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SMITHSON INVESTMENT TRUST by Smithson Investment Trust PLC. (OTC:STINF) Stock, Option Chain

SMITHSON INVESTMENT TRUST by Smithson Investment Trust PLC.

News

Management

NODK

NI Holdings Appointed Seth Daggett As CEO, Appointed Matt Maki As Interim CFO, Both Effective Dec 1, 2024

CARA

Cara Therapeutics Receives Nasdaq Non-Compliance Notice Over Minimum Stockholders' Equity Requirement

Guidance

Quantum-Si Expects That It Will Recognize One-Time Cash Charges Related To Severance And Other Benefits Of ~$2.3M In 2024 And Another $300K In The H1 2025; Expects To Recognize Non-Cash Expense Over The Remainder Of 2024 In The Amount Of ~$200K Related To Stock Option Modifications

Quantum-Si Announces 23% Workforce Reduction As Part Of Restructuring Plan, Expects $2.6M In Severance And Related Costs Through Mid-2025

Organogenesis Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGO#NASDAQ">ORGO</a>), a leading regenerative medicine company focused on the development, manufacture, and commercialization of product solutions for the Advanced Wound Care and Surgical and Sports Medicine markets, announced plans to expand manufacturing capacity with a long-term lease for a 122,000-square foot state-of-the-art biomanufacturing facility located at 100 Technology Way in Smithfield, Rhode Island.

ORGO

Organogenesis Announces Plans To Expand Manufacturing Capacity With A Long-Term Lease A Biomanufacturing Facility Located At 100 Technology Way In Smithfield, Rhode Island

BBIO

Trading Halt: Halted at 4:08:53 p.m. ET - Trading Halt: Halt News Pending

Contracts

JZXN

Jiuzi Holdings And Shenzhen Maigesong Announced They Have Terminated Acquisition Negotiations To Focus On Future Growth

Initial meeting adjourned due to insufficient votes to reach the 50% threshold of outstanding common shares voting in favor of Proposal One and Proposal Two
Stockholders who have not voted are strongly encouraged to vote FOR Proposal One and Proposal Two
NovaBay&#xAE; Pharmaceuticals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBY#NYSE">NBY</a>) ("NovaBay" or the "Company") announces that its Special Meeting of Stockholders held on November 22, 2024 has been adjourned until December 18, 2024 at 11:00 a.m. Pacific time to provide stockholders additional time to vote on Proposal One and Proposal Two. Both proposals received significant support based on the shares that have been voted by stockholders but have yet to reach the 50% threshold of favorable votes of all outstanding shares of common stock required to approve each proposal.
<ul>
<li>Proposal One is a proposal to approve the sale of Avenova, representing substantially all of the assets of the Company (the "Asset Sale"), pursuant to the Asset Purchase Agreement, dated September 19, 2024, by and between the Company and PRN Physician Recommended Nutriceuticals, LLC.
<ul>
<li>Proposal Two is a proposal to approve the liquidation and dissolution of the Company, pursuant to the Plan of Complete Liquidation and Dissolution of the Company (the "Plan of Dissolution") which, if approved, would authorize the Company to liquidate and dissolve in accordance with the Plan of Dissolution, and pursuant to the discretion of the Board of Directors to proceed with the dissolution.</li>
</ul>
</li>
</ul>

NovaBay Pharmaceuticals To Reconvene Special Meeting Of Stockholders To December 18, 2024; Initial Meeting Adjourned Due To Insufficient Votes To Reach The 50% Threshold Of Outstanding Common Shares Voting In Favor Of Proposal One And Two

<h3>Gainers</h3>
<ul>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) shares moved upwards by 25.1% to $2.27 during Friday's pre-market session. The company's market cap stands at $23.7 million. </li>
<li>Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) stock increased by 17.8% to $25.96. The company's market cap stands at $9.7 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) stock moved upwards by 12.38% to $0.8. The market value of their outstanding shares is at $36.6 million. </li>
<li>Allurion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) stock increased by 11.46% to $0.57. The market value of their outstanding shares is at $36.7 million. </li>
<li>Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) shares moved upwards by 8.18% to $7.14. The company's market cap stands at $97.9 million. The company's, Q3 earnings came out today. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock moved upwards by 8.1% to $1.6. The company's market cap stands at $6.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares fell 11.3% to $4.4 during Friday's pre-market session. The company's market cap stands at $90.5 million. The company's, Q3 earnings came out yesterday. </li>
<li>Destination XL Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) stock decreased by 6.21% to $2.42. The market value of their outstanding shares is at $140.9 million. As per the press release, Q3 earnings came out today. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock declined by 6.11% to $2.6. The company's market cap stands at $2.3 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares fell 5.75% to $3.77. The company's market cap stands at $2.3 million. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) stock declined by 5.21% to $2.55. The market value of their outstanding shares is at $25.1 million. </li>
<li>Thunder Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIEV#NASDAQ">AIEV</a>) stock declined by 4.99% to $0.27. The company's market cap stands at $13.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AIEV

