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NickTeo
NickTeo
·
2021-05-28
Buy buy buy. Let’s push the market upwards!
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NickTeo
NickTeo
·
2021-05-20
Bull shit!
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NickTeo
NickTeo
·
2021-05-19
Elon is shooting you to hell! Not to the moon!
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NickTeo
NickTeo
·
2021-05-13
Ooh really? You shorting?
3 Compelling Reasons to Avoid AMC Stock
Poor fundamentals, heavy dilution and increasing competition make AMC stock a risky post-pandemic pl
3 Compelling Reasons to Avoid AMC Stock
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NickTeo
NickTeo
·
2021-05-12
You are a loser. Good that you cut your stake
A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%
Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month
A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%
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NickTeo
NickTeo
·
2021-05-12
This is a good article
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NickTeo
NickTeo
·
2021-05-12
Going for a bull run!
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NickTeo
NickTeo
·
2021-05-10
All the best to you Woody!
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NickTeo
NickTeo
·
2021-05-09
Yeah! Good job!
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NickTeo
NickTeo
·
2021-05-09
Great analysis.
The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More
This was an eventful week for the cannabis industry.On Monday,Tilray, Inc.(NASDAQ:TLRY) and Aphria,
The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More
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Not to the moon!","listText":"Elon is shooting you to hell! Not to the moon!","text":"Elon is shooting you to hell! Not to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197187137","repostId":"2136196839","repostType":4,"isVote":1,"tweetType":1,"viewCount":2648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191492827,"gmtCreate":1620896547769,"gmtModify":1634195481893,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"Ooh really? You shorting?","listText":"Ooh really? You shorting?","text":"Ooh really? You shorting?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191492827","repostId":"1186620588","repostType":4,"repost":{"id":"1186620588","kind":"news","pubTimestamp":1620915120,"share":"https://www.laohu8.com/m/news/1186620588?lang=&edition=full","pubTime":"2021-05-13 22:12","market":"us","language":"en","title":"3 Compelling Reasons to Avoid AMC Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1186620588","media":"InvestorPlace","summary":"Poor fundamentals, heavy dilution and increasing competition make AMC stock a risky post-pandemic pl","content":"<blockquote><b>Poor fundamentals, heavy dilution and increasing competition make AMC stock a risky post-pandemic play.</b></blockquote><p>The pandemic hasn’t been easy for anyone, but it has been the toughest for<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>). The theatre chain has faced several problems over the past year, and after being a target of Reddit’s short squeeze, AMC stock has consistently been volatile.</p><p><img src=\"https://static.tigerbbs.com/8f6efae0485c393819ccba85f126d7f7\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Helen89 / Shutterstock.com</p><p>The stock went from $2 to hit a high of $20 in January 2021 but has fallen since then. It continues to attract speculative interest and has risen significantly since the beginning of 2021. AMC stock is currently exchanging hands at $10.34, as of midday May 12, but I do not think the stock is worth your money nor your time. There is a lot going wrong for AMC and it may have been able to avoid bankruptcy, but its fundamentals are shaky. With that in mind, let’s take a look at the 3 reasons to avoid AMC stock.</p><p><b>Poor Fundamentals</b></p><p>AMC Entertainment recentlyreported the first quarter earnings and it incurred a loss of $567.2 million. Despite reopening most of its treaters, the company reported a loss of $1.42 a share which is higher than the $1.31 expected by the analysts. The revenue stood at $148.3 million which is a huge decline from the first quarter in 2020 while the cash balance was $813 million.</p><p>Even before the pandemic, the company’s business was flat. Even if we assume that moviegoers head to the theatres in the coming quarter, we must not expect impressive sales or revenue numbers.</p><p>It may take the entire year for the company to report strong revenue numbers. Considering the current capacity restraints, it is hard to expect the company to generate higher revenue and sales.</p><p><b>Heavy dilution</b></p><p>To survive the pandemic, AMC Entertainment has been burning a significant amount of cash and it has raised the cash through dilution. It may work well for the company but is harming the shareholders.</p><p>The company had earlier proposed the issue of 500 shares but scrapped it for the year and is planning to issue another 43 million shares. The company has quadrupled the share count in 2020. With each dilution, shareholders are losing value and investors are losing interest in the company. If AMC continues todilute the shares, there will be fewer takers for AMC stock in the future because it is a no-win scenario for investors.</p><p><b>Stiff competition</b></p><p>One cannot deny the fact that AMC Entertainment has stiff competition to handle. With a surge in OTT platforms and changing preferences of consumers, the theatre chain may not enjoy full movie rights from studios. Its biggest competition is with<b>Disney</b> (NYSE:<b><u>DIS</u></b>) who is making strong moves to continue using the Disney+ streaming service for new movies. It has entered into anagreement with Sonyfor the streaming of movies after the theatrical releases.