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MicroCloud Hologram

MicroCloud Hologram Inc, through its subsidiaries, is mainly engaged in holographic Technology. It includes Holographic solutions and Holographic technology services. The company also provides holographic digital twin technology services for customers and has built a holographic digital twin technology resource library.

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Will Smith&nbsp;once had to address the allegations made by his wife,&nbsp;Jada Pinkett Smith, that he tends to ask strangers for money. The &#8220;Fresh Prince of Bel-Air&#8221; then narrated his side of the tale during a late-night talk show.
What Happened: In December 2017, Will Smith contradicted his wife&#8217;s version of an event where he supposedly asked a stranger for money. Jada had initially narrated this incident during a May 2017 appearance on &#8220;Jimmy Kimmel Live.&#8221;
Will Smith explained that the incident took place after the launch day of their company, Just Water.
&#8220;So it was the first day, and we're walking down the street in New York, and I see the first pallet coming into the Whole Foods,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40998105/marques-brownlee-reviews-apples-iphone-16-and-launches-new-app-this-is-the-most-unfinished-ive-ever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marques Brownlee Reviews Apple&#8217;s iPhone 16 And Launches New App: &#8216;This Is The Most Unfinished I&#8217;ve Ever Seen A New iPhone Launch&#8217;</a>
However, the couple found themselves without cash to purchase their own product. At that moment, Will Smith proposed asking a passerby for a few dollars.
&#8220;[Jada said] there's no way that we're going to walk up to strangers and ask for money,&#8221; the &#8220;The Pursuit of Happyness&#8221; star recalled, adding, &#8220;And I was like, &#8216;Babe, they would like it. It would be fun for them to say Will and Jada borrowed $2.&#8217; She was like, &#8216;They aren't going to say Will and Jada did nothing.'&#8221;
&#8220;She made us walk four blocks to go and get $2 and then four blocks back to get the water, at which point it was good because I was parched,&#8221; he concluded.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Will Smith Asks Strangers for Money" width="500" height="281" src="https://www.youtube.com/embed/9mwM1VB9qs0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
Why It Matters: Earlier that year, in May, when Jada appeared on the show, Kimmel recalled a story Will Smith had shared. As per the story, Will once found himself at a gas station without his wallet, low on gas, and asked a passerby for $10.
The person was shocked that Will Smith was asking for money but gave it to him nonetheless.
Jada confirmed that this wasn't an isolated incident, explaining that Will frequently pulls similar stunts, especially when she's around.
Kimmel jokingly referred to Will as "the world's most famous panhandler," to which Jada laughed and agreed.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Jada Pinkett Smith Hates When Husband Will Asks People for Money" width="500" height="281" src="https://www.youtube.com/embed/mSGt4zK75v4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Just Water was founded by Jaden Smith, with the help of his parent Will and Jada. The eco-friendly water startup was inspired by Jaden&#8217;s concern for the environment and the impact of plastic waste on the oceans.
In 2019, the company that offers responsibly sourced water from upstate New York, packaged in a bottle made from 82% renewable materials, hit a $100 million <a href="https://www.fastcompany.com/90398045/jaden-smiths-just-water-just-hit-100-million-valuation">valuation</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

News

Jada Smith Once Said Will Smith Hits Up Strangers For Money, But The 'The Fresh Prince Of Bel-Air' Claims Otherwise: 'She Made Us Walk Four Blocks To Go And Get $2' Just To Buy A Bottle Of Water

