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Alberta

Edmonton company releases a world first NFT project

Published

2 years ago

10 minute read

Edmonton based; Score G Productions, launched a first of its kind in the world NFT (non-fungible token) project on April 17th. It’s called, Creative Hustler Key. Creative Hustler Key gives buyers through a one-time payment, a lifetime all-access passkey to the Score G Productions.  This includes access to a full community of content producers, executive producers, exclusive 3-D NFT artwork, exclusive videos, and even monthly members only access to online workshops featuring creative content producers from around the world. The Creative Hustler Key NFT even offers chances to win access to live in-production sets, access to their studios during editing and post-production, and chances to win tickets and trips to future red-carpet movie premier events. There’s more in the works too. Basically, buyers will get access to Score G Productions’ impressive Rolodex and industry knowledge.

There are only 999 pass keys for sale, once gone, it will never be expanded, with the promise of no copycat versions of this Creative Hustler Key to ever be started by their team.

Adam and Machete during inmate #1: The Rise of Danny Trejo

We asked Score G Productions founder, father of three, married to his high school sweetheart, Edmonton based Adam Scorgie why he’d take on such a huge undertaking when they are already successful in the film production industry? Scorgie replied, “We get calls, emails and social media posts asking us to help people all the time. People approach us at public events, asking for mentorship, internships, contact access, script readings, it is all kind of overwhelming.” Continuing, “I wish I had people I could have called when I was starting out. I knew what I wanted to do, but I knew no one and knew nothing.” Explaining, “This is our pay it forward move. I want to help as many people as possible, in any way I can.”

A huge personal belief for Scorgie is explained, “I like to do things in and as a team; this will be a world’s first team like this. Extremely unique.”

The now, world-wide known and highly respect filmmaker with an extensive library of finished and in-production projects never planned on being a film producer, he in fact, never went to film school. He did however, go to acting school in New York and had credits in voice, as dancer, movie and soap opera acting credits. Things were looking up and moving along nicely.

But then his father, Buddy, got sick, very quickly. At 23, he dropped his dreams of Hollywood fame and fortune, moving back to Kelowna where he was born and raised to take over his dad’s business, Cheetah’s Show Lounge & Bar. Kelowna’s only stripper bar. “I went from 23 to 35 in like six months!” the forced adult entertainment entrepreneur said.

His father passed away after a short health battle.

Then things got “really tough”. A lawsuit was filed against his father’s estate, he had a new partner in the business. While he tried to keep the clothes on his own back and his business afloat; Adam noticed a lot of his patrons, high school friends, same age as himself with cash pouring out of their pockets and stacked high on their tables in the VIP section. They all had 70+ thousand-dollar trucks, 50k Harleys, houses and more. He asked them, what the hell they were all doing to become so rich, so fast? They all said, “We are in the Union, you should join us.”

This was in the height of the multi-billion-dollar BC Bud days. The “Union” was code for underground pot grower for organized crime rings being done at arm’s length. While Adam admits, he did come close to joining the “Union”, he ended up selling his share in the stripper club and put every last cent he had, plus some extra money borrowed from his stepdad into making a full-length documentary movie with his new partner, Vancouver director Brett Harvey. The film was called, The Union: The Business Behind Getting High and it quickly gained a cult following around the world.

And the rest is history! If only it was that easy. Scorgie laughs while reminiscing, “People said I was nuts. I have heard that a lot over the years, especially for just living in Edmonton and not Hollywood.”

He fully expects people to say this again about this unique NFT rollout. Being young and ahead of the curve is nothing new for Adam and his team. Scorgie expands, “We didn’t have any money for PR marketing firms or to pay agents to promote us. So, we did it all on Facebook and other social media platforms.” Continuing, “We had 1.2 million followers on Facebook alone. “Today every production has huge teams of social media specialists, with very expensive detailed marketing plans for social media promotions long before any production even gets close to post-production.”

