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Fobi Ai (OTC:FOBIF) Stock, Option Chain

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

Cannabis

News

Penny Stocks

Markets

FOBIF

TSXV:FOBI

Fobi AI Inc. (OTCQB: FOBIF) (TSXV:FOBI) a leader in providing digital loyalty and membership solutions, launched digital loyalty and member cards for the highly regulated cannabis industry.

Fobi Launches Digital Loyalty And Member Card Program For Cannabis Retailers

Emerging Markets

Press Releases

DPRO

CSE:DPRO

Webinar on March 1st will discuss how Draganfly’s Vital Intelligence technology is helping Fobi’s new PassPro Wallet pass platform deliver more interoperable and automated access and healthcare solutions

Draganfly Selected To Launch New Access &amp; Healthcare Solutions With Fobi

Fobi Ai Inc

Morgan Stanley analyst David Arcaro maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Underweight and lowers the price target from $74 to $72.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on Edison Intl, Lowers Price Target to $72

Jefferies analyst Johnson Wan initiates coverage on Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Buy rating and announces Price Target of $14.15.

Initiation

CSIQ

Jefferies Initiates Coverage On Canadian Solar with Buy Rating, Announces Price Target of $14.15

TD Cowen analyst Karl Ackerman maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Buy and raises the price target from $145 to $160.

NTAP

TD Cowen Maintains Buy on NetApp, Raises Price Target to $160

Morgan Stanley analyst Stephen Byrd maintains Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) with a Equal-Weight and lowers the price target from $122 to $118.

Morgan Stanley Maintains Equal-Weight on Duke Energy, Lowers Price Target to $118

Trading Ideas

On CNBC, Stephanie Link Announced Bought More Rockwell Automation

ABBV

CSCO

On CNBC, Jim Lebenthal Announced Bought More AbbVie; Bought More Cisco Systems

TD Cowen analyst Oliver Chen maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $95 to $110.

TD Cowen Maintains Buy on BJ's Wholesale Club, Raises Price Target to $110

Morgan Stanley analyst David Arcaro maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and lowers the price target from $131 to $128.

Morgan Stanley Maintains Overweight on DTE Energy, Lowers Price Target to $128

Jefferies analyst Julien Dumoulin-Smith initiates coverage on UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) with a Buy rating and announces Price Target of $28.

Jefferies Initiates Coverage On UGI with Buy Rating, Announces Price Target of $28

Live On CNBC, Kevin Simpson Announces Sold Walmart

Live On CNBC, Stephanie Link Announces Bought More Gap, Inc.

TD Cowen analyst Doug Creutz maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $176 to $211.

TTWO

TD Cowen Maintains Buy on Take-Two Interactive, Raises Price Target to $211

Morgan Stanley analyst David Arcaro maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Overweight and lowers the price target from $323 to $322.

Morgan Stanley Maintains Overweight on Constellation Energy, Lowers Price Target to $322

Morgan Stanley analyst David Arcaro maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Underweight and lowers the price target from $88 to $85.

Morgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $85

TD Cowen analyst Andrew Sherman maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Buy and raises the price target from $70 to $82.

PCOR

TD Cowen Maintains Buy on Procore Technologies, Raises Price Target to $82

Jefferies analyst Brent Thill maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Hold and raises the price target from $70 to $80.

