Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on the health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Silo Wellness

Eastman Kodak Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kodk#NYSE">KODK</a>) shares are trading higher Friday, possibly on continued momentum after the company was granted a U.S. patent for a low volume gravure inking system on Tuesday.
Eastman Kodak was up 1.65% at $7.38&nbsp;last check Friday.
<img alt="kodkdaily7-30-21.png" src="https://www.benzinga.com/files/u285825/kodkdaily7-30-21.png" style="height:400px; width:640px" />
<h3>Eastman Kodak Daily Chart Analysis</h3>
<ul>
<li>The stock looks to be trading in what technical traders call a pennant pattern that could see a breakout in the next couple months.</li>
<li>The stock trades below both the 50-day moving average (green)&nbsp;and the 200-day moving average (blue), indicating sentiment in the stock has been bearish.</li>
<li>Each of these moving averages may hold as an area of resistance.</li>
<li>The price has been hanging around pattern support and has always seen a bounce off it in the past.</li>
<li>The Relative Strength Index (RSI) might be making a turn and has been moving higher. The RSI was trading near the oversold area, but moved up to 42 meaning more buyers have been moving into the stock although the stock has more sellers.</li>
&nbsp;
</ul>
<h3>What&rsquo;s Next For Eastman Kodak?</h3>
Bullish traders are looking to see the stock form higher lows in the pattern. Eventually bulls would like to see the stock breakout of pattern resistance and make a strong move higher.
Bearish traders would like to see the stock fall and break below the pattern support. A strong bearish push may follow a break of pattern support.

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MicroStrategy Incorporated&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) just reported its best second-quarter financial results in six years, MicroStrategy CEO Michael Saylor said Friday on CNBC&#39;s &quot;Squawk On The Street.&quot;
What Happened: MicroStrategy announced quarterly earnings of $1.72 per share, which beat the estimate of $1.03 per share. The company reported quarterly revenue of $125.35 million, which beat the estimate of $120.45 million.&nbsp;
Saylor told CNBC that&nbsp;MicroStrategy&nbsp;beat estimates on the top and bottom line as a result of the company&#39;s&nbsp;organic growth. He attributed the better-than-expected&nbsp;quarter to the &quot;laser-like focus of the company on business intelligence.&quot;
The Bitcoin Effect: Bitcoin (CRYPTO: BTC) has &quot;elevated our band by a factor of 100,&quot; Saylor told CNBC.
MicroStrategy announced that it acquired more than 13,000 Bitcoins for $529 million in the second quarter. The company said it plans to continue to acquire more Bitcoin moving forward.
Related Link:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22246824/why-does-bitcoins-price-fluctuate-crypto-expert-weighs-in">Why Does Bitcoin&#39;s Price Fluctuate? Crypto Expert Weighs In</a>
Bitcoin is &quot;digital real estate,&quot; Saylor said, adding&nbsp;it&#39;s better than normal real estate because of its scarcity,&nbsp;tax benefits and ability to move it around.&nbsp;
MicroStrategy took on $2.2 billion in debt in order to buy Bitcoin.
Saylor told CNBC that the company pays about 1.5% interest on its debt. &quot;Being a leveraged Bitcoin long company is a good thing for our shareholders,&quot; he said.&nbsp;&quot;If I could borrow $1 billion and buy Facebook, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) a decade ago for 1% interest, I think I would have done quite well.&quot;
Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) created digital books, Facebook created digital communications, Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) created digital music and Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) created digital retail, Saylor said, adding that Bitcoin is a digital property on an open monetary network.&nbsp;
Bitcoin is &quot;the most broadly held financial asset in the history of the world,&quot; he told CNBC.&nbsp;&quot;It takes time to fully grasp the implications of something so profound.&quot;
Price Action: At last check Friday, MicroStrategy was up 0.16% at $626.01 and Bitcoin was up 0.56% at $40,258.30.
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<h3>Gainers</h3>
<ul>
<li>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares moved upwards by 2.45% to $88.15 during Friday's after-market session. At the close, First Solar's trading volume reached 116.2K shares. This is 5.56% of its average volume over the last 100 days. The company's market cap stands at $9.3 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Nxt-ID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTD#NASDAQ">NXTD</a>) shares rose 2.13% to $0.78. Trading volume for this security closed at 360.4K, accounting for 9.71% of its average full-day volume over the last 100 days. The company's market cap stands at $41.3 million. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) shares increased by 1.96% to $2.6. The market value of their outstanding shares is at $82.2 million. </li>
<li>Red Cat Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares rose 1.58% to $3.2. The market value of their outstanding shares is at $108.3 million. </li>
<li>Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock increased by 1.17% to $19.75. Pure Storage's trading volume hit 361.7K shares by close, accounting for 7.92% of its average volume over the last 100 days. The market value of their outstanding shares is at $5.5 billion. </li>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) shares rose 0.97% to $1.04. The company's market cap stands at $116.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares fell 6.53% to $7.74 during Friday's after-market session. At the close, Marin Software's trading volume reached 829.6K shares. This is 3.48% of its average volume over the last 100 days. The market value of their outstanding shares is at $84.8 million. The company's, Q2 earnings came out today. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) stock fell 3.69% to $17.0. The market value of their outstanding shares is at $391.6 million. </li>
<li>Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) shares declined by 3.13% to $6.2. The market value of their outstanding shares is at $50.5 million. </li>
<li>Socket Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCKT#NASDAQ">SCKT</a>) shares fell 2.11% to $6.5. The company's market cap stands at $46.3 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares decreased by 1.84% to $31.0. The company's market cap stands at $3.5 billion. </li>
<li>eGain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGAN#NASDAQ">EGAN</a>) stock declined by 1.46% to $11.5. The company's market cap stands at $357.6 million. </li>
</ul>

