U.S. markets open in 1 hour 22 minutes

  • S&P Futures

    3,911.50
    +11.75 (+0.30%)
     

  • Dow Futures

    32,400.00
    +94.00 (+0.29%)
     

  • Nasdaq Futures

    13,093.75
    +87.50 (+0.67%)
     

  • Russell 2000 Futures

    2,197.00
    +16.60 (+0.76%)
     

  • Crude Oil

    58.92
    +1.16 (+2.01%)
     

  • Gold

    1,729.60
    +4.50 (+0.26%)
     

  • Silver

    25.29
    +0.06 (+0.25%)
     

  • EUR/USD

    1.1836
    -0.0020 (-0.17%)
     

  • 10-Yr Bond

    1.6380
    0.0000 (0.00%)
     

  • Vix

    20.37
    +1.49 (+7.89%)
     

  • GBP/USD

    1.3716
    -0.0039 (-0.29%)
     

  • USD/JPY

    108.6500
    +0.0400 (+0.04%)
     

  • BTC-USD

    57,055.37
    +2,115.76 (+3.85%)
     

  • CMC Crypto 200

    1,139.14
    +39.33 (+3.58%)
     

  • FTSE 100

    6,686.41
    -12.78 (-0.19%)
     

  • Nikkei 225

    28,405.52
    -590.40 (-2.04%)
     

2 Value Stocks In The Technology Sector

Benzinga Insights
·1 min read

 

Understanding Value Stocks

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

The following stocks are considered to be notable value stocks in the technology sector:

  1. Inpixon (NASDAQ:INPX) - P/E: 0.08

  2. China Index Holdings (NASDAQ:CIH) - P/E: 4.44

This quarter, Inpixon experienced an increase in earnings per share, which was -0.21 in Q2 and is now -0.13. Inpixon does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.

China Index Holdings's earnings per share for Q4 sits at 0.15, whereas in Q3, they were at 0.12. China Index Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Recommended Stories

  • India's Mahindra Holidays to Add 4 Resorts This Quarter

    Mar.24 -- Kavinder Singh, managing director and chief executive officer of Mahindra Holidays & Resorts India Ltd., discusses the outlook for his business in the home market and abroad amid the coronavirus pandemic. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia."

  • QuantumScape Ramps Up Plans After Partner VW Sets Ambitious Goal

    QuantumScape will build a larger production line, after partner Volkswagen set a timeline for switching to solid-state batteries.

  • The Ultimate Warren Buffett Stock Is Near Buy Zone, But Should You Buy It?

    Berkshire Hathaway is the ultimate Warren Buffett stock. But is it a good buy? Here's what the earnings and chart show for Berkshire stock.

  • QuantumScape's share sale to fund solid-state battery production roils its market value

    QuantumScape has issued a share offering to pay for an expanded pilot production line for its solid-state batteries just months after it became a publicly traded company via a reverse merger. QuantumScape said in a regulatory filing that the net proceeds from its sale of 13 million shares — along with an additional 1.95 million shares if underwriters exercise that option — could be much as $859 million based upon an assumed public offering price of $59.34 per share. The funds will be used to build a larger pre-pilot line called QS-0 and cover its part of a joint venture with Volkswagen Group for an expanded manufacturing facility known as QS-1.

  • IRS: More $1,400 stimulus payments are coming — so check your mail

    Another wave of $1,400 stimulus payments rolling out this week --- and this time, many are coming as paper checks or pre-paid debit cards, the Internal Revenue Service announced Monday.

