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CRLBF

TCNNF

Major cannabis multistate operators (MSOs) like Trulieve Cannabis Corp (TCNNF) and Cresco Labs Inc (CRLBF) are exiting less profitable state markets to strengthen their financial positions in anticipation of federal reforms and increased investor interest. Cresco Labs reported $191 million in Q3 revenue after leaving Arizona and Maryland, while Trulieve divested from California and ceased Massachusetts operations. The industry is hopeful for legislative changes, such as cannabis rescheduling and the SAFER Banking Act, despite political uncertainties.

Portfolio Pulse from Patricio Liddle

November 23, 2023 | 1:43 am

BIDU

DE

MARA

SPRC

TSLA

U.S. stock indices rose on Wednesday, with the Dow Jones up by 0.5%, NASDAQ by 0.46%, and S&P 500 by 0.41%. SciSparc Ltd surged 16.80% after announcing a non-binding letter of intent to merge with an Israeli vehicle importer. Deere & Company's stock fell 3.11% post Q4 FY23 results showing decreased net sales and revenue. Baidu Inc. climbed 5.91% due to positive Q3 financial results and analyst coverage. Marathon Digital Holdings rose 5.92% amid an uptrend in the crypto market. Tesla Inc. dropped 2.90% following legal concerns over its Autopilot system.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 1:42 am

LX

LexinFintech Holdings has reaffirmed its previous guidance, projecting an annual Gross Merchandise Volume (GMV) growth of 20-25% year over year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:06 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) reported its Q3 2023 financial results with no revenues, reduced operating expenses from $5.8 million in Q3 2022 to $1.8 million, and a net loss of $1.9 million, which was in line with expectations. The company, under executive chairman Terry Rafih, is a DEA-registered entity for cannabis research and pharmaceutical purposes. It appointed Groovy Singh as CEO, executed an EB-5 capital raising program, and settled $3.6 million in debt with shares and warrants. BGXX also applied for regulatory approval to produce additional controlled substances and joined the Russell 3000 Index in June 2023. The stock traded down at $0.2878 per share, a 3.10% decrease.

Portfolio Pulse from Joana Scopel

November 22, 2023 | 10:57 pm

COMS

COMSovereign has received another Nasdaq listing determination, which could affect its stock listing status. The company is likely addressing compliance issues to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:32 pm

META

Mark Cuban has publicly questioned the effectiveness of ads on Twitter, now known as social media platform X, following Elon Musk's acquisition and subsequent changes. Cuban's critique comes amidst advertisers withdrawing from the platform due to concerns over ad efficacy and content association. He compared the ad results unfavorably to those on other platforms, specifically mentioning Meta Platforms' Facebook and Instagram, where ads are more relevant to user interests. Cuban's comments highlight the challenges Musk faces in retaining and attracting advertisers to Twitter.

Portfolio Pulse from Chris Katje

November 22, 2023 | 10:31 pm

ALPP

Alpine 4 Holdings has received a notice regarding non-compliance with a Nasdaq Listing Rule. The company has 60 days from November 16, 2023, to submit a plan to Nasdaq detailing steps to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:21 pm

AMZN

GOOGL

MSFT

OpenAI's leadership turmoil has prompted rivals like Google and Amazon to target its customers with incentives to switch platforms. Google is matching OpenAI's pricing and offering cloud credits and support for customers to use its AI software. Amazon emphasizes the value of its strategy, allowing customers to choose from multiple AI systems. OpenAI, with Microsoft's $13 billion investment, remains a large player, but companies are now considering diversifying their AI suppliers to avoid overreliance on a single provider. OpenAI has reinstated Sam Altman as CEO and named a new board to address concerns. Competitors are quickly moving to capitalize on the situation, with some reporting increased interest from businesses.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:21 pm

MEOH

Methanex Corporation estimates that its Egypt methanol production facility, which experienced an unplanned outage in mid-October due to a mechanical failure in the synthesis gas compressor, will resume production towards the end of Q1 of 2024. Methanex holds a 50% equity interest in the 1.26 million tonne facility, equivalent to 0.63 million tonnes per annum.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:19 pm

WALD

Waldencast has received a notice from Nasdaq granting a stay of delisting, allowing the company to remain listed on the exchange while it works to meet the necessary requirements.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:05 pm