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SPARTA CAPITAL CORP - SCAXF STOCK NEWS

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Sparta Capital Corp (SCAXF) is a leading company revolutionizing the business world with advanced technologies that reduce carbon footprint, save money, and enhance public image. With expertise in energy management, electronic waste upcycling, and health technologies like autonomous medicine, Sparta offers innovative solutions for businesses seeking sustainable practices. Positioned for growth in the energy management market, Sparta collaborates with key partners to provide comprehensive energy management solutions for industrial and commercial sectors. By leveraging cutting-edge technologies such as artificial intelligence, blockchain, and machine learning, Sparta aims to fast-track the transition towards a greener future.

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Sparta Group confirms the passing of their President and Chief Technology Officer, John O'Bireck, after a battle with pancreatic cancer. John was known as a dedicated leader and friend, and his loss is deeply felt by the company. He played a significant role in the development of Sparta's environmental technology divisions and the establishment of a health corporation.
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Sparta Group releases Q3 financial results, with revenues up 35% and 54% for three and nine months respectively. EBITDA increased to $339,081. Net Loss improved 86% to ($63,106). Doc-in-a-Box™ health project launched. Expanded workforce at e-waste facility. AI incorporation planned. Rebranding complete.
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Sparta Group has partnered with Legend Power Systems to add SmartGATE, an active power management system, to its energy optimization technologies. This allows Sparta to expand its services to commercial clients and address energy waste in commercial buildings. The SmartGATE system can identify and fix underperformance in electrical systems, providing actionable data to building owners. With close to 500,000 commercial buildings in Canada, there is a large market for energy optimization tools like SmartGATE.
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Sparta Group (OTC PINK: SCAXF) reported a 15% revenue growth for the fiscal year 2022, with Q1 2023 revenue reaching $2,168,064, a 61% year-over-year increase. The company is pioneering a certified Carbon Credit Program in the e-waste recycling industry, and expanding operations with a new processing facility in Oman, the first of its kind in the Middle East. A partnership with uOttawa aims to recover Lithium from spent batteries amidst rising EV demand. Additionally, Sparta's e-waste division has secured a deal with General Motors for electronic waste disposal, while a collaboration with Achu Health™ enhances rapid testing capabilities for workplaces using blockchain technology. Net income for Q1 2023 was $44,768, a turnaround from a loss of $195,655 the previous year.

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FAQ

What is the market cap of SPARTA CAPITAL (SCAXF)?

The market cap of SPARTA CAPITAL (SCAXF) is approximately 3.5M.

What is Sparta Capital Corp's focus?

Sparta focuses on providing advanced technologies that reduce carbon footprint, save money, and enhance public image for businesses.

What sectors does Sparta cater to?

Sparta offers energy management solutions for industrial and commercial sectors, electronic waste upcycling, and health technologies such as autonomous medicine.

How does Sparta prepare for energy management demand?

Sparta strategically partners with key companies in the energy sector to provide comprehensive solutions for reducing energy use and costs.

What technologies does Sparta leverage?

Sparta utilizes advanced technologies like artificial intelligence, blockchain, and machine learning to drive sustainable practices and innovations.

Where is Sparta listed?

Sparta is a publicly traded company listed on the TSX Venture Exchange under the ticker symbol SAY (TSX.V: SAY) and (OTC: SCAXF).
SPARTA CAPITAL CORP

OTC:SCAXF

SCAXF Rankings

SCAXF Stock Data

3.48M
227.89M
8.75%
Pollution & Treatment Controls
Industrials
Link
United States of America
Toronto