Streetbeat News

Regulatory

ACB

CLVR

CRON

GRWG

HITI

MSOS

OGI

SNDL

Cannabis stocks are trading higher due to continued momentum amid US efforts to reschedule marijuana. Stocks mentioned include ACB, CLVR, CRON, GRWG, HITI, MSOS, OGI, SNDL.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 6:14 pm

TLRY

Shares of Tilray Brands, Inc. (NASDAQ:TLRY) are trading higher due to continued momentum in the cannabis sector, driven by U.S. efforts to reschedule marijuana. The stock has seen heavy trading volume with over 43 million shares traded, compared to its 100-day average of 27.631 million shares. TLRY shares are up more than 45% over the last 30 days.

Portfolio Pulse from Erica Kollmann

September 11, 2023 | 5:57 pm

BNTX

PFE

The FDA has authorized the Pfizer-BioNTech COVID-19 vaccine for use in children aged 6 months to 11 years old. This is the first COVID-19 vaccine authorized for this age group in the US.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:39 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) saw a surge of over 50% on Monday due to a change in sentiment in the cannabis sector, driven by the Department of Health and Human Services' proposal to reclassify marijuana to a lower-risk drug category. The company's stock has risen about 230% since August 30, indicating a high level of interest and a possible sector reversal. The stock is expected to trade sideways on Tuesday and possibly Wednesday, forming an inside bar pattern, which would lean bullish for a continuation higher.

Portfolio Pulse from Melanie Schaffer

September 11, 2023 | 5:36 pm

SPY

VGK

The U.S. State Department has announced that it will closely monitor the outcome of the meeting between Putin and Kim. It also stated that the U.S. will not hesitate to impose new sanctions on North Korea.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:31 pm

JPM

JPMorgan Chase CEO Jamie Dimon has warned of potential economic risks stemming from quantitative tightening, fiscal spending, and war. He expressed concerns over the potential impacts of these factors on the economy.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:06 pm

BTCUSD

The Financial Accounting Standards Board (FASB) has changed its rules to make Bitcoin ownership more practical for public companies. The new rules, expected to be published by the end of the year and go into full effect in 2025, will allow companies to regularly assess and report the fair market value of their Bitcoin position, capturing both unrealized gains and losses on a quarterly basis. This change is expected to accelerate the integration of Bitcoin into mainstream financial markets.

Portfolio Pulse from David Waugh

September 11, 2023 | 4:58 pm

FXI

SPY

U.S. Deputy Treasury Secretary Adeyemo stated that the U.S. is well-positioned to withstand headwinds from China's economic slowdown, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:40 pm

KERN

Shares of Akerna Corp (NASDAQ:KERN) are trading higher by 18.6% amid continued momentum in cannabis stocks due to U.S. efforts to reschedule marijuana. The Department of Health and Human Services (HHS) has proposed reclassifying marijuana to a lower-risk drug category, which has positively impacted the cannabis industry. Akerna Corp has a 52-week high of $4.76 and a 52-week low of $0.26.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 4:37 pm

SNDL

Shares of SNDL Inc (NASDAQ:SNDL) are trading higher by 5.4% amid continued momentum in cannabis stocks due to U.S. efforts to reschedule marijuana. The Department of Health and Human Services (HHS) has proposed reclassifying marijuana to a lower-risk drug category, which has led to a rise in cannabis stocks over the past week. SNDL has a 52-week high of $3.36 and a 52-week low of $1.25.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 4:37 pm