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Metalite Resources Inc Ordinary Shares

Kevin O'Leary is quite blunt when it comes to giving important advice, especially when it concerns business and money. While the "Shark Tank" host has doled out plenty of advice over the years, he follows it himself too, and is known for his frugal lifestyle.
Be it expensive coffee or sandwiches, O'Leary follows these five things in his life so he does not waste his money.
<h3 class="wp-block-heading">1. No Expensive Dates</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1-1024x585.jpg" alt="" class="wp-image-339512" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095542/Kevin-1-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a date &#x7C; Photo generated using Dall-E</figcaption></figure>
Perhaps this is easier said than done at times, but O'Leary does not like expensive dates. Instead, he wants people to look at dating as an investment.
"You're going to spend money and you're going to spend time [on dates], so look at that significant other in the context of, ‘Do I want to spend time with them?' And, ‘Do I want to invest money in them?&#8217;" he <a href="https://www.cnbc.com/2018/06/25/kevin-oleary-how-to-decide-what-to-spend-on-a-date.html">said</a> in a CNBC interview.
<h3 class="wp-block-heading">2. No Expensive Coffee</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1-1024x585.jpg" alt="" class="wp-image-339514" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095608/Kevin-2-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a person making coffee &#x7C; Photo generated using Dall-E</figcaption></figure>
O'Leary thinks it is "such a waste of money" to buy expensive coffee that costs $2.50 to purchase but "about 18 cents" to make.
"I drink coffee, one cup every morning. It costs about 18 cents to make it, and I invest the rest," he <a href="https://www.youtube.com/watch?v=56XYThTXgOQ">said</a> in another interview on CNBC.
<h3 class="wp-block-heading">3. Not Buying $15 Sandwiches</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3-1024x585.jpg" alt="" class="wp-image-339516" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095628/Kevin-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a person making a sandwich &#x7C; Photo generated using Dall-E</figcaption></figure>
O'Leary is not a big fan of spending too much on eating out – he thinks spending $15 on sandwiches makes no sense for something that costs 99 cents to make at home.
"You know, you go to work, you spend 15 bucks on a sandwich. What are you an idiot?" he <a href="https://www.tiktok.com/@kevinolearytv/video/7275123149476252971?lang=en">said</a> in a TikTok video.
<h3 class="wp-block-heading">4. No Fast Fashion</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4-1024x585.jpg" alt="" class="wp-image-339519" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095644/Kevin-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a closet full of suits &#x7C; Photo generated using Dall-E</figcaption></figure>
O'Leary thinks spending too much on clothes is another big source of throwing money down the drain.
"If you actually look at your closet, you probably wear the same 20% 80% of the time, and the rest of the stuff you bought is wasted," said O'Leary in an interview with Entrepreneur.
He added that he has 20 suits and carries four of them with him – he wears them out before buying new ones, which helps him not waste money.
<h3 class="wp-block-heading">5. Not Buying Things You Don't Need</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5-1024x585.jpg" alt="" class="wp-image-339520" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15095712/Kevin-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a person reading a book &#x7C; Photo generated using Dall-E</figcaption></figure>
Another important factor to keep in mind while buying things is asking yourself, "Do I really need this?" says O'Leary.
"So, I don't buy a lot of crap. I buy good stuff that I need and I invest the rest."
Photo courtesy: Flickr

News

Personal Finance

5 Things Shark Tank's Kevin O'Leary Does Not Waste His Money On And You Shouldn't, Either

Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) reported quarterly losses of $(1.80) per share which beat the analyst consensus estimate of $(2.25) by 20 percent. This is a 58.33 percent increase over losses of $(4.32) per share from the same period last year. The company reported quarterly sales of $13.162 million which missed the analyst consensus estimate of $15.720 million by 16.27 percent. This is a 180.22 percent increase over sales of $4.697 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Xos Q1 2024 GAAP EPS $(1.80) Beats $(2.25) Estimate, Sales $13.162M Miss $15.720M Estimate

