Vislink Technologies Bolsa (NASDAQ: VISL)

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Vislink Technologies

Vislink Technologies Inc is a technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the scene of the action to the viewing screen. It provides solutions for the collection of live news, sports, and entertainment events for the broadcast markets. It also furnishes the surveillance and defense markets with real-time video intelligence solutions using various tailored transmission products. The company provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems delivering a broad spectrum of customer solutions.

Vislink Technologies, Inc. - Common Stock

Vislink Technologies Inc

Top Democrats from influential House committees are urging the Drug Enforcement Administration (DEA) to expedite the process of <a href="https://www.benzinga.com/topic/cannabis-rescheduling">rescheduling cannabis.</a>
In a letter sent to Attorney General Merrick Garland and DEA Administrator Anne Milgram, Representatives Jerrold Nadler (D-NY) and Frank Pallone (D-NJ), ranking members of the Judiciary and Energy &amp; Commerce Committees respectively, stressed the need for quick action following a scientific review by the Biden administration.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40938172/no-turning-back-now-cannabis-rescheduling-gains-momentum-expert-offers-timeline">&#8216;No Turning Back Now&#8217;: Cannabis Rescheduling Gains Momentum, Expert Offers Timeline</a>
According to <a href="https://www.marijuanamoment.net/top-congressional-democrats-push-dea-to-swiftly-reschedule-marijuana-and-continue-to-assess-full-legalization/">Marijuana Moment</a>, the lawmakers argue that cannabis has &#8220;less potential for abuse than other drugs&#8221; and serves an &#8220;accepted medical use in treatment.&#8221;
Their comments align with recommendations from the Department of Health and Human Services (HHS) and the Department of Justice, which have called for the reclassification of cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).
&#8220;We value the Department of Justice's steadfast commitment to prevent the misuse and diversion of controlled substances that pose a threat to public health," Nadler and Pallone wrote.
The lawmakers applauded the Biden administration for initiating the review and urged the DEA to &#8220;swiftly complete this process and transfer marijuana to schedule III.&#8221;
<h3 class="wp-block-heading">Push For Full Descheduling</h3>
While the immediate focus is on rescheduling to Schedule III, which would loosen some federal restrictions on cannabis, the legislators also urged federal agencies to explore further reform. 
They said that &#8220;continuing to assess whether schedule IV, schedule V, or descheduling may be appropriate&#8221; could be the next step in aligning cannabis policy with evolving scientific and medical understanding. 
Descheduling, which would remove cannabis from the CSA entirely, remains a key objective for many advocates and lawmakers, including Nadler, who has previously sponsored the MORE Act &#8211; a bill that would result in full legalization.
<h3 class="wp-block-heading">Election-Year Focal Point</h3>
The timing of the lawmakers' push comes as cannabis policy increasingly takes center stage in <a href="https://www.benzinga.com/markets/cannabis/24/09/40785015/harris-campaign-accuses-trump-of-blatant-pandering-and-lying-about-his-cannabis-support-announce">U.S. election politics.</a> Both major parties are positioning themselves on the issue as the 2024 presidential election approaches. 
However, final action on the rescheduling is not expected until after November, with the DEA scheduling an administrative hearing on the matter for December 2. This hearing will allow for further input from experts and stakeholders before the agency potentially finalizes its decision.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/41015020/dea-boosts-psychedelics-production-for-research-cannabis-quotas-hold-steady-ahead-of-reschedulin">DEA Boosts Psychedelics Production For Research, Cannabis Quotas Hold Steady Ahead Of Rescheduling</a></li>
</ul>

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House Democrats Urge DEA To Speed Up Cannabis Rescheduling

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

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Vice President&nbsp;Kamala Harris&nbsp;continues to lead former President&nbsp;Donald Trump&nbsp;in a head-to-head poll of likely voters with less than 50 days to go until the<a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">&nbsp;2024 presidential election.</a>
What Happened: Harris maintains a five-point lead over Trump and continues to<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near"> lead betting odds</a> and prediction markets against the former president with Tuesday's vice president debate a potential catalyst for the 2024 election.
A new Morning Consult poll of likely voters shows Harris' lead at five points for the week. The new <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=100124">poll </a>shows the following results from voters, with the results from the Sept. 24 poll in parentheses:
<ul>
<li>Kamala Harris: 51% (50%)</li>
<li>Donald Trump: 46% (45%)</li>
<li>Someone Else: 2% (2%)</li>
<li>Don't Know: 2% (3%)</li>
</ul>
The poll found that 94% of Democrats backed Harris as their top pick, in line with last week&#8217;s poll. The poll also found 92% of Republicans backed Trump as their top pick, up one percentage point from last week's poll.
Independent voters selected the following as their head-to-head preference, with the results from the <a href="https://www.benzinga.com/general/politics/24/09/41016272/harris-vs-trump-2024-election-poll-shows-good-bad-news-for-each-candidate">Sept. 24 poll</a> in parentheses:
<ul>
<li>Kamala Harris:&nbsp;45% (46%)</li>
<li>Donald Trump: 44% (42%)</li>
<li>Someone Else: 5% (6%)</li>
<li>Don&#8217;t Know:&nbsp;5% (6%)</li>
</ul>
The vice president also has the edge in the 18-34 age voters demographic, leading 53% to 43%. The 10-point lead is down from last week's 12-point lead and a lead of 15-points two weeks ago. &nbsp;
Among Black voters, Harris leads by 77% to 19%.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100124" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Trump showed gains among Black voters, Independent voters and Republican voters on the week, which is potentially bad news for Harris.
The good news for Harris and running mate Tim Walz is that the favorable ratings of the Democratic Party candidates continue to rank ahead of their counterparts.
The latest poll shows Harris with a favorable rating of 52%, down one point from last week's poll and a record high. With an unfavorable rating of 46%, Harris' net favorability is +6 pints, down from last week's record +9 points.
For comparison, Trump has a 44% favorable rating and 54% unfavorable rating, compared to 45% and 53%, respectively, in last week's poll. Trump's net favorability is -10 points, down from last week's -9 points. Trump's net favorability has often been negative during the election cycle.
When it comes to running mates, Harris' vice-presidential pick Minnesota Gov. Tim Walz ranks significantly ahead of Trump's vice-presidential pick Ohio Sen. J.D. Vance in net favorability. Walz has a net favorability of +6 while Vance has a net favorability of -9. The net favorability ratings were +9 and -10 respectively in last week's poll
Walz has a favorable rating of 45% and unfavorable rating of 39%. Vance has a favorable rating of 39% and an unfavorable rating of 48%.
Walz and Vance will<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41107455/walz-vs-vance-vp-debate-betting-odds-what-candidate-is-favored-plus-how-to-watch-likely-to"> face off Tuesday night </a>in a vice president debate that airs at 9 p.m. ET on CBS, a unit of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>).
CBS News begins coverage of the debate at 8 p.m. ET on CBS and affiliate networks. The debate and coverage can also be streamed on Paramount+, CBSNews.com and YouTube. Paramount will allow simulcasting by other networks.
The debate will be 90 minutes in length with two planned four-minute commercial breaks. The candidates are not allowed to interact with their campaign teams during the commercial breaks.
Prediction market Polymarket lists a 73% chance that Walz is the winner of the debate based on YouGov surveys, which could strengthen Harris' lead in coming election polls.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a> Photos: Shutterstock<a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100124"> </a></li>
</ul>

