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GURE

Gulf Resources, Inc. (GURE) has been instructed by the government of Shouguang City to temporarily close its bromine and crude salt facilities from December 25, 2023, to February 20, 2024. This closure is part of the government's efforts to reduce winter air pollution and improve brine resource efficiency. The closure will result in a temporary halt in production, with an additional 15 days of production in Q4 2023 compared to the previous year, but a loss of 19 days in Q1 2024. The company notes that bromine sales typically slow in winter due to the Chinese New Year holidays.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:33 pm

DSS

DSS, Inc. (NYSE: DSS) has announced a 1-for-20 reverse stock split effective January 4, 2024, to comply with NYSE American listing requirements. The split will trade on a post-split basis starting January 5, 2024. The reverse split aims to address the low share price issue and maintain the company's listing. All shareholders will be affected uniformly, and no fractional shares will be issued. Equiniti Trust Company, LLC will provide instructions for exchanging stock certificates.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin (BTC) remained stable, Ethereum (ETH) rose over 3%, and Dogecoin (DOGE) fell about 1.2% in the last 24-hour trading session. Bitcoin's movement echoed the general market, which was flat after the PCE index inflation report. Both Bitcoin and Ethereum recently broke out from symmetrical triangle patterns, indicating a potential shift in momentum. Bitcoin is facing resistance at $45,000 and $45,814, with support at $42,233 and $39,600. Ethereum has resistance at $2,317 and $2,461, with support at $2,140 and $2,020. Dogecoin is consolidating between $0.09 and $0.099, with resistance at $0.099 and 12 cents, and support at 9 cents and $0.083.

Portfolio Pulse from Melanie Schaffer

December 22, 2023 | 9:31 pm

EEX

INNPF

LOWLF

MEDIF

OGI

TCNNF

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm

HON

Over the past 20 years, Honeywell Intl (NASDAQ:HON) has produced an average annual return of 9.85%, outperforming the market by 2.33% annually. With a current market cap of $135.57 billion, a $100 investment in HON 20 years ago would be worth $651.61 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:30 pm

YUM

Over the past 20 years, Yum Brands (NYSE:YUM) has produced an average annual return of 12.49%, outperforming the market by 4.97% annually. A $100 investment in YUM stock 20 years ago would be worth $1,061.18 today. Yum Brands currently has a market capitalization of $36.44 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:30 pm

CARA

CGC

CRBP

NEPT

PMD

TLRY

UGRO

The marijuana stock market saw significant movement on December 22, 2023, with a number of stocks experiencing substantial gains, while a few faced notable losses. Neptune Wellness Solns (NEPT), Cara Therapeutics (CARA), Canopy Growth (CGC), Tilray Brands (TLRY), Corbus Pharmaceuticals (CRBP), Green Thumb Industries (GTBIF), Curaleaf Holdings (CURLF), Cresco Labs (CRLBF), Trulieve Cannabis (TCNNF), SNDL (SNDL), Cronos Group (CRON), GrowGeneration (GRWG), Aurora Cannabis (ACB), 22nd Century Group (XXII), and Village Farms Intl (VFF) were among the gainers. On the losing end, MPX International (MPXOF) saw a dramatic drop, while Psychemedics (PMD) and Urban-gro (UGRO) also closed down.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:30 pm

COOL

Corner Growth Acquisition Corp. received a notice from Nasdaq on Dec 18 stating that its securities are subject to suspension and delisting unless the company requests a hearing before a panel. The company has timely requested such a hearing to ask for more time to complete a business combination, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:27 pm

SCLX

Scilex Holding Co has filed with the SEC for a mixed shelf offering, allowing it to sell various types of securities up to a total of $500 million.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:25 pm

SNCE

Science 37 Holdings, Inc. received a notification from Nasdaq confirming that the company has regained compliance with the minimum closing bid price requirement for continued listing on the exchange, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:24 pm