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NAPC Defense Inc is an armament sales and production company. Its portfolio include Small Arms Weapons, Ammunition, Visual Augmentation, Jamming Equipment, NIJ Certified Body Armor, Cornershot and Zero Click.

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FRES

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

HOOK

Since the first presidential debate, much of the political conversation has been on whether President Joe Biden would step down from the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
The conversation could quickly turn toward former President Donald Trump's campaign with a long-awaited vice president pick coming any day.
What Happened: Betting odds show Trump as <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39651791/kamala-harris-trumps-biden-in-2024-election-odds-leads-her-boss-in-3-of-6-swing-states">the heavy favorite</a> to win the 2024 presidential election.
While many voters may be selecting Trump based on his political affiliation, past history running the country or as their preferred candidate over Biden, other voters may be looking forward to hearing who his vice president pick will be.
"It could happen any time this week," Trump adviser Jason Miller said of the vice president pick, as <a href="https://abcnews.go.com/Politics/trumps-vp-announcement-monday-adviser/story?id=111745435">shared </a>by ABC News.
Miller made the comments Monday during an appearance on Fox &amp; Friends.
"By this time next Monday, we will know who President Trump has selected as his running mate for the 2024 election," Miller said.
The announcement will come as the Republican National Convention kicks off next Monday and was seen as a key date in publicly showing off the new candidate.
Miller would not share specifics on who the battle came down to for vice president, but said that Trump was considering potential running mates other than Marco Rubio, J.D. Vance and Doug Burgum, who are considered by many to be the frontrunners.
Last month, Trump said he had made up his mind on who his running mate would be and was ready to share the news soon.
"Right around the convention, maybe a little before," Trump said while campaigning last month.
Trump's pick is expected to be at a fundraiser next week during the Republican National Committee and make appearances during the key political event.
Several potential names on the shortlist have said they have not been contacted by Trump to be the vice president, including Vance and Rubio.
Candidates who received vetting requests from Trump's campaign previously include Burgum, Rubio, Vance, Tim Scott, Byron Donalds, Elise Stefanik and Ben Carson.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739470/trumps-next-vice-president-doug-burgum-could-go-from-1-republican-voter-support-to-white-h">Trump&#8217;s Next Vice President? Doug Burgum Could Go From 1% Republican Voter Support To White House</a>
Betting Odds Shift: With news that a vice president for Trump could be announced soon, prediction markets remain hot on making wagers on who will be selected.
Calling itself the world's largest prediction market, Polymarket offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more.
On Polymarket, users deposit to Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) and can deposit with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). Winning wagers cash out at $1.
Here are the current betting <a href="https://polymarket.com/event/republican-vp-nominee?tid=1720560363530">odds </a>for Trump's vice president picks as of July 9, with the odds from<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39211388/donald-trump-vets-vice-presidential-candidates-gops-top-contenders-betting-odds"> June and May</a> in parentheses:
Other Man: 38% (17% June, 20% May)
J.D. Vance: 27% (17% June, 13% May)
Marco Rubio: 14% (11% June, 9% May)
Ben Carson: 8% (8% June, 4% May)
Vivek Ramaswamy: 6% (5% June, 1% May)
Tim Scott: 5% (25% June, 19% May)
Other Woman: 4% (6% June, 8% May)
Sarah Huckabee Sanders: 3% (7% June, 2% May)
Elise Stefanik: 2% (5% June, 5% May)
The Other Man category continues to lead the way in the race and includes North Dakota Gov. Doug Burgum and other candidates who weren't listed in the Polymarket initial odds. The prediction market for Trump's vice president has surpassed $66.6 million, up from $31 million last month.
Vance <a href="https://x.com/Polymarket/status/1810336877855076391">surged </a>in the market and on Monday even briefly became the betting favorite at 31%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38780518/potential-trump-vp-contender-jd-vance-ready-to-accept-2024-election-results-as-long-as-they-are-free">Potential Trump VP Contender JD Vance Ready To Accept 2024 Election Results As Long As They Are &#8216;Free And Fair&#8217;</a></li>
</ul>

Photo: Shutterstock

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Trump Vice President Pick Coming 'Any Time': Betting Odds Show New Favorite Emerging

