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Pineapple Express Cannabis Co along with its subsidiaries, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. It is also engaged in legal cannabis retail and owns and manages retail cannabis ventures.

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Pineapple Express Cannabis Company (OTCPK: PNXP) has announced a significant move towards expansion and growth.

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The Insurance Information Institute recently conducted a study which revealed that the percentage of Americans without homeowner's insurance has more than doubled since 2019. Currently, 12% of American homeowners have opted to go without insurance, compared to only 5% in 2019. Rising premiums across some of America's most highly populated states appear to be pricing many homeowners out of the market.&nbsp;
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Not carrying a homeowner's policy is called "going bare" because it leaves homeowners naked against risks like fire, theft, or natural disasters. The latest results from the Insurance Information Institute are not just high compared to five years ago; they are the highest percentage of American homeowners going bare that the Institute has ever recorded.
Mark Friedlander, the Director of Corporate Communications at the Insurance Information Institute, expressed concern about the risk to homeowners in an interview with USA Today, saying, "It is a very concerning trend as catastrophe losses continue to escalate. It is not feasible for most Americans to pay out of pocket for a significant loss to their property."&nbsp;
It's worth noting that many homeowners do not want to go bare. According to S&amp;P Global Market Intelligence data firm, home insurance premiums have increased 11% nationally in the last year. That's an alarming increase, but it doesn't tell the full story.
Trending: Want to invest in homes?<a href="https://www.benzinga.com/money/realbricks"> $10 is enough on this platform</a> that lets you cash out whenever you want.&nbsp;
California, <a href="https://www.benzinga.com/real-estate/24/06/39249112/florida-man-builds-10-foot-wide-tiny-home-to-spite-neighbors-then-lists-it-for-600-000">Florida</a>, and Texas are some of America's most populous states. In the past decade, they have all been beset by natural disasters such as<a href="https://www.benzinga.com/real-estate/24/06/39316404/could-this-developers-hurricane-resistant-housing-save-florida-real-estate"> hurricanes</a>, fires, and mudslides. These natural disasters have combined to do billions of dollars in damages to property. The cost of covering the claims has become so prohibitive that many of America's largest insurance companies have stopped writing policies in states at high risk for natural disasters.
The lack of market competition will drive prices up on its own. However, the increased power and frequency of natural disasters (which many scientists attribute to climate change) also contribute to the premium increases. A recent USA Today article reports that Floridians pay the highest premiums in the country. So many carriers have left the market that state-run carrier Citizens Property Insurance is the largest insurer in the state.
A similar situation exists in California, where the state's public insurance carrier of last resort was getting so many applications that its website intermittently crashed earlier this year. For those who are fortunate enough to get policies, they have a tremendous number of exclusions and high deductibles. This is what is leading so many homeowners to "go bare." They want insurance, but they simply can't find it.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
California homeowner Anjali Tierra's recent experience with home insurance provides a revealing snapshot of the difficulty in obtaining an affordable policy. She told USA Today that she dropped her insurer in 2019 after getting a policy renewal notice increasing her premium from $100/month to $350/month, which she didn't think she could afford on her fixed income. Since then, she has been unable to find an insurer willing to cover her at any price.
Tierra told USA Today, "Every year, usually in the springtime, I will start to do the research again. I will randomly choose an insurance company to see if they&#8217;ll cover me. And since 2019, I&#8217;ve been rejected by every insurance company, large and small." Now, she lives with the risk that a fire could wipe out her most valuable asset and leave her with nothing.
Every fire season, she takes as many precautions as possible to protect her home in the Tehachapi Mountains. She actively keeps brush away from her home and even has trouble installing ember-resistant vents on her roof. Despite that, she sits on pins and needles for every fire season. Tierra knows the risk, but she just can't stop it.
She told USA Today, "This is my <a href="https://www.benzinga.com/money/retire-5mil-nest-egg">nest egg</a>. I do everything I can do to protect my pets and to protect my emotional welfare, but it has been emotionally draining." She's not alone. The scary part about this is that these problems are only beginning. As property values and climate risk rise, so will insurance premiums and the number of homeowners who "go bare."
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Real Estate

Percentage Of Americans Without Homeowners Insurance More Than Doubles In Five Years

Stifel analyst Chris O'Cull maintains First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) with a Hold and lowers the price target from $22 to $18.

