I know I'm early here but I noticed two firms gently taking Pot stocks from sell to neutral and I think a downtrend is breaking here in Curaleaf--- Curaleaf Holdings, Inc. (CURLF) 7.24+0.19 (+2.70%)<-------------------- At close: September 21 3:59PM EDT
Something is brewing at CHGG-- weird action yesterday. Chegg, Inc. (CHGG) 68.05+3.95 (+6.16%)<------ At close: September 21 4:00PM EDT 68.84+0.79 (1.16%) Before hours:8:15AM EDT
Coursework moving online creates demand from students for two reasons. First, if assignments can be completed and submitted online, the value proposition for the services offered by Chegg thereby increases. Second, when courses move online, the quality and availability of interactions with teachers is reduced -- leaving Chegg with an opportunity to step in and provide students with the learning resources they need. For the fall semester that just started, many universities have moved the majority of their classes online once again. This is in comparison to the spring semester when classes went virtual in only the final weeks of the term. The California state university system, the largest in the U.S., will move all of its schools online for the fall semester (with a few exceptions). Chegg will continue to reap the benefitsof the increase in demand as it did in the most recent quarter when subscribers grew 58% year over year. The continuation of the surge in demand is leading management to significantly raise revenue expectations for the third quarter and the rest of the year. Chegg now expects third-quarter revenue of $142.5 million at the midpoint and $610 million for full-year 2020. That guidance represents year-over-year growth of 51% and 48%, respectively. And if its most recent quarter was an indication of the increasing profits to come as a result of the expanding top line, investors in thisconsumer stockhave something to be excited about. Operating income more than tripled year over year to $22.1 million.
In the August earnings call, CHEGG CFO Andy Brown said, "The momentum we are seeing in the business accentuated by the pandemic is likely to continue for the foreseeable future, and we expect to be a high growth, high-margin company for years to come." Business Jefferies Upgrades Aurora And Tilray, Says Valuations, Estimates 'Now More Realistic'
The 3 Fastest-Growing Pot Stocks Through 2024 Over a Five-Year Stretch, These Cannabis Stocks Offer a Compound Annual Growth Rate Ranging Between 59% and 105% Cronos Group (NASDAQ: CRON), Curaleaf(OTCQX:CURLF) and Cresco Labs(OTCQX:CRLBF). Colorado, Illinois, Ohio Set Records for Monthly Marijuana Sales States Continue to Post Record Cannabis Sales in the Face of the COVID-19 Pandemic and the Ensuing Economic Downturn, Further Evidence the Marijuana Industry is Capable of Weathering the Recession Colorado set a record in July, for the first time exceeding $200 million in one month and Ohioset a record for medical Marijuana sales at around $21 million for July, the most MMJ sold in one month since January 2019. In Illinois, recreational Cannabisstores sold almost $64 million during August, surpassing the record set in July by more than $3 million.
Van just a reminder you are addressing the board of gummybearadvisors at noon on the topic of why we pulled the idea of the large investment in Gamestop that was part of the original Ideas For Now investment plan... ala Playstation 5 release.
Van what if i gave you 22 million at 4%... BOXL huge funding! To be used to buy companies.... Boxlight Corporation (BOXL) NasdaqGS - NasdaqGS Real Time Price. Currency in USD 1.6054+0.1954 (+13.86%)<----------- As of 9:32AM EDT. Market open.
Complex agreement))) Boxlight Receives $22,000,000 Investment from The Lind Partners September 22, 2020, 9:00 AM Investment increases cash available for future acquisitions Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology solutions for the global education market, today announced its entry into a funding agreement for gross proceeds of $22,000,000 with Lind Global Macro Fund, LP, an investment fund managed by The Lind Partners, a New York based institutional fund manager. "Proceeds from the investment, along with the $34.5 million in gross proceeds from our July 2020 offering, will be used for future acquisition opportunities," said Michael Pope, Chairman and Chief Executive Officer at Boxlight. "Specifically, we are targeting companies for acquisition that will either increase our global footprint or enhance our solutions portfolio for the education market. Potential candidates will be immediately accretive, generate significant revenues, produce positive earnings, and exhibit substantial growth potential." The investment is in the form of a $22,000,000 convertible note with a 24-month maturity, a 4% APR (0% APR if the Company’s stock price is trading above $3.50), and a fixed conversion price of $3.50 per share of Boxlight’s Class A voting common stock. Principal payments are due in 20 monthly installments beginning November 2020. Under the terms of the note, Boxlight has the right to make principal and interest payments in the form of either cash or Class A common stock. Boxlight also has the right to prepay the convertible note at any time without penalty (the "Buy-Back Right"). Should Boxlight choose to exercise its Buy-Back Right, Lind Global Macro Fund will have the option of converting 25 percent of the outstanding face value into shares of Boxlight Class A common stock.