The second of three monthly contests in Benzinga’s paper trading competition powered by TradeZero kicked off on Oct. 15, giving contestants a chance to take home a portion in the more than $30,000 in cash and prizes offered during the three-month run.
With one week left in the competition, the top of the leaderboard is close with new leaders emerging, including the first contest winner.
The Contests: Powered by TradeZero, the World Championship of Trading is the ultimate trading competition for investors to prove their keen eye during a three-month time period.
The first of three separate contests kicked off on Monday, Sept. 16. Over $5,000 in cash will be awarded to verified contest winners from the first contest.
With the first contest over, everyone who signs up for the second will now compete for the top prize of $10,000 in cash, a lifetime of Benzinga Pro Essential and a tour of the New York Stock Exchange with lunch for two at the exchange.
Contestants have until Nov. 7 to sign up for the second contest, with everyone starting over with a paper balance of $100,000. Based on the last contest’s results, investors may want to sign up and start trading today.
Each investor will have around one month across three separate contests to generate the highest profits from a starting balance of $100,000 in a simulated trading account.
Contestants in the World Championship of Trading will have access to Benzinga’s Live Squawk product.
Investors will also gain exposure to TradeZero’s newly patented short-selling tools.
Through Nov. 3 this is the current leaderboard for the second contest:
1st: Shruthi M.: $489,637.60
2nd: Andrea S.: $416,220.00
3rd: XiaoTian Z.: $302,710.00
Each of the top 10 contestants on the leaderboard has a balance of at least $197,290.00.
Last week’s leader XiaoTian Z. fell to third place. Shruthi M., who now leads the way, was in fourth place last week. The first contest winner Andrea S. has soared to second place after not being on the leaderboard last week.
This week’s top 10 features only five of the top 10 from last week, which shows how the leaderboard changes. This means even if you missed the second contest deadline, you should have the upcoming contests on your radar, as anyone can win with some patience and good trades.
First Contest Winner: Andrea S., the winner of the first contest, went from $100,000 to more than $1 million in the paper trading account in less than a month.
Benzinga previously interviewed Andrea S., who was in the top 10 for most of the contest and was in first place several weeks.
Contest Rules: The contest is open to residents of the United States and Canada who are 21 years of age or older.
Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed. Traders have to hold a minimum of one stock or option throughout the contest. A minimum of five days of one trade or more must be completed throughout each contest.
Interested investors have been able to sign up to join the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.
The dates for the contests are listed below:
- Contest 1: Sept. 15 through Oct. 14
- Contest 2: Oct. 15 through Nov. 14
- Contest 3: Nov. 15 through Dec. 14
The last days to register for the remaining contests are at 9 a.m. ET on Nov. 7 and Dec. 8.
Read Also: TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox
Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.
Here are the prizes for the World Championship of Trading.
Contest 1:
- First Place: $5,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
- Second Place: $1,000 cash, one year of Benzinga Pro Essential.
- Third Place: $500 cash, one year of Benzinga Pro Essential.
Contest 2:
- First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
- Second Place: $2,000 cash, one year of Benzinga Pro Essential.
- Third Place: $1,000 cash, one year of Benzinga Pro Essential.
Contest 3:
- First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
Find out more at the World Championship of Trading site.
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The World Championship of Trading (the “Contest”) involves the assembling and managing of a fantasy stock portfolio and not actual trading results. Contest information and results (collectively, the “Content”) have been made available for information and entertainment purposes only and should not be considered trading or investment advice or a recommendation as to any security. All trading involves risks. Neither Benzinga nor TradeZero make any representations and warranties with respect to the accuracy of the Content, nor do they accept any liability which may arise directly or indirectly from use of the Content. See the Contest’s official rules for all terms and conditions.
TradeZero provides self-directed brokerage accounts to customers through its operating affiliates: TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas; and TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of the Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF). If you have any specific questions about TradeZero’s brokerage services, please reach out to the TradeZero broker dealer in your jurisdiction.
Following Donald Trump‘s election victory, stocks of companies focused on reshoring production to the U.S. surged sharply this week, driven by expectations of more protectionist policies.
The American Reshoring ETF (NYSE:RSHO)—a fund investing in 30 companies committing to reshoring their production lines back home—jumped over 8% in the week, outpacing broader market indices. The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 5% and on par with the iShares Russell 2000 ETF (NYSE:IWM).
Why Expert Sees A Reshoring Boom Ahead
Trump’s win has reignited investor optimism around reshoring, with policies likely to push U.S. companies to prioritize domestic production over cheaper overseas options.
“The case for reshoring is now well set with the Trump presidency,” said Maurits Pots, CEO of Tema ETFs, in an exclusive Benzinga interview.
The new administration is expected to support trade protectionism and tariff increases, a strategy Maurits emphasized as a “key driver of reshoring and domestic manufacturing growth.”
“Companies used to think about what was my lowest cost of production,” Pots said. “Now they’re asking, ‘where can I get more secure, closer-to-home production?’ Security in supply chains is increasingly outpacing cost in importance,” he added.
This shift towards U.S.-centered manufacturing appears to reflect market anticipation that the administration will implement policies with a “primarily U.S. focus,” especially after the potential of a red sweep.
Heavy equipment manufacturers, often seen as bellwethers for industrial sentiment, were among the big winners this week. Caterpillar (NYSE:CAT) rose more than 8% post-election, signaling investors’ heightened interest in U.S. industrial stocks.
Maurits highlighted a similar trend with equipment companies, such as Terex Corp. (NYSE:TEX) .
He noted that these stocks “had very strong moves recently, indicating that expectations of a reacceleration in American capex will be a focus point for the administration.”
Also Read: Powell Brushes Off Trump’s Removal Threat: Economists Say 2026 Could Be His Last Stand
Trade Policies: Tariffs, Subsidies, And The Mexico ‘Nearshoring’ Risk
“We believe tariffs may ultimately prove less harsh than threatened,” said Pots, “but the mere uncertainty around tariffs will itself already form a catalyst for reshoring as companies increasingly value supply chain security and stability.”
