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Canadian Public Companies Are Stacking Bitcoin, The New Energy Drink Empire, And WELL Health's Billion Dollar Run Rate

Canadian Public Companies Are Stacking Bitcoin, The New Energy Drink Empire, And WELL Health's Billion Dollar Run Rate

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November 09, 2024

Public Companies In Canada Keep Buying Bitcoin

Canadian public companies have been making a flurry of Bitcoin buys to hold the cryptocurrency as an asset on their balance sheets. The moves mark a groundbreaking shift in capital markets strategy and could significantly change the future of the available supply of Bitcoin.

Dwayne Johnson’s Energy Drink Is Big Business For Molson Coors

Molson Coors (NYSE: TAP) has officially acquired a majority equity stake in energy drink brand ZOA Energy. Co-founded by actor and entrepreneur Dwayne Johnson, ZOA has quickly risen to enormous popularity within North America to become one of the fastest growing energy drink brands ever.

WELL Health Technologies Hits A Billion Dollar Run Rate

WELL Health Technologies (TSX: WELL) has officially hit a $1 billion annual run rate across all of their operations for the first time ever. The company has become one of the singular most important healthcare companies in Canada and has had a rapid ascension to prominence, making a flurry of deals since initially going public that have included acquisitions from Shoppers Drug Mart and Jack Nathan clinics within Walmart stores.

The Sprint

Coinbase (NASDAQ: COIN) has now seen more than $1 billion in total inflows into Coinbase Wrapped Bitcoin since initially being launched onto the Base and Ethereum blockchains.
IonQ (NYSE: IONQ) entered into an agreement to acquire California based quantum networks company Qubitekk.
NANO Nuclear Energy (NASDAQ: NNE) invested $2 million into the seed round of LIS Technologies, which is focused on laser isotope separation technology.
Bloom Energy (NYSE: BE) is supplying fuel cells to a new project which is the largest single-site fuel cell installation ever and is located in South Korea.
Meta Platforms (NASDAQ: META) and Scale AI have partnered together to develop a new large language model for the United States Department of Defense.
FREYR Battery (NYSE: FREY) announced a new deal to buy Trina Solar’s United States based solar module manufacturing facilities for $340 million.
XPeng (NYSE: XPV) officially debuted their first ever humanoid robot. Known as Iron, the robot is manufactured with 60 individual joints to increase mobility.
Wheaton Precious Metals (NYSE: WPM) announced new record breaking quarterly cash flow from their operations.
PharmAla Biotech Holdings (CSE: MDMA) was selected to be the official supplier of MDMA for an upcoming clinical trial to be conducted at Yale University.

The Markets This Week

+66.9% | IonQ (NYSE: IONQ) has been making a flurry of recent moves in the quantum computing space, including earning contracts with the US Air Force and a research partnership the University of Maryland.

+50.8% | Galaxy Digital Holdings (TSX: GLXY) was included as a strategic launch partner of the Global Dollar Network which is aiming to accelerate the adoption of stablecoin technology.

+33.1% | TeraWulf (NASDAQ: WULF) previously raised half a billion dollars to fund Bitcoin mining expansion and scale up their infrastructure for high performance computing and artificial intelligence cloud computing.

+27.4% | Robinhood Markets (NASDAQ: HOOD) recently made waves when they became the first brokerage to ever allow users to bet on the outcome of the presidential election, which debuted with enormous excitement and led to the trading of over 200 million contracts in a matter of days.

+26.9% | HEALWELL AI (TSX: AIDX) expanded their partnership WELL Health (TSX: WELL) to be able to vertically integrate future clinical trials into their clinic locations across Canada.

+26.3% | Provenance Gold (XSE: PAU) recently secured funding to advance exploration plans at their flagship Eldorado gold project in Oregon.

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