Did you know that 40% of all food in the United States ends up in the trash? And guess what? Nearly half of that comes from our very own kitchens. Yes, we&#8217;re all a bit guilty of messing up portion sizes, cooking too much and then letting those leftovers linger in the fridge until they&#8217;re no longer recognizable. But let's switch things up.
Here are five clever ways to tackle those leftovers and cut down on food waste.
<h3 class="wp-block-heading">1. Plan to Have Leftovers</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051030/leftover-food-recycling-3-1024x576.jpeg" alt="When you're planning meals, think about what the extras can become. Image: Dall-E 3" class="wp-image-336658" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051030/leftover-food-recycling-3-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051030/leftover-food-recycling-3-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051030/leftover-food-recycling-3-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051030/leftover-food-recycling-3.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">When you're planning meals, think about what the extras can become. Image: Dall-E 3</figcaption></figure>
When you&#8217;re whipping up your next meal, think a step ahead. Making double the veggies or rice isn&#8217;t just about having leftovers, it's also about setting yourself up for an easy meal later. Imagine turning last night's roast chicken into today's chicken salad sandwich. Or how about freezing half of tonight&#8217;s rice for a quick stir-fry next week? You&#8217;re not just saving food, you&#8217;re also saving time and money in the process.
<h3 class="wp-block-heading">2. Get Smart About Storage</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14052226/leftover-food-recycling-5-1024x576.jpeg" alt="Glass containers are not just reusable; they let you see what's inside without even opening them. Image: Dall-E 3" class="wp-image-336682" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14052226/leftover-food-recycling-5-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14052226/leftover-food-recycling-5-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14052226/leftover-food-recycling-5-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14052226/leftover-food-recycling-5.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Glass containers are not just reusable; they let you see what's inside without even opening them. Image: Dall-E 3</figcaption></figure>
Ever lost a container of leftovers in the back of the fridge? Consider switching to glass containers. They&#8217;re better for the planet, and you can actually see what's inside without opening the lid. And for freezing, grab some zip-top bags, label them with what&#8217;s inside and the date, and you'll make your life a whole lot easier.
<h3 class="wp-block-heading">3. Declare a Leftover Night</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051610/leftover-food-recycling-4-1024x576.jpeg" alt="Discipline yourself to commit to eating down the fridge one night a week. Image: Dall-E 3" class="wp-image-336669" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051610/leftover-food-recycling-4-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051610/leftover-food-recycling-4-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051610/leftover-food-recycling-4-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051610/leftover-food-recycling-4.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Discipline yourself to commit to eating down the fridge one night a week. Image: Dall-E 3</figcaption></figure>
Is your fridge starting to look like a food museum? Pick one night a week and dedicate it to eating up all those leftovers. Call it the &#8220;Fridge Clean-Out Feast&#8221; or whatever fun name you like. It's like a culinary challenge in your own kitchen!
<h3 class="wp-block-heading">4. Lunch Transformation</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051719/leftover-food-recycling-1-1024x576.jpeg" alt="Stash a lunch-able portion of dinner in a container and pack it for lunch the next day. Image: Dall-E 3" class="wp-image-336673" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051719/leftover-food-recycling-1-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051719/leftover-food-recycling-1-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051719/leftover-food-recycling-1-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051719/leftover-food-recycling-1.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Stash a good portion of dinner in a container and pack it for lunch the next day. Image: Dall-E 3</figcaption></figure>
Turn dinner&#8217;s extras into tomorrow's lunch. It's a no-brainer way to save some cash and eat healthier. Packing up a portion of tonight's dinner means you've got a homemade meal ready to go for lunch at work. No extra cooking is required — just scoop, store, and enjoy the next day!
<h3 class="wp-block-heading">5. Rethink Your Leftovers</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051830/leftover-food-recycling-2-1024x576.jpeg" alt="Try and see leftovers from the lens of a chef and use them as ingredients in your next meal. Image: Dall-E 3" class="wp-image-336674" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051830/leftover-food-recycling-2-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051830/leftover-food-recycling-2-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051830/leftover-food-recycling-2-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14051830/leftover-food-recycling-2.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">See leftovers from the lens of a chef and use them as ingredients in your next meal. Image: Dall-E 3</figcaption></figure>
Don't see your leftovers as just reheated meals. Those extra noodles? They're the base of a killer new frittata. Got some veggies hanging around? Whip them into a vibrant pasta sauce with a can of tomatoes. Or roll last night's rice and chicken into a burrito, add a dollop of sour cream and some salsa, and bam! You've got yourself a new meal.