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Analyst Ratings

FWRG

Stifel Maintains Hold on First Watch Restaurant Gr, Lowers Price Target to $18

A new report by 10x Research explores the recent Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price surge and its potential connection to former President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39552551/donald-trumps-election-odds-surge-to-64-following-debate-according-to-crypto-bettors">strong position in the 2024 election race.</a>
What Happened: The <a href="https://mail.10xresearch.co/p/bitcoin-trump-pump-sustainable?utm_source=mail.10xresearch.co&amp;utm_medium=newsletter&amp;utm_campaign=is-the-bitcoin-trump-pump-sustainable">report</a>, titled &#8220;Is The Bitcoin Trump Pump Sustainable?&#8221;, highlights a 4% rally in Bitcoin&#8217;s price following news that President Joe Biden will remain in the race despite a <a href="https://www.benzinga.com/news/24/06/39566647/joe-bidens-disastrous-debate-performance-blamed-on-bad-preparation-what-a-bad-decision-to-send-him-o">poor performance</a> in the presidential debate.
This decision, reportedly influenced by <a href="https://www.benzinga.com/news/24/07/39575534/bidens-family-rallies-behind-him-after-disastrous-debate-performance-against-trump">Biden&#8217;s family</a>, comes amid polls suggesting that Biden—or even alternative Democratic candidates like California Governor <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39556388/joe-biden-to-be-replaced-in-2024-election-newsom-tops-democrat-wish-list-betting-odds-but-">Gavin Newsom</a>—would likely lose to Trump in a general election.
Cryptocurrency analyst Markus Thielen notes that Trump, despite being a controversial figure, appears to be the only viable choice for many Americans at present.
The report suggests that Trump&#8217;s popularity and potential return to the White House are viewed positively by cryptocurrency markets, given his crypto-friendly stance.
Seasonally, July tends to be a positive month for Bitcoin, followed by weaker months in August and September. 
This seasonal trend suggests that while Bitcoin could see short-term gains, a <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39580069/why-bitcoin-could-plunge-to-55k-10x-research">drop to $55,000</a> in the coming weeks remains possible.
Traders who bought Bitcoin near $60,000 may see short-term benefits, but medium-term predictions still lean towards lower prices.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38015356/150-000-bitcoin-boom-expected-in-2024-says-hedge-fund-manager-bitcoin-is-the-king-it-is-th"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39580069/why-bitcoin-could-plunge-to-55k-10x-research">Why Bitcoin Could Plunge To $55K: 10x Research</a>
Why It Matters: Technically, Bitcoin&#8217;s 21-day moving average stands at $63,750, which serves as a crucial level for reconsidering the bearish outlook.
The trend model has a moving stop at $68,900, with the $61,500 to $61,800 range being particularly significant for maintaining price levels.
<a href="https://www.benzinga.com/money/how-to-mine-bitcoin">Bitcoin mining</a> companies face additional challenges during the summer months, particularly in Texas, where many operations are based.
High temperatures can lead to grid outages, potentially causing further selling pressure from miners needing to fund their operations as prices approach the $60,000 breakeven mark.
In recent weeks, Bitcoin balances on exchanges have increased by +18,500 BTC, though the 30-day flow remains negative at -12,500 BTC.
This increase in exchange balances typically signals a readiness to sell, explaining the recent +4% weekend rally. It appears that some traders might have pushed prices up to sell more Bitcoin at higher levels.
Money flow indicators do not suggest sustainable liquidity entering the crypto market. 
Notably, Circle&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) has seen significant outflows, indicating a move from crypto back into fiat. Furthermore, discrepancies in <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39592240/what-is-going-on-with-bitcoin-spot-etfs">ETF flow</a> data from Farside and Blackrock have raised questions about the reliability of these metrics.
Despite Trump's lead in the polls being viewed positively for Bitcoin, the report concludes that consolidation is likely ahead. 
Potential <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39577189/will-mt-gox-really-dump-9b-in-bitcoin-on-the-market">Mt. Gox Bitcoin flows this month</a>, combined with sales from entities like the German government, could impact the market. Increased exchange balances and a potential decline in stablecoin growth are critical indicators to watch.
What&#8217;s Next: These dynamics and their implications for the cryptocurrency market will be a central topic at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$USDC

