Streetbeat News

Partnerships

BA

LUV

Southwest Airlines executive has expressed confidence that the company will receive 70 deliveries from Boeing this year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 4:37 pm

META

RBLX

Roblox has announced the open beta availability of its platform on Meta Quest 2 and Quest Pro via App Lab. This move allows users to optimize their experiences for Meta Quest VR devices.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 4:31 pm

KODK

EssilorLuxottica and Eastman Kodak Company have signed a perpetual worldwide license agreement. The agreement grants EssilorLuxottica the exclusive right to use the Kodak registered trademarks for products and services in connection with EssilorLuxottica’s business.

Portfolio Pulse from Charles Gross

July 27, 2023 | 4:02 pm

CBWTF

Auxly Cannabis Group Inc. and Imperial Brands PLC have agreed to extend the maturity date of their previously issued $123 million debenture by 24 months. The debentures are convertible into common shares at a price of $0.81 per share. Auxly remains Imperial Brands' exclusive global partner for cannabis products. Imperial Brands' nominee, Murray McGowan, has resigned from Auxly's board as Imperial Brands no longer holds the required percentage under the investor rights agreement. Auxly's CFO, Brian Schmitt, has also resigned and Travis Wong has been appointed interim CFO.

Portfolio Pulse from Vuk Zdinjak

July 27, 2023 | 3:48 pm

AMZN

GOOG

META

MSFT

OpenAI, Anthropic, Alphabet Inc, and Microsoft Corporation have announced the creation of the 'Frontier Model Forum', an industry group committed to promoting the safe and responsible development of frontier AI systems. The forum aims to advance AI safety research, establish best practices and standards, and facilitate knowledge sharing among policymakers and industry players. This follows a commitment made by seven tech companies, including Alphabet, Amazon.com Inc, Microsoft, Meta Platforms Inc, OpenAI, Anthropic, and Inflection, to adhere to voluntary guidelines aimed at mitigating risks associated with AI.

Portfolio Pulse from AJ Fabino

July 27, 2023 | 3:22 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced a renewed national brokerage agreement with Great North Distributors, Inc. The 4-year agreement will continue to make Great North the exclusive representative for Tilray’s full portfolio of recreational cannabis products across the Canadian marketplace, excluding Quebec. Tilray recently released its Q4 and fiscal-year 2023 financial results, beating analyst's top-line estimates. Shares of TLRY are up by more than 26% over the last five sessions and more than 36% over the last month.

Portfolio Pulse from Erica Kollmann

July 27, 2023 | 3:17 pm

HPCO

Hempacco Co, Inc. (NASDAQ:HPCO) has signed a master distribution agreement with Reliable Distributor of New York. The deal will see Hempacco's products, including those associated with celebrities like Snoop Dogg and Rick Ross, marketed and distributed in 5000 smoke shops across New York.

Portfolio Pulse from Vuk Zdinjak

July 27, 2023 | 3:06 pm

CGC

Canopy Growth Corporation has announced that cannabis gummies from Wana Brands are now available through its medical cannabis division, Spectrum Therapeutics. This follows an announcement in May that Canopy Growth has control of all distribution, marketing, and sales of Wana branded edible cannabis products in Canada. The company expects this addition to benefit its Canadian business and help grow Wana's market share in both the medical and adult-use markets.

Portfolio Pulse from Vuk Zdinjak

July 27, 2023 | 2:28 pm

CMCSA

DIS

Comcast's President has stated that a partnership with Disney on ESPN is 'very improbable'. He also discussed a potential bid for NBA.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 2:25 pm

MBLY

Mobileye Global Inc reported a Q2 FY23 revenue decline of 1% YoY to $454 million, beating the consensus of $451.7 million. The company's CEO expressed optimism about their partnership with Volkswagen Group. Despite this, MBLY shares traded lower by 4.28% at $38.71.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 2:07 pm