Category: Stock Market
Green Thumb Industries Inc. GTBIF, +5.07% GTII, +5.08% said Wednesday it will launch retail sales of cannabis for medical patients at “about” 10 Circle K stores in Florida. The Chicago and Vancouver-based cannabis company said its Rise Dispensaries inked a lease agreement with Circle K to test the rollout of more potential stores out of […]
Winnebago Industries Inc. WGO, -11.85% topped revenue expectations for its fiscal fourth quarter as the maker of recreational vehicles and other outdoor items said that its products were resonating with consumers. The company posted net income of $82.6 million, or $2.61 a share, compared with $84.1 million, or $2.45 a share, in the year-prior quarter. […]
Shares of Novavax Inc. NVAX, -0.43% rallied 1.9% in morning trading Wednesday, after the biotechnology company said its protein-based COVID-19 vaccine booster was granted emergency use authorization (EUA) for adults. The booster shot is OK’d for people at least 18 years old who have completed primary vaccinations. The company said in trials, any local and […]
Green Organic Dutchman Holdings Ltd. TGODF, +26.00% TGOD, +21.43% said Wednesday it will merge with BZAM Cannabis in a deal to create the sixth-largest licensed Canadian cannabis producer. Privately owned BZAM Cannabis has one shareholder, who will own 49.5% of the combined company once the deal closes. BZAM CEO Matt Milich and Jordan Winnett, BZAM’s […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.7 million barrels for the week ended Oct. 14. On average, analysts forecasted a decrease of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also showed a weekly inventory decline of 100,000 barrels for gasoline, […]
A group of Justice Department prosecutors believes there is sufficient evidence to charge former President Donald Trump with obstruction of justice, but the team that’s part of the classified records probe has not yet made a formal recommendation to Attorney General Merrick Garland, according to a Bloomberg report citing unnamed sources. There are several other investigations […]
Oklahoma Governor Kevin Stitt said Tuesday that State Question 820 to legalize adult-use cannabis will go before voters in a special election on on March 7. The referendum includes the introduction of a 15% excise tax on recreational use sales, above applicable sales taxes, to fund implementation of the law. Any surplus revenue will go […]
Hydrogen and fuel cell systems company Plug Power Inc. PLUG, -4.34% and chlor alkali producer Olin Corp. OLN, -1.27% announced Wednesday a joint venture, Hidrogenii, that will kick off with the building of a 15 ton-per-day hydrogen plant in St. Gabriel, Louisiana. The company’s said construction will create 160 jobs in 2022 and 215 jobs […]
Shares of Walt Disney Co. DIS, +2.21% rallied 2.2% early Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.02% premarket gainers and to buck the broader market selloff, as a strong earnings report from fellow streaming video provider Netflix Inc. NFLX, +11.97% likely provided a boost. Among other streaming video companies, shares of […]
Abbott Laboratories ABT, -5.91% said Wednesday that it had earnings of $1.4 billion, or $1.15 per share, in the third quarter of 2022, compared with $2.1 billion, or $1.40, in the same quarter a year ago. Adjusted earnings per share were $1.15, against a FactSet consensus of 94 cents. The company reported that sales fell […]