</p><p>Consumers will be less willing to pay for a movie they can watch from the comfort of their homes. Several OTT platforms will be directly releasing movies without giving them a theatrical launch. Most of us are used to spending time at home and we have become accustomed to enjoying entertainment on our couches. Who would be willing to pay for a movie that is available at your home at your convenience?</p><p><b>The bottom line on AMC stock</b></p><p>If you are looking for a post-pandemic play, avoid AMC stock. There are several other options to consider.</p><p>Weak financials and changing consumer preferences make AMC a poor choice. The company will continue to face competition in the future, and will have to fight for a smaller number of customers to generate revenues. It could maintain a presence in the market and may even go high based on speculation, but it will not last long enough to generate higher revenues.</p><p>In short, avoid AMC stock this year.</p><p><i>On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article.</i></p><p>AMC rose nearly 13% in early market trading.</p><p><img src=\"https://static.tigerbbs.com/b44c7994990a17ad22e1db8d6a10a4b8\" tg-width=\"769\" tg-height=\"564\"></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Compelling Reasons to Avoid AMC Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Compelling Reasons to Avoid AMC Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 22:12 GMT+8 <a href=https://investorplace.com/2021/05/3-compelling-reasons-to-avoid-amc-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Poor fundamentals, heavy dilution and increasing competition make AMC stock a risky post-pandemic play.The pandemic hasn’t been easy for anyone, but it has been the toughest forAMC Entertainment(NYSE:...</p>\n\n<a href=\"https://investorplace.com/2021/05/3-compelling-reasons-to-avoid-amc-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://investorplace.com/2021/05/3-compelling-reasons-to-avoid-amc-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186620588","content_text":"Poor fundamentals, heavy dilution and increasing competition make AMC stock a risky post-pandemic play.The pandemic hasn’t been easy for anyone, but it has been the toughest forAMC Entertainment(NYSE:AMC). The theatre chain has faced several problems over the past year, and after being a target of Reddit’s short squeeze, AMC stock has consistently been volatile.Source: Helen89 / Shutterstock.comThe stock went from $2 to hit a high of $20 in January 2021 but has fallen since then. It continues to attract speculative interest and has risen significantly since the beginning of 2021. AMC stock is currently exchanging hands at $10.34, as of midday May 12, but I do not think the stock is worth your money nor your time. There is a lot going wrong for AMC and it may have been able to avoid bankruptcy, but its fundamentals are shaky. With that in mind, let’s take a look at the 3 reasons to avoid AMC stock.Poor FundamentalsAMC Entertainment recentlyreported the first quarter earnings and it incurred a loss of $567.2 million. Despite reopening most of its treaters, the company reported a loss of $1.42 a share which is higher than the $1.31 expected by the analysts. The revenue stood at $148.3 million which is a huge decline from the first quarter in 2020 while the cash balance was $813 million.Even before the pandemic, the company’s business was flat. Even if we assume that moviegoers head to the theatres in the coming quarter, we must not expect impressive sales or revenue numbers.It may take the entire year for the company to report strong revenue numbers. Considering the current capacity restraints, it is hard to expect the company to generate higher revenue and sales.Heavy dilutionTo survive the pandemic, AMC Entertainment has been burning a significant amount of cash and it has raised the cash through dilution. It may work well for the company but is harming the shareholders.The company had earlier proposed the issue of 500 shares but scrapped it for the year and is planning to issue another 43 million shares. The company has quadrupled the share count in 2020. With each dilution, shareholders are losing value and investors are losing interest in the company. If AMC continues todilute the shares, there will be fewer takers for AMC stock in the future because it is a no-win scenario for investors.Stiff competitionOne cannot deny the fact that AMC Entertainment has stiff competition to handle. With a surge in OTT platforms and changing preferences of consumers, the theatre chain may not enjoy full movie rights from studios. Its biggest competition is withDisney (NYSE:DIS) who is making strong moves to continue using the Disney+ streaming service for new movies. It has entered into anagreement with Sonyfor the streaming of movies after the theatrical releases.Consumers will be less willing to pay for a movie they can watch from the comfort of their homes. Several OTT platforms will be directly releasing movies without giving them a theatrical launch. Most of us are used to spending time at home and we have become accustomed to enjoying entertainment on our couches. Who would be willing to pay for a movie that is available at your home at your convenience?The bottom line on AMC stockIf you are looking for a post-pandemic play, avoid AMC stock. There are several other options to consider.Weak financials and changing consumer preferences make AMC a poor choice. The company will continue to face competition in the future, and will have to fight for a smaller number of customers to generate revenues. It could maintain a presence in the market and may even go high based on speculation, but it will not last long enough to generate higher revenues.In short, avoid AMC stock this year.On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article.AMC rose nearly 13% in early market trading.