Is The 'Bitcoin Trump Pump' Sustainable? Here's What 10x Research Thinks

<a href="https://www.bloomberg.com/news/articles/2024-07-02/tyson-pulls-back-on-beef-without-antibiotics-after-similar-move-with-chicken?sref=y3YMCJ4e" title="https://www.bloomberg.com/news/articles/2024-07-02/tyson-pulls-back-on-beef-without-antibiotics-after-similar-move-with-chicken?sref=y3YMCJ4e">https://www.bloomberg.com/news/articles/2024-07-02/tyson-pulls-back-on-beef-without-antibiotics-after-similar-move-with-chicken?sref=y3YMCJ4e</a>

Bloomberg Reported Earlier, Tyson Foods  Is Downsizing Its Antibiotic-free Beef Offerings

Keybanc analyst Todd Thomas maintains Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) with a Overweight and raises the price target from $95 to $115.

WELL

Keybanc Maintains Overweight on Welltower, Raises Price Target to $115

Keefe, Bruyette &amp; Woods analyst Bose George maintains Stewart Information Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STC#NYSE">STC</a>) with a Market Perform and lowers the price target from $64 to $61.

Keefe, Bruyette & Woods Maintains Market Perform on Stewart Information Servs, Lowers Price Target to $61

Keybanc analyst Upal Rana maintains Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) with a Overweight and lowers the price target from $45 to $42.

Keybanc Maintains Overweight on Kilroy Realty, Lowers Price Target to $42

Keefe, Bruyette &amp; Woods analyst Bose George maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Market Perform and lowers the price target from $55 to $53.

Keefe, Bruyette & Woods Maintains Market Perform on Fidelity National Finl, Lowers Price Target to $53

Keefe, Bruyette &amp; Woods analyst Bose George maintains First American Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAF#NYSE">FAF</a>) with a Outperform and lowers the price target from $67 to $63.

Keefe, Bruyette & Woods Maintains Outperform on First American Financial, Lowers Price Target to $63

