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Worksport 132% gross profit surge, 46% sales gain
Finance
— Jul 22, 2026
Worksport Ltd. posted strong Q2 2026 results with net sales up about 46% and gross profit up roughly 132%, as gross margins surpassed 35% and June became the strongest month in company history, signaling improvement toward cash-flow breakeven amid expanding product adoption. The results, highlighted across multiple reports, indicate a growing sales base and margin expansion that could drive profitability as the company scales its automotive and clean-energy offerings.
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NextTrip Secures $4.6M Convertible Note Financing
Business
— Jul 22, 2026
NextTrip secured an 18-month senior secured convertible note for up to $4.6 million from Lind Global Fund III, with a fixed conversion price of $3.88 and the option to repay principal and interest entirely in cash to avoid equity conversions, alongside a related five-year warrant. Proceeds are earmarked to accelerate commercialization of media and creator platforms, expand NextTrip Pro and JOURNY TV/YADA Commerce initiatives, bolster working capital, and retire certain existing obligations as management targets cash-flow breakeven and a transformational year ahead.
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