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193714153,"gmtCreate":1620819922472,"gmtModify":1634196085783,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"You are a loser. Good that you cut your stake","listText":"You are a loser. Good that you cut your stake","text":"You are a loser. Good that you cut your stake","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/193714153","repostId":"1158302415","repostType":4,"repost":{"id":"1158302415","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620818312,"share":"https://www.laohu8.com/m/news/1158302415?lang=&edition=full","pubTime":"2021-05-12 19:18","market":"us","language":"en","title":"A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%","url":"https://stock-news.laohu8.com/highlight/detail?id=1158302415","media":"Benzinga","summary":"Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month","content":"<p>Cathie Wood-led Ark Invest has shed a significant stake in <b>Silvergate Capital Corp</b>(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution could be a prime beneficiary of increased crypto adoption.</p><p><b>What Happened:</b> The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.</p><p>The investment firm, which has been snapping up U.S. cryptocurrency exchange desk <b>Coinbase Global Inc</b>(NASDAQ:COIN), holds positions in Silvergate via its <b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) and the <b>ARK Next Generation Internet ETF</b>(NYSE:ARKW).</p><p>Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.</p><p>In value terms, the investment firm’s consolidated stake is down to $65.07 million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.</p><p>Currently, Ark owns a total of 764,617 Silvergate shares, a majority of them in ARKW, down from 1,868,608 shares in mid-April.</p><p><b>Price Action:</b> Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.</p><p>On Tuesday, Silvergate shares closed 2.4% lower at $85.1.</p><p><b>Bitcoin</b>(BTC) is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-12 19:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cathie Wood-led Ark Invest has shed a significant stake in <b>Silvergate Capital Corp</b>(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution could be a prime beneficiary of increased crypto adoption.</p><p><b>What Happened:</b> The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.</p><p>The investment firm, which has been snapping up U.S. cryptocurrency exchange desk <b>Coinbase Global Inc</b>(NASDAQ:COIN), holds positions in Silvergate via its <b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) and the <b>ARK Next Generation Internet ETF</b>(NYSE:ARKW).</p><p>Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.</p><p>In value terms, the investment firm’s consolidated stake is down to $65.07 million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.</p><p>Currently, Ark owns a total of 764,617 Silvergate shares, a majority of them in ARKW, down from 1,868,608 shares in mid-April.</p><p><b>Price Action:</b> Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.</p><p>On Tuesday, Silvergate shares closed 2.4% lower at $85.1.</p><p><b>Bitcoin</b>(BTC) is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKW":"ARK Next Generation Internet ETF","ARKF":"ARK Fintech Innovation ETF","COIN":"Coinbase Global, Inc.","SI":"Shoulder Innovations, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158302415","content_text":"Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution could be a prime beneficiary of increased crypto adoption.What Happened: The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.The investment firm, which has been snapping up U.S. cryptocurrency exchange desk Coinbase Global Inc(NASDAQ:COIN), holds positions in Silvergate via its Ark Fintech Innovation ETF(NYSE:ARKF) and the ARK Next Generation Internet ETF(NYSE:ARKW).Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.In value terms, the investment firm’s consolidated stake is down to $65.07 million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.Currently, Ark owns a total of 764,617 Silvergate shares, a majority of them in ARKW, down from 1,868,608 shares in mid-April.Price Action: Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.On Tuesday, Silvergate shares closed 2.4% lower at $85.1.Bitcoin(BTC) is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.","news_type":1,"symbols_score_info":{"ARKF":0.9,"ARKW":0.9,"COIN":0.9,"SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193714055,"gmtCreate":1620819887277,"gmtModify":1634196085902,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"This is a good article ","listText":"This is a good article ","text":"This is a good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/193714055","repostId":"1186680598","repostType":4,"isVote":1,"tweetType":1,"viewCount":1670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193311194,"gmtCreate":1620756005718,"gmtModify":1634196573964,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"Going for a bull run!","listText":"Going for a bull run!","text":"Going for a bull run!","images":[{"img":"https://static.tigerbbs.com/96c306f7eb2951c1df8503f083179fae","width":"1242","height":"2208"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/193311194","isVote":1,"tweetType":1,"viewCount":1542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":190499305,"gmtCreate":1620640779607,"gmtModify":1634197494167,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"All the best to you Woody!","listText":"All the best to you Woody!","text":"All the best to you Woody!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/190499305","repostId":"1134875250","repostType":4,"isVote":1,"tweetType":1,"viewCount":2629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190020074,"gmtCreate":1620555478398,"gmtModify":1634198052741,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"Yeah! Good job!","listText":"Yeah! Good job!","text":"Yeah! Good job!