Last week,&nbsp;<a href="https://www.benzinga.com/news/24/07/39569675/palantirs-peter-thiel-says-its-very-strange-that-most-money-in-ai-is-being-made-by-only-one-company">at the Aspen Ideas Festival</a>,&nbsp;Palantir Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder Peter Thiel underscored the pivotal role founders play in the success of their companies while giving the example of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
What Happened: Thiel&#8217;s remarks were part of a broader conversation about his book &#8220;Zero to One.&#8221; When asked about his perspective on the role of founders, especially those with unconventional or extreme personalities, Thiel asserted that many prosperous companies were founded by individuals who viewed their business as a life project.
He further explained that these founders often possess unique visions and are capable of creating something extraordinary over time. Despite their extreme personalities and potential blind spots, Thiel argued that their contribution is &#8220;massively advantageous&#8221; compared to hiring a professional CEO.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/06/39562427/metas-ray-ban-smart-glasses-face-new-rival-powered-by-openais-chatgpt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Ray-Ban Smart Glasses Face New Rival Powered By OpenAI&#8217;s ChatGPT</a>
Thiel used the example of&nbsp;Facebook, <a href="https://www.benzinga.com/general/social-media/23/04/32098803/if-you-invested-1-000-in-facebook-stock-when-it-changed-name-to-meta-platforms-heres-how-muc">now rebranded as Meta</a>,&nbsp;founder Zuckerberg, who rejected a $1 billion acquisition offer from&nbsp;Yahoo in 2006. He pointed out that a professional CEO would have likely accepted the offer, highlighting the unique perspective and dedication founders bring to their companies.
&#8220;If you had a professional CEO, it would have just been &#8216;man I can't believe they're offering us a billion dollars. I'm going to try not to be too eager. We better take the money and run,'&#8221; he said referring to Zuckerberg.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f52e; &#x1f6a8;NEW Peter Thiel interview! Here are ALL of the best clips&#x1f447;&#x1f9f5;<a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a> co-founder Peter Thiel on the importance of Founders and the story of Zuckerberg turning down the $1B Facebook &#8211; Yahoo buyout offer: "If you had a professional CEO, it would have just been ‘man I can't… <a href="https://t.co/AQWFILINmT">pic.twitter.com/AQWFILINmT</a>
&mdash; Jawwwn (@jawwwn_) <a href="https://twitter.com/jawwwn_/status/1806705261551202550?ref_src=twsrc%5Etfw">June 28, 2024</a></blockquote>
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Why It Matters: Thiel was an early backer of Facebook. He invested $500,000 in the company in 2004, which gave him a significant stake. He also served on Facebook&#8217;s board of directors for many years, <a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26300941/billionaire-investors-marc-andreessen-peter-thiel-could-leave-meta-board-over-crypto-invol">stepping down from the board in 2022</a>. 
His latest comments resonate with the historical context of Zuckerberg&#8217;s decision to decline Yahoo&#8217;s $1 billion offer. According to a 2017 Business Insider <a href="https://www.businessinsider.in/tech/inside-mark-zuckerbergs-controversial-decision-to-turn-down-yahoos-1-billion-early-offer-to-buy-facebook/articleshow/58210727.cms">report</a>, Zuckerberg&#8217;s refusal was controversial at the time.
However, his decision has since been vindicated, with Meta boasting a market cap of $1.280 trillion, making it the seventh most valuable company in the world.
Previously, Zuckerberg also discussed his thought process when these deals were offered. In conversation with Dwarkesh Patel, the Meta CEO was asked, &#8220;Did you write down in your head like ‘I think the actual valuation of Facebook at the time is this and they're not actually getting the valuation right?' If they&#8217;d offered you $5 trillion, of course, you would have sold. So how did you think about that choice?&#8221;
Zuckerberg admitted that he wasn't &#8220;sophisticated enough to do that analysis&#8221; at the time. However, he had people presenting arguments both for and against the deals. &#8220;It was very far ahead of where we were at the time. I didn't really have the financial sophistication to really engage with that kind of debate,&#8221; he said.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/07/39568912/apple-iphone-settlement-deadline-extended-users-get-extra-time-to-file-claims-to-get-up-to-349?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple iPhone Settlement Deadline Extended: Users Get Extra Time To File Claims To Get Up To $349</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

PLTR

Palantir's Peter Thiel Highlights Impact Of Founders, Citing Mark Zuckerberg's Example Of Not Selling Facebook To Yahoo For $1B: 'If You Had A Professional CEO…'

WIIM

GILT

Gilat Satellite Networks shares are trading higher after the company's US-based subsidiary, DataPath, announced over $9 million in orders in support of the DoD and other agencies.

WideOpenWest shares are trading lower after Raymond James downgraded the stock from Market Perform to Underperform.

HUMA

Humacyte shares are continuing higher after the company on Monday announced it was granted Regenerative Medicine Advanced Therapy designation by the FDA for patients with advanced peripheral artery disease.