Movers

ATOM

BLIN

EGAN

FSLR

INPX

MRIN

NXTD

PSTG

RCAT

REFR

SCKT

12 Information Technology Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Akerna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KERN#NASDAQ">KERN</a>) shares rose 4.66% to $3.59 during Friday's after-market session. The market value of their outstanding shares is at $90.5 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock rose 2.14% to $2.62. This security traded at a volume of 179.8K shares come close, making up 1.11% of its average volume over the last 100 days. The company's market cap stands at $490.2 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares moved upwards by 1.19% to $2.55. The market value of their outstanding shares is at $157.9 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Blade Air Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>) shares rose 1.04% to $7.75. The market value of their outstanding shares is at $536.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sigma Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLB#NASDAQ">SGLB</a>) stock declined by 1.79% to $3.31 during Friday's after-market session. The market value of their outstanding shares is at $34.7 million. </li>
<li>RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) stock fell 1.43% to $4.14. The company's market cap stands at $45.9 million. </li>
<li>Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) stock fell 1.32% to $146.4. This security traded at a volume of 53.0K shares come close, making up 4.09% of its average volume over the last 100 days. The market value of their outstanding shares is at $61.7 billion. As per the news, the Q2 earnings report came out 3 days ago. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) stock decreased by 1.29% to $7.69. The company's market cap stands at $354.7 million. </li>
<li>ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) shares decreased by 1.25% to $10.35. At the close, ADT's trading volume reached 621.2K shares. This is 20.64% of its average volume over the last 100 days. The company's market cap stands at $8.5 billion. </li>
<li>NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares fell 1.17% to $9.76. At the close, NOW's trading volume reached 152.7K shares. This is 22.39% of its average volume over the last 100 days. The company's market cap stands at $1.0 billion. </li>
</ul>

BLDE

DNOW

KERN

RCMT

SGLB

WATT

10 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>OneSmart Intl Edu Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONE#NYSE">ONE</a>) shares increased by 2.03% to $0.53 during Friday's after-market session. The company's market cap stands at $85.6 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock increased by 1.82% to $163.5. Trading volume for this security closed at 132.1K, accounting for 2.22% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $12.1 billion. </li>
<li>Lordstown Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) stock moved upwards by 1.6% to $6.34. Trading volume for this security closed at 179.0K, accounting for 1.51% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) stock rose 1.58% to $29.57. At the close, Gap's trading volume reached 538.7K shares. This is 8.41% of its average volume over the last 100 days. The market value of their outstanding shares is at $11.1 billion. </li>
<li>Allied Esports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AESE#NASDAQ">AESE</a>) shares moved upwards by 1.01% to $2.0. The market value of their outstanding shares is at $78.2 million. </li>
<li>Moxian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOXC#NASDAQ">MOXC</a>) shares rose 1.0% to $18.02. The market value of their outstanding shares is at $348.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Elite Education Gr Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock fell 4.89% to $3.7 during Friday's after-market session. The market value of their outstanding shares is at $32.6 million. </li>
<li>Esports Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock fell 3.26% to $22.0. The company's market cap stands at $287.0 million. </li>
<li>Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) shares declined by 2.53% to $0.59. The market value of their outstanding shares is at $99.3 million. </li>
<li>Arcimoto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>) stock fell 1.83% to $16.05. The market value of their outstanding shares is at $574.3 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock declined by 1.66% to $27.92. The company's market cap stands at $936.8 million. </li>
<li>Puxin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEW#NYSE">NEW</a>) stock fell 1.46% to $0.68. The market value of their outstanding shares is at $59.3 million. </li>
</ul>

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Lordstown Motors Corp. - Class A Common Stock

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12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>NanoVibronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) shares moved upwards by 4.8% to $2.62 during Friday's after-market session. Today's trading volume for this security ended up closing at 681.8K shares, which is 6.76 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $63.1 million. </li>
<li>Harpoon Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HARP#NASDAQ">HARP</a>) stock increased by 4.69% to $10.25. Today's trading volume for this security ended up closing at 103.8K shares, which is 23.8 percent of its average volume over the last 100 days. The company's market cap stands at $333.3 million. </li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) stock moved upwards by 3.16% to $16.29. This security traded at a volume of 148.5K shares come close, making up 16.46% of its average volume over the last 100 days. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Dynatronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares rose 2.89% to $1.42. The market value of their outstanding shares is at $24.6 million. </li>
<li>Gritstone Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares increased by 2.54% to $6.85. The market value of their outstanding shares is at $337.0 million. </li>
<li>Cassava Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) shares increased by 2.4% to $71.2. This security traded at a volume of 93.0K shares come close, making up 3.16% of its average volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Erytech Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERYP#NASDAQ">ERYP</a>) stock decreased by 5.34% to $6.03 during Friday's after-market session. Erytech Pharma's trading volume hit 121.2K shares by close, accounting for 325.45% of its average volume over the last 100 days. The market value of their outstanding shares is at $159.2 million. </li>
<li>China SXT Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) stock fell 3.21% to $1.21. The market value of their outstanding shares is at $18.7 million. </li>
<li>Medigus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGS#NASDAQ">MDGS</a>) stock decreased by 2.96% to $1.64. The company's market cap stands at $38.9 million. </li>
<li>TCR2 Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRR#NASDAQ">TCRR</a>) shares decreased by 2.58% to $12.12. The company's market cap stands at $462.5 million. </li>
<li>Solid Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDB#NASDAQ">SLDB</a>) shares fell 2.51% to $2.72. The company's market cap stands at $300.0 million. </li>
<li>Brainstorm Cell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCLI#NASDAQ">BCLI</a>) shares declined by 2.49% to $3.93. The company's market cap stands at $142.7 million. </li>
</ul>

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DYNT

ERYP

GRTS

HARP

MDGS

NAOV

NKTR

SAVA

SLDB

SXTC

TCRR

12 Health Care Stocks Moving In Friday's After-Market Session

Dividends

Continental Resources Raises Dividend From $0.11 To $0.15/Share

UPDATE: Marin Software Q2 Adj. EPS $(0.21) Up From $(0.36) YoY, Sales $6.09M Down From $7.28M YoY

Three additional states have implemented 30-day waivers of the federal hours-of-service rules, citing tight supplies of drivers as a reason.

The steps by Minnesota, Wyoming, and Iowa to declare a state of emergency as the basis for the waiver follow a recent decision by South Dakota to also <a href="https://www.freightwaves.com/news/south-dakota-waives-hours-of-service-to-help-petroleum-resupply">implement a 30-day HOS waiver,</a> with that state citing driver availability as well.

Minnesota Gov. Tim Walz signed the order Wednesday supported by much of the state's agricultural industry. 

Federal law allows states to declare their own 30-day waivers from HOS rules. Several states that had similar waivers in place for Hurricane Elsa are on the verge of seeing those exemptions expire in the next few days. 

In Minnesota, according to the statement issued by the governor's office, the issue is a lack of adequate drivers combined with a drought that is forcing some agricultural deliveries to go farther than normal to get products to or from markets. 

