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Revenues

CRLBF

MSOS

YOLO

Charlie Bachtell, CEO of Cresco Labs, emphasized the need for the cannabis industry to have access to capital for growth at Benzinga's Capital Cannabis Conference. The conference offers live access for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:15 pm

GAME

GameSquare anticipates surpassing $100M in annual revenue with a gross margin of 22.5%-27.5% for 2024, indicating strong financial health and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:12 pm

GAME

GameSquare reported its FY23 earnings with a narrower EPS loss of $(2.81) compared to $(3.26) YoY and a significant revenue increase to $52M from $28.1M YoY. Despite a higher net loss of $31.3M from $18.1M YoY, the adjusted EBITDA loss improved as a percentage of revenue. The company projects over $100M in revenue for 2024, factoring in contributions from its recent acquisition of FaZe Clan.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:12 pm

OTRK

Ontrak projects its Q1 revenue for the period ending March 31, 2024, to be between $2.5 million and $2.9 million, aligning closely with the estimated $2.51 million.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:09 pm

GRAM

MSOS

Laurie Holcomb highlights the global reach of their medical program, noting discussions with various countries in Europe and the Middle East. The company is open to exploring opportunities in other markets, indicating a potential for international expansion.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:06 pm

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