  • Nasdaq Leads Futures Higher as Yields Steady: Markets Wrap

    (Bloomberg) -- The Nasdaq 100 Index led U.S. equity futures higher while Treasury yields were steady.Futures on the S&P 500 and Dow Jones Industrial Average also pointed to a recovery in the underlying gauges which slipped Tuesday amid a setback for reopening favorites. Shares in Intel Corp. rose in premarket trading after it unveiled a plan to make chips for other companies amid a global shortage.The stabilization in bond yields and assurances by Federal Reserve Chairman Jerome Powell on inflation risks have helped allay fears that a growth breakout will force tighter central-bank policy.Treasury auctions scheduled for Wednesday and Thursday will be closely watched for the direction of yields since last month’s disastrous seven-year auction sparked a global selloff in bonds and tech stocks. Today’s offerings include $61 billion of five-year notes.“Yields have been tamed in recent sessions,” according to Steen Jakobsen, chief investment officer at Saxo Bank. The auctions “will help determine whether the ‘rising U.S. yields’ narrative can be entirely taken off the frontburner for now,” he wrote in a note.European stocks edged lower, with cyclical stocks including banks and auto firms among the fallers. A gauge of Asia-Pacific shares fell the most in about two weeks. Hong Kong equities fell to a 10% correction in five weeks amid the city’s decision to temporarily suspend BioNTech SE vaccines.Meanwhile, West Texas Intermediate crude rose as much as 3.4% after a container ship ran aground in the Suez Canal, blocking off traffic in both directions on one of the world’s busiest maritime trade routes. Bitcoin rose after Tesla Inc. Chief Executive Officer Elon Musk tweeted that the firm’s cars can be purchased with the largest cryptocurrency.These are some key events to watch this week:The U.S. Treasury holds auctions of five- and seven-year debt.EIA crude oil inventory report on Wednesday.U.S. personal income and spending data on Friday.These are some of the main moves in financial markets:StocksFutures on the S&P 500 Index increased 0.4% as of 7:32 a.m. New York time.The Stoxx Europe 600 Index decreased 0.1%.The MSCI Asia Pacific Index dipped 1.5%.The MSCI Emerging Market Index dipped 1.1%.CurrenciesThe Bloomberg Dollar Spot Index climbed 0.1%.The euro fell 0.2% to $1.1831.The British pound sank 0.3% to $1.3713.The onshore yuan weakened 0.1% to 6.522 per dollar.The Japanese yen weakened 0.1% to 108.69 per dollar.BondsThe yield on 10-year Treasuries climbed less than one basis point to 1.62%.The yield on two-year Treasuries increased less than one basis point to 0.15%.Germany’s 10-year yield sank one basis point to -0.36%.Japan’s 10-year yield declined one basis point to 0.073%.Britain’s 10-year yield fell one basis point to 0.752%.CommoditiesWest Texas Intermediate crude gained 2.2% to $59.04 a barrel.Brent crude gained 2.1% to $62.07 a barrel.Gold strengthened 0.2% to $1,729.97 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Arcadia steps in to Texas' startup energy market with the acquisition of Real Simple Energy

    On the third greatest television show of all time (sorry Rolling Stone), one of Texas' most famous fictional football players once said, "When all the scared rats are leaving a sinking market, that's when a real entrepreneur steps in -- a true visionary." If that's the case, then the startup renewable energy retail reseller Arcadia may be a true visionary. The company is buying Real Simple Energy, which not only marks the company's availability in all 50 states, but gives Real Simple Energy customers access to both wind and solar power generating projects.

  • Reddit crew aims to form super PAC in support of retail traders

    A growing band of retail traders is coming together to make it clear that they hate Wall Street almost as much as they “like the stock,” perhaps highlighting the growing potency of average investors in a new era of investing.

  • On Twilio, Two Out of Three Might Be Bad

    In the updated daily Japanese candlestick chart of TWLO, below, we see that prices have failed at the underside of the 50-day moving average line. The trading volume has remained subdued this month and the On-Balance-Volume (OBBV) line shows only a minor recovery. The Moving Average Convergence Divergence (MACD) oscillator is pointed lower below the zero line.

  • Will The Sun Shine Or Dim On Solar Energy Stocks? An Analyst Illuminates The Issue