"These [drought] conditions have resulted in a significant decrease in the availability of hay and other forage in Minnesota and neighboring states," Walz's statement said. "This has prompted farmers and livestock producers to change their operations, including reducing their herd or shipping livestock earlier than normal."

Because of the drought, the statement said, there has been a drop of about 10,000 acres of "harvestable" hay "and will require farmers and livestock producers to travel farther distances to obtain hay and forage needed to feed their livestock."

The governor went on to say that such organizations as the Minnesota Farmers Union and the Minnesota Cattlemen had asked for "emergency relief measures to increase access to livestock forage."

"Strict enforcement of certain hours of service regulations would prevent or hinder the efficient transportation of forage, which is critical to maintain healthy livestock," the governor's statement added. 

The statement specifically noted the federal HOS regulation, 49 CFR § 395.3, as being waived under the state's action. However, it keeps in place the part of that rule restricting driving to 11 hours over a 14-hour period. It also said that a "fatigued or ill" driver may not be required to work. And if drivers say they need rest, they must be given 10 consecutive off-duty hours before coming back to work.

In the case of Wyoming and Iowa, the wording is similar and is targeted at deliveries of petroleum. In Wyoming, the 30-day exemption was implemented July 20. Iowa's is more recent, going into effect Thursday.

Both proclamations target low supplies of petroleum. In Wyoming, however, it also noted efforts to fight wildfires in the state as requiring additional supplies of petroleum. 

In both states, the waivers forbid requiring a fatigued driver to get behind the wheel. In the case of Iowa, at the end of the 30-day period, if a driver has been on duty for more than 70 hours during any eight consecutive days, that driver must be given at least 34 consecutive hours off.

<a href="https://www.freightwaves.com/news/author/johnkingston">More articles by John Kingston</a>

<a href="https://www.freightwaves.com/news/another-day-another-record-breaking-earnings-report-this-time-at-saia">Another day, another record breaking earnings report, this time at Saia</a>

<a href="https://www.freightwaves.com/news/ryder-beats-already-strong-q2-estimates-could-be-on-acquisition-hunt">Ryder beats already strong Q2 estimates, could be on acquisition hunt</a>

<a href="https://www.freightwaves.com/news/court-decision-serves-as-primer-on-pitfalls-possibilities-of-truck-leasing">Court decision serves as primer on pitfalls, possibilities of truck leasing</a>
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Regulations

3 More States Waive Targeted Hours-Of-Service Rules For 30 Days

Four months after raising $1.2 billion, instant delivery application Gopuff announced it has closed on a Series H round for $1 billion, reaching a $15 billion valuation.

The round was led by new investor Blackstone's Horizons platform and its previous investor Fidelity Management and Research Co. Participants in the round included previous investors Softbank Vision Fund 1, Atreides Management and Eldridge Capital, and new investors Guggenheim Investments, Hedosophia, MSD Capital and Adage Capital.

"As Gopuff continues to define the Instant Needs economy, we are thrilled to have new leading global partners on board, along with the support of our longtime investors," said Rafael Ilishayev, co-founder and co-CEO of Gopuff. "This funding round is further validation of the success of our model and will enable us to continue to do what we do best: deliver an unmatched customer experience."

Funding details: <a href="https://gopuff.com/">Gopuff</a>

<table><tbody><tr><td>Funding amount</td>
			<td>$1 billion</td>
		</tr><tr><td>Funding round</td>
			<td>Series H</td>
		</tr><tr><td>Lead investors</td>
			<td>Blackstone's Horizons and Fidelity Management and Research Co.</td>
		</tr><tr><td>Secondary investors</td>
			<td>Softbank Vision Fund 1, Atreides Management, Eldridge Capital, Guggenheim Investments, Hedosophia, MSD Capital and Adage Capital</td>
		</tr><tr><td>Business goals for the round</td>
			<td>Expand into more North American markets and the United Kingdom</td>
		</tr><tr><td>Post valuation</td>
			<td>$15 billion</td>
		</tr><tr><td>Total funding</td>
			<td>$3.43 billion</td>
		</tr></tbody></table>

Much like its previous round, the company plans to use the funds to continue building microfulliflment ecosystems within North America and expand its footprint in the United Kingdom to offer customers 30-minute deliveries off various convenience store goods at a competitive $1.95 fee.

Just this week, Gopuff began offering its services in San Diego, bringing its total market exposure to 850 cities in the United States. In December, the company acquired the alcoholic beverage retailer BevMo!, including the delivery infrastructure at its more than 160 stores across California, Arizona and Washington.

<h4 id="h-related-article-it-s-time-the-logistics-industry-took-notice-of-gopuff">Related article: <a href="https://www.freightwaves.com/news/its-time-the-logistics-industry-took-notice-of-gopuff">It's time the logistics industry took notice of Gopuff</a></h4>

In order to scale its accelerating growth, the company has continued to strategically acquire companies.

In May, the company acquired the last-mile delivery platform Fancy to effectively expand its team into the United Kingdom and Europe, and is rumored to soon be acquiring London-based Dija, another grocery delivery startup, according to TechCrunch.

It also acquired San Francisco-based rideOS for $115 million in June to advance the company's routing technology for its on-demand fleet of delivery partners.

"rideOS is among the best mapping, dispatching and routing technology firms in the industry and we are thrilled to have them lead innovation in key sectors for Gopuff," said Sharad Sundaresan, Gopuff's senior vice president of product and growth. "This investment will enable Gopuff to continually improve the customer experience in more complex geographies as we continue to be a leader in the Instant Needs category worldwide."

Along with its recent acquisitions, the company introduced this month its newest experience, Gopuff Kitchen. Positioned next to its micro-fulfillment centers, these electric mobile kitchens prepare foods by their own recipes and in partnership with local brands. These ghost kitchens can be found in 20 of Gopuff's markets across the U.S.

As part of the venture, the delivery company acquired Austin-based Bandit Ventures Inc., an application-only coffee shop, earlier in July. The terms of that acquisition were not disclosed.

"Gopuff has quietly built a very strong business and solidified itself as the leading player, continuing to define this evolving category," said Scott Minerd, global chief investment officer of Guggenheim Investments. 

"[Co-founders] Rafael and Yakir [Gola] are focused on maintaining fiscal responsibility while having the ability to successfully execute on strategic growth opportunities. This measured approach along with Gopuff's impressive offering has only just scratched the surface. We are thrilled to support this incredibly strong company and look forward to being part of Gopuff's journey and continued expansion," said Minerd.

