Halo Collective (OTC:HCANF) Stock, Quote.Headers.trade-ideas

Halo Collective

Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.

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Cannabis company Halo Collective Inc. (NEO: HALO) (OTCPK: HCANF) (FSE: A9K0) reported Tuesday its financial results for the second quarter of 2023 revealing revenue of $3.57 million down by 48.1% lower than in the same period of 2022.

This Weed Company Reports 48% YoY Revenue Decline In Q2, Delists From CBOE

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Halo Collective Inc. (OTC: HCANF) (NEO:HALO) (FSE: A9K0) released its financial results for the fourth quarter of 2022 and first quarter of 2023, revealing revenues for the year ended December 31, 2022, totaled $24.5 million,

Halo Collective FY22 Revenue Declines 32% To $24.5M

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As the Benzinga Cannabis Capital Conference returns to Miami (April 11-12), gathering top CEOs, investors and leaders in the mari

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Green Check (GC), a fintech company focused on the <a href="https://www.benzinga.com/cannabis">cannabis industry</a>, has surpassed $1 billion in monthly cannabis sales deposits during the third quarter of 2024. This milestone reflects GC&#8217;s growing network, which now includes over 170 financial institutions and more than 11,000 cannabis-related businesses (CRBs) across the U.S.
<h3 class="wp-block-heading">Broader Financial Network</h3>
In addition to its financial growth, Green Check has expanded its reach by bringing new financial institution clients on board in nine additional states. The company continues to address the need for <a href="https://www.benzinga.com/topic/cannabis-banking">banking and financial services in the cannabis sector</a>, where many businesses struggle to find compliant solutions.
&#8220;We're excited about what we've accomplished this quarter and the opportunities ahead,&#8221; <a href="https://www.globenewswire.com/news-release/2024/10/08/2959808/0/en/Green-Check-Surpasses-1-Billion-in-Monthly-Cannabis-Sales-Deposits-for-Financial-Institutions-Marking-Record-Growth-in-Q3-2024.html">said</a> Kevin Hart, founder and CEO of Green Check. The company's recent growth points to increasing demand for financial institutions that can work with cannabis businesses in a legally compliant way.
<h3 class="wp-block-heading">Strengthening Cannabis Business Lending Options</h3>
Green Check has also <a href="https://www.benzinga.com/markets/cannabis/24/09/40711617/money-doesnt-grow-on-trees-but-it-helps-grow-your-cannabis-business-new-partnership-expands-acce">formed partnerships with companies like CTrust and Coda Capital</a> to offer expanded lending options for cannabis businesses. It has further collaborated with The North American Companies Council to create a cannabis-specific <a href="https://www.benzinga.com/money/what-is-a-401k">401(k) program</a>, providing financial planning options for industry employees.
<h3 class="wp-block-heading">Improving Data Insights For CRBs</h3>
To help cannabis businesses manage their operations, Green Check has enhanced its platform with features like Green Check Access, an API that aggregates data from various sources to provide more actionable insights. The company has also launched services aimed at helping <a href="https://www.benzinga.com/markets/cannabis/24/09/40998570/exclusive-how-green-check-is-helping-indigenous-cannabis-businesses-get-the-banking-they-need">CRBs on Indigenous lands access banking solutions</a>, an area that has historically been underserved.
Kevin Hart will be a featured speaker at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a>, which is going on in Chicago, IL as we speak. This event will provide further understanding of the changing cannabis financial landscape and Green Check&#8217;s solutions.
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Benchmark analyst Matthew Harrigan maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Buy and lowers the price target from $65 to $43.

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On Monday, Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), a fintech platform company including mortgage, real estate, and other financial service businesses, named former Venmo Chief Technology Officer and former PayPal technology executive Papanii Okai as the Executive Vice President (EVP) of Product Engineering, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41210984/rocket-companies-names-venmo-chief-technology-officer-former-paypal-executive-papanii-okai-evp-of-" rel="noreferrer noopener">effective&nbsp;October 7</a>.
Venmo is a subsidiary of PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>). Venmo is a mobile payment service founded in 2009 and owned by PayPal since 2013.
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Okai will work to create AI-driven products at an even greater velocity in this newly created role.
Okai&#8217;s hiring&nbsp;is the latest in a string of executive team additions since&nbsp;Varun Krishna&nbsp;became CEO about a year ago. Krishna has invested in&nbsp;artificial intelligence&nbsp;(AI) to transform <a target="_blank" href="https://www.benzinga.com/news/23/07/33471750/rocket-companies-stock-gains-after-new-ceo-announcement-the-details" rel="noreferrer noopener">the homeownership journey</a>.
Before joining Rocket, Okai spent nearly 11 years leading technology teams at Venmo, with his last position as Chief Technology Officer and Vice President of Engineering.
He led the technology and engineering teams that built and scaled products used by Venmo&#8217;s 90 million users. He also led engineering teams at&nbsp;PayPal, serving over 400 million accounts.&nbsp;
Okai will collaborate closely with engineers, product managers and design teams to build upon Rocket&#8217;s AI-powered products. His leadership will ensure that Rocket continues to deliver technically advanced, client-focused solutions that drive innovation and efficiency at every stage of the home buying process.
The company says with more than 65 million call logs each year and 10 petabytes of data, Rocket Companies is well positioned to be the destination for AI-fueled homeownership.
Price Action: RKT stock is up 1.03% at $17.69&nbsp;at the last check on Tuesday.
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Rocket Mortgage Parent Appoints Former Venmo Exec Papanii Okai To Lead AI-Driven Products