    In the past month, solar stocks have underperformed in the broader market, but there are bargains in the sector that could be picked up amid improving fundamentals, according to an analyst at Goldman Sachs. The Solar Stock Analyst: Brian Lee upgraded shares of Sunrun Inc (NASDAQ: RUN), with a $77 price target. On the other hand, the analyst downgraded SunPower Corporation (NASDAQ: SPWR) from Buy to Neutral and reduced the price target from $42 to $32. The Solar Stock Theses — 3 Key Reasons to Be Positive On Solar Stocks: The solar industry is seeing solid fundamentals and have had momentum since the start of the year, analyst Lee said in a note. U.S. solar demand, the analyst said, is back to pre-pandemic levels. "Our ongoing channel checks with downstream distributors and installers also resonate with our expectations that demand heading into 2021 remains strong," Lee wrote in the note. Secondly, financing conditions are robust for the solar industry, despite rising interest rates, the analyst said. Additionally, President Joe Biden's focus on clean energy infrastructure is seen as a positive catalyst, according to Lee. Although solar stocks aren't really cheap in absolute terms, the average P/E has compressed by about seven turns since the beginning of 2021, the analyst said. This is despite an aggregate 8% upward revision to earnings estimate, he added. Goldman highlighted Sunnova Energy International Inc (NYSE: NOVA), Enphase Energy Inc. (NASDAQ: ENPH) and Array Technologies Inc (NASDAQ: ARRY) as top solar ideas. Related Link: If You Like SolarEdge, Check Out These 3 Companies Bullish On Sunrun's Fundamentals: Given the major sell-off in Sunrun shares due to macro factors, the risk-reward has become more attractive at the current levels, analyst Lee said. Lee is bullish on Sunrun's fundamentals, and the company is likely to outpace in the near term, thanks to market expansion. Potential positive financing catalysts and ongoing growth acceleration, the analyst said, will buoy shares in the near-to-medium term. SunPower's Risk-Reward Balanced: SunPower shares are up over 214% since they were added to the Americas Buy List on June 17, 2019, compared to a mere 49% advance by the Russell 2,000 Index, Lee noted. The stock, the analyst said, has increased over eight times in the past year. Goldman's revised $32, 12-month target, Lee said, implied less upside from here versus residential solar peers as well as relative to other solar names under coverage. "While fundamentally we continue to see SPWR well-positioned within the solar space, we now see risk-reward as being more balanced at these levels relative to Buy-rated peers with similar resi solar exposure such as NOVA, as well as ENPH," the analyst wrote in the note. Solar Stocks Price Action: At last check Tuesday afternoon, Sunrun was down 0.25% to $57.24 and SunPower was down 5.79% to $32.45. Related Link: Looking Into SunPower's Return On Capital Employed (Photo: Emojione via Wiki Commons) Latest Ratings for RUN DateFirmActionFromTo Mar 2021Goldman SachsUpgradesNeutralBuy Mar 2021SusquehannaInitiates Coverage OnPositive Mar 2021Morgan StanleyUpgradesEqual-WeightOverweight View More Analyst Ratings for RUN View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaA Spotlight On Israel's Rollout Of Pfizer's COVID-19 Vaccine, Why Some Have Privacy ConcernsInovio Has 'Bigger Value Drivers' Outside Of COVID-19 Vaccine Program: BofA Analyst© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Qualcomm Said To Be Developing Android-Based Nintendo Switch Clone

    Qualcomm, Inc (NASDAQ: QCOM) is building a handheld gaming console that resembles a Nintendo Co, Ltd (OTC: NTDOY) Switch, the Verge reported Tuesday, citing multiple reports. What Happened: The device will be powered by Qualcomm’s chips and will be based on the Android mobile operating system made by Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google, according to The Verge. The 5G capable device would reportedly include detachable controllers, an SD card slot, and run Android 12. On Tuesday, XDA editor-in-chief Mishaal Rahman tweeted some details about the device and said it could have a 6000 mAh battery and support a fan. According to Rahman, the device will sport a 6.65-inch Full HD+ display. My source didn't think this was going to be a commercial product, as it would make sense for Qualcomm to simply build a reference design for a gaming phone given how popular they've become in China. — Mishaal Rahman (@MishaalRahman) March 23, 2021 Rahman was not sure if the device would end up being aimed at consumers, as per a separate tweet. Why It Matters: The slated price for the device is said to be $300, which is akin to a Nintendo switch, noted the Verge. This month, it was revealed that Nintendo has plans to upgrade its Switch console with larger Samsung OLED displays in 2021 in order to boost holiday sales. Nintendo intends to keep pitching its Switch consoles against the latest devices from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT). The Switch-maker has raised its FY 21 outlook for sales from 24 million units to 26.5 million units for the console. Price Action: Qualcomm shares closed nearly 1.2% lower at $132.52 on Tuesday and gained almost 0.2% in after-hours trading. On the same day, Nintendo OTC shares closed 0.88% higher at $73.70. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España. See more from BenzingaClick here for options trades from BenzingaApple Discontinues The Original HomePod SpeakerGameStop To Exclusively Sell Monster Hunter Stories 2 Amiibo In US© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • The Global Auto Plants Now Idle as Chip Supplies Dry Up