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190020074","repostId":"2133837186","repostType":4,"isVote":1,"tweetType":1,"viewCount":2381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107298865,"gmtCreate":1620493753257,"gmtModify":1634198422475,"author":{"id":"3582084067443823","authorId":"3582084067443823","name":"NickTeo","avatar":"https://static.tigerbbs.com/89dc668940228bcefb9229da69592d67","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582084067443823","authorIdStr":"3582084067443823"},"themes":[],"htmlText":"Great analysis. ","listText":"Great analysis. ","text":"Great analysis.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107298865","repostId":"1147179681","repostType":4,"repost":{"id":"1147179681","kind":"news","pubTimestamp":1620458192,"share":"https://www.laohu8.com/m/news/1147179681?lang=&edition=full","pubTime":"2021-05-08 15:16","market":"us","language":"en","title":"The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More","url":"https://stock-news.laohu8.com/highlight/detail?id=1147179681","media":"Benzinga","summary":"This was an eventful week for the cannabis industry.On Monday,Tilray, Inc.(NASDAQ:TLRY) and Aphria, ","content":"<p>This was an eventful week for the cannabis industry.</p><p>On Monday,<b>Tilray, Inc.</b>(NASDAQ:TLRY) and <b>Aphria, Inc.</b>(NASDAQ:APHA) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion.</p><p>Following the merger, Jefferies upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23.</p><p><b>Jazz Pharmaceuticals</b>(NASDAQ:JAZZ) finalized its acquisition of <b>GW Pharmaceuticals plc.</b>(NASDAQ:GWPH), the producer of the FDA‑approved prescription cannabidiol drug Epidiolex, for $7.2 billion or $6.7 billion net of GW Pharma's cash.</p><p>Meanwhile,<b>Ascend Wellness Holdings</b>(CSE:AAWH) started trading on the Canadian Securities exchange following a raise of approximately $80 million through an initial public offering of roughly 10 million shares of its Class A common stock at $8 per share.</p><p>After two weeks of consolidating below resistance at the $1 level, shares of Reddit favorite <b><a href=\"https://laohu8.com/S/SNDL\">Sundial Growers Inc.</a></b> have resumed their downtrend.</p><p><b><a href=\"https://laohu8.com/S/CS\">Credit Suisse Group AG</a></b>(NYSE:CS) reportedly stopped handling transactions in shares of cannabis companies with U.S. operations and plans to refrain from holding cannabis stocks on behalf of its clients.</p><p>The Swiss-based lender, which declined to give a statement, was among a handful of banks willing to buy and sell marijuana-related stocks and hold the shares as a custodian for clients in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States. While it's not yet clear what impact this decision will have, Reuters reported the move has affected the sale of marijuana stocks in recent weeks.</p><p>In fact, all major ETFs were down. Over the five trading days of this week:</p><ul><li>The<b><a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a></b>(NYSE:MJ): lost 0.2%.</li><li>The<b>$AdvisorShares Pure <a href=\"https://laohu8.com/S/THCX\">Cannabis ETF</a>(YOLO)$</b>(NYSE:YOLO): tumbled 1.8%.</li><li>The<b><a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a></b>(NYSE:MSOS): shed 0.2% of its value.</li><li>The<b><a href=\"https://laohu8.com/S/THCX\">Cannabis ETF</a></b>(NYSE:THCX): dropped 3.4%.</li><li>The<b>Amplify Seymour Cannabis ETF</b>(NYSE:CNBS): was down 3.5%.</li><li>The<b>SPDR S&P 500 ETF Trust</b>(NYSE:SPY) closed the week up 1.21%.</li></ul><p><b>Policy, Science And Data</b></p><p>In <a href=\"https://laohu8.com/S/NWY\">New York</a>, people gathered to celebrate cannabis legalization.</p><p>“Last weekend's annual <a href=\"https://laohu8.com/S/NYRT\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a> cannabis parade brought out a who's who in politicians jockeying for position to be the <a href=\"https://laohu8.com/S/AONE\">one</a> who was<i>always</i>supportive of legalizing cannabis. Ah-hem. Water under the bridge shall we say,” commented Debra Borchardt, CEO ofGreen Market Report. “With adult use cannabis sales likely to be legal by next year's parade, the people who attended were clearly in a celebratory mood. The <a href=\"https://laohu8.com/S/NGD\">New</a> York market is expected to be the largest in the country and there were many small businesses working the crowd. There should be a Tinder app for social equity applicants to hook up with investors as there was a lot of talk about social equity applicants, but most have no money or very little.”</p><p>In ColoradoGov. Jared Polis signed a bill that would expand access to medical cannabis for school children in need by removing obstacles to its administration.</p><p><b>Financings And M&A</b></p><p><b>Jushi Holdings Inc.</b>(CSE:JUSH) (OTC:JUSHF) finalized its purchase of a 93,000 sq. ft. facility operated by its subsidiary,<b>Dalitso LLC</b>, for around $22 million. The deal also includes nearly nine acres of surrounding land in Prince William <a href=\"https://laohu8.com/S/ICBK\">County</a>, Virginia.</p><p><b>High Tide Inc.</b>(TSXV:HITI) (OTCQB:HITIF) (FRA: 2LY) will acquire 80% of<b>Fab Nutrition, LLC</b>. (operating as FABCBD) for $20.64 million in stock and cash.</p><p><b>MassRoots, Inc.</b>(OTC:MSRT) is looking to acquire<b><a href=\"https://laohu8.com/S/NYNY\">Empire</a> Services, Inc</b>. for $14 million in a primarily stock-based transaction.</p><p><b>Trulieve Cannabis Corp</b>. (CSE:TRUL) (OTCQX:TCNNF) purchased <a href=\"https://laohu8.com/S/WSTC\">West</a> Virginia-based<b>Mountaineer Holding LLC</b>for $6 million.</p><p><b>Cansortium Inc.