<div>
<div><a href="https://www.freightwaves.com/news/author/gracesharkey" style="border-width:2px;">Articles by Grace Sharkey</a></div>
</div>

<h4 id="h-you-may-also-like">You may also like:</h4>

<a href="https://www.freightwaves.com/news/advertising-platform-skai-reaches-deal-with-gopuff">Advertising platform Skai reaches deal with Gopuff</a>

<a href="https://www.freightwaves.com/news/uber-teams-with-arrival-on-evs-and-gopuff-for-everyday-essential-items">Uber teams with Arrival on EVs and Gopuff for everyday essential items</a>

<a href="https://www.freightwaves.com/news/digital-convenience-store-gopuff-raises-1-15b">Digital delivery company goPuff raises $1.15B</a>
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Eurozone

Commodities

Global

Startups

Tech

Instant Delivery Company Gopuff Reaches $15B Valuation

Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express' year-over-year profit increase — 1,432% — is still attention-grabbing.   

For its fiscal 2021 first quarter, ONE recorded profit of $2.559 billion, a $2.39 billion gain from the $167 million posted in the same period last year. 

ONE's fiscal year runs from April 1 to March 31.

ONE said in its <a href="https://www.one-line.com/sites/g/files/lnzjqr776/files/2021-07/Disclosure%20FY2021%201Q_English%20V.9%20%28Clean%29.pdf">earnings report</a> Friday that "profit significantly increased" in large part because of the continuing strong market. The carrier included three bullet points: 

<ul><li>Global container trade volumes increased by about 20% year-over-year. Vessel utilization was at full capacity because of the strong cargo demand.</li>
	<li>Turmoil within the entire global supply chain continued during the quarter. "Severe shoreside and inland congestion was and is still ongoing."</li>
	<li>Long-term freight increased and short-term freight was significantly higher than expected.</li>
</ul>

ONE's first-quarter revenue jumped 111%, from $2.73 billion last year to $5.77 billion this year. Earnings before interest, taxes, depreciation and amortization leapt 499%, from $488 million last year to $2.92 billion this year. 

ONE said its operational costs did increase due to faster vessel speeds to improve schedule reliability. "Cost-saving initiatives progressed, but additional costs increased due to shoreside and inland congestion."

The Singapore-headquartered ocean carrier said strong cargo demand and labor shortages have resulted in longer port stays, port congestion, and heavy rail and truck traffic. Truck and chassis shortages were blamed for increased container dwell times. 

ONE said a resurgence of COVID-19 outbreaks has made a full-year forecast difficult, although it did say it expects first-half profit of about $6 billion at the close of its second quarter on Sept. 30. 

"The economic environment is now changing as the global situation of COVID-19 changes," ONE said. "It is therefore extremely difficult to make a performance forecast and as such, ONE's forecasts for FY2021 are yet to be finalized."

ONE does not include commentary from CEO Jeremy Nixon in its earnings release, but in a separate presentation on first-quarter initiatives, he was quoted as saying, "There are still risks ahead due to the overall low vaccination levels in many countries, which can lead to sudden changes in labor availability and operational conditions. The industry overall has deployed every spare vessel and container and the order book for new tonnage this year has sharply picked up for 2023-24 delivery.

"Ultimately demand and supply will come back into balance, but we remain conservative in trying to predict when this may or may not happen," Nixon said. 

German carrier Hapag-Lloyd is not so conservative. On Friday it raised its full-year forecast and expects 2021 EBITDA in the range of $9.2 billion to $11.2 billion. 

Full-year 2020 EBITDA was $3.08 billion, which Hapag-Lloyd CFO Mark Frese called a <a href="https://www.freightwaves.com/news/hapag-lloyd-profit-skyrockets-with-stellar-performance">"stellar performance."</a>

Hapag-Lloyd expects a first-half EBITDA of $4.2 billion, nearly $3 billion more than the same period in 2020 and nearly $1 billion more than last year's total. 

"Global demand for container transport remains at a high level. However, operational disruptions along the entire supply chain continue to cause significant delays and thereby contribute to the shortage of transport capacity," Friday's announcement said. "Hapag-Lloyd therefore expects earnings momentum to remain very strong in the second half of the financial year. Previously, a gradual normalization of the earnings trend had been expected for the second half" of 2021. 

<a href="https://www.freightwaves.com/news/one-has-second-quarter-of-significantly-increased-profit">ONE has second quarter of ‘significantly increased' profit</a>

<a href="https://www.freightwaves.com/news/hapag-lloyd-rakes-in-more-in-q1-than-all-of-2020">Hapag-Lloyd rakes in more in Q1 than all of 2020</a>

<a href="https://www.freightwaves.com/news/hapag-lloyd-profit-skyrockets-with-stellar-performance">Hapag-Lloyd profit skyrockets with ‘stellar performance'</a>

<a href="https://www.freightwaves.com/news/author/klinkwills">Click here for more American Shipper/FreightWaves stories by Senior Editor Kim Link-Wills.</a>

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ONE Giant Leap — 1,432% Profit Gain

Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) reported quarterly losses of $(0.23) per share. This is a 36.11 percent increase over losses of $(0.36) per share from the same period last year. The company reported $6.09 million in sales this quarter. This is a 16.23 percent decrease over sales of $7.28 million the same period last year.

Marin Software Q2 EPS $(0.23) Up From $(0.36) YoY, Sales $6.09M Down From $7.28M YoY

ACET

Adicet Bio In 8K Filing Says Delivered Written Notice To Novartis To Terminate Certain License Agreement, Effective On Or Before Oct. 1, 2021; Says Co. Is Not Subject To Any Termination Penalties Related To Termination Of License Agreement

Offerings

PROG

Progenity Files For Mixed Shelf Of Up To $200M

Sallie Mae Files For Mixed-Securities Shelf Offering, Size Not Disclosed

FNCB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNCB#NASDAQ">FNCB</a>) reported quarterly earnings of $0.26 per share. This is a 30 percent increase over earnings of $0.20 per share from the same period last year.

FNCB

FNCB Bancorp Q2 EPS $0.26 Up From $0.20 YoY

Oil-Dri Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) today announced that it will implement price increases of its clay absorbents and sports field products, effective September 1, 2021. These price increases will range from&nbsp;5%&nbsp;to&nbsp;9%, depending on the product. 
&nbsp;
Although Oil-Dri is continuously improving its manufacturing efficiencies, price adjustments are necessary as the company is facing significant cost increases across all input channels, including packaging, materials, natural gas, and non-fuel manufacturing costs.
Oil-Dri sales representatives will communicate additional details of the price increase to their customers directly.

