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Moody's, S&P Global, Fitch Among Major Rating Agencies Hit With $49M SEC Fine Over Record-keeping Failures (UPDATED)
Thursday, September 5, 2024 - 2:00pm | 629Editor’s Note: The article has been updated with comments from S&P Global, AM Best, and HR Ratings. In a recent development, the Securities and Exchange Commission (SEC) has imposed a hefty penalty on six leading rating agencies, including Moody's Ratings by Moody’s Corp. (NYSE:MCO...
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Facebook Parent Company Meta Sued By Former Arkansas Gov Huckabee Over Weed Product Ad Misuse
Saturday, July 6, 2024 - 11:45am | 510Legal Action Against Meta Former Arkansas Governor Mike Huckabee (R)has initiated a lawsuit against Meta Platforms Inc. (NASDAQ: META), the parent company of Facebook, in the U.S. District Court in Delaware. The lawsuit addresses unauthorized advertisements on Facebook that falsely utilized...
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Schwazze's Q1 2024 Financial Results: Takes A Hit In Colorado, Overall Cannabis Sales Up By 9%
Wednesday, May 15, 2024 - 6:14pm | 617Medicine Man Technologies, Inc., operating as Schwazze (OTC: SHWZ), announced its financial results for the first quarter ended March 31, 2024. Schwazze's interim CEO, Forrest Hoffmaster, commented on the results. "We delivered another period of revenue growth in Q1 as we further...
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cbdMD's Financial Results: Cost-Cutting Measures For Positive Cash Flow Amid Increasing Losses
Wednesday, May 15, 2024 - 6:07pm | 529cbdMD, Inc. (NYSE: YCBD) announced its financial results for the second quarter of fiscal 2024, ending March 31, 2024. Despite an increase in operational losses from $1.4 million in Q2 fiscal 2023 to $1.5 million in Q2 fiscal 2024, management remains optimistic. "Transformation is not always...
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Safe Harbor Financial's 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling
Monday, May 13, 2024 - 7:35pm | 448Safe Harbor Financial Services, Inc. (NASDAQ: SHFS) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period last year. CEO Sundie Seefried noted the company...
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Goodness Growth Holdings Reports Q4 2023 Revenue Growth, Gross Margin And Operating Profits
Tuesday, April 2, 2024 - 9:27am | 856Goodness Growth Holdings, Inc.,(CSE: GDNS) (OTC: GDNSF) cannabis company reported its financial results Tuesday morning for the fourth quarter and the entire fiscal year of 2023. The Minneapolis-based firm reported Q4 2023 revenue of $24.2 million, a robust increase of 34.4% compared...
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America's Cannabis Industry Approaches Its Next Turn: An Insider's Bold Prediction
Monday, January 15, 2024 - 1:57pm | 519With a career spanning over three decades, Seth Yakatan, co-founder and partner at Katan Associates International and a LinkedIn creator, stands as a powerhouse in corporate finance. His strategic mind in guiding companies through the intricate cannabis industry not only showcases his exceptional...
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Colorado Cannabis Firm Boosts Market Via Teleshopping In Germany, Excels In Q3 Financials
Tuesday, November 21, 2023 - 4:32pm | 534CBD of Denver, Inc. (OTCPK: CBDD) is making strategic moves to broaden the reach of its flagship product, the Magic Lappen, by entering into a teleshopping partnership with Channel 21, Germany's third-largest teleshopping channel. The collaboration, facilitated by Libra 9 GmbH, represents a...
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Safe Harbor Financial: Revenue Soars 82.11%, Processed $1B In Cannabis-Related Funds This Year
Tuesday, November 14, 2023 - 6:36pm | 475SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS), a leading provider of financial services to the cannabis industry, reported robust financial and operational performance for the three- and nine-month period ended September 30, 2023. Q3 2023 Financial Results For the quarter...
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Hemp-Focused Wellness Company: Revenue Jumps To $4.1M, Gross Margin Peaks At 45.1%
Tuesday, November 14, 2023 - 4:03pm | 459CV Sciences, Inc. (OTCQB: CVSI), a consumer wellness company specializing in hemp extracts and other science-backed, natural ingredients and products, announced its financial results for the quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights Q3 2023 revenue increased to $4.1...
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Tilray, Surfside, AYR & RWB Expand: Ohio's New Cannabis Market And Florida On The Brink
Thursday, November 9, 2023 - 2:21pm | 619AYR Wellness, Inc. Cannabis Dispensary Launches Kiva Confections in Florida AYR Wellness, Inc. (OTC: AYRWF) cannabis dispensary introduced Kiva Confections' Camino Soft Chews to its 62+ Florida dispensaries. The expansion aims to provide a top-shelf edible product line to the Florida...
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From NFL Ricky Williams' Highsman To High-Potency Hemp Gummies, Unveiling Latest Trends In Cannabis Products
Friday, November 3, 2023 - 2:17pm | 684The ever-evolving cannabis industry is witnessing a surge in inventive products, spearheading a transformative wave. From a graffiti-inspired coloring book to a groundbreaking one-hitter, here's a glimpse of the latest and most distinct cannabis-inspired offerings captivating the market. Gifted...
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High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
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Accelerating Demand For Step Vans Creating Big Opportunity For Xos Inc.
Wednesday, October 18, 2023 - 11:08am | 650With the world going green, demand for electric vehicles is quickly accelerating. At the moment, global leaders want millions of electric vehicles on the road by 2030. President Biden, for example, wants 50% of all new autos sold in the U.S. to be electric vehicles by 2030. And so...
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This Trading Platform Gives You The Advantage With Its Advanced Features
Monday, October 16, 2023 - 12:09pm | 190Vincent Lupo, COO of TradeUP Securities, Inc., was recently interviewed by Benzinga. TradeUP Securities is a one-stop securities trading, clearing and financing solution. As a CBOE EDGX, NYSE, DTCC and OCC member, TradeUP provides order execution, securities clearing and financing services for its...