Lululemon sues Costco for selling alleged dupes of its products
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Lululemon Athletica Canada Inc. is accusing Costco Wholesale Corp. of infringing on its intellectual property by selling knockoffs of some of its most popular products.
A lawsuit filed in a California court recently alleges Costco sells dupes of Lululemon's Scuba hoodies and sweatshirts, Define jackets and ABC pants.
Some of the alleged fakes Vancouver-based Lululemon identified are sold under Costco's private label Kirkland, but others are made by manufacturers Danskin, Jockey and Spyder.
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Canada News.Net
41 minutes ago
- Canada News.Net
Major international drug cartel busted, 60.302 kg heroin recovered near International Border in Barmer
Amritsar (Punjab) [India], June 30 (ANI): Amritsar Commissionerate Police, with the support of Border Security Force (BSF) and Rajasthan Police, dismantled a major international drug cartel operated by Pakistan based smuggler and Canada based handler and recovered a huge consignment of heroin from near the International Border in Barmer, Rajasthan, Police official said on Monday. In a post on X, DGP Punjab police Gaurav Yadav shared, 'In a massive crackdown, #Amritsar Commissionerate Police, with the support of BSF and Rajasthan Police, dismantles a major international drug cartel operated by Pak-based smuggler Tanveer Shah and Canada based handler Joban Kaler and recovers a huge consignment of 60.302 Kg Heroin from near the International Border in Barmer, Rajasthan.' 'Nine key operatives and hawala operators arrested from across Punjab, Haryana, Rajasthan and Jammu and Kashmir. Punjab Police Ind remains resolute in its commitment to dismantle international drug syndicates and protect Punjab from narco-terror,' the post further shared. Earlier, Punjab Police, marking 120 days since Chief Minister Bhagwant Singh Mann launched the 'Yudh Nashian Virudh' campaign to eliminate the drug menace, arrested 114 drug smugglers and recovered 4.1 kg of heroin along with Rs 9.6 lakh in drug proceeds on Sunday. This brings the total number of smugglers apprehended under the initiative to 19,735. The operation, ordered by Director General of Police Gaurav Yadav, was carried out simultaneously across all 28 police districts of the state. Special DGP Law and Order Arpit Shukla reported that over 180 police teams--comprising more than 1,100 personnel and supervised by 85 gazetted officers--raided 367 locations, registered 77 first information reports (FIRs) and checked 399 suspicious persons during the day-long drive. Under the campaign's three-pronged Enforcement, De-addiction and Prevention (EDP) strategy, Punjab Police also convinced 54 individuals to enter de-addiction and rehabilitation programs. In a parallel effort, police inspected 332 pharmaceutical shops across six districts--Commissionerate Jalandhar, Hoshiarpur, SBS Nagar, Jalandhar Rural, Kapurthala and Rupnagar--to ensure compliance with regulations and prevent the sale of intoxicant or habit-forming drugs. (ANI)
Globe and Mail
an hour ago
- Globe and Mail
Toogood Gold Completes Qualifying Transaction
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Toogood Gold Corp. (TSXV: SMTH.P) (formerly named Smithe Resources Corp.) (the " Company") is pleased to announce that it has completed its previously announced acquisition (the " Transaction") of TGC Gold Corp. (" TGC"), which constitutes the "Qualifying Transaction" of the Company pursuant to TSX Venture Exchange (the " Exchange") Policy 2.4 - Capital Pool Companies. The Transaction Prior to completing the Transaction, the Company changed its name from "Smithe Resources Corp." to "Toogood Gold Corp.". The new CUSIP number of the common shares is 890367105 and the new ISIN number of the common shares is CA8903671052. The Transaction was completed by way of a share exchange under the laws of the Province of British Columbia, whereby the Company acquired all of the issued and outstanding securities of TGC in exchange for securities of the Company on a 1:1 basis. In connection with the Transaction, the Company issued 19,600,000 common shares to former shareholders of TGC. In connection with the Transaction, the Company paid a finder's fee of 1,375,000 common shares to an arm's length finder. Subject to receipt of final approval of the Exchange, it is anticipated that the common shares of the Company will commence trading on the Exchange under the ticker symbol "TGC" as a Tier 2 issuer (the " Listing"). The anticipated trading date will be announced in a subsequent news release once confirmed. In connection with the Transaction, in accordance with the requirements of the Exchange, certain securityholders of the Company have entered into a Tier 2 Value Security Escrow Agreement (the " Escrow Agreement") in respect of 20,975,000 common shares of the Company. Under the terms of the Escrow Agreement, 10% of such escrowed shares will be released upon issuance of the final bulletin of the Exchange in respect of the Transaction, with subsequent 15% releases occurring 6, 12, 18, 24 and 30 months from such date. Going forward, the Company will operate as a natural resource company focused on the acquisition, development, and operation of mineral properties. At this stage, its principal focus will be the exploration and development of the Toogood Gold Project. Under the terms of an option agreement (the " Option Agreement") with Prospector Metals Corp. (" Prospector"), TGC holds the right to acquire a 100% interest in the Toogood Gold Project, which consists of 16 mineral licenses encompassing 481 claims located in the Province of Newfoundland and Labrador. Concurrently with the closing of the Transaction, the Company issued 5,000,000 common shares to Prospector pursuant to the terms of the Option Agreement. Further details regarding the Transaction can be found in the company's Filing Statement (the " Filing Statement") dated March 31, 2025 filed under the company's profile on SEDAR+. Concurrent Financing On June 27, 2025, the Company completed a non-brokered private placement (the " Concurrent Financing") for aggregate gross proceeds of $3,522,640, consisting of: (i) 5,858,000 common shares of the Company, each qualifying as a "flow-through share" as such term is defined in the Income Tax Act (Canada) (the " Flow-Through Shares"), at a price of $0.13 per Flow-Through Share for gross proceeds of $761,540; and (ii) 27,611,000 non flow-through common shares of the Company (the " Non-FT Shares") at a price of $0.10 per Non-FT Share for gross proceeds of $2,761,100. Prior to completing the Listing, the Company expects to close a second tranche of the Concurrent Financing, such that the aggregate gross proceeds of first and second tranche of the Concurrent Financing will be up to $4,500,000. In connection with the Concurrent Financing, certain finders received: (i) a cash commission in the aggregate amount of approximately $175,815, representing 8.0% of the gross proceeds of the Flow-Through Shares and Non-FT Shares collectively sourced by such finders; and (ii) an aggregate amount of 1,643,400 finder warrants (each, a " Finder Warrant"), equal to 8.0% of the Flow-Through Shares and Non-FT Shares collectively sourced by such finders. Each Finder Warrant is exercisable for one common share of the Company at an exercise price of $0.10 per share for a period of 24 months from the date of issuance. The proceeds of the Concurrent Financing will be used to fund (i) expenses of the Transaction and the Concurrent Financing, (ii) the exploration and development of the Toogood Gold Project, located in the Province of Newfoundland and Labrador, and (iii) working capital requirements of the Company following completion of the Transaction. All securities issued pursuant to the Concurrent Financing are subject to a hold period of four months plus a day from the date of issuance. For more information, refer to the Company's Filing Statement, which is available under the company's profile on SEDAR+. Board and Management In connection with the completion of the Transaction, the Company is pleased to announce its Board of Directors as follows: Matthew Roma, Darren Devine and Colin Smith. In addition, the Company is pleased to announce its executive management as follows: Colin Smith (CEO), Cheryll Lingal (CFO and Corporate Secretary) and Jo Price (Vice-President, Exploration). Issued and Outstanding Share Capital The following table sets out the issued and outstanding share capital of the Company on a non-diluted basis following the completion of the Transaction and the first closing of the Concurrent Financing: All currency references in the news release are in Canadian currency unless otherwise noted. About Toogood Gold Corp. Toogood Gold Corp. is a natural resource company focused on the acquisition, development, and operation of mineral properties. At this stage, its principal focus is on the exploration and development of the Toogood Gold Project. Under the terms of an option agreement with Prospector Metals Corp., TGC holds the right to acquire a 100% interest in the Toogood Gold Project, which consists of 16 mineral licenses encompassing 481 claims located in the Province of Newfoundland and Labrador. ON BEHALF OF THE BOARD OF DIRECTORS OF TOOGOOD GOLD CORP. Colin Smith, CEO & Director For further information regarding the Company, please contact: Cheryll Lingal Chief Financial Officer and Corporate Secretary cheryll@ 604.209.8643 This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Cautionary Note Regarding Forward-Looking Statements Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the final Exchange approval and listing date and the proposed use of proceeds from the Concurrent Financing. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