Kentucky awarded the state&#8217;s first business license under its new<a href="https://www.benzinga.com/markets/cannabis/24/09/40784828/kentuckys-massive-cannabis-licensing-response-5-000-applications-filed-before-deadline"> startup program </a>on Thursday. 
KCA Labs, a hemp-testing facility based in Nicholasville, was selected to ensure that all products are tested before reaching patients, Yahoo Finance <a href="https://ca.finance.yahoo.com/news/kentucky-awards-first-business-license-200326528.html?guccounter=1">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40660012/10-years-ago-alcohol-was-banned-in-kentucky-now-theyre-voting-to-legalize-cannabis">10 Years Ago, Alcohol Was Banned In Kentucky, Now They&#8217;re Voting To Legalize Cannabis</a>
&#8220;I love that the first license is going to an entity that helps us do this safely,&#8221; Governor Andy Beshear (D) said during a press conference in Frankfort. "Our mission is to ensure Kentuckians with serious medical conditions have access to safe and high-quality, tested medical cannabis products. That's exactly what KCA is going to help us do."
<h3 class="wp-block-heading">KCA Labs Leading Safety Compliance</h3>
KCA Labs, which previously specialized in hemp testing, is now set to lead the charge in ensuring product quality for Kentucky's medical marijuana program.
CEO Jonathan Thompson expressed confidence in their readiness: "KCA's vast knowledge and experience with testing hemp products will translate neatly into Kentucky's new medical cannabis program."
Safety compliance facilities, such as KCA Labs, will play a pivotal role in testing every product to ensure they meet strict medical standards before being made available to eligible patients.
While the state will use a lottery system to grant licenses to businesses looking to grow, process or sell medical cannabis, there's no limit on the number of safety compliance licenses.
<h3 class="wp-block-heading">Licensing For Cultivators And Dispensaries</h3>
Kentucky is preparing for its next phase: awarding licenses to cultivators and processors via a lottery system scheduled for Oct. 28. A separate lottery for dispensary licenses is expected to follow in November. This method, according to Beshear, ensures a fair opportunity for applicants who successfully navigate the initial screening process.
The governor explained the reasoning behind this approach. "Caps on those licenses are meant to avoid flooding the market with products and exceeding demand." With nearly 5,000 applications submitted, the lottery system helps regulate supply, ensuring the market remains balanced and sustainable.
<h3 class="wp-block-heading">Overcoming Legislative Hurdles</h3>
Kentucky's medical marijuana program has overcome numerous legislative challenges to get to this point. After years of delays, state lawmakers passed the bill in 2023 to legalize medical cannabis for individuals with severe conditions, including cancer, multiple sclerosis, chronic pain, epilepsy, chronic nausea and post-traumatic stress disorder (PTSD).
In April of this year, Beshear signed follow-up legislation accelerating the licensing timeline by six months, allowing the program to begin awarding licenses in 2024 instead of 2025.
Read Next:
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</ul>

Cannabis

Legal

Kentucky Moves Closer To Medical Cannabis Rollout With First License Awarded To Testing Lab

Today, the U.S. Food and Drug Administration approved Cobenfy (xanomeline and trospium chloride) capsules for oral use for the treatment of schizophrenia in adults. It is the first antipsychotic drug approved to treat schizophrenia that targets cholinergic receptors as opposed to dopamine receptors, which has long been the standard of care.

FDA Earlier Announced Approval Of Bristol-Myers Squibb's Cobenfy With New Mechanism Of Action For Treatment Of Schizophrenia

SEEL

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Starwood Property Trust Prices Private Offering Of $400M Of Its 6.000% Unsecured Senior Notes Due 2030

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SAVA

Cassava Sciences shares are trading lower after the SEC charged the company, two former executives for misleading claims about Alzheimer's clinical trial.

SEC announced Cassava Sciences, Inc., its founder and former CEO, Remi Barbier, and its former Senior Vice President of Neuroscience, Lindsay Burns, will pay more than $40 million to settle charges related to misleading statements made in September 2020 about the results of a Phase 2 clinical trial for the company&rsquo;s purported therapeutic for the treatment of Alzheimer&rsquo;s disease.
Without admitting or denying the allegations, Cassava, Barbier, and Burns consented to civil injunctions against future violations and agreed to pay civil penalties of $40 million, $175,000, and $85,000, respectively. Barbier and Burns agreed to be subject to officer-and-director bars of three and five years, respectively. The settlements are subject to court approval.