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Harris Vs. Trump: Vice President Leads Former President By 5 Points, Walz Favorability Rating Tops Vance Ahead Of VP Debate

Mark Spitznagel, co-founder of Universa Investments, believes the stock market is in a "Goldilocks phase" following the <a href="https://www.benzinga.com/opinion/24/10/41126981/chinas-stimulus-creates-huge-bullish-option-trades">Federal Reserve's rate cuts and China's stimulus measures.</a> After a crash last month, the market surged to new highs, but Spitznagel warns this euphoria won't last in an<a href="https://www.bloomberg.com/news/articles/2024-09-26/stock-market-s-goldilocks-zone-is-in-danger-of-an-abrupt-end?sref=TBDibEcD"> interview with Bloomberg. </a>He predicts a looming recession and believes the current rally is only temporary.
Spitznagel, known for his focus on "tail-risk" hedging, which protects against extreme, unexpected market events, says the biggest market bubble in history is about to burst. He foresees stagflation in the future, where the Fed will have to act, but it won't be enough to save the economy. Spitznagel has had success hedging through large downturns in the market, utilizing out-of-the-money put options as a way to &#8220;buy insurance&#8221; against market routs. Buying puts on the overall market through the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) or similar broad-exposure ETFs could be a way to protect against market volatility. Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41129967/market-sells-off-over-irans-attack-on-israel-port-strikes-hurricane-helene-national-se">Market Sells Off Over Iran&#8217;s Attack On Israel, Port Strikes, Hurricane Helene: National Security Adviser Calls Attack &#8216;Defeated And Ineffective&#8217;</a>
Spitznagel said that while the market might continue to soar in the short term, it will soon exit the Goldilocks zone, potentially by the end of the year. With the recent &#8220;uninversion&#8221; of the yield curve, Spitznagel feels the market is now in "black swan territory." What Is A Black Swan Event: A black swan event is an unpredictable event that leads to market volatility. The COVID-19 market crash is a recent example of a black swan event. He also criticized traditional investment strategies like diversification, calling them a "big lie." He argues that modern portfolio theory has distracted investors, often making them poorer in the long run. Instead, he urges investors to focus on how their portfolios will perform in both good and bad markets.
According to Spitznagel, the key is to protect against one's own tendencies, not just market movements. Rather than fixating on what the market will do next, investors should think about how they'll react in boom and bust scenarios to avoid emotional mistakes like selling at the low and buying at the high.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale"> • Nike Q1 Earnings: Revenue Miss, EPS Beat, Teams &#8216;Energized&#8217; Amid CEO Transition — &#8216;A Comeback At This Scale Takes Time, But We See Early Wins&#8217;</a>
Photo: Shutterstock

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Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of 'Black Swan Event'

