrition brands of the future.”

    About Fresh Prep

    Fresh Prep is a Canadian meal subscription service on a mission to make sustainable, high-quality meals more accessible to busy households. Each week, customers can choose from 35+ ready-to-cook and ready-to-eat meals, plus over 150 grocery staples, from quick breakfasts to effortless dinners.

    Founded in Vancouver in 2015, Fresh Prep delivers across British Columbia, Alberta, Ontario, and Quebec. Meals arrive in reusable cooler bags and many recipes come in patented Zero Waste Kits designed to reduce single-use plastic.

    Fresh Prep is the first Canadian meal subscription service to become a Certified B Corporation, balancing purpose and profit.

    Learn more at www.freshprep.ca.

    About SEMCAP Food & Nutrition

    SEMCAP Food & Nutrition invests in remarkable food companies that support sustainable modern health and a better future for food. Led by a highly skilled investment team with deep operating and investing experience in consumer packaged goods, the team provides unique deal insight and support for strategic partnering and enhanced growth. SEMCAP Food & Nutrition, with offices in Vancouver and Philadelphia, partners with companies whose products emphasize organic, natural, non-GMO, and low-carbon foods as well as efficient supply chain and delivery and low-waste packaging. SEMCAP Food & Nutrition is one of SEMCAP’s three platforms – AI, healthcare, and food. SEMCAP is a growth equity company committed to investing behind seminal trends in these sectors that have the greatest impact on society. Visit www.semcap.com for more information.

    This release is provided for informational purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. This material may contain estimates and forward-looking statements, which may include forecasts and do not represent a guarantee of future performance. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. The views expressed are as of July 8, 2025 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves significant risks. 

    ©2025 Seminal Capital Holdings, LLC. All rights reserved. SEMCAP is a trademark of Seminal Capital Holdings, LLC.

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Solutions30 Appoints Arno Janssen as CEO in the Netherlands, Following Recent Leadership Reinforcements Across Europe

    Source: GlobeNewswire (MIL-OSI)

    Solutions30, the European leader in multi-technical field services for the telecommunications, energy, and digital sectors, announces the appointment of Arno Janssen as CEO of its operations in the Netherlands. This appointment follows the recent strengthening of its leadership team, including the nominations of Antoine Mirabel (France), Oliver Fidorra (Germany), and Axel Vandevenne (Belgium).

    Arno Janssen brings extensive international experience, having held several senior leadership positions at Bosch Building Technologies, with a strong focus on management development, sales and marketing. In his previous roles, Arno has led growing organisations and M&A activities in the market of building technologies for sectors like public transport, government and industry. He holds degrees in Mechanical Engineering and Marketing, and is known for his passion for technology and people development.

    Luc Brusselaers, Chief Revenue Officer and member of the Management Board, stated “Arno joins Solutions30 at a pivotal time, as we reinforce our leadership across Europe. His experience and vision will play a key role in our continued success as we expand our presence in the building technology market in the Netherlands. Arno strengthens our leadership team, particularly at a time when we are intensifying our activities in the Power Grid sector, solidifying our role as a strategic partner in energy infrastructure modernization that supports the energy transition and the increase in grid capacity.”

    About Solutions30 SE

    Solutions30’s mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike, especially with regard to the digital transformation and the energy transition. With its network of more than 16,000 technicians, Solutions30 has completed over 65 million call-outs since its inception and led over 500 renewable energy projects with a combined maximum output surpassing 1800 MWp. Every day, Solutions30 is doing its part to build a more connected and sustainable world. Solutions30 has become an industry leader in Europe with operations in 10 countries: France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Spain, Portugal, the United Kingdom, and Poland. The capital of Solutions30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised. Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indices : CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.

    Visit our website to learn more: www.solutions30.com

    Contact

    Individual Shareholders:

    actionnaires@solutions30.com – Tel: +33 1 86 86 00 63

    Analysts/Investors:
      investor.relations@solutions30.com

    Press – Image 7:
     Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    • PR_Nomination NL 08072025

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Bitsolara: A New Era Begins in the GameFi World

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — Among the rising stars of the GameFi ecosystem, Bitsolara is attracting attention with its Telegram-based airdrop system and innovative mechanics. Built on speed, accessibility, and rewarding experiences, Bitsolara is now in active public sale, offering early investors the chance to buy at the lowest price before the first major exchange listing.

    Mission and Vision
    Mission:
    Bitsolara aims to democratize Web3 access by providing a seamless, wallet-free gamified DeFi experience directly within Telegram. It empowers users to engage with blockchain mechanics intuitively, making earning and social interaction easy for everyone.

    Vision:
    To become the leading Telegram-native Web3 ecosystem that combines GameFi, DeFi, and SocialFi through innovative, user-friendly mini-apps. Bitsolara envisions a community-driven platform that continuously evolves with engaging quests, NFT integrations, and dynamic reward systems, creating sustainable value and fun for millions worldwide.

    Project Vision and Goals
    Bitsolara aims to revolutionize the play-to-earn model by offering a simplified and gamified reward system accessible to everyone. With just a few taps on Telegram, users can complete tasks and instantly earn tokens — no complex steps, no confusing dashboards.

    Beyond short-term hype, Bitsolara has a clear long-term vision:
    • Launch of a staking system
    • Introduction of NFT-based mini games
    • Cross-project integrations
    • Expansion into DeFi modules
    These features are designed to establish Bitsolara as a multi-layered Web3 ecosystem that grows with its community.

    Current Stage: Public Sale is Live
    Bitsolara is currently in public sale, and it’s the perfect time for early adopters to get in at the ground level. Tokens are available at the lowest entry price before any centralized exchange listing. This means participants today have the chance to benefit from value increases once the project goes live on major platforms.

    Upcoming Listing on a Top 10 Exchange
    One of the project’s most anticipated milestones is its listing on one of the top 10 global cryptocurrency exchanges. This major listing will not only increase visibility but also provide deep liquidity and access to a much broader user base.
    Upon listing, Bitsolara will:
    • Activate staking mechanisms
    • Release interactive gameplay features
    • Expand strategic partnerships
    • Launch new user acquisition campaigns
    This listing marks the beginning of a global expansion phase for Bitsolara.