ALUR

CATO

DXLG

GDHG

NDLS

TRNR

VMAR

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Exicure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) stock rose 41.7% to $15.39 during Friday's pre-market session. The company's market cap stands at $33.4 million. </li>
<li>Virpax Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) stock rose 34.76% to $0.79. The market value of their outstanding shares is at $6.4 million. </li>
<li>Replimune Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) stock moved upwards by 23.07% to $13.6. The company's market cap stands at $930.4 million. </li>
<li>MSP Recovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIFW#NASDAQ">LIFW</a>) shares increased by 20.27% to $1.78. The company's market cap stands at $2.2 million. </li>
<li>Scinai Immunotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) stock rose 12.58% to $3.4. The market value of their outstanding shares is at $2.9 million. As per the press release, Q3 earnings came out today. </li>
<li>IO Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOBT#NASDAQ">IOBT</a>) stock rose 12.56% to $0.77. The company's market cap stands at $50.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Autonomix Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) stock decreased by 55.0% to $6.08 during Friday's pre-market session. The company's market cap stands at $7.0 million. </li>
<li>Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) stock fell 17.01% to $4.44. The company's market cap stands at $1.5 billion. </li>
<li>Procaps Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROC#NASDAQ">PROC</a>) shares decreased by 14.42% to $0.95. The market value of their outstanding shares is at $107.1 million. </li>
<li>BioXcel Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTAI#NASDAQ">BTAI</a>) shares decreased by 8.87% to $0.52. The company's market cap stands at $22.2 million. </li>
<li>Silexion Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLXN#NASDAQ">SLXN</a>) shares fell 7.93% to $0.29. The company's market cap stands at $4.2 million. </li>
<li>TruBridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBRG#NASDAQ">TBRG</a>) shares declined by 7.88% to $14.75. The market value of their outstanding shares is at $220.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMIX

BTAI

IOBT

LIFW

PROC

REPL

SCNI

SLXN

TBRG

VRPX

XCUR

12 Health Care Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>SKK Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKK#NASDAQ">SKK</a>) shares increased by 75.4% to $1.93 during Friday's pre-market session. The market value of their outstanding shares is at $30.1 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock moved upwards by 39.24% to $8.48. The company's market cap stands at $6.6 million. </li>
<li>Icon Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICON#NASDAQ">ICON</a>) stock increased by 23.5% to $2.68. The market value of their outstanding shares is at $4.3 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) stock moved upwards by 12.15% to $2.03. The market value of their outstanding shares is at $14.4 million. </li>
<li>Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) shares moved upwards by 11.8% to $28.5. The company's market cap stands at $875.2 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Marti Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MRT#AMEX">MRT</a>) stock increased by 11.32% to $2.16. The market value of their outstanding shares is at $123.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares fell 31.1% to $12.61 during Friday's pre-market session. The market value of their outstanding shares is at $48.1 million. </li>
<li>Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) shares declined by 11.82% to $2.09. The company's market cap stands at $34.8 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock fell 9.1% to $1.1. The company's market cap stands at $61.3 million. </li>
<li>L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) shares decreased by 8.33% to $25.0. The company's market cap stands at $270.7 million. </li>
<li>ESGL Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGL#NASDAQ">ESGL</a>) stock fell 6.78% to $1.63. The market value of their outstanding shares is at $65.5 million. </li>
<li>Satellogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) stock decreased by 5.52% to $1.2. The company's market cap stands at $108.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AQMS

ESGL

FLUX

FSTR

HTCO

ICON

JTAI

KSCP

MATW

SATL

12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Wellchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) shares increased by 76.8% to $2.21 during Friday's pre-market session. The market value of their outstanding shares is at $46.9 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares increased by 17.15% to $12.5. The company's market cap stands at $85.3 million. </li>
<li>Thumzup Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZUP#NASDAQ">TZUP</a>) stock increased by 16.04% to $4.7. The market value of their outstanding shares is at $44.1 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock rose 14.37% to $4.6. The market value of their outstanding shares is at $22.2 million. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares rose 14.18% to $1.69. The market value of their outstanding shares is at $324.9 million. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares rose 13.76% to $0.25. The company's market cap stands at $4.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) shares fell 18.8% to $9.09 during Friday's pre-market session. The company's market cap stands at $322.5 million. The company's, Q2 earnings came out yesterday. </li>
<li>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock decreased by 13.05% to $0.84. The market value of their outstanding shares is at $3.9 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) stock fell 8.05% to $0.1. The market value of their outstanding shares is at $14.8 million. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares declined by 7.64% to $2.3. The market value of their outstanding shares is at $81.9 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock declined by 7.18% to $7.63. The company's market cap stands at $45.6 million. </li>
<li>Global Engine Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLE#NASDAQ">GLE</a>) stock declined by 6.87% to $4.07. The market value of their outstanding shares is at $74.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AKTS

