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CEA Industries Inc. Signs Agreement to Acquire Leading Canadian Vape Retailer and Manufacturer, Fat Panda Ltd.

Louisville, Colorado, Feb. 12, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced that it has signed an agreement to acquire Fat Panda Ltd. (“Fat Panda”), a leading Canadian retailer and manufacturer of nicotine vape products, for an aggregate purchase price of CAD $18 million (USD $12.6 million) payable at closing. The Company will pay the purchase price with a combination of cash, CEA Industries common shares, and seller and bank debt. The structure of this accretive acquisition is designed to have minimal dilution to CEA Industries’ shareholders.

Fat Panda is central Canada’s largest retailer and manufacturer of e-cigarettes, vape devices and e-liquids, with a market share exceeding 50% in the region. The company operates 33 retail locations, including 29 Fat Panda stores and four Electric Fog vape outlets, in the provinces of Manitoba, Ontario and Saskatchewan. Fat Panda also serves a wide range of customers through its online e-commerce platform. Its retail footprint is complemented by a comprehensive portfolio of products, including its own line of premium e-liquids manufactured in-house, along with a robust portfolio of trademarks and intellectual property.

Since its inception in 2013, Fat Panda has established a strong foundation that has fueled its growth in the vape industry and has positioned the Company for sustained expansion. By strategically locating retail stores in high-traffic areas and developing a robust e-commerce platform, Fat Panda has achieved broad market reach and customer accessibility. Its in-house product development also enables a diverse and cost-effective product portfolio that adapts to evolving consumer preferences. Additionally, Fat Panda benefits from strong supplier partnerships and management expertise in navigating complex regulatory frameworks, which reinforces its operational resilience and compliance. Given the continuity of management at Fat Panda, combined with the leadership and financial strength of CEA Industries, the Company believes Fat Panda is well positioned for continued success and further growth and profitability.

“CEA Industries has long been active in the Canadian market, and we are pleased to take the next step in our evolution with this acquisition of Fat Panda, marking our entrance into the high-demand Canadian vape industry,” said Tony McDonald, Chairman and CEO of CEA Industries. “Fat Panda’s market leadership in central Canada, supported by its network of 33 stores and a vertically integrated product portfolio, reflects a solidified business with strong fundamentals and a proven track record of double-digit revenue growth, consistent profitability, and positive cash flow. By combining our expertise and resources with Fat Panda’s established operations, we plan to accelerate its expansion and deepen its presence in the Canadian market to create long-term, sustainable value for our shareholders.”

CEA Industries plans to leverage its balance sheet and the market position of Fat Panda to support the strategic expansion of Fat Panda’s retail and wholesale operations. This includes acquiring additional store locations and launching de novo stores, allowing the Company to reach untapped markets and improve accessibility for its customers. Further, CEA Industries intends to scale Fat Panda’s manufacturing operations, which produce house-brand and white-label vape products for other retailers. The Company believes these strategic initiatives will enable it to build on Fat Panda’s solid foundation, accelerate growth, and enhance profitability and operational excellence.

The acquisition will continue the employment of the current management and of the production and retail staff, for the uninterrupted, continuous operations of the business. Certain of the senior management persons will enter into employment agreements for their continued employment after the closing of the acquisition.

The Company expects to complete the acquisition in the first half of 2025, subject to certain customary closing conditions described below.

For more information, please reference the Company’s 8-K filed today, February 12, 2025, with the Securities and Exchange Commission.

Acquisition Disclaimers

Completion of the acquisition is subject to a number of conditions, which include the preparation of the Fat Panda companies and delivery of audited and unaudited interim consolidated financial statements, satisfaction of the financial condition of Fat Panda, completion of due diligence by the Company, receipt of all necessary government approvals and licenses, and continuation and reformation of the various retail location leases. Completion is also subject to the Company obtaining financing for a portion of the cash purchase price. The acquisition agreement also provides for the selling persons to make representations and warranties and undertake certain covenants about many aspects of the business of Fat Panda that shall be true and correct and performed at or prior to closing. The representations, warranties and covenants are those that are typical in relation to the acquisition of an operating business. The Company has also made certain representations, warranties and covenants, the principal one of which is to obtain financing for a part of the purchase price, which if not obtained will permit the Company to terminate the purchase agreement.