Serial entrepreneur and investor Gary Vaynerchuk (aka Gary Vee) was an early investor in companies like Facebook, Twitter, Tumblr, Snap and Venmo. Vee was also an early investor in Uber, before the company completed a highly anticipated <a href="https://www.benzinga.com/general/education/20/05/15947550/one-year-since-ubers-ipo-a-look-at-the-stocks-bumpy-ride">IPO in May 2019.</a>
What Happened: Ride-share company Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is a leader in the sector that didn't exist decades ago. The company's May 2019 IPO was one of the <a href="https://www.benzinga.com/startups/23/05/32327831/how-ubers-earliest-investors-cashed-in-on-a-1-700-000-gain-on-ipo-day">largest at the time.</a>
Investors who bought into Uber before the company went public could be up on their investment
Vee invested in the company early, but not as early as he wished.
"One of the greatest mistakes of my investing career was passing on investing in Uber in the angel round twice," Vee recently said on his <a href="https://www.facebook.com/story.php?story_fbid=1054326089395092&amp;id=100044531315333&amp;mibextid=oFDknk&amp;rdid=H6bfQ9GE6bOvfvuE">Facebook account.</a>
Vee recalled being in the "room where Uber was invented," but passing on investing in the company early on two different occasions.
The entrepreneur was friends with Uber co-founders Travis Kalanick and Garrett Camp and recalled being in a room with Camp after giving a speech at LeWeb.
"Wouldn't it be cool if on your phone there was an app and you could order a limousine that would pick you up right away," Vee <a href="https://www.facebook.com/watch/?v=279838819637345">recalled </a>Camp said in a backstage room to a few people.
Vee said his first thought was this sounded like a rich person's problem. Months later Vee ran into Camp and was told that the concept had been created and was called Uber Cab.
Uber co-founders Camp and Kalanick hired a CEO and outsourced the building of the company's app while they worked on other projects.
"The biggest reason I didn't invest is because it was a side project."
While Vee didn't invest in the angel rounds, he later invested in Uber before the company went public.
"Part of the reason I invested in the next round was because my brother AJ took the first Uber ride in New York City when the founder of Uber came and asked us to test it."
It was at this moment, Vee learned the importance of what Uber was as a company.
"That was the moment I realized, Uber doesn't sell transportation, Uber sells time."
Vee said Uber provides an app that is seamless and less friction than other transportation methods.
"The number one emerging thing in society in value is time … people value time over everything."
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39076022/veecon-2024-speakers-announced-x-ceo-linda-yaccarino-content-creator-khaby-lame-gary-vee-a">VeeCon 2024 Speakers Announced: X CEO Linda Yaccarino, Content Creator Khaby Lame, Gary Vee Among Special Guests To Appear At Festival That Combines Business, Pop Culture, Web3</a>
 Why It's Important: Uber raised $8.1 billion in their 2019 IPO with shares priced at $45 each.
Vee previously recalled that if he had invested his normal $25,000 to $50,000 angel round check in Uber when he had the early chance, the investment would be worth $500 million to $800 million at the time of the IPO.
Here's a look at how Uber stock has performed since going public, with a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">Benzinga Pro chart.</a>
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="509" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41.png" alt="" class="wp-image-427356" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41-768x394.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
While he missed out on the early fortune from Uber, Vee has had several success stories with early investments and the companies he has founded. Vee has also utilized the missed opportunity as a learning lesson.
"I regret not investing in the company, but I'm also glad the market punched me in the face," Vee said, as shared by <a href="https://www.cnbc.com/2019/06/28/gary-vaynerchuk-i-didnt-invest-in-uber-and-5-other-biggest-millionaires-money-regrets.html">CNBC</a>. "I deserved it — and I'm even more driven now because of it. That's why I grab every opportunity I can."
Vee also <a href="https://garyvaynerchuk.com/uber-airbnb-never-should-have-happened-the-way-they-did/">shared </a>in 2016 that Uber was a company which shouldn't have happened the way it did, but is an important lesson for entrepreneurs and business leaders.
"Everything from calculating your tip to ordering on-demand cars is now at scale — at our fingertips — and the market has taken hold of that notion. When these technological shifts happen, too many businesses get left in the dust because they're too comfortable with their current successes."
At the time, Vee said he wakes up every morning and thinks about how he could put himself out of business, focusing on how other businesses could disrupt his financials.
"By thinking about what they could do, I can do it myself and innovate my business." &nbsp;
Vee said the Uber co-founders put most taxi cabs out of business and Airbnb co-founders Brian Chesky and Joe Gebbia was able to compete with hotel chains like Hilton.
"They innovated where their traditional rivals didn't. They were innovators that saw the white space in the evolving internet marketplace."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/23/04/31758131/gary-vee-warns-ai-and-chatgpt-could-take-jobs-why-he-thinks-thats-okay-and-how-its-similar-to-tracto">Gary Vee Warns AI And ChatGPT Could Take Jobs, Why He Thinks That&#8217;s Okay And How It&#8217;s Similar To Tractors</a></li>
</ul>