    Conclusion: The Future Will Be Played With Bitsolara
    Bitsolara is not just another airdrop bot — it’s a next-generation, gamified earning platform created for the modern Web3 investor. With a strong team, an active community, and real product delivery, Bitsolara is on track to become one of the standout GameFi projects of the year.

    Now is the perfect time to jump in and secure your position before the major listing event.

    Public Sale & Official Links
    The Bitsolara token sale is live through the official platform and selected partners. To join early and become part of one of the most promising Web3 communities, use the links below:

    Website
    Pitch Deck
    Twitter(x)
    Telegram Chat
    Telegram Ann
    App
    Media Kit

    Contact:
    Barnaby
    marketing@bitsolara.com

    Disclaimer: This content is provided by Bitsolara. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18f2a0dc-9f1c-44ab-93d2-7d2b8950df63

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Presidio Named AWS Generative AI Innovation Alliance Partner

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Presidio, a leading technology services and solutions provider, today announced it has been selected as a Partner Innovation Alliance (PIA) partner within the AWS Generative AI Innovation Center (GenAIIC). This recognition underscores Presidio’s commitment to advancing artificial intelligence (AI) innovation and its deep collaboration with Amazon Web Services (AWS) to deliver transformative solutions for clients.

    The GenAIIC connects customers with AWS AI/ML scientists and strategy experts, to help envision, identify, and develop generative AI solutions. Since its inception, the GenAIIC has helped thousands of organizations achieve success with generative AI. The AWS GenAIIC PIA designation is awarded to select partners who demonstrate exceptional capabilities in applying generative AI to solve complex business challenges and deliver both proof-of-concept and production ready implementations.

    “Presidio’s inclusion in this elite group reflects our pioneering work to push the boundaries of what’s possible with AI,” said Chris Cagnazzi, Chief Innovation Officer at Presidio. “Our collaboration with AWS has enabled us to rapidly prototype, scale, and deliver innovative generative AI solutions that are closely aligned with our clients’ strategic goals. We’re honored to join the GenAIIC Partner Innovation Alliance and excited to continue shaping the future of AI together.”

    By combining domain expertise, agile methodologies, and AWS’s powerful AI/ML services, Presidio empowers organizations to unlock new efficiencies, enhance decision-making, and create differentiated customer experiences.

    As a GenAIIC PIA partner, Presidio will continue working closely with AWS to co-develop industry-specific solutions, share best practices, and accelerate AI adoption across the enterprise landscape. For more information about Presidio’s AI capabilities and partnership with AWS, visit https://www.presidio.com/partners/aws.

    About Presidio

    At Presidio, speed and quality meet technology and innovation. Presidio is a trusted ally for organizations across industries with a decades-long history of building traditional IT foundations and deep expertise in AI and automation, security, networking, digital transformation, and cloud computing. Presidio fills gaps, removes hurdles, optimizes costs, and reduces risk. Presidio’s expert technical team develops custom applications, provides managed services, enables actionable data insights, and builds forward-thinking solutions that drive strategic outcomes for clients globally. For more information, visit www.presidio.com.

    Contacts:
    Press: PR@Presidio.com
    Investor Relations: Investors@presidio.com

    The MIL Network –

    July 9, 2025

  • MIL-OSI: LECTRA: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at June 30th, 2025)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at June 30th, 2025)

    This declaration is established in accordance with Article L.233-8 II of the French Code de Commerce and of Article 223-11 of the Règlement Général of the Autorité des marchés financiers (AMF).

    Date:

    June 30th, 2025

    Total number of shares composing the capital:

    38,037,750

    Total number of voting rights, gross (1):

    38,037,750

    Total number of voting rights, net (2):

    38,005,573

    (1) In accordance with the second paragraph of article 223-11 of the Règlement Général of the AMF, the gross total of voting rights is based on the total number of shares composing the company’s capital which have voting rights, including shares deprived of their voting rights

    (2) The net total of voting rights is equal to the gross total, minus the number of shares deprived of their voting rights (treasury shares)

    Other than the legal notification requirements for crossing the thresholds established by French law, there is no special statutory obligation.

    Attachment

    • Monthly_declaration_shares_votingrights_june 2025

    The MIL Network –

    July 9, 2025

  • MIL-OSI: LECTRA: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at June 30th, 2025)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at June 30th, 2025)

    This declaration is established in accordance with Article L.233-8 II of the French Code de Commerce and of Article 223-11 of the Règlement Général of the Autorité des marchés financiers (AMF).

    Date:

    June 30th, 2025

    Total number of shares composing the capital:

    38,037,750

    Total number of voting rights, gross (1):

    38,037,750

    Total number of voting rights, net (2):

    38,005,573

    (1) In accordance with the second paragraph of article 223-11 of the Règlement Général of the AMF, the gross total of voting rights is based on the total number of shares composing the company’s capital which have voting rights, including shares deprived of their voting rights

    (2) The net total of voting rights is equal to the gross total, minus the number of shares deprived of their voting rights (treasury shares)

    Other than the legal notification requirements for crossing the thresholds established by French law, there is no special statutory obligation.

    Attachment

    • Monthly_declaration_shares_votingrights_june 2025

    The MIL Network –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI Analysis: Alcohol sales changed subtly after Canada legalized cannabis

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization? (Unsplash+)

    Before Canada legalized recreational cannabis in October 2018, it was unclear how the change might affect beverage alcohol consumption. Would consumers drink less or more after cannabis became legal?

    Drinking might decrease, for example, if people used cannabis in place of alcohol. That switch potentially could reduce alcohol-related harms. But economically, it would mean any gains in the cannabis industry would likely come at the expense of alcohol producers.

    Conversely, drinking might increase if people used alcohol along with cannabis. That could boost alcohol industry profits and government tax revenues, but at the cost of increased health risks of both substances.