</b>(CSE:TIUM), (OTCQB:CNTMF), doing business under the Fluent brand, exercised its right to regain up to the maximum of $5 million of convertible promissory notes, originally issued in the amount of $10 million in 2019.</p><p><b><a href=\"https://laohu8.com/S/GNBC\">Green</a> Thumb Industries Inc.</b>(CSE:GTII) (OTCQX:GTBIF) will reach the Virginia market via its acquisition of<b>Dharma Pharmaceuticals LLC.</b></p><p><b>Earnings Reports</b></p><p><b>Kiaro Holdings Corp.</b>(TSXV:KO) reported record revenues of CA$17.1 million in 2021, representing a year-over-year increase of 230%. Same-store sales spiked 58% over the same period.</p><p><b>Cansortium Inc.</b>(CSE:TIUM) (OTCQB:CNTMF), which operates under the Fluent brand, announced its fourth-quarter and full-year 2020 financial results, with consolidated revenue of $14.7 million for the three months ending Dec. 31, up 54% year-over-year.</p><p><b>Scotts Miracle-Gro</b> (NYSE:SMG) reported that company-wide sales grew by 32% year-over-year reaching $1.83 billion in the second quarter. For the first half of fiscal 2021, the company reported sales of $2.58 billion, up by 47% from $1.75 billion in sales posted a year ago.</p><p>Sales for the cannabis-focused Hawthorne segment climbed up to $363.8 million, representing a 66% year-over-year increase.</p><p><b>Lowell Farms Inc.</b>(CSE:LOWL) (OTCQX:LOWLF) generated $11 million in revenue during the first quarter of the 2021 fiscal year, representing an increase of 17% year-over-year.</p><p>Cannabis REIT<b>Innovative Industrial Properties, Inc.</b>(NYSE:IIPR) announced its total revenue increased by 103% year-over-year to $42.9 million in the first quarter of 2021. Net income for the same period was roughly $25.6 million, or $1.05 per diluted share, representing an annual growth of 122%.</p><p><b>POSaBIT Systems Corporation</b>(CSE:PBIT) (OTCQX:POSAF) reported its total revenue increased by 327% year-over-year, hitting roughly $3.06 million in the fourth quarter of 2020. <a href=\"https://laohu8.com/S/TSS\">Total</a> revenue amounted to $7.82 million in 2020, representing an annual increase of 127%.</p><p><b>Cronos Group Inc</b> (NASDAQ: CRON) reported a Q1 adjusted EBITDA loss of $37.07 million, marginally up from $37.05 million reported a year ago. This slight increase in losses was primarily driven by the rise in sales and marketing costs due to brand development in the U.S. segment and an increase in R&D costs.</p><p>Hemp cultivation and processing brand<b>HempFlax</b>posted its full-year 2020 earnings report, with revenues of €14.5 million ($17.4 million), up 43% from 2019's $10.1 million. EBITDA increased 63% from 2019, totaling €1.8 million, marking the company's second profitable year. EBITDA margins increased to 12.7% from the previous year's 11.1%.</p><p><b>Planet 13 Holdings Inc.</b>(CSE:PLTH) (OTCQX:PLNHF) generated record sales in April of $10.7 million — almost as much as last year’s total second-quarter revenue of $10.8 million.</p><p><b>Other News</b></p><p>Canadian hospital <b>Sunnybrook Health Sciences Centre</b> and <b>Avicana Inc</b>(OTC:AVCNF) announced a partnership to provide medical cannabis products on-site through the Odette Cancer Centre Pharmacy.</p><p><b>Orchid Ventures Inc</b>(OTC:ORVRD) entered an exclusive licensing agreement with <b>Gold Flora</b>. Per the agreement, Gold Flora will be assuming all production, sales, and distribution of Orchid Essentials products throughout the state of California, and purchasing all hardware, packaging, and terpenes through PurTecDelivery Systems, a wholly-owned subsidiary of Orchid Ventures.</p><p>“As <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the highest growth operators in the state, we are confident that Gold Flora's leadership and quality of their operations will accelerate Orchid's growth potential, further establishing the brand as a leader in the largest recreational cannabis market in the world, California,” Corey Mangold, CEO and chairman of Orchid Ventures, told Benzinga.</p><p><b><a href=\"https://laohu8.com/S/APDN\">Applied DNA Sciences</a>, Inc.</b>(NASDAQ:APDN) signed a new contract with the Defense Logistics Agency’s (DLA) Land and Maritime’s Product Test Center (PTC) with a maximal value of $1.04 million.</p><p><b>MedMen Enterprises Inc</b>(CSE:MMEN) (OTC:MMNFF) announced the opening of its first Miami Beach, Florida location.</p><p><b>Tamerlane Trading</b>launched an online quality-verified marketplace for wholesale and bulk cannabis, calling the move the first and only cannabis marketplace of its kind in the world.</p><p>“Our overall goal with the new online marketplace is to establish trust and transparency in the cannabis industry. By including quality verification and grading of cannabis product, wholesale buyers and suppliers will benefit,” said Jhavid Mohseni, CEO of Tamerlane Trading.</p><p><b>Acreage Holdings, Inc.</b>(CSE:ACRG) (OTC:ACRGF) and<b>Medterra CBD, LLC</b>are joining forces to develop a CBD-based collection of products.</p><p><b>Sitka Hash House</b>has launched its handmade hashish-based products into the California market with manufacturing partner, Garden Society. Founded in 2012, Sitka claims 9 out of the top 10 hashish SKUs in <a href=\"https://laohu8.com/S/WASH\">Washington</a> state.</p><p>Sitka CEO Jeff <a href=\"https://laohu8.com/S/GHC\">Graham</a> told Benzinga, “Interstate expansion offers us the opportunity to provide our original cannabis concentrates to new audiences. We are proud to enter California with the Garden Society as our manufacturer and HERBL as our distributor.”</p><p>The Aster Farms team tracked their energy consumption, CO2e emissions, water use, solid waste as well as their hiring practices over the last year. The company now released its first annual Sustainability Report.