Scorgie remembers one meeting with Hollywood executives when they were shopping a world-wide release of the final cut of the Union.  One said, “Oh isn’t that cute, you have a Facebook page.” Then they saw the Union page had over a million followers for the indie production. Adding, “That got their attention. No one is laughing at us anymore.” Finishing, “And years from now, no one will be over this new NFT project.”

Shane Fennessey

One of Scorgie’s closest friends and partner in Score G Productions, Shane Fennessey, explains more about the Creative Hustler Key project, “There is nothing in the world like what we just launched by offering a real, hands-on community of successful high-quality, award-winning professionals from the film production industry.” Adding,  “NFT’s are known for exclusive digital images and video, yes with us you still get exclusive 3-D images that took months to produce and exclusive videos with the purchase of these keys.”  Continuing, “What is truly different and very exciting is that this is a utility driven NFT project, a place where professionals will collaborate. It has long-term value too. We are young. As long as we are a business, these keys never expire” Adding, “There are no annual renewal fees, you own the Keys, you can sell them for the going price any time in the future, you can even add them to your estate, they are yours.”

Expanding on the added values of the only 999 keys available, Fennessey says, “We know how to apply for grants, we know where the grants are, we know how to fund-raise for the next project.” Continuing,  “We know all the tax credits and other forms of  how to finance projects. We are going to share all of this and even more knowledge that we have about this industry.”

In closing Fennessey said, “We love the idea of opening doors for new young Creative Hustlers.” Asked if it will it sell out, “Most likely and very quickly we expect, with no outside advertising or media coverage 10% of the 999 keys sold in just the first 2-hours of the Sunday release.”

Details for how to get involved can be found here; https://creativehustlerkey.com/

Score G Production’s main catalogue;

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Alberta

Danielle Smith warns Trudeau gov’t she’s going ahead with natural gas projects despite regulations

Published on November 30, 2023

By

From LifeSiteNews

By Anthony Murdoch

‘We’re not going to sit and wait while they break the law, drag their feet, make us take them to court, spend years creating economic uncertainty for our investors’

After Environment Minister Steven Guilbeault brushed off Alberta Premier Danielle Smith’s invocation of the “Sovereignty Act” as being merely “symbolic,” the Alberta leader warned him that her province will be building new gas-fired power plants regardless of his new “clean energy” rules. 

“Well, he [Guilbeault] will learn that if he does not back down from his outrageous and unconstitutional targets of 2035, it’ll be more than symbolic,” said Smith Tuesday after being asked by a reporter about Guilbeault’s comments. 

“We’ll proceed with developing our baseload power on natural gas with the best available technology.” 

Smith said that the use of the Sovereignty Act, which was invoked on Monday for the purpose of shielding Alberta from future power blackouts due to federal government overreach, will help the province “make sure that we are able to shield any corporation from any kind of criminal liability.” 

“Whether that means that we have to de-risk it by being the generator of last resort or we have to purchase some of those plants so that we operate them ourselves, so that we’re able to continue on with having a reliable power grid,” she said. 

The Sovereignty Act resolution calls on Alberta’s cabinet to “order all provincial entities not to recognize the constitutional validity of, enforce, nor cooperate in the implementation of the CERs [Clean Electricity Regulations] in any manner, to the extent legally permissible.” 

Guilbeault on Monday came out with a statement concerning Alberta’s invocation of the Sovereignty Act, claiming that its use will “create fear and uncertainty over collaboration and positive results for Albertans.” 

He also later claimed while speaking to reporters that Smith’s action using the Sovereignty Act is just “symbolic.” 

Unlike most provinces in Canada, Alberta’s electricity industry is nearly fully deregulated. However, the government still has the ability to take control of it at a moment’s notice. 

A draft version of the federal government’s CERs introduced by Guilbeault projects billions in higher costs associated with a so-called “green” power transition, especially in the resource-rich provinces of Alberta, Saskatchewan, New Brunswick, and Nova Scotia, which use natural gas and coal to fuel power plants. 

Business executives in Alberta’s energy sector have also sounded the alarm over the Trudeau government’s “green” transition, saying it could lead to unreliability in the power grid. 

