Tropical Storm Ida damaged Acreage Holdings Inc. (OTC:ACRGF) cannabis cultivation site in Sewell, South Jersey, delaying the company's cultivation plans. Acreage had planned to start producing marijuana at the site in early 2022.
Now, that is “unlikely,” said Steve Goertz, Acreage’s CFO, who described the damage as “extensive.”
Acreage bought Compassionate Care Foundation last year and also grows medical marijuana in Egg Harbor Township. It has dispensaries there, in Atlantic City and in Monroe Township, reported NJ.com.
After Hurricane Ida made landfall in Louisiana on August 29, it hit New Jersey the night of September 1, killing 27 people. Six counties have been declared major disaster areas by President Joe Biden.
Cannabis businesses were affected along the coast. “Climate disruption is something cannabis companies, unfortunately, must come to expect, '' said Kaelan Castetter, a New York cannabis consultant whose Manhattan client saved his CBD shop from major flood damage only to return home to a flooded apartment, reported MJBizDaily.
In May, Acreage and Medterra CBD, LLC joined forces to develop a CBD-based collection of products. The move followed the sale of Acreage's Florida operations to Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX:RWBYF) for $60 million.
Top 5 Medical Stocks To Buy Right Now: Applied Materials, Inc.(AMAT)
Applied Materials, Inc. (Applied), incorporated on March 18, 1987, provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Its manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems. The Company caters to customers, including manufacturers of semiconductor chips, liquid crystal and other displays, solar PV cells, and other electronic devices. It has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including Germany, Israel, Italy, Singapore, Taiwan, the United States and other countries in Asia.
The Company’s Silicon Systems segment develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The Silicon Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer packaging. The majority of its new equipment sales are to integrated device manufacturers and foundries across the world. Its transistor and interconnect products and technologies have enabled various generations of device scaling from planar transistors to three-dimensional (3D) multi-gate FinFET transistors. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization and electrochemical deposition. Many of these process steps are used multiple times throughout the semic! onductor chip fabrication process. Its Transistor and Interconnect Technologies’ products include Centura RP Epi, VIISta Systems, Vantage Systems and Raider Platform. It offers patterning and packaging products and systems that enable the transfer of patterns onto device structures, making it possible to etch masks used for photolithography, and perform deposition, etching and related processes. Its Patterning and Packaging Technologies’ include Olympia System, Producer Systems, and Centris and Producer Systems. It offers a suite of metrology, inspection and review systems for front- and back-end-of-line applications. These systems’ imaging capabilities and algorithms employ optical and e-beam technologies to meet the technical demands, such as self-aligned double and quad patterning, extreme ultraviolet layers, measurement-intensive optimal proximity correction mask qualification, and 3D architectures. The Company delivers capabilities that enable chipmakers to establish statistical process control, ramp up production runs rapidly and achieve high production yields. Its Imaging and Process Control Technologies’ products include SEMVision G6 Defect Analysis and Aera4 Mask Inspection.
Applied Global Services
The Company’s Applied Global Services (AGS) segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment and factory automation software for semiconductor, display and solar products. Customer demand for products and services is fulfilled through a global distribution system with trained service engineers located in close proximity to customer sites in various countries to support approximately 33,000 installed Applied semiconductor, display and solar manufacturing systems across the world. It offers various services and products under the Applied Global Services segment, including certified services, fab consulting, parts programs, subfab equipment, legacy ! equipment! and automation software.
The Company’s Display segment consists of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, personal computers (PCs), tablets, smart phones and other consumer-oriented devices. The Display segment offers various technologies and products, including array test, chemical vapor deposition (CVD) and physical vapor deposition (PVD). Its products include Electron Beam Array Tester, AKT PECVD Systems, AKT Aristo and PiVot Systems.
Energy and Environmental Solutions
The Company’s Energy and Environmental Solutions segment includes products for fabricating crystalline-silicon (c-Si) solar PV cells, as well as high throughput roll-to-roll deposition equipment for flexible electronics, packaging and other applications. The technologies and products offered in the Energy and Environmental Solutions segment include Cell Manufacturing and Roll-to-Roll WEB Coating. It offers fine Line Double Print process, which enables solar manufacturers to produce cells with less paste. Its Roll-to-Roll coating systems provide production solutions for packaging, flexible electronics and security industries. WEB systems utilize physical vapor deposition, thermal evaporation, chemical vapor deposition and e-beam technology to deposit tiny layers of metal onto flexible substrates. Its products include Baccini Systems, TopBeam, TopMet and SmartWeb Systems.