SEC Charges Cassava Sciences, Two Former Executives For Misleading Claims About Alzheimer's Clinical Trial; Company To Pay Civil Penalty Of $40M

&nbsp;S&amp;P SmallCap 600 constituent SITE Centers Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) is spinning off Curbline Properties in a transaction expected to be completed on October 1.
Cross Country Healthcare is no longer representative of the small-cap market space.&nbsp;

CCRN

CURBw

SITC

Curbline Properties To Be Added To S&P SmallCap 600 Effective Prior To Open Of Trading On October 1, Replacing Cross Country Healthcare

TMDX

TransMedics Group To Replace Ensign Group In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 1

&nbsp;S&amp;P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.&nbsp;

ENSG

Ensign Group Set To Join S&P MidCap 400, Effective Prior To Opening Of Trading On October 1, Replacing Southwestern Energy

As cannabis consumption becomes increasingly common across the U.S., a federal advisory panel is calling for a major shift in how the government handles <a href="https://www.benzinga.com/markets/cannabis/24/09/41049042/with-70-in-favor-could-nebraskas-cannabis-program-unlock-underserved-markets-local-expert-weighs">marijuana policy. </a>
Moving away from the &#8220;Just Say No&#8221; campaigns of the past, Thursday's report from the National Academies of Sciences, Engineering and Medicine advocates for a public health-focused approach, with the Centers for Disease Control and Prevention (CDC) playing a larger role than ever before, PBS News <a href="https://www.pbs.org/newshour/health/u-s-health-authorities-need-to-play-a-larger-role-in-cannabis-policy-report-says">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41053493/medical-marijuana-is-still-critical-balancing-act-between-recreational-medicinal-markets">&#8216;Medical Marijuana is Still Critical&#8217;: Balancing Act Between Recreational, Medicinal Markets</a>
<h3 class="wp-block-heading">A Health-Centric Shift In Cannabis Policy</h3>
"We'd like the federal government to step up to provide some leadership in this area," said Dr. Steven Teutsch of the University of Southern California, who chaired the committee behind the report. 
The CDC and the National Institutes of Health (NIH) sponsored the findings, which suggest that the rise of stronger cannabis products coupled with higher rates of daily use necessitate a more robust federal response.
A CDC spokesperson confirmed that the agency is reviewing the report&#8217;s recommendations but stressed that additional funding would be needed to implement them effectively.
<h3 class="wp-block-heading">Escalating Cannabis Potency Raises Public Health Concerns</h3>
One of the report&#8217;s key concerns is the increasing potency of marijuana. "Now you go into the stores, it's hard to find products that are less than 20% THC," noted Beau Kilmer, co-director of the RAND Drug Policy Research Center and a member of the report committee. 
This sharp increase from the roughly 5% THC levels seen 25 years ago has raised alarms over the risks associated with heavy cannabis use, including car accidents and <a href="https://www.benzinga.com/markets/cannabis/23/02/30877367/long-term-marijuana-use-can-lead-to-rare-condition-cannabinoid-hyperemesis-syndrome-say-physic-1">cannabis hyperemesis syndrome</a>, a condition that causes severe vomiting and often requires emergency medical care.
For younger users, the risks extend beyond physical health. According to the report, regular cannabis use among teenagers may interfere with learning and increase the likelihood of developing mood and anxiety disorders. Pregnant women who use cannabis regularly also risk complications for their babies.
<h3 class="wp-block-heading">Cannabis Industry Pushback</h3>
Furthermore, the report notes that cannabis industry lobbying has played a significant role in shaping state policies. In states like Washington and Colorado, efforts to limit THC concentrations or restrict the use of pesticides in cultivation have been met with resistance.
However, Aaron Smith, CEO of the National Cannabis Industry Association, defended the regulated market. "States have protected public health by replacing criminal markets with regulated businesses that are required to test products for contaminants, practice truth in labeling, and most importantly, keep cannabis products out of the hands of minors," said Smith. 
Smith added that legalizing cannabis nationally would allow for more comprehensive federal regulations, ultimately improving public health.
<h3 class="wp-block-heading">Key Recommendations From The Report</h3>
The advisory panel outlined several recommendations aimed at improving cannabis-related public health measures:
<ul>
<li>CDC: Develop and evaluate health campaigns specifically aimed at parents, teens, pregnant women, and older adults. Additionally, the agency should monitor cannabis cultivation, sales, and usage trends, while also establishing best practices for state regulations.</li>
<li>Congress: The report calls for closing a loophole that allows intoxicating hemp-derived products to be sold in states where other cannabis products remain illegal. Congress should also lift restrictions that prevent the Office of National Drug Control Policy from studying the effects of cannabis legalization.</li>
<li>States: Recommendations include requiring cannabis retail staff to undergo training and certification, expunging records for low-level cannabis-related offenses, and adopting U.S. Pharmacopeia quality standards for cannabis products.</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/09/41034042/fbi-report-over-200-000-people-were-arrested-for-cannabis-related-violations-in-2023-how-is-that">FBI Report Over 200,000 People Were Arrested For Cannabis-Related Violations In 2023: How Is That Possible?</a></li>
</ul>

