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Equity Actions

BTI

OGI

Canadian cannabis company Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) has announced a $91.2 million strategic equity investment from BT DE Investments Inc., a subsidiary of British American Tobacco (BAT) (NYSE:BTI). The investment will be used to create a strategic investment pool, Jupiter, which will target emerging cannabis opportunities. This transaction increases BAT's voting Common Share ownership position to 30% and overall equity interest to 45% in Organigram. The first tranche of the investment is expected to close on January 16, 2024.

Portfolio Pulse from Jelena Martinovic

November 06, 2023 | 1:35 pm

ALGN

Align Technology has announced a $100M open market repurchase of its stock. Additionally, the company's President and CEO, Joe Hogan, intends to personally purchase $1M of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:34 pm

OGI

Organigram has announced a C$124.6 million investment from BAT and the creation of a strategic investment pool named 'Jupiter'. This has led to a rise in Organigram's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:32 pm

BMBL

Whitney Wolfe Herd, the CEO of Bumble Inc., is stepping down from her position. She will be succeeded by Lidiane Jones, the current CEO of Slack Technologies, starting from January 2. Wolfe Herd will continue to serve the company as an executive chair.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:18 pm

ENVB

Enveric Biosciences has entered into a purchase and registration rights agreement with Lincoln Park Capital Fund. Under the agreement, Lincoln Park has committed to purchase up to $10M of Enveric's common stock, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:17 pm

ETR

UBS analyst Daniel Ford has upgraded Entergy (NYSE:ETR) from Neutral to Buy and raised the price target from $103 to $118.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:13 pm

EVLV

Evolv Technologies Holdings announced that Alan Cohen intends to step down as Chairman of the Board. Neil Glat has been appointed to succeed him, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:13 pm

PK

Barclays analyst Anthony Powell has upgraded Park Hotels & Resorts (NYSE:PK) from Equal-Weight to Overweight and raised the price target from $16 to $19.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:04 pm

BYON

OSTK

Beyond, Inc., formerly Overstock.com. Inc., announced a leadership transition with Jonathan Johnson stepping down as CEO. David Nielsen has been appointed as Interim CEO and President, while CFO Adrianne Lee will expand her responsibilities to oversee legal and human resources functions.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:04 pm

CSR

Compass Point analyst Merrill Ross has upgraded Centerspace (NYSE:CSR) from Neutral to Buy and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 12:53 pm