Stocks Taking Flight, Riding SaaS Waves, or Banking on a the Mean Green

September 2, 2025

DENVER, Colo., Sep 02, 2025 (247marketnews.com)- From air traffic modernization to AI-fueled M&A and the first fully managed cannabis banking solution, here’s your late morning rundown of what’s moving the tape.

Actelis Networks (NASDAQ:ASNS) secured a strategic $500,000 contract from the Federal Aviation Administration (FAA) as part of a broader $12.5 billion modernization effort funded under the recently passed “One Big Beautiful Bill”. The legislation allocates $4.75 billion to telecommunications infrastructure, opening the door for Actelis’ MacSec-encrypted hybrid-fiber technology to play a key role in the FAA’s transition to cyber-hardened, fiber-grade communications.

This initial deployment enables Actelis to showcase its ability to upgrade legacy systems overnight, offering significant cost savings and faster deployment compared to full fiber installations. CEO Tuvia Barlev emphasized the urgency: “Recent communication disruptions at major airports have highlighted the need for secure, immediate networking solutions.”

TEN Holdings (NASDAQ:XHLD) is doubling down on its digital pivot with the Early Adopter Program for Ten Events Pro (Ten Pro), a cloud-native SaaS platform aimed at revolutionizing virtual and hybrid event production.

Launched in July 2025, the beta program offers enterprise clients exclusive early access to a platform promising real-time control, broadcast-quality visuals, and low-cost scalability. Unlike traditional production services, Ten Pro emphasizes automation and margin expansion, a potential game-changer for the Company’s revenue mix.

With an official public launch slated for early 2026, XHLD is positioning itself for high-margin SaaS revenue while expanding beyond its core event services business.

TELUS Corporation (NYSE:TU) is set to acquire the remaining shares of TELUS Digital (NYSE:TIXT) for US$4.50 per share, valuing the deal at US$539 million. The Special Committee of TELUS Digital has unanimously recommended the transaction, which offers a cash, stock, or hybrid option for shareholders.

CEO Darren Entwistle stated the acquisition would accelerate AI and SaaS transformation across TELUS’s businesses, including telecom, health, agriculture, and fintech. With TELUS Digital already serving key verticals like media and communications, this move is expected to drive operational integration and global product expansion.

The offer reflects a 32% premium to the original proposal from June, following feedback from minority shareholders and negotiations with independent directors. Shareholders now have a clear path to immediate liquidity or future upside via TELUS equity.

Safe Harbor Financial (NASDAQ:SHFS) launched the industry’s first fully managed cannabis banking program, offering turnkey compliance and operations outsourcing for banks and credit unions hesitant to serve the cannabis market directly.

CEO Terry Mendez framed it as the answer to years of compliance friction: “We’re making it easier than ever by offering our fully managed model… without the burden of risk, overhead, or reputation management.”

Key features include:

  • Safe Harbor-branded operations, shielding partner institutions from reputational risk
  • Direct cannabis deposit growth through managed onboarding
  • Full outsourcing of BSA/AML, reporting, servicing, and marketing

With $26 billion in deposits already processed and operations spanning 41 U.S. states and territories, SHFS is scaling a model it has quietly perfected since 2015.

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