Streetbeat News

Partnerships

LULU

XPOF

Lululemon Athletica (LULU) and Xponential Fitness (XPOF) have renewed their partnership to expand digital workout offerings on the lululemon Studio platform. The deal will increase the number of workouts from Pure Barre, Rumble, AKT, and YogaSix, catering to customers seeking hybrid fitness options.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 3:36 pm

AIRC

Apartment Income REIT Corp (AIRC) has formed two joint ventures with real estate investors to recapitalize 11 properties valued at $1.2 billion. AIRC will hold a 53% stake in the first JV and a 30% stake in the second. The company will receive $600 million in proceeds and anticipates annual margins of $2.5 million from asset and property management fees.

Portfolio Pulse from Akanksha Bakshi

June 06, 2023 | 3:07 pm

TRSSF

TerrAscend Corp. has reintroduced Wana Brands products into the Maryland medical cannabis market in partnership with Wana Brands. TerrAscend serves as Wana's sole manufacturer, supplier, and commercialization partner in Maryland and plans to debut additional Wana flavors and formulas in the coming months.

Portfolio Pulse from Vuk Zdinjak

June 06, 2023 | 2:52 pm

AMZN

VSCO

Victoria's Secret & Co (VSCO) and Amazon (AMZN) have expanded their collaboration, with over 4,000 items from Victoria's Secret and PINK now available on Amazon Fashion. This marks the first time Victoria's Secret lingerie and apparel styles are available through a retail partner in North America.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 2:48 pm

TEVA

Teva Pharmaceuticals has been awarded a $64.35 million contract by the Department of Veterans Affairs for Glatiramer injections.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:35 pm

SBIG

springbig (NASDAQ:SBIG) has introduced a new integration with cannabis retail platform Cova, expanding its reach to over 2,000 dispensary locations in the US and Canada. The integration allows consumers to engage with rewards programs, redeem offers, and eliminates the possibility of fraud.

Portfolio Pulse from Vuk Zdinjak

June 06, 2023 | 2:22 pm

FARO

FARO Technologies has entered into a strategic partnership with HOLOGATE, a global leader in location-based virtual reality entertainment. The terms of the partnership have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:15 pm

HUMBF

Humble & Fume Inc. has entered into a partnership with EvoLife, manufacturer of the LocalsOnly Concentrate brand of cannabis products. Humble will be responsible for the exclusive distribution and sales of EvoLife's entire catalog, ensuring a wider audience for the products.

Portfolio Pulse from Vuk Zdinjak

June 06, 2023 | 2:08 pm

GIII

XELB

G-III Apparel Group reported Q1 FY24 sales decline of 11.9% Y/Y to $606.6 million, beating the consensus of $594.78 million. The company raised its FY24 sales and adjusted EPS outlook. GIII also disclosed a 25-year master licensing deal with Xcel Brands for the Halston business and its brands.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:07 pm

AAPL

U

Unity Software shares are trading higher after Apple announced a partnership with the company for Vision Pro.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:25 pm