I wouldn’t go so far as to say that I am a person who is easily amused, but I will admit that certain technologies, which have become canon at this point in human history, still manage to invoke childlike bewilderment in my mind. For example, to this day I will gawk in sheer amazement at the sight of amateur magic tricks. It can be as simple as successfully finding my card, all prestidigitation astounds me. Let me clarify that the shock factor, for me, has nothing to do with the science behind the tricks, I’m well aware that science is all sleight-of-hand. It’s those moments where I let my guard down and stop trying to make rhyme or reason of what is happening in front of me and simply believe. When Google (GOOGL) launched the “Street View” function of Google Maps back in 2007, it was simply incredible. The very notion that Google (GOOGL) cars drove every street in the world, equipped with a 360-degree camera, and created a virtual map for navigators, travelers, and commuters everywhere, was mind-blowing for me.
Google (GOOGL) has since expanded its Street View program from streets around the world to virtually every reachable piece of land on the planet because of the Google Trekker program. The purpose of the program, which first began in 2011, was to allow everyday travelers to strap on the 44-pound device to their backpacks and carry the camera pack to places that Google Maps cars would have a difficult time reaching. According to Google Trekker testimonials, people and organizations have taken the backpack-sized mapping system everywhere from 3,000 feet up El Capitan in Yosemite to floating the canals of Venice to exploring the ancient city of Petra.
On Tuesday, after nearly eight years of travelers carrying around the 44-pound piece of tech, Google (GOOGL) announced changes to the Google Trekker camera in a blog post:
“Over the years, we’ve gathered feedback from people and our partners who have used the Trekker around the world. Today, we’re upgrading the Trekker so that our partners — like tourism boards, airports, and transit operations — can better capture places and their stories. The new Trekker has a sleeker design and is lighter in weight, making it easier to carry. The camera has also been updated with increased aperture and higher resolution sensors that will capture sharper imagery.”
–Danny Cheung, Technical Program Manager, Google Street View
In addition to Google’s (GOOGL) announcement of the lighter, sleeker design for Google Trekker, the company announced their new “trekker loan program” which will allow anyone to apply for a Trekker “to capture high-resolution imagery to share the stories of places they love with the world on Street View.” After analyzing the Trekker loan program application, I have come to the conclusion that acquiring one of these devices for my morning commute is not the purpose of the program. What can I say, I really want to test one of these things out.
Similarly to previous iterations of Google Trekker, the new version can be attached to any vehicle imaginable. Google boasts that “cars, boats, or even ziplines” can be used with Trekker.
In an industry wrought with data breaches, elderly governing officials’ misunderstanding of technology and its purposes, Google (GOOGL) remains one of the top contenders for creating products to bring society seamlessly into the future. Even though I am disappointed that I cannot obtain a Google Trekker, the new device will help future generations navigate the planet with ease.
Advanced Micro Devices (AMD)’s FALL IN REVENUE JUST A HITCH
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a slump in its revenue in Q2. Management also alerted of the company’s top-line growth to be in mid-single-digit for the year. AMD stock was quick to be sold at the signs of distress amidst other chip stocks. But, this distress is not something that would last long and is just a short-term hitch.
Can AMD Stock Price Come Back Stronger?
The revenue decline was over 13% annually and operating margins have shriveled by 4%. This bust can be credited to the inventory of graphics card channel that stood oversupplied due to the failure of crypto-currency. The company’s expected revenue for Q3 is $1.8 billion at the mid-point of its guidance range. Even though this figure is an increase (9%) as compared to the previous year’s figure, it fails to live up to Wall Street’s expectation of $1.94 billion.
The sagging to-line growth is due to the slow demand of the company’s semi-custom chips, as claimed by AMD’s CFO Devinder Kumar. Due to the upcoming launch of next-generation hardware next year by both Sony and Microsoft, the demand for gaming consoles has gone down currently as more and more game enthusiasts are holding off buying the gaming console.
This has largely affected AMD stock price due to the simple reason that the semi-custom chips that the company manufactures are actually used by Sony and Microsoft for their gaming consoles. Due to the fall in current demand, Sony announced a cut in its fiscal 2020’s sale forecast for PlayStation 4, thereby reducing the order of the semi-custom chips. However, with the launch of next-generation gaming hardware, business for AMD is likely to rapidly pace up again.
Moreover, the company is also making successful strides in its other segments like the Ryzen processors becoming a catalyst for AMD in the CPU space. The launch of AMD’s latest 7-nanometer Ryzen CPUs with their superior performance and lower power consumption would likely gain more market share for the company. Rome, AMD’s new server processor, has also started being shipped and would make its space in the server market. Also, the revenue from AMD’s GPU has also increased in double-digit percentage.
Keeping all these in mind, the slump in Q2’s revenue of the company does seem like a minor bump in the bright road of the company’s future.
ParcelPal + Aphria: A Match Made In Canna-Heaven?
If you hadn’t heard the news yet, ParcelPal (PKG) (PTNYF), a company we’ve been covering for months, has closed a deal of potentially epic proportions. This morning the company announced that it had inked an agreement with one of the largest cannabis companies on the planet, Aphria (APHA).
Yes, this is the same Aphria that just reported quarterly revenues of $128.6 Million. It’s the same Aphria that saw revenue grow 969% from its prior year. And it’s the same Aphria that sold over 1,400 kg equivalents for medical cannabis sales in the quarter…and this is where ParcelPal comes in!