According to Pot, the Trump administration’s stance could also discourage “nearshoring” — the trend of moving production closer to the U.S., but not quite on its soil, such as to Mexico.
With Trump’s proposed tariffs on Mexican goods, Mexico’s appeal as a manufacturing hub may diminish, further driving interest in truly domestic production.
Interestingly, Pot highlighted that most of the reshoring incentives introduced during the Biden administration, including substantial investment packages like the CHIPS Act, have been concentrated in Republican-led states.
This aspect of the fund distribution could protect these initiatives from potential rollback under Trump, as they align with his administration’s agenda of strengthening U.S. manufacturing.
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Photo: Shutterstock
Article via El Planteo
“Stigma was never an excuse,” says Noemí Pérez, founder of GreenBook Academy and president of Puerto Rico MedCann.Biz, on her mission to bring medicinal cannabis education to every corner of Puerto Rico. Since the program’s inception in 2015, Pérez has worked to shift views around cannabis, from being seen as a prohibited substance to being understood as a therapeutic tool with significant benefits. This has been no small task, involving traveling across towns to offer free workshops and train both professionals and patients alike.
Watch this episode of “El Planteo Live” on YouTube.
GreenBook Academy is not just an educational hub, it’s a force for change. The academy prepares individuals interested in areas such as cannabis cultivation, manufacturing and sales, creating an ecosystem of skilled workers in the cannabis industry. “Puerto Rico’s regulations are unique,” Pérez explains, highlighting how the strict educational requirements have helped establish a regulated and professionalized market. Local regulations mandate that all cannabis industry employees complete a minimum level of training, which has been crucial in breaking down prejudices and integrating the community.
Education And Community: Shifting The Perception Of Medicinal Cannabis In Puerto Rico
Pérez recalls the early days of Puerto Rico’s medicinal cannabis industry: “There were no patients, no doctors, no vendors.” Through the Cannaworks Institute, Pérez has introduced entire communities to medicinal cannabis. This educational strategy has become a continuous awareness campaign, helping her gain ground against stigma and attract more professionals to the industry.
The entrepreneur recognizes that in a society with Puerto Rico’s strong pharmaceutical heritage, quality and seriousness are vital for cannabis to thrive. In her view, the island’s pharmaceutical approach, with its high-quality standards, not only ensures safe products but builds consumer trust. “Here in Puerto Rico, the medicinal cannabis project follows the same pharmaceutical foundations,” she explains. This regulatory approach has helped medicinal cannabis be seen more as a legitimate option and less as a recreational substance.
Medical Cannabis Tourism: Creating A Wellness-Focused Puerto Rico
Pérez’s mission extends beyond local education. With her vision for expanding medicinal tourism, GreenBook Academy aims to offer a holistic experience for patients visiting the island. Inspired by the Caribbean’s tourism growth, Pérez has developed an innovative program allowing patients from other jurisdictions who cannot bring their medicinal cannabis with them to access products in Puerto Rico. This experience—complete with educational tours and dispensary visits—provides visitors with a comprehensive introduction to medicinal cannabis in a safe, regulated environment.
“It’s like a ‘workshop on wheels,'” Pérez says excitedly. This initiative not only promotes wellness tourism but also helps reinforce Puerto Rico’s image as a leader in health care and alternative therapies. For the founder of GreenBook, this experience is an opportunity to normalize medicinal cannabis use while creating jobs and strengthening the local economy.
2025: A Vision For The Future Of Cannabis In Puerto Rico
For Pérez, the goal for 2025 is clear: broaden education and access to medicinal cannabis across the island. Although recreational legalization remains uncertain, Pérez is focused on promoting an accessible, safe and educational medicinal cannabis model. Through GreenBook Academy, she plans to keep training new professionals, expand medicinal tourism and ensure that more patients learn about and trust cannabis as a viable therapeutic option.
The dedication of Noemí Pérez and her team has established GreenBook Academy and Cannaworks as pillars in developing a respected and professional medicinal cannabis industry in Puerto Rico. Looking toward an inclusive and accessible future, Pérez continues to break down barriers, challenge stigmas and demonstrate that medicinal cannabis has a solid place in the island’s health and economy.
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Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here’s a look at the Benzinga Stock Whisper Index for the week of Nov. 8:
Insmed Inc (NASDAQ:INSM): The biopharmaceutical company saw increased interest from investors over the week, which comes after the company reported third-quarter financial results and provided a company update in late October. The company said ARIKAYCE had revenue of $93.4 million in the quarter, up 18% year-over-year.
Insmed also said its NDA submission for Brensocatib in Bronchiectasis is on track for the fourth quarter and is expected to launch in the U.S. in mid-2025.
H.C. Wainwright reiterated a Buy rating and $90 price target on the stock after the quarterly results. Truist reiterated a Buy rating and raised the price target from $100 to $105. Investor interest could increase in the coming weeks with the company scheduled to participate in several conferences including ones from Guggenheim (Nov. 11), UBS Global (Nov. 12), Wolfe Research (Nov. 20) and Jefferies (Nov. 21).
Insmed shares were up over 8% in the last five trading days, as seen on the Benzinga Pro chart below, and are up over 140% year-to-date in 2024.
Applied Industrial Technologies (NYSE:AIT): The industrial company was one of several in the sector to see strong interest from readers, which could be related to Donald Trump winning the 2024 election. Industrials were a top performing sector under Trump’s previous four years in the White House.
The company also recently reported first-quarter financial results with earnings per share of $2.36 and revenue of $1.10 billion, beating Street consensus estimates of $2.27 and $1.09 billion respectively. Applied Industrial also increased its fiscal 2025 earnings per share guidance to a range of $9.25 to $10.00, up from prior guidance of $9.20 to $9.95 and ahead of a Street estimate of $9.39.
Analysts raised their price targets on the stock after the quarterly results. The stock was up over 15% in the last five trading days and is up over 50% year-to-date in 2024.