    In response to this uncertainty, some businesses diversified. One alcohol producer bought a cannabis grower, while a cannabis firm took took over several beer brewers.

    Research from the United States into the relationship between alcohol and cannabis use is inconclusive. Some studies report that alcohol use decreased in states that allowed cannabis, while others said usage increased or didn’t significantly change. Those conflicting conclusions might reflect the complex legal situation in the United States, where cannabis remains illegal under federal law, even in states that allow its use.

    In Canada, some studies indicate alcohol consumption declined slightly as medical cannabis use became more common. Did similar decreases follow recreational legalization?

    To investigate this question, I first collaborated with health science researchers Daniel Myran, Robert Talarico, Jennifer Xiao and Rachael MacDonald-Spracklin to study Canada’s overall alcohol sales.

    Total sales looked stable

    We started our research by examining annual alcohol sales from 2004 to 2022. During that period, beer sales gradually fell, while the sale of coolers and other drinks steadily rose. That left total sales basically unchanged.

    So consumers were apparently switching from beer to other beverages. But there were no obvious effects from 2018’s cannabis legalization.

    Annual Canadian beverage alcohol sales from 2004 to 2022, in litres of ethanol content per capita. The vertical gray bar marks cannabis legalization.
    (Statistics Canada), CC BY-ND

    We also compared monthly sales during the 12 months before legalization versus the 12 after. This included national average sales by liquor retailers and beer producers. In both cases, sales trends showed no significant changes in October 2018.

    However, this research on Canada-wide sales was mainly designed to detect large changes. To find subtler ones, I focused on the province of Nova Scotia.

    Some liquor stores sold cannabis

    When Canada legalized cannabis, most provinces banned liquor stores from selling it to avoid tempting alcohol drinkers into trying cannabis.

    Nova Scotia did the opposite. Its government-owned liquor corporation became the main cannabis retailer. After legalization in October 2018, most provincial liquor stores kept selling only alcohol, but some began selling cannabis as well.

    This unique situation prompted me to study the province’s sales. I focused on the 17 months before and 17 months after legalization.

    The corporation’s total alcohol sales initially fell in October 2018, then slowly regrew. As a result, monthly sales after legalization averaged about $500,000 below their earlier levels.

    More interestingly, the changes differed between the cannabis-selling stores and the alcohol-only ones. At the alcohol-only stores, sales immediately fell. They averaged $800,000 below previous levels.

    But at cannabis-sellers, alcohol sales began growing. Total monthly sales from October 2018 to February 2020 averaged $300,000 above earlier levels.

    Seasonally adjusted Nova Scotia Liquor Corporation retail sales of beverage alcohol in Canadian dollars, from May 2017 to February 2020. The vertical gray bar marks cannabis legalization.
    (Nova Scotia Liquor Corporation), CC BY-ND

    The divergence in sales was larger for beers than for spirits or wines.

    Interestingly, alcohol-only stores located near cannabis-selling stores had changes similar to those located farther away, suggesting that cannabis-seller proximity didn’t matter.

    Switching substances or stores?

    My data can’t say why the sales split occurred, but I can speculate.

    Consider the immediate sales drop at alcohol-only stores — this could suggest some consumers switched from alcohol to cannabis right after legalization.

    Meanwhile, the lack of a drop at cannabis sellers might mean some consumers simply changed where they shopped. Instead of visiting their local alcohol-only retailer, they went to cannabis sellers to shop for alcohol and cannabis together.

    The cannabis sellers’ ongoing growth might reflect people increasingly buying cannabis from licensed stores instead of illegal dealers. They went to those stores to buy weed, but picked up some extra booze while they were there.

    Looking ahead

    My research so far has focused on the initial post-legalization period, from October 2018 to February 2020.

    I plan to study later periods next, when cannabis retailing was more widespread and perhaps more influential.

    That will be more challenging, however, because COVID-19 arrived in March 2020. The pandemic disrupted sales of alcohol, though not of cannabis. It will be tricky to separate cannabis effects from pandemic ones, or from Canadian consumers’ evolving drinking habits in general.

    My guess is that cannabis legalization had little short-term impact on existing drinkers overall. Most Canadians didn’t suddenly consume cannabis with their cabernet or replace vodka with vapes.

    Instead, we might see gradual long-term shifts. Young Canadians now reach legal age in a context where cannabis and alcohol are both allowed. Some folks who previously would have started drinking alcohol might now choose cannabis instead, or in addition.

    For now, alcohol drinking is still three times more common than cannabis use. Whether that continues, only time will tell.

    Michael J. Armstrong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alcohol sales changed subtly after Canada legalized cannabis – https://theconversation.com/alcohol-sales-changed-subtly-after-canada-legalized-cannabis-260375

    MIL OSI Analysis –

    July 9, 2025

  • MIL-OSI USA: $3M Awarded to Integrate EV Into the Grid

    Source: US State of New York

    overnor Kathy Hochul today announced $3 million has been awarded to three projects to advance technologies that can help integrate electric vehicles efficiently into the electric grid. The Governor has also made available $4 million to advance technologies that overcome data collection, transmission and operational challenges faced by utilities to manage electric vehicle (EV) charging. Together, these solutions will help to enhance grid flexibility, shift charging to accommodate energy demand, and lower charging costs for consumers.

    “New York is leading the way in building a smarter, more sustainable energy future,” Governor Hochul said. “By investing in innovative technologies that support EV charging and integration with the grid, we are strengthening our clean energy infrastructure to meet the demands of tomorrow. We are also improving grid resiliency while making it easier and more affordable for New Yorkers to drive electric.”

    The $3 million has been awarded to three projects through the Vehicle Grid Integration Program, administered by the New York State Energy Research and Development Authority (NYSERDA), which provides funding for projects that are scalable and advance electric vehicle charging infrastructure through product development, technology demonstrations, or new business models. Technologies include bi-directional charging, energy storage, on-site energy generation, and EV managed charging.