About CEA Industries Inc.

CEA Industries Inc. (www.ceaindustries.com) provides a suite of complementary and adjacent offerings to the controlled environment agriculture industry. The Company’s comprehensive solutions, when aligned with industry operators’ product and sales initiatives, support the development of the global ecosystem for indoor cultivation.

Forward Looking Statements

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Investor Contact:

Sean Mansouri, CFA
Elevate IR
[email protected]
(720) 330-2829



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Kuehn Law Encourages IPG, SDIG, TGI, and WMPN Investors to Contact Law Firm

NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.

Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:


  • The Interpublic Group of Companies, Inc. (NYSE: IPG)


    Click to Take Action


    The Interpublic Group of Companies, Inc. has entered into a definitive agreement with Omnicon for 0.344 Omnicon shares for each share of Interpublic common stock. After closing, Omnicom shareholders will own 60.6% and Interpublic 39.4% of the combined company on a fully diluted basis.


  • Stronghold Digital Mining, Inc. (NASDAQ: SDIG)


    Click to Take Action


    Stronghold Digital Mining, Inc. has agreed to be acquired by Bitfarms Ltd. for 2.52 shares of Bitfarms for each share of Stronghold. After closing, Stronghold stockholders will hold just under 10% of the merged company.


  • Triumph Group, Inc. (NYSE: TGI)


    Click to Take Action


    Triumph Group, Inc. has entered into a definitive agreement with Warburg Pincus and Berkshire Partners for $26.00 per share in cash. Upon completion of the transaction, Triumph will become a privately held company under joint control of the two equity firms.


  • William Penn Bancorporation (NASDAQ: WMPN)


    Click to Take Action


    William Penn Bancorporation has agreed to be acquired by Mid Penn Bancorp, Inc. for 0.4260 shares of Mid Penn common stock for each share of William Penn common stock.

Why Your Participation Matters:


SHAREHOLDER CASES: ADDRESSING THE INJUSTICE

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™

How to Get Involved:

Kuehn Law is dedicated to safeguarding shareholder interests. Concerned shareholders are encouraged to contact the Firm at [email protected] or call (833) 672-0814. Kuehn Law covers all case costs and does not charge its investor clients. Shareholders are advised to act promptly, as legal rights may be time-sensitive. For additional information, please visit Merger Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:

Moon K. Young        
Chief of Operations
Kuehn Law, PLLC
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814



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Jewett-Cameron Launches MyEcoWorld® Pet Waste Bags In-Store at Tops Friendly Markets in Northeast

  • MyEcoWorld® available in 59 Tops Friendly Markets by end of February 2025
  • Expansion into grocery is a significant
    milestone for less seasonal product line for Jewett-Cameron
  • Grocery retailers responding to environmentally conscious consumers and growing plastic bans
  • Extensive certifications of MyEcoWorld® give consumers confidence that environmental claims are verified

NORTH PLAINS, Ore., Feb. 12, 2025 (GLOBE NEWSWIRE) — Jewett-Cameron Trading Company Ltd (Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, is excited to announce the expansion of MyEcoWorld® Pet Waste Bags into 59 Tops Friendly Markets across the Northeast starting late February 2025. 

Grocery retailers are recognizing the shift in consumer preferences toward environmentally responsible choices, and MyEcoWorld® stands out as a leader in providing certified compostable alternatives. Headquartered in Amherst, New York, Tops Friendly Markets operates 150 full-scale supermarkets in New York, Vermont and Northern Pennsylvania. 