Health Care

General

Back Of The Fridge Treasures: 5 Ways To Transform Leftovers And Feel Good About Reducing Food Waste

Adult actress Stormy Daniels is a key person in the criminal trial alleging former President Donald Trump<a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i"> falsified business records.</a>
Daniels said she wants to see justice play out and Trump to be held accountable. If he's found not guilty, she might be ready to leave the country.
What Happened: Even though she is<a href="https://www.benzinga.com/general/politics/24/05/38687167/stormy-daniels-wants-trump-to-be-held-accountable-go-to-jail-former-presidents-lawyers-call-for-"> done testifying in the criminal trial</a>, Daniels is still closely watching the result of the jury trial against Trump.
Daniels' husband Barrett Blade was recently interviewed by CNN and shared that the duo might be leaving the U.S. if Trump receives a not guilty verdict from the jury.
"Either way, I don't think it gets better for her. I think if it's not guilty, we got to decide what to do. Good chance we'll probably vacate this country," Blade <a href="https://www.cnn.com/videos/politics/2024/05/15/barrett-blade-stormy-daniels-husband-trump-trial-ebof-hnk-digvid.cnn">told </a>CNN's "OutFront" Tuesday, as <a href="https://nypost.com/2024/05/15/us-news/stormy-daniels-husband-says-theyll-likely-leave-us-if-trump-is-found-not-guilty/">shared </a>by the New York Post.
Blade, who is an adult film star like Daniels, said his wife, whose real name is Stephanie Clifford, suffered from Trump supporters&#8217; hate and it would likely continue regardless of the verdict.
"I know that we would like to get on with our lives. I know that she wants to move past this. We just want to do what I guess you'd say normal people get to do in some aspects but I don't know if that ever will be, you know, and it breaks my heart."
Related Link: <a href="https://www.benzinga.com/general/politics/24/05/38749159/stormy-daniels-says-she-never-asked-for-money-in-trump-hush-money-case-former-president-declares">Stormy Daniels Says She &#8216;Never Asked For Money&#8217; In Trump Hush Money Case, Former President Declares He&#8217;s &#8216;So Innocent&#8217;</a>
Why It's Important: Daniels was one of the key witnesses in the trial and could help the prosecution prove that hush money payments were made to her to silence her ahead of the 2016 presidential election.
It was revealed after Daniels' testimony that she wore a bulletproof vest while arriving at court out of fear.
"She was paralyzed with fear — not taking the stand or telling her story, but [of] what some nut might do to her," Daniels' lawyer Clark Brewster <a href="https://www.cnn.com/2024/05/13/politics/video/stormy-daniels-bulletproof-vest-clark-brewster-trump-hush-money-trial-ac360-digvid?cid=ios_app">told </a>CNN.
Daniels could remain a key figure in the case after the verdict is read and likely won&#8217;t be able to live a normal life in the U.S. for some time.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President&#8217;s Fate</a>
Photo: <a href="https://www.shutterstock.com/g/Pixels+Hunter">Pixels Hunter</a> via Shutterstock

Politics

Legal

Stormy Daniels Could Leave US If Trump Found Not Guilty: 'I Don't Think It Gets Better For Her'

Guidance

ZTO Express (Cayman) Reiterates That Its Parcel Volume For 2024 Is Expected To Increase 15% - 18% Y/Y

Vaccinex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCNX#NASDAQ">VCNX</a>) reported quarterly losses of $(2.94) per share. The company reported $104.00 thousand in sales this quarter. This is a 81.09 percent decrease over sales of $550.00 thousand the same period last year.