an hour ago
- Cision Canada
SatSure and Dhruva Space forge strategic alliance to deliver end-to-end Earth Observation-as-a-Service (EOaaS) Solutions
Highlights The partnership aims to deliver fully-managed Earth Observation (EO) services, including satellite development, launch services, ground station infrastructure, analysis-ready data, and industry-specific solutions The development follows SatSure's wholly-owned subsidiary KaleidEO's successful testing and qualification of its sub-meter optical and multi-spectral Earth Observation payload, and Dhruva Space's investments into building India's largest private satellite integration and testing facility. BENGALURU, India, June 30, 2025 /CNW/ -- Bengaluru-based SatSure, a full-stack satellite Earth Observation (EO) and Decision Intelligence company, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Hyderabad-based Dhruva Space, a leading full-stack Space solutions provider with proven expertise in satellite platforms, launch services, and ground station infrastructure. This strategic partnership aims to unify the two companies' end-to-end, indigenously-developed capabilities across the upstream and downstream segments of the Space value chain, addressing the needs of both strategic and commercial stakeholders with high-reliability, homegrown technology. This strategic collaboration aims to provide one-stop-shop support for the world's growing Space-based observation needs by combining SatSure subsidiary KaleidEO's next-generation analytical solutions with Dhruva Space's expertise in small satellite platforms, critical subsystems, and system integration. Speaking about the development, Prateep Basu, Founder & CEO, SatSure, said, " We are very excited to be joining forces with Dhruva Space, which will enable us both to harness the best of Indian ingenuity and technological prowess. This partnership is poised to boost our sovereign EO capabilities and create a complete package for end customers who need both high-quality data and end-to-end solutions." Sanjay Nekkanti, Founder & CEO, Dhruva Space, also comments on the partnership, " This collaboration with SatSure marks a significant step in building a vertically integrated, sovereign Space ecosystem – one that bridges satellite platform development with actionable intelligence. By leveraging Dhruva Space's end-to-end capabilities spanning satellite platform development, launch integration, and ground segment infrastructure, in conjunction with KaleidEO's cutting-edge Earth Observation payloads and analytics stack, this collaboration is poised to significantly optimise mission timelines and deliver actionable insights for critical applications across both very critical sectors." SatSure, known for its innovative demand-driven approach in increasing adoption of Space Technologies by non-traditional commercial users, spun out KaleidEO in 2022 which has built two high-resolution optical and multi-spectral payloads. With a proven track record of Space heritage built over the past four years, Dhruva Space is now scaling its infrastructure with the development of a state-of-the-art 280,000 square-foot spacecraft manufacturing facility. This expansion is designed to address the rising global demand for satellite platforms and Space-enabled services across strategic and commercial domains. The facility, located in Hyderabad, Telangana, is the first-of-its-kind in India and designed to support end-to-end capabilities for the design, engineering, assembly, integration, and testing of spacecrafts weighing up to 500 kg. This partnership aims to offer a fully indigenous solution that spans payload development to platform deployment, enabling faster, more cost-effective access to high-quality Earth Observation data for a wide spectrum of users across sectors. About SatSure SatSure is a vertically integrated Earth intelligence provider, with headquarters in Bengaluru, India. Founded in 2017, SatSure is an expert in building combining geospatial data and artificial intelligence to create niche products that serve the financial services, agriculture, utilities, forestry, energy and aviation industries. It serves customers across India, Western Europe, Australia, North America, the Middle-East and Japan. Dhruva Space Private Limited is a full-stack Space Engineering solutions provider based in Hyderabad, India. The company is active across Space, Launch, and Ground segments and supports Civilian and Defense clients worldwide. Dhruva Space offers Satellite/s coupled with Earth Station/s and Launch Service/s as an integrated solution or individually as technology solutions to power Space-based applications on Earth and beyond.
