TLDR – TDR News highlights – February 21st to 22nd
Get a quick update with today’s TDR News! We’ve condensed the most important information about Cannabis, Psychedelics, Crypto, AI and Largest Dollar Volume Mega Caps into a brief format, saving you time and keeping you informed as you start your day.
Cannabis Capital Markets:
Tilray Brands, Inc. (NASDAQ: TLRY, TSX: TLRY), announces that its subsidiaries, 10 Barrel Brewing Co. and Widmer Brothers Brewing, have become the official craft beer partners of the Portland Timbers through a multi-year deal that introduces the first standing room only section and various fan engagement features at the stadium.
Cannabis Policy:
California’s Department of Cannabis Control launched a comprehensive online marijuana dashboard offering detailed data on sales, pricing, licensing, and harvests to inform consumers, stakeholders, and lawmakers about industry trends.
The Arkansas Advocate reports that Arkansas Attorney General Tim Griffin has approved revised language for a November ballot initiative aimed at expanding medical marijuana access, allowing signature collection to begin for measures including home cultivation and broader qualifying conditions.
Cannabis News and Studies:
Like food, with cannabis you just can’t trust the government to protect you….
The Wall Street Journal reports that despite marijuana legalization, users face health risks from contaminants like mold, pesticides, and heavy metals, with varying state regulations and a lack of federal oversight contributing to the issue.
“Outside” reports new research indicating that cannabis use does not enhance, and may actually impair, endurance performance, challenging previous notions and highlighting the complexity of its effects on athletes.
A study comparing THC and LSD’s effects on neural complexity found THC does not share the psychedelic properties of LSD based on brain activity.
Crypto:
The approval of Ether exchange-traded funds in the US could exacerbate the Ethereum ecosystem’s concentration problem, potentially leading to operational risks due to the centralization of staked tokens with a few providers, according to S&P Global.
Hack VC secured $150M to invest in early-stage crypto and AI startups, with a focus on DeFi, RWA tokenization, blockchain infrastructure, and projects improving scalability, security, and usability. Read all about it on the TDR Website!
AI:
Nvidia Corporation (NVDA) announced that it will integrate Google’s new Gemma AI model technology into its “Chat with RTX” app, optimizing it for PCs with Nvidia GPUs to enhance user interaction with personal files securely and privately.
The Google One AI Premium plan now offers Gemini integration in Gmail, Docs, Slides, Sheets, and Meet to enhance productivity and creativity, available in over 150 countries for $19.99/month, including additional benefits like 2TB storage and a two-month free trial.
Big $ Volume Big Caps
Nvidia record-breaking $22.10 billion revenue, driven by its dominance in the AI market, successfully navigates export restrictions. Read all about it on the TDR Website!
Media companies are implementing layoffs to cut costs and improve profitability, as challenges in streaming profitability and market shifts lead major firms like Paramount, Google and Disney to reduce their workforce. Read all about it on the TDR Website!
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