Latest news with #Quantum
Yahoo
13 hours ago
- Business
- Yahoo
Quantum BioPharma Clarifies It Has Not Changed Its Name
TORONTO, June 03, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) ('Quantum BioPharma'), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, today announces its response to information about certain stock trading platforms as well as misinformation being circulated on certain social media channels. Certain stock trading platforms mistakenly have the Quantum BioPharma name changed to Unbuzzd Wellness Inc. (formerly, Celly Nutrition Corp.) after the news release was issued on May 29, 2025. Quantum BioPharma has not changed its name. In addition, it has been brought to the attention of Quantum BioPharma that misinformation is being circulated on certain social media channels that Unbuzzd Wellness Inc., the company behind unbuzzd™, the scientifically-proven product that accelerates alcohol metabolism, restores mental clarity and reduces hangover symptoms, is doing a reverse takeover transaction ('RTO') into Quantum BioPharma. Currently Unbuzzd Wellness Inc. is not doing a RTO transaction with Quantum BioPharma. Unbuzzd Wellness Inc. has hired leading audit firm MNP LLP ('MNP') effective May 20, 2025, to conduct Public Company Accounting Oversight Board ('PCAOB') audits of the Company's financial statements in preparation for a possible initial public offering ('IPO'). MNP, registered with the PCAOB, has the experience and proven track record to deliver audits of the highest standard. Hiring MNP follows the Company's announcement on February 5, 2025, regarding their retention of a New York investment bank to advise on a capital raise and explore an IPO, pending regulatory approval. Financial terms between Quantum BioPharma and Unbuzzd Wellness Inc. Currently Quantum BioPharma is the largest shareholder and debt holder of Unbuzzd Wellness Inc. Pursuant to the terms of their Agreement, Quantum will receive a 7% royalty on revenue from Unbuzzd Wellness Inc., until a total in the amount of $250,000,000 has been paid to Quantum, at which point the rate is reduced to 3%. In addition, Unbuzzd Wellness Inc. had issued Quantum 200,000,000 post-split common shares in the capital of the Unbuzzd Wellness Inc. ('Common Shares') as a licence fee and has issued Quantum an anti-dilution warrant, entitling Quantum to exercise the warrant any point in the next three years to increase their holding in the company to 25% for nominal consideration. On a go-public transaction, Quantum BioPharma will own at least 25% of Unbuzzd Wellness Inc. Unbuzzd Wellness Inc. and Quantum entered into a loan agreement, whereby Quantum loaned the Company $1,300,000 on secured basis with a term of 3 years, which will bear interest at a rate of 10% per annum, payable on each anniversary. Unbuzzd Wellness Inc.'s leadership team brings unparalleled experience and expertise to the table. The company is led by CEO John Duffy, a seasoned executive with a distinguished career at Coca-Cola Enterprises and The Coca-Cola Company. Duffy's vision is further complemented by the strategic guidance of beverage industry luminary and Unbuzzd Wellness Inc. Board Co-Chair Gerry David, the former CEO of Celsius Holdings, Inc., who played a pivotal role in establishing Celsius as a leading name in the beverage industry. Debt Settlement The Company also announces an authorized debt settlement for two vendors totaling USD$20,930 with Class B Shares that the board of directors of the Company (the "Board") authorized. The Company intends to complete the Debt Settlements in or around the first week of June 2025. About Quantum BioPharma Ltd. Quantum BioPharma (NASDAQ: QNTM) is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. ('Lucid'), Quantum BioPharma is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum BioPharma invented unbuzzd™ and spun out its OTC version to a company, Unbuzzd Wellness Inc. (formerly Celly Nutrition Corp.), led by industry veterans. Quantum BioPharma retains ownership of 20.11% (as of March 31, 2025) of Unbuzzd Wellness Inc. The agreement with Unbuzzd Wellness Inc. also includes royalty payments of 7% of sales from unbuzzd™ until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property. For more information on Quantum BioPharma, please visit About Unbuzzd Wellness Inc. The Company, a non-trading but fully reporting public issuer, stands as a pioneering force in the wellness and recovery supplement landscape. unbuzzd has been developed by a world-class research and development team in pharmacology and medicine, with a commitment to innovation and quality. With a proprietary blend of vitamins, minerals and herbs, unbuzzd helps your body process alcohol faster, restore mental alertness, and improve cognition so you can drink responsibly. unbuzzd appeals to a broad audience of alcohol consumers who want to have a good time, be in control, and still feel great the next day. Scientifically-backed by a recently completed double-blind, randomized, placebo-controlled crossover design clinical trial, unbuzzd