VCNX

Vaccinex Q1 EPS $(2.94), Sales $104.00K Down From $550.00K YoY

Medicine Man Technologies, Inc., operating as Schwazze (OTC: <a class="ticker" href="https://www.benzinga.com/stock/shwz#OTC">SHWZ</a>),&nbsp;announced its financial results for the first quarter ended March 31, 2024.
Schwazze&#39;s interim CEO, Forrest Hoffmaster, <a href="https://ir.schwazze.com/news-releases/news-release-details/schwazze-announces-first-quarter-2024-financial-results">commented</a> on the results.&nbsp;&quot;We delivered another period of <a href="https://www.benzinga.com/markets/cannabis/24/03/37987400/schwazze-reports-slight-revenue-drop-in-q4-2023-amid-fierce-competition-in-cannabis-retail-secto">revenue growth</a> in Q1 as we further refined our retail strategy while contending with the prolonged competitive challenges in Colorado and New Mexico.&quot;
<h3>Operational And Strategic Developments</h3>
Schwazze has focused on enhancing its <a href="https://www.benzinga.com/topic/retail-cannabis">retail and wholesale strategies</a>, including pricing, promotions&nbsp;and improving the in-store experience. The company reported that its <a href="https://www.benzinga.com/topic/colorado-cannabis">Colorado sales</a> were down 10% year-over-year due to lower volumes, but overall sales were up 9%, outperforming the market.
In <a href="https://www.benzinga.com/topic/new-mexico-cannabis">New Mexico</a>, despite the rapid increase in store counts, the company concentrated on high-<a href="https://www.benzinga.com/topic/cannabis-branding">quality products and customer experience</a>, leading to strong performance.
&quot;Over the past four years we have rapidly scaled our footprint through 13 acquisitions, building a leading retail presence in both Colorado and New Mexico. We believe these initiatives, coupled with our operating playbook and strict cost controls, will enable us to return to stronger levels of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38254223/marijuana-investors-bet-big-on-long-term-growth-over-short-term-earnings-as-market-">profitability moving forward</a>,&quot;&nbsp;Hoffmaster noted.
<h3>Key Financial Metrics</h3>
<ul>
<li>Total Revenue: $41.6 million in Q1 2024, up 4% from $40.0 million in Q1 2023.</li>
<li>Gross Profit: $17.9 million (43.1% of total revenue) in Q1 2024, down from $21.8 million (54.6% of total revenue) in Q1 2023.</li>
<li>Income (loss) from Operations: Loss of $2.7 million in Q1 2024, compared to income of $5.6 million in Q1 2023.</li>
<li>Net Loss: $16.1 million in Q1 2024, compared to net income of $1.7 million in Q1 2023.</li>
<li>Adjusted EBITDA: $7.3 million in Q1 2024, down from $14.5 million in Q1 2023.</li>
<li>Operating Cash Flow: Negative $3.7 million in Q1 2024, compared to negative $0.88 million in Q1 2023.</li>
<li>Operating Expenses: $20.6 million in Q1 2024, up from $16.2 million in Q1 2023.</li>
</ul>
<h3>Financial Position</h3>
As of March 31, 2024, Schwazze reported cash and cash equivalents of $13.2 million, down from $19.2 million on December 31, 2023. Total debt increased to $159.7 million from $156.8 million during the same period.
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Recent Operational Highlights</h3>
<ul>
<li>Expansion: Opened a new dispensary under the Everest Apothecary banner in Las Cruces, New Mexico, increasing its retail footprint to 34 stores.</li>
<li>Wholesale Growth: Achieved over 30% door penetration in Colorado and New Mexico.</li>
<li>Product Performance: Lowell Herb Co. pre-roll sales increased more than threefold quarter-over-quarter in Colorado, and Wana gummy sales doubled in New Mexico.</li>
</ul>
Photo: AI-Generated Image.&nbsp;

Cannabis

Penny Stocks

Markets

SHWZ

Schwazze's Q1 2024 Financial Results: Takes A Hit In Colorado, Overall Cannabis Sales Up By 9%

DADA

Dada Nexus Q1 Adj Earnings Per ADS $(0.10) Misses $(0.03) Estimate

SPIR

Spire Global Cuts FY24 Revenue Outlook From $138M-$148M To $122M-$132M, Est $141.758M; Adj EPS From $(0.24) - $0.11 To  $(1.11) - $(0.70), Est $(1.50)

Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) reported quarterly sales of $353.45 million which missed the analyst consensus estimate of $374.79 million by 5.69 percent. This is a 6.10 percent decrease over sales of $376.42 million the same period last year.

