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Cannabis Company 4Front Reports 28% YoY Drop In Q1 Revenue While Net Loss Grows, CEO Optimistic With Biden’s Marijuana Rescheduling News

By Jelena Martinovic
May 17, 9:04 AM
Vertically integrated multi-state cannabis operator and retailer 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced on Friday its results for the quarter ended March 31, 2024. "We've had an encouraging start to the year, energized by the fresh dynamics introduced with my recent appointment as CEO," the company's Andrew Thut said. "In just a few weeks, we've seen tangible improvements in our financial health, evidenced by reduced operational costs and effective management of working capital."

CSE:FFNT

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1 minute read

Chinese Hotel Management Firm H World Says Near-Term Revenue Per Available Room Performance Might See Some Fluctuations – Here’s Why

By Shivani Kumaresan
May 17, 8:50 AM
H World Group reported Q1 FY24 sales growth of 17.8% YoY to RMB5.3 billion ($731 million), surpassing the $711.50 million consensus estimate. The Legacy-Huazhu segment saw an 18.1% increase to RMB4.2 billion, while Legacy-DH grew 16.6% to RMB1 billion. Occupancy rates improved across both segments, with a blended RevPAR increase for Legacy-Huazhu and Legacy-DH hotels.

HTHT

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3 minute read

Wall Street Stays Cautious To Close Out A Big Week, Meme Rally Resumes: Analyst Warns Investors ‘Not To Sprint On The Victory Lap’

By Shanthi Rexaline
May 17, 7:12 AM
U.S. stocks are poised for a cautious start on Friday as concerns about rising interest rates return. Traders are waiting for a significant catalyst to propel the market higher after its recent record run.

AMAT