‘We’re not going to sit and wait while they break the law’  

While speaking to reporters Tuesday, Smith noted how Alberta will proceed with ensuring its power grid is stable and secure, and that the province will not “sit and wait” around for the Trudeau government to continue breaking “the law.”  

“So, there’s this is just the indication that we’re moving on this. We’re not going to sit and wait while they break the law, drag their feet, make us take them to court, spend years creating economic uncertainty for our investors,” said Smith. 

“We’re going to start commissioning those plants now because we need them now.” 

The Smith government said that while it does not like the route of taking back power production under state control, it says this is the only way the province can keep the current Liberal government, or any other future government, from interfering in provincial power production. 

Two recent court rulings dealt a serious blow to the Trudeau government’s environmental activism via legislation. The most recent was when the Federal Court of Canada on November 16, 2023, overturned the Trudeau government’s ban on single-use plastic, calling it “unreasonable and unconstitutional.” 

The Federal Court ruled in favor of the provinces of Alberta and Saskatchewan by stating that Trudeau’s government had overstepped its authority by classifying plastic as “toxic” as well as banning all single-use plastic items, like straws, bags, and eating utensils. 

The second victory for Alberta and Saskatchewan concerns a Supreme Court ruling that stated that Trudeau’s law, C-69, dubbed the “no-more pipelines” bill, is “mostly unconstitutional.” The decision returned authority over the pipelines to provincial governments, meaning oil and gas projects headed up by the provinces should be allowed to proceed without federal intrusion. 

The Sovereignty Act resolution calls on Alberta’s cabinet to “order all provincial entities not to recognize the constitutional validity of, enforce, nor cooperate in the implementation of the CERs in any manner, to the extent legally permissible.” 

It also orders that the province investigate the “feasibility of establishing a provincial Crown corporation for the purpose of bringing and maintaining more reliable and affordable electricity onto the grid in the event that private generators find it too risky to do so under the CERs.” 

The Trudeau government’s current environmental goals – in lockstep with the United Nations’ “2030 Agenda for Sustainable Development” – include phasing out coal-fired power plants, reducing fertilizer usage, and curbing natural gas use over the coming decades. 

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved. 

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Alberta

Alberta’s projected surplus balloons: Mid-year budget update

Published on November 30, 2023

By

Mid-year update: Keeping Alberta’s finances on track

Alberta’s government continues to manage the province’s finances responsibly with the future in mind.

Alberta continues to lead the nation in economic growth and is forecasting a surplus of $5.5 billion in 2023-24, an increase of $3.2 billion from Budget 2023. The province’s fiscal outlook continued to improve in the second quarter of 2023-24, boosted by strong bitumen royalties and higher income tax revenues.

However, volatile oil prices, continued inflation challenges and uncertainty due to slowing global growth could still affect the province’s finances going forward. Debt servicing costs will be higher than previous years due to higher interest rates, reinforcing the importance of the government’s commitment to balance the budget.

“Alberta continues to stand out as a leader when it comes to fiscal stability and economic resilience in the midst of so much global uncertainty. Our second-quarter fiscal update is another positive report, showing strength in Alberta’s finances and economy and positioning us for future growth and prosperity.”

Nate Horner, President of Treasury Board and Minister of Finance

The government continues to spend responsibly, maintaining its commitment to keep funds in the province’s contingency for disasters and emergencies. The government’s new fiscal framework requires the government to use at least half of available surplus cash to pay down debt, freeing up money that can support the needs of Albertans for generations. The government continues to reduce the province’s debt burden and will pay down a forecasted $3.2 billion in debt this fiscal year.

Alberta’s government is turning its focus to developing next year’s budget, so it supports Albertans’ needs and the province’s economic growth while maintaining the government’s commitment to responsible spending within the fiscal framework. Budget 2024 consultations are open and Albertans are encouraged to share their feedback to help set the province’s financial priorities.

