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MSOS

Aaron Miles of Verano Holdings discussed the company's recent $350 million investment, likening it to 'putting $350M on a credit card'. The discussion was part of a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:09 pm

MSOS

PSIL

VICE

YOLO

The Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a significant step towards cannabis reform. This regulatory milestone would allow legal cannabis businesses to access banks and financial institutions. The panel discussion at the Benzinga Cannabis Capital Conference included representatives from Poseidon Investment Management, AdvisorShares, Entourage Effect Capital, and Eminence Capital. The panelists discussed the potential for increased investment in the cannabis sector and the expected consolidation of the industry.

Portfolio Pulse from Jelena Martinovic

September 27, 2023 | 8:08 pm

NAPA

Alex Ryan is retiring from his role as President, CEO, and Chairman of The Duckhorn Portfolio. The board has appointed Deirdre Mahlan, an industry veteran, as interim President, CEO, and Chairperson, and has begun searching for a new leader.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:08 pm

FUL

H.B. Fuller has revised its fiscal 2023 outlook, expecting net revenue to be between $3.50 billion and $3.55 billion, down 4.5% to 5.5% from fiscal 2022 due to lower volume expectations. Adjusted EBITDA is expected to be between $580 million and $590 million, reflecting higher margins and contributions from acquisitions. Adjusted EPS is expected to be between $3.80 and $3.90, down 2.5% to 5.0% YoY. The company also expects to generate between $40 and $45 million in annual pre-tax run-rate cost savings from restructuring.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:08 pm

MSOS

A presentation titled 'Building a Successful Cannabis Business While Regulations Catch Up' has begun at the Benzinga Cannabis Capital Conference. The US-listed ETF MSOS may be mentioned during the presentation.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:07 pm

OPRA

Opera Limited has announced a proposed secondary follow-on public offering of 6.87 million American Depositary Shares (ADS).

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:07 pm

ADI

UBER

Uber Technologies Inc. has hired Prashanth Mahendra-Rajah, a semiconductor executive and finance veteran, as its new CFO. Mahendra-Rajah, who has been CFO at Analog Devices Inc. for six years, will officially start his new role on November 13.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:05 pm

KF

The Korea Fund, Inc. (NYSE:KF) has appointed Citigroup Global Markets Inc. as its agent and broker for implementing its Discount Management Program. The program allows the fund to repurchase annually up to 10% of its common shares outstanding as of the close of business on June 30th of the prior year. The repurchases will be made on a national securities exchange at the prevailing market price. The program aims to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (NAV) per share.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:04 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $75.0 to $120.0 for Taiwan Semiconductor over the last 3 months. The price of TSM is up 0.93% at $85.07, and RSI indicators suggest that the stock may be oversold. The next earnings are expected to be released in 15 days.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:16 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 53% of investors opening trades with bearish expectations. The majority of spotted trades are puts, totaling $874,800, while calls total $69,214. Whales have been targeting a price range from $26.0 to $45.0 for GM over the last 3 months. UBS has upgraded its action to Buy with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm