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GNLN

UGRO

Ancillary companies in the cannabis industry are gaining attention due to their ability to list on US exchanges and access banking services. These companies, which do not directly touch the cannabis plant, are seen as a good investment opportunity. Key figures in the sector, including Gary Santo of Meridius Capital Advisors and Craig Snyder, CEO of Greenlane Holdings (NASDAQ:GNLN), highlighted the importance of customer success, trust, and collaboration in the industry. Bradley Natrass, CEO of Urban-gro, Inc (NASDAQ:UGRO), emphasized the importance of trust and transparency in business relationships.

Portfolio Pulse from Franca Quarneti

September 28, 2023 | 9:38 pm

WETG

WeTrade Group has announced several changes in its leadership. Zheng Dai has been appointed as Chairman, effective from September 22, 2023. Lina Jiang has been appointed as CEO and Xiaodong An as Interim CFO. Xianzhi Liu has also been appointed as a director of the Board of the Company.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:33 pm

ARMK

KSS

Aramark's spinoff, Vestis, will be added to the S&P MidCap 400, effective prior to the opening of trading on October 2. This will replace Kohl's Corp. (NYSE:KSS), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:27 pm

DHR

DXC

Danaher Corporation's spinoff company, Veralto, will be added to the S&P 500, replacing DXC Technology, effective prior to the open of trading on October 2.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:23 pm

CMG

Bill Ackman, the founder of Pershing Square Capital Management, has stated that Chipotle Mexican Grill (CMG) is one of the best investments his firm has made.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:51 pm

EAF

GrafTech's CEO and President, Marcel Kessler, has announced his intention to step down from his roles effective November 15, 2023, due to family reasons. He will resign as an employee of the company effective December 31, 2023, but will continue to serve on the Board. The Board has appointed Timothy K. Flanagan and Catherine Hedoux-Delgado as interim CEO and CFO respectively, effective November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:40 pm

FATH

Fathom Digital Manufacturing Corp. (FATH) has announced that its 1-for-20 reverse stock split has become effective on September 28, 2023. The reverse stock split reduced the number of issued and outstanding shares of the company's Class A common stock from approximately 70.1 million to approximately 3.5 million. The primary goal of the reverse stock split is to increase the per share market price of the company's Class A common stock to meet the minimum $1.00 average closing price requirement for continued listing on the NYSE.

Portfolio Pulse from Happy Mohamed

September 28, 2023 | 8:35 pm

AZEK

AZEK has announced that Peter Clifford will assume a dual role as Chief Operations Officer and CFO, effective from October 1, 2023. Additionally, Randy Herth has been promoted to Vice President, Chief Accounting Officer and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:34 pm

DDOG

A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $80.0 to $150.0 for Datadog over the last 3 months. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:34 pm

NKLA

Nikola Corporation (NKLA) has launched its hydrogen fuel cell electric vehicle at its manufacturing facility in Coolidge, Arizona. The truck features a range of up to 500 miles and an estimated fueling time as low as 20 minutes. Nikola and its dealers have received 223 non-binding orders for its hydrogen fuel cell electric trucks from 23 customers. The company has also been awarded potential grant funds to help facilitate the ongoing development of hydrogen refueling stations.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:31 pm