Photo: Vaynor Media, public domain

Education

Financing

UBER

Gary Vee Calls Not Investing In Uber Angel Round One Of His 'Greatest Mistakes': 'People Value Time Over Everything'

Guidance

Solaris Expects Q2 Revenue To Be $70M - $75M (Est $62.65M) And Adjusted EBITDA To Be $20M - $21M

Ukrainian President Volodymyr Zelenskyy arrived in Washington, D.C., as the North Atlantic Treaty Organization (NATO) summit got underway with providing long-term support for Ukraine in the<a href="https://www.benzinga.com/news/24/07/39678547/biden-slams-russian-missile-strikes-on-ukraines-largest-childrens-hospital-horrific-reminder-of-russ"> war against Russia </a>topping the agenda.
The Ukrainian leader will seek to shore up and boost allied support for&nbsp;his country, meet with President Joe Biden and deliver a major speech on the sidelines of the summit, CNN <a href="https://www.cnn.com/2024/07/09/politics/zelensky-ukraine-nato-summit/index.html">reported</a>. The U.S. promised "significant" announcements&nbsp;on&nbsp;Ukraine during the three-day global gathering&nbsp;that began Tuesday.
The country will fight for "decisive actions" from the U.S. and Europe at the summit, Zelenskyy said Tuesday in his first remarks since arriving in the U.S. capital.
Zelenskyy said Ukraine will ask for more air defense systems, F-16 jets and additional security guarantees, "including weapons and finances, political support," according to CNN.
Also Read: <a href="https://www.benzinga.com/news/24/06/39458304/man-behind-ukraines-naval-operations-reveals-how-drones-frightened-russian-fleet-in-black-sea-battle">Man Behind Ukraine&#8217;s Naval Operations Reveals How Drones &#8216;Frightened&#8217; Russian Fleet In Black Sea Battle</a>
Zelenskyy arrived in Washington on Monday evening, the same day that Russia released a barrage of missiles on Ukraine that destroyed numerous buildings throughout the country, including Ukraine&#8217;s <a href="https://www.benzinga.com/news/24/07/39673768/russia-rains-missiles-on-ukraine-as-nato-readies-to-discuss-military-aid">largest children&#8217;s hospital</a>, and killed three dozen people.
Ukrainian officials said the timing of Moscow's assault — a day before the start of the summit — was calculated, CNN reported. It was "a hello from Putin to all the NATO countries … making fun of us trying to follow red lines," as Ruslan&nbsp;Stefanchuk, the chair of Ukraine's parliament, said.
They also said the attack underscored the need for continued military support for Ukraine — and the ability to use those weapons to strike targets deep inside Russian territory.
Price Action:&nbsp;U.S. missile manufacturers that have supplied munitions to Ukraine gave mixed reactions on Tuesday.&nbsp;Northrup Grumman Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) declined 1.52% to close at $423.73, while&nbsp;RTX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) ticked up 1.01% to $101.01.&nbsp;Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) slipped 0.32% to $460.30.
Aerospace and defense exchange-traded funds remained relatively flat on Tuesday.&nbsp;iShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) slipped 0.32% to $132.81 and&nbsp;Invesco Aerospace &amp; Defense&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)&nbsp;slipped 0.38% to $102.85.&nbsp;SPDR S&amp;P Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>)&nbsp;declined 0.66% to $140.72.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39322621/biden-zelenskyy-strengthen-ties-with-new-security-agreement-at-g7-summit">Biden, Zelenskyy Strengthen Ties With New Security Agreement At G7 Summit</a></li>
</ul>
Photo: Shutterstock

Global

iShares Dow Jones US Aerospace & Defense Index Fund

Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First

Concurrent with the closing of Mobile Energy Rentalstransaction, Solaris Oilfield Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOI#NYSE">SOI</a>) intends to rename the Company Solaris Energy Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEI#NYSE">SEI</a>).