Health Care

Markets

Federal Health Agencies Must Take Stronger Role In U.S. Cannabis Policy Shift, New Report Says

Management

TFPM

Triple Flag Precious Metals Appoints Sheldon Vanderkooy As CEO And Director, Succeeding Shaun Usmar Who Departs Effective On September 26, 2024

Michael Garcia, Algoma&#39;s Chief Executive Officer, stated, &quot;Our operations are performing in line with expectations for the fiscal&nbsp;second quarter, despite operating against a backdrop of challenging market conditions for steel demand and pricing.&quot;

Guidance

ASTL

Algoma Steel Expects Q2 Total Steel Shipments Of 510,000 To 520,000 Tons; Says Operations Are Performing In Line With Expectations For The Quarter

BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) reported second-quarter financial results Thursday after the bell. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/09/ac41057250/blackberry-reports-second-quarter-fiscal-year-2025-results">rundown of the report</a>.
Q2 Earnings: BlackBerry reported second-quarter revenue of $145 million, beating analyst <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $141.42 million. The company reported breakeven second-quarter earnings on an adjusted basis, beating analyst estimates for a loss of 3 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
IoT revenue was&nbsp;$55&nbsp;million, up 12% year-over-year.&nbsp;Cybersecurity revenue totaled $87&nbsp;million in the quarter, up 10% year-over-year. Licensing revenue&nbsp;came in at $3&nbsp;million. 
BlackBerry ended the quarter with $265 million in&nbsp;cash, cash equivalents and&nbsp;short-&nbsp;and long-term investments.
&#8220;BlackBerry reached a significant milestone on our path to profitability by recording breakeven adjusted EBITDA and non-GAAP EPS. This result was achieved through a combination of stronger-than-expected, double-digit revenue growth for both IoT and Cybersecurity, as well as tremendous ongoing progress in rationalizing our cost structure. Operating expenses for the quarter were 24% lower than the baseline for the prior year,&#8221; said John Giamatteo, CEO of BlackBerry.
&#8220;QNX delivered strong royalty revenue again this quarter, and there was year-over-year revenue growth for the secure communications products in our Cybersecurity division.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/41016947/crowdstrike-executive-struck-by-regret-in-house-hearing-says-company-determined-to-prevent-instances">CrowdStrike Executive Struck By Regret In House Hearing, Says Company Determined To Prevent Instances Like Microsoft Outage From Repeating: &#8216;Deeply Sorry This Happened&#8217;</a>
What&#8217;s Next: BlackBerry expects third-quarter revenue of $146 million to $154 million. BlackBerry sees third-quarter IoT revenue of $56 million to $60 million, cybersecurity revenue of $86 million to $90 million and licensing and other revenue of approximately $4 million. 
The company also guided for breakeven third-quarter earnings, plus or minus one cent per share.
BlackBerry anticipates full-year revenue of $591 million to $616 million. The company anticipates a full-year adjusted earnings loss of 2 cents to 5 cents per share.
Management will hold a conference call to discuss these results at 5:30 p.m. ET.
BB Price Action: <a href="https://www.benzinga.com/quote/BB" target="_blank" rel="noreferrer noopener">BlackBerry shares</a> were up 0.79% in after-hours, trading at $2.56 at the time of publication Thursday, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Courtesy of BlackBerry.

