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Good Day Farm and NOLA PharmaHoldings are raising $65.6 million to expand in the medical cannabis market. This move highlights the growing M&A activity in the cannabis industry, driven by valuation disparities and cost of capital advantages for larger MSOs like Curaleaf, Green Thumb Industries, and Trulieve Cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

June 26, 2024 | 5:57 pm

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Nexalin Technology is offering up to $7 million of common stock at $2.26 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:40 pm

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Alvotech shares are trading lower after the company announced that holders of majority subordinated convertible bonds elected to convert the principal and accrued interest into ordinary shares at $10.00 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:39 pm

TVGN

Tevogen Bio has filed a registration statement on Form S-1 to register the issuance of previously disclosed shares of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:49 pm

NVDA

At the NVIDIA Annual General Meeting (AGM), all 12 director nominees were elected to serve until the 2025 annual meeting or until their successors are elected or appointed.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:26 pm

ORMP

Oramed Pharmaceuticals shares are trading higher following the announcement of a $20 million buyback program and the finalization of a joint venture with Hefei Tianhui Biotech.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:41 pm

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The six largest U.S. banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bancorp, and PNC Financial Services, have significantly increased their share buybacks despite recent stress tests. These banks collectively repurchased over $14 billion in shares in Q1 2023, a 73% increase from the previous six months. The Federal Reserve's potential easing of capital-rule proposals has likely influenced this decision.

Portfolio Pulse from Michael Juliano

June 26, 2024 | 3:37 pm

ALUR

Allurion Technologies shares are trading lower following the announcement of an underwritten public offering of up to $20 million in common stocks and warrants.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:36 pm

DMAC

DiaMedica Therapeutics shares are trading higher following the announcement of an $11.8 million private placement, issuing 4.720 million shares at $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:19 pm

RELI

Reliance Global Group shares are trading lower following the announcement of a 1-for-17 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:03 pm