dramatically accelerates alcohol metabolism, speeds the reduction of blood alcohol concentration, restores mental clarity, and reduces the symptoms of intoxication, impairment and hangover. The full press release of the clinical trial can be found here. unbuzzd ready-to-mix powder sticks are available in 3-pack, 8-pack, and 18-pack formats at and unbuzzd is a registered trademark of the Company. Individual results may vary. unbuzzd is a dietary supplement. Consuming unbuzzd after alcohol ingestion does not permit you to operate a vehicle. Drink responsibly. DO NOT DRINK AND DRIVE. For more information on Unbuzzd Wellness Inc. please visit Forward-Looking Information Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements related to such. Forward-looking information in this press release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to additional information relating to Quantum BioPharma, including its annual information form, can be located on the SEDAR+ website at and on the EDGAR section of the United States Securities and Exchange Commission's website at for a more complete discussion of such risk factors and their potential effects. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward- looking information, except as required by applicable law. Contacts: Quantum BioPharma Ltd. Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board Email: Zsaeed@ (833) 571-1811 Investor Relations Investor Relations: IR@ Inquiries: info@
TimesLIVE
14 hours ago
- General
- TimesLIVE
Armed robbers steal state-owned Quantum from Eastern Cape Treasury
Police are searching for two armed robbers who tied up a security guard and stole a state-owned Toyota Quantum minibus from the Treasury offices in Bhisho in the Eastern Cape. The heist was carried out in the early hours of Monday. 'According to reports, two unidentified African male suspects, both armed and wearing balaclavas, entered the guardroom where a security officer was on duty. The first suspect threatened the security officer with a firearm, demanding keys to a state-owned Toyota Quantum minibus parked outside. The officer informed the suspect he did not have the keys,' said police spokesperson Brig Nobuntu Gantana. During the confrontation a second armed suspect entered the room and the security guard was restrained with cable ties. 'Shortly after, the officer observed the second suspect driving away in the vehicle (registration GGL 242 EC). The first suspect then seized the occurrence book register from the scene before fleeing in the stolen Quantum with his accomplice.' The guard was not injured. Arrests have yet to be made. Anyone who can assist police in their investigation is urged to contact the Bhisho SAPS or Crime Stop at 08600-10111. Anonymous tip-offs may be shared via the MySAPSapp.
Yahoo
4 days ago
- Business
- Yahoo
J.B. Hunt expands premium intermodal offering to shippers in Mexico
J.B. Hunt Transport Services announced the latest iteration of Quantum, its premium intermodal offering, on Friday. Quantum de Mexico will provide cross-border service to Mexican shippers with 'service-sensitive' transportation needs utilizing the networks of Western Class I railroad BNSF Railway (NYSE: BRK.B) and Mexico's largest rail provider, GMXT. In line with J.B. Hunt's (NASDAQ: JBHT) current Quantum offering, customers can expect 95% on-time delivery and up to one less day of transit time versus the standard intermodal service. The offering is designed to better compete with time-sensitive, highway freight hauled by truck. 'Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings,' said Spencer Frazier, head of sales and marketing at J.B. Hunt, in a news release. 'The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship.'To ensure premium service, new tracking systems will provide real-time shipment visibility. Quantum loads will be given priority status for drayage moves and railcar loading and unloading. Support staff from all three companies will provide around-the-clock service. Major Mexican markets served include Mexico City, Guadalajara and Monterrey to go along with key touch points in the U.S. like Chicago, Dallas-Fort Worth, the U.S. West Coast and other locations in the eastern U.S. The three companies partnered in 2024 to provide Mexico inbound-outbound intermodal service through the Eagle Pass Gateway. The new service was announced on Friday at an industry event in Puerto Vallarta, Mexico. J.B. Hunt also announced the opening of a new office in Queretaro, Mexico, in conjunction with the service launch.'Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics,' said Jon Gabriel, group vice president of consumer products at BNSF. 'Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers.' More FreightWaves articles by Todd Maiden: ArcBest taps CH Robinson veteran to fix asset-light business Truckload spot rates to continue upward trend, RXO says Activist investor pushes Forward Air to execute 'value-maximizing sale' The post J.B. Hunt expands premium intermodal offering to shippers in Mexico appeared first on FreightWaves.