Solaris Oilfield Infrastructure Intends To Rename Solaris Energy Infrastructure, Inc.

Tigress Financial analyst Ivan Feinseth maintains Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with a Strong Buy and raises the price target from $4285 to $4580.

Price Target

Analyst Ratings

BKNG

Tigress Financial Maintains Strong Buy on Booking Holdings, Raises Price Target to $4580

MER is a premier provider of distributed power solutions serving the energy and commercial &amp; industrial (&quot;C&amp;I&quot;) end-markets.
&nbsp;Transaction consideration includes&nbsp;$60 million&nbsp;of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER&#39;s founders and management team, who will join Solaris post-closing

Solaris Oilfield Infrastructure Agrees To Acquire Mobile Energy Rentals LLC For $200M

UBS analyst Joshua Raskin maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and lowers the price target from $172 to $160.

UBS Maintains Neutral on Westlake, Lowers Price Target to $160

UBS analyst Joshua Spector maintains Tronox Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) with a Neutral and lowers the price target from $19 to $18.

TROX

UBS Maintains Neutral on Tronox Holdings, Lowers Price Target to $18

UBS analyst Damian Karas maintains SiteOne Landscape Supply (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NYSE">SITE</a>) with a Buy and lowers the price target from $190 to $185.

SITE

UBS Maintains Buy on SiteOne Landscape Supply, Lowers Price Target to $185

UBS analyst Joshua Spector maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $385 to $355.

UBS Maintains Buy on Sherwin-Williams, Lowers Price Target to $355

Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) has outperformed the market over the past 5 years by 19.89% on an annualized basis producing an average annual return of 32.96%. Currently, Riot Platforms has a market capitalization of $2.64 billion. 
Buying $100 In RIOT: If an investor had bought $100 of RIOT stock 5 years ago, it would be worth $404.42 today based on a price of $9.15 for RIOT at the time of writing.
<h3>Riot Platforms's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720560632_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.

RIOT

If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) has outperformed the market over the past 15 years by 1.85% on an annualized basis producing an average annual return of 14.49%. Currently, Delta Air Lines has a market capitalization of $30.29 billion. 
Buying $1000 In DAL: If an investor had bought $1000 of DAL stock 15 years ago, it would be worth $7,841.14 today based on a price of $46.94 for DAL at the time of writing.
<h3>Delta Air Lines's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720560627_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.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $7,800 Today

UBS analyst Brennan Hawken maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Buy and lowers the price target from $91 to $90.

SCHW

UBS Maintains Buy on Charles Schwab, Lowers Price Target to $90

UBS analyst Joshua Spector maintains RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) with a Neutral and lowers the price target from $122 to $117.

UBS Maintains Neutral on RPM Intl, Lowers Price Target to $117

UBS analyst Brian Meredith maintains RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) with a Neutral and lowers the price target from $251 to $248.

UBS Maintains Neutral on RenaissanceRe Holdings, Lowers Price Target to $248

UBS analyst Brennan Hawken maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Neutral and lowers the price target from $138 to $135.

UBS Maintains Neutral on Raymond James Finl, Lowers Price Target to $135

ARQT

Trading Halt: Halt status updated at 5:15:00 PM ET: Quotation Resumption: News and Resumption Times

Treasure & Shipwreck Recovery announces agreement for merger and acquisition with Native American Pride Constructors

Beliss (BLIS) has issued an update. In a strategic pivot towards the defense and law enforcement sectors, the Board of Directors of a company has d...

Beliss Rebrands and Expands into Defense Sector with Acquisition

Press Releases

Treasure and Shipwreck Recovery, Inc. (OTC: BLIS) Launches "Monetization Strategy"; Establishes Global Advertising and Media Team

Treasure & Shipwreck Recovery (OTCPK: BLIS) to Begin Long-Planned, Targeted Search of Virgin Shipwrecks Outside State of Florida Waters

High Value Virgin Shipwreck Treasure and Artifacts Beyond State of Florida Waters potentially worth upwards to 1 Billion Dollars: Treasure & Shipwreck Recovery, Inc. (Stock Symbol: BLIS)

Treasure & Shipwreck Recovery (OTCPK: BLIS) receives Treasure Allocation from 2021 and 2022 Seasons

Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Letter of Intent to complete Reverse Merger

Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC)

Contracts

Company Name Change to NAPC Defense, Inc. (OTCPK: BLIS) and Website to NAPCDefense.com among Business Updates

Shares Moving Higher on Firm Name Change Following Merger

Completed Merger Leads to Very High-Value Business in International Military and Defense Products with LOI Already Signed on $370 Million Order for Saudia Arabia: NAPC Defense, Inc. (OTC: BLIS)

NAPC Defense

This was a huge week for the marijuana industry: Canada became the second country in the world to legalize cannabis for recreational uses.