Sprouts Farmers Market (NASDAQ:SFM): The specialty grocery retailer saw strong interest from Benzinga readers during the week, which comes after recent quarterly results and with shares trading at 52-week highs. The company’s third-quarter earnings per share of 91 cents and revenue of $1.90 billion beat Street estimates of 76 cents per share and $1.88 billion respectively.
The company said the third quarter was exceptional and CEO Jack Sinclair highlighted “robust traffic growth.” Same store sales were up 8.4% in the third quarter. The company opened nine new stores, ending the quarter with 428 stores in 23 states.
Goldman Sachs recently maintained a Buy rating on the stock and raised the price target from $127 to $159. Wells Fargo maintained an Equal-Weight rating on the stock and raised the price target from $90 to $130.
The stock was up over 10% over the last five trading days, and shares are up over 190% year-to-date in 2024.
Intuitive Surgical (NASDAQ:ISRG): The medical devices company saw strong interest from readers over the last week, with shares trading at 52-week highs Friday.
The company recently reported third-quarter financial results with revenue of $2.04 billion beating a Street consensus estimate of $2.0 billion and earnings per share of $1.84 beating a Street consensus estimate of $1.63. Intuitive Surgical reported revenue growth of 17% year-over-year in the quarter, with worldwide da Vinci procedures up 18% year-over-year.
The company also placed 379 da Vinci systems in the quarter, up from 312 in the prior quarter. There are 9,539 installed da Vinci surgical systems as of the end of the quarter. Intuitive obtained regulatory clearance for the da Vinci 5 surgical system in South Korea in October.
The earnings report saw several analysts raise their price targets on the stock. Analysts see the company’s updated da Vinci 5 system, which can be used for more types of surgeries as a growth catalyst moving forward. Shares of Intuitive Surgical were up around six percent in the last five days and are up over 60% year-to-date.
Mueller Industries (NYSE:MLI): The industrials company was another in the sector that saw increased interest and a soaring stock price, potential from Trump’s 2024 election win. The company recently reported third-quarter net sales of $997.8 million, beating a Street consensus estimate of $936.0 million and quarterly earnings per share of $1.48, which beat a Street estimate of $1.32. Mueller Industries said the revenue growth came from recently acquired businesses and higher copper prices in the quarter.
“We anticipated that declining interest rates and moderating inflation, combined with the resolution of election related uncertainty, will create a more stable and favorable environment for us,” Mueller CEO Greg Christopher said.
The stock was up 13% over the last five days and is up over 100% year-to-date in 2024.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
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Photo: Benzinga
The holiday season brings joy, family gatherings and sometimes, stress.
For those considering cannabis as a natural way to ease holiday nerves and connect with loved ones, one of Vermont’s largests cannabis brands, Upstate Elevator Supply Co. has introduced the Happy Days and Dreamy Nights THC gummy bundle. With a mix of daytime and nighttime formulas, this set of microdosed gummies offers an option for a balanced, relaxing holiday experience.
See Also: Report: Americans Are Celebrating Traditional Holidays With Cannabis, Spend Millions Doing So
In this guide, we’ll walk you through practical tips from Kelsy Raap, a certified community herbalist and Upstate’s director of outreach and education, on how to incorporate cannabis into your holiday gatherings.
Microdosing 101: How To Start Small
For those trying cannabis edibles for the first time, particularly in a family setting, Raap recommends beginning with a microdose. “Start low,” she advises. “One milligram is a good place to start for somebody that’s never used cannabis or who doesn’t use it regularly.”
Upstate’s gummy pucks are pre-scored into precise 2mg wedges, allowing users to choose a small amount and adjust as needed. For newcomers, Raap suggests staying below 5mg, especially during social gatherings where moderation can make for a smoother experience.
To enhance the benefits while keeping the experience mellow, consider formulas that balance THC with other cannabinoids like CBD, CBG or CBN. “These compounds help balance the THC so that it doesn’t feel quite as altering,” Raap explains. For first-timers, this balance can provide all the therapeutic effects of THC without an overwhelming high.
Easing Holiday Stress: How THC And CBD Work Together
Holiday stress is common, and for many, cannabis offers a natural way to manage it. Raap explains how the combined effects of CBD and THC can support relaxation, each working differently to calm the body and mind.
“CBD, the non-intoxicating component, is great for helping us calm down, for helping sort of ease the mind in a very subtle, gentle way,” she says. THC, on the other hand, can provide a more immediate sense of relaxation at low doses, making it a good choice for those who want to unwind without feeling overly sedated. Even a small amount, about one milligram, can soothe the nervous system and bring a sense of calm.
Microdosing THC, especially in social situations, can also help people take a step back from potentially tense conversations, adding a layer of objectivity. Raap notes that, at low doses, THC “helps us kind of zoom out, pull back, see things from a little bit more of a holistic perspective, and feel a little bit less personally involved in a conflict.” For holiday gatherings where emotions might be heightened, especially after the U.S. elections, this approach can foster a more relaxed and open atmosphere.
Bringing Cannabis To The Family Table: How To Build Comfort And Trust
Cannabis at family occasions is gradually becoming more normalized, and Raap has seen this shift firsthand.
“One of my favorite things is when a customer walks into our store, who’s, you know, 35, 40 years old, and they’re bringing their parents in with them,” she shares. This shift is often met with curiosity and surprise as parents rediscover cannabis, especially in a low-dose, controlled form.
Raap points out that today’s cannabis products come with clear labeling and rigorous testing, which can ease the concerns of older generations. “There’s a lot more trust in the companies now, right? Because everything is tested,” she notes.
For older adults, the transparency of listed ingredients and lab-tested dosages can offer peace of mind. These products are created to help bridge generations, allowing young adults to share the benefits of cannabis with their parents or grandparents in a safe, enjoyable way.