“The increasing interest from retailers reflects the strength of our product offerings and our strategic focus on growth sectors aligned with consumer demand for sustainable solutions,” said Mike Siuda, Vice President of Sales and Marketing at Jewett-Cameron. “Our commitment to quality and environmental stewardship supports our retail partners and broader business objectives.”

As the exclusive representative for MyEcoWorld® in the United States and Canada, Jewett-Cameron is proud to bring these innovative products to the growing market of environmentally conscious consumers. According to the “Plastic Bag Bans Work” report by Environment America Research & Policy Center and U.S. PIRG Education Fund (January 2024), plastic bag bans have surged over the past decade, with the percentage of the U.S. population covered by statewide bans rising from 12% to 25% between 2020-2024. Currently, 12 states have enacted statewide bans, and over 500 municipalities across 28 states have local plastic ban ordinances in place.

In an industry often criticized for greenwashing, MyEcoWorld® sets a benchmark with its comprehensive certification standards. The brand’s commitment to environmental integrity is reflected through a range of globally recognized certifications, including the Silver Ecovadis Certification, the Global Recycled Standard (GRS) for PCR verification, and the BPI Certification, widely regarded as North America’s highest standard for compostable products. Alongside pet waste bags made with certified compostable materials, MyEcoWorld® offers 3-gallon and 13-gallon certified compostable food waste bags, designed for effective household food waste management and composting.

Certifications play a pivotal role in today’s sustainability landscape, serving as trusted indicators of environmental performance and authenticity. Unlike unverified environmental claims, certified products undergo rigorous independent testing and evaluation to meet stringent environmental and safety criteria. By holding these prestigious certifications, MyEcoWorld® demonstrates an unwavering commitment to sustainability, offering transparency and fostering trust among consumers, retailers, and investors. This dedication not only helps combat greenwashing but also reinforces the brand’s position as a reliable choice for those seeking genuinely eco-friendly products. 

“Not all alternatives to traditional plastic bags are created equal and we are proud to offer a truly sustainable innovative product line that gives consumers an opportunity for environmentally responsible purchases without compromising quality performance,” said Chad Summers, CEO and President of Jewett-Cameron. “This product line opens up new sales channels with a less seasonal product and also offers recurring sales to a different customer base than our steel and fence products customers.”

This retail expansion highlights the growing adoption of MyEcoWorld® and Jewett-Cameron’s commitment to delivering innovative, sustainable solutions that replace conventional single-use plastics. This expansion into a major grocery chain represents a significant milestone in the company’s efforts to support a more sustainable future. 

About Jewett-Cameron Trading Company

Jewett-Cameron Trading Company Ltd. (Nasdaq: JCTC) is a trusted provider of innovative, high-quality products that enrich outdoor spaces. Jewett-Cameron Company’s business consists of the manufacturing and distribution of patented and patent-pending specialty metal and sustainable bag products and the wholesale distribution of wood products. The Company’s brands include Lucky Dog® for pet products; Jewett Cameron Fence for brands such as Adjust-A-Gate®, Fit-Right®, Perimeter Patrol®, Euro Fence, Lifetime Steel Post®, and Jewett Cameron Lumber for gates and fencing; MyEcoWorld® for sustainable bag products; and Early Start, Spring Gardner, Greenline®, and Weatherguard for greenhouses. Additional information about the Company and its products can be found on the Company’s website at www.jewettcameron.com

About MyEcoWorld®

MyEcoWorld® is a sustainability-focused brand exclusively represented in North America by Jewett-Cameron Company. MyEcoWorld® is dedicated to creating innovative products that make a tangible, positive difference for the planet; MyEcoWorld® empowers consumers to make eco-friendly choices in their daily lives. Our mission is to transform the market with products that balance high performance, affordability, and sustainability, supporting a greener future for generations to come. MyEcoWorld® product lines include compostable bags made with 30% corn and other certified compostable materials to meet rigorous environmental standards and Post-Consumer Recycled (PCR) bags certified to the Global Recycled Standard (GRS). These products, which include food waste bags, yard waste bags, and pet waste bags, are designed to offer puncture resistance, odor control, leak-proof reliability, and versatility for various waste management needs. At MyEcoWorld®, we strive to create a circular economy, reduce landfill waste, and educate consumers about eco-friendly practices, making sustainable living accessible and impactful for all. For more information, visit www.myecoworld.com

