TPB - TURNING PNT BRND （）

Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania , ” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state and bodes well for any future adult-use legalization. This is also a big number when one considers that the program has only just gotten underway.” And, while Pennsylvania sales surpassed $900 million in one year, Maryland sales finally hit $1 billion, more than three years after the medical cannabis program launched in December of 2017. Meanwhile, the Swiss-American multinational Philip Morris International Inc. (NYSE: PM ), maker of Marlboro cigarettes, said it's considering getting into the cannabis industry.

Turning Point Brands, Inc. (NYSE: TPB ) has teamed up with Docklight Brands Inc. to expand the reach of Bob Marley brand of cannabis and CBD products. The Louisville, Kentucky-based company opted to invest $8.7 million in Docklight Brands’ series A offering. “Our goal is to build an expansive portfolio of the most innovative brands in the cannabis industry and to distribute these products across our vast partner network,” Larry Wexler, Turning Point Brands’ CEO, said Tuesday. Under the strategic agreement, TPB was granted rights to distribute … Full story available on Benzinga.com

TerrAscend Investment Helps Canopy Rivers Reach $82.2M In Income For Q3 Canopy Rivers Inc. disclosed Wednesday its total comprehensive income amounted to $82.2 million in the third quarter of this fiscal year, versus a loss of $40 million in the same period of last year. The company attributes the growth to an $11.4 million increase in the value of its TerrAscend Canada Inc. (CSE: TER) (OTCQX: TRSSF ) investment. The Toronto-based venture capital firm invested some $10 million in Terrascend in October. Canopy acquired 13,243 units of TerrAscend as a part of the first tranche of the offering. "Our portfolio companies continue to gain momentum, and we are further encouraged by the potential for regulatory reform in the U.S. given recent progress at the state level, and the new administration's position on cannabis reform," Canopy Rivers CEO Narbé Alexandrian said. Operating income - before equity method investees and fair value changes - was roughly $3 million for the period, slightly less than operating expenses, which amounted to $3.4 million.

Companies Reporting Before The Bell • Advanced Energy Indus (NASDAQ: AEIS ) is projected to report quarterly earnings at $1.35 per share on revenue of $364.66 million. • Ardmore Shipping (NYSE: ASC ) is estimated to report quarterly loss at $0.39 per share on revenue of $24.64 million. • Beasley Broadcast Group (NASDAQ: BBGI ) is estimated to report quarterly earnings at $0.20 per share on revenue of $68.00 million. • Blackstone Mortgage Trust (NYSE: BXMT ) is estimated to report quarterly earnings at $0.61 per share on revenue of $114.97 million. • The Chefs' Warehouse (NASDAQ: CHEF ) is likely to report quarterly loss at $0.34 per share on revenue of $275.28 million. • Crown Crafts (NASDAQ: CRWS ) is expected to report earnings for its third quarter. • Diebold Nixdorf (NYSE: DBD ) is expected to report quarterly earnings at $0.36 per share on revenue of $1.07 billion. • InMode (NASDAQ: INMD ) is projected to report quarterly earnings at $0.75 per share on revenue of $70.76 million. • Jerash Holdings (US) (NASDAQ: JRSH ) is expected to report quarterly earnings at $0.

Turning Point Brands announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…

Turning Point Brands announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…

Shares of Turning Point Brands (NYSE:TPB) rose 5% after the company reported Q2 results. Quarterly Results Earnings per share rose 33.96% year over year to …

NEW YORK--(BUSINESS WIRE)--Standard Diversified Inc. (the “Company”) (NYSE American: SDI) today provided an update with respect to the pending corporate reorganization to be accomplished through a merger (the “Merger”) with Turning Point Brands, Inc. (“Turning Point”), of which the Company held a slightly greater than 50% interest as of December 31, 2019. As announced on April 8, 2020, the Company and Turning Point have entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursu

Turning Point Brands, Inc. (TPB) delivered earnings and revenue surprises of -10.87% and -4.72%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

NEW YORK--(BUSINESS WIRE)--Standard Diversified Inc. (the “Company”) (NYSE American: SDI) today announced that it intends to pursue a merger with Turning Point Brands, Inc. (“Turning Point”), of which the Company held a 50.1% interest as of September 30, 2019. Pursuant to the proposed transaction, which would be a statutory merger implemented via Delaware law and which is intended to constitute a tax-free “downstream reorganization” for U.S. federal income tax purposes, the Company would be mer