How to Talk Your Family Into Microdosing THC This Holiday Season
Introducing cannabis at family gatherings can be met with hesitation, but Raap offers a straightforward approach. “If a family is happy with the dynamics—if they’re mostly peaceful and calm, if they don’t have any challenges with fighting over politics or religion—then you don’t need it.”
However, for families who find themselves in tense discussions or who want to keep things light, microdosing can be beneficial. “If a family is looking for a tool to help them have less reactivity during the holidays and be less reactive…this is a great tool.”
For those worried about acting unpredictably, Raap reassures, “This isn’t like alcohol, right? You’re not going to make a fool of yourself if you use cannabis; you’re not going to make poor decisions.”
See Also: ‘A Really Nice Entry Point’: Cannabis Microdosing And Who It’s For
When legal concerns come up, Raap suggests focusing on the benefits. “Consider whether you’re looking for the therapeutic application. There are different ways to use cannabis. You can use it therapeutically, you can use it recreationally.”
Quick Tips For First-Time Edible Users
Here are Raap’s top tips for a positive experience:
- Start Low and Go Slow: For beginners, 1-2mg is a good starting point,and 5mg should be the upper limit for those less experienced with THC.
- Balance with CBD: Look for formulas that blend THC with other cannabinoids like CBD to create a balanced effect.
- Be Prepared for Too Much: If you or someone feels “too high,” Raap suggests taking a large dose of CBD, which can help mitigate THC’s psychoactive effects and bring you back to a more comfortable level. “Using a large dose of CBD will mitigate the psychoactivity,” she says.
Beyond The Holidays: A Healthier Alternative To Alcohol
If you’re considering cutting back on alcohol this New Year, cannabis may be a fun, non-alcoholic alternative. “I could still have three or four of these while my friends are drinking their six-pack of beer,” Raap suggests, while pointing at one of Upstate’s THC beverages.
THC allows for a festive mood without the dehydrating, hangover-inducing effects of alcohol, making it an appealing option for those looking to moderate their drinking habits.
THC can also help support mental wellness during the winter months. For those prone to seasonal depression or daily anxiety, Raap recommends a more consistent approach, integrating cannabis into a daily wellness routine.
“For folks that experience anxiety and stress every single day…planning to implement a daily practice with CBD and or low-dose THC is a good idea,” she explains. Microdosing daily or as needed can help build resilience against winter blues.
Will Cannabis Become The New Alcohol At Family Gatherings?
Looking toward the future, Raap says she hopes cannabis will eventually be as accepted as alcohol at family events. “Honestly, I think that alcohol eventually is going to go the way of cigarettes,” she says.
However, she notes that federal legalization would likely be necessary for widespread acceptance. “A lot of people still trust the government, and if the government says it’s bad for you, they believe it,” Raap added.
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Why allow intermediaries to add unnecessary costs when direct relationships can bring quality to the forefront? As supply chains tighten across industries, Red Mesa Science & Refining is pioneering a streamlined approach to bring minor cannabinoids to market.
By bypassing brokers and relying on an efficient, around-the-clock refinement process, Red Mesa aims to reduce costs, ensure product consistency and empower the true stewards of hemp – the growers and refiners themselves.
Jeff Applegate, Red Mesa’s president, puts it simply. “Collaborating directly with qualified, experienced farmers and extractors is essential to keeping costs low and quality high.” It’s a model that prioritizes trust and accountability within every step of the supply chain.
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can’t afford to miss out if you’re serious about the business.
Leverage Instead Of Liability
Applegate detailed how brokers often disrupt the hemp supply chain by imposing additional costs, sometimes up to 15%, which can hinder farmer’s profits and drive up expenses for manufacturers, creating an unsustainable model for both sides.
Red Mesa has strategically positioned itself within the cannabinoid supply chain to minimize intermediaries and maintain competitive production costs. “Keeping production costs low is fundamental to industry success,” Applegate told Benzinga Cannabis in an exclusive interview. “Collaborating directly with farmers and extractors in a cohesive supply chain is essential to keep our cost of input as a leverage instead of a liability.”
“We’re seeing less interference now, but reducing reliance on brokers is essential for a cost-effective system. The farmer and the customer need to be directly tied to one another so the farmer gets a fair return,” he explained.
Not An Easy Crop
Sourcing consistent and affordable raw materials has presented a challenge as the hemp industry matures. Applegate explained that an initial oversupply in 2019 led to a rapid decline in hemp farming as prices plummeted.
“There was an abundance of farmers when the 2018 farm bill was put into place,” he said. “The market, the producers, wasn’t sufficiently equipped to take all of the output that came. Since 2019, we’ve had nothing but a declining number of farmers.”
“It’s not an easy crop to grow at all,” Applegate added, noting that hemp requires extensive processing before it can be used in extraction. This contrasts with the cannabis flower market, where crops can be more directly sold.
Inside Red Mesa
Red Mesa’s facility in Utah was initially a cabinet shop before being repurposed for hemp refinement. With its high power capacity – essential for their machinery – the location proved ideal.
Applegate described how the production process flows from crude oil intake to distillation. This is further refined through crystallization and chromatography. “In distillation, we have the finished product. It’s usually a light yellow to golden color, thicker in viscosity than water, almost syrup-like when warm,” he explained.
Once the distillate undergoes crystallization, Red Mesa is left with a white, fluffy powder—ready for B2B sale. “We didn’t walk across the bridge to become a white labeler or finished goods company,” he said. “Our goal is to create the most coveted, consistent outputs to win the market.”
A Competitive Edge In Minor Cannabinoids
Red Mesa’s botanical, non-synthetic refinement process sets it apart by isolating rare cannabinoids—such as CBN, CBT, and CBL—directly from hemp without chemical conversions.
“Our botanical refining process generates final outputs derived directly from the hemp plant without the use of catalysts and acids required for chemical conversion processes,” Applegate explained.
To achieve this, Red Mesa made substantial investments early on. “To be the first refiner to offer rare minors such as CBN, CBL, and CBT at kilogram scale, we had to make significant investments in large-scale chromatography very early in the company’s history,” Applegate noted.
