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Corporate Responsibility

GRAM

MSOS

At Benzinga's Cannabis Capital Conference, Gold Flora CEO Laurie Holcomb discussed the competitive California cannabis market, highlighting the company's complete supply chain from cultivation to distribution. Gold Flora aims for a 66% adjusted gross margin in a challenging market and plans to expand its business model to other states.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:37 pm

CURLF

MSOS

Matt Darin discussed the absence of 280E tax regulation in Europe, highlighting the advantage for cannabis companies in terms of cash flow and supply chain efficiency. He emphasized the unique opportunity to grow, process, manufacture, and distribute cannabis from a single point in Europe, contrasting it with the regulatory environment in other regions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:34 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher, driven by CEO Adam Aron's confidence in avoiding bankruptcy, a recent $250 million equity distribution, and significant trading volume. Despite hitting all-time lows, AMC's rebound is fueled by interest from short-sellers and retail investors, with over 20 million shares traded recently. Wall Street analysts hold a neutral outlook with a $6.0 price target, while the stock is currently up 12.6% at $2.78.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 7:04 pm

MSOS

Dr. Chanda Macias emphasizes the importance of community and local market connectivity in the cannabis industry during a speech at the Mary-Jane Festival in Europe. She advocates for a focus on basics and supports legalization as a key to financial success in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:00 pm

ISPR

MSOS

Luna Stower discusses the impact of 280E on cannabis businesses, highlighting that 70%-80% of business costs are labor, which disproportionately affects retailers. They offer a self-sealing unit and an all-in-one solution with a self-seal and auto-filling machine to improve efficiency and help offset 280E costs for cannabis license holders.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:44 pm

MSOS

Dr. Chanda Macias advocates for open access to medicine, emphasizing the importance at the Cannabis Capital Conference. The conference offers live access for existing subscribers and instant access for new users. MSOS, a US-listed ETF, may be indirectly impacted by the discussions and viewpoints shared at the conference.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:34 pm

CSX

CSX, in partnership with Canadian Pacific Kansas City (CPKC), has unveiled its first hydrogen-powered locomotive, a significant step towards sustainable freight transportation. This innovation, developed at CSX's Huntington, W.Va. shop, showcases CSX's commitment to environmental stewardship and marks a milestone in utilizing hydrogen as a cleaner, efficient alternative to fossil fuels. The locomotive, converted from diesel using a CKPC-developed kit, will undergo field testing to evaluate its performance and operational feasibility.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:21 pm

MSOS

YOLO

At Benzinga's Capital Cannabis Conference, FundCanna CEO Adam Stettner discussed the pitfalls of overdiversification in the cannabis industry, suggesting that trying to do too much can be counterproductive.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:15 pm

VSTO

CSG addressed Senator J.D. Vance's concerns about its acquisition of The Kinetic Group, formerly Vista Outdoor's Sporting Products business, refuting claims of wrongdoing and ties to Putin's regime. CSG highlighted its support for Ukraine, cooperation with the U.S. military, and partnerships with defense corporations like General Dynamics and Raytheon. CSG emphasized its long-term investment strategy and expertise in the ammunition market, inviting Vance to visit its facilities.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:11 pm

GHBWF

GLASF

Kyle Kazan, CEO of Glass House Brands Inc., emphasized the need to end imprisonment for cannabis and advocated for federal legalization at the Benzinga Cannabis Capital Conference. He highlighted the company's success in California, reporting an 89% surge in annual revenue to $160.8 million and the introduction of a new value cannabis brand, Allswell, aimed at competing with the illicit market. Despite challenges like high taxes and a thriving traditional market, Glass House plans to continue its expansion in California.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 4:32 pm