24/7 Market News Market Headlines Snapshot 7 Sept 2023

DENVER, Colo., Sept 7, 2023 (www.247marketnews.com)-

Lucy Scientific Discovery to Acquire High Times, Cannabis Cup, 420.com, and other Legendary Assets- Lucy Scientific Discovery (NASDAQ:LSDI) is acquiring all international and domestic rights of High Times, the most recognizable cannabis industry brand, including the Cannabis Cup and 420.com trademarks, and the Hightimes.com domain, in a transaction that can be settled by either stock or cash at Lucy Scientific’s discretion. Lucy Scientific Discovery plans to monetize the IP through current and planned royalty agreements across a myriad of licensing channels, further extending and enhancing the existing domestic and international licensing arrangements currently held by High Times, including consumer products, cannabis retail, cannabis wholesale, apparel, merchandise, delta 8 and delta 9, beverages. Lucy Scientific Discovery expects the transaction to close within the next two weeks, adding at least $10 million in revenue and $5 million in EBITDA to its FY 2024 results.

Asensus Surgical Collaborating with NVIDIA to Enhance Augmented Intelligence Capabilities of the ISU- Asensus Surgical, Inc. (ASXC:NASDAQ) will collaborate with NVIDIA (NVDA:NASDAQ) to accelerate the development of Asensus’s Intelligent Surgical Unit and improve its ability to deliver novel clinical intelligence to surgeons.

Ondas Holdings’ Airobotics Optimus 1-EX Drone Receives U.S. FAA Type Certification- Ondas Holdings Inc. (ONDS:NASDAQ) announced that the U.S. Federal Aviation Administration (FAA) granted its Optimus-1EX system a Type Certificate, which is recognized as the highest echelon of Airworthiness Certification and will streamline operational approvals for broad flight operations over people and infrastructure.

American Rebel/Champion Safe Fielding Dealer and Customer Calls following Liberty Safe Breach- American Rebel Holdings, Inc. (AREB:NASDAQ) reported that its safe subsidiary, Champion Safe (www.championsafe.com), has been bombarded with calls from safe dealers and customers looking for alternatives to safes made by Liberty Safe.

Nurix Forms Strategic Collaboration with Seagen to Advance an Innovative New Class of Cancer Therapeutics- Nurix Therapeutics, Inc. (NRIX:NASDAQ) stated that it entered into a multi-year, multi-target strategic collaboration agreement with Seagen Inc. to advance a new class of medicines called Degrader-Antibody Conjugates (DACs) for use in cancer. The collaboration between the two companies will focus on an innovative approach to combine two powerful technologies to target cancer—antibody-drug conjugation (ADC) and targeted protein degradation (TPD)—with the goal of creating drugs with new mechanisms of action as well as improved specificity and anti-cancer activity. Nurix will receive a $60 million upfront payment, in addition to the potential for approximately $3.4 billion in milestone payments plus future royalties.

Grom Social Enterprises is now Trading Post Stock Split- Grom Social Enterprises, Inc. (GROM:NASDAQ) approved a 1-for-20 reverse stock split of its common shares, primarily to remain compliant with Nasdaq’s minimum bid price requirement, and the Company’s common stock will trade on a post-split basis under the same symbol, GROM, commencing with the opening of trading on the Nasdaq Capital Market on September 7, 2023.

Wheeler Spinning Higher- Wheeler Real Estate Investment Trust, Inc. (WHLR:NASDAQ) is trading about 90% higher with its most recent announcement being the election of Dennis Pollack to the Company’s Board of Directors, earlier this week, along with his appointment to the Audit Committee of the Board.

Apple Shares are Down Over 3% in Premarket Trading- Apple, Inc. (AAPL:NASDAQ) shares are down over 3% with 45 under minutes before the open, on fears that Huawei’s Mate 60 Pro, which a faster smartphone, will muscle out some of Apple’s smartphone sales, as well as the CCP’s iPhone ban.

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