Acreage Holdings (OTC:ACRHF) Stock, Quote.Headers.trade-ideas

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.

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Cannabis

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ACRHF

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

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CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

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Ohio recreational marijuana sales soar past $44M as demand remains high. Columbus dispensaries see strong growth, with no slowdown in sight.

Ohio&#39;s Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing

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Entertainment

CSE:TRUL

TRUL

&#34;I got marijuana legal in Ohio,&#34; Afroman said. &#34;I want to thank all the people that supported and stayed down like four flat tires.&#34;

&#39;I Got Marijuana Legal In Ohio&#39; Says Rapper Afroman Toasting Fellow Ohioans With Pink And Gold Goblet

ohio weed sales copy

Government

Ohio rec marijuana sales reach $38.5 million in first 12 days, with daily averages increasing by 114%. Neighboring states also contribute to success.

Smoke Much Weed, Ohio? $38.5M In First Two Weeks Of Adult-Use Sales, Including Medical Marijuana

ACREAGE HLDG CL E SUB VTG by Acreage Holdings Inc.

Acreage Holdings Inc

Morgan Stanley analyst Erin Wright downgrades Elanco Animal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) from Overweight to Equal-Weight and lowers the price target from $17 to $15.

Downgrades

Price Target

Analyst Ratings

ELAN

Morgan Stanley Downgrades Elanco Animal Health to Equal-Weight, Lowers Price Target to $15

Morgan Stanley analyst Tejas Savant initiates coverage on Myriad Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) with a Equal-Weight rating and announces Price Target of $32.

Initiation

MYGN

Morgan Stanley Initiates Coverage On Myriad Genetics with Equal-Weight Rating, Announces Price Target of $32

Needham analyst Laura Martin reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Buy and maintains $260 price target.

Reiteration

AAPL

Needham Reiterates Buy on Apple, Maintains $260 Price Target

Legal

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

Maxeon Solar Received Notification From US Customs & Border Protection Determined To Exclude The Company's Performance Line And IBC Modules From Import Due To Certain Documentary Deficiencies

Needham analyst Mayank Tandon maintains SS&amp;C Techs Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>) with a Buy and raises the price target from $81 to $90.

SSNC

Needham Maintains Buy on SS&C Techs Hldgs, Raises Price Target to $90

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noco-noco Says Remain Optimistic In Regard To The Carbon Credit Market Opportunities; Expands Battery Assets To Develop A Smart Battery System

Goldman Sachs analyst Will Nance maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Neutral and maintains $69 price target.

PYPL

Goldman Sachs Maintains Neutral on PayPal Holdings, Maintains $69 Price Target

To support its vision, it is introducing a leasing model designed to maximize battery lifespan, from initial use in mobility solutions to secondary applications in power charging stations and data centers.&nbsp;
As part of the 3DOM Alliance Group, it has secured over 40 battery-related patents globally, including those related to securitization, carbon credit leasing, and degradation billing. It is currently negotiating exclusive rights to deploy these patents in key markets.

noco-noco Releases Letter To Shareholders Announcing Business Restart Plan To Drive Growth; Plans Introducing Leasing Model Designed To Maximize Battery Lifespan

Needham analyst David Saxon reiterates Staar Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) with a Hold.

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Needham Reiterates Hold on Staar Surgical

B of A Securities analyst Nafeesa Gupta initiates coverage on Coursera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) with a Buy rating and announces Price Target of $11.

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B of A Securities Initiates Coverage On Coursera with Buy Rating, Announces Price Target of $11

The briefing will discuss how&nbsp;Russia,&nbsp;China&nbsp;and others have displaced&nbsp;the United States&nbsp;as the global leaders in uranium enrichment &ndash; and what it will take to re-establish America&#39;s domestic supply chain.&nbsp;

Centrus Energy Plans To Host A Special Briefing On Capitol Hill To Outline The Path Forward

This acquisition is expected to be the first transaction of its newly initiated growth strategy to buy and build companies in the sports and casino technology industry and other synergistic companies

Gaming

General

Signing Day Sports Signed A Binding Term Sheet To Acquire 95-99% Of Shares Of Dear Cashmere Group Holding Company, Doing Business As Swifty Global, A Sports And Casino Technologies Company, In An All-Stock Deal

HC Wainwright &amp; Co. analyst Emily Bodnar maintains BriaCell Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCTX#NASDAQ">BCTX</a>) with a Buy and lowers the price target from $18 to $15.