&ldquo;October 17 was set as the first day for recreational sales. Some people in the industry wanted an earlier date, but at least companies can now make plans for a specific date,&rdquo; Debra Borchardt, CEO of Green Market Report told Benzinga.

Other experts&nbsp;<a href="http://www.benzinga.com/government/18/06/11911059/canada-legalizes-recreational-marijuana-nationwide-beginning-oct-17-expert">highlighted the impact of Canada&rsquo;s move on the international realm</a>. Jeff Siegel, managing editor of Green Chip Stocks, singled out a few stocks he believes &ldquo;are going to continue to see a flood of capital coming in&hellip;. much of which was previously flooding into Canada.&rdquo;

&ldquo;The other big news was that Tilray filed for an IPO on the NASDAQ,&rdquo; Borchardt said. &ldquo;The company reported solid financial numbers, and that will make this a sought-after offering among cannabis investors. Tilray will be a &lsquo;controlled company&rsquo; since Privateer Holdings will have the majority voting power.&quot;

In addition, High Times&nbsp;announced its crowdfunding campaign and RegA+ IPO. Investors are now able to purchase shares of the 44-year-old media and entertainment company before its planned Nasdaq stock market listing later this year. This comes after the company announced that it is adding former President of Mexico, Vicente Fox Quesada, to its board.

Related Link: <a href="https://www.benzinga.com/news/18/02/11188995/former-mexican-president-vicente-fox-talks-nafta-trump-and-regulated-marijuana-t">Former Mexican President Vicente Fox Talks NAFTA, Trump And Regulated Marijuana Trade</a>

&ldquo;The company is only weeks away from publicly listing on the Nasdaq, just weeks after organizing America&#39;s first state-sanctioned recreational cannabis event in Sacramento,&rdquo; Fox told Benzinga. &ldquo;This is an enormous opportunity for the general populous to buy into the growing green rush, and they&#39;re just getting started.&rdquo;

See details of the IPO below:

<img alt="" src="/files/u82070/most-trusted-media-brand-1.jpg" style="height:329px; width:600px" />

Source: High Times.

Despite the news, the United States Marijuana Index, which tracks 17 of the largest marijuana stocks in the U.S., lost 3.7 percent this week, while the North American Marijuana Index, which also includes Canadian stocks, tumbled less than 1 percent.

Over the last five trading days, the Horizons Marijuana Life Sciences Index ETF (OTC:<a class="ticker" href="/stock/HMLSF#OTC">HMLSF</a>) (TSE:HMMJ) gained 7.3 percent, while the ETFMG Alternative Harvest ETF (NYSE:<a class="ticker" href="/stock/MJ#NYSE">MJ</a>) rose almost 4 percent &ndash; and started trading ex-dividend. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="/stock/SPY#NYSE">SPY</a>) was down 0.7 percent.

<h3>Stock Moves</h3>

Here are some of the top marijuana stocks in U.S. exchanges and how the performed over the last five trading days:

