Streetbeat News

Partnerships

PVSP

Pervasip Corp. (OTCPK:PVSP) is expanding its Slurped nano cannabis beverages into the California market through its subsidiary Artizen Nano. The company has signed a letter of intent with MTN Group for manufacturing and distribution. However, Pervasip has terminated a previously proposed acquisition of BCCTG LLC and a partnership with KRTL Biotech as part of its strategic realignment.

Portfolio Pulse from Vuk Zdinjak

June 30, 2023 | 2:09 pm

ATXG

Addentax Group has announced a cooperation with certain Games-as-a-Service firms to launch a project focusing on the development of AI Online Operational Tools. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:07 pm

ATXG

EA

Addentax Group Corp. (NASDAQ:ATXG) has announced a partnership with certain Games-as-a-Service firms to develop Artificial Intelligence Online Operational Tools. The project aims to refine and update content within online games, optimizing commercialization strategies for gaming companies. The project team includes professionals from Tencent Holdings, LinkedIn Corporation, and Respawn Entertainment LLC (NASDAQ:EA). Addentax's CEO, Mr. Hong Zhida, sees this as a significant milestone in diversifying into AI-focused sectors.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:43 pm

AREC

Advanced Magnet Lab, Inc. (AML) has received a patent allowance for its innovative method of manufacturing magnets that contain both rare earth and non-rare earth elements. AML is an investment and offtake partner of American Resources Corporation (AREC).

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 1:31 pm

NVEI

Nuvei Corporation (NVEI) has announced a commercial partnership with CNBS Software, a provider of eCommerce and accounts receivable solutions for enterprises running SAP ERP. The collaboration aims to enhance payment processing capabilities for businesses using SAP ECC and S4 systems. CNBS will benefit from Nuvei's advanced payment solution, including card acquiring and ACH online bank transfers, and its experience in servicing ERP payment customers. The partnership will also provide CNBS with a wide range of payment methods and enhanced data security and fraud prevention.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:03 pm

DXC

ORCL

DXC Technology has expanded its strategic cloud Managed Service Provider (MSP) partnership with Oracle to deliver new application services powered by Oracle Cloud Infrastructure (OCI). The expanded partnership will enable DXC to provide transformation solutions faster, cheaper, and with lower risk. DXC's offerings will now include application services powered by OCI, which are economically difficult to deliver on other cloud platforms.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:37 pm

GAU

Galiano Gold Inc. has announced the award of a mining contract as it prepares to resume hard rock mining operations at its Asanko Gold Mine in Ghana in Q4. The mine is a 50/50 joint venture with Gold Fields Ltd. The company's new life of mine plan predicts an 8.5-year mine life with a net present value of $343 million. The annual gold production is expected to double from 2023's guidance of 100,000 – 120,000 ounces to 250,000 ounces per year from 2025.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:32 pm

CTMX

CytomX Therapeutics, Inc. (NASDAQ:CTMX) has announced a private placement agreement with BVF Partners L.P. for an initial investment of $30 million, potentially reaching up to $90 million. The funding is expected to extend CytomX's cash runway into the second half of 2025, allowing the company to reach multiple clinical milestones. The private placement includes the sale of pre-funded warrants to purchase up to 14,423,077 shares of common stock and accompanying Tranche 1 and 2 warrants to purchase up to 5,769,231 shares of common stock each.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:10 pm

APLD

HPE

Applied Digital Corporation (APLD) has announced a collaboration with Hewlett Packard Enterprise (HPE) to deliver AI cloud services. HPE will provide its supercomputers to support large-scale AI through Applied Digital's AI cloud service. Applied Digital will use HPE Cray XD supercomputers to enhance its AI Cloud service and support critical workloads such as AI, machine learning, and HPC tasks. The partnership comes as Applied Digital continues to expand its capacity pipeline for its HPC data centers.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:04 pm

CHPT

F

GM

HYMTF

TSLA

VWAGY

Volkswagen AG is in talks with Tesla, Inc to adopt its North American Charging Standard (NACS) technology. Volkswagen's charging network unit, Electrify America, has agreed to use the system. Other automakers and charging equipment makers, including Ford Motor Co, General Motors Co, and ChargePoint Holdings, Inc, have also signed up for Tesla's charging design. Volkswagen is considering implementing the NACS for its North American customers.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 12:03 pm