    (Bloomberg) -- Many of the world’s biggest automakers are suspending operations at their factories in Asia, Europe and North America due to a persistent shortage of semiconductors that was exacerbated by a fire at a key chip-producing plant over the weekend.Ford Motor Co., Toyota Motor Corp., Volkswagen AG and Honda Motor Co. are among those affected by problems with the supply of semiconductors, which are used in vehicles to manage and monitor everything from engine and driving performance to air-conditioning and entertainment systems.“Production is really vulnerable right now,” Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. “Any kind of abnormal occurrence causes parts to run out.”The shortage initially came about as rising demand for cars coincided with a boom in the market for devices such as laptops, webcams and gaming systems as people spent longer at home due to the pandemic. That diverted chips away from the auto industry, which had earlier slashed orders after Covid-19 caused their sales to collapse. Winter storms in the U.S. also affected semiconductor supplies, and then the situation worsened this week after a fire damaged a plant run by Renesas Electronics Corp., a top provider of automotive chips.Analysts at Mitsubishi UFJ Morgan Stanley Securities Co. already estimated in January that the shortage would reduce global vehicle production by 1.5 million units, with Japanese automakers accounting for roughly a third of that total.Here are some of the latest stoppages by automakers:Hyundai Motor Co. is suspending extra work on the weekend to adjust production of brands including Kona, Avante, Grandeur and Sonata, the Seoul Economic Daily reported.Honda is suspending production at six factories in the U.S., Canada and Mexico, citing the chip shortage as well as congestion at ports and cold weather.Volvo AB is implementing stop days across global truck manufacturing operations, saying it sees a “substantial impact” from the global semiconductor shortage.Ford has halted production at a factory in Ohio and dropped one shift at another in Kentucky, both until March 29. It said F-150 trucks and Edge SUVs will be assembled in North America without certain parts and shipped to dealers once electronic modules that contain chips are available.Nissan Motor Co. is adjusting production across its operations in the U.S. and Mexico.Operations at Toyota’s Kolin plant in the Czech Republic, which makes the compact car Aygo for the European market, have been suspended for two weeks from March 22 after cold weather in the U.S. disrupted chip production.Volkswagen is halting production at a plant in Portugal from March 22-28.Mitsubishi Motors Corp. is reducing domestic output of vehicles by 4,000-5,000 units in March and reviewing production plans for April.With the exception of Volkswagen, the share prices of all of those automakers have fallen this week, tracking declines in the S&P Supercomposite Auto Parts & Equipment Index, which is down 10% from a March 17 peak.The Renesas fire will halt a production line for 300mm wafers for at least a month and probably have a big impact on the car industry, Chief Executive Officer Hidetoshi Shibata said during an online news conference Sunday. Underscoring the severity of the outage, Toyota and Nissan dispatched workers to help in recovery efforts.“The automotive industry is key in Japan, therefore any incident that impacts it has a broad effect on the economy,” said Roman Schorr, a director at Fitch Ratings. With the added variable of a chip crunch, “it’s certainly striking that so much right now hinges on one factory,” he said.Shibata will join executives from Tokyo Electron Ltd. and Kioxia Holdings Corp., as well as representatives from the auto sector, at meeting with Japan’s economy ministry later Wednesday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Column: Who are the biggest tax cheats? The 1% — and here's how they get away with it

    It's widely assumed that the biggest tax scofflaws are those with the most money. A new study tells us things are much worse than anyone suspected.

  • 2 Top Dividend Stocks for a Better Retirement

    Generally speaking, retirees should stick with blue-chip companies that have generated decades of dependable growth, trade at reasonable valuations, and pay higher dividend yields than the 10-year Treasury's current yield of 1.7%. It pays a forward dividend yield of 3.5%, and it spent just 58% of its free cash flow (FCF) on those payments over the past 12 months.

