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CGC

Canopy Growth has completed the sale of its BioSteel business, receiving aggregate gross proceeds of $30.4 million. This move is part of Canopy Growth's strategic shift to focus on its core markets and operations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:36 pm

BAM

Brookfield Asset Management has launched an Emerging Markets Transition Fund with an anchor commitment from ALTÉRRA. This fund, alongside an investment in the Brookfield Global Transition Fund, aims to deploy over $20 billion towards climate initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:03 pm

GCO

Genesco Inc reported a 3% decrease in store count and a 1% reduction in square footage YoY in Q3. The company had capital expenditures of $15 million, mainly for retail and digital initiatives, and a depreciation and amortization of $12 million. Five new stores were opened and 20 were closed during the quarter.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:01 pm

TU

TELUS Corp (NYSE:TU) has acquired new 3800 MHz spectrum licenses across Canada for $620 million, increasing their average national spectrum to 72 MHz. This acquisition, combined with the 3500 MHz spectrum from 2021, gives TELUS around 100 MHz of 5G mid-band spectrum with 96% contiguity, including all major markets. The company's Q3 FY23 operating revenues grew by 7.2% to C$5.01 billion, but adjusted EPS fell to C$0.25 from C$0.34 a year ago. TELUS shares closed up 2.11% at $17.91.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 11:56 am

RCI

Rogers Communications Inc (NYSE:RCI) has acquired 3800 MHz spectrum in Canada's third 5G auction, enhancing its 5G network with more coverage, speed, and capacity. This acquisition complements its existing 3500 MHz 5G spectrum and aims to extend coverage to rural and Indigenous communities. The company has a history of reinvesting profits into Canada, with over $40 billion invested since 1985. RCI's commitment to building a robust 5G network is reflected in its recent activation of 5G service in the TTC subway system. RCI reported a 36% year-over-year revenue growth in Q3, with C$5.09 billion in revenue and C$2.53 billion in cash reserves. RCI's stock price saw a 2.01% increase to close at $43.10 on Thursday.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 11:43 am

DOGEUSD

FLOKIUSD

SHIBUSD

TokenFi (CRYPTO: TOKEN) surged by 10%, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which saw smaller gains. A core contributor to Floki, B Da Viking, announced TokenFi's plan to integrate traditional assets into the blockchain, with its RWA Tokenization Module set to go live in 2024. TOKEN will be the primary utility token for this module. Additionally, the FlokiFi Locker within the Floki ecosystem reached a TVL of $107 million, marking an all-time high.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 10:04 am

OLP

One Liberty Properties, Inc. (NYSE:OLP) has completed the sale of two restaurant properties and part of a retail property for $8.7 million, expecting a gain of $2.7 million. Additionally, OLP has agreements to sell three restaurant properties and two retail properties for $23.0 million, with an anticipated gain of $10.0 million. The company also refinanced mortgage debt on two industrial properties, resulting in gross proceeds of $13.0 million, after accounting for $7.1 million of the refinanced amounts. The new debt has a higher interest rate of 6.02% compared to the previous 4.02%.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:07 am

EWU

The U.K. Nationwide House Price Index reported a year-on-year decrease of 2% for November, which is a smaller decline than the estimated 2.3% and the previous 3.3%. This suggests a less severe contraction in U.K. house prices than anticipated.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:03 am

EWU

The U.K. Nationwide House Price Index for November showed an increase of 0.2% month-over-month, beating the estimate of -0.4%. This indicates a positive trend in the U.K. housing market compared to expectations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:02 am

MSTR

MicroStrategy Inc, under CEO Michael Saylor, added 16,130 BTC to its holdings in November, bringing its total to 174,530 BTC. Galaxy Digital CEO Mike Novogratz praised Saylor, noting MicroStrategy's stock outperformed BTC despite selling $600 million of stock to buy Bitcoin. Novogratz sees this as a sign of strong institutional demand for a potential Bitcoin ETF. MicroStrategy's aggressive Bitcoin investment strategy and the anticipation of a Bitcoin ETF are highlighted as significant market developments.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 6:50 am