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “Investing in vehicle to grid integration is a game changer for utilities and consumers when it comes to balancing demand on the electric grid and these awarded companies have put forward innovative solutions to improve the way we achieve that balance. Advancing technologies that can shift when electric vehicle charging happens will open the door for future cost reductions, more renewable energy resources like wind and solar, increased grid flexibility and fewer infrastructure upgrades.”

    The awarded projects include:

    • Charging Platform Lamppost Conduit Interconnection: Voltpost was awarded $775,000 to develop lamppost EV charging in the New York City area, Capital Region, and Hudson Valley focusing on UL certification, retrofits, and plans to deploy at least ten additional Level 2 charging stations in New York State.
    • Demonstrating Statewide Implementations of Flexible Interconnections for Fleets: The Mobility House was awarded $867,000 to show how utility distribution capacity can be maximized with flexible interconnections to support electric school bus charging at a depot in Staten Island and a second location yet to be determined in New York State to pilot a method for fast charger deployment that decouples charger construction from electric grid development timelines.
    • Distribution-Optimized EV Managed Charging to Enhance Grid Flexibility: Weave Grid, Inc. was awarded nearly $1 million to control when EV managed charging will occur in the Orange and Rockland Utilities service area by using software and topology data to coordinate schedules and balance the energy load.

    Managed EV Funding
    Also announced today is $4 million in new funding for a competitive solicitation offered through NYSERDA’s Electric Vehicle Managed Charging program. Proposals are sought from researchers, developers and consultants, who individually or as a team, will develop or demonstrate technologies that can solve the data collection, data transmission and operational challenges faced by utilities when integrating electric vehicles, regardless of supplier, with the electric grid. Proposals must include behind-the-meter EV integrated solutions including the transfer of bi-directional data and utility control over charging, or both to study how these solutions can alleviate demand on the electric grid.

    The focus of this solicitation was identified by NYSERDA working with Avangrid, parent company of Rochester Gas & Electric (RG&E) and New York State Electric & Gas (NYSEG), to provide data that will help inform future utility rate and program planning for EV managed charging.

    Proposals are due on September 16, 2025, by 3:00 p.m. ET. For more information on this funding opportunity please visit NYSERDA’s website.

    For more than fifty years, NYSERDA has been a trusted and objective resource for New Yorkers, taking on the critical role of energy planning and policy analysis, along with making investments that drive New York toward a more sustainable future. Today’s announcement builds on the success of NYSERDA’s Grid Modernization program, which since 2016 has awarded approximately $65 million to over 110 grid technology companies and research organizations for projects that improve low-cost high-accuracy grid sensors, modeling and simulation tools, and advanced engineering solutions. New York State’s investments in research, development, and commercialization support innovators accelerating the clean energy transition. NYSERDA’s Innovation and Research program is deploying approximately $1.2 billion over 15 years as direct research investments and commercialization support. To date, more than $800 million in investments have supported more than 700 companies and made nearly 300 products commercially available to individuals, businesses, and utilities.

    In addition, New York State is investing nearly $3 billion in electrifying its transportation sector and rapidly advancing measures that all new passenger cars and trucks sold, are zero emissions, along with all school buses being zero emissions the same year. There are a range of initiatives to grow access to EVs and improve clean transit for all New Yorkers including the Drive Clean Rebate, EV Make Ready, EVolve NY, the New York Truck Voucher Incentive Program (NYTVIP), the New York School Bus Incentive Program, and the Direct Current Fast Charger Program.

    Funding for this initiative is through the Clean Energy Fund (CEF).

    New York State’s Climate Agenda
    New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.

    MIL OSI USA News –

    July 9, 2025

  • MIL-OSI United Kingdom: Minister Peacock speech at the Giving and Impact Summit

    Source: United Kingdom – Executive Government & Departments

    Speech

    Minister Peacock speech at the Giving and Impact Summit

    Minister Peacock delivered a speech at the Giving and Impact Summit held at the London Stock Exchange.

    Good morning everyone. Thank you for that kind introduction.  It is great to be here with you this morning at the Giving and Impact summit. Thank you to Integra for organising this forum, to the London Stock Exchange for hosting us, and to everyone here today. Your presence here demonstrates your shared interest and belief in the power of philanthropy and impact investment to achieve social good. This Government shares this passion and recognises the vital role the Impact Economy can play in helping to drive stronger economic growth across the country, alongside our ambitious Plan for Change.  I intend to set out briefly today how we can work in partnership to achieve this. 

    A remarkable 15 billion pounds was donated to charities last year; of course we can go further.  I have seen this first hand in my own constituency of Barnsley South, quite a deprived area. Whether that be Barnsley Hospice that raises £3.6 million per year and relies on donations to care for people and their families at the most difficult time of their lives or Barnsley Youth Choir which receives donations of over £300,000 annually, they focus on advancing musical education for young people in Barnsley and surrounding areas, and in their short existence have become one of the world’s leading youth choirs.

    Charitable giving and philanthropic investment builds on the British spirit of generosity that was outlined in the intro. Extending to our impact investment market, which has grown significantly over the past decade and leads the way in Europe. This growing market is worth over 76 billion pounds, demonstrates people’s strong desire for a connection between their investments and tangible social impact.  Now as the Minister responsible for philanthropy and the Impact Economy, I have seen first-hand the remarkable work being done in this area and the vast potential for increasing funds invested in public good. It was a real pleasure and a real eye opener to visit Made-in-Stoke last year for Giving Tuesday, an initiative focused on building a community of individuals eager to give back to Stoke. 

    That brings me onto government, and the important role we play in creating an ecosystem that stimulates increased investment and delivers for communities up and down the country. The most pressing social and environmental challenges facing the nation require us to work together, with different forms of capital, to achieve lasting change. We want to work more closely with all of you here today, to tackle these challenges and boost inclusive  growth. That is why we established the Social Impact Investment Advisory Group earlier this year. Both myself and the Chief Secretary to the Treasury were really pleased to attend its first meeting. This group of experts brings together individuals from across the impact investment, philanthropy and civil society sectors, and will provide recommendations later this year on how the government can effectively mobilise more social impact capital. The group has also been advising on the Social Impact Investment Vehicle announced at the Autumn Budget, to support delivery of the Government’s top priorities and to tackle those complex social problems. The advisory group is the first step in our commitment to establishing a stronger, and more ambitious, partnership with Impact Economy. We will continue to build on this, as our recently published Industrial Strategy demonstrates. This sets out our clear intention to deepen collaboration with the Impact Economy to deliver inclusive and sustainable growth, and in particular partner with the philanthropy sector. 