ARQQ

DGLY

LGTY

QMCO

RGTI

TZUP

VEEA

12 Information Technology Stocks Moving In Friday's Pre-Market Session

EVLV

Evolv Receives Nasdaq Delinquency Notification

Offerings

IMNM

Immunome Files For Resale Of Up To 1.8M Shares By Selling Stockholder

Petrobras Brasileiro Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares are trading higher Friday, following approval of $3.4 billion in extraordinary dividends by its board. Here&#8217;s <a href="https://www.benzinga.com/quote/PBR/news">what you need to know.</a>
What To Know: Petrobras stated that approximately 15.6 billion reals (approximately $2,685,997,080) of the payout would come from a capital reserve. The reserve had been holding cash investors expected to receive earlier as extraordinary dividends for the 2023 period.
Earlier in the week, Petrobras <a href="https://www.benzinga.com/24/11/42137060/petrobras-boosts-five-year-investment-to-111b-aims-for-32m-boed-production">announced its strategic plan</a> for 2025-2029, outlining $111 billion in investments, including $77 billion for exploration and production and $20 billion for refining, transportation and sales. The plan also emphasizes a focus on sustainable practices, such as reducing the carbon footprint of its operations and prioritizing pre-salt asset development.
The company expects total production of 3.2 million barrels of oil and gas equivalent per day during the period and plans to distribute $45 billion to $55 billion in ordinary dividends, with an additional $10 billion reserved for extraordinary dividends or projects.
PBR Price Action: Petrobas Brasileiro shares were up 5.19% at $14.89 at the time of publication on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-1024x552.png" alt="" class="wp-image-661697" style="width:544px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-1024x552.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR.png 1129w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo: Shutterstock.

Dividends

Commodities

Global

Petrobras Shares Are On The Rise Today: What's Going On?

CREV

Carbon Revolution Receives Nasdaq Non-Compliance Notice for Delayed Annual Report Filing; Has Until January 21, 2025, to Submit Compliance Plan

Orange County Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>), parent company of Orange Bank &amp; Trust Company and Hudson Valley Investment Advisors, Inc. today announced a $0.02 increase and a declaration of a $0.25 cash dividend per share of its common stock. The dividend will be paid on December 16, 2024 to shareholders of record on December 4, 2024.

Orange County Bancorp Increases Quarterly Cash Dividend From $0.23 To $0.25 Per Share