<ul>
	<li>22nd Century Group Inc (NYSE:<a class="ticker" href="/stock/XXII#NYSE">XXII</a>): up 10.3 percent</li>
	<li>Aphria Inc (OTC:<a class="ticker" href="/stock/APHQF#OTC">APHQF</a>): up 8.2 percent</li>
	<li>Aurora Cannabis Inc (OTC:<a class="ticker" href="/stock/ACBFF#OTC">ACBFF</a>): up 10.45 percent</li>
	<li>Cannabis Sativa Inc (OTC:<a class="ticker" href="/stock/CBDS#OTC">CBDS</a>): up 1 percent</li>
	<li>CannTrust Holdings Inc (OTC:<a class="ticker" href="/stock/CNTTF#OTC">CNTTF</a>): up 7.6 percent</li>
	<li>Canopy Growth Corp (NYSE:<a class="ticker" href="/stock/CGC#NYSE">CGC</a>): up 10.2 percent</li>
	<li>Cronos Group Inc. (NASDAQ:<a class="ticker" href="/stock/CRON#NASDAQ">CRON</a>): up 2.85 percent</li>
	<li>GW Pharmaceuticals PLC- ADR (NASDAQ:<a class="ticker" href="/stock/GWPH#NASDAQ">GWPH</a>): up 3.1 percent</li>
	<li>Hiku Brands Company Ltd (OTC:<a class="ticker" href="/stock/DJACF#OTC">DJACF</a>): up 19.4 percent</li>
	<li>India Globalization Capital, Inc. (NYSE:<a class="ticker" href="/stock/IGC#NYSE">IGC</a>): down 1.6 percent</li>
	<li>iAnthus Capital Holdings Inc (OTC:<a class="ticker" href="/stock/ITHUF#OTC">ITHUF</a>): up 13.15 percent</li>
	<li>MassRoots Inc (OTC:<a class="ticker" href="/stock/MSRT#OTC">MSRT</a>): up 0.1 percent</li>
	<li>MedReleaf Corp (OTC:<a class="ticker" href="/stock/MEDFF#OTC">MEDFF</a>): up 18 percent</li>
	<li>Scotts Miracle-Gro Co (NYSE:<a class="ticker" href="/stock/SMG#NYSE">SMG</a>): down 5 percent</li>
	<li>THC Biomed Intl Ltd (OTC:<a class="ticker" href="/stock/THCBF#OTC">THCBF</a>): up 11.8 percent</li>
	<li>Zynerba Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="/stock/ZYNE#NASDAQ">ZYNE</a>): down 2.7 percent</li>
</ul>

<h3>In Other News</h3>

A consortium of cannabis-related media professionals are conducting a Cannabis Media Survey. You can answer following <a href="http://www.surveymonkey.com/r/CannabisMediaSurvey1">this link</a>.

Cronos Group announced its subsidiary Cronos Australia was granted a medicinal cannabis Manufacture License by the Australian Office of Drug Control. This license allows the company to manufacture cannabinoid-based products in Australia, extracting, refining, concentrating and transforming the cannabis plant.

Tidal Royalty Corporation, a provider of royalty financing to licensed US cannabis operators, announced it will start trading on the Canadian Securities Exchange on June 25, under the ticker CSE: RLTY. In addition, the company completed a C$31.8 million ($23.9 million) equity financing via a private placement of common shares, taking the amount raised&nbsp;to C$40 million ($30.1 million). Tidal&nbsp;Royalty&nbsp;intends to use the net proceeds of the offering for &ldquo;royalty financings and for working capital and general corporate purposes.&rdquo;

&ldquo;Tidal&nbsp;Royalty&nbsp;offers very innovative, non-dilutive finance solutions for the cannabis industry. We have no operational ambitions whatsoever. We just want to be a smart finance company; nothing more than that,&rdquo; chairman and CEO Paul Rosen told Benzinga. Having said this, he added the company will aim for large-scale operators, usually cutting checks of C$10 million ($7.5 million) or more.

FSD Pharma Inc (CSE:<a class="ticker" href="/stock/HUGE#CSE">HUGE</a>) (OTC:<a class="ticker" href="/stock/FSDDF#OTC">FSDDF</a>) announced a partnership agreement with Cannara Biotech Inc. As per the agreement, FSD&rsquo;s fully-owned subsidiary FV Pharma will occupy over 105,000 square feet of indoor grow space from&nbsp;Cannara&rsquo;s 625,000 square-feet facility in Montreal.

Cannabis customer loyalty and <a href="https://www.benzinga.com/markets/emerging-markets/17/08/9873246/meet-springbig-a-leader-in-marijuana-marketing-thats-getting-">marketing platform&nbsp;springbig&nbsp;</a>announced it reached 1 million customers in just 12 months. The Boca Raton-based company partners with dispensaries and prominent POS systems like Cova, Greenbits and Flowhub to encourage repeat business for cannabis retailers with its digital communications tools.

&ldquo;We are excited about our year of explosive growth says,&rdquo; said springbig founder and CEO&nbsp;Jeff Harris.&nbsp;&ldquo;We know we have helped hundreds of retailers increase their ROI through our robust loyalty and digital communications platform and are gratified to reach this million consumer milestone with our dispensary partners.&rdquo;

Medical Marijuana Inc (OTC:<a class="ticker" href="/stock/MJNA#OTC">MJNA</a>) entered an LOI with Salvation Botanicals, a cannabis analytics and production company based in Canada, to create a number of CBD and, for the first time in the company&rsquo;s history, THC products.

&ldquo;We&rsquo;re excited to announce this collaboration and start using the whole cannabis plant to create many current and new products&nbsp;in Canada,&rdquo; said Medical Marijuana, Inc. CEO Stuart Titus. &ldquo;We feel confident that this new market opportunity will help us gain more international brand awareness and expand access to cannabis products significantly.&rdquo;

Online cannabis information platform The Fresh Toast announced Canada&rsquo;s Postmedia Network, Inc. (publisher of The National Post, The Toronto Sun, Ottawa Citizen, Vancouver Sun and Financial Post) named the former an exclusive content partner for its new venture, cannabis content site TheGrowthOp.

&ldquo;The Fresh Toast&rsquo;s demographics reflect more of the population than other cannabis sites, and is built around three established revenue streams providing a win/win/win for readers, investors and the industry.&nbsp;The relationship with Postmedia and its new&nbsp;TheGrowthOp&nbsp;information site is another benchmark in building a strong public media pillar for this quickly expanding market,&rdquo; said JJ McKay, founder and publisher of The Fresh Toast.

BlissCo Cannabis Corp. (CSE:<a class="ticker" href="/stock/BLIS#CSE">BLIS</a>) (OTC:<a class="ticker" href="/stock/HSTRF#OTC">HSTRF</a>) approved the addition of Dr. Bryn Hyndman to its advisory board. BlissCo&rsquo;s cannabis extraction lab with Canada&#39;s first first Midas MIDAS XII Co2 extraction system will ensure that BlissCo safely extracts therapeutic cannabis terpenes along with the whole plant oils, offering a full spectrum of benefits to patients.

Cannabis cultivator Canndescent, received Red Herring&rsquo;s Top 100 North America award. This accolade honors the most promising private technology ventures in North American each year. This is the first time a cannabis company has received, or even been nominated, for this award.

Cannabis retail franchise ONE Cannabis signed five franchise agreements with a Colorado group of investors. They anticipate the first two of these five units will open in the Denver metro area within the next six months.&nbsp;All told, the Denver-based franchisor expects to have 50 Colorado locations within the next 30 months. With more than 500 existing cannabis dispensaries spread throughout the state, CEO Christian Hageseth expects many of the franchise&#39;s newest Colorado units to be with independent marijuana retailers seeking guidance and ongoing support from a trusted industry source, as well as individuals who want to be part of a family of likeminded business owners.

Cannabis-focused media outlet Civilized.life&nbsp;launched a new podcast hosted by seasoned journalist Ricardo Baca.&nbsp;&quot;Cannabis &amp; Main,&quot; the new weekly&nbsp;Civilized show, explores modern mainstream marijuana.

&ldquo;Civilized is a more true reflection of cannabis culture in its entirety and we strongly felt there was no better home for Ricardo Baca&rsquo;s voice and unique insights. There are so many different ways that this plant and this industry can and will affect everyday lives. We wanted to create a series that would engage our audience with topics that matter to them. The title really represents the stories that we will tell; in-depth conversations happening at the intersection of cannabis and mainstream on relevant topics,&rdquo; said Derek Riedle, founder a publisher of Civilized.

Terra Tech Corp (OTC:<a class="ticker" href="/stock/TRTC#OTC">TRTC</a>)&nbsp;announced that, in the last two years, the company has added almost 275 jobs.

&ldquo;[We] anticipate to add another hundred fifty [jobs] over the next 12 months,&rdquo; CEO Derek Peterson told Benzinga. &ldquo;The job creation associated with the Cannabis industry and broader legalization has been significant. Unlike most other industries that can ship certain portions of their jobs overseas, the Cannabis industry is subject to significant regulation that legislates the full manufacturing sale and distribution process to happen within a state&#39;s borders, this creates an environment of significant economic impact and confirms why these jobs and businesses are so economically powerful in their local communities.&rdquo;

Las Vegas dispensary operator The+Source launched Cannabrew by HOPE Nevada, a line of cannabis-infused cold brew coffee. Dan Zarrella, director of marketing for The+Source noted: &ldquo;Cannabis and coffee is a great, lifestyle-enhancing combination. Micro-dosing 5 or 10 milligrams of THC-infused cold brew along with your morning coffee is a clear and focused way to elevate your day.&rdquo;