TRAK

ReposiTrak Adds 25 New Produce Suppliers To Its Food Traceability Network

Checkpoint Therapeutics, Inc. (&quot;Checkpoint&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CKPT#NASDAQ">CKPT</a>), a clinical-stage immunotherapy and targeted oncology company, today announced it has completed the resubmission of its Biologics License Application (&quot;BLA&quot;) to the U.S. Food and Drug Administration (&quot;FDA&quot;) for cosibelimab, its anti-programmed death ligand-1 (&quot;PD-L1&quot;) antibody, as a potential new treatment for patients with metastatic or locally advanced cutaneous squamous cell carcinoma (&quot;cSCC&quot;) who are not candidates for curative surgery or curative radiation. 
&nbsp;
The BLA resubmission follows Checkpoint recently reaching alignment with the FDA on its BLA resubmission strategy to potentially address all approvability deficiencies outlined in the complete response letter (&quot;CRL&quot;) received last December, in which FDA only cited findings that arose during a multi-sponsor inspection of Checkpoint&#39;s third-party contract manufacturing organization (&quot;CMO&quot;) as approvability issues to address in a BLA resubmission. The CRL did not state any concerns about the clinical data package, safety, or labeling for the approvability of cosibelimab.
The BLA resubmission is supported by the results of Checkpoint&#39;s studies in selected recurrent or metastatic cancers, including pivotal cohorts in metastatic and locally advanced cSCC. Safety and efficacy results from the metastatic cSCC cohort were published in October 2023 in the&nbsp;Journal for ImmunoTherapy of Cancer (JITC)&nbsp;(doi:10.1136/jitc-2023-007637).
Additionally, in July 2023, Checkpoint announced longer-term data for cosibelimab from its pivotal studies in locally advanced and metastatic cSCC demonstrating a deepening of response over time, resulting in higher complete response rates than previously reported (55%&nbsp;objective response rate;&nbsp;26%&nbsp;complete response rate in locally advanced cSCC and&nbsp;50%&nbsp;objective response rate;&nbsp;13%&nbsp;complete response rate in metastatic cSCC).
Cosibelimab is a potential differentiated, high affinity, fully-human monoclonal antibody of IgG1 subtype that directly binds to PD-L1 and blocks the PD-L1 interaction with the programmed death receptor-1 (&quot;PD-1&quot;) and B7.1 receptors. Cosibelimab&#39;s primary mechanism of action is based on the inhibition of the interaction between PD-L1 and its receptors PD-1 and B7.1, which removes the suppressive effects of PD-L1 on anti-tumor CD8+ T-cells to restore the cytotoxic T-cell response. Cosibelimab is potentially differentiated from the currently marketed PD-1 and PD-L1 antibodies through sustained high tumor target occupancy of PD-L1 to reactivate an antitumor immune response and the additional potential benefit of a functional Fc domain capable of inducing antibody-dependent cell-mediated cytotoxicity (&quot;ADCC&quot;) for potential enhanced efficacy.

Government

Regulations

CKPT

Checkpoint Therapeutics Resubmits BLA for Cosibelimab to FDA for Advanced Skin Cancer Treatment

INCY

Incyte shares are trading lower after BMO Capital downgraded the stock from Market Perform to Underperform and lowered its price target from $52 to $48.

Proceeds from the facility are intended to provide non-dilutive working capital to support the Company&#39;s ongoing global CytoSorb&reg; franchise in critical care and cardiac surgery that generated $32.2 million in trailing 12-month sales as of March 31, 2024, planned marketing applications to U.S. Food and Drug Administration (FDA) and Health Canada for DrugSorb&trade;-ATR and initial launch and commercialization preparations if approved, and refinancing of existing Bridge Bank debt.

Biotech

Health Care

Financing

CTSO

CytoSorbents Entered Into A New $20M Credit Facility With Avenue Capital Group

KRMD

KORU Medical Systems Receives Regulatory Clearance For FreedomEdge Infusion System In Japan