Dada Nexus Q1 Sales $353.45M Miss $374.79M Estimate

cbdMD, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ycbd#NYSE">YCBD</a>) announced its financial results for the second quarter of fiscal 2024, ending March 31, 2024. Despite an increase in operational losses from $1.4 million in Q2 fiscal 2023 to $1.5 million in Q2 fiscal 2024, management remains optimistic.
&quot;Transformation is not always linear, and while our second fiscal quarter 2024 results <a href="https://www.benzinga.com/markets/cannabis/24/02/37127483/cbdmd-reports-yoy-dip-in-q1-net-sales-shrinks-operating-loss-expands-into-hemp-and-mushroom-prod">fell short of our ambitions</a>, we believe the operational changes we&#39;ve enacted are set to propel us forward,&quot;&nbsp;Ronan Kennedy, CEO &amp; CFO of cbdMD, <a href="https://feeds.issuerdirect.com/news-release.html?newsid=6464791004038358">stated</a>.
<h3>Cost-Cutting Measures And Financial Projections</h3>
cbdMD reported implementing cost-cutting measures projected to save approximately $2.4 million annually by August, including staff reductions, renegotiated vendor contracts&nbsp;and consolidation operations to save $0.6 million per quarter.
These efforts aim to position the company for positive cash flow in upcoming quarters.
&quot;Our shareholders have spoken: profitability is imperative. Their input has further fueled our commitment to making tough yet crucial decisions, setting us up for success by the fiscal year&#39;s end,&quot;&nbsp;Kennedy added.
<h3>Key Financial Metrics</h3>
<ul>
<li>Net Sales: $4.4 million for Q2 fiscal 2024, down 30% from $6.2 million in Q2 fiscal 2023. For the six months ended March 2024, net sales were $9.8 million, down from $12.3 million in the prior year period.</li>
<li>Net Loss: $4.0 million, or $1.35 per share, in Q2 fiscal 2024, compared to $2.3 million, or $1.74 per share, in Q2 fiscal 2023, largely due to a $1.4 million non-cash contingency liability increase.</li>
<li>Gross Profit: 59% in Q2 fiscal 2024, compared to 64% in Q2 fiscal 2023, impacted by a $0.44 million credit issued to a wholesale customer.</li>
<li>Wholesale Net Sales: $0.75 million in Q2 fiscal 2024, down 44% from $1.3 million in Q2 fiscal 2023.</li>
<li>Working Capital: $3.2 million (excluding accrued preferred dividend) and $2.1 million cash on hand at March 31, 2024, compared to $4.1 million working capital and $1.8 million cash on hand at September 30, 2023.</li>
</ul>
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Outlook And Future Prospects</h3>
cbdMD is optimistic about revenue growth in the third fiscal quarter of 2024, expecting it to surpass the March 2024 quarter. The company&#39;s ATRx Platinum line&#39;s national rollout at GNC is seen as a key growth driver, expanding its <a href="https://www.benzinga.com/markets/cannabis/24/01/36696919/medical-cannabis-co-expands-into-national-grocery-chain-cbdmds-gummies-hit-shelves-at-sprouts-fa">market presence</a> into<a href="https://www.benzinga.com/markets/cannabis/24/02/36932523/medical-cannabis-pioneer-cbdmd-secures-1-2m-to-fund-rollout-of-functional-mushroom-products"> functional mushrooms</a>.
Photo: AI-Generated Image.&nbsp;

Emerging Markets

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YCBD

cbdMD's Financial Results: Cost-Cutting Measures For Positive Cash Flow Amid Increasing Losses

ZTO Express (Cayman) Q1 Adjusted Earnings Per ADS $0.37 Beats $0.33 Estimate, Sales $1.38B Beat $1.29B Estimate