Despite pouring millions into the push for adult-use cannabis legalization, Florida's cannabis market is showing signs of strain.&nbsp;
According to a recent report from <a href="https://www.benzinga.com/topic/beacon-securities-limited">Beacon Securities</a>, financial backing for the legalization campaign has surged, yet dispensary sales have slipped during the third quarter of 2024.&nbsp;
Companies like Trulieve Cannabis Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) and Curaleaf Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) are leading the charge with significant contributions, but the growing number of dispensaries and external factors, such as Hurricane Helene, have raised questions about whether the market's fundamentals justify the hype.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Turbocharged</h3>
The <a href="https://www.benzinga.com/markets/cannabis/24/09/41036799/desantis-provokes-outrage-over-taxpayer-funded-ads-linking-marijuana-legalization-to-car-crashes">Smart &amp; Safe Florida </a>campaign, responsible for spearheading the adult-use legalization efforts, received a significant financial push in September.&nbsp;
According to the report by analysts Doug Cooper, Russell Stanley and Donangelo Volpe, Trulieve Cannabis recently added $9.5 million to its contributions, while Curaleaf contributed $1 million. To date, the campaign has raised over $100 million, with more than $24 million still available. 
<h3 class="wp-block-heading">Diluted Growth</h3>
Per-dispensary sales in <a href="https://www.benzinga.com/markets/cannabis/24/09/41002710/your-cousins-in-florida-like-their-weed-why-hispanic-voters-could-tip-the-scale-for-cannabis-wil">Florida</a> showed signs of softening during Q3, impacted by an increasing number of dispensaries and temporary disruptions like Hurricane Helene.&nbsp;
The state saw a 4% quarter-over-quarter (q/q) rise in dispensaries, with nine companies adding a total of 26 new locations.&nbsp;
According to the report, Trulieve alone accounted for 12 of these openings.&nbsp;
Overall, flower sales volume in the state increased 3% q/q, while oil-based product sales dipped 1%, with both categories showing slower growth compared to the previous quarter.
On a per-dispensary basis, flower sales volumes slipped 1% q/q, while oil-based product sales fell 5%.&nbsp;
These figures likely reflect the increased competition from <a href="https://www.benzinga.com/markets/cannabis/24/09/40990665/cannabis-sales-bloom-in-first-north-carolina-weed-store-marijuana-footprint-in-florida-grows-as-">new dispensaries</a> and effect of storm-related closures.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">Trump Says He&#8217;ll Reschedule Cannabis If Elected, Backs Marijuana Banking Reform And Florida&#8217;s Amendment</a>
<h3 class="wp-block-heading">Top Players See Mixed Results&nbsp;</h3>
Trulieve, the dominant player in <a href="https://www.benzinga.com/markets/cannabis/24/09/40969689/desantis-urges-gop-to-oppose-cannabis-legalization-as-party-splits-over-trump-marijuana-endorsem">Florida</a>, maintained its leadership position despite mixed results in both product categories. Its flower sales increased by 1% q/q, although the company lost 68 basis points (bps) in market share, now standing at 38%. In the oil-based product category, Trulieve&#8217;s sales remained flat, but it gained 50 bps in market share, increasing its lead to 31%.
Curaleaf, the second-largest operator in Florida, reported a strong 11% rise in flower sales volumes, boosting its market share by 79 bps to 10%. However, its oil-based product sales fell 2%, though it retained its second-place ranking with a 13% market share despite a slight loss of share.
Verano Holdings Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>) had flat flower sales following sequential declines in Q1 and Q2, which were attributed to capacity upgrades. The company's market share in flower sales slipped by 19 bps, landing at 7%, keeping its third-place ranking. Verano's oil-based product sales dropped 8%, reducing its share by 68 bps to 9%.
Ayr Wellness Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AYRWF#OTC">AYRWF</a>) experienced strong growth in flower sales, up 12% q/q, which increased its <a href="https://www.benzinga.com/markets/cannabis/24/09/40753011/ayr-wellness-conditional-approval-for-medical-marijuana-operations-in-virginia-what-it-means-for">market share</a> by 51 bps to over 6%, ranking fourth in the state. However, its oil-based product sales declined 7%, dropping its share by 72 bps, though it maintained its third-place position with a 12% market share.
<h3 class="wp-block-heading">Smaller Players </h3>
<ul>
<li>Cresco Labs Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) saw solid growth in both product categories, with flower sales volumes rising 7% q/q, raising its market share by 20 bps to 5%. The company&#8217;s oil-based product sales increased 6%, adding 23 bps in market share, taking it up to 4%.</li>
</ul>
<ul>
<li>Green Thumb Industries Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) posted mixed results, with flower sales declining by 18% q/q, lowering its market share by 45 bps to 2%. However, its oil-based product sales surged by 26%, adding 48 bps to its market share, also reaching 2%.</li>
</ul>
<ul>
<li>Planet 13 Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLNHF#OTC">PLNHF</a>) managed to hold its ground in the oil-based products segment, with market share flat at 2% despite a 2% sales decline. However, the company's flower sales fell 12%, reducing its market share by 47 bps to just under 3%.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40712816/what-trump-learned-about-marijuana-that-desantis-did-not-and-why-the-gop-might-become-weed-frien">What Trump Learned About Marijuana That DeSantis Did Not And Why The GOP Might Become Weed-Friendly</a>
<h3 class="wp-block-heading">Florida's $100M Bet: What's At Stake</h3>
With adult-use cannabis legalization on the horizon through Amendment 3, Florida's market is set to see significant changes. According to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38470560/landing-in-floridas-cannabis-market-legal-adult-use-marijuana-could-yield-874m-in-2">BDSA data</a>, total cannabis sales in Florida are projected to grow at a 12% compound annual growth rate (CAGR) from 2023 to 2028, reaching $4.5 billion by the end of that period.
However, legislative uncertainties surrounding the expansion of adult-use licenses add unpredictability to the market, with over 600 dispensaries already in operation and medical cannabis sales hitting $2.6 billion in 2023.
<h3 class="wp-block-heading">Hype-Worthy?</h3>
Pablo Zuanic&#8216;s analysis paints an optimistic picture for Florida's cannabis market, predicting a $6 billion valuation and significant growth for operators like Cansortium and AYR Wellness<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin"> if adult-use legalization passes in November 2024</a>.&nbsp;
Zuanic forecasts up to 400% growth for AYR and substantial upside for other major players, highlighting the potential market explosion. However, when compared to the recent Beacon Securities report, which shows slipping per-dispensary sales and slowing growth, the question remains whether the market fundamentals can sustain this anticipated boom.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40879364/young-republicans-break-ranks-to-back-cannabis-legalization-is-the-gop-ready-for-a-shift-in-the-">Young Republicans Break Ranks To Back Cannabis Legalization &#8211; Is The GOP Ready For A Shift In The Status Quo?</a>

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Slipping Weed Sales In Florida's Market: Is This $100M Bet Really Worth The Hype?