</p><p>“Sustainability is part of our company's DNA,” shared Aster Farms CEO and co-founder Julia Jacbonson. “From regenerative agriculture and recyclable packaging to inclusive hiring practices, we understand that sustainable farming is only part of the story.”</p><p>“The cannabis industry is in a unique position to change the paradigm of what a successful company looks and feels like and what is considered most important,” she added.</p><p>Newly released podcast<b>Highly Unlikely,</b>hosted by standup comedian<b>Alex Gettlin</b>and produced by Wikileaf, dives into the absurdity of the world we live in. Each episode features famed comedian guests losing their minds over some very real and strange facts while trying various new cannabis products.</p><p>Canadian licensed cannabis producers and global markets will have access to time-tested, feminized, organic-certified cannabis seeds. This is thanks to a new partnership between<b>Humboldt Seed Company</b>and<b>Nymera,</b>which will allow not only the production and sale of the seeds in Canada, but also the export of these genetics to other countries with legal cannabis markets around the world.</p><p>This is the first time a cannabis seed is certified as organic.</p><p><b>Calyxt</b>announced advancements in technology that will make it easier for scientists to bring advanced breeding into hemp. The company, an expert at improving crops like soybeans and wheat to produce more heart-healthy oil or higher fiber, announced its scientists have transformed hemp – an important step as the company can now engineer the hemp genome, unlocking capabilities to selectively breed and deliver improvements in hemp traits through advanced plant breeding like gene editing or even GM level engineering.</p><p>“We were able to change the plants DNA and regenerate plants through tissue culture, thus accomplishing something that has been fairly elusive in hemp to date,\" said Travis Frey, Ph.D., chief technology officer of Calyxt. “By modernizing the hemp crop, we can now deliver traits that benefits both growers and consumers who are increasingly looking for plant-based and sustainable foods, materials, cosmeceuticals, nutraceuticals and more.\"</p><p><b>Zelira Therapeutics Ltd</b>(ASX:ZLD) (OTCQB:ZLDAF) launched its HOPE line of cannabis products in <a href=\"https://laohu8.com/S/WRE\">Washington</a> DC. The product line, especially formulated for autism spectrum disorder (ASD) patients of all ages, is also available in Pennsylvania, Louisiana and Australia.</p><p>“Since we first launched HOPE in the US, our long-term goal has been to make it accessible to ASD patients everywhere, and <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC's reciprocity allows us to take a huge step in that direction here in the US,” Dr. Oludare Odumosu, CEO of Zelira Therapeutics, told Benzinga. “The nation's capital is <a href=\"https://laohu8.com/S/AONE\">one</a> of the most popular travel destinations, so we are thrilled to be able to offer HOPE there as a treatment option for ASD patients from around the country who travel to DC.”</p><p><b>Cannabics Pharmaceuticals Inc.</b>(OTCQB:CNBX), received a “Notice of Allowance” from the Mexican Patent and Trademark Office (IMPI) for a patent on a “System and method for high throughput screening of cancer cells.”</p><p>Executive Moves</p><p>CBD products distributor,<b>Khode LLC.</b>, announced Tuesday it formed its first board of directors consisting of music artists, executives and CBD industry veterans, including Grammy award-winning artists and entrepreneur<b>DJ Khaled</b>, music executive<b>Lenny S</b>, CEO of<b>Endexx Corporation</b>(OTC:EDXC)<b>Todd Davis</b>, and<b>Stephen Herron</b>and<b>Ron Cotting</b>of<b>CBD Unlimited, Inc</b>.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 15:16 GMT+8 <a href=https://www.benzinga.com/markets/cannabis/21/05/21021448/the-week-in-cannabis-the-new-tilray-jazz-gw-pharma-earnings-m-a-and-more><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This was an eventful week for the cannabis industry.On Monday,Tilray, Inc.(NASDAQ:TLRY) and Aphria, Inc.(NASDAQ:APHA) closed their merger after months of negotiations, creating a company with a ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cannabis/21/05/21021448/the-week-in-cannabis-the-new-tilray-jazz-gw-pharma-earnings-m-a-and-more\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"YOLO":"AdvisorShares Pure Cannabis ETF","MSRT":"MassRoots, Inc.","TCNNF":"Trulieve Cannabis Corporation","SPY":"标普500ETF","SNDL":"SNDL Inc.","GTBIF":"Green Thumb Industries Inc.","JUSHF":"Jushi Holdings Inc.","CNTMF":"FLUENT CORP","MSOS":"AdvisorShares Pure US Cannabis ETF","MJ":"Amplify Alternative Harvest ETF","THCX":"Innovation Shares Cannabis ETF","APHA":"Aphria Inc.","CNBS":"Amplify Seymour Cannabis ETF","TLRY":"Tilray Inc.","CNBX":"CNBX Pharmaceuticals Inc.","GWPH":"GW Pharmaceuticals plc","NGD":"New Gold","JAZZ":"爵士制药"},"source_url":"https://www.benzinga.com/markets/cannabis/21/05/21021448/the-week-in-cannabis-the-new-tilray-jazz-gw-pharma-earnings-m-a-and-more","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147179681","content_text":"This was an eventful week for the cannabis industry.On Monday,Tilray, Inc.(NASDAQ:TLRY) and Aphria, Inc.(NASDAQ:APHA) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion.Following the merger, Jefferies upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23.Jazz Pharmaceuticals(NASDAQ:JAZZ) finalized its acquisition of GW Pharmaceuticals plc.