Leading e-commerce company Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) showed off its Prime Video streaming platform during the recent <a href="https://www.benzinga.com/news/24/05/38853050/amazons-upfront-presentation-highlights-strong-push-into-movies-and-sports-advertising-analyst">upfront presentation for advertisers.</a>
While the company highlighted upcoming movies and television series, an emphasis was also put on game shows.
What Happened: Amazon Prime Video has one of the<a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con"> largest content libraries </a>when it comes to streaming platforms and the library will continue to grow with new shows and movies.
Amazon announced several upcoming series that should have game show fans excited.
Prime Video is getting a new version of one of the most well-known game shows of all time. "Pop Culture Jeopardy!" marks the first spin-off of the game show for a major streaming service, according to <a href="https://variety.com/2024/tv/news/jeopardy-pop-culture-trivia-spinoff-amazon-prime-video-1236001709/">Variety</a>.
A sports version and rock and roll version of Jeopardy! previously aired on other networks. This new show will combine elements of both.
From Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), the new series will focus on film, television, music and sports, according to the report.
Differing from the original "Jeopardy!" the new version could feature teams based on comments from Amazon.
"With a team-based approach and pop-culture focus, our global Prime Video customers will exclusively experience this innovative spin on Jeopardy! while testing their knowledge on topics that both define and transcend generations," Amazon MGM Studios' Head of AVOD originals unscripted and targeted programming Lauren Anderson said.
No host has been announced for "Pop Culture Jeopardy!"
Amazon also <a href="https://variety.com/2024/tv/news/nick-cannon-jb-smoove-game-shows-amazon-prime-video-1236001801/">announced </a>"Buy It Now" and "Wish List Games," two new game shows that will tie in the Amazon.com e-commerce platform.
JB Smoove will host "Buy It Now" and Nick Cannon will serve as host of "Wish List Games."
On "Buy It Now," entrepreneurs will try to convince a live studio audience of 100 people and a panel of business experts that their items should be added to Amazon.
"Wish List Games" will see contestants playing for the chance to win items on their Amazon wish list.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">Amazon Q1 Earnings Highlights: Revenue Beat, EPS Beat, AWS Hits $100-Billion Annual Run Rate And More</a>
Why It's Important: Amazon's bet on game shows could help cross-promote its e-commerce platform while also building the content library and chance for advertising partners.
"With the chance to win cash, prizes, or simply notoriety, competition and game series are the ultimate wish fulfillment," Anderson said, as shared by Variety.
The new game show announcements follow Amazon previously announcing a new updated version of "Are You Smarter Than A 5th Grader?" Titled "Are You Smarter Than a Celebrity?" the new Prime Video game show <a href="https://www.benzinga.com/general/entertainment/24/03/37872731/will-travis-kelce-be-able-to-balance-nfl-career-taylor-swift-romance-and-an-amazon-prime-sh">will be hosted by </a>NFL star Travis Kelce.
Amazon announced this week that celebrities on the game show will include comedians Natasha Leggero, Nicole Byer, Nikki Glaser and Ron Funches. Former NFL players Chad Ochocinco and Ryan Fitzpatrick will also appear on the game show.
Prime Video will also be the home of "Beast Games," a <a href="https://www.benzinga.com/general/entertainment/24/03/37809533/mrbeast-confirms-beast-games-on-amazon-prime-video-with-1-000-contestants-5m-prize-its-gonn">new game show</a> from content creator and YouTube superstar MrBeast, aka Jimmy Donaldson.
&#8220;Big news gamers I&#8217;m going to be filming the largest game show in history and releasing it on Prime Video! Over 1,000 contestants, $5,000,000 prize, and many other world records,&#8221; MrBeast&nbsp;<a href="https://twitter.com/MrBeast/status/1769741243339141413" target="_blank" rel="noreferrer noopener">said</a>.
MrBeast said the show would be the largest in game show history with the most contestants, biggest sets and biggest cash prize. The YouTuber said the streaming show will be around 20x his normal videos.
A first episode or what MrBeast called episode 0.5/prelude, will air on YouTube first before the series airs on Prime Video.
&#8220;I need everyone to watch it. I just want people to enjoy it.&#8221;
While Amazon doesn't break out the number of Prime Video subscribers it has, the segment remains a key growth focus as it has often helped with growing Amazon Prime subscriptions. Increased monetization efforts by placing ads on Prime Video could also be supported with the new show launches.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/01/36662662/amazon-scores-big-with-regional-sports-network-deal-prime-video-to-feature-mlb-nba-nhl-game">Amazon Scores Big With Regional Sports Network Deal: Prime Video To Feature MLB, NBA, NHL Games</a>
Photo: MrBeast by Nick Rewind via <a href="https://commons.wikimedia.org/wiki/File:MrBeast_KCA2023_103.jpg">Wikimedia</a> Commons