Jefferies Maintains Hold on Procore Technologies, Raises Price Target to $80

On Wednesday, the Department of Justice released its remedy requests aimed at curbing Google&#8217;s search engine dominance. Alphabet, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google responded that the proposed remedies were "staggering." Analysts are sharing their <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">reactions as well. </a>
<ul>
<li>BMO Capital Markets analyst Brian Pitz reiterated an Outperform rating on Alphabet and kept the price target at $217.</li>
<li>JPMorgan analyst Doug Anmuth maintains Alphabet with an Overweight rating and raised the price target to $212.</li>
<li>Goldman Sachs analyst Eric Sheridan maintained a Buy rating and kept the price target at $210.</li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
Pitz described the sweeping remedies proposed by the DOJ as a "kitchen sink moment.&#8221; Pitz noted that the DOJ's proposed remedies extend past Google's search distribution partnerships with Apple and Samsung and included the company's AI search-based investments. 
Anmuth echoed similar sentiments regarding the "very comprehensive" set of remedies proposed by the DOJ. He said parts of the remedies are "more punitive than expected" and listed those around consumer choice limitations and the syndication of search data and ads as examples. 
The DOJ's proposal should represent the worst-case scenario for Google, reminded Anmuth. He expects Google's proposed final remedies to be much more modest.&nbsp;
"Ultimately, we believe the judge's final decision next summer will be more balanced … and will likely have greater consideration around the potential negative impact to users," the JPMorgan analyst wrote.&nbsp;
Sheridan said the firm does not take a view on a potential outcome of the case. He noted, however, that leadership at the US DOJ will change in January with the incoming Trump administration which adds an additional variable to the potential outcomes of the trial. 
The analyst also pointed to recent comments from President-elect Donald Trump expressing skepticism on a potential break-up of Google.&nbsp;
"If you do that, are you going to destroy the company? What you can do without breaking it up is make sure it&#8217;s more fair,&#8221; Trump said in October, per Reuters.&nbsp;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alphabet shares are down 1.55% at $166.62 at the time of publication Friday. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a></li>
</ul>
Image:&nbsp;Simon from Pixabay

Analyst Color

Government

Large Cap

Regulations

Reiteration

Legal

Movers

Tech

GOOG

GOOGL

'Staggering' Google Breakup Proposal From DOJ A 'Kitchen Sink Moment': Alphabet Analyst

Morgan Stanley analyst David Arcaro maintains CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Equal-Weight and lowers the price target from $32 to $31.

Morgan Stanley Maintains Equal-Weight on CenterPoint Energy, Lowers Price Target to $31

"The signs are all pointing in the right direction. Let's just hope the speed picks up," says Josh Schiller, a partner at Boies Schiller Flexner, speaking about the progression of a Massachusetts-based lawsuit that could reshape the cannabis industry. The case challenges the federal government's enforcement of the Controlled Substances Act (CSA) against state-legal cannabis businesses, arguing that the federal approach violates constitutional principles.
At the center of the lawsuit is Justice Clarence Thomas' critique of federal cannabis policy. In 2021, Thomas called the federal government's stance "half in, half out," highlighting its contradictory approach to state-legal cannabis markets. Schiller's team argues that these contradictions undermine the rationale of the Supreme Court's 2005 decision in Gonzales v. Raich, which upheld federal authority under the Commerce Clause.
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<iframe loading="lazy" title="Josh Schiller Breaks Down Landmark Cannabis Lawsuit &amp; Federal Reform Implications &#x7C; Cultivated Live" width="500" height="281" src="https://www.youtube.com/embed/E6Ws42CkS5k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h3 class="wp-block-heading">A New Era Of Legal Challenges</h3>
Filed in Massachusetts, the case seeks to address what Schiller describes as a fundamental shift in federal cannabis policy. In Raich, the federal government successfully argued that a consistent national prohibition was necessary to combat the illicit market. However, Schiller points to subsequent federal actions, such as congressional riders protecting state medical cannabis programs, as evidence that the government has abandoned its eradication strategy.
"Congress has taken steps to move away from the eradication policy," Schiller explains during the interview. He cites examples like the federal allowance of recreational cannabis sales in Washington, D.C., to show that federal priorities have evolved.
The lawsuit also addresses the practical challenges faced by cannabis businesses operating under the shadow of federal prohibition. "The financial consequences imposed by the federal government's continued overhang of illegality has consequences," Schiller says. He highlights issues such as excessive taxation under IRS Code 280E, limited access to banking and loans, and the reliance on cash-based operations due to federal banking restrictions.
<h3 class="wp-block-heading">Stakes For The Industry</h3>
If successful, the lawsuit could remove significant barriers for cannabis businesses, including the tax penalties imposed by 280E. "Everyone in this industry knows the taxation is discriminatory," Schiller notes, referring to how cannabis businesses are taxed on revenue rather than profit.
The case could also open the door to retroactive tax refunds, potentially worth billions, and pave the way for broader financial reforms. Schiller acknowledges that these changes could have transformative effects on the industry, leveling the playing field for businesses operating within state-legal frameworks.
<h3 class="wp-block-heading">What's Next?</h3>
Oral arguments in the U.S. Court of Appeals for the First Circuit are scheduled for December 5, 2024. Schiller explains that the court could either uphold the government's motion to dismiss or allow the case to proceed. If the plaintiffs are unsuccessful, the next step would be petitioning the Supreme Court to hear the case, although Schiller acknowledges that the Court takes on a limited number of cases.
"They're very selective," Schiller says of the Supreme Court. "They hear a very small single-digit percentage of the cases that they take on." However, Schiller believes the case could have appeal for some justices, particularly those like Justice Thomas, who have previously critiqued federal cannabis policy. &#8220;We also believe that Justice Gorsuch, who's a well-known author of federalist principles, would be interested in a case like this,&#8221; he adds.
Schiller emphasizes that a favorable ruling could fundamentally alter how the federal government interacts with state-regulated cannabis markets, potentially setting a precedent for other industries navigating federal-state conflicts.
<h3 class="wp-block-heading">A Pivotal Moment For Federalism</h3>
As the case moves forward, its implications extend beyond cannabis, touching on larger questions of federalism and constitutional authority. Schiller stresses the need for the courts to reassess how federal policies align with state-legal frameworks.
The plaintiffs argue that the federal government's continued criminalization of cannabis businesses operating lawfully under state laws creates unnecessary and discriminatory burdens, from excessive taxation to restricted access to financial services.
Schiller's team views the lawsuit as a step toward bridging the gap between federal actions and the progress made by states in regulating cannabis markets. The outcome could shape the future of cannabis policy in America, offering much-needed clarity for businesses and regulators alike.

