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AAPL

AMZN

DIS

Amazon Prime Video has secured the streaming rights for the blockbuster movie 'Sound of Freedom', which grossed over $180 million domestically and nearly $250 million globally. The film was initially shelved after 20th Century Fox, the initial rights owner, was bought by Walt Disney Co. The acquisition comes amidst significant movements in the streaming market, with Apple Inc. also making strategic moves into the film industry.

Portfolio Pulse from Ananya Gairola

November 06, 2023 | 4:13 am

MRMD

Zuanic & Associates initiates coverage of cannabis company MariMed (OTC:MRMD) with an Overweight rating, stating the stock is undervalued compared to its peers. MariMed operates in four states, with significant sales from Illinois, Massachusetts, Maryland, Ohio and upcoming operations in Missouri and Delaware. The company acquired Kind Therapeutics in Maryland in April 2022 and doubled sales with the introduction of recreational cannabis in July 2023. MariMed's FY23 guidance anticipates substantial growth, with sales reaching at least $150 million and an adjusted EBITDA of $32-35 million. The company is expected to become a top 10 multi-state operator by 2025.

Portfolio Pulse from Nicolás Jose Rodriguez

November 05, 2023 | 6:55 pm

BTM

The number of Bitcoin ATMs installed worldwide dropped to a two-year low in October 2023, marking the biggest drop in crypto history. Despite Bitcoin levels breaching the $35,000 mark and optimism surrounding the spot Bitcoin ETF approval, uncertainties around regulations and crypto scams brought the number of ATMs installed down to its 2021 level. Bitcoin Depot (NASDAQ:BTM) CEO Brandon Mintz attributes this declining trend to operators turning off unprofitable ATMs or going out of business. However, he sees this as an opportunity for Bitcoin Depot to increase market share through acquisitions and organic kiosk growth.

Portfolio Pulse from Khyathi Dalal

November 05, 2023 | 5:57 pm

PLNHF

Equity research firm Zuanic & Associates has initiated coverage of Planet 13 Holdings Inc. (OTC:PLNHF) with an Overweight rating, citing the company's unique and scalable superstore concept. The firm believes that Planet 13's stock valuation does not fully capture its potential. Despite potential execution risks, Planet 13's growth initiatives, including the acquisition of VidaCann, are expected to drive more than 60% cumulative top-line growth by CY25. The company's expansion into Florida through the VidaCann acquisition is expected to make Florida the second-largest state for Planet 13. However, the company's financial performance is on the lower end among MSOs, with negative margins and operating cash flow.

Portfolio Pulse from Nicolás Jose Rodriguez

November 03, 2023 | 9:57 pm

EZFL

EzFill Holdings Inc and AJB have executed an additional amendment to their amended purchase agreement, retroactively effective as of October 25, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:40 pm

ALTU

ALTUU

Altitude Acquisition Corp. (NASDAQ:ALTUU, ALTU) has extended the deadline to complete its initial business combination with Picard Medical, Inc. from November 11, 2023, to December 11, 2023. The extension was requested by Altitude's sponsor, Altitude Acquisition Holdco LLC, and approved by the board of directors. This is the eighth extension granted by the board.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:20 pm

ATAK

ATAKU

Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK) has announced that its sponsor, ATAC Sponsor LLC, has deposited $135,000 into the company's trust account to extend the deadline for a business combination from November 9, 2023, to December 9, 2023. The extension payment was loaned as a drawdown pursuant to an unsecured promissory note issued to the sponsor. The company's stockholders are not entitled to vote on or redeem their shares in connection with this extension.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:19 pm

AWK

Members of the Silver Creek Water Corporation have voted in favor of the sale of their member-owned water utility to Indiana American Water, a subsidiary of American Water (AWK). The acquisition, if approved by the Indiana Utility Regulatory Commission, would add approximately 8,000 water customers to Indiana American Water's service footprint.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:18 pm

CENT

CENTA

Central Garden & Pet (NASDAQ:CENT) (NASDAQ:CENTA) has acquired TDBBS, a provider of premium natural dog chews and treats, from Bregal Partners. The acquisition will expand Central's portfolio and strengthen its eCommerce and digital capabilities. TDBBS's brands and digital capabilities will solidify Central's position in the dog treats and chews category and strengthen its footprint with key customers.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:05 pm

AMZN

BRK-A

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, shared his views on various topics in an interview with The Wall Street Journal. He discussed the challenges of making substantial acquisitions due to competitive bidding in the venture capital sector, expressed skepticism about the necessity of stock pickers, and advocated for index funds. Munger also commented on the surge in Bitcoin's value, expressing his preference for strong, sovereign-issued currencies. He disagreed with the idea of breaking up major tech companies like Amazon, appreciating their contribution to capitalism. Berkshire Hathaway's upcoming Q3 earnings are expected to benefit from high interest rates.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 7:27 pm