Entertainment

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AMZN

Sony Group Corporation American Depositary Shares

SONY

Amazon Betting On Game Shows For Streaming Growth: MrBeast, Travis Kelce, Pop Culture Jeopardy And More

Meta Platforms Inc. CEO <a href="https://www.benzinga.com/news/24/05/38807484/mark-zuckerberg-turns-40-in-style-as-meta-ceo-reportedly-celebrates-birthday-party-on-300m-superyach">Mark Zuckerberg </a><a href="https://www.benzinga.com/news/24/05/38807484/mark-zuckerberg-turns-40-in-style-as-meta-ceo-reportedly-celebrates-birthday-party-on-300m-superyach">turned 40 years old</a> on Tuesday, spending half his life shaping how the world connects on social networks. This has also helped catapult himself amongst the richest people in the world, shooting up his wealth to $168 billion, according to the Bloomberg Billionaires Index.
Zuckerberg launched Facebook from his dorm room in 2004. Since then, he has transformed it from a social network to a trillion-dollar company with interests in bleeding-edge technology like artificial intelligence (AI.)
On his 40th birthday, Zuckerberg <a href="https://www.instagram.com/p/C69aOWwO4nM">recalled</a> his eight favorite memories, as he looked forward to his future.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38814718/happy-40-zuckerberg-if-you-invested-1000-in-meta-platforms-stock-when-mark-zuckerberg-turned-30-">Happy 40, Zuckerberg! If You Invested $1000 In Meta Platforms Stock When Mark Zuckerberg Turned 30, Here&#8217;s How Much You&#8217;d Have</a>
<h3 class="wp-block-heading">1. His Childhood Bedroom</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="946" height="614" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082919/Zuckerberg-1.jpg" alt="" class="wp-image-339294" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082919/Zuckerberg-1.jpg 946w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082919/Zuckerberg-1-300x195.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082919/Zuckerberg-1-768x498.jpg 768w" sizes="(max-width: 946px) 100vw, 946px" /><figcaption class="wp-element-caption">Zuckerberg in his childhood room &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Perhaps one of Zuckerberg's favorite memories is his childhood bedroom where he grew up and learned to code, setting the tone for the rest of his life.
<h3 class="wp-block-heading">2. Harvard Dorm Room With Bill Gates</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="942" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082957/Zuckerberg-2.jpg" alt="" class="wp-image-339296" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082957/Zuckerberg-2.jpg 942w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082957/Zuckerberg-2-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15082957/Zuckerberg-2-768x493.jpg 768w" sizes="(max-width: 942px) 100vw, 942px" /><figcaption class="wp-element-caption">Zuckerberg with Bill Gates in his Harvard dorm room &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Zuckerberg showed off his Harvard dorm room where he launched Facebook. Bill Gates was a special guest, according to Zuckerberg, and the two recreated that launch day yet again.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<h3 class="wp-block-heading">3. His First Apartment With Just A Mattress</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="943" height="607" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083033/Zuckerberg-3.jpg" alt="" class="wp-image-339299" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083033/Zuckerberg-3.jpg 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083033/Zuckerberg-3-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083033/Zuckerberg-3-768x494.jpg 768w" sizes="(max-width: 943px) 100vw, 943px" /><figcaption class="wp-element-caption">Zuckerberg in his apartment &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Zuckerberg shared a photo of his first apartment which only had a mattress. He lived here until Facebook reached 100 million users.
<h3 class="wp-block-heading">4. ‘Office Lockdown'</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="940" height="607" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083053/Zuckerberg-4.jpg" alt="" class="wp-image-339300" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083053/Zuckerberg-4.jpg 940w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083053/Zuckerberg-4-300x194.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083053/Zuckerberg-4-768x496.jpg 768w" sizes="(max-width: 940px) 100vw, 940px" /><figcaption class="wp-element-caption">Zuckerberg in the Facebook Lockdown room &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Another key part of Facebook, and Zuckerberg&#8217;s life was the "Office Lockdown" space where they would devise strategies to fend off competition.
<h3 class="wp-block-heading">5. Pinocchio's Pizzeria</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="943" height="607" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083122/Zuckerberg-5.jpg" alt="" class="wp-image-339301" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083122/Zuckerberg-5.jpg 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083122/Zuckerberg-5-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083122/Zuckerberg-5-768x494.jpg 768w" sizes="(max-width: 943px) 100vw, 943px" /><figcaption class="wp-element-caption">Zuckerberg at Pinocchio&#8217;s Pizzeria &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Pinocchio's Pizzeria is the place where Zuckerberg "basically lived in college." He orders a steak-and-cheese sub and Sicilian-style cheese pizza here.
<h3 class="wp-block-heading">6. Showing His Childhood Room To His Children</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="945" height="608" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083141/Zuckerberg-6.jpg" alt="" class="wp-image-339302" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083141/Zuckerberg-6.jpg 945w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083141/Zuckerberg-6-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083141/Zuckerberg-6-768x494.jpg 768w" sizes="(max-width: 945px) 100vw, 945px" /><figcaption class="wp-element-caption">Zuckerberg showing his childhood room to his children &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Another one of Zuckerberg's favorite memories is showing off his childhood room to his children, giving them a glimpse into their father's early life.
<h3 class="wp-block-heading">7. Grateful About His Birthday Celebrations</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="944" height="607" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083203/Zuckerberg-7.jpg" alt="" class="wp-image-339305" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083203/Zuckerberg-7.jpg 944w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083203/Zuckerberg-7-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083203/Zuckerberg-7-768x494.jpg 768w" sizes="(max-width: 944px) 100vw, 944px" /><figcaption class="wp-element-caption">Zuckerberg at his 40th birthday party &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Zuckerberg also thanked people who "traveled from all around the world" to celebrate his 40th birthday.
<h3 class="wp-block-heading">8. A Video Montage</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="613" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083227/Zuckerberg-8.jpg" alt="" class="wp-image-339306" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083227/Zuckerberg-8.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083227/Zuckerberg-8-300x193.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15083227/Zuckerberg-8-768x495.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">Zuckerberg&#8217;s video montage &#x7C; Screenshot courtesy: Mark Zuckerberg</figcaption></figure>
Lastly, Zuckerberg shared a video montage created by some of his "favorite people," showing his life from a child to his mixed martial arts training and more.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38757169/rich-dad-poor-dad-author-robert-kiyosaki-shares-6-tips-to-survive-economic-depres">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Shares 6 Tips To Survive Economic Depression And &#8216;Get Rich&#8217;</a>
Photo courtesy: Shutterstock

