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Credit

MSOS

Security Bank's President and CEO, Stephan Paul Antonacci, forecasts two more interest rate drops before the end of the year, which could lead to normalized interest rates for the industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:43 pm

MSOS

Safe Harbor Financial's Dan Roda discusses the potential benefits of 280E and improved cash flow for cannabis-related borrowers amidst rising interest rates and the need for institutions to capture deposits. The post-Silicon Valley Bank era presents challenges, but interest-bearing accounts are now obtainable.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:42 pm

MSOS

Aaron Grey, Managing Director of Equity Research Consumer & Cannabis, suggests that companies in his coverage could see an upward impact of up to $150M. This benefit, which could address debt, will stem from M&A or capital expenditures, depending on how proceeds are used.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:38 pm

FYBR

VZ

Verizon is preparing to acquire Frontier Communications by lining up $10 billion in debt. This move is significant for both companies as it could impact their financial positions and market strategies.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:06 pm

MSOS

SPY

Emily Paxhia of Poseidon Investment Management highlights the challenges faced by cannabis businesses, including limited access to credit card processing, insurance, banking, and capital markets like NASDAQ and NYSE.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:59 pm

TSNDF

TerrAscend Corp. is set to report its Q3 2024 earnings on November 6, 2024. The company has shown revenue growth and secured a $140 million term loan to improve its financial position. Additionally, TerrAscend announced a $10 million share repurchase program, indicating confidence in its future.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 2:23 pm

MSOS

Beau Whitney, Founder & Chief Economist at Whitney Economics, reports a midpoint of $92 billion in opportunities in the cannabis industry through 2035. However, by the end of 2023, there are over $3.8 billion in delinquent account receivables, indicating financial health concerns in the industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:04 pm

ACI

KR

Kroger has extended the deadline for its exchange offers and consent solicitations related to Albertsons' notes to October 16, 2024. This involves exchanging Albertsons' notes for new Kroger notes and cash, with proposed amendments to the indentures becoming operative upon settlement.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:50 am

PATK

Patrick Industries has increased its private offering to $500 million in 6.375% Senior Notes due 2032, up from the previously announced $400 million. The proceeds will be used to redeem existing notes, repay borrowings, and cover related expenses.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:12 am

UTEN

Stronger-than-expected U.S. economic data and rising oil prices are reshaping expectations for the Federal Reserve's November meeting. Traders are now considering a smaller rate cut or a hold, as inflationary pressures rise. The U.S. Treasury 10-Year Note ETF (UTEN) dropped 0.4% amid these developments.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 9:37 pm