Marijuana Pepsi Vandyck has spent her life embracing a name that has drawn attention, often unwanted, and most always raising eyebrows.
Marijuana was given the name by her mother who was convinced it would provide notoriety and "take her around the world." What the name did was put her in the position of having to answer a million questions and fend off judgment.
Her parents were of the post-Woodstock era when cannabis was coming into its own across the country. "And they would cool off with a Pepsi," Marijuana's aunt,&nbsp;Mayetta Jackson told the <a href="http://archive.jsonline.com/news/milwaukee/40874017.html/" target="_blank" rel="noreferrer noopener">Journal-Sentinel</a>. "I thought it was crazy, but they were such fun-loving people that it suited them." Marijuana's sisters have relatively common names,&nbsp;Kimberly&nbsp;and&nbsp;Robin.
Despite the challenges, Marijuana Pepsi says she&#8217;s proud of her name and never considered changing it, <a href="https://nypost.com/2024/10/01/lifestyle/woman-named-marijuana-pepsi-from-birth-will-never-change-her-name/">wrote</a> the New York Post. Until she was about 10 years old, she thought &#8220;Marijuana was just a beautiful name.&#8221; But when she moved to a new city, she became keenly aware that her name was different.
<h1 class="wp-block-heading">Got A Nickname? Black Names In White Classrooms</h1>
"When people find out my name, they ask my nickname instead. I tell them if calling me Marijuana isn't comfortable, they can call me Dr. Vandyck." 
Indeed, Marijuana, who married Fredrick Vandyck in 2017, earned a Ph.D. in higher education leadership from Cardinal Stritch University in 2019. Her dissertation topic was "Black Names in White Classrooms: Teacher Behaviors and Student Perceptions," which looked at the effects of unique names on the educational experiences of Black students. 
Her research found that students with distinctly Black names were subject to disrespect, stereotypes and low academic and behavioral expectations. Marijuana said her own name elicited the strongest reactions from white teachers.
&#8220;A lot of other people were thinking [my mom] was smoking marijuana and drinking Pepsi,&#8221; she <a href="https://www.npr.org/2019/06/21/734839666/dr-marijuana-pepsi-wont-change-her-name-to-make-other-people-happy">told</a> NPR, neither of which was the case. &#8220;In the black community, we&#8217;re used to having names that are more cultural.&#8221;
Marijuana works at the Community College of Baltimore County, where she uses her platform to promote positive educational experiences and challenge societal norms around identity and expectations. She is also the founder and executive director of&nbsp;Action As Empowerment&nbsp;Consulting &amp; Solutions, LLC. 
People often assume, again wrongly, that she consumes weed or drinks a lot of Pepsi. In fact, she does neither and never has. 
And when weed companies come calling with offers for promotional opportunities, she declines.
"I do get hit up by marijuana companies, but I wouldn't do anything with them unless it was centered around education,&#8221; Marijuana Pepsi said.
Photo: Courtesy Action As Empowerment

Marijuana Pepsi Has Always Been Proud Of Her Name, More So Now With This Honorific: 'Doctor'

Investment manager fund Chicago Atlantic recently <a href="https://www.businesswire.com/news/home/20241001828224/en/Chicago-Atlantic-and-Silver-Spike-Close-Loan-Portfolio-Acquisition-and-Joint-Venture-Transactions">acquired</a> Silver Spike Investment Corp. (NASDAD: SSIC), the only SEC-approved business development company (BDC) focused on lending to the <a href="https://www.benzinga.com/cannabis">cannabis industry</a>.
As a result, Silver Spike has been renamed Chicago Atlantic BDC, Inc., and its ticker symbol will change to $LIEN on October 2, 2024. Chicago Atlantic originates senior secured loans to state-licensed cannabis operators and has consistently traded at a premium.=
"Chicago Atlantic seeks to capitalize on opportunities in private markets by providing debt capital to lower middle-market companies, typically non-sponsor, and unique industries facing structural reasons for an insufficient supply of capital," said the company&#8217;s new CEO, Andreas Bodmeier.
<h3 class="wp-block-heading">Significant Timing For Cannabis Investors</h3>
The acquisition comes at a critical moment for the cannabis industry, as both <a href="https://www.benzinga.com/markets/cannabis/24/09/40677600/harris-campaign-slams-donald-trump-over-cannabis-shift-calls-it-brazen-flip-flop">presidential candidates </a>are signaling support for marijuana reform, rescheduling of cannabis could boost cash flow in the sector. This shift will likely benefit the company's cannabis-focused lending platform.
"We are excited about the prospects for further growth within our core activity of providing capital to high-quality operators within the cannabis ecosystem,&#8221; said Scott Gordon, executive chairman and co-chief Investment Officer. &#8220;As one of the largest direct lenders to the sector, we see significant potential to continue playing an important role in shaping the flow of much-needed debt financing to the industry."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39320509/hedge-fund-settles-at-2-25m-with-sec-for-exposed-short-seller-deal-2-cannabis-stocks-affected">Hedge Fund Settles At $2.25M With SEC For Exposed Short Seller Deal, 2 Cannabis Stocks Affected</a>
<h3 class="wp-block-heading">Unique Market Opportunity</h3>
The merger also creates a unique opportunity for investors. 
Chicago Atlantic BDC allows access to credit alpha that differs from traditional BDCs or private credit funds. Bodmeier pointed out the value of this position, noting that "the rapidly growing cannabis sector represents a compelling example of an industry where capital is in short supply."
This acquisition and joint venture between Chicago Atlantic and Silver Spike are expected to strengthen the company's role in providing financing solutions to cannabis operators.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40506425/new-sec-filings-reveal-major-risks-in-cannabis-etfs-following-recent-volatility-but-theres-still">New SEC Filings Reveal Risks In Cannabis ETFs Following Recent Volatility — But There&#8217;s Still Room For Optimism </a></li>
</ul>
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SEC-Approved Cannabis Lender Acquired By Investment Giant, Changes Ticker To $LIEN