    I have heard from many of you that more can be done to grow philanthropic investment in this country. That is why, earlier this year, I outlined my three priorities to support this: 

    Firstly, the Government wants to connect philanthropic investment with the places that need it most – through place-based philanthropy. The Secretary of State has committed to the development of a place-based philanthropy strategy. This will set out a vision for how we can harness philanthropy to drive economic growth and regenerate  our communities. 

    Second,  we want to unlock extra philanthropic investment by making it as easy as possible for philanthropists to give more, and for would-be philanthropists to give for the first time.

    And finally, we want to partner with civil society, communities, donors and businesses to celebrate a culture of giving. 

    Let me end today by saying that this Government acknowledges the immense contribution social investors, philanthropists, and businesses make, and we want to see this go further.  Thank you all once again for inviting me to join you today, and I hope the rest of the summit is a success.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

    July 9, 2025

  • MIL-OSI Russia: SPbU Enters Top 5 Russian Universities According to Forbes Education | Saint Petersburg State University

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University –

    An important disclaimer is at the bottom of this article.

    In 2025, the ranking included 564 universities with Russian accreditation, entitled to issue state diplomas. Universities were assessed based on five key indicators: quality of networking, global reputation, authority among employers, development of the academic environment, and the Forbes factor. The calculations used data from monitoring the activities of higher education institutions by the Ministry of Education and Science of Russia in 2024 and the results of a survey of Russian companies with the highest ESG indicators.

    The full Forbes rating “Best Russian Universities – 2025” is available here Here.

    With a score of 61.49 points, Saint Petersburg State University took fifth place in the ranking, ahead of such universities as the National Research Nuclear University MEPhI, the National Research University ITMO, the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation, the Financial University under the Government of the Russian Federation and others.

    The authors awarded St Petersburg University 19.85 points in the Networking category, while employers rated the level of trust in the quality of specialist training at 20.77 points. The University scored another 8.63 points in the International Recognition metric due to its regular inclusion in global and subject rankings. According to the authors of the rating, the quality of the academic environment formed at St Petersburg University deserves 8.24 points out of 10 possible. In the Forbes Factor category, which takes into account the number of university graduates on the list of Russian billionaires in 2025, St Petersburg University scored 4 out of 5 points.

    The top lines of the ranking are occupied by universities with the largest endowments, which include the endowment management fund “Development of St. Petersburg State University”. In 2024, the value of its net assets increased to 1.6 billion rubles. Thanks to contributions from donors, the fund supports students and postgraduates who have achieved particular success in their academic and research activities. Endowment fund scholarships are paid to university athletes, and large grants are provided to teams that win the annual competition of interdisciplinary innovative projects “Start-up St. Petersburg State University”. Funding is allocated for events in the fields of culture, science and education. A full list of programs is presented on the website of the St. Petersburg State University Endowment Fund.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 9, 2025

  • MIL-OSI Russia: Exclusive: Moscow pays special attention to cooperation with China – Deputy Mayor of Moscow M. Liksutov

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Moscow, July 8 /Xinhua/ — Moscow pays special attention to cooperation with China in all areas, Deputy Mayor of Moscow, head of the Moscow Department of Transport and Development of Road Transport Infrastructure Maxim Liksutov said in an interview with Xinhua the other day.

    “China is one of Russia’s key strategic partners, so Moscow pays special attention to cooperation with China in all areas,” he emphasized.

    As M. Liksutov noted, the Russian capital and China are cooperating in the development of transport. Moscow authorities are closely studying the Chinese experience in creating high-speed highways within the country. The experience of developing subways in Chinese cities is also important for Moscow. “In addition, we are inspired by the incredible scale of development of ground-based urban electric transport in the PRC,” the capital official said, adding that the city of Shenzhen (Guangdong Province, South China) serves as an example for Moscow, where since 2017 only electric buses have been used in urban transport.

    According to the Deputy Mayor of Moscow, an important area of cooperation with China is the development of intelligent transport systems, including unmanned technologies. Thus, in 2023, Beijing became one of Moscow’s first international partners within the framework of the UrbanTransportData analytical platform, designed to collect, analyze, visualize and publish transport indicators.

    M. Liksutov reported on regular contacts between representatives of the Moscow transport complex and colleagues from the largest cities of China. In June last year, during the visit of Moscow Mayor Sergei Sobyanin to Beijing, an agreement was reached to create a joint working group on transport, which has already held two meetings.

    In addition to transport, as the Xinhua source noted, Moscow actively cooperates with China in the sphere of trade. M. Liksutov cited data according to which the Russian capital accounts for more than 42 percent of the structure of the all-Russian trade turnover with China. The greatest demand is for industrial goods: radio navigation equipment, pumping equipment, electric motors and generators, carbon fibers and much more. “In addition, the residents of China highly value food products produced in Moscow. For example, bread, confectionery, cookies, ice cream, carbonated drinks and wheat flour,” the vice-mayor added.

    He said that the Mosprom center has been operating to support export-oriented capital companies since 2019. The center’s specialists analyze target markets for manufacturers to determine the most effective strategy for entering them, help with finding foreign counterparties, conducting negotiations with potential buyers abroad, and also organize the participation of Moscow companies in international exhibitions and business missions.

    M. Liksutov invited Chinese companies to the Russian capital. “We are interested in the work of Chinese companies in Moscow, especially in the areas of microelectronics, electric transport, robotics, pharmaceuticals, space research, unmanned transport and telecommunications. The partnership may concern both the establishment of trade and economic cooperation, and the localization of production or the development of investment projects,” he explained, assuring that the Moscow authorities will provide the necessary support measures to Chinese partners. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 9, 2025

  • MIL-OSI: Most US employers not budging on budgets, salary increases remain flat

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Average salary increase budgets for US companies in 2026 are expected to remain stable at 3.5%, matching 2025’s actual increases. This is according to the latest Salary Budget Planning Report by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.