  • Iconic Canadian Space Firm Targets $400 Million in IPO Return

    (Bloomberg) -- The Canadian space technology firm best known for developing the robotic arm used on the International Space Station aims to raise C$500 million ($400 million) in its stock market return.MDA Ltd. is looking to sell 25 million to 31.25 million shares for between C$16 and C$20 each in an initial public offering in Canada, the company said Monday in a regulatory filing. The Brampton, Ontario-based firm plans to list on the Toronto Stock Exchange under the ticker symbol MDA.The IPO marks a return to public markets for an iconic Canadian company once known as MacDonald, Dettwiler and Associates. It previously traded in Toronto and was renamed Maxar Technologies Inc. in 2017 after its acquisition of Colorado-based DigitalGlobe Inc., a deal that led to a New York Stock Exchange listing as well.Maxar then sold the Canadian space and defense assets for C$1 billion to a Toronto-based private equity firm led by John Risley and Andrew Lapham, with investors including former BlackBerry Ltd. co-CEO Jim Balsillie and Montreal-based Senvest Capital Inc. The deal closed last April.MDA specializes in space robotics, satellite systems and satellite imagery analysis. Its products include a global maritime information platform for vessel detection and climate monitoring, sensors for space missions and the robotic Canadarm used in NASA’s Space Shuttle program and later on the International Space Station.MDA plans to use about C$340 million of the proceeds to repay debt and the rest to fund ongoing growth initiatives, according to a regulatory filing.Bank of Montreal, Morgan Stanley and Bank of Nova Scotia are leading the banking group on the sale, and the investment banks have the option to sell an additional 15% of the offering after the close.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Sprouts Farmers Market Shares Can Rally 45%, Says Fund Manager

    The stock market doesn’t fully appreciate this grocer’s ability to throw off cash while continuing to grow.