Read Also: Sold Out Before Hitting Shelves: Why Did AYR Wellness Snatch Up This Local Cannabis Brand?
The Red Mesa Standard: ISO Certification, And FDA Registration
“The Red Mesa Standard” represents a commitment to quality and consistency that Applegate says will set them apart. “We have an end-to-end certification from the beginning of our business to the end,” he said, contrasting this with many industry peers who only certify specific departments. Additionally, Red Mesa voluntarily registers with the FDA as a food ingredient company, even though it’s not required.
24/7
With operations currently running at about 45% of their 50,000-square-foot facility, Red Mesa is poised for growth. “We operate 24 hours a day, seven days a week,” Applegate shared, adding that they gradually scaled up from single-shift days to continuous operation.
Looking forward, Red Mesa plans to enter the Japanese market in 2025 and establish regional distribution hubs to serve global customers.
While growth is a priority, so too is legislative reform.
“The lack of clear rules for cannabinoid production is probably the biggest barrier we’ve seen to adoption. To bring prices down and make cannabinoids more accessible, we need efficient production coupled with thoughtful regulation,” Applegate said.
He emphasized that regulation and cost efficiency will help expand the market by making cannabinoids accessible to a wider consumer base.
Read Next: Think You Can Do It All? 20,000 Reasons Why Automation Outperforms A Broad Approach In Cannabis
Jaunty's CEO Nicolas Guarino knows survival, having led his family through Venezuela's crisis before facing a 99% CBD market crash in the USA.
Ever feel like the CBD market is on autopilot, stuck in a cycle of repetitive products and shrinking profit margins? For cannabis investors, this stuck-on-repeat dynamic has meant intense price pressure and dwindling returns.
Jaunty's CEO Nicolas Guarino knows a thing or two about survival. Before navigating the brutal CBD crash that slashed prices by 99%, he and his family weathered the economic and political upheaval of Chávez-era Venezuela. Now, in an industry dominated by dull uniformity, Guarino has led Jaunty to profitability by leaning into solventless products and creating an accessible, unpretentious brand.
Guarino's journey offers a fresh perspective and a profitable path forward for investors seeking stability in the face of volatility, proving that resilience is an asset that translates across borders and markets.
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can't afford to miss out if you’re serious about the business.
Adiós Chavez!
Guarino's roots are firmly planted in agriculture. He grew up working with water buffalo on family farms in southeastern Venezuela's grassy savannah. Moving to New York for college, he brought with him the ethos of hard work and family ties. This background profoundly shaped his journey into the cannabis industry.
"Our family has always been about getting our hands dirty," Guarino told Benzinga Cannabis in an exclusive interview. "The values I learned back on the farm have been foundational in building Jaunty. It's about understanding the land, the crop, and the entire process, which, in turn, influences our approach to quality cannabis production."
Courtesy of Jaunty
CBD Market Crash And Escape From Commoditization
Entering the CBD space in 2017, Guarino and his team launched Jaunty as a producer and supplier of high-quality CBD oil for manufacturers across the U.S. However as the market became saturated, they quickly encountered the harsh realities of price compression. By 2020, Jaunty saw the price of CBD oil drop to a meager $65 per kilo – a 99% decline from its peak, putting intense pressure on their wholesale business model.
“The CBD space became a game of scale,” Guarino explained. “The Farm Bill's structure supports large-scale production but doesn't leave much room for smaller, quality-focused brands. We were nearly bankrupt, but we couldn't quit. We saw an opening when New York moved towards recreational legalization.”
New York's decision to prioritize licenses for existing CBD operators was a lifeline. Guarino realized that to thrive in the THC market, Jaunty needed a brand that could stand apart, rather than relying on wholesale production alone. "It was clear we had to create a brand that would resonate on quality and effect," he said.
Building Jaunty: It's The Brand, Not Just The Product
When THC legalization got underway in New York, Guarino initially entertained deals with established brands like Old Pal, almost venturing into co-branding and white labeling. But he soon realized that these arrangements would pull Jaunty back into the commodity cycle he had just escaped.
"White labeling is for big facilities, with massive automation," he said. "We don't have that; we have exceptional extraction skills honed over years in CBD. So, we decided to focus on creating our brand rather than becoming just another supplier."
Courtesy of Jaunty
This strategic decision led to the creation of Jaunty's product lines, starting with vapes and expanding to solventless Live Rosin Gummies. By prioritizing brand identity, Jaunty has been able to maintain a competitive edge in a market where differentiation is essential.
The Fam Behind The Brand
Jaunty's operations are more than just a business for Guarino, they are a family effort. He brought in his cousin from Venezuela who is a seasoned logistics expert, to run Jaunty's distribution. His cousin's experience managing 75 poultry trucks across Venezuela in challenging conditions was invaluable.
"With him overseeing our logistics, we are the only company in New York that guarantees delivery within 48 hours," Guarino said. "It's truly a blessing to have someone so experienced managing a crucial part of the business." This expertise has allowed Jaunty to achieve an impressively low 4.3% distribution cost relative to sales, enhancing profitability without sacrificing service quality.
A Few Cost-Effective Strategies
The decision to invest in butane extraction for specific products reflects Jaunty’s calculated approach to innovation. “The full investment for our butane machine setup was around $500,000,” Guarino explained. “But with the right brand presence and strong distribution, we project a return on investment in four to five months."
Jaunty now places a strong emphasis on solventless products, reflecting an industry-wide shift towards purer, more natural cannabis experiences. According to Guarino, solventless extraction is a cost-effective method with high market appeal, particularly since it requires less investment compared to butane-based extraction.
Courtesy of Jaunty
"It's a lower capex approach that lets us offer high-quality products without the heavy initial investment," he said. In addition, by focusing on outdoor-grown cannabis, Jaunty has been able to keep costs low while achieving quality results comparable to indoor-grown products.
A Consumer-Centric Identity
Jaunty aims to create an accessible brand for cannabis users interested in oil-based products, especially those curious about moving from flower or nicotine vaping to cannabis oils.
