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Partnerships

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Tom Brady, the retired NFL quarterback, has announced a minority investment in Championship English soccer club Birmingham City. Brady partnered with Knighthead Capital Management for the investment. He will become Chairman of the new Advisory Board and will be involved in various aspects of the club, including health, nutrition, wellness, recovery systems and programs, global marketing efforts, and new commercial partnership opportunities. Brady is also working to acquire a stake in the NFL’s Las Vegas Raiders and owns stakes in the Las Vegas Aces (WNBA) and a Pickleball franchise. Media rights for Championship games in the U.S. belong to ESPN, a unit of The Walt Disney Company.

Portfolio Pulse from Chris Katje

August 04, 2023 | 1:46 pm

INDA

TSLA

Tesla's U.S. executives have held closed-door talks with India's Commerce Minister regarding the carmaker's plans to enter the Indian market, according to sources cited by Reuters.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:45 pm

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RBK

VeeFriends, founded by entrepreneur Gary Vaynerchuk, is collaborating with Reebok to create sneakers featuring the Aspiring Alpaca character from the VeeFriends NFT collection. Holders of VeeFriends Aspiring Alpaca Series 1 NFTs will have a free claim on the sneakers. The shoes will also be available for purchase on the VeeFriends and Reebok websites from August 24, 2023, for $90. The VeeFriends Series 1 NFT collection has a floor price of 1.96 Ethereum (ETH), or around $3,591.84.

Portfolio Pulse from Chris Katje

August 04, 2023 | 1:33 pm

META

Meta Platforms Inc's Ray-Ban smart glasses have failed to gain traction since its launch in 2021, with less than 10% of purchased glasses being actively used. The glasses, developed in partnership with EssilorLuxottica, experienced a 13% return rate due to various issues. Despite these challenges, Meta plans to release the second generation of Ray-Ban Stories by fall or next spring. The company's Reality Labs division, responsible for the smart glasses, reported an operating loss of nearly $8 billion in the first half of 2023.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:31 pm

INDI

indie Semiconductor (NASDAQ:INDI) and SiLC Technologies have formed a strategic partnership to develop a light detection and ranging (LiDAR) platform. The partnership aims to deliver a fully integrated vision system platform deploying frequency modulated continuous wave (FMCW) detection for next-generation sensing applications. The collaboration is expected to deliver 10x performance, power, and cost advantages over existing implementations.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:30 pm

LUCY

Innovative Eyewear, Inc. has successfully conducted a secondary offering to raise capital for the launch of smart eyewear collections under its new partnerships with Nautica, Eddie Bauer, and Reebok. The Nautica and Lucyd Safety smart eyewear lines are expected to launch in Q4 2023, while the Eddie Bauer and Reebok lines are expected to launch in early Q1 2024. The company also plans to make further enhancements to the Lucyd app, which powers seamless connection to ChatGPT on all of its eyewear.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:27 pm

ILMN

Digital ad tech company Illumin and digital out-of-home (DOOH) ad tech developer Broadsign have announced a collaboration to integrate the Broadsign supply-side-platform (SSP) with Illumin's journey advertising platform. This integration will bring premium global DOOH inventory to Illumin for the first time, allowing brands and agencies in over 15 countries to run ads across various formats available on the Broadsign SSP alongside their TV, CTV, and other digital ads.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:26 pm

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Trulieve Cannabis Corp. and AYR Wellness, Inc. are expanding their retail footprint in Florida, with Trulieve opening a new store and relocating a medical dispensary, and AYR opening three new retail locations. Symple Seeds opened a new fulfillment center in South Florida. In New Jersey, Goldfinch Dispensary and Discofries cannabis cultivation are preparing to open, and Justice Cannabis Co. has launched medical cannabis sales. High Tide Inc. launched recreational marijuana sales at a new store in Ontario, Canada. Green Thumb Industries Inc. launched cannabis sales at a new store in Las Vegas. Quality Roots opened a new cannabis dispensary in Michigan, and a new medical cannabis dispensary opened in South Dakota.

Portfolio Pulse from Jelena Martinovic

August 04, 2023 | 1:25 pm

ASUR

Asure Software has partnered with Vestwell to launch the Asure 401(K) Plan. This partnership aims to provide a comprehensive retirement plan solution for small and medium-sized businesses.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:25 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) and Nanjing Wondux Environmental Protection Technology Corp have entered into a memorandum of understanding (MoU) to explore the application of LiqTech's advanced filtration system to industrial water treatment in China. This partnership could potentially expand LiqTech's market reach due to Wondux's strong position in China's environmental waste and water treatment sector.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:24 pm