    Three out of five organizations saw their salary budgets change in the last pay cycle. More than half (53%) of these organizations reported no change between their anticipated and actual pay budgets in 2025. For the nearly one-third (31%) of these organizations that are projecting lower salary increase budgets than last year, the most common reasons cited are an anticipated recession or weaker financial results (51%) and concerns related to cost management (45%). Tight labor markets (59%) and inflationary pressures (30%) are the most commonly cited reasons for change among the relatively few organizations that are projecting higher salary increase budgets.

    “While top-line budgets are generally holding steady, the real shift is happening beneath the surface. Organizations are being more deliberate about how they allocate pay, where they focus investment and what outcomes they expect to drive. Employers are no longer simply reacting to economic signals; they’re reimagining how to best support broader business goals despite uncertainty,” said Brittany Innes, director, Rewards Data Intelligence.

    Despite stable pay increases, employees are staying put. Fewer organizations this year have found employee stability challenging compared to the past two years. Less than one-third of organizations (30%) report difficulty attracting or retaining employees, representing a decrease of 11 percentage points since 2023.

    In response to market conditions in which turnover is relatively low and burnout and disengagement remains a concern, organizations have taken a number of actions to support their workforce, including improving the employee experience (47%), enhancing health and wellness benefits (43%) and increasing training opportunities (40%).

    Additionally, employers are adjusting compensation programs to address the competitive labor market and inflationary pressures. These actions have included conducting a compensation review of all employees (50%), performing a compensation review of specific employee groups (48%), hiring people higher in relevant salary ranges (45%) and raising starting salary ranges (40%). Over two-fifths of organizations (43%) have enhanced their use of retention bonuses or spot awards and 37% have targeted base salary increases for specific employee groups.

    As organizations focus on these efforts, they continue to wrestle with higher annual payroll expenses. The average annual payroll expense increased by nearly 4% (3.6%), and 7 in 10 organizations report total annual payroll expenses higher than last year.

    “As employers navigate continued economic uncertainty, ongoing increases in labor costs and the changing needs and expectations of employees, they are positioning themselves for what is to come and making investments in their workforces that go beyond pay raises. These include career development, wellbeing, flexibility and equity—because these are critical for performance, retention and resilience in a shifting market,” said Lori Wisper, managing director, Work & Rewards.

    About the survey

    The Salary Budget Planning Report is compiled by WTW’s Rewards Data Intelligence practice. The survey was conducted from April to June of 2025. Approximately 29,128 responses were received from companies across 157 countries worldwide. In the U.S., 1,569 organizations responded.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media contacts:

    Ileana Feoli
    ileana.feoli@wtwco.com

    Stacy Bronstein
    sbronstein@meritcomms.com

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Earn Crypto from Your Pocket: PFMCrypto Launches New Mobile Cloud Mining App

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 08, 2025 (GLOBE NEWSWIRE) — Amid growing interest in alternative methods for digital wealth creation, PFMCrypto proudly announces the official launch of its mobile cloud mining app, now available on iOS and Android. Built for accessibility, speed, and security, the app lets users participate in crypto mining directly from their smartphones—no rigs or technical expertise required. With support for BTC, DOGE, ETH, and XRP settlements, the app offers multiple paths to passive income through a clean, user-friendly interface. New users receive a $10 sign-up bonus, making it easier than ever to start mining from anywhere in the world.

    Download the new PFMCrypto App today at: https://pfmcrypto.net 

    Cloud Mining, Now in Your Pocket
    Crypto mining has long been limited to expensive hardware setups and complex software. PFMCrypto is redefining that experience with its mobile-first cloud mining platform. Users can activate contracts, track daily earnings, and withdraw in BTC, DOGE, ETH, or XRP—entirely from their phone. Whether commuting, relaxing, or traveling, the opportunity to earn digital rewards is now just a tap away.

    By combining real-time mining with flexible withdrawal options, the app is ideal for both casual users and serious investors. All mining contracts are fully remote, AI-optimized, and protected with enterprise-grade encryption—ensuring both peace of mind and consistent earning potential.

    Key Features of PFMCrypto’s Mobile Cloud Mining App:
    –  Multi-Token Settlements: Withdraw earnings in BTC, DOGE, ETH, or XRP—choose the asset that suits your financial goals.
    –  User-Friendly Interface: Designed for seamless mining management on any mobile device.
    –  Instant Contract Activation: Start earning immediately—no hardware needed.
    –  Real-Time Tracking: Monitor contract status, returns, and market performance in a single dashboard.
    –  AI Optimization: Proprietary algorithms enhance mining efficiency, even during periods of low market volatility.

    Mining Contracts Tailored for Every Lifestyle
    The PFMCrypto app offers a wide range of cloud mining contracts designed for different investment levels and durations. From short 1-day plans to 45-day strategies, users can select contracts that match their goals and risk preferences:
    $10 Contract – 1 Day – Earn $0.66 daily (Free with sign-up bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 extra reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    All contracts include daily payouts, optional reinvestment, and zero maintenance fees. The $10 bonus allows new users to begin earning instantly with no upfront investment.

    Click here to explore more contract options.

    What Sets PFMCrypto’s Mobile Mining App Apart?
    –  100% Remote Mining:
    All contracts run entirely on the cloud—no physical infrastructure, no technical setup. Simply log in, choose a plan, and start earning from anywhere.
    –  Principal Guarantee:
    At the end of each contract, the original investment is returned in full—protecting your capital while maximizing daily earnings.
    –  AI-Enhanced Performance:
    The platform utilizes proprietary AI to monitor market trends and optimize mining output across supported tokens.
    –  Diversified Passive Income:
    With the option to receive earnings in 10 major cryptocurrencies, users can diversify their income and better manage risk.