BCTX

HC Wainwright & Co. Maintains Buy on BriaCell Therapeutics, Lowers Price Target to $15

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was up by 4.15% during Thursday&#8217;s premarket after announcing the launch of more than 100 new open-source AI models and introduced a text-to-video generation tool.
What Happened: The new models, named Qwen 2.5, are designed for various applications, including automotive, gaming, and scientific research. They feature enhanced capabilities in mathematics and coding, Alibaba stated, CNBC <a href="https://www.cnbc.com/2024/09/19/alibaba-launches-over-100-new-ai-models-releases-text-to-video-generation.html">reported</a> on Thursday.
At the time of writing, Alibaba was trading at $87.92 while it closed at $84.42 on Wednesday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
These models are open-source, allowing global researchers, academics, and companies to utilize them without needing to train their own systems, saving time and costs. Alibaba aims to increase the adoption of its AI by making these models accessible.
The company also upgraded its proprietary flagship model, Qwen-Max, which is sold through its cloud computing services. Alibaba claims Qwen-Max 2.5-Max outperforms competitors like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and OpenAI in reasoning and language comprehension.
See Also: <a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oracle&#8217;s Larry Ellison Predicts Police Officers Will Be Supervised &#8216;At All Times&#8217; And Citizens Will Be On Their Best Behavior Thanks To Constant AI-Powered Surveillance</a>
Additionally, Alibaba introduced a text-to-video tool that generates videos from user prompts, similar to OpenAI&#8217;s Sora. CEO Eddie Wu emphasized the company&#8217;s strong investment in AI research and global infrastructure development.
Why It Matters: Alibaba has been aggressively expanding its AI capabilities to rival major players like Microsoft and Amazon.com. According to Derek Yan, Senior Investment Strategist at KraneShares, the company is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40840625/exclusive-ai-to-turbocharge-alibabas-cloud-in-bid-to-rival-microsoft-amazon-says-st">leveraging generative AI</a> to enhance customer service, sales, and marketing, potentially leading to significant operational savings.
Earlier this month, Alibaba launched a new AI-powered sourcing tool aimed at simplifying the sourcing process for American buyers, despite ongoing tensions between Beijing and Washington. This move is part of its <a href="https://www.benzinga.com/news/24/09/40744024/alibaba-boosts-us-expansion-with-new-ai-sourcing-tool-despite-festering-tensions-between-beijing-and">broader strategy to expand</a> its U.S. footprint.
Additionally, Alibaba recently introduced an<a href="https://www.benzinga.com/markets/equities/24/09/40847464/alibaba-dropped-the-ai-powered-english-version-of-taobao-in-this-country-app-quickly-soars-to-th"> AI-powered English version</a> of its Taobao app in Singapore. This update has significantly boosted the app&#8217;s popularity, making it the top shopping app in the country.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

WIIM

Pre-Market Outlook

Tech

BABA

Alibaba Shares Rise 4% In Premarket After Company Unveils Over 100 New AI Models And Text-To-Video Tool

He Succeeds Michael Fiddelke, Target&#39;s Chief Operating Officer. &nbsp;

Management

Target Names Jim Lee As CFO And A Member Of Its Leadership Team Effective Sept. 22

HC Wainwright &amp; Co. analyst Emily Bodnar maintains Purple Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPBT#NASDAQ">PPBT</a>) with a Buy and lowers the price target from $10 to $8.

PPBT

HC Wainwright & Co. Maintains Buy on Purple Biotech, Lowers Price Target to $8

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) with a Buy and maintains $18 price target.

ROIV

HC Wainwright & Co. Reiterates Buy on Roivant Sciences, Maintains $18 Price Target

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher premarket Thursday. The company secured a 25-megawatt (MW) order for its proton exchange membrane (PEM) electrolyzer systems from oil companies BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) and Iberdrola S.A.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IBDSF#OTC">IBDSF</a>) <a target="_blank" href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Contracts-with-bp-and-Iberdrola-Joint-Venture-to-Supply-25-MW-of-PEM-Electrolyzers-for-bps-Castelln-Refinery-Project-in-Valencia-Spain/default.aspx" rel="noreferrer noopener">joint </a>venture, Castellón Green Hydrogen S.L.
The project will use five 5 MW containerized PEM electrolyzers to decarbonize BP&#8217;s Castellón refinery in Valencia, Spain and is expected to reduce CO2 emissions by 23,000 tons annually.
Plug&#8217;s electrolyzers will be deployed in a project led by BP and Iberdrola to produce green hydrogen, replacing a portion of the refinery&#8217;s current gray hydrogen, which is generated from natural gas.
This partnership with BP marks the start of a long-term collaboration to decarbonize operations, with potential expansion up to 2 gigawatts of electrolysis capacity.
Plug CEO Andy Marsh said, &#8220;The selection of Plug&#8217;s technology for this project serves as a clear example of our established industry expertise and proven technology.&#8221;
&#8220;Industry experts have highlighted the immense market potential for green hydrogen in Europe as being a key factor for reaching European Union decarbonization targets. This presents a significant opportunity for Plug, and we have the market knowledge and technology readily available to make a substantial impact.&#8221;
This month, Plug Power won a contract to support 25 MW of PEM electrolyzers for H2DRIVEN&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40834851/plug-power-secures-contract-with-h2driven-for-25-mw-electrolyzers-enhancing-green-methanol-proje" rel="noreferrer noopener">green methanol project in Portugal</a>.
The contract will provide Technical Evaluation Phase support for 25 megawatts of Proton Exchange Membrane Electrolyzers during the Front End Engineering Design process for a green methanol project in Portugal.
Apart from this, the company received a $10 million grant from the U.S. Department of Energy to scale its HYPER-Fuel project, which focuses on advanced hydrogen refueling infrastructure&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40735452/whats-going-on-with-plug-power-stock-today" rel="noreferrer noopener">for medium and heavy-duty vehicles</a>.
This funding is part of the DOE&#8217;s $62 million investment in 20 projects across 15 states to advance next-generation clean hydrogen technologies.
Investors can gain access to the stock via&nbsp;Global X Hydrogen ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Price Action: PLUG shares are up 5.24% at $2.21 premarket at the last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/08/40288778/plug-power-misses-q2-revenues-analysts-focus-on-electrolyzer-deployments-the-bar-was-set-low" target="_blank" rel="noreferrer noopener">Plug Power Misses Q2 Revenues, Analysts Focus On Electrolyzer Deployments: &#8216;The Bar Was Set Low&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Small Cap

