Streetbeat News

Regulatory

FRHC

Citron Research has raised concerns about Freedom Holdings' potential acquisition of a US brokerage firm in Maxim, citing the company's failure to file a 10k, missed extension deadlines, departure of their auditor, and sanctions and suspensions by the PCAOB. Citron also questioned the lack of regulatory intervention from the SEC, NASDAQ, and DOJ, and called for increased accountability and scrutiny of companies like Freedom Holdings.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:24 pm

DSS

DSS Inc. has announced an updated shareholder of record date for the spinoff of Impact BioMedical Inc. to July 10, 2023, pending SEC clearance. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact Biomedical Inc. for every one share of DSS, Inc. on a future distribution date. The distribution is subject to the already filed S-1 being declared effective for registering the distribution.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:22 pm

CCL

JOBY

MEDS

NERV

TNA

Benzinga's Stock Whisper Index highlights five stocks warranting attention for the week of June 29, 2023. These include Joby Aviation (JOBY), which saw shares soar after receiving a Special Airworthiness Certificate; Minerva Neurosciences (NERV), which saw shares rise after a $20 million investment; Carnival Corporation (CCL), which reported better-than-expected Q2 results; TRxADE Health (MEDS), which saw shares surge year-to-date but sold off after news of an acquisition; and Direxion Small Cap Bull 3X Shares (TNA), an ETF that saw a sharp rise in interest from readers.

Portfolio Pulse from Chris Katje

June 30, 2023 | 2:21 pm

ETHUSD

SOLUSD

Ethereum co-founder Vitalik Buterin expressed concern over the SEC's recent actions towards Solana and other blockchain projects. The SEC has categorized Solana’s SOL token as a security, which could lead to potential delisting from cryptocurrency exchanges and additional compliance requirements. Solana has challenged this classification, maintaining that it operates as a decentralized network.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 2:14 pm

CCHWF

CRLBF

CURLF

GTBIF

TCNNF

TRSSF

VRNOF

Maryland is set to launch adult-use cannabis sales on July 1, becoming the 20th state in the US to do so. Existing medical marijuana dispensaries in the state, including Curaleaf (CURLF), TerrAscend (TRSSF), Green Thumb Industries (GTBIF), Cresco Labs (CRLBF), Columbia Care (CCHWF), Verano (VRNOF), and Trulieve (TCNNF), are ready to transition to adult-use cannabis shops. The move is expected to attract a large number of customers, including from neighboring states where recreational marijuana is not legal.

Portfolio Pulse from Maureen Meehan

June 30, 2023 | 2:13 pm

SIVBQ

SPY

U.S. Senator Elizabeth Warren has raised questions about Goldman Sachs' profiting from the failure of Silicon Valley Bank, according to a letter cited by Reuters.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:09 pm

BLK

FNF

The Securities and Exchange Commission (SEC) has deemed recent applications for spot bitcoin exchange-traded funds (ETFs) as inadequate. The filings, submitted by asset managers including Blackrock and Fidelity, were found to be unclear and not comprehensive.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:38 pm

ACRHF

CURLF

GTBIF

The Coalition for Access to Regulated and Safe Cannabis (CARSC), which includes Acreage Holdings, Inc (ACRHF), Curaleaf Holdings, Inc. (CSE:CURA) (CURLF), Green Thumb Industries Inc. (GTBIF) and PharmaCann, protested against the slow rollout of New York's recreational cannabis market. The group is demanding the state issue additional marijuana business licenses. CARSC had previously filed a lawsuit against New York's Office of Cannabis Management for allegedly violating the state's legalization law.

Portfolio Pulse from Jelena Martinovic

June 30, 2023 | 1:33 pm

Deere & Co has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 1:33 pm

AREC

Advanced Magnet Lab, Inc. (AML) has received a patent allowance for its innovative method of manufacturing magnets that contain both rare earth and non-rare earth elements. AML is an investment and offtake partner of American Resources Corporation (AREC).

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 1:31 pm