Unlike many extract-focused brands, which can feel exclusive or elitist, Jaunty's approach is deliberately welcoming. "Too many brands make consumers feel they aren't in the know. Jaunty is here to open up cannabis, not gatekeep it," Guarino said.
This inclusive identity is especially appealing to nicotine vapers exploring cannabis, with Jaunty offering an approachable entry point.
‘The Dab Crowd’
“Most extract-focused brands have a vibe like, ‘If you know, you know.' If you’re not part of the dab crowd, you're not cool enough," he added, highlighting how Jaunty takes the opposite approach by making cannabis feel approachable and not intimidating.
To help new users feel informed, Jaunty prioritizes consumer education, explaining oil types, effects, and product benefits in their packaging and interactions. "We take every opportunity to educate—about oil types, effects, and why you might choose one product over another," Guarino explained.
As they continue to grow, Jaunty is actively learning about its consumer base, even incorporating QR code surveys on packaging to gather direct feedback.
Courtesy of Jaunty
Read Next: $8B Market On The Brink: Texas Senator Calls It ‘Uncontrollable,’ Proposes Erasing Hemp
Paul Giordano, vice president of digital assets at MARA, shared his perspective on the European Union’s upcoming Markets in crypto-assets (MiCA) regulation.
MiCA aims to set clear guidelines for the cryptocurrency industry across the EU. As MiCA nears its December implementation, Giordano expects it to bring challenges and benefits to the region’s crypto market, especially for exchanges and users. Giordano is scheduled to discuss these developments at the upcoming Benzinga Future of Digital Assets event.
Compliance and Standardization
According to Giordano, MiCA is “one of the most comprehensive regulatory frameworks for cryptocurrencies to date,” offering guidelines for exchanges on compliance, risk management, and market practices.
He explained that MiCA will require exchanges to adhere to stringent standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. Although these standards may raise operational costs for some exchanges, Giordano sees them as ultimately beneficial, as they are expected to increase consumer confidence.
“MiCA will require exchanges to meet robust compliance standards, stringent KYC/AML requirements, and details on risks, market practices, and asset functionality,” Giordano said, pointing to the potential for these changes to support a safer and more transparent market for users.
Expanding Market Access
One of the regulation’s key features is its passport system, enabling approved exchanges to operate across all 27 EU countries without needing separate approvals. Giordano views this as a significant advantage for exchanges looking to expand in Europe.
By streamlining access, MiCA’s passporting could help exchanges broaden their customer base and simplify regulatory hurdles. “MiCA includes a passport system, allowing authorized crypto exchanges to operate in all 27 EU countries without needing separate approvals,” he added.
Stablecoin Oversight
In addition to standardizing exchange practices, MiCA will impose stricter rules for stablecoins, which Giordano sees as crucial to maintaining market stability. Under MiCA, stablecoins will be subject to enhanced reserve, governance, and risk management requirements, providing additional oversight to ensure reliability. Giordano believes this will strengthen user trust and further protect the market.
As MiCA’s implementation approaches, Giordano anticipates a more organized and accessible crypto environment in Europe. With new compliance requirements and cross-border exchange access, he expects MiCA to drive changes that enhance user security and market reach.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Image via Freepik
Blockchain technology could redefine traditional financial processes, according to Paul Giordano, vice president of digital assets at MARA.
Giordano, scheduled to speak at the upcoming Benzinga Future of Digital Assets event, emphasized the potential for efficiency in areas such as cross-border payments and transaction clearing.
He also outlined challenges, particularly those posed by the regulatory framework.
Streamlining Financial Operations With Blockchain
Giordano explained that blockchain integration could address long-standing inefficiencies in finance, reducing reliance on intermediaries and thus lowering transaction costs. “Blockchain technology has the potential to increase efficiency in processes like cross-border payments, settlements, and clearing of transactions by bypassing intermediaries and reducing fees,” he said. He noted that by reducing the need for middlemen, blockchain offers a path to quicker, more affordable transactions while increasing security.
Giordano added that blockchain’s transparency and traceability also promise to enhance transaction security. He highlighted the potential for blockchain to foster new products, including asset tokenization, smart contracts, and digital currencies.
Regulatory Complexities Remain A Challenge
Despite its benefits, Giordano acknowledged that regulatory issues present a significant hurdle for blockchain’s integration into traditional finance. He cited several areas where regulatory alignment is essential, including jurisdictional matters, anti-money laundering (AML) requirements, know-your-customer (KYC) standards, and accounting protocols. “To reach its potential, blockchain technologies must solve for regulatory frameworks like complexities around jurisdiction, AML, KYC, and accounting standards,” he explained.
As the industry explores blockchain applications, Giordano believes that meeting these regulatory standards will be necessary to achieve broader adoption in finance. The Benzinga Future of Digital Assets event will serve as a platform for discussions on how blockchain technology can align with traditional finance while navigating regulatory demands.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Image: Reto Scheiwlliier from Pixabay
As blockchain technology moves further into mainstream finance, Anthony Moro, CEO of Provenance Blockchain Labs, calls for regulatory clarity to position the U.S. as a leader in the digital asset arena. Moro, who will speak at the upcoming Benzinga Future of Digital Assets event, discussed the urgent need for updated regulations that directly address blockchain and digital assets.
Congressional Role in Blockchain Policy
Moro noted that while traditional financial regulations remain in place, they often fail to include blockchain terminology or adequately address the technology’s capabilities. “Congress has several critical tasks to tackle to ensure the U.S. regains a leadership role when it comes to Web 3.0, crypto, and blockchain technology,” Moro said.
He highlighted that conflicting standards can hold back blockchain integration, making it essential for Congress to engage with the industry to foster greater regulatory clarity.
Bringing Banks Into Digital Asset Custody
Another regulatory hurdle Moro discussed is the limited role U.S. banks can play in handling digital assets. Moro argued that permitting banks to participate in digital asset custody and transactions would increase blockchain adoption and offer consumers access to more cost-effective and efficient technology.
