Streetbeat News

Partnerships

CBSTF

The Cannabist Company Holdings Inc. (OTCQX:CBSTF) has partnered with Airo Brands to bring Airo's cannabis vaporization products to The Cannabist Company's dispensaries in Delaware. The collaboration will introduce AiroPro, AiroSport, AiroX Disposable, and AiroPod cartridge oil formulations, including Strain Series, Artisan Series, and Live Flower Series. The products will be available in the company's wholesale channels soon and are expected to expand to other states pending regulatory approval.

Portfolio Pulse from Jelena Martinovic

November 21, 2023 | 4:06 pm

MARK

MSFT

Remark Holdings announced via Twitter that its AI product, RemarkAI, is getting ready for launch and has been certified for publication to the Microsoft 365 App Store. The tweet included a screenshot confirming the certification.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:03 pm

WWW

Wolverine World Wide, Inc. has licensed its sock business to Renfro Brands, with the transition effective January 1, 2024. From that date, all Wolverine socks will be exclusively manufactured by Renfro Brands.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:46 pm

BNBUSD

FUTU

Crypto exchange OKX has applied for a virtual asset trading platform (VATP) license in Hong Kong through its branch OKX Hong Kong FinTech. The application aims to position Hong Kong as a key cryptocurrency hub. OKX's application follows PantherTrade's, which is linked to Futu Holdings. The new SFC regulations in Hong Kong mandate licensing for exchanges and allow them to serve retail investors. Other companies, including HTX and Crypto.com, are also interested in applying, while Binance is seeking a license through HKVAEX.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 3:32 pm

NIO

Nio Inc (NYSE:NIO) has partnered with Chongqing Changan Automobile Co. to develop battery swapping technology for electric vehicles (EVs). The collaboration will cover vehicle ownership, battery technologies, maintenance services, and financing solutions. Changan Auto's chairman suggested the partnership could expand to vehicle development. Nio's 'battery-as-a-service' program, launched in 2020, aims to reduce upfront costs for customers. Nio plans to have 1,000 battery swapping stations by year-end, with over 2,000 already in China. Nio's CEO announced a 10% staff reduction and potential spin-offs to improve finances, as the company has not met sales targets and operates at a loss. NIO shares dropped 1.03% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 3:11 pm

RIO

Rio Tinto has partnered with Aymium to develop and trial a renewable biocarbon product aimed at reducing emissions in industrial processes. The product has been successfully tested at Rio Tinto's Sorel-Tracy complex. Rio Tinto has made a further equity investment in Aymium, following an initial investment in 2022, to support its 2030 emission reduction targets. The partnership will explore large-scale production options for the biocarbon product. Both companies are committed to decarbonizing operations and supply chains, with Aymium focusing on transitioning away from fossil fuels.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:02 pm

PLTR

The UK's National Health Service (NHS) has awarded Palantir Technologies a contract to manage patient data. The contract involves an investment of up to £330 million in the Federated Data Platform and associated services over a period of seven years, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:41 pm

GEHC

GE Healthcare has introduced a new version of Digital Expert Access, which is the first FDA 510(k)-cleared device that allows for remote patient scanning. Additionally, GE Healthcare has entered into an exclusive distribution agreement with IONIC Health to enhance its portfolio with multi-vendor, multi-modality remote scanning capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:31 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) is experiencing increased deployments of its BolaWrap 150 Remote Restraint device, which is being recognized for its non-lethal approach to law enforcement situations, including mental health crises. The device's adoption is part of a shift towards de-escalation and empathy in policing, with positive feedback from law enforcement agencies like the Hawthorne Police Department.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:24 pm

SEED

Origin Agritech Ltd. (NASDAQ:SEED) provided a business update for FY23, expecting revenue of $12M-$13M, a 60%-70% increase from FY22. Net income is projected at $16M-$17M, including a one-time $19M gain from a building sale. Operating profit is anticipated to be around $2M. The company highlighted advancements in agricultural biotechnology, including a triple-stack trait corn and a novel gene editing method. They also discussed the potential approval of GMO corn hybrids in 2024, advancements in nitrogen-efficient corn, and expansion plans for nutrition-enhanced corn (NEC). The company is in discussions with Muyuan Foods for potential collaborations and expects to expand NEC corn planting. Origin Agritech's CEO expressed confidence in the company's future and dissatisfaction with the current stock price, indicating it undervalues the company's potential.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:19 pm