- [By ]
Applied Materials (NASDAQ:AMAT) had its price objective increased by Mizuho from $158.00 to $161.00 in a report issued on Friday, The Fly reports. The firm currently has a buy rating on the manufacturing equipment provider’s stock.
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Applied Materials (AMAT) – Get Report shares were steady Thursday, after the semiconductor equipment maker reported stronger-than-expected results for the fiscal 2021 third quarter, ended Aug. 1.
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Shares of Applied Materials (AMAT) – Get Report fell more than 1% in premarket trading Friday after the semiconductor equipment maker reported stronger-than-expected earnings and sales in its fiscal third quarter and issued an upbeat forecast.
Top 5 Medical Stocks To Buy Right Now: Wheeler Real Estate Investment Trust, Inc.(WHLR)
Wheeler Real Estate Investment Trust, Inc. engages in acquiring, financing, developing, leasing, owning, and managing real estate properties in the mid-Atlantic, southeast, and southwest United States. It acquires strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. The company leases its properties to national and regional retailers. As of June 30, 2011, its portfolio had a total gross leasable area of 368,865 square feet. The company was founded in 2011 and is headquartered in Virginia Beach, Virginia.
- [By Money Morning News Team]
Rounding out the top five is a financial services stock, Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR), which advanced more than 63% to end the week at $1.80 per share.
- [By Money Morning Staff Reports]
Here are last week’s top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week’s Gain
OncoCyte Corp. (NYSE: OCX) Healthcare $4.98 159.38%
Fortress Biotech (NASDAQ: FBIO) Healthcare $2.47 133.02%
Trevena Inc. (NASDAQ: TRVN) Healthcare $1.01 86.69%
Celldex Therapeutics Inc. (NASDAQ: CLDX) Healthcare $0.58 66.82%
Wheeler Real Estate Investment Trust Inc.(NASDAQ: WHLR) Financial $1.80 63.64%
Scynexis Inc. (NASDAQ: SCYX) Healthcare $1.13 53.64%
Eldorado Gold Corp. (NYSE: EGO) Basic Materials $3.98 47.96%
Novus Therapeutics Inc. (NASDAQ: NVUS) Healthcare $4.15 43.60%
PHI Inc. (NASDAQ: PHII) Services $4.50 42.14%
BioTime Inc. (NYSE: BTX) Healthcare $1.33 41.50%
See Now: Our founder just released his No. 1 pick for 2019. Don’t miss this. See urgent briefing here…
- [By Ethan Ryder]
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.
Top 5 Medical Stocks To Buy Right Now: Cooper Tire & Rubber Company(CTB)
Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Company is organized into four business segments: North America, composed of the Company’s operations in the United States and Canada; Latin America, composed of the Company’s operations in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America segments are similar in their production and distribution processes, and are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe segments are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries.
Americas Tire Operations segment
The Company’s Americas Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. The segment also has a joint venture manufacturing operation in Mexico with Corporacion de Occidente SA de CV (COOCSA), which supplies passenger car tires to the United States, Mexican, Central American and South American markets. The segment also distributes tires for racing, medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company’s European Operations and by others. The medium truck tires are sourced through an off-take agreement with the Company’s joint venture, which is known as Prinx Chengshan (Shandong) Tire Company Ltd. Its distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and retail chains that sell tires, as well as other automotive products. The segment sells a limited number o! f tires to original equipment manufacturers (OEMS). The segment’s replacement tire business has a customer base that includes purchasers of brand tires that are marketed and distributed by the Company and private label tires which are manufactured by the Company but marketed and distributed by the Company’s customers. The segment is a supplier of private label tires in the United States.
International Tire Operations segment
The Company’s International Tire Operations segment is the combination of the Asia and Europe operating segments. The European operations have manufacturing operations in the United Kingdom and the Republic of Serbia (Serbia). The United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material for the domestic and global markets. The Serbian entity manufactures light vehicle tires for the European markets and for export to the United States. The Asian operations are located in the People’s Republic of China (PRC). In the PRC, Cooper Kunshan Tire manufactures light vehicle tires and, under an agreement with the government of the PRC, these tires were exported to markets outside of the PRC. The majority of the tires manufactured by the International Tire Operations segment are sold in the replacement market. The segment has also sales, marketing, distribution and research and development capabilities.