    Getting Started with PFMCrypto’s Mobile App
    1.  Create an Account – Receive a $10 bonus instantly and unlock beginner-friendly contracts.
    2.  Choose a Plan – Select a short- or long-term mining contract with daily payouts.
    3.  Start Earning – Watch your crypto earnings grow and withdraw in your preferred token.

    Download the app or sign in at: https://pfmcrypto.net 

    Mining Freedom for a Multi-Coin Future
    Since 2018, PFMCrypto has helped users worldwide generate steady crypto income without technical barriers. With this mobile app launch, the company takes another step toward democratizing access, making mining smarter, more flexible, and more rewarding.

    “With multi-coin support and true mobile freedom, this app delivers the future of mining directly into users’ hands,” said a PFMCrypto spokesperson. “We’ve combined performance, simplicity, and choice—so anyone can earn from the crypto economy, anytime.”

    Digital markets may fluctuate, but passive income doesn’t have to. Download the PFMCrypto app today and start mining BTC, DOGE, ETH, or XRP with zero hassle.

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Blockmate Ventures to Present at the AI & Technology Virtual Investor Conference July 10th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 08, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures (OTCQB: MATEF | TSXV: MATE), based in Toronto, focused on venture building scalable Blockchain businesses, today announced that Domenic Carosa, Founder & Chairman, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 10th, 2025.

    DATE: July 10th
    TIME: 3:00 PM ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 10th and July 15th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • HVLO token sale and listing backed by Animoca Brands     
    • Hivello backed by group of strategic blockchain investors in December 2024, led by Tony G
    • HVLO value growth drivers through airdrop rewards, Buy & Burn initiative and fiat pairings
    • Blockmate Mining launched as a new subsidiary at a low-cost facility in Wyoming with capacity for 200 BTC production per month and integrated mine-and-hold strategy     
    • The Wyoming site offers an electricity cost of just 3.3 cents per kilowatt-hour, among the most competitive rates in North America

    About Blockmate

    Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company’s portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.      

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Blockmate Ventures
    Domenic Carosa
    Founder & Chairman
    +61 411 196 979
    dom@blockmate.com 

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com 

    The MIL Network –

    July 9, 2025

  • MIL-OSI: Northfield Capital Completes Strategic Aviation Expansion With Acquisition of Second Pilatus PC-12; Updates Aircraft Loan Agreement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 08, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Corporation”), a proudly Canadian-owned investment company, is pleased to announce the completion of its aviation fleet expansion strategy through the acquisition of a second Pilatus PC-12 NG aircraft. The transaction was completed through Northfield’s wholly-owned subsidiary, Spruce Goose Aviation Inc. (“Spruce Goose”) and complements earlier purchases of two high-performance helicopters. The transaction finalizes the Corporation’s multi-aircraft buildout designed to support growth at its commercial operating subsidiary, True North Airways Inc. (“True North” or “TNA”). The purchase was funded through an amendment to the Aircraft Loan Agreement (as defined below), increasing total available proceeds to US$5.795 million.

    This aircraft marks True North’s second PC-12 in its active fleet following the addition of two helicopters earlier this year, acquired to address rising demand for charter flight hours and mission-specific services throughout Canada, the U.S., and Central America. The aircraft is a modern, low-time, high-utility platform that enhances TNA’s operational scale and geographic reach.

    “This completes the staged rollout of our aviation growth strategy, said Robert D. Cudney, Chief Executive Officer of Northfield. “With three helicopters, two Pilatus PC-12s, a light jet (Cessna Citation) and mid-size jet (Gulfstream G100) now under management, we have assembled a fleet that is optimized for charter demand, infrastructure logistics, government contracts, and exploration support across North and Central America. We now move from capital deployment to cash flow generation.”

    Iain Hayden, CEO of True North Airways, added: “Adding a second PC-12 gives us meaningful lift to meet charter demand, with operational flexibility and reliability. This second PC-12 brings our fixed-wing charter capabilities to another level. Its short-field performance, payload capacity, and operating economics make it the perfect aircraft to serve our growing client base across remote and urban markets. As demand continues to rise, we’re proud to offer our clients the versatility and reliability they’ve come to expect from TNA. Combined with our helicopter assets, we can now offer a fully integrated aviation solution to our clients — whether they’re in executive travel, energy, remote logistics, or public service. The strategy is complete, and we’re excited to fly.”

    Strategic Fleet Expansion Completed

    Northfield’s aviation initiative was designed to scale True North Airways’ commercial capacity in response to growing demand for:

    • Executive and private charters
    • Aerial firefighting and medical support
    • Resource exploration and infrastructure logistics
    • Government and community contracts

    In March 2025, Spruce Goose acquired two helicopters — a 1999 Eurocopter AS350-B3 and a 1980 Bell 206B3 Jet Ranger — to anchor rotary-wing operations in Ontario and El Salvador. The July 2025 purchase of a 2014 Pilatus PC-12 NG adds long-range, fixed-wing capability and completes the planned fleet expansion.

    The Eurocopter AS350-B3 Helicopter and the Pilatus PC-12 were financed under a single amended aviation loan facility totaling US$5.795 million (see below), with assets fully secured and revenue-generating, and the Jet Ranger was financed with cash on hand.

    New: 2014 Pilatus PC-12 NG Acquisition

    The most recent acquisition — a 2014 Pilatus PC-12 NG — is a low-hour, executive-class turboprop offering exceptional range, payload, and short-field performance. This is True North’s second PC-12, providing scale and scheduling flexibility to meet increasing charter demand in Canada, the U.S., and the Caribbean. The aircraft supports executive charter, air ambulance, infrastructure access, and remote cargo needs — all with exceptionally low operating costs and high dispatch reliability.