Chinese electric vehicle manufacturer BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) reported a 21% increase in <a target="_blank" href="https://www.benzinga.com/electric-vehicles" rel="noreferrer noopener">electric vehicle sales</a> for the second quarter.
BYD sold 426,039 EVs from April to June, approximately 12,000 units fewer than Tesla, Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) estimated deliveries, reported Reuters.
Tesla is anticipated to announce a 6% decline in second-quarter deliveries, marking the first consecutive quarterly drop as it grapples with fierce competition in China and tepid demand for its older models, the report noted.
BYD had earlier reported a jump in passenger vehicle sales for the month of <a target="_blank" href="https://www.bydglobal.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1638928473079%26ssbinary%3Dtrue" rel="noreferrer noopener">June </a>2024, with a total of 340,211 vehicle deliveries.
Battery electric vehicle sales increased to 145,179 vehicles and that of New energy vehicles (NEV) rose to 341,658 units.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39588835/tesla-q2-deliveries-fund-manager-predicts-4-shortfall-ross-gerber-calls-it-a-low-bu" rel="noreferrer noopener">Tesla Q2 Deliveries: Fund Manager Predicts 4% Shortfall, Ross Gerber Calls It A &#8216;Low But Special Number&#8217;</a>
While Tesla has cut production of its Model Y at its Shanghai plant due to waning demand, BYD has maintained robust growth, the report mentioned.
EV startups like Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) also saw impressive gains, with <a target="_blank" href="https://www.benzinga.com/news/24/07/39574028/whats-going-on-with-chinese-ev-stocks-nio-li-auto-xpeng-on-monday" rel="noreferrer noopener">NIO&#8217;s Q2 deliveries</a> more than doubling to over 57,300 units.
Price reductions and a shift towards electric and hybrid vehicles have bolstered sales for Chinese EV manufacturers.
In May, new energy vehicles comprised 46.7% of total car sales in China, setting a new monthly record, according to the China Passenger Car Association (CPCA).
Price Action: BYDDY shares closed higher by 1.12% at $59.74 on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/06/39477448/byd-launches-third-ev-model-in-toyota-homeground-priced-aggressively-to-compete-against-popular-rav4" target="_blank" rel="noreferrer noopener">BYD Launches Third EV Model In Toyota Homeground, Priced Aggressively To Compete Against Popular RAV4 PHEV</a></li>
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Equities

Media

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Lavie Bio Ltd., a leading ag-biologicals company and a subsidiary of Evogene Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) (TASE: EVGN), is pleased to announce the commercial expansion of its bio-inoculant product, Yalos&trade;, to winter wheat, following successful trials. This expansion effectively doubles the potential market for Yalos&trade; compared to markets in which&nbsp;Lavie Bio&nbsp;already operates. Winter wheat growers across the US will have access to Yalos&trade; for the upcoming 2024-2025 season.
<img alt="Evogene" src="https://mma.prnewswire.com/media/1947468/Evogene.jpg" />
Winter wheat is one of the crucial crops in&nbsp;North America&nbsp;and globally, significantly contributing to the agricultural economy and food supply. The US is expected to produce about 1.28 billion bushels in 2024[1], with a market value, according to&nbsp;Lavie Bio&#39;s&nbsp;estimation, between&nbsp;$5-$10 billion&nbsp;annually. Introducing Yalos&trade; to this market offers substantial potential to capture market share by enhancing crop productivity and sustainability. To date,&nbsp;Lavie Bio&nbsp;has focused on the spring wheat market, along with durum and barley, which together form a smaller market compared to winter wheat.
During the successful field trials, Yalos&trade; has demonstrated enhanced early vigor, biomass, root and shoot development, nutrient availability, and feed quality in winter wheat. Yalos&trade; aims to reduce crop abandonment rates and increase farm productivity through advanced biological technologies.
In addition,&nbsp;Lavie Bio&nbsp;is expecting to expand Yalos&trade; into other key crops, such as soybean and canola, with ongoing field trials in&nbsp;North America&nbsp;and an expected commercial launch in 2025. The US soybean market size is estimated by&nbsp;Lavie Bio&nbsp;at approximately&nbsp;$56.2&nbsp;billion in 2024.

