The Week In Cannabis: Earnings Season, A GOP Legalization Bill, Seth Rogen & Sarah Silverman’s Campaign
Below is a recap of the main news related to the cannabis industry and markets for the week of November 8, 2021.
Contents
76 Biggest Movers From Yesterday
Gainers
Expensify, Inc. (NASDAQ: EXFY) jumped 52.1% to settle at $41.06 on Wednesday after the company priced its IPO at $27 per share.
55 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
RenovoRx, Inc. (NASDAQ: RNXT) shares jumped 128% to $12.41. The company, on Tuesday evening, made a presentation on intra-arterial chemotherapy as a potential innovative treatment for pancreatic cancer.
How Good Are Agrify’s Earnings? | Return On Capital Employed
According to data from Benzinga Pro, during Q2, Agrify's (NASDAQ:AGFY) reported sales totaled $11.82 million. Despite a 16.44% increase in earnings, the company posted a loss of $5.43 million.
Cannabis Earnings Scorecard $ACB $VFF — Cannabis Daily November 10, 2021
Start The Day With The Best Daily Pre-Market Overview Of The Cannabis Space
Today On Cannabis Daily, host Elliot Lane goes over this week's earnings and tells us which companies fell short and which excelled.
Lane covers the following public companies:
Cannabis Earnings: Agrify Q3 Sales Spike 460% YoY, Raises F21 Sales Guidance to $60M-$62M
Vertically integrated cannabis company Agrify Corporation (NASDAQ: AGFY) announced its financial results Wednesday for the third quarter of fiscal 2021, revealing a 460% year-over-year and 33% sequential increase in revenue to $15.8 million.
Agrify Names Thomas Massie Pres, COO; Timothy Oakes CFO
Agrify Corporation (NASDAQ:AGFY) (“Agrify” or the “Company”), a vertically integrated provider of premium cultivation and extraction solutions for the cannabis and hemp industry, today announced
Earnings Scheduled For November 10, 2021
Companies Reporting Before The Bell
• LumiraDx (NASDAQ:LMDX) is projected to report quarterly loss at $0.24 per share on revenue of $94.32 million.