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LEEEF

LEEF Brands Inc. has acquired a 1,900-acre ranch in Santa Barbara County for cannabis cultivation. The company sold a 60% interest in the ranch for $7.0 million, the proceeds of which will be used to finance the operation of one of the largest biomass cultivation sites in California. LEEF will retain 100% ownership of the state cannabis licenses and will manage the ranch and cultivation operation exclusively. The company's shares closed 22.56% lower at $0.023 per share.

Portfolio Pulse from Nina Zdinjak

September 20, 2023 | 12:51 pm

TSHA

Taysha Gene Therapies has announced that it will discontinue the development of its TSHA-120 program for the treatment of giant axonal neuropathy, following feedback from the FDA. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:51 pm

CATC

Cambridge Bancorp has announced a definitive agreement to merge with Eastern Bankshares, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:48 pm

COTY

Coty Inc. (NYSE:COTY) has increased its FY24 forecasts following the successful debut of its Burberry Goddess scent and other releases. The company now expects core LFL sales growth in the first half of FY24 of +10-12%, up from the previous +8-10%. Coty continues to target modest gross margin expansion in FY24 and adjusted EBITDA of approximately $1.075 billion-$1.085 billion. The company's shares are trading higher by 5.48% premarket at $12.10.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 12:47 pm

EXAI

Exscientia Plc (NASDAQ:EXAI) announced a multi-year collaboration with Merck KGaA for AI drug discovery, focusing on oncology, neuroinflammation, and immunology drug candidates. Exscientia will receive an upfront payment of $20 million and could receive up to $674 million in milestone payments. The news led to a 31.2% surge in Exscientia's share price.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 12:46 pm

EXAI

Exscientia announced a collaboration with Merck KGaA, Darmstadt, Germany for AI drug discovery. This news has led to a rise in Exscientia's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:46 pm

OMQS

OMNIQ Corp. (NASDAQ:OMQS) is deploying its AI-enhanced parking and security solution to the El Salvador International Airport, marking its first deployment in a Central American International Airport. The airport serves 3.4 million passengers annually. OMNIQ's AI technology is already used in 60 US airports. The company has also recently announced orders from The Israel Train Company, a partnership with Tripshot, and deployment of 55 AI-based Q-Shield systems in Uruguay.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:45 pm

COTY

Coty Inc. has raised its FY24 outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:42 pm

OII

Oceaneering International Inc. (OII) has announced a private offering of $200 million of senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:41 pm

OII

Oceaneering International, Inc. (OII) has announced a private offering of $200 million of senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:41 pm