Cannabis Insider took a deep dive into some of the prickly questions that beg to be answered and called on just the right trio of women to do that: Natalie Papillon of the Last Prisoner Project (LPP), Christine De La Rosa of The People's Ecosystem and Sarah Chase, executive director of the Council for Federal Cannabis...
Cathie Wood-led Ark Investment Management has bought 628,060 shares of clinical-stage biopharmaceutical company Fate Therapeutics Inc. (NASDAQ: FATE) through two of the firm’s exchange-traded funds (ETF) valued at over $20 million based on Thursday’s closing price. Fate Therapeutics is the 21st largest holding in Ark Innovation ETF (NYSE: ARKK), the firm’s flagship fund, with a...
Global supply chain issues have made many more people aware of the interconnected nature of today’s world. The basic functioning of the economy relies on an incredibly intricate system of moving materials and goods from one place to another. As has been true for most of human history, the easiest way to do this at...
Cowen & Co. cut the price target for The RealReal, Inc. (NASDAQ: REAL) from $14 to $3. RealReal shares fell 0.7% to $3.1388 in pre-market trading. Piper Sandler lowered the price target on Olo Inc. (NYSE: OLO) from $13 to $9. Olo shares fell 32.6% to $8.75 in pre-market trading. Keybanc raised Toast, Inc. (NYSE:...
Michigan residents, especially in the Grand Rapids area, have an exciting addition bound to shake up the local cannabis economy. Noxx Cannabis is launching a retail shop in Grand Rapids in August and plans to open two additional dispensaries and a production facility in Grand Rapids by the end of the year, generating more than...
Forian Inc. (NASDAQ: FORA) released results for the quarter ended June 30, 2022. Q2 2022 Financial Highlights Revenue for the quarter was $6.5 million, an increase of 44% versus the prior year and 2% sequentially over the first quarter of 2022. Net loss for the quarter was $5.4 million, or $0.17 per share, compared to...
Clever Leaves Holdings Inc. (NASDAQ: CLVR) (NASDAQ: CLVRW) released financial results for the second quarter ended June 30, 2022, revealing revenue increased 27% to $4.7 million compared to $3.7 million in Q2 2021. Q2 2022 Financial Highlights vs. Comparable Year-Ago Quarter Gross profit was $1.3 million, which included a $1.3 million inventory provision, compared to...
The U.S. Treasury Department recently blacklisted the use of Tornado Cash, an open source project that allows users to hide their transactions. They claim Tornado has been used by North Korean hackers to launder over $7 billion in stolen cryptocurrency since 2019. In turn, Circle, issuers of the popular dollar-pegged USDC stablecoin, froze 75,000 USDC...
NBA Hall of Famer and entrepreneur Chris Webber launched his luxury cannabis brand Players Only with his business partner Lavetta Willis. The upstart brand will have new offerings available for purchase at select Gage and Berner’s Cookies dispensaries throughout Michigan. The NBA icon will also celebrate the unveiling of Players Only with an activation in...
U.S. producer prices dropped 0.5% month-over-month in July, following a revised 1% increase in the previous month. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their...