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Bloomberg· 2025-09-29 13:45
Market Trend - Cannabis stocks experienced a rally following President Trump's video promoting CBD coverage under Medicare [1]
Village Farms International’s Board of Directors Unanimously Approves $10 Million Share Repurchase Authorization
Globenewswire· 2025-09-29 12:00
Core Viewpoint - Village Farms International, Inc. has announced a US $10 million share repurchase authorization for up to 5,687,000 common shares, reflecting the company's confidence in its financial strength and future cash flow generation to enhance shareholder value [1][2]. Financial Position - The company expects to close Q3 with approximately $75 million in cash, which will support the share repurchase program alongside ongoing organic growth initiatives [2][3]. - The repurchase program is flexible and does not obligate the company to acquire a specific amount of securities, allowing for adjustments based on market conditions and other factors [3]. Business Strategy - The share repurchase is part of a balanced approach to capital allocation, which also includes investments in expansion projects in Canada and the Netherlands [2]. - Village Farms operates in the Controlled Environment Agriculture sector, focusing on high-value plant-based Consumer Packaged Goods and has a significant presence in the cannabis industry [4][5]. Cannabis Operations - In Canada, the company's subsidiary Pure Sunfarms is one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and plans for future expansion [5]. - Internationally, Village Farms is targeting legal cannabis opportunities with growth potential, exporting medical cannabis to markets such as Germany, the UK, and Australia [6]. Future Growth - The company plans to enter the US THC market leveraging its Texas-based greenhouse assets, which include 2.2 million square feet of existing capacity and 950 acres of land for future expansion [7]. - Village Farms is also involved in renewable energy through its partnership with Terreva Renewables, generating renewable natural gas from landfill gas [8].
Curaleaf Expands Anthem Brand Portfolio with Launch of Anthem Bold Infused Pre-Rolls, Celebrating American-Grown Cannabis
Prnewswire· 2025-09-29 11:45
Accessibility StatementSkip Navigation New infused line extension pairs bold flavor with American tradition, now available at Curaleafstores in Arizona, Illinois, New Jersey, and New York STAMFORD, Conn., Sept. 29, 2025 /PRNewswire/ --Â Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced the launch of Anthem Bold, a new infused pre-roll line that expands the Company's growing Anthem brand portfolio. ...
Avant Brands Recognized as One of Canada's Top Growing Companies by The Globe and Mail for Third Consecutive Year
Accessnewswire· 2025-09-29 11:30
Core Insights - Avant Brands Inc. has been recognized as one of Canada's Top Growing Companies in The Globe and Mail's 2025 Report on Business [1] Company Overview - Avant Brands Inc. is a leading producer of innovative and award-winning cannabis products [1]
MariMed Announces Third Quarter 2025 Earnings Date
Globenewswire· 2025-09-29 11:30
Core Viewpoint - MariMed Inc. is set to report its third quarter 2025 financial results on November 5, 2025, with a conference call scheduled for November 6, 2025, to discuss these results [1][2]. Company Overview - MariMed Inc. is a prominent multi-state cannabis operator, recognized for its advanced cultivation, production, and retail facilities [3]. - The company boasts an award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby's Baked™, InHouse™, Nature's Heritage™, and Vibations™, which are well-regarded by consumers nationwide [3]. - MariMed is committed to excellence and aims to drive growth while setting new standards in the cannabis industry [3].
US cannabis stocks soar 20% after Trump endorses CBD's benefits for seniors
Invezz· 2025-09-29 10:43
Core Insights - A social media post by US President Donald Trump suggested potential health benefits from cannabidiol (CBD) use, leading to a rise in shares of cannabis companies in early premarket trading [1] Group 1 - The cannabis industry experienced a positive market reaction following Trump's comments, indicating increased investor interest [1] - The mention of health benefits from CBD by a high-profile figure like the President may enhance public perception and acceptance of cannabis products [1]
Stocks Set to Open Higher as Bond Yields Fall, Trump’s Shutdown Talks in Focus
Yahoo Finance· 2025-09-29 10:11
Group 1: Market Performance - Wall Street's major equity averages ended in the green, with Electronic Arts (EA) surging over +14% after reports of advanced talks to go private in a roughly $50 billion deal [1] - Chip stocks rallied, with GlobalFoundries (GFS) climbing more than +8% and Intel (INTC) rising over +4% following news of potential U.S. policy requiring domestic chip manufacturing [1] - Paccar (PCAR) advanced more than +5% after President Trump announced a 25% tariff on heavy truck imports [1] - Costco Wholesale (COST) fell over -2% after reporting weaker-than-expected FQ4 U.S. comparable sales growth, making it the top percentage loser on the S&P 500 and Nasdaq 100 [1] Group 2: Economic Indicators - The core PCE price index rose +0.2% month-over-month and +2.9% year-over-year in August, aligning with expectations [5] - U.S. personal spending climbed +0.6% month-over-month, exceeding expectations of +0.5% [5] - Personal income rose +0.4% month-over-month, stronger than the expected +0.3% [5] - The University of Michigan's consumer sentiment index for September was unexpectedly revised lower to a 4-month low of 55.1, weaker than expectations of 55.5 [5] Group 3: Federal Reserve Insights - Richmond Fed President Tom Barkin noted limited risk of further deterioration in unemployment and inflation despite divergence from targets [7] - Fed Vice Chair for Supervision Michelle Bowman emphasized the need for decisive action to address labor market fragility [7] - Cleveland Fed President Beth Hammack stated the necessity of maintaining a restrictive monetary policy to achieve the 2% inflation target [7] Group 4: Upcoming Economic Data - The U.S. September Nonfarm Payrolls report is anticipated, with expectations of a "soft" report that could support further rate cuts [9] - Additional insights into the labor market will come from JOLTs Job Openings, ADP Nonfarm Employment Change, and Initial Jobless Claims [9][10] - Notable data releases include the Consumer Confidence Index, Chicago PMI, and various PMIs related to manufacturing and services [10] Group 5: Corporate Earnings and Market Movements - Several notable companies, including Nike (NKE), Carnival (CCL), and Paychex (PAYX), are set to release quarterly results this week [12] - Merus N.V. (MRUS) jumped over +38% in pre-market trading after Genmab agreed to acquire the company for $8 billion [20] - U.S.-listed cannabis-related companies saw significant gains in pre-market trading following President Trump's comments on hemp-derived cannabidiol [20]
S&P 500, Nasdaq climb as investors brush off shutdown woes, hawkish talk
Yahoo Finance· 2025-09-29 09:37
By Niket Nishant and Sukriti Gupta (Reuters) -The S&P 500 and the Nasdaq indexes rose on Monday, rebounding from last week's declines, as investors shrugged off fears of a looming government shutdown and hawkish remarks from a Federal Reserve official. The surge underscores a strong risk-on sentiment among investors, whose expectations of a dovish Fed have helped equities sustain lofty valuations, even amid persistent inflation concerns and labor market uncertainties. "Dip buyers keep being rewarded i ...
Top-Performing ETF Areas of Q3
ZACKS· 2025-09-26 13:00
Market Performance - The S&P 500 increased by 6.4%, the Dow Jones rose by 4.2%, the Nasdaq advanced by 9.9%, and the Russell 2000 gained 10.9% in Q3 2025, with small caps receiving particular attention [1] - The Russell 2000 surged approximately 7% in August, marking its fourth consecutive monthly gain and the strongest streak in over four years [1] Economic Indicators - The U.S. economy grew at a robust 3.8% pace in Q2 2025, driven by stronger consumer spending, which was an upward revision from the previously reported 3.3% growth [2][3] - The U.S. added 22,000 jobs in August 2025, which was lower than the revised 79,000 in July and below market forecasts of 75,000 [4] - The annual inflation rate in the U.S. rose to 2.9% in August 2025, the highest since January, after remaining at 2.7% in June and July [4] Federal Reserve Actions - The Federal Reserve implemented its first rate cut of 2025 in September, with a high probability of a further 25-basis point cut in the upcoming October meeting [5] Trade and Tariff Developments - President Trump announced new tariffs ranging from 30% to 100% on various imported goods, effective October 1, 2025, with exemptions for certain drug manufacturers [6] Sector Highlights - The AI sector remains strong, with notable deals from NVIDIA involving Intel, Open AI, and Alibaba, although concerns about the pace of AI payoffs persist [7] - Bitcoin mining ETFs saw significant gains, with CoinShares Bitcoin Mining ETF up 116.4% and Grayscale Bitcoin Miners ETF up 69.3%, driven by increased institutional adoption [9] - Cannabis ETFs also performed well, with Roundhill Cannabis ETF up 91.8% and AdvisorShares Pure US Cannabis ETF up 84.5%, following hints from President Trump about potential reclassification of marijuana [10] - Rare earth sector saw VanEck Rare Earth/Strategic Metals ETF increase by 67.6%, with Lithium Americas Inc. shares jumping about 90% after government investment announcements [11] - Ethereum prices surged by 57% in Q3 2025, with Grayscale Ethereum Mini Trust ETF up 60.9% and Bitwise Ethereum ETF up 60.8%, driven by strong institutional demand [12]
Curaleaf to Report Third Quarter 2025 Financial and Operational Results
Prnewswire· 2025-09-25 20:15
Core Insights - Curaleaf Holdings, Inc. will report its financial and operating results for the third quarter ended September 30, 2025, after market close on November 5, 2025 [1] - A conference call and audio webcast will be held on the same day at 5:00 p.m. ET to discuss the Company's operational and financial highlights [2] Company Overview - Curaleaf is a leading international provider of consumer cannabis products, with a mission to enhance lives through the power of the plant [3] - The Company is recognized for its high growth, quality, expertise, and reliability, offering a wide range of products and services across medical and adult-use markets [3] - Curaleaf operates a strong distribution network in Europe, Canada, and Australasia, integrating science and research with advanced cultivation, extraction, and production techniques [3]