Oil-Dri Announces Price Increases on Clay Absorbents and Sports Field Products To Range From 5%-9%

<a href="https://www.tenstreet.com/"><img alt="" src="https://s29755.pcdn.co/wp-content/uploads/2021/07/Tenstreet_Header-1-1.png" /></a>

The logistics industry is full of unpredictability, and safety is no exception. It is impossible to predict exactly when an incident will occur on the road. It is possible, however, to have a predictable system for processing safety issues and handling corrective training, driving down the odds of the same types of issues continuing unchecked. 

Disjointed systems are the norm in the safety and compliance world. It is not uncommon for details to get lost and reports to go missing while being transferred between systems. This system switching also contributes to application fatigue for both individual drivers and carriers as a whole, ironically creating a breeding ground for more safety and compliance issues. 

A single system that allows carriers to go paperless, stay compliant, and reclaim their focus would be well-poised to combat inefficiencies and promote safety. That is why Tenstreet created a solution that does exactly that. 

"<a href="https://www.tenstreet.com/">Tenstreet</a> is known for leveraging the power of the data, the power of one system, to hire a driver in the most efficient and complete manner," Tenstreet Transportation Advisor Marilyn Surber said. "That is what we're bringing to the safety space as well. You will be able to manage your driver completely from one dashboard."

By integrating with technology companies across the industry, Tenstreet has been able to expand its one-stop-shop recruiting platform to cover the entire driver life cycler. Now carriers are able to see and manage everything about a driver – from pre-hire information to safety incidents to retention results  – all in one place.

"We really want to help the carrier manage the entire life cycle of the driver from one platform, starting in the recruitment aspect and expanding to safety," Surber said. "We also want to help the driver manage their whole career through the app in the same way. We want to take them from the application process all the way through communicating with their current employer."

With the Tenstreet platform, safety coaches can see the full picture of the driver's history before making phone calls to address incidents or provide training. This eliminates the need to move between systems, reducing the likelihood that valuable training opportunities will be overlooked or incidents will go unaddressed. 

"Our system leverages all of the data points that a company has on a driver and allows them to respond appropriately based on that information," Surber said. "Having all these data points in our system allows for some really unique automation that other systems just don't allow for. By managing drivers in one place, you can coach or assign training just in one click."

The platform provides a new level of visibility and predictability in the driver management space. This is the key to solving app fatigue and ultimately moving beyond "good enough" for your driver safety practices and into excellence. 

<a href="https://www.tenstreet.com/safety">Click here to learn more about how Tenstreet can help manage safety and compliance.</a>
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Visibility And Predictability Are Key To Managing Driver Safety

<ul>
<li>Special meeting of stockholders of NextGen Acquisition Corporation scheduled for August 18, 2021 at 9:00 a.m. Eastern time</li>
<li>Upon closing, Xos will be listed on NASDAQ under the new ticker symbol &quot;XOS&quot;</li>
<li>The boards of directors of Xos and NextGen Acquisition Corporation have unanimously approved the Business Combination</li>
</ul>
NextGen Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGAC#NASDAQ">NGAC</a>) (&quot;NextGen&quot;) today announced its Registration Statement on Form S-4 in connection with the previously announced business combination (the &quot;Business Combination&quot;) with Xos, Inc. (&quot;Xos&quot; or the &quot;Company&quot;), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, has been declared effective by the Securities and Exchange Commission (the &quot;SEC&quot;).
This press release features multimedia. View the full release here:&nbsp;<a href="https://www.businesswire.com/news/home/20210730005569/en/">https://www.businesswire.com/news/home/20210730005569/en/</a>
NextGen has set August 18, 2021at 9:00 a.m. Eastern time for a special meeting of stockholders to approve the proposals associated with the Business Combination. The proxy statement to its stockholders is available at:&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1819493/000121390021039526/f424b30721_nextgenacq.htm">https://www.sec.gov/Archives/edgar/data/1819493/000121390021039526/f424b30721_nextgenacq.htm</a>.
NextGen stockholders of record as of the close of business on July 2, 2021 will be mailed the proxy materials in connection with the Business Combination and will be entitled to vote at the special meeting. The boards of directors of Xos and NextGen have unanimously approved the Business Combination.
&quot;We are pleased to have achieved this milestone and to announce a date for the Special Meeting of NextGen stockholders,&quot; said George Mattson, Co-Founder and Co-Chairman of NextGen. &quot;As we enter the final stages of consummating our merger with Xos, we look forward to bringing Xos to the public markets and working closely with the new Xos to realize its ambitious and achievable vision to decarbonize commercial fleets.&quot;
&quot;2021 has been a year of tremendous growth for us,&quot; said Dakota Semler, Co-Founder and CEO of Xos. &quot;We broadened our customer relationships and deepened important partnerships. We invested in key hires, and launched new business units. Our merger transaction will accelerate our goal of a zero-emissions future by allowing Xos to introduce electric vehicles and fleet support networks to more locations in the US and abroad.&quot;
Subject to stockholder approval and other customary closing conditions identified in the business combination agreement, the Business Combination is expected to close as soon as practicable following the special meeting.

NGAC

Xos Registration Statement Related to Business Combination With NextGen Acquisition Corporation Declared Effective by SEC

Psychedelics company Silo Wellness&nbsp;Inc.&nbsp;(CSE:<a class="ticker" href="https://www.benzinga.com/stock/SILO#CSE">SILO</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SILFF#OTC">SILFF</a>) (FRA: 3K70) launched a global functional and psychedelic mushroom consumer brand on Thursday.

Dubbed Marley One, the brand was born from a strategic collaboration with the family of legendary musician Bob Marley. The product portfolio at launch includes a range of 5 functional mushroom tinctures, made with medicinal mushroom species such as cordyceps, lion&rsquo;s mane, chaga, reishi and turkey tail, which offer unique wellness benefits including cognitive function and sleep enhancement.