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<a href="https://ppubs.uspto.gov/dirsearch-public/print/downloadBasicPdf/12108928?requestToken=eyJzdWIiOiI0N2NmZDc2OC05MjVlLTQzM2ItOGUyNi0xZjQyNDYxMDIyN2EiLCJ2ZXIiOiI1ZTZlZjY4OC1jYjkwLTQ1MWQtYWRmZS1kYTViYTA4MTRlY2UiLCJleHAiOjB9" title="https://ppubs.uspto.gov/dirsearch-public/print/downloadBasicPdf/12108928?requestToken=eyJzdWIiOiI0N2NmZDc2OC05MjVlLTQzM2ItOGUyNi0xZjQyNDYxMDIyN2EiLCJ2ZXIiOiI1ZTZlZjY4OC1jYjkwLTQ1MWQtYWRmZS1kYTViYTA4MTRlY2UiLCJleHAiOjB9">https://ppubs.uspto.gov/dirsearch-public/print/downloadBasicPdf/12108928?requestToken=eyJzdWIiOiI0N2NmZDc2OC05MjVlLTQzM2ItOGUyNi0xZjQyNDYxMDIyN2EiLCJ2ZXIiOiI1ZTZlZjY4OC1jYjkwLTQ1MWQtYWRmZS1kYTViYTA4MTRlY2UiLCJleHAiOjB9</a>

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Jim Cramer just reaffirmed his bullish stance on Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and the timing couldn't be more perfect. The stock has just formed a Golden Cross, a powerful technical indicator that suggests brighter days ahead for <a href="https://www.benzinga.com/quote/SHOP/news">the e-commerce giant.</a>
For those unfamiliar, a Golden Cross occurs when a stock's short-term moving average crosses above its long-term moving average—a classic sign that the bulls are ready to charge.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM.png" alt="" class="wp-image-585793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
In a recent segment on CNBC&#8217;s Mad Money, Cramer didn't mince words. &#8220;I think Shopify is at a great level to buy. Harvey Finkelstein is doing a terrific job, and the stock should be perfect,&#8221; <a href="https://www.insidermonkey.com/blog/jim-cramer-recommends-buying-shopify-shop-thinks-management-is-doing-terrific-job-1368733/">he</a> said.
This comes as no surprise, given Shopify's strong performance. Over the past month, the stock has soared 20.56%; year-to-date it&#8217;s up 11.26%. But what's even more impressive is its 53.50% rise in the past year.
Read Also: <a href="https://www.benzinga.com//node/41206375">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a>
<h2 class="wp-block-heading">Shopify Stock Has Made A Golden Cross</h2>
Traders and analysts are buzzing about Shopify&#8217;s current stock performance.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM.png" alt="" class="wp-image-585803" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
With Shopify&#8217;s stock price sitting at $80.86, it&#8217;s comfortably above its 50-day simple moving average of $72.34 and its 200-day moving average of $71.82. Combined with its eight-day and 20-day averages, these indicators also show bullish signals and strongly suggest that the momentum is on Shopify's side.
Even Wall Street is heaping praise on Shopify. Goldman Sachs <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings" target="_blank" rel="noopener">recently upgraded Shopify</a> to a Buy, while JPMorgan and BofA have also endorsed the stock, citing its product breadth, ease of use, and scale as key advantages.
<h2 class="wp-block-heading">Shopify&#8217;s Q2 Knocked It Out of the Park</h2>
If you're wondering why analysts and investors are so bullish, look at Shopify's stunning Q2 results. Free cash flow skyrocketed by 240% to $333 million, while revenue jumped by 21% year-over-year. Even though GMV growth slowed slightly, the company still raked in a massive $67.2 billion in gross merchandise volume.
With third-quarter revenue expected to grow in the low-to-mid 20% range, it's no wonder Shopify is being touted as a &#8220;best of breed&#8221; stock. Sure, the forward P/E ratio is hovering near 60, but with EPS growth expectations of 43%, Shopify's lofty valuation looks justified.
<h2 class="wp-block-heading">Cramer + Golden Cross = Winning Combination For Shopify Stock</h2>
Cramer's bullish call, backed by Shopify's Golden Cross and strong fundamentals, could be a winning combination.
The stock's technical setup, combined with Wall Street&#8217;s vote of confidence, makes Shopify a name to watch as we head into 2025. 
Investors looking for the next big move might find it here. Shopify isn't just crossing averages—it's crossing into new territory.
Read Next: 
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Chainlink's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) price has decreased 4.62% over the past 24 hours to $11.06, continuing its downward trend over the past week of -3.0%, moving from $11.53 to its current price. 
The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728399783_0.png" alt="price_chart" />
The trading volume for the coin has increased 2.0% over the past week. while the overall circulating supply of the coin has decreased 0.66% This puts its current circulating supply at an estimated 62.68% of its max supply, which is 1.00 billion. The current market cap ranking for LINK is #18 at $6.92 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728399783_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Pepe's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) price has decreased 9.48% over the past 24 hours to $0.000010, continuing its downward trend over the past week of -8.0%, moving from $0.000011 to its current price. 
The chart below compares the price movement and volatility for Pepe over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728399774_0.png" alt="price_chart" />
The trading volume for the coin has increased 15.0% over the past week. while the overall circulating supply of the coin has decreased 0.36% This puts its current circulating supply at an estimated 100.0% of its max supply, which is 420.69 trillion. The current market cap ranking for PEPE is #29 at $4.05 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728399774_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Halo Collective (OTC:HCANF) Stock, Quote.Headers.trade-ideas