EVGN

Lavie Bio Expands Yalos Bio-Inoculant to Winter Wheat Market, Doubling Potential Reach

Press Releases

Minaro Corp. (MNAO) Completes Rebranding to Pineapple Express Cannabis Company (PNXP)

Pineapple Express Cannabis Company Launches 506(c) Common Stock Offering for Development Capital

Pineapple Express Cannabis Company Launches Dispensary on the Hollywood Walk of Fame

Pineapple Express Cannabis Company to Launch 9 Additional Dispensaries in Metro Los Angeles to Accompany Pineapple Express Hollywood Flagship

Pineapple Express Hollywood Dispensary Celebrates its 2-Year Anniversary Amidst Growing Pains

Pineapple Express Cannabis Company Executes Substantial Revenue Generating Contract Regarding Multiple Cannabis Dispensaries

PNPL

Pineapple Express

<h3>Underground Legacy Operator NJWeedman Goes Legit, Gets Green Light To Open Legal Cannabis Dispensary</h3>

The Trenton City Council has approved <a href="https://www.benzinga.com/topic/ed-forchion">Ed Forchion</a> - a notorious figure in the underground legacy who goes by the nickname NJWeedman - to open a legal New Jersey <a href="https://www.benzinga.com/cannabis">cannabis</a> dispensary, reported Heady NJ.

The marijuana activist pushed to convert his NJWeedman&rsquo;s Joint across the street from Trenton City Hall into a legal dispensary under the name NJWeedman&rsquo;s.

&ldquo;This is a long time coming,&rdquo; NJWeedman said to the council, explaining he has a conditional New Jersey cannabis dispensary license from the NJ Cannabis Regulatory Commission (NJ-CRC). &ldquo;This month, 26 years ago, was my first felony arrest for selling marijuana. Here I am asking the city council to approve my resolution to, among other things, sell marijuana legally.&rdquo;

<h3>New Jersey Retail Cannabis Footprint Grows</h3>

Meanwhile, the Garden Greenz Dispensary opened on the downtown Newark Avenue Pedestrian Plaza in Jersey City on Halloween.

Jersey City Diversity and Inclusion Director Dr. Floyd Jeter praised the opening of the new store.

&ldquo;I am a big supporter of this because a lot of people who were marginalized in the Black and Brown communities can actually get a chance now to actually be viable now to also change their social status,&rdquo; he explained. &ldquo;That opportunity works out when they&rsquo;re passionate about it. You&rsquo;re going to get better workers. You get somebody who believes it and likes it.&rdquo;

In Hoboken, the first medical cannabis dispensary, Terrapin Care Station, launched sales on Friday, Oct. 27. Located in the heart of Hoboken at 86 River and a mere .2 miles from the PATH train, this opening of The Station will benefit nearly 1,000 medical patients in the area with its 5,000-square-foot dispensary and create 45 jobs. The Station is the 14th dispensary in the Garden State to open exclusively to patients.

<h3>Meet &amp; Greet With Vic Mensa At&nbsp;Illinois Weed Store</h3>

On Friday, Stash Dispensaries announced an exclusive meet and greet event with Chicago&#39;s very own, Vic Mensa, on the Sesh Bus at the company&rsquo;s Orland Hills, Illinois location at 9545 167TH ST.

The special event is scheduled for Tuesday, Nov. 14&nbsp;when fans and cannabis enthusiasts will have the opportunity to engage with the multi-talented artist and entrepreneur as well as to explore and try products from his cannabis brand, 93 Boyz.

In celebration of this event, Stash Dispensaries is offering a 25% discount on all 93 Boyz products for the day of the event.

See also: <a href="https://www.benzinga.com/markets/cannabis/22/09/28993820/rapper-vic-mensa-is-building-a-community-with-his-black-owned-cannabis-brand-which-focuses-on-re">Chicago Rapper Vic Mensa Seeks To Build Community With Black-Owned Cannabis Brand That Gives Back</a>

<h3>Four New Weed Stores In California And Ohio</h3>

California

Pineapple Express Cannabis Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PNXP#OTC">PNXP</a>) opened doors at its flagship dispensary location at the famed corner of Hollywood &amp; Vine on the Hollywood Walk of Fame.