Considering that Aphria’s average price for medical cannabis for the quarter was $7.66 per gram, that means Aphria sells 1 KG for around $7,600…now do the math on what they reported JUST FOR THE QUARTER! ParcelPal now taps directly into that business line.
Now, distribution and delivery will commence in Calgary, Alberta, at first but expansion into other areas is expected to follow shortly.
“The legal cannabis space continues to serve as a sector filled with significant growth potential for ParcelPal. Management believes that we are launching our legal cannabis delivery platform at the ideal time as legislation across the country continues to expand the addressable cannabis marketplace. We expect to leverage numerous business opportunities in the upcoming year. We look forward to establishing ourselves as a market leader in the cannabis delivery space and capturing meaningful market share in 2019 and beyond.”Kelly Abbott, president and CEO of ParcelPal
ParcelPal Continues To Expand
This isn’t the only thing in the pipeline for ParcelPal either. Even with the sheer size and scope of this deal with Aphria, don’t forget that the company has also been building up other assets as well.
One of the bigger deals closed in 2019 was between ParcelPal (PTNYF) (PKG) and Yield Growth! The deals forms an alliance between the two companies for same-day and on-demand delivery, sale, of hemp-based cosmetics from Yield Growth’s subsidiary Urban Juve in Canada.
The New Market Reach Could Be Unparalleled
Urban Juve hemp products are currently sold in over 90 locations including well-known pharmacy chains across North America, with a plan to expand that to 130 retail outlets in the near future.
Customers will be able to track their purchase in real-time and have their product delivered to any location they specify. As time and regulations allow, ParcelPal’s cannabis network will continue to grow, with the goal of capturing a major piece of Canada’s $5.2 B legal cannabis market.
ParcelPal also formally announced that it will be integrating with Shopify (SHOP) to offer cannabis products to customers of Shopify shops. This will be available in Vancouver, Calgary, and Saskatchewan. Customers ordering from Shopify stores in these areas will be able to receive cannabis at their own homes.
“Shopify is the main e-commerce platform in Canada for cannabis. Our integration onto the Shopify platform allows us to easily integrate and begin executing within the space.”ParcelPal’s President and CEO Kelly Abbott told Benzinga
Two of the company’s current clients (Choom Holdings and Kiaro) already have been established on the Shopify platform. The move, as the company puts it, will “give them an omnichannel approach to their sales. This will give us access to the recreational and medical market.”
For the full ParcelPal release, Click Here.
The Biggest Deal Yet?
ParcelPal (PTNYF) (PKG) could already be grabbing first-mover advantage when it comes to taking on the global arena. Surely, there are already billions being invested in the startups of tomorrow. As these companies “prepare,” ParcelPal is already entering into key verticals, aligning with major companies like Amazon, Shopify, Yield Growth, Cowbell, and now one of the biggest cannabis companies in the world, Aphria.
The company is also expanding the technology of its application to deliver a seamless customer experience for a country that is just beginning to find out what on-demand services are! But this latest deal with Aphria could set the company head and shoulders above the competition. due to the fact that this is
With the feverish pitch that the global on-demand industry is set to see, can you afford to miss out on something for which early adopters are already earmarking billions of dollars for massive future growth?
FORBES Scoop: Aphria (APHA) Signs New Cannabis Delivery Partnership In Canada
NYSE-traded cannabis company Aphria Inc. (NYSE: APHA) (TSX:APHA) and ParcelPal Technology Inc. (CSE: PKG) (OTC: PTNYF) will be announcing later today a strategic partnership for the delivery of the former’s medical cannabis products.
According to information procured exclusively, ahead of a press release hitting the wire later today, distribution and delivery will commence in Calgary, Alberta, but expansion into other areas is expected to follow shortly. Aphria will be providing the cannabis products and online point of sale, while ParcelPal will be in charge of distribution, leveraging its delivery apps. Patients will also be able to track their deliveries in real time.
Commenting on the deal, Brian Storseth, Chairman of the Board of ParcelPal, said, “We are thrilled to be working with Aphria, one of the largest LPs in Canada, and a major international player in the cannabis industry, by offering them and their clients access to deliveries starting with Calgary, Windsor and Toronto and expanding from there across Canada.”
In addition to providing easy access to medication, Aphria Inc and MADD Canada believe this partnership “will furthermore assist in eliminating impaired drivers from our roadways by removing their need to drive to or from cannabis stores for product,” ParcelPal said in a press release.
Kelly Abbott, president and CEO of ParcelPal added, “The legal cannabis space continues to serve as a sector filled with significant growth potential for ParcelPal. Management believes that we are launching our legal cannabis delivery platform at the ideal time as legislation across the country continues to expand the addressable cannabis marketplace. We expect to leverage numerous business opportunities in the upcoming year. We look forward to establishing ourselves as a market leader in the cannabis delivery space and capturing meaningful market share in 2019 and beyond.”
Earlier this year, ParcelPal announced it was launching an integration with Shopify Inc (NYSE: SHOP)’s digital platform, allowing users to order cannabis products from all Shopify shops available in Vancouver, Calgary and Saskatchewan, and have them delivered at their homes.
Just a couple weeks later, the company said it had struck a similar, non-cannabis deal with Ontario-based craft brewery Cowbell Brewing Co.
For its part, Aphria has been up to quite a lot in recent months, reporting a Q4 net revenue increase of 969 percent year-over-year earlier this month, announcing its expansion into Jamaica, partnering up with Pax Labs, and more.
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