Streetbeat News

Revenues

COIN

Glassnode, in collaboration with Coinbase International (NASDAQ:COIN), released a Q2 crypto market guide focusing on Bitcoin (BTC) and Ethereum (ETH). The report highlights Bitcoin's historical performance, with an annualized return of 124% from 2013 to 2023, and significant volatility. It also notes the approval of spot Bitcoin ETFs by the SEC in January 2024, leading to record inflows. Ethereum's growth is attributed to upgrades and the expanding DeFi ecosystem, with a notable increase in the total value locked. Both cryptocurrencies have seen derivatives markets growth, with expectations of further activity due to the Bitcoin Halving and potential approval of Ether ETFs.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 7:57 pm

GRAM

MSOS

Laurie Holcomb attributes a 6%-7% decrease in retail store revenues to the sale of hemp products, including D8 and D9, in smoke shops. Holcomb advocates for the sale of hemp products through regulated stores and channels.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:52 pm

MSOS

VRNOF

Darren Weiss commented on achieving a higher ROI by focusing on a slower ramp and limiting offerings in specific markets. The context was provided during a discussion at the Cannabis Capital Conference, which is accessible to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:47 pm

CURLF

MSOS

Matt Darin predicts significant global development in the coming years, with a particular emphasis on rapid growth in the Australia market and New Zealand. The Cannabis Capital Conference offers live access for existing and new subscribers to explore these trends further.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:44 pm

BAC

SPY

In a CNBC interview, Bank of America CEO Moynihan reported a slowdown in consumer spending and the economy, noting it's taking longer than the Fed anticipated. He also mentioned a lack of robust loan demand due to high costs.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:44 pm

MSOS

VRNOF

At Benzinga's Cannabis Capital Conference, Verano President Darren Weiss highlighted the company's role in the global cannabis supply chain, projecting the Florida market to reach $3B in the next couple of years and the worldwide market to exceed $100B over the next 6 years.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:38 pm

GRAM

MSOS

At Benzinga's Cannabis Capital Conference, Gold Flora CEO Laurie Holcomb discussed the competitive California cannabis market, highlighting the company's complete supply chain from cultivation to distribution. Gold Flora aims for a 66% adjusted gross margin in a challenging market and plans to expand its business model to other states.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:37 pm

CURLF

MSOS

Matt Darin discussed the absence of 280E tax regulation in Europe, highlighting the advantage for cannabis companies in terms of cash flow and supply chain efficiency. He emphasized the unique opportunity to grow, process, manufacture, and distribute cannabis from a single point in Europe, contrasting it with the regulatory environment in other regions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:34 pm

CURLF

MSOS

Curaleaf CEO Matt Darin announced at Benzinga's Cannabis Capital Conference that the company expanded into Europe three years ago, making it a core focus. He highlighted the international opportunity to scale globally and the capability to import/export cannabis.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:33 pm

MSOS

The Benzinga Cannabis Capital Conference is currently underway, offering insights on how cannabis impacts the world economy from leading public companies (PubCos). Existing subscribers can access the conference live, while new users can gain instant access through a provided link.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:26 pm