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EWJ

EWY

SPY

North Korea announced it launched a space rocket in the early hours of Thursday, with an accident occurring during the second spy satellite launch, according to Reuters citing KCNA.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:18 pm

LYT

Lytus Technologies has received a notification from Nasdaq about its noncompliance with audit committee requirements. The company is expected to take necessary steps to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:14 pm

SMID

Smith-Midland Corporation (SMID) has received a letter from Nasdaq due to a delay in filing its Form 10-Q. The company has engaged a new audit firm, BDO, to address the issue.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:13 pm

GNLN

Greenlane Holdings (GNLN) received a deficiency letter from Nasdaq stating that for the last 30 consecutive business days, the closing bid price for the company's Class A common stock had been below the minimum $1.00 per share.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:42 pm

GRAMF

The California attorney general's office is investigating the potential legal implications of interstate cannabis commerce in light of federal prohibition. Three organizations have assured that such commerce would not significantly risk federal enforcement. This follows similar legislation in Oregon and Washington State. The California Cannabis Authority (CCA) believes the Controlled Substances Act (CSA) would not preempt California's moves towards interstate cannabis commerce. In separate news, the Teamsters have raised concerns about a 'fake union' linked to cannabis company Caliva, associated with Jay-Z, which operates under The Parent Co Holding Corp. (OTCPK: GRAM) (OTC:GRAMF).

Portfolio Pulse from Joana Scopel

August 23, 2023 | 8:39 pm

DIS

SPY

The Walt Disney Company's (NYSE:DIS) stock performance has been impacted by Florida Governor Ron DeSantis's actions and policies. DeSantis revoked Disney's autonomous privileges over its Orlando, Florida region and enacted a bill removing Disney's unique authorities. This has led to a series of lawsuits. An investment of $1,000 in Disney stock when DeSantis took office in 2019 would be worth $764.48 today, a decrease of 23.6%. In comparison, a $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would have increased by 85.8% over the same period.

Portfolio Pulse from Chris Katje

August 23, 2023 | 8:05 pm

JAZZ

Pharmaceutical company Verdemed has received five approvals from the Brazilian Health Regulatory Agency, making it the leader in authorized cannabis-based medications in Brazil. The company now offers products such as Canabidiol Verdemed, a counterpart to Jazz Pharmaceuticals' Epidiolex. Verdemed plans to double its product sales by the end of 2024 and is set to channel investments into research and development. The company has also initiated a new investment round to raise $3 million and plans to undertake an IPO on the Toronto Stock Exchange.

Portfolio Pulse from Javier Hasse

August 23, 2023 | 7:57 pm

EWJ

Japan's Chief Cabinet Secretary Matsuno has announced that recent missile launches pose a threat to regional security, not just Japan. A National Security Committee meeting will be convened soon.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:51 pm

USO

XLE

The Biden administration is in talks with Venezuela about potentially lifting sanctions in exchange for a commitment to hold fair elections in 2024. The sanctions have impacted Venezuela's oil sales, a country with the highest proven reserves of crude oil. The United States Oil Fund ETF (NYSE:USO) and the Energy Select Sector SPDR Fund (NYSE:XLE) fell 1.02% and 0.5% respectively.

Portfolio Pulse from Piero Cingari

August 23, 2023 | 7:49 pm

TRSSF

TSX:TSND

TerrAscend Corp. (TSX:TSND) (OTCQX:TRSSF) has raised $21 million in equity and senior unsecured convertible debentures and listed on the Toronto Stock Exchange, freeing it from U.S. regulatory constraints. The company's stock now trades under the ticker symbol 'TSND'. The listing has given TerrAscend access to more institutional capital and investors. Morgan Stanley has also removed all restrictions from the stock. TerrAscend's Q1 results reported a 42.8% YoY increase in revenue and a positive free cash flow of $5.9 million.

Portfolio Pulse from Jelena Martinovic

August 23, 2023 | 7:44 pm