Silo&rsquo;s management told Benzinga it intends to launch a psychedelic mushroom product line under the Marley name later this year, to be followed by additional functional mushroom products including gummies, capsules and cosmetics.&nbsp;

See also: <a href="https://www.benzinga.com/markets/cannabis/21/06/21443704/exclusive-jamaicas-bob-marley-museum-will-soon-sell-cannabis">EXCLUSIVE: Jamaica&#39;s Bob Marley Museum Will Soon Sell Cannabis</a>

&ldquo;A crucial part of Silo Wellness&rsquo; mission is to accelerate consumer understanding of the mushroom movement at large, beginning with the functional mushroom category. Though we are innovative early movers in the space, we&rsquo;re merely helping consumers understand what Indigenous communities and ancient cultures across the globe have known to be true for millennia &ndash; that mushrooms can offer a natural pathway to healing, positivity and self-actualization,&rdquo; Douglas K. Gordon, CEO of Silo Wellness, told Benzinga.

&ldquo;There&rsquo;s a lot of education that needs to take place around functional and psychedelic mushroom use, and we hope the Marley name will bring instant recognition and credibility to this high-potential sector,&rdquo; Gordon concluded.

Encuentra nuestro contenido en Espa&ntilde;ol en El Planteo:

<ul>
	<li><a href="https://elplanteo.com/museo-bob-marley/">Exclusiva: el Museo de Bob Marley Pronto Vender&aacute; Cannabis</a></li>
	<li><a href="https://elplanteo.com/cepas-de-marihuana-bob-marley/">Cepas de Marihuana: Bob Marley</a></li>
	<li><a href="https://elplanteo.com/amanita-muscaria-hongo-psicoactivo/">Amanita Muscaria: el Hongo Psicoactivo con un Gran Potencial Terap&eacute;utico</a></li>
</ul>

Meet Marley One: The Bob Marley-Themed Psychedelic And Functional Mushrooms Brand

Benzinga&rsquo;s&nbsp;<a href="https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZSvns1pymdSRwOIA-exAaA" rel="noopener noreferrer" target="_blank">Cannabis Insider</a>&nbsp;is a live daily show for cannabis investors.

Guests:

<ul>
	<li>Jessica Billingsley CEO of&nbsp;Akerna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KERN#NASDAQ">KERN</a>)</li>
	<li>Amy Provost Vice President of Services Viridian Sciences</li>
</ul>

Lane and Hasse also had time to look into the following publicly-traded companies:

<ul>
	<li>Canopy Growth Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NYSE">CGC</a>)</li>
	<li>The Supreme Cannabis Company Inc.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SORWF#OTC">SORWF</a>)</li>
	<li>AFC Gamma Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFGC#NASDAQ">AFGC</a>)</li>
	<li>Silo Wellness Inc.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SILFF#OTC">SILFF</a>)</li>
	<li>Green Hygienics Holdings Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRYN#OTC">GRYN</a>)</li>
	<li>Australis Capital Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AUSAF#OTC">AUSAF</a>)</li>
</ul>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/D6S9FxY_Y68" width="560"></iframe>

&nbsp;

Meet The Hosts:

<ul>
	<li>Patrick Lane:&nbsp;<a href="https://twitter.com/patricklanebz" rel="noopener noreferrer" target="_blank">https://twitter.com/patricklanebz</a></li>
	<li>Javier Hasse:&nbsp;<a href="https://twitter.com/javierhasse" rel="noopener noreferrer" target="_blank">https://twitter.com/javierhasse</a></li>
</ul>

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Video: Benzinga Cannabis Insider 6/24 Ft. Akerna & Viridian Sciences

Cannabis-focused holding company&nbsp;Marijuana Company of America, Inc.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/quote/MCOA" target="_blank">MCOA</a>) through its subsidiary&nbsp;cDistro&nbsp;inked a deal with psychedelics company&nbsp;Silo Wellness Inc.&nbsp;(CSE:<a class="ticker" href="https://www.benzinga.com/stock/SILO#CSE">SILO</a>) (OTC:&nbsp;<a href="https://www.benzinga.com/quote/SILFF" target="_blank">SILFF</a>) to distribute the&nbsp;Marley One&nbsp;mushroom brand.&nbsp;&nbsp;

The global functional and psychedelic mushroom consumer brand, Marely One, was developed in collaboration with the family of legendary musician&nbsp;Bob Marley&nbsp;and&nbsp;<a href="https://www.benzinga.com/markets/cannabis/21/06/21707887/meet-marley-one-the-bob-marley-themed-psychedelic-and-functional-mushrooms-brand" target="_blank">launched</a>&nbsp;last week. The&nbsp;deal makes cDistro one of the first distributors to handle Marley&nbsp;One.

The original product portfolio contains a range of five functional mushroom tinctures&nbsp;crafted with such species as cordyceps, lion&rsquo;s mane, chaga, reishi&nbsp;and turkey tail, all known for their medicinal properties, such as aiding with cognitive function and sleep enhancement. Silo has plans to roll out a psychedelic mushroom product line under the Marley name later this year&nbsp;that will eventually&nbsp;include gummies, capsules&nbsp;and cosmetics.&nbsp;

&ldquo;We believe it is important to be a leader in providing access to newer product categories, and we are honored to distribute and provide access to Marley One, the first global functional mushroom brand, in collaboration with the Bob Marley Family,&quot; Ron Russo, cDistro&rsquo;s president said in a statement. &ldquo;The Marley family name is an iconic part of our history and we&rsquo;re thrilled to bring these exciting new products into our fast-growing distribution portfolio. We have already commenced our marketing efforts to introduce and distribute Marley One, in collaboration with Silo Wellness and the Bob Marley Family.&rdquo;

Silo&rsquo;s CEO, Douglass Gordon, added, &ldquo;We are pleased to have chosen cDistro as one of our initial distributors and we expect that as our global functional mushroom brands continue&nbsp;to develop that we will become the world&rsquo;s first global functional and psychedelic mushroom brand, guided by a vision to help people achieve healthier lifestyles.&rdquo;

Price Action

Marijuana Company of America&rsquo;s shares were trading 3.28% higher at $0.0063 per share at the time of writing while Silo&rsquo;s shares were 1.75% down trading for 12 cents per share.