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ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

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PLUG

Why Is Plug Power Stock Surging Premarket On Thursday?

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates 4D Molecular Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) with a Buy and maintains $36 price target.

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HC Wainwright & Co. Reiterates Buy on 4D Molecular Therapeutics, Maintains $36 Price Target

TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) extended its sales and purchase agreement (SPA) with CNOOC by an additional five years.
Under the agreement, the company will continue delivering 1.25 million tons of liquified natural gas (<a target="_blank" href="https://totalenergies.com/news/press-releases/long-term-lng-sales-china-totalenergies-will-supply-125-million-tons-year-cnooc" rel="noreferrer noopener">LNG</a>) annually to China, now extending the contract until 2034.
Gregory Joffroy, Senior Vice President, LNG at TotalEnergies said, &#8220;We are pleased to strengthen our ties with CNOOC, a key partner for the Company in the world&#8217;s largest LNG importing country. This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices.&#8221;
On Wednesday, TotalEnergies inked a 10-year deal with BOTAŞ for 1.1 million tons of LNG annually, starting in 2027. The agreement secures long-term sales in Türkiye and reduces <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40919924/totalenergies-expands-in-turkey-with-long-term-lng-agreement" rel="noreferrer noopener">exposure to spot gas price fluctuations</a>.
Apart from this, the company formed a 50/50 joint venture with Adani Green for a 1,150 MW solar project in Gujarat, India. TotalEnergies will invest $444 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40681721/totalenergies-invests-in-indian-solar-projects-forms-jv-with-adani-green-energy" rel="noreferrer noopener">boosting its renewable energy strategy</a>.
Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MVPA#NYSE">MVPA</a>) and&nbsp;Octane All-Cap Value Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCTA#NASDAQ">OCTA</a>).
Price Action: TTE shares are up 2.65% at $69.84 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/40932786" target="_blank" rel="noreferrer noopener">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a></li>
</ul>

Large Cap

MVPA

OCTA

TotalEnergies Extends LNG Deal With CNOOC

Marijuana rescheduling decision is imminent, anti-cannabis group says

BTIG sees "murky" road ahead for cannabis reclassification

Acreage Holdings reports Q1 results

Canopy Growth: Another Ugly Cannabis Report

New York YTD cannabis sales to top $200M by June

Acreage names Rebecca Kirk as COO

Cannabis stocks slip as House committee clears bill against marijuana rescheduling

Acreage Holdings GAAP EPS of -$0.18, revenue of $39M

Cannabis stocks on watch as DEA sets hearing on marijuana rescheduling

Acreage amended and restated credit agreement

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Press Releases

Acreage Celebrates Launch of Adult-Use Sales at Vernon, Connecticut Dispensary

Earnings

Acreage Reports Fourth Quarter and Full Year 2023 Financial Results

Acreage Reports First Quarter 2024 Financial Results

Acreage Announces Corporate Transactions

Acreage Enters into US$10MM Private Placement

Financing

Acreage Announces Completion of US$10 Million Private Placement

Acreage Announces Appointment of Rebecca Kirk as Chief Operating Officer

Acreage Commences Non-Medical Cannabis Sales in Ohio

Acreage Reports Second Quarter 2024 Financial Results

Offerings

Acreage Enters into Amended and Restated Credit Agreement

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CSE:ACRG-BU

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CSE:ACRG.B.U

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Acreage Holdings

Acreage Holdings (ACRHF) Forecast

Acreage Holdings (OTC:ACRHF) Stock, Quote.Headers.trade-ideas