“This more pro-crypto Congress will be in a position to invite the industry to a productive discussion that leads to regulatory clarity,” he added.
Boosting Access to Blockchain for Institutions and Consumers
Moro’s vision for U.S. leadership in blockchain involves a balanced regulatory framework that supports financial institutions and consumers. He believes this new approach could enable a more inclusive digital asset space, aligning modern blockchain applications with existing structures to maximize efficiency and transparency.
As Moro prepares to expand on these topics at the Benzinga Future of Digital Assets event, he remains optimistic that proactive congressional discussions could propel blockchain technology forward, positioning the U.S. as a global leader in Web 3.0 and digital finance.
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As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Cryptocurrency Photo by CMP_NZ on Shutterstock
Dogecoin (CRYPTO: DOGE) is soaring to new monthly highs, with Donald Trump winning the 2024 presidential election and Elon Musk likely playing a role in the president-elect’s return to the White House.
A Benzinga poll asks readers to pick which Musk-linked company could have the biggest impact on the meme coin’s future.
What Happened: Dogecoin, up 12% to $0.1933 over the last 24 hours, is seeing increased activity likely related to the 2024 election and Musk’s mentioning the Department of Government Efficiency, or D.O.G.E. for short, on Joe Rogan‘s podcast.
Dogecoin was one of the most traded cryptocurrencies Tuesday night and Wednesday morning on Robinhood as investors awaited the 2024 presidential election results, the company said.
Musk is expected to join the incoming Trump administration. In this role, Musk would seek to cut government inefficiencies and unnecessary departments, a role labeled under the D.O.G.E.
“Which Elon Musk company could have the biggest impact on Dogecoin’s future?” Benzinga recently asked its readers.
The results were:
- Twitter/X: 39%
- Tesla Inc (NASDAQ:TSLA): 30%
- SpaceX: 26%
- The Boring Company: 5%
The poll found social media company X, formerly known as Twitter, to be the winner with 39% of the vote. The company was bought by Musk for $44 billion in 2022. The billionaire plans on making X part of his everything app ambitions, which will include payments.
Dogecoin has spiked several times related to Musk’s purchase of Twitter, changing the logo from a bird to the Dogecoin mascot, and news of more payment licenses secured. Having Dogecoin as one of several payment options for X users could provide a boost to the price and use cases of the meme cryptocurrency.
Tesla has allowed users to buy merchandise with Dogecoin in the past and could be making it easier for crypto payments again in the future.
SpaceX and Dogecoin will forever be linked thanks to the DOGE-1 satellite mission to space funded by the cryptocurrency. Musk has also agreed with a user that Dogecoin could be used as a payment option for Starlink users in Brazil to get around frozen bank accounts.
The Boring Company has allowed users to pay for rides with Dogecoin and supported the meme cryptocurrency.
Read Also: Dogecoin Jumps On Election Day: Poll Asks If Trump Or Harris Victory Will Spark 2025 Rally
What’s Next: Dogecoin has been highly volatile around the 2024 election and time will tell if the increased price and interest continue or the meme cryptocurrency sells off after the week.
Dogecoin has traded between $0.1658 and $0.2133 over the last 24-hours, setting new monthly highs late Tuesday night as Trump was leading in the 2024 presidential election.
Over the past year, Dogecoin has traded between $0.07028 and $0.2266. The cryptocurrency hit an all-time high of $0.7376.
Dogecoin’s all-time high and strong 2021 year was likely helped by Musk’s posts on social media and public comments, including an appearance on “Saturday Night Live.”
Musk being friends with Trump and a part of the new administration could increase visibility for Dogecoin and any tie-ins with Musk companies could help the price soar once again.
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The study was conducted by Benzinga from Nov. 4 through Nov. 5, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 97 adults.
Paul Giordano, vice president of digital assets at MARA, recently shared his perspective on the surge of institutional adoption of blockchain ahead of the upcoming Benzinga Future of Digital Assets event.
He highlighted how major players like BlackRock and PayPal are leveraging blockchain technology, a development he believes will profoundly impact the cryptocurrency market.
Institutional Appeal for Blockchain
Giordano attributed the increased interest from large financial institutions to blockchain technology’s growing maturity. According to Giordano, firms like BlackRock have launched blockchain-driven products to address the rising demand for alternative assets, which he said: “help diversify portfolios, increase liquidity and safety, hedge against inflation, and increase risk-adjusted returns.”
He explained that BlackRock’s move to launch a highly successful exchange-traded fund (ETF) demonstrates that demand for such assets is becoming mainstream. PayPal’s use of blockchain further illustrates this shift, Giordano noted, as the payment platform has integrated stablecoins to improve transaction speed and reduce costs.
“Their stablecoin PYUSD is their attempt to lever blockchains,” he said. By utilizing stablecoins, PayPal aims to enhance the efficiency of its payment systems, bringing blockchain closer to everyday transactions.
The Role of Smart Contracts and Tokenization
Another area gaining traction among institutions is tokenization, particularly of real-world assets. Giordano highlighted how these firms explore smart contracts for faster settlements and improved liquidity in various financial operations.
He stated that integrating blockchain and smart contracts aims to ” streamline financial operations” and could reduce price volatility while attracting more institutional interest.
The Path to Broader Adoption
As more established financial entities continue to enter the blockchain space, Giordano believes this could lead to an accelerated regulatory framework and the emergence of new products in decentralized finance (DeFi). He emphasized that these developments “are significantly increasing the legitimacy of crypto assets” and may reshape the financial landscape to improve accessibility and stability.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Image via Unsplash
As blockchain technology continues to make inroads into traditional finance, major institutions are showing renewed interest in adopting decentralized systems.
Ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, Anthony Moro, CEO of Provenance Blockchain Labs, spoke on why firms such as BlackRock and PayPal are increasing their focus on blockchain technology and what this shift could mean for the industry.