Despite flat earnings and challenging market conditions, Cresco Labs Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) remains an &#8220;Overweight&#8221; stock, according to analysis firm Zuanic &amp; Associates. In his latest report, Zuanic underscores Cresco&#8217;s strong positioning in emerging adult-use markets such as Pennsylvania and Ohio while identifying valuation advantages that set the company apart. 
Cresco trades at 5.5x forward EBITDA, below Green Thumb Industries Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) at 7x and Curaleaf Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) at 10x. 
&#8220;This discount presents an appealing entry point for investors looking beyond short-term volatility,&#8221; Zuanic writes.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Market Dynamics: Cresco In The Tier 1 Landscape</h3>
Zuanic's report benchmarks Cresco against other Tier 1 multi-state operators (MSOs), including Green Thumb, Trulieve Cannabis Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), Verano Holdings Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>), and Curaleaf.&nbsp;
While Cresco&#8217;s third-quarter revenue of $180 million fell 2% sequentially, the decline aligns with broader industry trends, with peers like Curaleaf and Verano posting declines of 3% and 5%, respectively. By contrast, Green Thumb achieved a 2% increase, reaching $287 million.
<a href="https://www.benzinga.com/cannabis/earnings">Adjusted EBITDA margins </a>further illustrate Cresco's position: the company held steady at 29% in Q3, compared to Green Thumb at 31% (-200 basis points) and Trulieve at 34% (-100 basis points). However, <a href="https://www.benzinga.com/quote/CRLBF">Cresco lags in adjusted cash flow.</a>&nbsp;
Its negative $3 million adjusted figure for the first nine months of 2024, factoring in tax liabilities, contrasts sharply with Green Thumb's $139 million (17% of sales) and Trulieve's $37 million (4% of sales). <a href="https://www.benzinga.com/topic/pablo-zuanic">Zuanic highlights</a> cash flow conversion as a critical area where Cresco &#8216;lags&#8217; its competitors.&#8221;&nbsp;
Read Also: <a href="https://www.benzinga.com/24/11/42145406/nebraskas-cannabis-legalization-faces-courtroom-showdown-over-alleged-fraud">Nebraska&#8217;s Cannabis Legalization Faces Courtroom Showdown Over Alleged Fraud</a>
<h3 class="wp-block-heading">Valuation Analysis: Digging Into The Numbers</h3>
Cresco's <a href="https://www.benzinga.com/cannabis/earnings">valuation metrics reveal potential upside</a>. Its enterprise value (EV) to current sales ratio stands at 1.6x, lower than Curaleaf and Green Thumb, both at 2.2x. This discount extends to EV-to-EBITDA multiples, with Cresco trading at 5.5x compared to Green Thumb at 7x and Curaleaf at 10x.&nbsp;
These figures include tax liabilities, financial net debt, and other obligations. "Cresco's lower EV multiples, alongside its gross cash holdings of $157 million, make it a compelling value play among Tier 1 operators," Zuanic explains.
<h3 class="wp-block-heading">Strategic Hurdles And Growth Catalysts</h3>
Despite these advantages, Zuanic identifies several hurdles. Cresco&#8217;s total leverage, including financial and tax liabilities, amounts to 80% of trailing sales, the highest among Tier 1 MSOs. In contrast, Green Thumb's leverage is just 9%. Moreover, while Cresco holds promising positions in <a href="https://www.benzinga.com/topic/pennsylvania-cannabis">Pennsylvania</a> and <a href="https://www.benzinga.com/topic/ohio-cannabis">Ohio</a>, Zuanic emphasizes the need for a strategic partner to close the scale gap with peers like Green Thumb and Curaleaf. &#8220;A partnership would help Cresco achieve operational efficiencies and capitalize on upcoming recreational markets,&#8221; he notes.
Zuanic&#8217;s projections account for regulatory uncertainty, including delays in Pennsylvania's adult-use legalization timeline to mid-2026 and the potential impact of federal rescheduling challenges. Nonetheless, he remains optimistic about Cresco's long-term prospects. &#8220;We see Cresco as a buy for investors with a one-to-two-year horizon, particularly given its discounted valuation,&#8221; he concludes. 
For a deeper dive into his methodology and projections, <a href="https://zuanicgroup.com/">visit Zuanic &amp; Associates' research portal</a>.
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80% Leverage, 5.5x EBITDA: Is Cresco The High-Risk, High-Reward Play Investors Need?

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General Motors shares are trading higher amid rumors the company may potentially enter F1 in 2026.

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares are trading higher Friday. There were multiple developments this week, including unionization efforts at its Kentucky battery plant and broader industry calls to President-elect Donald Trump to preserve key EV tax credits. Here&#8217;s <a href="https://www.benzinga.com/quote/F/news">what you need to know.</a>
What To Know: Earlier this week, the United Auto Workers (UAW) announced that a supermajority of workers at Ford's BlueOval SK battery plant in Kentucky, a joint venture with SK On, <a href="https://www.benzinga.com/24/11/42104199/supermajority-of-workers-at-fords-jv-battery-plant-sign-union-authorization-cards-says-uaw">signed union authorization cards</a>.
The workers cited pay and benefit disparities compared to unionized Ford employees as key motivators. UAW stated that BlueOval SK workers earn significantly less than their unionized counterparts, starting pay at $21 per hour compared to $26.32 for Ford's UAW production workers.
Additionally, a group representing major automakers, including Ford, urged the incoming Trump administration to preserve the $7,500 federal tax credit for electric vehicle purchases and support self-driving car technologies. The group also expressed concerns over emissions regulations and potential revisions to rules mandating automatic emergency braking systems. This lobbying effort potentially highlights the auto industry&#8217;s focus on sustaining momentum in EV and autonomous vehicle development while addressing regulatory challenges.
What Else: On Wednesday, the company announced plans to cut about 4,000 jobs or 14% of its European workforce, due to weak demand for electric vehicles and increasing competition. The layoffs, representing 2.3% of Ford&#8217;s global headcount, are expected to occur by the end of 2027. Ford&#8217;s European sales have dropped 17.9% this year, largely due to reduced EV subsidies in markets like Germany, contributing to the company&#8217;s challenges as its transition to electric vehicles.
F Price Action: Ford Motor shares were up 3.56% at $11.18 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22134601/F-1024x529.png" alt="" class="wp-image-661562" style="width:495px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22134601/F-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22134601/F-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22134601/F-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22134601/F.png 1174w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image via Shutterstock.

Ford Shares Are On The Rise Friday: What You Need To Know

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