The Company confirmed the exact location for Pineapple Express Hollywood as 1708 Vine Street, Hollywood, California.

Ohio

AYR Wellness Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/AYR#CSE">AYR</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AYRWF#OTCQX">AYRWF</a>) announced two new Ohio retail locations in Woodmere and Goshen&nbsp;just ahead of the election and two hot issues on the Nov. 7 ballot &ndash; a <a href="https://www.benzinga.com/markets/cannabis/23/10/35491197/governor-dewine-takes-aim-at-cannabis-initiative-ahead-of-ohios-nov-7-legalization-vote">cannabis legalization measure and an abortion rights amendment.</a>

The Woodmere store, located in a Cleveland suburb at 27900 Chagrin Blvd, kicked off medical cannabis sales on Monday, and the Goshen store in a suburb of Cincinnati, at 6722 State Route 13 is expected to open later this week.

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Photo: Courtesy of <a href="https://unsplash.com/@budding?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Budding .</a> on <a href="https://unsplash.com/photos/person-holding-grey-tongs-and-kush-h3PWUqxpP_0?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>

Legacy Operator NJWeedman Goes Legit, Meet & Greet With Vic Mensa In IL & More New Cannabis Stores

Pineapple Express Cannabis Company (OTCPK: <a href="https://www.benzinga.com/quote/PNXP/analyst-ratings">PNXP</a>) has announced a significant move towards expansion and growth.

The LA-based publicly-traded&nbsp;<a href="https://www.benzinga.com/cannabis">cannabis</a>&nbsp;company will be&nbsp;offering up to 5 million shares of its common stock, priced at $1 per share, with a total aggregate amount of $5 million. These shares are exclusively available to accredited investors in compliance with Regulation D, Rule 506(c) under the Securities Act of 1933, enabling general solicitation.

See Also:&nbsp;<a href="https://www.benzinga.com/money/marijuana-stocks">How to Invest in Cannabis Stocks</a>

It&#39;s important to note that these shares are not registered under the Securities Act and can only be sold in the United States if they meet specific exemptions. The shares will be considered restricted securities under Rule 144 of the Securities Act. The company cannot sell them in states where it&#39;s prohibited&nbsp;and purchasers will also be subject to a resale restriction of at least 6 months.

<h4>Expanding Its Reach In California</h4>

This offering aims to raise capital for the company&#39;s strategic plan of launching 10 fully licensed retail cannabis dispensaries in the metro Los Angeles area&nbsp;along with financing general corporate operations.

See Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35320553/unlocking-success-in-californias-cannabis-industry-a-chat-with-green-horizons-carlos-arias">Unlocking Success In California&#39;s Cannabis Industry: A Chat With Green Horizons&#39; Carlos Arias</a>

The company&#39;s chairman and CEO, Matthew Feinstein&nbsp;expressed confidence in the growth prospects.&nbsp;&quot;We have a tremendous footprint of legal and licensed cannabis retail locations that are already leased and are undergoing interior renovations to commence operations.&quot;

This&nbsp;<a href="https://www.benzinga.com/pressreleases/23/10/g35496222/pineapple-express-cannabis-company-launches-506-c-common-stock-offering-for-development-capital">press release</a> does not constitute an offer to buy or sell shares or any other securities. No solicitation or sale will occur in jurisdictions where it&#39;s illegal. Any potential offers will be conducted through a private offering memorandum or another formal agreement between the company and investors, adhering to Rule 135c under the Securities Act.

Read Next:&nbsp;<a href="https://www.benzinga.com/pressreleases/23/09/n34315859/with-increasing-legal-acceptance-global-cannabis-market-projected-to-reach-51-billion-in-2023">With Increasing Legal Acceptance Global Cannabis Market Projected To Reach $51 Billion In 2023</a>

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&nbsp;

Image by Benzinga

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Pineapple Express

News

Latest news for Pineapple Express (OTC:PNXP) Stock

Monday, November 06, 2023

Monday, October 30, 2023