(NASDAQ:GWPH), the producer of the FDA‑approved prescription cannabidiol drug Epidiolex, for $7.2 billion or $6.7 billion net of GW Pharma's cash.Meanwhile,Ascend Wellness Holdings(CSE:AAWH) started trading on the Canadian Securities exchange following a raise of approximately $80 million through an initial public offering of roughly 10 million shares of its Class A common stock at $8 per share.After two weeks of consolidating below resistance at the $1 level, shares of Reddit favorite Sundial Growers Inc. have resumed their downtrend.Credit Suisse Group AG(NYSE:CS) reportedly stopped handling transactions in shares of cannabis companies with U.S. operations and plans to refrain from holding cannabis stocks on behalf of its clients.The Swiss-based lender, which declined to give a statement, was among a handful of banks willing to buy and sell marijuana-related stocks and hold the shares as a custodian for clients in the United States. While it's not yet clear what impact this decision will have, Reuters reported the move has affected the sale of marijuana stocks in recent weeks.In fact, all major ETFs were down. Over the five trading days of this week:TheETFMG Alternative Harvest ETF(NYSE:MJ): lost 0.2%.The$AdvisorShares Pure Cannabis ETF(YOLO)$(NYSE:YOLO): tumbled 1.8%.TheAdvisorShares Pure US Cannabis ETF(NYSE:MSOS): shed 0.2% of its value.TheCannabis ETF(NYSE:THCX): dropped 3.4%.TheAmplify Seymour Cannabis ETF(NYSE:CNBS): was down 3.5%.TheSPDR S&P 500 ETF Trust(NYSE:SPY) closed the week up 1.21%.Policy, Science And DataIn New York, people gathered to celebrate cannabis legalization.“Last weekend's annual New York City cannabis parade brought out a who's who in politicians jockeying for position to be the one who wasalwayssupportive of legalizing cannabis. Ah-hem. Water under the bridge shall we say,” commented Debra Borchardt, CEO ofGreen Market Report. “With adult use cannabis sales likely to be legal by next year's parade, the people who attended were clearly in a celebratory mood. The New York market is expected to be the largest in the country and there were many small businesses working the crowd. There should be a Tinder app for social equity applicants to hook up with investors as there was a lot of talk about social equity applicants, but most have no money or very little.”In ColoradoGov. Jared Polis signed a bill that would expand access to medical cannabis for school children in need by removing obstacles to its administration.Financings And M&AJushi Holdings Inc.(CSE:JUSH) (OTC:JUSHF) finalized its purchase of a 93,000 sq. ft. facility operated by its subsidiary,Dalitso LLC, for around $22 million. The deal also includes nearly nine acres of surrounding land in Prince William County, Virginia.High Tide Inc.(TSXV:HITI) (OTCQB:HITIF) (FRA: 2LY) will acquire 80% ofFab Nutrition, LLC. (operating as FABCBD) for $20.64 million in stock and cash.MassRoots, Inc.(OTC:MSRT) is looking to acquireEmpire Services, Inc. for $14 million in a primarily stock-based transaction.Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) purchased West Virginia-basedMountaineer Holding LLCfor $6 million.Cansortium Inc.(CSE:TIUM), (OTCQB:CNTMF), doing business under the Fluent brand, exercised its right to regain up to the maximum of $5 million of convertible promissory notes, originally issued in the amount of $10 million in 2019.Green Thumb Industries Inc.(CSE:GTII) (OTCQX:GTBIF) will reach the Virginia market via its acquisition ofDharma Pharmaceuticals LLC.Earnings ReportsKiaro Holdings Corp.(TSXV:KO) reported record revenues of CA$17.1 million in 2021, representing a year-over-year increase of 230%. Same-store sales spiked 58% over the same period.Cansortium Inc.(CSE:TIUM) (OTCQB:CNTMF), which operates under the Fluent brand, announced its fourth-quarter and full-year 2020 financial results, with consolidated revenue of $14.7 million for the three months ending Dec. 31, up 54% year-over-year.Scotts Miracle-Gro (NYSE:SMG) reported that company-wide sales grew by 32% year-over-year reaching $1.83 billion in the second quarter. For the first half of fiscal 2021, the company reported sales of $2.58 billion, up by 47% from $1.75 billion in sales posted a year ago.Sales for the cannabis-focused Hawthorne segment climbed up to $363.8 million, representing a 66% year-over-year increase.Lowell Farms Inc.(CSE:LOWL) (OTCQX:LOWLF) generated $11 million in revenue during the first quarter of the 2021 fiscal year, representing an increase of 17% year-over-year.Cannabis REITInnovative Industrial Properties, Inc.(NYSE:IIPR) announced its total revenue increased by 103% year-over-year to $42.9 million in the first quarter of 2021. Net income for the same period was roughly $25.6 million, or $1.05 per diluted share, representing an annual growth of 122%.POSaBIT Systems Corporation(CSE:PBIT) (OTCQX:POSAF) reported its total revenue increased by 327% year-over-year, hitting roughly $3.06 million in the fourth quarter of 2020. Total revenue amounted to $7.82 million in 2020, representing an annual increase of 127%.Cronos Group Inc (NASDAQ: CRON) reported a Q1 adjusted EBITDA loss of $37.07 million, marginally up from $37.05 million reported a year ago. This slight increase in losses was primarily driven by the rise in sales and marketing costs due to brand development in the U.S. segment and an increase in R&D costs.Hemp cultivation and processing brandHempFlaxposted its full-year 2020 earnings report, with revenues of €14.5 million ($17.4 million), up 43% from 2019's $10.1 million. EBITDA increased 63% from 2019, totaling €1.8 million, marking the company's second profitable year. EBITDA margins increased to 12.7% from the previous year's 11.1%.Planet 13 Holdings Inc.(CSE:PLTH) (OTCQX:PLNHF) generated record sales in April of $10.7 million — almost as much as last year’s total second-quarter revenue of $10.8 million.Other NewsCanadian hospital Sunnybrook Health Sciences Centre and Avicana Inc(OTC:AVCNF) announced a partnership to provide medical cannabis products on-site through the Odette Cancer Centre Pharmacy.Orchid Ventures Inc(OTC:ORVRD) entered an exclusive licensing agreement with Gold Flora. Per the agreement, Gold Flora will be assuming all production, sales, and distribution of Orchid Essentials products throughout the state of California, and purchasing all hardware, packaging, and terpenes through PurTecDelivery Systems, a wholly-owned subsidiary of Orchid Ventures.