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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

SAVE

Analyst ratings for Spirit Airlines (NYSE:SAVE) have shown a mix of bearish and indifferent stances over the last quarter, with recent actions including downgrades and a single upgrade. The average 12-month price target for SAVE has significantly decreased to $3.92 from $8.99, indicating a negative outlook. Spirit Airlines faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, suggesting potential difficulties in profitability and financial leverage.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:03 pm

STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for STLD has been raised to $129.25, reflecting a 12.39% increase from the previous target. Analysts from JP Morgan, BMO Capital, Citigroup, and UBS have adjusted their ratings and price targets, indicating varied expectations for the company's performance. Despite facing revenue challenges with a -12.28% decline over the past three months, Steel Dynamics maintains strong profitability metrics, including a net margin of 10.02% and an ROE of 4.78%.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:03 pm

INM

InMed Pharmaceuticals presented positive outcomes from their study on INM-089, showing neuroprotection of photoreceptors, improved function, better integrity of retinal pigment epithelium, and reduction in extracellular autofluorescent deposits, crucial in treating Dry AMD.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:45 pm

ISPR

MSOS

Luna Stower discusses the impact of 280E on cannabis businesses, highlighting that 70%-80% of business costs are labor, which disproportionately affects retailers. They offer a self-sealing unit and an all-in-one solution with a self-seal and auto-filling machine to improve efficiency and help offset 280E costs for cannabis license holders.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:44 pm

APPN

Appian reports preliminary Q1 2024 revenue of $149.8M, surpassing estimates of $149.45M. Cloud subscription revenue is expected to be $86.6M, a 24% increase from Q1 2023. The company anticipates a GAAP net loss between $(33.9)M and $(32.4)M, an improvement from $(36.8)M in Q1 2023. Adjusted EBITDA loss is expected to narrow to between $(2.0)M and $(1.0)M from $(15.8)M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:37 pm

TONUSD

The TON Foundation reports significant growth in Toncoin (TON), attributing it to its increasing integration within Telegram, which boasts over 800 million users. TON's value surged by 54% in the past month, reaching an all-time high of over $7 and entering the top 10 cryptocurrencies by market capitalization. This growth is linked to Telegram's advertising revenue-sharing system and the Open League program, both of which utilize TON. Additionally, the TON Foundation's collaboration with HashKey Group to facilitate fiat to digital asset conversion in the Asia Pacific region and the introduction of a new identity verification system are highlighted as key developments.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 6:30 pm