Courtesy Image 

&nbsp;

MCOA Subsidiary cDistro To Distribute Silo Wellness's Marley One Mushroom Brand

AFGC

AUSAF

CSE:SILO

GRYN

MCOA

SILFF

SORWF

Marijuana Company-Silo Wellness ink distribution deal for Marley One functional mushroom

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Entheon Biomedical Corp. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/ENBI#CSE">ENBI</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/ENTBF#OTCQB">ENTBF</a>) (FSE: 1XU1) ("Entheon"), a biotechnology company focused on developing psychedelic medicines to treat addiction, and Silo Wellness Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SILO#CSE">SILO</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SILFF#OTC">SILFF</a>) (FSE:3K70) ("Silo Wellness"), a functional and psilocybin mushroom company and psychedelic wellness retreats operator, have signed a referral agreement (the "Agreement"), to help drive brand awareness of the Psychedelics Genetic Test kit, developed and commercialized by wholly-owned subsidiary HaluGen Life Sciences Inc. ("HaluGen"), as well as empower guests at Silo Wellness' retreats to make informed decisions through better access to information about themselves.Silo Wellness is a publicly traded company on the CSE with a consumer-facing platform for the sale of functional mushroom products, psilocybin mushroom production in Jamaica, and the facilitation of psychedelic wellness retreats in both Jamaica and Oregon that incorporate a variety of psychedelic-augmented therapies. The intention of the Agreement is for Silo Wellness to provide referral and marketing services for HaluGen's Psychedelics Genetic Test, representing an opportunity to expand access and visibility for the test, which was launched in the US on June 6, 2021. Silo Wellness will receive compensation on each referral made to HaluGen. The genetic test, a first of its kind, identifies specific DNA biomarkers in order to gauge the risk and potential of adverse reactions toward hallucinogenic drugs. The test provides users with personalized reports and actionable insights, delivered directly to one's smartphone, providing a convenient and safe means to better understand an individual's sensitivity to classical psychedelics and ketamine. The test also provides insights into the short- and long-term potential of psychedelic-induced risks, such as psychosis. "We're pleased to be partnering with the innovative team at Silo Wellness who are focused on providing legal access to professionally administered wellness retreats which integrate a variety of psychedelic therapies," said Entheon Chief Executive Officer, Timothy Ko. "Increased visibility and access to the Psychedelics Genetic Test through Silo Wellness' broad network furthers our commitment and ability to provide tools and knowledge to help individuals make informed decisions surrounding the consumption of psychedelics." "With this Entheon and HaluGen relationship, we can empower our guests to make data-informed decisions to join us for psychedelic experiences with ketamine and psilocybin and soon, 5-MeO-DMT," said Silo Wellness Chief Executive Officer, Douglas K. Gordon. "It's all about 'set and setting' with our psychedelic retreats, and one's mindset is affected by their personal anxieties about the medicine and fears of potential adverse reactions. The more opportunity we can give consumers to access information about themselves in advance of a session, the better." About Entheon Biomedical Corp. Entheon is a biotechnology research and development company committed to developing and commercializing a portfolio of safe and effective N,N-dimethyltryptamine based psychedelic therapeutic products ("DMT Products") for the purposes of treating addiction and substance use disorders. Subject to obtaining all requisite regulatory approvals and permits, Entheon intends to generate revenue through the sale of its DMT Products to physicians, clinics and licensed psychiatrists in the United States, certain countries in the European Union and throughout Canada. About Silo WellnessThe mission of Silo Wellness is to improve health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion. Silo Wellness intends to introduce new, safe, and affordable alternatives to current medicines by facilitating entry into new and emerging markets where psychedelics are legal by conducting ketamine and psilocybin wellness retreats and elsewhere by manufacturing and distributing functional mushrooms.Since inception, Silo Wellness' activities have focused on: (1) development and sales of functional mushroom tinctures; (2) development of a metered-dosing psilocybin nasal spray in Jamaica; (3) offering ketamine-assisted retreats in Oregon and psilocybin- and 5-MeO-DMT-assisted retreats in Jamaica; and (4) the cultivation of psilocybin psychedelic mushrooms in Jamaica. On Behalf of the Entheon Biomedical Board of Directors, Timothy Ko, CEO For more information, please contact the Company at: Entheon Biomedical Corp. Joseph Cullen, Investor Relations Telephone: +1 (778) 919-8615 <a href="mailto:joe@entheonbiomedical.com">joe@entheonbiomedical.com </a><a href="https://www.newsfilecorp.com/redirect/0OM5SrbwJ">https://entheonbiomedical.com/</a> For Entheon media inquiries, please contact Crystal Quast at: Bullseye Corporate Crystal Quast Telephone: +1 (647) 529-6364 <a href="mailto:quast@BullseyeCorporate.com">quast@BullseyeCorporate.com</a> For further information about Silo Wellness, please visit <a href="https://www.newsfilecorp.com/redirect/bAA2ASroYq" target="_blank">www.SiloWellness.com</a> or contact: Media Relations: Lisa Weser, Trailblaze PR <a href="mailto:lisa@trailblaze.co">lisa@trailblaze.co</a> Silo Wellness Investor Relations: (778) 383-6740 <a href="mailto:ir@silowellness.com">ir@silowellness.com</a> Cautionary Note on Forward Looking InformationThis news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the issuance of the Compensation Shares, generation of revenue by the Company and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, the Company being able to follow through with anticipated business plans and timing of future activities of the Company and Silo Wellness, sales and referrals, if any, and the business operations of the Company and Silo Wellness.&#160;Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law. The Canadian Securities Exchange has not approved nor disapproved the contents of this news release. To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/3ee5eTa1N1">https://www.newsfilecorp.com/release/87869</a><img src="https://www.newsfilecorp.com/newsinfo/87869/197" alt="" />

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MCOA Subsidiary cDistro Signs Distribution Agreement with Silo Wellness and Marley One Functional Mushrooms

