Streetbeat News

Partnerships

CSE:XSF

XSHLF

XS Financial Inc. has secured a $15 million line of credit to fund expansion projects in the cannabis sector. The company plans to use the loan proceeds and cash on hand to fund additional CAPEX and equipment leases with new and existing customers. The news comes as the number of banks and credit unions working with cannabis companies is at a record high, and ahead of the Senate Banking Committee's vote on cannabis banking reform.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 1:26 pm

VHC

VirnetX Holding Corporation (NYSE:VHC) has signed a non-exclusive agreement with Zeleration Technology to integrate and support VirnetX's Cybersecurity and Secure Communication Solutions within Zeleration's ecosystem. The partnership aims to enhance privacy in online communications, particularly for businesses in consulting, finance, accounting, and law. The collaboration will leverage VirnetX's War Room and One Security Platform technologies, which provide robust security and privacy benefits.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:26 pm

NVO

Novo Nordisk (NVO) has partnered with Aspen Pharmacare to produce human insulin in South Africa for export to African nations. The insulin will be supplied to health authorities and NGOs through a tender system with a maximum price of $3 per vial. The production is expected to reach 16 million insulin vials next year, equivalent to the yearly consumption of 1.1 million people. By 2026, this number will increase to 4.1 million people living with diabetes across Africa. Recently, the FDA reported quality control issues at Novo Nordisk's Clayton, North Carolina plant.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:24 pm

CPSH

CPS Technologies Corporation (NASDAQ:CPSH) has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy. This is the company's first grant from this agency and the fifth SBIR/STTR award since such work became a priority for CPS a little over a year ago. The study, entitled 'Modular Radiation Shielding for Transportation and Use of Microreactors,' will be led by Matthew Karnick, a materials scientist at the Company.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:21 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) has signed an agreement to distribute its produce and products to all nineteen Woodman's Markets locations across Wisconsin and Illinois. This marks a significant expansion of Edible Garden's distribution in the Midwest. Woodman's Markets plans to feature Edible Garden's patented, self-watering display chain wide.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:17 pm

CREX

Creative Realities, Inc. (NASDAQ:CREX) has expanded its partnership with Target Center to upgrade the arena's digital signage technology. The upgrade will include software, displays, video walls, and content creation design and optimization strategy. The rollout is planned for the 2023-2024 NBA season. This partnership is part of Creative Realities' continued expansion in the sports and entertainment sector.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:12 pm

ILMN

MYGN

Myriad Genetics and Illumina have achieved two key milestones in their strategic partnership aimed at advancing genomic profiling and homologous recombination deficiency (HRD) testing. The first milestone qualifies Myriad to conduct prospective clinical trial testing with an investigational use only test based off of Illumina's in-development IVD solution. The second milestone involves Myriad's initiation of its first reproducibility test project to support future regulatory filings.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:08 pm

MTTR

PCOR

Matterport, Inc. (NASDAQ:MTTR) has announced an expanded collaboration with Procore Technologies Inc. (NYSE:PCOR), a global provider of construction management software. The collaboration will enhance Matterport's platform ecosystem support for design and construction management software services. Procore users can now use features such as RFI's, Observations, and Coordination Issues directly within Matterport's 3D digital twins, creating a visual system-of-record for site conditions. The integration aims to improve project tracking, quality control, and efficiency in closeout processes.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:05 pm

ACIW

MSFT

ACI Worldwide has partnered with Microsoft to speed up the global transition to real-time payments. The ACI Real-Time Payments Cloud Platform, hosted on Microsoft Azure, will assist financial institutions in enabling instant payment transactions more quickly.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:04 pm

INFA

ORCL

Informatica (NYSE:INFA) and Oracle have strengthened their strategic partnership with the creation of an Oracle Cloud Infrastructure (OCI) point of delivery to thousands of joint customers across North America. The partnership includes new integrations and capabilities for Informatica's Intelligent Data Management Cloud (IDMC) across Oracle's Modern Data Platform. The collaboration aims to deliver clean, secure, trusted data to empower greater AI/ML utilization and accelerate modernization journeys.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:03 pm