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Donald Trump Jr's Drone Bet, Canadian Cannabis Sales Growth, And Rumble's Bitcoin Ambitions
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Donald Trump Jr Is Backing A Publicly Traded Drone Company
Unusual Machines (NYSE: UMAC) announced that Donald Trump Jr will join the company as an official advisor. Manufacturing drones in the United States of America has become a hot political topic, as much of the drone supply within North America currently comes from foreign countries such as China.
The Next Canadian Cannabis Giant In The Making?
Simply Solventless (TSXV: HASH) announced their most recent quarterly financials, which saw a meaningful uptick in cannabis sales growth. The company owns multiple retail brands focused on high potency concentrates and vape cartridges, and has been one of the few early stage publicly listed cannabis companies in North America to successfully continue to scale up sales.
Rumble Is Ready To Put Millions Into Bitcoin
Rumble (NASDAQ: RUM) announced plans to allocate up to $20 million of their excess cash into purchasing Bitcoin to hold directly as an asset. Rumble has become a prominent player in the movement towards protecting free speech, which has won them a large following of individuals who are passionate about decentralization and the future of Bitcoin
The Sprint
Elon Musk announced that his artificial intelligence startup xAI plans to launch a gaming studio to build new video games that leverage generative artificial intelligence technology.
Marathon Digital (NASDAQ: MARA) made multiple new purchases of Bitcoin to hold directly as an asset, bringing their total to 34,794 BTC.
NANO Nuclear Energy (NASDAQ: NNE) raised $60 million in a new financing round, bringing their cash position to approximately $125 million despite only being a public company for six months.
Cipher Mining (NASDAQ: CIFR) purchased a new data centre located in West Texas to expand their operations.
WeRide (NASDAQ: WRD) announced they are getting ready to launch their robotaxis on the Uber (NASDAQ: UBER) ridesharing app in the United Arab Emirates.
Intchains Group (NASDAQ: ICG) purchased 915 more Ethereum to hold directly as an asset, bringing their holdings to over 5,000 Ethereum.
Brazil Potash (NYSE: GRO) raised $30 million in their IPO and officially began trading on the NYSE.
The Markets This Week
+325.7% | Unusual Machines (NYSE: UMAC) announced that Donald Trump Jr, who was an existing investor in the company, will join as an official advisor.
+75.3% | Rigetti Computing Inc. (NASDAQ: RGTI) successfully completed their $100 million at-the-market equity financing earlier this week. The funds will go towards accelerating the development of their full-stack quantum computing systems.
+58.4% | Archer Aviation (NYSE: ACHR) previously announced a partnership with Southwest Airlines to focus on accelerating the development of regional networks for electric air taxis.
+43.6% | Blade Air Mobility (NASDAQ: BLDE) had previously expanded their partnership with Qatar Airlines to enable any passenger travelling with Qatar Airlines to seamlessly fly from Nice, France to Monaco on a single ticket.
+31.2% | Red Cat Holdings (NASDAQ: RCAT) won the United States Army Short Range Reconnaissance Program of Record contract to supply them with drone systems earlier this month.
+26.2% | Joby Aviation (NYSE: JOBY) recently announced that Toyota Motor Corporation will invest an additional $500 million into electric vertical takeoff and landing aircraft company.
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