EVgo And 2 Other Stocks Under $5 Insiders Are Buying
The Dow Jones index closed higher by over 100 points on Tuesday. When insiders purchase or sell shares,…
Lowell Farms Reports 35% Revenue Drop In Q1: Following Cannabis Cultivation Exit, Net Loss Down 27.5%
California-based cannabis company Lowell Farms Inc. (OTC: LOWLF)
released its financial and operational results on Tuesday afternoon for the first quarter of 2024, ending March 31.
Glass House Cannabis Brands Exceeds Q1 2024 Guidance In Cash, Sales, Production And EBITDA
Glass House Brands Inc. (OTC: GHBWF) reported financial results for Q1 2024 with a revenue of $30.1 million, a 9% increase year-over-year. Biomass production reached 61,334 pounds, a 28% increase from the previous year, despite no expansion in cultivation footprint.
Will Pharma And Healthcare Have Competitive Edge In Cannabis Post-Rescheduling? Data Analytics Expert Weighs In
Roy Bingham, CEO of BDSA, anticipates substantial growth in the U.S. cannabis market, projecting sales to reach nearly $46 billion by 2028.
New Hotter Inflation Data – Momo Buys The Dip, Fed Blunder Shows Up In Roaring Meme Stocks
To gain an edge, this is what you need to know today.
Dingdong Rings Back To Revenue Growth, Posts Quarterly Net Profit
Key Takeaways:
Dingdong’s revenue grew slightly in the first quarter, ending more than a year of revenue contraction
The company recorded its second quarterly net profit since its listing and said it expects both revenue and profit to post “considerable year-over-year growth” this year
By Doug Young
Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M
Cannabis equity analysts may need to revise their 2024 earnings estimates after first-quarter results from major multi-state operators (MSOs). According to a recent report by Viridian Capital Advisors, 10 MSOs surpassed EBITDA estimates by $37 million in the first quarter of 2024, indicating that initial projections may have been too conservative.
Zomedica And 3 Other Stocks Under $3 Insiders Are Buying
The Dow Jones index closed lower by over 80 points on Monday. When insiders purchase or sell shares,…
Safe Harbor Financial’s 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling
Safe 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.
Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What’s Driving Markets Monday?
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.