LOS ANGELES, CA / ACCESSWIRE / July 27, 2021 / Marijuana Company of America, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MCOA#OTC">MCOA</a>) ('the Company'), a diversified holding company with operations and investments throughout the cannabis industry, today announced that its wholly owned subsidiaries hempSmart &#8482; and cDistro, will be exhibiting at the 2021 Champs Trade Show in Las Vegas being held July 27-30, 2021 at the Las Vegas Convention Center.Recently acquired MCOA asset cDistro, distributes CBD brands, along with smoke and vape shop related products to wholesalers, c-stores, specialty retailers, and consumers in North America, and will be featuring the new Marley One&#8482; product line, the first global functional mushroom consumer brand, licensed and distributed by Silo Wellness Inc. ('Silo Wellness') (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SILO#CSE">SILO</a>)(OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SILFF#OTCQB">SILFF</a>)(FRA:3K70), a leading global psychedelics company. The product offering includes a range of functional mushroom tinctures, including species such as cordyceps, lion's mane, chaga, reishi and turkey tail that offer a range of unique health and wellness benefits, from immunity and gut health to cognitive function and sleep enhancement.<img src="https://www.accesswire.com/users/newswire/images/656896/LAsVegasCHAMPS1.jpg" />&amp;ldquo;We anticipate large volume sales with this strong brand recognition associated with Bob Marley Family name,&amp;rdquo; said Ron Russo, President of cDistro.hempSmart &#8482;, MCOA's other wholly owned subsidiary will be at the Champs Trade Show exhibiting its extensive full line of premium CBD organic products that are scientifically driven and double lab tested to ensure purity and potency.&amp;ldquo;We are thrilled to be part of this premier cannabis trade show and this opportunity could not have come at a better time with the rapid expansion and vertical integration that has recently taken place at MCOA, coupled with the excitement of showcasing together for the first time our premium hempSmart &#8482; brands alongside the plethora of cannabis product offerings from our recently acquired cDistro distributor,&amp;rdquo; said Jesus Quintero, CEO of Marijuana Company of America, Inc.MCOA also indicated that its Joint Venture Partner, Cannabis Global Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBGL#OTC">CBGL</a>) will be exhibiting alongside the Company.Russo added, &amp;ldquo;This Champs Trade Show will allow MCOA executives and subsidiaries to meet with prominent people, retailers, and other companies in the cannabis space. The event offers us the opportunity to network with retailers, and other leaders in the industry as well afford us the chance to showcase our newest product Marley One, the first global functional mushroom brand, in collaboration with the Bob Marley Family.&amp;rdquo;&amp;ldquo;hempSmart &#8482; will be featuring many exciting products and features at the Champs Trade Show, such as a product redesign and our new mental health check text messaging community service called &#8216;we're in this together.' We want our brand to reach beyond our physical product in a new impactful manner never before seen by other CBD companies. We're building a community of support and resources for our customers to take advantage of,&amp;rdquo; said Glen Bonilla, Sales Director and Brand Manager of hempSmart &#8482;.Bonilla added, &amp;ldquo;With our recent expansion of our hempSMART&#8482; branded product lines and marketing channels, we look ahead with great enthusiasm as we showcase our products at the Champs Trade Show, which will be the first time selling directly to retailers. We have continued to receive wonderful responses about our premium CBD products from satisfied consumers sharing their success stories of overall improvement in leading a more positive lifestyle. Hearing this positive feedback from people who buy our products is so fulfilling and there's no better feeling than knowing we are making a difference in the lives of our customers.&amp;rdquo;MCOA also indicated that its Joint Venture Partner, Cannabis Global Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBGL#OTC">CBGL</a>) will be exhibiting alongside the Company.To see MCOA, Cdistro , hempSmart &#8482;, and Cannab is Global Inc. at the 2021 Champs Trade Show, please visit booth #1042.About CHAMPS Trade ShowChamps has established itself as the premier counter-culture, business-to-business trade expo serving the smoke shop industry.Since 1999, hundreds of exhibitors meet across the country each year face-to-face with thousands of retail and wholesale buyers from all over the world at CHAMPS Trade Shows.CHAMPS exhibitors include manufacturers, distributors, wholesalers, glass artists, inventors, and suppliers who showcase a massive selection of smoking accessories, counter-culture products, clothing, hand-blown glass, and other specialty gifts.About Marijuana Company of America, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MCOA#OTC">MCOA</a>)Marijuana Company of America is a diversified holding company with operations and investments throughout the cannabis industry. MCOA focuses on acquisitions, as well as sales and marketing efforts of its wholly owned subsidiaries cDistro Distributor and hempsmart&#8482; premium brand of hemp-based CBD (legal cannabidiol) products.About hempSMARThempSMART&#8482; offers an extensive full line of premium CBD organic products that are scientifically driven and double lab tested to ensure purity and potency. The Company will direct the sale of its products to wholesalers, distributors, the medical community, online e-commerce consumer platforms, and a proven network affiliate marketing program. The Company has also launched international sales, production, and marketing expansion.About cDistrocDistro (Retail Service / Wholesale Prices) distributes CBD brands, along with smoke and vape shop related products to wholesalers, c-stores, specialty retailers, and consumers in North America.About Silo WellnessSilo Wellness is a growth-oriented holding company focused on functional mushroom and psychedelic opportunities that benefit from a unified ecosystem and exceptional leadership. Founded in 2018 and headquartered in Toronto, Silo Wellness has operations in Jamaica and Oregon. Silo Wellness is a publicly traded company on the Canadian (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SILO#CSE">SILO</a>) and Frankfurt (FRA:CK70) exchanges and trading on the OTCQB&#174; Venture Market (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SILFF#OTCQB">SILFF</a>).Silo Wellness offers a diverse and growing portfolio of functional mushroom products, psychedelic wellness retreats in Jamaica and Oregon, cultivation of psychedelic mushrooms and truffles in Jamaica, development of a brick-and-mortar smart shop in Jamaica, and intellectual property, focused initially on the commercialization of its metered-dosing psilocybin nasal spray.In March 2021, Silo Wellness announced a multi-year licensing agreement with the family of legendary musician Bob Marley for the exclusive worldwide rights to brand, market and sell a distinct product line of functional and psychedelic mushrooms. The Marley One line of functional mushrooms is available at <a href="https://pr.report/VQ-A4FJ3">www.marleyone.com</a>.For more information about Silo Wellness, please visit <a href="https://pr.report/Ec0K1ZXI">www.silowellness.com</a>.Forward-Looking StatementsThis news release contains 'forward-looking statements,' which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as 'anticipate,' 'seek,' 'intend,' 'believe,' 'estimate,' 'expect,' 'project,' 'plan,' or similar phrases may be deemed 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission.For more information, please visit <a href="https://pr.report/8ZXNMiEu">www.marijuanacompanyofamerica.com</a> or visit <a href="http://www.sec.gov" title="www.sec.gov">www.sec.gov</a>.CONTACT: <a href="mailto:info@marijuanacompanyofamerica.com">info@marijuanacompanyofamerica.com</a> <a href="mailto:info@mcoainvestments.com">info@mcoainvestments.com</a> 888-777-4362SOURCE: Marijuana Company of America, Inc. View source version on accesswire.com: <a href='https://www.accesswire.com/656896/MCOA-Subsidiaries-to-Exhibit-at-the-Las-Vegas-Champs-Trade-Show'>https://www.accesswire.com/656896/MCOA-Subsidiaries-to-Exhibit-at-the-Las-Vegas-Champs-Trade-Show</a> 
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MCOA Subsidiaries to Exhibit at the Las Vegas Champs Trade Show

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