Over the course of human history, there have been many collaborations that have tested the very fabric of time and space. Cain and Abel, Batman and Robin, and of course, the primordial combining of both the butter of peanut and the jelly. In more recent news, when one hears the name, “Elon Musk,” the first inclination is not to assume that the billionaire founder of Tesla (TSLA), The Boring Company, and SpaceX, would ever partner up with any entity that purports the military industrial complex. Well, sports fans, Musk’s latter venture, SpaceX, just announced its successful completion of launching the United States Air Force’s first Global Positioning System (GPS) III satellite.
According to official reports, the Air Force’s GPS III satellite, manufactured by everyone’s favorite government weapons contractor, Lockheed Martin (LMT), was encapsulated in a SpaceX rocket earlier in December, with the launch date set for Christmas Eve. GPS III SV01 was nicknamed “Vespucci” after Amerigo Vespucci, the Italian adventurer who accidentally discovered the new world and paved the way for conquistadors and colonizers hundreds of years ahead of his time. Disengaging from the political rhetoric, the US Air Force is launching Vespucci in an effort to upgrade the current “‘gold standard’ in positioning, navigation, and timing services for more than four billion users worldwide.”
For those unfamiliar with how GPS systems work, the quick and easy explanation is that when someone is trying to find their ‘global position,’ a signal will be sent from a smartphone or GPS-locating device, and the position of said device will be triangulated after the signal has been sent up to pinball of one of the GPS satellites in space. In addition to providing global citizens with improved ability to locate their Uber drivers, the USAF says GPS III will be used in conjunction with Space and Missile Systems Center’s SMC 2.0 which “focuses on innovation to deliver capability to the warfighter.”
In terms of the Air Force’s aforementioned focus on satellite improvements for the ‘warfighter,’ they are speaking in terms of providing the best possible equipment in the event that global warfare extends into the reaches of space. Several months ago, President Donald Trump decided that the United States should have, within its Air Force, a Space Force ready to be deployed in the event of literal Star Wars.
The official language of President Trump’s “Space Force” Memo states that:
“Pursuant to my authority as Commander in Chief…in consultation with the Secretary of Defense and the Chairman of the Joint Chiefs of Staff, I direct the establishment, consistent with United States law, of United States Space Command as a function Unified Combatant Command. I also direct the Secretary of Defense to recommend officers for my nomination and Senate confirmation as Commander and Deputy Commander of the new United States Space Command.”
–President Donald Trump “Test of a Memorandum from the President Regarding Establishment of Space Command
Taking all the news of the United States Space Command into consideration, SpaceX’s collaboration with the USAF indicates a dramatic shift in how tech industry wunderkinder have viewed traditional government institutions. Previously, individuals like Musk invented products and experimented with rockets to rebel against the government and innovate for the future without federal intervention.
Several months ago, Richard Branson, a different billionaire with creative ideas, launched his own commercial aircraft into space.
According to reports, the aircraft climbed over 52 miles of altitude and hit a top speed of Mach 2.9, or 2225.08 miles per hour for you non-aerospace plebeians. Continuing the brief aerospace lesson for a hot moment. When reports say SpaceShipTwo reached the “edge of space,” they are referring to the internationally recognized Karman line. Referencing the always faithful Wikipedia definition, the Karman line “lies at an altitude of 100km (62 miles, 330,000 ft) above Earth’s sea level and commonly represents the boundary between Earth’s atmosphere and outer space.” So, to put it nicely, the two astronauts aboard Virgin Galactic’s spacecraft didn’t quite reach space just yet.
Musk’s partnership with the United States Air Force reflects mood change that will hopefully see companies and governmental institutions work in tandem to create and invent to improve the lives of future generations.
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.
View Original Story On Forbes.com:
Search Stock Price (StockPrice.com)
Sponsored Content2 months ago
Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market
Featured5 months ago
Multi-Trillion Dollar Industry Providing Massive Opportunity in 2019 & Beyond
Cannabis4 months ago
Two Massive Growth Industries, One Choice for Investors
Biotechnology3 months ago
Big Investments Are Signaling The Green Light For A ‘Hot Market’ With Cancer-Fighting Stocks
Featured2 months ago
This New Technology Could Transform A Multi-Billion-Dollar Industry!
Cannabis3 months ago
A New Cannabis Trend That The Market Should Take Immediate Notice Of Is Here!
Biotechnology1 month ago
PharmaCyte Biotech (PMCB) and UTS Creating Advanced Version of Melligen Cells to Treat Diabetes
Biotechnology2 months ago
The Future Of Drug Delivery Has Biotech Investors Focusing On One Small Company