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MRMD

TCNNF

TRSSF

VEXTF

The Viridian Credit Tracker model shows that credit quality in the cannabis industry has declined due to increased leverage from debt financing and rising interest rates. Trulieve (TCNNF) and TerrAscend (TRSSF) have improved their credit rankings, while MariMed (MRMD) and Vext (VEXTF) have seen declines. The model assesses credit quality based on liquidity, leverage, profitability, and size, and tracks capital raise and M&A activity in the cannabis sector. Companies that manage cash flow and credit quality effectively are expected to benefit from future market upswings.

Portfolio Pulse from Viridian Capital Advisors

December 11, 2023 | 7:02 pm

MDB

MongoDB (MDB) shares are trading higher following the announcement that the company will be added to the Nasdaq-100 Index, which is often seen as a positive indicator of a company's growth and stability.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:53 pm

GGE

Shares of Green Giant Inc. (NASDAQ:GGE) plummeted 40% to $0.15 after the company announced a public offering of units, each comprising one share of common stock and Class A and Class B warrants. The offering's completion and terms are subject to market conditions, with no certainty of completion. Maxim Group LLC is the placement agent for the offering. GGE's 52-week range is $3.30 high and $0.15 low.

Portfolio Pulse from Henry Khederian

December 11, 2023 | 6:51 pm

ARCE

FourWorld Capital Management LLC has reported a 10.38% stake in Arco Platform Ltd. as of November 2, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:38 pm

CDNS

Cadence Design Sys Inc. (NASDAQ:CDNS) saw a slight increase of 0.48% in its share price to $261.19 in the current market session. Despite a 1.30% decrease over the past month, the stock has risen by 59.95% over the past year. The P/E ratio analysis suggests that CDNS, with a lower P/E than the Software industry average, may be undervalued or may not be expected to grow as much as its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:30 pm

LGVC

LGVCU

LGVCW

LAMF Global Ventures Corp. I has announced a second extension of the deadline to complete an initial business combination, moving it from December 16, 2023, to January 16, 2024. This extension is one of up to six one-month extensions allowed under the company's amended and restated memorandum and articles of association.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:21 pm

BLUE

KTTA

MARA

NIR

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

SHEL

Shell plc has agreed to sell a 60% stake in Brazos Wind Holdings and a 50% stake in Madison Fields to InfraRed Capital Partners. Shell will retain power offtake from Brazos and manage both assets, which will benefit from IRA tax credits. The sale is expected to complete by early 2024.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:06 pm

AAP

Activist investors are pressuring Advance Auto Parts to proceed with the sale of its Worldpac unit. The move is aimed at unlocking value and improving the company's financial performance. The article suggests that the sale could attract significant interest from potential buyers.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:05 pm

QCOM

Qualcomm (NYSE:QCOM) has seen a 26.56% increase in short interest since its last report, with 17.99 million shares sold short, representing 1.62% of available shares. It would take 1.71 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Qualcomm's short interest is below its peer group average of 3.72%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:00 pm