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HROW

Harrow Health has acquired US & Canadian rights to certain eye disease products and announced a $60 million equity offering. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:49 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) has launched GreenThumb 2.0, an enhanced version of its proprietary greenhouse management and demand planning system. The new system offers improved automation, dynamic forecasting abilities, and efficient use of real-time data. It also features an upgraded purchase order screen for seamless integration and consolidation of all purchase order data from Oracle's Netsuite platform. The system is designed to optimize processes, reduce costs, and provide real-time transparent access to data for all departments.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:47 pm

Goldman Sachs CEO has announced that the company will continue with its share repurchase program despite facing significant headwinds to its business. The CEO also warned of a period of lower results ahead.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:39 pm

JXJT

JX Luxventure Limited (NASDAQ:JXJT) has announced a $1M agreement with Tianjin Baixing Pharmaceutical Wholesale Co., Ltd. to develop a medical ERP management platform incorporating ChatGPT type technology. The company has been exploring the use of artificial intelligence in its service project industry chain and believes this product will improve operational efficiency, service delivery, and simplify business processes.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:38 pm

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SMG

UNRV

The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

DIA

DOW

IBM

MMM

WBA

The Dow Jones Industrial Average has entered a bull market, attracting investors to its 30 components. The SPDR Dow Jones Industrial Average ETF (DIA) has seen three consecutive months of net inflows, amassing over $1.3 billion in the last three months. The Dow Jones components are trading at a more attractive multiple than those in the S&P 500 and Nasdaq 100. The top 5 high-dividend stocks in the Dow Jones Industrial Average are International Business Machines Corp. (IBM), Dow Inc. (DOW), 3M Company (MMM), Walgreens Boots Alliance, Inc. (WBA), and Verizon Communication, Inc. (VZ).

Portfolio Pulse from Piero Cingari

July 19, 2023 | 1:21 pm

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NDAQ

Nasdaq (NDAQ) has halted its plans for a crypto custody service due to regulatory conditions in the U.S. The service was planned to go live in Q2 this year. The firm had applied to the New York Department of Financial Services for a limited-purpose trust company to oversee the custody business. This move is seen as a setback for institutional adoption of crypto in the U.S.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:15 pm

TREE

LendingTree has announced Scott Peyree as the new Chief Operating Officer and President of Marketplace Businesses, succeeding J.D. Moriarty. Peyree joined LendingTree in 2018 through the acquisition of QuoteWizard and has since played a crucial role in the company's insurance vertical. In his new role, Peyree will oversee marketplace businesses, sales, marketing, and continue to manage the insurance vertical.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:09 pm

PBPB

Potbelly Corporation (NASDAQ:PBPB) has signed a 27-shop agreement with its founder Bryant Keil and his son Hampden in Maryland. The deal includes the development of 15 new Potbelly shops over the next eight years and the refranchising of 12 existing locations. This is part of Potbelly's Franchise Growth Acceleration Initiative, aiming to reach 2,000 shops over the next decade, with at least 85% of those locations being franchised.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:04 pm

FLGC

Tiffany Woodman, CEO and founder of Canna Bella Lux, addressed the issue of gender equity in the cannabis industry at the Benzinga Cannabis Capital Conference. She questioned why women in leadership roles are not given substantial financial stakes in the companies they lead. However, she also highlighted positive strides within the industry, citing the progress of Jessie Casner at Flora Growth Corp. (NASDAQ:FLGC).

Portfolio Pulse from Joana Scopel

July 19, 2023 | 12:59 pm