Politics

VRNOF

Challenging Cannabis Prohibition: Lawyer Behind Same-Sex Marriage Takes On Federal Policy, Citing Justice Thomas' Critique

TD Cowen analyst John Kernan maintains TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) with a Buy and raises the price target from $130 to $132.

TD Cowen Maintains Buy on TJX Companies, Raises Price Target to $132

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc. has reinforced its partnership with Vancouver Island Brewing by signing a new data lice...

Fobi AI's Data Deal Brews Craft Beer Innovation

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc., a leader in AI-driven digital transformation, has revised its asset purchase agreement...

Fobi AI Fine-Tunes Acquisition Deal with WalletCom

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc. has struck a notable two-year sponsorship deal with Canadian equestrian rider Kassidy K...

Fobi AI Champions Innovation with Equestrian Sponsorship

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc. has partnered with Red Truck Beer Company to provide a cutting-edge analytics dashboard...

Fobi AI Enhances Craft Brewery with Data Insights

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc., a pioneer in AI-driven digital transformation, has appointed MNP LLP as its new audito...

Fobi AI Enhances Financial Oversight with New Auditor

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc. has announced a strategic partnership with Verifiction, aiming to transform data verifi...

Fobi AI Enhances Security with Verifiction Partnership

Fobi Ai Inc (TSE:FOBI) has released an update. Fobi AI Inc. has unveiled an innovative integrated platform for event registration and digital ticke...

Fobi AI Inc Unveils Unified Event Platform

Fobi AI (TSE:FOBI) has released an update. Fobi AI Inc., a Canadian AI technology leader, has been chosen to represent the nation at the Asia Tech ...

Fobi AI Showcases Canadian AI at Asia Tech X

Fobi AI (TSE:FOBI) has released an update. Fobi AI Inc. has successfully conducted its Annual General and Special Meeting of Shareholders, where sh...

Fobi AI Shareholders Approve Key Resolutions

Fobi AI (TSE:FOBI) has released an update. Fobi AI Inc. has addressed its outstanding debt of $209,750 by issuing nearly 3 million shares, alongsid...

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