Forward-looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words like “plans”, “expects”, “aims”, “believes”, “projects”, “anticipates”, “intends”, “estimates”, “will”, “should”, “could” and similar expressions in connection with any discussion, expectation, or projection of future operating or financial performance, events or trends. Forward-looking statements are based on management’s current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, including but not limited to, the fact that our business is highly competitive, we are continually seeking ways to expand our business, we may seek additional financing or other ways to expand operations and improve margins, the uncertainties of the Company’s new product introductions, the risks of increased competition and technological change, customer concentration risk, supply chain delays, governmental and regulatory risks, as well as the other risk factors that are set forth in more detail in our Annual Report on Form 10-K and other documents filed with the SEC. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We may not actually achieve the goals or plans described in our forward-looking statements, and investors should not place undue reliance on these statements. Any forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Contact

Robert Blum
Lytham Partners
Phone: (602) 889-9700

[email protected]



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NextNav Names Renee Gregory as Vice President of Regulatory Affairs

Brings extensive legal, policy, and spectrum expertise to lead NextNav’s regulatory strategy

RESTON, Va., Feb. 12, 2025 (GLOBE NEWSWIRE) — NextNav Inc. (NASDAQ: NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, announced the appointment of Renee Gregory as NextNav’s Vice President of Regulatory Affairs. In this newly created role, Ms. Gregory leads the company’s FCC regulatory approval process and compliance work. Her experience and expertise will be integral to meeting NextNav’s commitment to providing next-generation location technologies and providing a robust terrestrial complement and backup to GPS to meet an urgent national security need.

“Renee’s appointment as NextNav’s Vice President of Regulatory Affairs will help the company deliver on its long-term mission to solve a pressing national security need,” said NextNav Chief Executive Officer Mariam Sorond. “Her decades of experience in policy and spectrum will be instrumental in shaping our regulatory strategy and delivering a wide-scale terrestrial PNT solution.”

Ms. Gregory brings over 20 years of experience in both government and the private sector. At the federal level, she has served as Senior Policy Advisor for the White House Office of Science and Technology Policy and held key advisory roles at both the National Telecommunications and Information Administration, and the Federal Communications Commission. Her distinguished career in Washington, D.C., also includes leadership positions at Google and prominent international law firms, where she advised technology and telecommunications clients. Ms. Gregory holds a J.D. from Georgetown University Law Center and a B.A. from Yale University.

“I’m thrilled to have the opportunity to work alongside federal agencies, industry partners, engineers and technical experts, and the talented NextNav team to help solve this national security need. Working together, I’m committed to strengthening GPS resiliency, eliminating US vulnerabilities, and advancing technical, regulatory, and business solutions that benefit us all,” said Renee Gregory.

NextNav has petitioned the FCC to reconfigure the Lower 900 MHz band to enable a 5G-based terrestrial 3D PNT service that can be readily deployed and adopted as a complement and backup to GPS while also supporting 5G broadband deployment. In her role, Ms. Gregory will work with the company and its partners to ensure that the FCC’s rulemaking process is guided by sound, fact-based, and engineering-driven decisions that serve the best interests of public safety, national security, and America’s 5G future.

About NextNav

NextNav Inc. (Nasdaq: NN) is a leader in next-generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

For more information, please visit https://nextnav.com/ or follow NextNav on https://x.com/NextNavX or LinkedIn. 