The Company&rsquo;s board of directors approved such action on August 22, 2024, and the affected employees were informed of this action beginning on October 1, 2024.
The suspension of the Company&rsquo;s operations in China will involve declaring the Company&rsquo;s wholly-owned subsidiary dormant, which is a legal entity status available under current China law. Under this legal entity status, operational activities cease for a time period not to exceed three years.
By pursuing this entity status, the Company will initiate a project to suspend current operational activities, which are estimated to cease on or before December 31, 2024. Suspension activities include disposal and shipment of certain equipment in China, the termination of 2 employees and related benefit costs, and legal entity filing fees.
In connection with this action, the Company estimates that it will incur approximately $400,000 to $500,000 of costs, primarily consisting of employee termination payments, as well as equipment disposal and shipment and legal filing fees. The Company expects that these charges will be incurred primarily in the fourth quarter of 2024.

CLIR

ClearSign Suspends Operations In China Due To Delayed Progress On Commercialization Of Its Products And As Part Of Efforts To Align Strategic Priorities And To Reduce Operating Costs - Filing

Coinciding with this decision, Kate O&rsquo;Brian, President, Scripps News, will be leaving the Company at the end of the year.
Scripps News will no longer broadcast over the air, although it will remain on streaming and digital platforms with weekday live coverage from the field. As a result of these changes, the Company expects to eliminate more than 200 jobs. We expect approximately 50 Scripps News staff members will remain to report for our local news audiences and produce streaming and digital content, all under the Scripps News brand.

E.W. Scripps To Wind Down Scripps News' 24/7 National Network Programming After November 15; To Eliminate More Than 200 Jobs - Filing

Management

SandRidge Energy Names Vincent Intrieri As Chairman, Effective October 1; Jonathan Frates To Step Down As Chairman Today To Transition To The Role Of Executive Vice President And CFO, Effective October 21

Updated Fiscal 2025&nbsp;Outlook
<ul>
<li>Reducing GAAP net income target to&nbsp;$395 million&nbsp;to&nbsp;$445 million, and Diluted EPS target to&nbsp;$2.70&nbsp;to&nbsp;$3.15</li>
<li>Targeting low-end of target ranges of Adjusted EBITDA(1)&nbsp;of&nbsp;$1,380&nbsp;million to&nbsp;$1,480&nbsp;million</li>
<li>Reducing Adjusted Net Income&nbsp;target to&nbsp;$600 million&nbsp;to&nbsp;$615 million&nbsp;and Adjusted Diluted EPS&nbsp;target to&nbsp;$4.15&nbsp;to&nbsp;$4.35</li>
<li>Reducing capital expenditures target by&nbsp;$100 million&nbsp;to&nbsp;$750 million</li>
</ul>

Guidance

Lamb Weston Reaffirms FY25 Net Sales Outlook Of $6.6B - $6.8B (Est $6.615B), Revises Adjusted EPS Target To $4.15 - $4.35 (Est $4.48)

Futu Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) shares continued higher after-hours on Tuesday as shares of China-based companies rose following additional stimulus measures aimed at boosting China's economy were <a href="https://www.benzinga.com/news/24/09/41097864/china-stocks-jump-as-stimulus-optimism-mounts-whats-going-on">announced over the weekend. </a>
The Details: China announced additional stimulus measures including lower mortgage rates and looser real estate purchase restrictions over the weekend. The new measures follow a package of extensive stimulus measures including lower interest rates and additional liquidity for its banking system announced last week. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41071876/mojo-is-back-at-tesla-says-tech-analyst-dan-ives-ahead-of-q3-deliveries">Tesla &#8216;Mojo Is Back,&#8217; Tech Analyst Dan Ives Says Ahead Of Q3 Deliveries</a>
Additionally, China's central bank will set up a swap facility that would give non-bank financial institutions access to at least $71 billion (500 billion yuan) in funding to buy shares, in an effort aimed at stabilizing China's stock market. 
Futu, which operates trading platforms in China and around the world, may benefit from increased capital in the markets resulting from the intensive stimulus package. Futu shares have gained more than 40% over the past five days as investors pile into U.S.-traded Chinese stocks.&nbsp;
FUTU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Futu Holdings shares ended Tuesday&#8217;s session up 12.43% at $107.54; shares are up 0.65% at $108.24 in after-hours trading.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41070564/amazon-prime-day-data-insights-before-october-event-apple-purchases-up-22-celsius-tops-grocery-categ">Amazon Prime Day Data Insights Before October Event: Apple Purchases Up 22%, Celsius Tops Grocery Category</a></li>
</ul>
Photo: Shutterstock

Global

Movers

FUTU

What's Going On With Futu Holdings' Stock?

Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) has outperformed the market over the past 20 years by 3.1% on an annualized basis producing an average annual return of 11.54%. Currently, Gilead Sciences has a market capitalization of $104.43 billion. 
Buying $1000 In GILD: If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $8,831.14 today based on a price of $83.88 for GILD at the time of writing.
<h3>Gilead Sciences's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727818474_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

GILD

$1000 Invested In This Stock 20 Years Ago Would Be Worth $8,800 Today

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 13.29%. Currently, Norfolk Southern has a market capitalization of $56.10 billion. 
Buying $1000 In NSC: If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $12,247.78 today based on a price of $248.14 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727818469_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.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $12,000 Today

Restructuring Plan
<ul>
<li>Restructuring actions expected to generate approximately&nbsp;$55 million&nbsp;of pre-tax cost savings in fiscal 2025 and a&nbsp;$100 million&nbsp;reduction in capital expenditures in fiscal 2025</li>
<li>Key actions include closing Connell, Washington facility, temporarily curtailing production lines and schedules in North America, reducing approximately&nbsp;4%&nbsp;of global workforce, and eliminating unfilled job positions</li>
<li>Expected to record total estimated pre-tax charges of&nbsp;$200 million&nbsp;to&nbsp;$250 million</li>
</ul>

Lamb Weston Plans Reducing Approximately 4% Of Global Workforce, And Eliminating Unfilled Job Positions

Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.71 by 2.82 percent. The company reported quarterly sales of $1.65 billion which beat the analyst consensus estimate of $1.56 billion by 6.34 percent. This is a 0.66 percent decrease over sales of $1.67 billion the same period last year.