  • Samantha Gleit – Behind Debt Structure In Today's Cannabis Industry

    Feuerstein Kulick LLP was a sponsor at the Benzinga Cannabis Capital Conference on February 25-26, 2021. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only. Navigating through the different complexities in the cannabis industry with limited liquidity sources and a state-by-state regulatory regime is time-consuming and can add an extra cost to a company’s structure. If a company doesn’t strategically plan ahead to address growth and capital needs, it can be detrimental in the increasingly competitive market. Thus, financial and legal planning is crucial in the evolving cannabis landscape, and having an experienced, reliable legal team can make or break a company. In recent months we’ve seen several high-profile transactions achieving scale through M&A activity. From names like Curaleaf Holdings Inc. (OTCQX: CURLF), Heritage Cannabis (CSE: CANN) (OTCQX: HERTF), Jazz Pharmaceuticals (NASDAQ: JAZZ) GW Pharmaceuticals (NASDAQ: GWPH), Cresco Labs (OTC: CRLBF), Canopy Growth Corp. (NASDAQ: CGC) and Indus Holding Inc. (OTCQX: INDXF) acquiring Lowell Herb Co. among others, the market will keep gaining momentum. Without current safe banking and federal legalization, M&A is one of the only ways to scale outside of the process of applying for and winning licenses in each state where you want to operate. Debt financing began to gain substantial attention in the cannabis industry in 2020 given the valuation declines that many cannabis companies suffered from when the “green bubble” burst in 2019. Nowadays, for companies that don’t want to further dilute their equity, the weapon of choice for raising capital is by obtaining secured debt, and this not for the faint-hearted because it requires lenders to get comfortable extending traditional types of loans where a key component of the collateral package is federally illegal. The lack of bankruptcy protection and restrictions on the transferability of cannabis licenses further complicate the traditional lending model and can be a deterrent for investors who have not experienced lenders in the industry. Facing the issues on a daily basis, Samantha Gleit has structured some of the largest term loans in the cannabis industry to date, and as part of International Women’s Month, we highlight Gleit’s expertise and impact on the cannabis debt market. Gleit is a trailblazer debt finance partner at Feuerstein Kulick LLP, a boutique law firm that represents clients in all aspects of the legal cannabis space, including investors, funds, leading technology and ancillary companies, brands, license holders and operators. Last year, Feuerstein Kulick LLP was named as one of the top seven cannabis firms in the country. Here’s what you need to know. Who is Samantha Gleit? Gleit’s extensive distressed debt and collateralization experience have helped several companies and lenders create a unique roadmap to obtaining capital quickly and efficiently. Feuerstein Kulick LLP has a deep regulatory practice focused exclusively on cannabis. Gleit has worked in novel restructuring strategies and risk precautions that have helped transform the primary forms of financing available to cannabis companies. Without a downside scenario, alternative investors (who unlike large banks are able to invest in the industry despite federal illegalization) can be hesitant to extend loans. Prior to the recent influx of large term loans, cannabis companies were not seeing these types of financing opportunities without major equity dilution because the collateral was too risky. In 2020, Gleit represented a syndicate of lenders to Curaleaf Holdings Inc. in a $300 million term loan, which was one of the first significant term loans in the cannabis space. It signaled a new potential source of liquidity for growing cannabis companies who do not want to dilute equity. Also, recently Gleit represented a syndicate of lenders who made a separate revolving loan to Curaleaf Holdings Inc. Gleit also structured a $250 senior secured credit facility with the factoring arm of a wholesale B2B marketplace, advised Navy Capital in leading in a private placement of convertible debt with 4Front (CSE: FFNT) (OTCQX: FFNTF) and advised lenders to other large multi-state operators such as Cresco Labs Inc. (OTC: CRLBF) and TerrAscend Corp. (OTC: TRSSF), in addition to loans with various single state operators. Many of Gleit’s deals (including the lenders’ identities) are confidential, but they include having represented stakeholders in some of the most publicly distressed cannabis companies, which have earned her a reputation as one of the top cannabis deal lawyers in the space. Additionally, Gleit is a mom, a wife and a mentor who is regularly featured on professional panels and at conferences. “Introducing more standardized debt structures to the cannabis industry has been very exciting, and also grueling. We’re far outside of the ‘safety zone’ that traditional lenders are used to, and the rewards for this risk are often substantial.” Why Is It Important To Talk About Debt? Cannabis is not federally legal, thus every state has its own set of regulations. Some companies might require preapproval from regulators, background checks, social equity or equity pledge agreements, among others, to receive licensing or even to continue. Also, federal bankruptcy is not an option — only certain states have regulations that address insolvency and state receivership programs. So, this is the start in how to build a strategy. Debt is an important factor in the capital structure of a company and contributes to its growth. For companies trying to preserve equity, it becomes an attractive option for companies trying to raise capital that are able to obtain debt on workable terms. Many cannabis companies are currently looking into debt as a funding tool due to cannabis stock prices and as an option that can provide more flexibility than real estate sale-leaseback deals. Feuerstein Kulick LLP – Leading By Example On behalf of lenders, Feuerstein Kulick minimizes fluid legal risks while maximizing collateral value, including distressed and bespoke asset classes. On behalf of borrowers, the firm is integrally connected to the fast-paced developments in the industry and protects the flexibility emerging companies need to grow. Gleit’s team recently advised on the completion of an $18 million credit facility to support the growth of a Maryland cannabis cultivation operation and is advising another private multi-state operator on an unsecured $50 million financing expected to close later this month. Helping To Right A Historic Wrong – A Pro-Bono Initiative To Help Victims Of The War On Drugs Feuerstein Kulick is positioned to help the people and communities disproportionately impacted by the failed war on drugs. The firm has embarked on a pro-bono initiative to help people with cannabis-related convictions reduce their sentences and expunge their records in New York and other states. There are still approximately 40,000 people incarcerated for cannabis-related crimes. Feuerstein Kulick feels a professional obligation to help these individuals. The firm is working with the Glass House Group and cannabis advocate Cheri Sicard to help reduce sentences and the records of people serving life sentences for federal marijuana-related crimes. See more from BenzingaClick here for options trades from BenzingaThe New European Cannabis Frontier — Clever Leaves Is Positioned For SuccessThe Real Value Of Influencers And Content Creation – ClubHouse Media Group Inc.© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • The New European Cannabis Frontier — Clever Leaves Is Positioned For Success