Yahoo
4 days ago
- Business
- Yahoo
Quantum Adds LTO-10 to Scalar Tape for Highest Capacity and Scale
Quantum Corporation QMCO has announced full support for LTO Ultrium Generation 10 full-height tape drives across its leading Scalar tape library platforms—including Scalar i7 RAPTOR, Scalar i6 and Scalar i6000. This advancement cements Quantum's role at the forefront of scalable, cyber-resilient and cost-efficient archival storage solutions. LTO-10 provides unmatched data density with native capacities of 30 TB per LTO-10 cartridge (up to 75 TB compressed at a 2.5:1 ratio). When combined with Quantum's intelligent tape automation and management software, it offers the lowest total cost of ownership, along with powerful cyber protections, making it ideal for enterprises seeking long-term archiving at scale in today's data-intensive environment. Quantum, together with IBM and HPE, is a long-standing member of the LTO Consortium, which oversees the development, licensing and certification of LTO technology. This includes the company's ActiveScale object storage for cold data, StorNext file system for automated archival workflows and DXi backup appliances for long-term retention—all designed to deliver seamless performance from ingest to archive. Notably, the newly introduced Scalar i7 RAPTOR was purpose-built to take full advantage of LTO-10 capabilities, delivering up to 60 PB of native capacity per rack—over three times the density of current market alternatives. These innovations lead to significant savings in space, power and cooling, translating to 70% lower operational costs. Enhanced by Quantum-exclusive features like Ransom Block, Tape Blocking and Active Vault, Scalar solutions offer robust air-gapped protection against cyber threats such as ransomware. Quantum Corporation price-consensus-chart | Quantum Corporation Quote Quantum highlighted the transformative role of LTO-10 within its integrated storage ecosystem, stating that when integrated with Scalar i7 RAPTOR, its S3-compatible ActiveScale platform transforms into a Glacier-class on-prem archive—capable of 60 PB per frame and up to 70% cost savings at exabyte scale. LTO-10 drives offer high-speed data transfer at up to 400 MB/s and support multiple connectivity options, including 32 Gb Fibre Channel and 12 Gb SAS. With support for active optical cables up to 100 meters, these drives provide unmatched deployment flexibility. LTO-10 also eliminates the need for media calibration, simplifying workflows and enhancing efficiency. Quantum is accepting orders for LTO-10-based solutions across its Scalar and ActiveScale platforms, with shipments expected to begin later this quarter. Recently, Quantum announced that Canal 13, one of Chile's premier broadcasters, has implemented a fully integrated content storage and management solution powered by Quantum's Myriad and ActiveScale platforms. This deployment marks a significant step in modernizing Canal 13's media infrastructure by eliminating storage silos and unifying production and archival systems into a streamlined, scalable and resilient workflow. QMCO is a leading provider of end-to-end data management solutions. It offers solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. It caters to leading organizations in life sciences, government, media and entertainment, research and industrial technology verticals. Its premium Myriad and ActiveScale products continue to witness healthy demand trends. In January 2025, Quantum enhanced its Quantum Myriad all-flash file system, offering the first-ever in-place scaling with automatic data leveling. These upgrades provide greater flexibility and adaptability, allowing customers to effectively manage the evolving storage needs of the artificial intelligence (AI) era. In December 2024, Quantum extended support for the NVIDIA GPUDirect Storage capability by introducing an advanced parallel file system client for its Myriad all-flash file system. Quantum's continuous efforts to elevate cyber resiliency for modern enterprises through fresh launches and collaborations bode well. In October 2024, QMCO's flagship ActiveScale platform expanded its Veeam Ready qualifications. Veeam Software supports Quantum's ActiveScale 7.0, which includes all-flash solutions for rapid ransomware recovery and reported ActiveScale Cold Storage for budget-friendly, air-gapped retention in the Veeam Archive Tier. In the fiscal third quarter of 2025, ActiveScale experienced notable growth. Myriad continued to drive innovation by partnering with an AI pioneer, fusing quantum computing-inspired algorithms and AI/ML (machine learning) to solve complex challenges. On May 6, 2025, Quantum announced preliminary financial results for the fourth quarter of fiscal 2025. Based on unaudited figures, the company expects to report revenues between $65 million and $67 million, aligning with prior guidance of $66 million, plus or minus $2 million. Gross margin is anticipated to be around 44%, with a 1% margin of variance. The company also projects a GAAP net loss of approximately $3.5 million, with a possible fluctuation of $1 million. Quantum plans to release its full financial results for the fourth quarter and fiscal 2025 in mid-June 2025. QMCO currently carries a Zacks Rank #3 (Hold). Shares of the company have surged 35.9% in the past year against the Computer-Storage Devices industry's decline of 31.4%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Ubiquiti Inc. UI, InterDigital, Inc. IDCC and Teradata Corporation TDC. UI, IDCC and TDC carry a Zacks Rank #2 (Buy). You can the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. UI's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 61.29%. Its shares have surged 176.8% in the past year. IDCC earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, with the average surprise being 160.15%. InterDigital's long-term earnings growth rate is 15%. Its shares have jumped 88.1% in the past year. Teradata's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 24.63%. In the last reported quarter, TDC delivered an earnings surprise of 15.79%. Its shares have decreased 33.1% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teradata Corporation (TDC) : Free Stock Analysis Report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Quantum Corporation (QMCO) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Business