Earnings

After-Hours Center

Movers

BlackBerry Q2 Earnings: Revenue, EPS Beat Estimates Driven By Strength In IoT, Cybersecurity

AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) has outperformed the market over the past 10 years by 1.46% on an annualized basis producing an average annual return of 12.86%. Currently, AbbVie has a market capitalization of $338.87 billion. 
Buying $1000 In ABBV: If an investor had bought $1000 of ABBV stock 10 years ago, it would be worth $3,322.37 today based on a price of $191.90 for ABBV at the time of writing.
<h3>AbbVie's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727386222_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ABBV

Here's How Much You Would Have Made Owning AbbVie Stock In The Last 10 Years

Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) has outperformed the market over the past 10 years by 31.24% on an annualized basis producing an average annual return of 42.65%. Currently, Fair Isaac has a market capitalization of $47.17 billion. 
Buying $100 In FICO: If an investor had bought $100 of FICO stock 10 years ago, it would be worth $3,491.49 today based on a price of $1923.81 for FICO at the time of writing.
<h3>Fair Isaac's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727386217_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FICO

$100 Invested In Fair Isaac 10 Years Ago Would Be Worth This Much Today

Scotiabank Issues C$1.25B, Five-year Sustainability Notes On September 26

The 1-for-15 ratio is within the range approved by the Company&#39;s stockholders at the Special Meeting of Stockholders held on September 19, 2024.

Stock Split

STRM

Streamline Health Plans To Proceed With 1-For-15 Reverse Stock Split Of Its Outstanding Shares Of Common Stock

MicroCloud Hologram (HOLO) has released an update. MicroCloud Hologram Inc. has announced the successful authorization and planned issuance of up t...

MicroCloud Hologram Advances with Convertible Notes

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MicroCloud Hologram Announces Convertible Note Sale

Shares of MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) plunged by nearly 20% yesterday after the holographic software solutions provider announced a convertib...

MicroCloud Plunges on Convertible Debt Sale

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3 Penny Stocks to Watch Now, 8/22/24

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Brenmiller Energy, Mullen Automotive, and MicroCloud Hologram are the 3 Penny Stocks to watch on September 5, 2024, based on TipRanks' Penny Stock ...

3 Penny Stocks to Watch Now, 9/05/24

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Press Releases

Thinking about buying stock in D-Wave Quantum, MicroCloud Hologram, Roche Holdings, Mega Matrix, or Oriental Culture Holding?

$6,000,000 Share Repurchase Program Announced for Growth Oriented Amusement Park Company with Multiple Sites Operating in China: Golden Heaven (Nasdaq: GDHG)

Thinking about buying stock in MicroCloud Hologram, CleanSpark, Cardiol Therapeutics, Atlasclear Holdings, or EZCORP?

Expansion Into Indonesia with Trading Firm to Open 30-50 Amusement Parks, Plus $6 Million Share Repurchase Program: Nasdaq: GDHG

New Amusement Park Attendance Record Set, Preceding Major Expansion into Indonesia with 30-50 New Park Openings, Plus $6 Million Share Repurchase Plan: Nasdaq: GDHG

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