Earnings

Earnings Beats

Lamb Weston Q1 2025 Adj EPS $0.73 Beats $0.71 Estimate, Sales $1.65B Beat $1.56B Estimate

ATCH

AtlasClear Files With SEC  A Notification Of Late Filing For Its Transition Report

Diamondback Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares climbed nearly 3% on Tuesday. Here&#8217;s a look at <a href="https://www.benzinga.com/pressreleases/24/10/g41128615/diamondback-energy-inc-announces-revised-third-quarter-production-and-capital-guidance">what&#8217;s going on</a>. 
What To Know: Diamondback Energy shares traded higher Tuesday as energy stocks jumped amid <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">rising Middle East tensions</a>. Iran launched an attack on Israel following the recent killing of Hezbollah leader&nbsp;Hassan Nasrallah. Iran reportedly fired between 100 and 200 missiles towards Israel on Tuesday.
Diamondback Energy may have also gotten a lift after Wells Fargo analyst Roger Read maintained an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> on the stock Tuesday morning. Read lowered Wells Fargo&#8217;s price target from $230 to $219, but the price objective remains well above current levels.
The Wells Fargo update came on the heels of two similar moves from analysts on Monday. Evercore ISI Group maintained an Outperform rating and lowered its price target to $209, and Truist Securities maintained a Buy rating and lowered its price target to $220.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene Devastation: The Latest On Damage, Companies Affected</a>
What Else: After the market close on Tuesday, Diamondback Energy announced the closing of an acquisition and updated its guidance for the third quarter.
Diamondback subsidiary Viper Energy <a href="https://www.benzinga.com/pressreleases/24/10/g41128596/viper-energy-inc-a-subsidiary-of-diamondback-energy-inc-announces-closing-of-acquisition">completed its acquisition</a> of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV.
The acquisition had a total consideration of approximately $459 million in cash, the issuance of approximately 10.1 million OpCo units to Tumbleweed Royalty and an option granted to Tumbleweed to acquire the same number of shares of Viper&#8217;s Class B common stock as the OpCo units.&nbsp;
Diamondback Energy also updated its third-quarter guidance to reflect the Endeavor Energy Resources deal completed on Sept. 10. Diamondback now expects third-quarter oil production of 319 to 321 MBO/d. The company also anticipates capital expenditures of $675 million to $700 million for the third quarter.
Diamondback is scheduled to report <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> on Nov. 4. Analysts expect the company to report earnings of $4.56 per share and revenue of $2.331 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
FANG Price Action: <a href="http://benzinga.com/quote/fang">Diamondback Energy shares</a> closed Tuesday up 2.97% at $177.52, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Joe from Pixabay.

Commodities

FANG

What's Going On With Diamondback Energy Stock?

Vislink Technologies Q1 Earnings Preview

Vislink Technologies GAAP EPS of -$0.39, revenue of $8.59M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Vislink Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/visl-stock-quote/">VISL</a>) just reported results for the first quarter of 2024.<ul><li>Vislink Technologies reported earnings per share of -39 cents.</li><li>The company reported revenue of $8.60 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/visl-stock-earnings-vislink-technologies-for-q1-of-2024/">VISL Stock Earnings: Vislink Technologies Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

VISL Stock Earnings: Vislink Technologies Reported Results for Q1 2024

Vislink Technologies, Inc. (VISL) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> are some of the best investments if you are looking for high-risk, high-reward bets to quintuple your money. That&rsquo;s definitely easier said than done since most penny stocks in the market have loss-making underlying businesses and a lot of dilution.



However, it is still possible if you look at up-and-coming startups in sectors with a lot of tailwinds. These startups could deliver multibagger gains overnight if they land big contracts or deliver market-beating earnings.



In addition, rate cuts are likely very close right now. This would significantly improve the market environment for all penny stocks and help them restart growth.



With that in mind, explore seven overlooked penny stocks that could quintuple your money by 2026.



<h2>Red Cat Holdings (RCAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/drone-war-300x169.png" alt="A drone being used by soldiers."><div>Source: Gorodenkoff / Shutterstock.com</div></div>Red Cat Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcat-stock-quote/">RCAT</a>) manufactures small unmanned aircraft systems (sUAS). I believe this under-the-radar drone stock could take flight and potentially deliver 5X returns by 2026. The company&rsquo;s Q3 results were stellar, outperforming guidance by 16% to achieve record <a href="https://finance.yahoo.com/news/red-cat-holdings-inc-nasdaq-134405410.html" target="_blank">revenues of $5.85 million</a>, up a staggering 88% year-over-year (YOY).



The star of the show is RCAT&rsquo;s Teal 2 drone, which is rapidly gaining traction as the go-to sUAS for the U.S. Department of Defense (DOD), federal agencies and over 10 NATO countries. Teal 2 sets itself apart by its unrivaled nighttime capabilities and open-source architecture. These allow customers to easily integrate their preferred software, similar to downloading apps on an iPhone.