- Yahoo
J.B. Hunt, BNSF and GMXT Launch Quantum de México for Service-Sensitive Freight Delivery
Joint effort expands availability of intermodal efficiency and cost savings to Mexico businesses PUERTO VALLARTA, Mexico, May 30, 2025--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America; BNSF Railway (BNSF), North America's largest intermodal railroad; and GMXT, the largest rail provider in Mexico announced the launch of a new intermodal offering for Mexico businesses with service-sensitive freight delivery. The new offering - Quantum de México, a J.B. Hunt, BNSF and GMXT service™ - will follow the successful service model of its US counterpart launched by J.B. Hunt and BNSF in November 2023. Quantum provides the consistency, agility and speed needed to transport sensitive highway freight using rail, meeting businesses' "just in time" freight needs. The service is optimized for efficiency, offering a 95+% on-time delivery rate that's up to one day faster than traditional intermodal service. The new service utilizes the latest advancements in tracking and monitoring systems, providing real-time visibility and control over shipments, minimizing delays and optimizing performance. Designated J.B. Hunt, BNSF and GMXT support teams will provide 24x7 oversight, delivering consistent and reliable transit times including features like priority drayage as well as railcar loading and unloading. "Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings," said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt. "The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship." The three announced the new service at the Congreso Intermodal de la Asociación Mexicana del Transporte Intermodal (AMTI) in Puerto Vallarta on May 30. To support customer needs and enable growth in Mexico, J.B. Hunt has opened a new office in Queretaro, Mexico. Quantum de México will operate on key routes connecting major cities and industrial hubs in both countries. Some of the primary markets served include: US: Chicago, Dallas-Fort Worth, the US West Coast, and US eastern destinations Mexico: Mexico City, Guadalajara and Monterrey "Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics," said Jon Gabriel, group vice president – consumer products at BNSF. "Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers." In 2024, J.B. Hunt, BNSF and GMXT launched intermodal service to and from Mexico through the Eagle Pass Gateway. Together, the three companies provide one of the most comprehensive transportation networks reaching locations throughout North America: J.B. Hunt owns and operates the largest intermodal fleet in North America with unparalleled coast-to-coast market access. BNSF operates the largest intermodal rail network in North America. GMXT is the largest rail provider in Mexico. "We have demonstrated that rail and its intermodal services are key allies to industries not only in Mexico but across North America, through a strategic alliance with J.B. Hunt and BNSF. The progress in service quality that we offer allows us to continue innovating while maintaining efficiency and reliability, with new services like Quantum de México," said Luis Hernández, vice president intermodal at GMXT. Intermodal Potential in Mexico As more businesses utilize Mexico to solve supply chain challenges, the country has grown to be one of the Top 10 exporters in the world, with more than 2/3 of those exports destined for the US. Top export industries include automotive, manufacturing, agricultural, electronics and other service-sensitive freight areas. Nearly 70% of freight transported across the Mexico/US border is moved by traditional over-the-road (OTR) highway transport. The collaboration looks to capitalize on the untapped potential of intermodal service for businesses moving freight in and out of Mexico, including converting OTR highway freight to rail intermodal and optimizing container efficiency. Intermodal conversion is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment's carbon footprint by an average of 65% compared to OTR truck transportation. About J.B. Hunt J.B. Hunt's vision is to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders. J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit About BNSF Railway BNSF Railway is one of North America's leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food, and beverages. BNSF's shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at About GMXT GMXT (BMV: GMXT) is the leading ground transportation company in Mexico with the best coverage and connectivity. GMXT covers 24 states of Mexico, almost 90% of the country's GDP, and a significant presence in Florida and Texas. GMXT's network has an unrivaled seamless integration with the rest of North America through 6 interchange points along the US-Mexico border. More information about GMXT is available at View source version on Contacts Brittnee Daviepress@ Kendall SloanMedia@ Analy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