Revenue

  • Revenue for 2023-24 is forecast at $74.3 billion, a $3.7-billion increase from Budget 2023. The increase is due to increases across different revenue streams. In addition, the price of West Texas Intermediate (WTI) oil is forecast to average US$79 per barrel over the course of the fiscal year, in line with the Budget 2023 forecast.
    • Personal and corporate income tax revenue is forecast at $21.8 billion, $1.8 billion higher than at budget.
    • Bitumen royalties are forecast at $14.4 billion, an increase of $1.8 billion from budget.
    • Overall resource revenue is forecast at $19.7 billion, $1.3 billion higher than the budget forecast.
  • Beginning in 2024, Alberta’s government will continue to offer fuel tax relief when oil prices are high, even as the province transitions back to the original fuel tax relief program, which is based on average quarterly oil prices.
    • Albertans will save some or all of the provincial fuel tax on gasoline and diesel when oil prices are $80 per barrel or higher during each quarter’s review period.
    • Although oil prices have been below $80 in recent weeks, Albertans will continue to save at least four cents per litre on the provincial fuel tax in the first three months of 2024 as the tax is phased back in.
    • The government’s fuel tax relief efforts, which include the pause to the end of 2023 and additional savings over the first three months of 2024, are forecast to reduce other tax revenue by $524 million in 2023-24.

Expense

  • Expense for 2023-24 is forecast at $68.8 billion, a $481-million increase from Budget 2023.
  • Capital grants are up marginally from Budget 2023, but down from the first-quarter forecast, mainly due to funding schedules for Calgary and Edmonton LRT projects.
  • Debt servicing costs are forecast to increase $309 million from budget, a reflection of ongoing high interest rates and inflation.
  • Total expense has increased by $1.9 billion, $0.5 billion is directly offset by revenue and $1.4 billion is absorbed by the $1.5-billion contingency.
  • In total, $123 million of the 2023-24 contingency remains unallocated.
  • $1.2 billion in disaster and emergency costs are forecast for the current fiscal year.
    • $750 million for fighting wildfires in the province
    • $165 million for AgriRecovery to support livestock producers affected by dry conditions
    • $253 million to provide financial assistance to communities for uninsurable damage from spring wildfires and summer flooding
    • $61 million for evacuation and other support
  • The operating expense forecast has increased by $319 million, including an additional:
    • $301 million for Health
    • $48 million for Advanced Education
    • $48 million for Energy and Minerals
    • $33 million for Mental Health and Addiction
    • $30 million for Education
    • $14 million for Indigenous Relations
    • Offset by decreases of $187 million for lower-than-expected program take-up of affordability payments and re-profiling of TIER spending to 2024-25.

Alberta Heritage Savings Trust Fund

  • The Alberta Heritage Savings Trust Fund’s market value on Sept. 30, 2023, was $21.4 billion, up from the $21.2 billion reported at March 31, 2023.
    • The Heritage Fund returned 0.9 per cent over the first six months of 2023-24.
    • Over the five-year period ending on Sept. 30, 2023, the Heritage Fund returned 5.9 per cent, which is 0.5 per cent above the return of its passive benchmark. While the Heritage Fund is outperforming its benchmark return, it is below the long-term real return target of 6.9 per cent, again a result of interest pressures.
    • The Heritage Fund generated net investment income of $1 billion in the first half of the fiscal year.

Economic outlook

  • Alberta’s economy continues to be resilient, with continued growth projected over the three-year forecast.
  • Alberta’s real gross domestic product (GDP) is expected to grow 2.8 per cent in 2023, in line with the Budget 2023 forecast.
  • Despite interest rate increases, high prices and slower global economic growth, Alberta’s economy is forecast to keep expanding. The pace of growth, however, will be slower compared with the last two years when the province was recovering from the pandemic.

Alberta Fund

  • The amount of surplus cash available for debt repayment and the Alberta Fund is determined after a number of required cash adjustments have been made. For 2023-24, this includes $5.1 billion from the 2022-23 final results to start the year.
  • The Alberta Fund contribution for 2023-24 is forecast at $1.6 billion.
  • Money in the Alberta Fund can be used toward additional debt repayment, the Heritage Savings Trust Fund, or one-time initiatives that do not permanently increase government spending.

Related information

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