Streetbeat News

Regulatory

HITI

Canada's legal cannabis industry is facing a decline in sales and increased bankruptcy filings, attributed to federal government inaction. Omar Khan of High Tide Inc. criticizes the government's lack of engagement, while provinces like Ontario and Alberta take steps to boost legal cannabis accessibility. The federal-provincial disconnect and falling flower prices are contributing to the industry's struggles.

Portfolio Pulse from Patricio Liddle

August 28, 2024 | 12:57 am

VS

Versus Systems has received a notice from Nasdaq regarding a deficiency in meeting the minimum stockholders' equity requirement. The company has until October 7, 2024, to submit a compliance plan.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:45 pm

ETR

NLR

SMR

SO

URA

The Palisades nuclear power plant in Michigan is set to be the first U.S. plant to be recommissioned after being decommissioned, driven by the growing demand for carbon-free energy. Entergy Corp previously owned the plant, which was sold to Holtec International. The U.S. Department of Energy is providing $1.52 billion in loans for its restoration. The AI revolution is increasing electricity demand, with nuclear energy gaining renewed interest. The Biden administration is promoting nuclear power to reduce fossil fuel dependency. The VanEck Uranium and Nuclear Energy ETF and Global X Uranium ETF have shown recent gains.

Portfolio Pulse from Natan Ponieman

August 27, 2024 | 9:43 pm

AMC

GME

GameStop's recent meme stock surge in May 2023 did not attract the same level of retail investor interest as seen in 2021, according to SEC data. Retail participation was about half of what it was during the original frenzy. Despite a significant price increase in May, the stock closed down 2.90% at $20.74 on Tuesday.

Portfolio Pulse from Michael Juliano

August 27, 2024 | 9:40 pm

JEWL

Adamas One has received a notice from Nasdaq regarding non-compliance with listing rules, which could impact its stock listing status.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:29 pm

BTM

Bitcoin Depot has identified material weaknesses in its internal control over financial reporting, which have not been remediated as of June 30, 2024. The company has dismissed KPMG LLP as its independent auditor and appointed Wolf & Company, P.C. in its place.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:11 pm

FRST

Primis Financial has received a delinquency notification letter from Nasdaq's Listing Qualifications Department, indicating potential issues with its compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:06 pm

AMLI

American Lithium has applied to Nasdaq for an extension to meet the minimum price requirement, indicating potential challenges in maintaining its listing status.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:04 pm

EGRX

Eagle Pharmaceuticals has received a delisting notification from Nasdaq due to delayed reports. The company is working to file these reports with the SEC to regain compliance with Nasdaq listing standards.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:34 pm