“As one of the highest growth operators in the state, we are confident that Gold Flora's leadership and quality of their operations will accelerate Orchid's growth potential, further establishing the brand as a leader in the largest recreational cannabis market in the world, California,” Corey Mangold, CEO and chairman of Orchid Ventures, told Benzinga.Applied DNA Sciences, Inc.(NASDAQ:APDN) signed a new contract with the Defense Logistics Agency’s (DLA) Land and Maritime’s Product Test Center (PTC) with a maximal value of $1.04 million.MedMen Enterprises Inc(CSE:MMEN) (OTC:MMNFF) announced the opening of its first Miami Beach, Florida location.Tamerlane Tradinglaunched an online quality-verified marketplace for wholesale and bulk cannabis, calling the move the first and only cannabis marketplace of its kind in the world.“Our overall goal with the new online marketplace is to establish trust and transparency in the cannabis industry. By including quality verification and grading of cannabis product, wholesale buyers and suppliers will benefit,” said Jhavid Mohseni, CEO of Tamerlane Trading.Acreage Holdings, Inc.(CSE:ACRG) (OTC:ACRGF) andMedterra CBD, LLCare joining forces to develop a CBD-based collection of products.Sitka Hash Househas launched its handmade hashish-based products into the California market with manufacturing partner, Garden Society. Founded in 2012, Sitka claims 9 out of the top 10 hashish SKUs in Washington state.Sitka CEO Jeff Graham told Benzinga, “Interstate expansion offers us the opportunity to provide our original cannabis concentrates to new audiences. We are proud to enter California with the Garden Society as our manufacturer and HERBL as our distributor.”The Aster Farms team tracked their energy consumption, CO2e emissions, water use, solid waste as well as their hiring practices over the last year. The company now released its first annual Sustainability Report.“Sustainability is part of our company's DNA,” shared Aster Farms CEO and co-founder Julia Jacbonson. “From regenerative agriculture and recyclable packaging to inclusive hiring practices, we understand that sustainable farming is only part of the story.”“The cannabis industry is in a unique position to change the paradigm of what a successful company looks and feels like and what is considered most important,” she added.Newly released podcastHighly Unlikely,hosted by standup comedianAlex Gettlinand produced by Wikileaf, dives into the absurdity of the world we live in. Each episode features famed comedian guests losing their minds over some very real and strange facts while trying various new cannabis products.Canadian licensed cannabis producers and global markets will have access to time-tested, feminized, organic-certified cannabis seeds. This is thanks to a new partnership betweenHumboldt Seed CompanyandNymera,which will allow not only the production and sale of the seeds in Canada, but also the export of these genetics to other countries with legal cannabis markets around the world.This is the first time a cannabis seed is certified as organic.Calyxtannounced advancements in technology that will make it easier for scientists to bring advanced breeding into hemp. The company, an expert at improving crops like soybeans and wheat to produce more heart-healthy oil or higher fiber, announced its scientists have transformed hemp – an important step as the company can now engineer the hemp genome, unlocking capabilities to selectively breed and deliver improvements in hemp traits through advanced plant breeding like gene editing or even GM level engineering.“We were able to change the plants DNA and regenerate plants through tissue culture, thus accomplishing something that has been fairly elusive in hemp to date,\" said Travis Frey, Ph.D., chief technology officer of Calyxt. “By modernizing the hemp crop, we can now deliver traits that benefits both growers and consumers who are increasingly looking for plant-based and sustainable foods, materials, cosmeceuticals, nutraceuticals and more.\"Zelira Therapeutics Ltd(ASX:ZLD) (OTCQB:ZLDAF) launched its HOPE line of cannabis products in Washington DC. The product line, especially formulated for autism spectrum disorder (ASD) patients of all ages, is also available in Pennsylvania, Louisiana and Australia.“Since we first launched HOPE in the US, our long-term goal has been to make it accessible to ASD patients everywhere, and Washington DC's reciprocity allows us to take a huge step in that direction here in the US,” Dr. Oludare Odumosu, CEO of Zelira Therapeutics, told Benzinga. “The nation's capital is one of the most popular travel destinations, so we are thrilled to be able to offer HOPE there as a treatment option for ASD patients from around the country who travel to DC.”Cannabics Pharmaceuticals Inc.(OTCQB:CNBX), received a “Notice of Allowance” from the Mexican Patent and Trademark Office (IMPI) for a patent on a “System and method for high throughput screening of cancer cells.”Executive MovesCBD products distributor,Khode LLC., announced Tuesday it formed its first board of directors consisting of music artists, executives and CBD industry veterans, including Grammy award-winning artists and entrepreneurDJ Khaled, music executiveLenny S, CEO ofEndexx Corporation(OTC:EDXC)Todd Davis, andStephen HerronandRon CottingofCBD Unlimited, Inc.","news_type":1,"symbols_score_info":{"APHA":0.9,"CNBS":0.9,"CNBX":0.9,"CNTMF":0.9,"CS":0.9,"GTBIF":0.9,"GWPH":0.9,"HITIF":0.9,"JAZZ":0.9,"JUSHF":0.9,"MJ":0.9,"MSOS":0.9,"MSRT":0.9,"NGD":0.9,"SNDL":0.9,"SPY":0.9,"TCNNF":0.9,"THCX":0.9,"TLRY":0.9,"YOLO":0.9}},"isVote":1,"tweetType":1,"viewCount":2441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}