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Source: NN-FIN

Media Contact:

Jayesh Patel
[email protected]
(312) 208-9732



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JFrog Signs Agreement with AWS to Help Enterprises Unlock Business Value from Their Software Supply Chains

JFrog Signs Agreement with AWS to Help Enterprises Unlock Business Value from Their Software Supply Chains

The new strategic collaboration agreement (SCA) allows enterprise customers to cost-effectively scale their DevSecOps and AI-driven software solutions in the cloud

SUNNYVALE, Calif.–(BUSINESS WIRE)–JFrog Ltd. (“JFrog”) (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The agreement empowers enterprise customers to swiftly migrate workloads to AWS to maximize the value of their cloud-based, software supply chain investments.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212945204/en/

JFrog's strategic collaboration agreement with AWS empowers enterprise customers to swiftly migrate workloads to the cloud and maximize the value of their cloud-based, software supply chain investments. (Graphic: Business Wire)

JFrog’s strategic collaboration agreement with AWS empowers enterprise customers to swiftly migrate workloads to the cloud and maximize the value of their cloud-based, software supply chain investments. (Graphic: Business Wire)

“Our expanded collaboration with AWS is a critical component for helping our customers to achieve their cloud-native initiatives using robust, flexible, and secure software delivery infrastructure,” said Tali Notman, CRO, JFrog. “Strengthening our collaboration with AWS allows us to deliver a unified, secure, and reliable cloud-native platform that empowers our customers to bring their applications to market faster, with greater confidence and improved commercial terms.”

JFrog’s agreement with AWS will directly benefit customers, delivering accelerated cloud migration and increased resources to help customers leverage AWS Marketplace for seamless procurement.

Fortra, a leading provider of cybersecurity and automation solutions, leverages the JFrog Platform on AWS to enhance their developer experience and optimize their software development lifecycle. By utilizing JFrog’s comprehensive DevOps capabilities on AWS, Fortra ensures high-performance, secure, and scalable infrastructure management. This has allowed Fortra to focus on innovating without the constant need to manage underlying infrastructure, enhancing productivity and efficiency across its development teams.

“We at Fortra have greatly benefited from the implementation of the JFrog Platform on AWS. The seamless integration and robust features of JFrog, combined with the reliable and scalable infrastructure of AWS, have significantly optimized our developer experience,” said Jody Dahl, VP of Research and Development, Fortra. “The comprehensive security measures and cloud-native DevSecOps capabilities provided by JFrog ensure our development processes are secure and compliant. Additionally, procuring JFrog through AWS Marketplace has streamlined the acquisition process, allowing us to quickly deploy and manage our solutions with ease. We are excited about the deepening collaboration between JFrog and AWS, and the tremendous value it will bring to customers like Fortra.”

For more information about JFrog’s SCA and collaboration with AWS, please visit: https://jfrog.com/partner/aws.

Like this story? Post this on X: .@jfrog helps customers unlock greater business value with @AWS through new strategic collaboration agreement (SCA) to maximize the value of their cloud-based, #SoftwareSupplyChain investments. Learn more: https://jfrog.com/partner/aws #DevOps #DevSecOps #cloudmigration #MLOps #AI

About JFrog

JFrog Ltd. (Nasdaq: FROG) is on a mission to create a world of software delivered without friction from developer to device. Driven by a “Liquid Software” vision, the JFrog Software Supply Chain Platform is a single system of record that powers organizations to build, manage, and distribute software quickly and securely, ensuring it is available, traceable, and tamper-proof. The integrated security features also help identify, protect, and remediate against threats and vulnerabilities. JFrog’s hybrid, universal, multi-cloud platform is available as both self-hosted and SaaS services across major cloud service providers. Millions of users and 7K+ customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation. Once you leap forward, you won’t go back! Learn more at jfrog.com and follow us on X: @jfrog

Media Contact:

Siobhan Lyons, Sr. Manager, Global Communications, [email protected]

Investor Contact:

