Green Stock News for November 14th, 2024: $SRFM $EH $TLRY $ADSE

Green Stock News

Welcome to the green stock news brief for Thursday, November 14th. Here are today’s top headlines:

Surf Air Mobility (NYSE: SRFM) has secured a new $50 million Senior Secured Term Loan from Comvest Partners to support its transformation, aiming to become a leading regional air mobility platform with software and electrified aircraft. This financing enables the Company to advance through its four-phase plan: optimizing operations, expanding routes, and accelerating growth with electrification technology by 2027.

EHang (NASDAQ: EH) has achieved a breakthrough in high-energy solid-state battery technology, enabling its EH216-S eVTOL aircraft to complete a 48-minute flight test, marking the first pilotless passenger eVTOL to use such a battery. This advanced battery, featuring an energy density of 480Wh/kg, significantly enhances flight endurance and safety, expanding EH216-S's potential applications in urban air mobility and low-altitude operations.

Tilray (NASDAQ: TLRY) Medical has launched its first German-grown medical cannabis products through its Aphria RX facility, marking a milestone as the first company to grow medical cannabis in Germany under the new MedCanG license. This license, granted on July 15, 2024, allows Aphria RX to cultivate a range of carefully selected cannabis strains popular with patients in Canada.

ADS-TEC Energy's (NASDAQ: ADSE) ultra-fast ChargeBox has been deployed by Alabama Power, allowing rapid EV fleet charging at its Technology Application Center. The ChargeBox enables up to 320kW charging on power-limited grids without the need for extensive infrastructure upgrades, supporting Alabama's expanding EV adoption and charging infrastructure.