Taiga, the electric snowmobile and personal watercraft maker, had a tough year, to say the least. In addition to laying folks off, the powersport company declared bankruptcy late into 2024 and its prospects for the future were bleak. Especially since when it had originally filed its financial results, it failed to include any forward-looking prospectus, as companies generally do.
Nothing good, nothing bad. Just, well, nothing. And then, the reality of the situation took hold as the company filed bankruptcy and went into quiet mode due to the ongoing legal hurdles to either disband the company completely or somehow save it. The latter wasn't on my personal bingo card, but it's become the route that Taiga's taken.
Yes, the company was bought by Vita Power, as well as a healthy investment from the Export Development Bank of Canada, and is eyeing its way back to the limelight with shipments beginning once again, and some seriously forward-looking statements. Hey, look, they're back!
