Streetbeat News

Corporate Responsibility

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CURLF

President Joe Biden's State of the Union speech highlighted cannabis reform, sparking positive reactions from the cannabis industry. Ayr Wellness and Curaleaf, among others, expressed support and outlined the potential benefits of rescheduling cannabis, including tax savings and the establishment of national standards for cannabis testing.

Portfolio Pulse from Maureen Meehan

March 08, 2024 | 6:42 am

URI

United Rentals announced the pricing of a private offering of $1.1 billion of 6.125% Senior Notes due in 2034. This move is aimed at raising capital, possibly for expansion, debt refinancing, or other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:36 pm

CTKB

Cytek Biosciences has inaugurated a new 50,000-square-foot facility in Wuxi, China, marking a significant expansion of its operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:32 pm

FNKO

Funko (NASDAQ:FNKO) reported Q4 earnings of 1 cent per share, surpassing the expected loss of 4 cents per share, with sales of $291.2 million exceeding estimates by 3.28%. Inventory levels were significantly reduced, and CFO/COO Steve Nave announced his resignation. The company has implemented a plan to cut costs and improve efficiency, expecting Q1 net sales between $214 million and $227 million, and FY 2024 sales between $1.047 billion and $1.103 billion. FNKO shares rose 12.58% in after-hours trading.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 10:23 pm

BHP

CMP

NEM

RS

SLGGF

Compass Minerals (CMP) commits to water conservation for the Great Salt Lake's sustainability and announces participation in Loop Capital Markets' Investor Conference. SolGold (SLGGF) signs a $3.2B declaration with Ecuador for the Cascabel Project, marking Ecuador's largest mining investment. BHP Group (BHP) and Newmont Corporation (NEM) are significant stakeholders in SolGold. Reliance Inc. (RS) executive Arthur Ajemyan sells 3,000 shares.

Portfolio Pulse from Austin DeNoce

March 07, 2024 | 10:22 pm

WSR

The Board of Trustees of Whitestone REIT has rejected the nomination of two candidates proposed by Erez Asset Management for inclusion on the REIT's board. This decision indicates a potential conflict between the REIT's current management and Erez Asset Management regarding the direction of the company.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:15 pm

CYT

Cyteir Therapeutics, Inc. (NASDAQ:CYT) announced its intent to delist its common stock from the Nasdaq Global Select Market, with trading suspension effective before the market opens on March 18, 2024. This move precedes the company's filing of a certificate of dissolution on March 20, 2024, and the closure of its stock transfer books. The official delisting is expected to be effective on March 28, 2024. This decision is part of Cyteir's Plan of Complete Liquidation and Dissolution, approved by its board and stockholders, due to the costs and burdens of being a publicly traded company amidst its planned dissolution.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:53 pm

FNKO

Funko announced that Steve Nave resigned from his positions as CFO and COO on March 6. This change in executive leadership could impact the company's operations and financial strategies moving forward.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:47 pm

WKC

World Kinect Corporation (NYSE:WKC) has increased its quarterly cash dividend from $0.14 to $0.17 per share, a 21% rise. The new dividend will be payable on April 16, 2024, to shareholders of record as of March 25, 2024. The company cites strong operating cash flow and a healthy balance sheet as enabling factors for this increase, alongside ongoing investments in core business activities and share repurchase activities.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:43 pm

IOT

Samsara Inc. (NYSE:IOT) has entered into a strategic partnership with TMS, a leading logistics and transportation company in Mexico, to enhance road safety and reduce accidents by 24% in 2024. TMS will integrate Samsara's AI Dash Cams into its security program to improve driver safety and operational efficiency. This collaboration aims to leverage cutting-edge technology to achieve significant reductions in accidents and associated costs, with a focus on driver well-being and the recruitment of women drivers.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:40 pm