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Cannabis stocks showed significant movement on August 13, 2024, with notable gainers including Psychemedics (NASDAQ:PMD), OrganiGram Holdings (NASDAQ:OGI), SNDL (NASDAQ:SNDL), Village Farms Intl (NASDAQ:VFF), GrowGeneration (NASDAQ:GRWG), Canopy Growth (NASDAQ:CGC), and Tilray Brands (NASDAQ:TLRY). On the losing side, Greenlane Holdings (NASDAQ:GNLN) and Mexco Energy (AMEX:MXC) experienced declines.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 8:30 pm

TLRY

A new study reveals that cannabis users may experience better outcomes after heart attacks compared to non-users, challenging previous beliefs about cannabis and heart health. The study analyzed data from over 9 million patients and found that cannabis users had lower odds of severe complications and in-hospital mortality. The findings are particularly relevant as cannabis gains social acceptance and legal status. The study also aligns with evidence from Tilray Brands, Inc. (NASDAQ:TLRY) on the therapeutic benefits of cannabis.

Portfolio Pulse from Patricio Liddle

August 13, 2024 | 8:29 pm

XOS

Xos has reaffirmed its FY24 guidance for deliveries of 400-600 units and revenue between $66.7 million and $100.4 million, with an estimated revenue of $80.98 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:29 pm

CC

The Chemours Company has opened a new Battery Innovation Center in Newark, Delaware, aimed at testing and scaling next-generation battery technologies for electric vehicles. This multi-million-dollar investment supports advancements in hybrid and electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:28 pm

NU

Nu Holdings shares are trading higher after the company reported Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:27 pm

LCW

Learn CW Investment Corporation has announced its plan to transfer the listing of its Class A Ordinary Shares from the NYSE to the Nasdaq Global Market.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:27 pm

WTO

UTime Limited (NASDAQ:WTO) has regained compliance with Nasdaq's minimum closing bid price rule, ensuring its ordinary shares maintain a minimum bid price of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:25 pm

GRAL

Trading halt status for GRAL was updated at 4:25 PM ET. The article mentions news and resumption times for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:25 pm

VANI

Vivani Medical (NASDAQ:VANI) reported a Q2 2024 adjusted EPS of $(0.10), beating the analyst consensus estimate of $(0.12) by 16.67%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:23 pm

GLD

Gold prices are soaring due to geopolitical concerns, and investors can profit from this trend without owning physical gold by investing in the SPDR Gold Shares (NASDAQ: GLD) ETF. The ETF is currently testing resistance around $218, and a breakout could lead to new all-time highs.

Portfolio Pulse from Mark Putrino

August 13, 2024 | 8:23 pm