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VEXTF

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:52 pm

GTBIF

Green Thumb Industries Inc. (OTC:GTBIF) reported strong Q2 2024 financial results with an 11% increase in revenue to $280 million, a net income of $20.7 million, and an adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:15 pm

RKLB

Rocket Lab has introduced its Advanced Satellite Dispenser (ASD) at the Small Satellite Conference in Logan, Utah. The ASD is a cost-effective and versatile deployment mechanism for small satellites, building on the company's successful Canisterized Satellite Dispenser (CSD) technology.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:09 pm

OTTR

Otter Tail Corporation has increased its FY24 EPS guidance from $6.23 - $6.53 to $6.77 - $7.07, citing continued strength in its Plastics segment. Despite strong quarterly results in the Manufacturing segment, the company anticipates demand-related headwinds in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:05 pm

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Simone Biles made history at the 2024 Summer Olympics by winning three gold medals and one silver, becoming the most decorated U.S. gymnast. This comes after her controversial withdrawal from the 2020 Olympics for mental health reasons, which was criticized by J.D. Vance, now a vice-presidential pick. The 2024 Olympics were aired on Comcast's NBC and streamed on Peacock. Biles' sponsors, including Gap's Athleta, Nike, Visa, and Coca-Cola, have shown strong support for her.

Portfolio Pulse from Chris Katje

August 05, 2024 | 9:56 pm

LUMN

Lumen Technologies (NYSE:LUMN) shares surged 53.28% after-hours following the announcement of securing $5 billion in new business driven by AI demand. The company is also in discussions for an additional $7 billion in sales opportunities. Lumen has created a new Custom Networks division to manage its Private Connectivity Fabric solutions, addressing the needs of hyperscalers and large organizations.

Portfolio Pulse from Erica Kollmann

August 05, 2024 | 9:29 pm

IPI

Intrepid Potash (IPI) expects its 2024 potash production to be approximately 15% higher than in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:08 pm

LUMN

Lumen Technologies shares are trading higher after the company announced it secured $5 billion in new business from companies seeking to quickly secure their fiber capacity.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:59 pm

NEXT

NextDecade Corporation (NASDAQ:NEXT) has announced that its subsidiary Rio Grande LNG Train 4, LLC has signed a $4.3 billion EPC contract with Bechtel Energy Inc. for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility. The total estimated project costs are expected to be $6.0-$6.2 billion. The company aims for a positive Final Investment Decision in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:55 pm

LUMN

Lumen Technologies has secured $5 billion in new business driven by AI-fueled demand for connectivity. The company is also in discussions for an additional $7 billion in sales opportunities. To meet this demand, Lumen will double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:48 pm