Jeff Schreiner, VP of Investor Relations, [email protected]m

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Apps/Applications Technology Electronic Commerce Software Networks Internet Data Management Supply Chain Management Retail Artificial Intelligence

MEDIA:

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JFrog’s strategic collaboration agreement with AWS empowers enterprise customers to swiftly migrate workloads to the cloud and maximize the value of their cloud-based, software supply chain investments. (Graphic: Business Wire)
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United Rentals to Present at the Citi 2025 Global Industrial Tech and Mobility Conference

United Rentals to Present at the Citi 2025 Global Industrial Tech and Mobility Conference

STAMFORD, Conn.–(BUSINESS WIRE)–
United Rentals, Inc. (NYSE: URI) today announced that it will participate in Citi’s 2025 Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025. The conference will include a presentation by Matt Flannery, chief executive officer and Ted Grace, chief financial officer.

The presentation is scheduled to begin at 11:20 a.m. ET and will be available via the following link: https://kvgo.com/citi/united-rentals-inc-february-2025.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,591 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 27,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $21.43 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

Elizabeth Grenfell

Vice President, Investor Relations

O: (203) 618-7125

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Human Resources Landscape Professional Services Interior Design Building Systems Architecture Other Construction & Property Residential Building & Real Estate

MEDIA:

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IT’S GETTING BOLD: SIMPLY SPIKED ANNOUNCES FIRST-EVER 8% ABV INNOVATION WITH UNAPOLOGETICALLY BOLD ATTITUDE

PR Newswire

Simply Spiked

® Bold delivers even more flavor and an 8% ABV with two fan-favorite flavors


CHICAGO
, Feb. 12, 2025 /PRNewswire/ — Get ready, Simply Spiked® is back and crashing the party with an all-new offering. Introducing Simply Spiked® Bold, a line of spiked lemonades and limeades with a bolder flavor and 8% ABV that delivers a new twist on drinking experiences for consumers 21+ nationwide.

In the High ABV category where taste is the #1 purchase driver1, Simply Spiked Bold features two fan-favorite flavors: Signature Lemonade and Cherry Limeade. These boldly reimagined classics bring the 5% real fruit juice, squeezed then concentrated and amazing taste that drinkers have come to know and love from Simply Spiked, with 8% ABV.

“As a leader within the FAB category, Simply Spiked has been providing consumers with a wide variety of flavor offerings since the brand debuted in 2022,” said Jamie Rotnicki, Vice President of Innovation at Molson Coors Beverage Company. “We are taking our next step with Simply Spiked Bold to offer fans bolder flavors of some of their favorite Simply Spiked products with our real fruit juice credentials and an 8% ABV.”

Simply Spiked Bold is the ultimate beverage for any gathering with friends or a celebratory cheers. Delivering familiar tastes in a new, bolder drinking experience, Simply Spiked Bold is sure to turn up the volume for tastebuds everywhere.

Since its launch in 2022, Simply Spiked has continually brought 21+ drinkers the flavors they have been asking for and new Simply Spiked Bold meets consumers at the growing convenience store channel, which has shown strong performance in single-serve, higher ABV beverage options.

This latest innovation builds on the brand’s impressive launch record2, which includes Simply Spiked Lemonade® debuting as #1 New Flavored Alternative Beverage in 2022, followed by Simply Spiked® Peach claiming the title in 2023 in multi-outlet stores and Simply Spiked® Limeade ranking as the #1 New Flavored Alternative Beverage launch in Grocery in 2024.

Simply Spiked Bold is now available in convenience stores nationwide in single-serve cans, with 24oz and 16oz cans available in select states.

Check out our product locator at drinksimplyspiked.com/locatorto celebrate responsibly and find these ready-to-drink beverages near you. For more information about Simply Spiked and its products, follow the brand on social media at @drinksimplyspiked.

