Streetbeat News

Revenues

CRON

Cronos Group is exiting its US hemp-derived CBD operations by Q2 2023 to improve cash flow and position itself for the US THC market when regulatory conditions change. The company is increasing its 2023 operating expense savings target to $20-$25 million and plans to bring the Lord Jones brand to the Canadian market in Q4 2023.

Portfolio Pulse from Nina Zdinjak

June 01, 2023 | 2:19 pm

INNPF

Innocan Pharma Corporation reported Q1 2023 revenue of $1.6 million, a 500% increase compared to Q1 2022, mainly due to increased sales from its subsidiary, B.I. Sky Global Ltd. Gross profit was $1.4 million, and gross profit margin was 87.8%. The company's cash balance stood at $4.1 million as of March 31, 2023.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 1:51 pm

KSCP

Knightscope (NASDAQ:KSCP) has fulfilled a $1.2 million contract for its K1 Call Boxes, expanding the Kenneth Hahn Call Box System by 210 units. This comes just weeks after securing a separate $1.25 million contract from Rutgers University.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:36 pm

GLDD

Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $186.6 million in awarded work, which includes several dredging projects.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:25 pm

DZSI

DZS announced it will restate its Q1 2023 financial statements and lowered its FY23 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:24 pm

GRIL

Muscle Maker, Inc. reported top line revenue of over $58.9 million for April 2023, showcasing strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:10 pm

POSAF

POSaBIT Systems Corporation reported Q1 FY23 revenue of $11.5 million, an 82% YoY increase, with a gross profit of $2.3 million. However, the company posted a net loss of $3.0 million and an adjusted EBITDA of negative $1.9 million. POSaBIT reaffirmed its full-year 2023 revenue guidance of $58.5 to $61.5 million.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 1:05 pm

BSFC

Blue Star Foods (NASDAQ: BSFC) has signed a $1 million supply agreement with Bloomin' Brands to provide pasteurized crab meat for its Outback Steakhouse. The contract started in April and will run through the remainder of 2023.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:44 pm

GP

GreenPower Motor Company has delivered three BEAST all-electric school buses to its exclusive dealer Creative Bus Sales (CBS) and is preparing for additional orders. CBS has over 40 Type D BEAST and Type A Nano BEAST school buses with approved or pending HVIP voucher funding.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:37 pm

EBAY

eBay has expanded its Authenticity Guarantee to streetwear, covering items sold for $200+ from brands like Aimé Leon Dore, KITH, Off-White, and Stone Island. The service will expand to include brands like adidas, Nike, Gucci, and Louis Vuitton by the end of September. eBay's luxury categories have experienced double-digit annualized growth from Q4 2019 to Q4 2022.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:19 pm