Red Cat Holdings is wisely partnering with top-tier software providers like Teledyne FLIR, Tomahawk Robotics&mdash;now part of AeroVironment (NASDAQ:<a href="https://investorplace.com/stock-quotes/avav-stock-quote/">AVAV</a>)&mdash;and Primordial Labs to offer cutting-edge features like AI, autonomous tracking, voice control and multi-drone &ldquo;swarming.&rdquo; These high-margin software add-ons could boost RCAT&rsquo;s profitability by 20-25%. Analysts covering this stock see huge potential going forward.



<div><a href="https://investorplace.com/wp-content/uploads/2024/07/chart-16.png"><img width="1226" height="455" src="https://investorplace.com/wp-content/uploads/2024/07/chart-16.png" alt="RCAT stock price target"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>It is one of the few publicly traded U.S. small drone manufacturers. Thus, I believe Red Cat is well-positioned to secure big defense contracts as it gains recognition.



<h2>Vislink Technologies (VISL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/video-player-digital-entertainment-300x169.png" alt="An image of a person using a laptop with a video player overlaid"><div>Source: Song_about_summer/Shutterstock</div></div>Vislink Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/visl-stock-quote/">VISL</a>) is a video communications company that serves various sectors. It sells with high-quality live video feeds. For example, VISL can manage live video feeds for sports events. Its growth prospects look promising as demand for its technology surges across the industries it serves.



The stock has rebounded nearly 20% in the last six months. If Vislink Technologies can secure major contracts, particularly in the defense and law enforcement space given the favorable geopolitical landscape, the upside could be tremendous.



Further, Q1 results showed robust <a href="https://www.investing.com/news/stock-market-news/earnings-call-vislink-posts-20-revenue-surge-in-q1-eyes-cash-flow-neutrality-93CH-3442751" target="_blank">20% YOY revenue growth to $8.6 million</a>. This was driven by strong military and government customer adoption of products like AeroLink. Vislink Technologies is smartly pivoting to higher-margin solutions with recent rollouts like Cliq and LiveLink targeting key growth markets. Management expects these new products to approach 70% of total sales this year.



Plus, services and software revenue ticked up to 16% of the mix in Q1. Continued expansion here, especially with Vislink&rsquo;s LINK MATRIX device management platform, could be a major profitability driver. Revenue is <a href="https://seekingalpha.com/symbol/VISL/earnings/estimates">projected to surge 27%</a> this year, and losses are anticipated to narrow by 57%.



<h2>Porch Group (PRCH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/insurance-audit-300x169.jpg" alt='a person holds up a scrap of paper that asks "Are you covered?"'><div>Source: Shutterstock</div></div>Porch Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/prch-stock-quote/">PRCH</a>) provides vertical software and insurance solutions for the home. The company&rsquo;s first-quarter results showed strong execution, with over <a href="https://www.nasdaq.com/articles/porch-group-inc.-prch-reports-q1-loss-tops-revenue-estimates-1" target="_blank">30% revenue growth YOY to $115.44 million</a>, beating estimates by nearly $11 million. I was particularly impressed by the $5 million improvement in adjusted EBITDA.



Despite an early and costly Texas storm season that dented Q1 results by $8 million more than anticipated, management still raised full-year adjusted EBITDA guidance. Plus, the company has much best-in-class gross loss and combined ratios compared to industry peers. The successful April 1 reinsurance renewals will also provide strong a tailwind going forward.



This stock was on its last legs after the late 2021 selloffs that went through all of 2022. However, it did make a short-lived comeback, but it is down again by around 65% from April&rsquo;s peak. I think that the stock is at an undervalued level now and could bounce back much higher in the coming months. Nevertheless, I&rsquo;m more optimistic about its long-term prospects since losses are expected to narrow substantially. And, the company is <a href="https://seekingalpha.com/symbol/PRCH/earnings/estimates">expected to see 13%-plus annual sales growth</a> starting next year. The biggest upside catalyst will be the rate cuts.



<h2>ARC Document Solutions (ARC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/printing-company-300x169.jpg" alt="An image from inside a factory with large white and blue machines lined up next to each other, a silver ceiling with pipes and vents, red and yellow tape on the floor, and more space and pillars to the right of the machines."><div>Source: Shutterstock</div></div>Not all penny stocks have to be loss-making bets. ARC Documents Solutions (NYSE:<a href="https://investorplace.com/stock-quotes/arc-stock-quote/">ARC</a>) is profitable and actually pays a dividend. The dividend yield is currently at 6.71%.



Regardless, the growth is a little bit muted, but plenty of margin expansion is ahead to drive upside. Of course, the printing business doesn&rsquo;t have the best growth runway, but I believe the profitability it has will allow it to diversify more in the long run.







<div><a href="https://investorplace.com/wp-content/uploads/2024/07/chart-17.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/07/chart-17.png" alt="ARCC dividends. overlooked penny stocks"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Already, the company is expanding its addressable markets by targeting new verticals with customized marketing solutions. I believe if it can continue the trend of beating estimates, it can unlock substantial upside. Although it may not be the sexiest business, I still think it is a compelling under-the-radar pick with multibagger potential.



<h2>Clear Channel Outdoor (CCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/shutterstock_539175526-300x169.jpg" alt="an empty billboard on a highway"><div>Source: Shutterstock</div></div>Clear Channel Outdoor (NYSE:<a href="https://investorplace.com/stock-quotes/cco-stock-quote/">CCO</a>) operates an outdoor advertising business. Its stock is a compelling long-term opportunity for investors willing to stomach some near-term volatility.