Social Media

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Mark Zuckerberg Recalls His Childhood And Facebook's Early Days, Shares Top 8 Memories On His 40th Birthday

Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) reported quarterly losses of $(0.26) per share. This is a 55.93 percent increase over losses of $(0.59) per share from the same period last year. The company reported quarterly sales of $1.079 million which missed the analyst consensus estimate of $1.200 million by 10.08 percent.

BNZI

Banzai International Q1 2024 GAAP EPS $(0.26) Up From $(0.59) YoY, Sales $1.079M Miss $1.200M Estimate

The 2034 senior notes were offered at a price to the public of&nbsp;98.778%&nbsp;of par.

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MPLX

MPLX Prices $1.65B Of 5.50% Senior Notes Due 2034 In Public Offering

TSRI

Trading Halt: Halt status updated at 5:55:00 PM ET: Quotation Resumption: News and Resumption Times

Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) reported quarterly Adj losses of $(1.63) per share which missed the analyst consensus estimate of $(0.44) by 270.45 percent. The company reported quarterly sales of $270.586 million which missed the analyst consensus estimate of $273.774 million by 1.16 percent. This is a 8.48 percent decrease over sales of $295.656 million the same period last year.

GORV

Lazydays Hldgs Q1 2024 Adj EPS $(1.63) Misses $(0.44) Estimate, Sales $270.586M Miss $273.774M Estimate

CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) reported quarterly earnings of $0.01 per share. This is a 87.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $19.08 million in sales this quarter. This is a 13.33 percent decrease over sales of $22.02 million the same period last year.

CPI Aerostructures Q1 EPS $0.01 Down From $0.08 YoY, Sales $19.08M Down From $22.02M YoY

Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) reported quarterly losses of $(4.27) per share. The company reported $258.81 million in sales this quarter. This is a 5.41 percent decrease over sales of $273.62 million the same period last year.