A Turning Point for Blockchain Adoption
Moro, who joined Provenance Blockchain Labs in 2022, likens the current wave of blockchain adoption by financial institutions to the transformative era of 1999. At that time, businesses moved their customer experiences online, setting the stage for the digital economy.
He noted this shift allows companies to streamline operations and gain an advantage by removing the need for intermediaries. “In many ways, this is their 1999 moment,” Moro stated. He further emphasized that just as digital integration changed entire industries, those embracing blockchain could set themselves apart from competitors.
Efficiency and Cost Savings
Moro pointed to blockchain’s ability to reduce costs and streamline processes as reasons financial institutions are increasingly drawn to the technology. “Institutions see the material efficiency and cost-savings gained by adopting decentralized blockchain technology,” he explained. By implementing blockchain, companies can simplify their back-office and middle-office operations, achieving efficiency gains that can directly impact profitability.
Building a Competitive Edge
For Moro, embracing blockchain technology is about more than just improving internal processes. It’s also about establishing a competitive position in an industry undergoing rapid change.
“Those who lean into blockchain technology can transform their business and gain a material amount of efficiency while creating a strong competitive advantage over those slower to adopt,” Moro added. As more institutions look to blockchain, he expects the gap to widen between early adopters and those reluctant to change.
As Moro prepares to share more insights at the Benzinga Future of Digital Assets event, he sees this moment as a critical opportunity for financial institutions to modernize their operations through blockchain, setting a course for broader adoption across the industry.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City on Nov. 19 will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Photo by Mehmet Tarik BARAN on Shutterstock
As digital assets continue to gain traction, the U.S. Congress could be on the verge of passing legislation that would reshape the landscape of crypto investments. Ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, Anthony Rousseau, vice president and head of brokerage solutions product management at TradeStation, shared his thoughts on how specific regulatory changes could influence the future of digital assets.
Expanding Financial Institutions’ Role
Rousseau emphasized that legislative support from Congress could enable new investment opportunities and potentially drive wider adoption of digital assets. According to Rousseau, one of the policies to watch is the repeal of SAB 121, which could allow financial institutions to expand their business models. “The repeal of SAB 121… could enable financial institutions to expand their business models more easily and integrate with crypto markets,” he stated. This development could allow more financial institutions to enter the digital asset market, potentially adding stability and liquidity.
Accelerating Payments with Stablecoin Legislation
Rousseau also pointed to the potential impact of the proposed Stablecoin Bill on financial transactions. The bill could enhance payment systems by supporting faster U.S. dollar settlements and introducing 24/7 equity trading. “The Stablecoin Bill… could catalyze innovations in payments and settlements,” Rousseau said, highlighting how this legislation could bring traditional finance closer to the 24-hour accessibility of digital assets.
The BITCOIN Act of 2024
Rousseau sees the BITCOIN Act of 2024 as a crucial development. The proposed legislation aims to establish regulatory standards for digital assets like Bitcoin within the U.S. financial system. It includes provisions for anti-money laundering (AML) protocols and market integrity standards. “The BITCOIN Act of 2024 is a significant proposal,” he explained, potentially providing clearer regulatory guidelines for integrating digital assets into traditional finance.
Rousseau’s perspective reflects the optimism surrounding upcoming U.S. legislation and its potential to transform the role of digital assets in the financial sector. With these developments on the horizon, industry leaders and investors will closely monitor the impact of regulatory changes on market access and adoption.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Photo by CMP_NZ on Shutterstock
On Wednesday, Janover Inc (NASDAQ:JNVR) announced its financial results for the third quarter ended September 30, 2024.
Revenue for the three months ended September 30, 2024, was approximately $619,000, up 6% from the previous year. Revenue increased sequentially by approximately 40%.
Also Read: EXCLUSIVE: Janover Scores New Deal With Real Estate Firm For AI Client Engagement Tools
During fiscal 2024, Janover focused on more considerable loan opportunities, which should increase its average loan size.
With the acquisition of Groundbreaker and the recent launch of Insurtech, an increasing portion of Janover’s total revenue will be recurring revenue, where it will receive annual, quarterly, and monthly subscriptions, as well as yearly insurance premium commissions.
For the quarter ended September 30, 2024, approximately 22% of Janover’s total revenue was recurring revenue compared to 20% Q/Q. The company said it will continue to migrate its revenue to recurring and subscription revenue for the remainder of fiscal 2024 and beyond.
Subscription revenue was approximately $134,000 for the September 30, 2024 quarter, increasing sequentially by approximately 51%. Janover’s annual recurring revenue run rate reached roughly $480,000 for the September 30, 2024 quarter.
ARR increased sequentially by approximately 58%. ARR represents an annualization of its recurring revenue, which assumes a full year of revenue.
Net loss for the three months ended September 30, 2024, was approximately $471,000, a decrease of approximately 70%. Net loss for the three months ended September 30, 2024, decreased sequentially by approximately 41%.
Quarterly Business Highlights:
- Janover Pro: Launched as a matching tool for commercial real estate loans, connecting professionals with over 1,000 lenders, including more than 10% of U.S. banks.
- Janover Insurance Group: Achieved another profitable quarter, with run rate recurring revenue increasing by 89% quarter-over-quarter.
- Janover Engage: Initiated the pilot of an equity marketplace connecting real estate syndicators and over 40,000 accredited investors who have collectively invested more than $1 billion.
- Janover Connect: Rebranded and relaunched as the user-friendly real estate syndication software and investor portal for syndicators and GPs.
- Janover Capital Markets: The debt placement team set a new revenue record for new business revenue in a single quarter.
- Janover AI: Its conversational AI applications are now licensed by two publicly traded companies to enhance operational efficiency.
Janover’s CEO, Blake Janover, highlighted a milestone quarter, noting it as the strongest since their IPO and marking a third consecutive period of simultaneous gains in revenue, net income, cash flow, adjusted EBITDA, and ARR.
Price Action: JNVR stock closed higher by 3.82% at $0.5623 at Tuesday.
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