Man... to think we had Lion Electric in Québec, building electric school buses and delivery trucks, that was expanding all across North America when suddenly the whole thing went tits up with a whole fiasco.

Québec had invested nearly 180 million dollars. The CEO said they had tons of orders coming in from everywhere including Amazon, CN, Ikea. And when the company went public in 2021, people were confident that this company was going to be a great success. Except the CEO lied.

4 years later, the share dropped 95%. Investors lost everything. The provincial government pulled their investments and requested an investigation. Shareholders now filed a class action lawsuit for false information and for not communicating the true financial health of the company.

I swear... every time a company with a great idea is started in Québec, it always fails because of the fucking CEO who's trying to pull a fast one. Like Bixi rent-a-bikes. The company was about to go bankrupt until the city bought the whole thing and made it a city owned company and the whole thing became a huge success. I bet if Québec bought LION Electric and managed it properly as a crown corp, it would be a huge success.