Foodservice, technology and brand management company Cannabiniers announced the expansion of its alternative beverage portfolio with the world&rsquo;s first line of CannaCrafted non-alcoholic THC and CBD infused craft beer, Two Roots Brewing Co, and a line of THC and CBD infused cold brewed iced coffees and teas, Just Society.&nbsp;

Just last year, Cannabiniers launched the world&#39;s first line of cannabis infused coffee, tea and cocoa delivered through a patented, 100 percent compostable flower-based single-brew pod, <a href="https://www.benzinga.com/news/17/08/9848123/this-compostable-cannabis-infused-coffee-pods-maker-is-all-about-social-impact">BrewBudz</a>. Both Two Roots and Just Society are expected to hit shelves in Nevada in July.

&ldquo;We&rsquo;ve spent more than two years in research and development to offer consumers a product that integrates with their lifestyle,&rdquo; said Kevin Love, director of product development. &ldquo;We relish the opportunity to set a strong precedent for quality and taste as first-to-market in the realm of THC and CBD infused beer, as well as our line of CBD infused teas and coffees. We&rsquo;re at the forefront of normalizing cannabis consumption and are thrilled to have our lines distributed this July.&rdquo;

Find out more about these and other news on Hydropothecary Corp (OTC:<a class="ticker" href="/stock/HYYDF#OTC">HYYDF</a>) (OTC:<a class="ticker" href="/stock/HYYWF#OTC">HYYWF</a>), Innovative Industrial Properties Inc (NYSE:<a class="ticker" href="/stock/IIPR#NYSE">IIPR</a>), MedReleaf Corp (OTC:<a class="ticker" href="/stock/MEDFF#OTC">MEDFF</a>) and Scotts Miracle-Gro with our friends at <a href="https://www.greenmarketreport.com/marijuana-money-june-22-2018/">Marijuana Money</a>:

&nbsp;

<h3>Interesting Data</h3>

Last week, we shared a look into the 10 <a href="https://www.benzinga.com/markets/cryptocurrency/18/06/11889509/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-t">largest Canadian public cannabis companies</a>. This week, it&rsquo;s the U.S.&rsquo; turn. As per New Frontier Data, the top 10 publicly traded U.S. cannabis companies are collectively valued at $8.2 billion. AG Tech is the leading vertical with Scotts Miracle-Gro boasting the largest valuation.

&ldquo;Four of the top 10 are pharmaceutical or biotech companies, reflecting rising investment in R&amp;D of cannabis-derived therapies,&rdquo; the firm noted. &ldquo;The U.S. market is significantly less than the $18.4 billion (CAD $23.9 billion) combined market cap of Canada&rsquo;s top 10 cannabis firms, as illustrated here last week.&quot;

<img alt="" src="/files/u82070/unnamed_0.jpg" style="height:305px; width:600px" />

Cowen Inc. and Headset released their collaborative THC Tracker, a report authored by research analyst Vivien&nbsp;Azer, which analyzes cannabis sales trends across three legal U.S. markets. The report leverages Headset&rsquo;s point-of-sale data in Washington, Colorado and Oregon to glean quantitatively-derived and data-driven insights into the rapidly emerging legal consumer market for cannabis.

&ldquo;We are excited to announce our partnership with&nbsp;Cowen,&rdquo;&nbsp;said Cy Scott, CEO of Headset. &ldquo;Our analytics coupled with their research is helping both operators and investors understand the nuances of the cannabis industry and enabling them to make educated decisions based on deep data and forward thinking analysis.&rdquo;

The report goes into the rise of vapor pens, price deflation in different categories, and the descent of &ldquo;combustibles,&rdquo; or good old joints.

<h3>Events Calendar</h3>

July 25&nbsp;- July 27: NCIA Cannabis Business Summit and Expo&nbsp;in San Jose, California.

July 27 &ndash; July 28: Cannacon Boston.

August 16 &ndash; August 17: Benzinga is hosting its first <a href="https://www.benzingacannabisconference.com">Cannabis Capital Conference</a> in Toronto, Canada.

Picture by <a href="https://www.instagram.com/javierhasse/">Javier Hasse</a>.

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Friday, June 22, 2018