About Molson Coors Beverage Company
For more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life’s moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While Molson Coors’ history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages like ZOA Energy. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

Molson Coors Beverage Company is a publicly traded company that operates through its Americas and EMEA&APAC reporting segments and is traded on the New York Stock Exchange and Toronto Stock Exchange. To learn more about Molson Coors Beverage Company, visit molsoncoors.com.


1
Source: C+R RESEARCH; HIGH ABV DRIVERS / BARRIERS STUDY NOVEMBER 2023
2Source: Circana, Total US Food, New Item $ Sales, CY 2022, CY 2023, WE 12/31/23 – 11/10/24, L24 WE 11/10/24

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/its-getting-bold-simply-spiked-announces-first-ever-8-abv-innovation-with-unapologetically-bold-attitude-302374834.html

SOURCE Molson Coors Beverage Company

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ESTC INVESTOR ALERT: Elastic N.V. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

PR Newswire


SAN DIEGO
, Feb. 12, 2025 /PRNewswire/ — The law firm of Robbins Geller Rudman & Dowd LLP announces that the Elastic class action lawsuit seeks to represent purchasers or acquirers of Elastic N.V. (NYSE: ESTC) securities between May 31, 2024 and August 29, 2024, inclusive (the “Class Period”).  Captioned Lucid Alternative Fund, LP v. Elastic N.V., No. 25-cv-00785 (E.D.N.Y.), the Elastic class action lawsuit charges Elastic and certain of Elastic’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Elastic class action lawsuit, please provide your information here:


https://www.rgrdlaw.com/cases-elastic-n-v-class-action-lawsuit-estc.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Elastic is a search artificial intelligence company that delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments.

The Elastic class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Elastic had implemented significant changes to its sales operations, particularly with respect to its customer segments in the Americas; (ii) the foregoing changes were likely to, and did, disrupt Elastic’s sales operations during the first quarter of its fiscal year 2025; (iii) accordingly, defendants had overstated the stability of Elastic’s sales operations; and (iv) as a result, Elastic was unlikely to meet its own previously issued revenue guidance for its fiscal year 2025.

The Elastic class action lawsuit further alleges that on August 29, 2024, Elastic announced its financial results for the first quarter of its fiscal year 2025, disclosing that Elastic had slashed its fiscal year 2025 revenue guidance to a range of $1.436 billion to $1.444 billion, representing 14% year-over-year growth at the midpoint – significantly down from Elastic’s prior fiscal year 2025 revenue guidance of $1.468 billion to $1.48 billion, or 16% year-over-year growth at the midpoint – citing “a slower start to the year with the volume of customer commitments impacted by segmentation changes that we made at the beginning of the year, which are taking longer than expected to settle.”  On this news, the price of Elastic stock fell more than 26%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Elastic securities during the Class Period to seek appointment as lead plaintiff in the Elastic class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Elastic class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Elastic class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Elastic class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases.  Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.  We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:


https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 

Services may be performed by attorneys in any of our offices. 

Contact:

Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected] 

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MicroCloud Hologram Inc. Researches High-order Quantum Switch Technology to achieve quantum holographic communication

PR Newswire


SHENZHEN, China
, Feb. 12, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, they are dedicated to advancing innovation and progress in quantum technology. Currently, they are developing an advanced high-order quantum switch technology, which lays a solid foundation for achieving more efficient and secure quantum communication.

In predicting qubit communication scenarios, HOLO has applied advanced quantum mechanics theories and mathematical models to conduct in-depth research on various possibilities of qubit communication. Through continuous derivation and verification, the key factors and patterns have been gradually revealed. Based on theoretical research, HOLO has utilized high-performance computers and specialized quantum simulation software to construct multiple complex quantum communication scenario models. These models simulate in detail the transmission process of qubits, the operation of quantum switches, and the impact of different environmental factors on communication. By collecting and analyzing large amounts of simulation experiment data, the models have been continuously optimized, with the aim of making the simulation results more closely aligned with real-world conditions, thereby providing reliable references for practical applications.