    Clever Leaves Holdings Inc. was a sponsor at the Benzinga Cannabis Capital Conference on February 25-26, 2021. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only. While many await the fate of cannabis in the U.S., the European cannabis market is becoming increasingly viable and even showing potential to exceed the U.S. cannabis market in the long term. From geographical advantages, subsidized pricing, cost-effectiveness and portfolio diversification, companies are rushing to get a foothold in the European Union (EU) cannabis industry. For example, Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) recently entered the European cannabis market with a $286 million acquisition of EMMAC Life Sciences, which currently has a presence in 8 European countries, including cannabis cultivation operations in Portugal. This acquisition brought renewed attention to a potentially lucrative window of opportunity in Europe that has been overlooked in the past. EMMAC is not the only cannabis company to keep an eye on the EU. Clever Leaves Holdings Inc. (NASDAQ: CLVR), a leading multinational operator and a licensed producer of pharmaceutical-grade cannabis and cannabinoids, is another company with a presence in Europe, including in Germany and Portugal, where it maintains a GACP-certified cultivation facility. In addition, Clever Leaves has operations in the U.S., Canada and Colombia, among others. A recent report revealed that the European cannabis market is expected to reach $36,997 million by 2027 from $3,498.1 million in 2019, with a CAGR of 29.6% from 2020 to 2027. Here’s what you need to know. Good Manufacturing Practices And The EU To be part of the EU cannabis market, companies need to be in compliance with extremely rigorous regulatory standards of health and safety — this differentiator ensures the highest levels of quality as a global player. According to The World Health Organization (WHO), good manufacturing practices (GMP) ensure production consistency, testing, stability and rigorous control according to these standards. Above all, it is a way for manufacturers to guarantee that consumers are not put at risk due to a lack of safety, quality or efficacy in the production and extraction processes. EU GMP is typically difficult to obtain because it has a number of procedures, traceability requirements, documentation and a significant upfront cost. Clever Leaves has GACP-certified cultivation in Colombia and the only cannabis EU GMP-certified, post-harvest and extraction operation in Latin America. Additionally, Clever Leaves is a licensed producer in Portugal with an 85-hectare property, 1 hectare of existing greenhouse and expansion underway, and a vision to construct GMP-certified pharmaceutical and processing facilities. Clever Leaves Global Footprint Clever Leaves’ distribution network and global footprint have a foundation built upon capital efficiency and rapid growth. The company is well-positioned to take advantage of the opportunities of the EU market. In Germany, Clever Leaves has a 14% ownership of a GMP-certified pharmaceutical distribution company, Cansativa GmbH. The company’s operations throughout Europe offer a significant advantage as cannabis regulations develop and Clever Leaves continues to expand on its network of partner businesses in the region. This week, Clever Leaves announced a partnership with a leading European pharma company, Ethypharm, to market EU GMP-certified medical cannabis products to patients in Germany. Clever Leaves has business alliances that expand in countries including the U.S., Germany, the U.K., Israel, Brazil and Australia, among others. Corporate Highlights Clever Leaves is a multinational cannabis company with an emphasis on ecologically sustainable, large-scale cultivation and pharmaceutical-grade processing. The company boasts EU GMP, INVIMA GMP and GACP-certified Colombian cultivation and post-harvest facilities; it is in the process of obtaining GMP certification for Portuguese operations. The company is currently listed on the Nasdaq (NASDAQ: CLVR, CLVRW) and was recently added to the New York Stock Exchange as Cannabis ETF (NYSE: THCX) ("THCX"). See more from BenzingaClick here for options trades from BenzingaThe Real Value Of Influencers And Content Creation – ClubHouse Media Group Inc.Annovis Bio Presents Novel Treatment For Alzheimer's And Parkinson's Diseases© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Shrimp Tails In Cinnamon Toast Crunch? What You Need To Know (Or Don't Want To Know)

