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ACB

CGC

TLRY

Canopy Growth Corp. (NASDAQ:CGC) is focusing on a 'brand-first' strategy through its Canopy USA entity, which includes brands like Wana and Jetty. Analyst Pablo Zuanic suggests this positions Canopy for growth, especially with potential federal regulatory changes. Canopy's asset-light approach contrasts with Canadian peers like Tilray and Aurora, focusing on brand expansion rather than cultivation.

Portfolio Pulse from Nicolás Jose Rodriguez

October 08, 2024 | 2:38 pm

GK

MSOS

Investor Ross Gerber highlights the potential growth in the cannabis and music festival industries, estimating a $50B-$60B annual opportunity in the U.S. He notes the current market cap of Canadian public cannabis companies is $10B-$15B, with a $200B-$300B growth potential.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:33 pm

LVS

Las Vegas Sands (LVS) shares fell 3.26% due to a significant selloff in Chinese markets, driven by disappointment over Beijing's lack of bold fiscal stimulus. The company's reliance on Macau, a major revenue source, makes it vulnerable to China's economic fluctuations.

Portfolio Pulse from Henry Khederian

October 08, 2024 | 2:31 pm

RRX

Regal Rexnord (NYSE:RRX) has delivered an impressive annualized return of 18.67% over the past 5 years, outperforming the market by 4.64%. A $100 investment in RRX 5 years ago would now be worth $234.14, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:30 pm

ETN

Eaton Corp (NYSE:ETN) has significantly outperformed the market over the past 15 years, with an annualized return of 17.47%. A $100 investment in ETN 15 years ago would now be worth $1,161.47, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:30 pm

TSNDF

TerrAscend Corp. is set to report its Q3 2024 earnings on November 6, 2024. The company has shown revenue growth and secured a $140 million term loan to improve its financial position. Additionally, TerrAscend announced a $10 million share repurchase program, indicating confidence in its future.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 2:23 pm

MSOS

Beau Whitney, Founder & Chief Economist at Whitney Economics, highlights the growth potential in the retail cannabis sector, noting that cultivation is oversubscribed due to excessive licensing. He suggests a state-by-state approach to tap into the $48 billion investment potential by 2030.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:06 pm

MSOS

Beau Whitney, Founder & Chief Economist at Whitney Economics, reports a midpoint of $92 billion in opportunities in the cannabis industry through 2035. However, by the end of 2023, there are over $3.8 billion in delinquent account receivables, indicating financial health concerns in the industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:04 pm

MSOS

Beau Whitney, Founder & Chief Economist at Whitney Economics, discusses an upcoming report forecasting 2024 total retail sales in the cannabis industry to be around $34 billion. Growth is expected from new and emerging markets, while mature markets are considered saturated.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:03 pm

UFPI

UFP Industries (NASDAQ:UFPI) has received mixed analyst ratings, with recent upgrades in price targets. Analysts have raised their price targets, reflecting a more optimistic outlook. However, the company faces challenges with declining revenue growth and below-average financial metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:01 pm