After gaining a deep understanding of predicting qubit communication scenarios, HOLO began to define and construct an innovative high-order quantum switch. Starting from the fundamental principles of quantum mechanics, HOLO developed a design scheme for a high-order quantum switch composed of two quantum switches. The uniqueness of this scheme lies in the fact that its application sequence is controlled by another high-order quantum system. This means that by precisely controlling the state of this high-order quantum system, the application sequence of the quantum switches can be flexibly adjusted. During the design process, HOLO carefully considered various potential challenges and solutions, striving to ensure that the high-order quantum switch performs excellently in practical applications.

With the powerful tool of the high-order quantum switch, HOLO began exploring how to apply quantum switches in quantum superposition to achieve more efficient qubit transmission. First, an in-depth study of the working principles of quantum switches was conducted to understand their performance and characteristics in different states. Next, advanced quantum control techniques were used to place the quantum switch in specific quantum superposition states. During this process, precise control of various parameters of the quantum system, such as energy, phase, and spin, was required to ensure that the quantum switch remained stable in the quantum superposition state. HOLO continuously optimized the control strategy during the experiments, striving to achieve the best performance of the quantum switch in the quantum superposition state, thus providing strong support for future quantum communication technologies.

To further enhance the performance of quantum communication systems, HOLO has also focused on developing a novel quantum error correction algorithm. Quantum information is easily affected by various noise and interference during transmission, leading to data loss and errors. To address this issue, HOLO has conducted in-depth research on quantum error correction theory and, in combination with the latest research findings, designed an efficient quantum error correction scheme. This scheme utilizes redundant qubits and complex encoding techniques to detect and correct potential errors without damaging the quantum information. Simulation experiments have verified that this error correction algorithm significantly improves the reliability and stability of quantum communication, providing strong support for achieving long-distance, high-fidelity quantum communication.

In the future, HOLO will continue to focus on innovation and breakthroughs in quantum technology, constantly exploring the potential applications of quantum technology in more fields. As quantum technology continues to develop and improve, HOLO believes it will play a key role in information security, computational capabilities, sensing technologies, and other areas, bringing profound impact to human society. HOLO will collaborate with major research institutions and enterprises to promote the popularization and application of quantum technology, contributing to the creation of a safer, more efficient, and intelligent future.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE MicroCloud Hologram Inc.

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Maris-Tech Secures $400,000 Repeat Order for Uranus-Based Situational Awareness Solution for Armored Fighting Vehicles

Fourth Consecutive Order Reinforces Maris-Tech’s Position as a Trusted Global Vendor

Rehovot, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”) based edge computing technology, has secured a $400,000 repeat order for its Uranus-based situational awareness solution (“Uranus”) for armored fighting vehicles (“AFV”). This marks the fourth consecutive order from this customer in the defense sector, further validating Maris-Tech’s reliability in delivering mission-critical solutions.

Designed to deliver 360° 3D situational awareness and advanced airborne threat protection, Uranus supports land defense missions, providing real-time alerts, ultra-low latency, and high-resolution video encoding. The solution addresses the growing need in the defense market for armored vehicles’ enhanced crew safety.

The systems from the three previous orders have been successfully deployed and are fully operational in the field, meeting the customer’s expectations.

“We are proud to once again be chosen to provide this cutting-edge solution,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We believe that the continued business from this valued customer is a strong testament to both the confidence in our Uranus technology and our ability to consistently meet mission-critical operational needs. We look forward to further strengthening this relationship in the future.”

About Maris-Tech Ltd.

Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

For more information, visit https://www.maris-tech.com/

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing: the repeat order and future delivery of the Company’s products; the growing need in the defense market for armored vehicles’ enhanced crew safety; the Company’s ability to consistently meet mission-critical operational needs; and the possibility to further strengthening the Company’s relationship with this repeated costumer in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and the Company’s other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations:

Nir Bussy, CFO
Tel: +972-72-2424022
[email protected]