    General Mills Inc.’s (NYSE: GIS) Cinnamon Toast Crunch brand has become the subject of social media ridicule following its exchange with comedian and podcaster Jensen Karp regarding some curious contents within a cereal box. What Happened: On Monday, Karp sent a tweet that read, “Ummmm @CTCSquares - why are there shrimp tails in my cereal? (This is not a bit).” Ummmm @CTCSquares - why are there shrimp tails in my cereal? (This is not a bit) pic.twitter.com/tTjiAdrnVp — Jensen Karp (@JensenKarp) March 22, 2021 The tweet included a photo of a few pieces of the square-shaped Cinnamon Toast Crunch cereal with two elongated pieces of a darker color. He retweeted the photograph, adding the message: “Alright, I’m looping in @GeneralMills because I’m genuinely nervous I will never eat (or sleep) again without answers.” The Cinnamon Toast Crunch Twitter page responded to Karp, stating: “We’re sorry to see what you found! We would like to report this to our quality team and replace the box. Can you please send us a DM to collect more details? Thanks!” Karp, however, responded: “GUYS - I am not sure I’m ready for another box!!!” The diagnosis from the Cinnamon Toast Crunch did not point to shrimp tails. After further investigation with our team that closely examined the image, it appears to be an accumulation of the cinnamon sugar that sometimes can occur when ingredients aren't thoroughly blended. We assure you that there's no possibility of cross contamination with shrimp. — Cinnamon Toast Crunch (@CTCSquares) March 22, 2021 But Karp refused to accept the explanation of badly blended sugar and produced additional photographs in which he claimed a small string was mixed in with the cereal and several cereal pieces had unidentified black spots. He also produced a picture of another unopened cereal bag which he identified as being taped up and containing what might have been a piece of dental floss. What Happened Next: Some Twitter denizens speculated without evidence that the black spots on the cereal could be rodent droppings, and Karp stated he was sending the cereal to the local Poison Control agency for evaluation. Cinnamon Toast Crunch stopped responding to Karp on Twitter, but his skein of tweets received a wave of comments from individuals who claimed to have found unwanted foreign objects in their canned, packaged and bottled foods. A few higher-profile Twitter users also chimed in, with actor/filmmaker Seth Rogan tweeting, “I’d cut my mouth off if I were you” and comic and radio show host Michelle Collins insisting, “This entire thread is the worst thing my eyes have ever read.” Jeremy Karp’s photo of unidentified objects in his Cinnamon Toast Crunch cereal. See more from BenzingaClick here for options trades from BenzingaBiden Nominates Tech Critic Lina Khan As FTC CommissionerAcademy Awards Telecast Without Host, Reportedly Scrambling For Presenters© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • TD to Buy Headlands for Push Into Quantitative Bond Trading

    (Bloomberg) -- Toronto-Dominion Bank agreed to buy Headlands Tech Global Markets LLC, a quantitative fixed-income trading company, to help expand in the municipal and corporate bond markets.Headlands, with 15 employees and offices in Chicago and San Francisco, was founded in 2013 and has proprietary software that offers fully automated market-making services, Toronto-Dominion said in a statement Tuesday. Financial details of the purchase weren’t disclosed, but the bank said it will have a “minimal impact” on capital.“This acquisition further strengthens our electronic bond-trading infrastructure and underscores our commitment to delivering data-driven innovation and growing our global platform,” TD Securities Chief Executive Officer Bob Dorrance said in the statement.Toronto-Dominion said in January it was open to acquisitions that take advantage of the economic downturn, and much of the speculation was that the bank might look to add to its U.S. retail footprint. The bank has about C$12 billion in capital beyond what it would need to maintain the 11% common equity tier 1 ratio that banks generally target, meaning it has capacity for a large acquisition.So far though, the bank has announced only relatively small takeovers this year. In addition to the Headlands deal, Toronto-Dominion in January said it was buying Wells Fargo & Co.’s Canadian direct equipment finance business, which has about C$1.5 billion in assets and 120 employees across the country. Financial terms of that deal weren’t disclosed either.Toronto-Dominion was little changed at C$82.10 at 9:50 a.m. in Toronto. The shares have risen 14% this year, matching the gain for the S&P/TSX Commercial Banks Index.Banks have benefited from a surge in trading volume as the pandemic roiled markets, boosting results in their capital markets divisions. In the fiscal first quarter, Toronto-Dominion reported wholesale-banking revenue of C$1.31 billion, up 25% from a year earlier, on higher trading-related revenue and loan, underwriting and advisory fees.Toronto-Dominion gets a relatively small portion of its revenue from capital-markets activities. The lender generated only about 11% of its fiscal 2020 revenue from wholesale banking, while rival Royal Bank of Canada got 21% of revenue from its capital-markets division.(Updates with share price in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.