CCO posted <a href="https://www.marketscreener.com/quote/stock/CLEAR-CHANNEL-OUTDOOR-HOL-59467406/news/Earnings-Flash-CCO-CLEAR-CHANNEL-OUTDOOR-HOLDINGS-Posts-Q1-Revenue-481-8M-vs-Street-Est-of-478-46676980/" target="_blank">revenue of $482 million</a>, a 10.1% increase YOY. This was driven by record Q1 revenue in its America, Airports and Europe-North segments. Clear Channel Outdoor is benefiting from strong tailwinds in the out-of-home advertising market, particularly a surge in U.S. political ad spending ahead of the 2024 presidential election. Brand marketers and political media buyers are turning to billboards and street furniture to cut through the noise. CCO is well-positioned to capitalize on this with its massive nationwide footprint.



What really excites me is Clear Channel&rsquo;s use of first-party data to enable precision-targeted omni-channel campaigns for advertisers. It can sync billboard exposure to mobile device IDs. I believe this should drive strong pricing power in the coming years.



In fact, <a href="http://seekingalpha.com/symbol/CCO/earnings/estimates">analysts expect</a> EPS could easily triple by 2026. A lot of the margin expansion is likely to come from debt servicing costs going down after rate cuts since this company sits on a $7.2 billion debt load.



<div><a href="https://investorplace.com/wp-content/uploads/2024/07/chart-18.png"><img width="1200" height="850" src="https://investorplace.com/wp-content/uploads/2024/07/chart-18.png" alt="How Clear Channel Holdings makes its money - overlooked penny stocks"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Finally, rate cuts bringing down those interest expenses will help earnings massively.



<h2>Urban-Gro (UGRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/aurora-cannabis-stock-7-300x169.jpg" alt="A close-up shot of a marijuana growhouse. cannabis trends"><div>Source: Shutterstock</div></div>Urban-Gro (NASDAQ:<a href="https://investorplace.com/stock-quotes/ugro-stock-quote/">UGRO</a>) is a professional services firm that designs and builds cannabis cultivation facilities. UGRO stock has been one of the most volatile names in recent months. However, I believe it has significant upside potential going forward.



The company reported Q1 2024 <a href="https://markets.businessinsider.com/news/stocks/ugro-stock-earnings-urban-gro-for-q1-of-2024-1033309213" target="_blank">revenue of $15.54 million</a>, down 7.29% YOY but beating estimates by over $400,000. While Urban-Gro is still operating at a loss, those losses have narrowed substantially from $4.73 million in Q4 of 2023 to just $2.14 million this past quarter. At this trajectory, I expect them to reach cash flow neutrality in the near future.



More importantly, Urban-Gro seems poised for explosive top-line growth. Analysts are <a href="https://seekingalpha.com/symbol/UGRO/earnings/estimates" target="_blank">projecting 15% revenue growth this year</a>, which will accelerate to 25% next year and a whopping 43% in 2026. If U.S. cannabis legalization gains traction, as hinted at by the U.S. Drug Enforcement Administration&rsquo;s (DEA) recommendation to reschedule the drug, Urban-Gro&rsquo;s growth could far exceed even these bullish forecasts. With over 1,000 cannabis projects under its belt, no firm is better positioned to capitalize on a legalization boom and the capex spree it would likely unleash.



Trading near trough valuations, UGRO stock looks like a coiled spring ready to catapult higher on any favorable regulatory catalysts. The potential to quintuple or more by 2026 appears very much on the table.



<h2>BARK (BARK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/bark1600-300x169.png" alt="Bark, the parent company of BarkBox, distribution center. BarkBox is a monthly subscription service providing dog products."><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Fifty-eight percent of <a href="https://www.consumeraffairs.com/pets/pets-are-family.html#:~:text=Evidently%2C%20pets%20may%20have%20a,the%20percentage%20jumped%20to%2063%25.">millennials report</a> they would prefer to have pets over human children. I am very bullish on the long-term prospects of pet-related companies. BARK (NYSE:<a href="https://investorplace.com/stock-quotes/bark-stock-quote/">BARK</a>) is a leading provider of personalized dog products and services. The stock has been making a gradual comeback, rising 26% over the past year, despite the fading post-pandemic boom. So, BARK&rsquo;s turnaround story could be just getting started.



While the lack of top-line growth has been a drag, analysts <a href="https://seekingalpha.com/symbol/BARK/earnings/estimates">expect revenue to accelerate</a> to nearly 10% next year and maintain a robust 13% annual growth rate going forward. If BARK can deliver on these projections and achieve profitability as anticipated, this overlooked penny stock may be poised to deliver multibagger returns.



The company&rsquo;s <a href="https://markets.ft.com/data/announce/detail?dockey=600-202406031601BIZWIRE_USPRX____20240603_BW183183-1">gross margins improved</a> by an impressive 600 basis points to 61.6% in fiscal year 2024, driven by enhancements in product quality and safety. In addition, shipping and fulfillment expenses decreased by nearly 300 basis points. This translated to $45 million in savings on approximately $500 million in revenue and adjusted EBITDA, proving by $47 million YOY. Looking ahead, the key will be BARK&rsquo;s ability to sustain this momentum.



On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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Vislink Technologies Q2 Earnings Preview

Here's the major earnings before the open tomorrow

Vislink Technologies gives mixed Q2 results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Vislink Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/visl-stock-quote/">VISL</a>) just reported results for the second quarter of 2024.<ul><li>Vislink Technologies reported earnings per share of -93 cents.</li><li>The company reported revenue of $8.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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VISL Stock Earnings: Vislink Technologies Reported Results for Q2 2024

Vislink announces appointment of Joseph Lipowski as CTO

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Vislink Reports First Quarter 2024 Financial and Operational Results

Vislink Launches New INCAM-GV RF and 5G Transmitters for Latest Grass Valley Cameras

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Vislink Announces Appointment of Donnie Gilliam as Vice President of Operations

Vislink to Report Second Quarter 2024 Financial Results on Wednesday, August 14, 2024, at 8:30 a.m. ET

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