    Figure 1: 2014 Pilatus PC-12 NG

    Key specifications of the Pilatus PC-12 NG:

    • Engine: Pratt & Whitney PT6A-67P
    • Cruise Speed: 260 knots (481 km/h)
    • Range: 1,803 NM (3,340 km)
    • Service Ceiling: 30,000 ft
    • Payload: ~2,236 lbs
    • Cabin: Executive 6-seat layout
    • Features: 5-blade MT propeller, TAWS-A, Honeywell Primus Apex avionics, weather radar, large cargo door, upgraded NiCad batteries
     

    Helicopter Fleet Acquired March 2025

    As part of the broader strategy, Northfield previously acquired the following helicopters through Spruce Goose: a 1999 Eurocopter AS350-B3 (or “AS350-B3”) and 1980 Bell 206B-3 Jet Ranger (or “Jet Ranger”), which will expand TNA’s capabilities in firefighting, resource exploration, executive and cargo charters, and government contract services across Canada and El Salvador.

    Enhancing Aerial Capabilities with the AS350-B3

    In March 2025, an AS350-B3 helicopter—renowned for its high-altitude performance, robust single-engine power, and exceptional lifting capability—was acquired to enhance aerial operations. This versatile aircraft has since become an integral asset for demanding missions such as firefighting, air ambulance support, resource sector logistics, infrastructure and government services, as well as private and corporate charters. With its addition earlier this year, the range and effectiveness of aerial operations have notably expanded, supporting an even broader array of government and commercial contracts in Canada.

    Figure 2: 1999 Eurocopter AS350-B3

    Key specifications of the AS350-B3:

    • Engine: Turbomeca Arriel 2B1
    • Cruise Speed: 122 knots (226 km/h)
    • Range: 340 nautical miles (630 km)
    • Useful Load: 2,557 lbs (1,160 kg)
    • External Load Capacity: 3,500 lbs (1,587 kg)
    • Seating Capacity: Pilot + 5 passengers

    Jet Ranger: Supporting Expansion in El Salvador

    In addition to the AS350-B3, a Jet Ranger was also acquired, a proven workhorse in the aviation industry. This helicopter will be deployed in El Salvador under TNA South S.A. de C.V. (a wholly-owned subsidiary of TNA), where it will service resource development, cargo and logistics transportation, infrastructure projects, executive-tourism charters and high-end travel, all which aligns with the country’s current pro-business stance. Its lightweight design and fuel efficiency make it ideal for cost-effective aerial operations, which we forecast will assist with long-term profitability for True North Airways.

    Figure 3: 1980 Bell 206B-3 Jet Ranger

    Key specifications of the Jet Ranger:

    • Engine: Rolls-Royce 250-C20B
    • Cruise Speed: 115 knots (213 km/h)
    • Range: 374 nautical miles (693 km)
    • Useful Load: 1,400 lbs (635 kg)
    • Seating Capacity: Pilot + 4 passengers

    Aircraft Loan Agreement

    The Corporation and certain of its subsidiaries have entered into an amending agreement dated July 7, 2025 (the “Amending Agreement”), to increase the principal amount of the previously obtained Aircraft Loan (as defined below), from US$5.195 million to US$5.795 million, in order to finance the purchase of a PC-12 NG Aircraft. Northfield and certain of its subsidiaries will continue to guarantee the obligations under the Aircraft Loan Agreement, as amended by the Amending Agreement, and Echo Capital Fund I Inc. (the “Lender”), an arm’s length private lender in the aviation space, will also take security against the new aircraft being purchased with the remaining proceeds from the loan.

    On March 14, 2025, Northfield along with certain of its subsidiaries entered into an aircraft loan agreement (the “Aircraft Loan Agreement”) with the Lender to finance the purchase of certain aircraft by Spruce Goose. The original Aircraft Loan Agreement provided for a loan (the “Aircraft Loan”) to Spruce Goose of up to US$5.195 million with a term of five years, with interest thereon based on a variable floating rate equal to the annual interest rate posted and announced by Laurentian Bank of Canada plus 300 basis points calculated and compounded monthly in arrears for the relevant period of the Aircraft Loan. The Aircraft Loan Agreement requires interest and principal to be paid monthly based on a ten-year amortization period, with any remaining balance due at the end of the five-year term of the Aircraft Loan. The Aircraft Loan can be repaid at the election of Spruce Goose following the first year of the term of the Aircraft Loan Agreement.

    At the time of the Aircraft Loan, the proceeds were used by the Corporation to purchase the AS350-B3.

    The Corporation and certain of its subsidiaries provided a guarantee in connection with the Aircraft Loan and the Lender also took security against certain aircrafts of Spruce Goose, including the AS350-B3 helicopter purchased with a portion of the proceeds from the Aircraft Loan. The Aircraft Loan Agreement contains other customary terms, covenants and representations and warranties for a transaction of such nature.

    About Northfield Capital Corporation

    Northfield Capital Corporation is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Robert D. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada. For more information, visit www.northfieldcapital.com.

    About True North Airways Inc.

    True North Airways Inc. is a leading Canadian aviation services provider specializing in executive charter services, resource and infrastructure support, emergency response, and tourism aviation solutions. With a growing fleet and operational bases in Ontario, Canada and El Salvador, TNA serves corporate executives, government contracts, resource exploration firms, and high-net-worth travelers and is committed to providing safe, efficient, and tailored aviation solutions across North and South America. Learn more at www.truenorthairways.ca.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

    Forward-Looking Information

    This news release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information is identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will,” “would,” and similar expressions, including references to assumptions. Such information may relate to, but is not limited to, aircraft deployment strategies, the demand for aircraft services, the repayment terms of the Aircraft Loan and future use of proceeds. Forward-looking information is based on current expectations, estimates, projections, and assumptions that involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, changes in consumer preferences, regulatory developments, economic conditions, including as a result of tariffs and other economic penalties, supply chain disruptions, competitive dynamics in the aviation industry, and external market factors impacting Northfield’s and its aviation business operations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially due to a variety of risks and uncertainties. Readers should not place undue reliance on forward-looking information. Northfield Capital Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required under applicable securities laws.

    Neither 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 press release.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/10cbaedd-8fd6-4821-b4dc-b8666300c576

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d25bea8a-9251-4d44-8bf2-648f0c689822

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3cae6ef-3889-427a-bcab-b564ecb31105

    The MIL Network –

    July 9, 2025
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