The Company competes with Bridgestone Corporation, Goodyear Tire & Rubber Company and Groupe Michelin.
- [By Stephan Byrd]
Cooper Tire & Rubber Co (NYSE:CTB) – Analysts at Jefferies Financial Group reduced their Q1 2019 earnings per share estimates for shares of Cooper Tire & Rubber in a report released on Tuesday, February 19th. Jefferies Financial Group analyst B. Jordan now anticipates that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.37. Jefferies Financial Group also issued estimates for Cooper Tire & Rubber’s Q4 2019 earnings at $0.85 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.89 EPS, Q3 2020 earnings at $0.98 EPS and Q4 2020 earnings at $1.06 EPS.
- [By Motley Fool Transcribers]
Cooper Tire & Rubber Co (NYSE:CTB)Q42018 Earnings Conference CallFeb. 19, 2019, 10:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Top 5 Medical Stocks To Buy Right Now: Tarena International, Inc.(TEDU)
Tarena International, Inc., through its subsidiaries, primarily provides information technology (IT) professional education services through part-time and full-time classes in the Peoples Republic of China. It offers education courses in 11 IT subjects, such as Java, .NET, C++, software testing, PHP, embedded, Android, iOS, Big Data, Web front-end development, and Linux and network engineering; and 3 non-IT subjects comprising digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules. The company also provides two kid education programs, including Tongcheng and Tongmei. Tarena International, Inc. was founded in 2002 and is headquartered in Beijing, the Peoples Republic of China.
- [By Motley Fool Transcribers]
Tarena International(NASDAQ:TEDU)Q42018 Earnings Conference CallMarch 11, 2019, 9:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Joseph Griffin]
Schroder Investment Management Group trimmed its holdings in Tarena International Inc (NASDAQ:TEDU) by 7.9% in the second quarter, Holdings Channel reports. The fund owned 1,716,054 shares of the business services provider’s stock after selling 146,939 shares during the period. Schroder Investment Management Group’s holdings in Tarena International were worth $12,922,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Shares of Tarena International Inc (NASDAQ:TEDU) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.93.
- [By Max Byerly]
Tarena International Inc (NASDAQ:TEDU) has received an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.21.
Top 5 Medical Stocks To Buy Right Now: THERMOGENESIS Corp.(KOOL)
ThermoGenesis Corp. designs, develops, and sells medical products that enable the practice of regenerative medicine worldwide. It offers automated and semi-automated devices, and single-use processing disposables that enable the collection, processing, and cryopreservation of stem cells and other cellular tissues used in the practice of regenerative medicine. Regenerative medicine is a field that uses cell-based therapies to repair or restore lost or damaged tissue and cell function. The company?s products include the AXP System, a medical device that isolates and retrieves stem cells from umbilical cord blood; the BioArchive System, a robotic cryogenic medical device used by cord blood banks for the cryopreservation and archiving of cord blood stem cell units for transplant; the MarrowXpress or MXP System that isolates and concentrates stem cells from bone marrow; Res-Q 60 BMC, a point-of-care bone marrow stem cell processing system; and Res-Q 60 PRP, which is used for t he preparation of autologous platelet rich plasma from a sample of blood at the point of care. It also offers ThermoLine product line, which includes ultra-rapid plasma ThermoLine Freezer and ultra-rapid plasma ThermoLine Thawer; and CryoSeal System, an automated system, which is used to prepare an autologous hemostatic surgical sealant. ThermoGenesis Corp. was founded in 1986 and is based in Rancho Cordova, California.
- [By Ethan Ryder]
Misonix (NASDAQ:MSON) and Cesca Therapeutics (NASDAQ:KOOL) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, analyst recommendations, valuation, risk and profitability.
- [By Shane Hupp]
Cesca Therapeutics (NASDAQ:KOOL) and Misonix (NASDAQ:MSON) are both small-cap medical companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, profitability, analyst recommendations, earnings, dividends and risk.