Teco 2030 Stock (OTC:TECFF), Trade Ideas

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.

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JPMorgan Remains Bullish On Alibaba And Other Chinese Stocks - Here’s Why

Morning Brief: Top Financial Stories Dominating on Monday, June 13

Small Cap

TECO 2030 (OTC: TECFF) is launching a hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.

The hydrogen powered tanker will allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.

TECO 2030 Launches Hydrogen Tanker Concept With Partners

Teco 2030 ASA

WIIM

Shares of homebuilder stocks are trading higher following strong earnings from PulteGroup and better-than-expected new home sales data.

Barclays analyst Tim Long maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Equal-Weight and raises the price target from $111 to $112.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Crown Castle, Raises Price Target to $112

Stephens &amp; Co. analyst Matt Olney reiterates SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) with a Overweight and maintains $26 price target.

Reiteration

SMBK

Stephens & Co. Reiterates Overweight on SmartFinancial, Maintains $26 Price Target

Barclays analyst Jared Shaw maintains Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) with a Underweight and lowers the price target from $51 to $50.

Barclays Maintains Underweight on Bank of Hawaii, Lowers Price Target to $50

W.R. Berkley shares are trading lower following Q1 earnings.

MEDP

Medpace Holdings shares are trading higher after the company issued strong FY24 guidance. Jefferies upgraded the stock to Buy and raised its price target to $450.

Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) has been ramping up its efforts to <a href="https://www.benzinga.com/news/24/04/38182117/whats-going-on-with-roblox-stock-wednesday">attract new advertisers to its platform</a>.
The stock has been rangebound over the past couple of years, despite the company having addressed many of the investor concerns, according to JPMorgan.
The Roblox Analyst: Cory Carpenter upgraded the rating for Roblox from Neutral to Overweight, while raising the price target from $41 to $48.
The Roblox Thesis: The company has generated over 20% bookings growth in each of the past four quarters and management is targeting 100 to 300 basis points (bps) of annual margin expansion over the next three to five years, Carpenter said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"Third-party data suggested RBLX was tracking below its bookings guide through February, but trends appeared to materially pick-up in March," the analyst wrote. He added that the company could report first-quarter bookings of $927 million, representing 20% year-on-year growth, and adjusted EBITDA of $75 million.
"We do not anticipate any change to the 2024 Bookings guide of $4.14-4.28B (20% Y/Y) this early in the year and ahead of the seasonally important 2H," Carpenter further stated.
RBLX Price Action: Shares of Roblox were up 5.06% to $36.70 at the time of publication on Tuesday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon">Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: &#8216;Drivers Of Inflation Have Changed&#8217;</a>
Photo courtesy of Roblox.

Analyst Color

Earnings Misses

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Trading Ideas

RBLX

Roblox Analyst Turns Bullish As 'Trends Appeared To Materially Pick-Up In March'

Stephens &amp; Co. analyst Andrew Terrell reiterates RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) with a Equal-Weight and maintains $20 price target.

Stephens & Co. Reiterates Equal-Weight on RBB Bancorp, Maintains $20 Price Target

Jefferies analyst David Windley upgrades Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) from Hold to Buy and raises the price target from $340 to $450.

Jefferies Upgrades Medpace Hldgs to Buy, Raises Price Target to $450

The fight between the cryptocurrency industry and the Securities And Exchange Commission (SEC) continues with <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/28901589/blockchain-association-slams-biden-administrations-crypto-framework">The Blockchain Association</a>, a prominent crypto advocacy group, having filed a lawsuit against the SEC in a Texas court, challenging the regulator&#8217;s recently adopted definition of &#8220;dealer&#8221; in securities markets.
What&#8217;s the Problem With The New Rule?
The lawsuit argues that the SEC&#8217;s new definition unlawfully expands its authority by capturing activities within the realm of decentralized finance (DeFi), The Wall Street Journal <a href="https://www.wsj.com/livecoverage/stock-market-today-earnings-04-23-2024/card/crypto-industry-groups-sue-sec-over-new-dealer-rule-VpcCeHRQ9eeDCerMyQ2J">reported</a>.
Under the new rule, liquidity providers on DeFi protocols, who use automated systems to facilitate trading, could be classified as &#8220;dealers&#8221; subject to the same regulations as traditional securities dealers.
Not Everyone Agrees With The SEC
The SEC&#8217;s revised definition has drawn criticism from within its own ranks, with Commissioners Hester Pierce and Mark Uyeda voicing concerns about its reach and potential stifling effect on innovation. 
Industry groups, including the Blockchain Association, submitted comment letters during the public comment period, arguing that the rule exceeded the SEC&#8217;s legal authority.
The lawsuit alleges the SEC disregarded the concerns raised in these comments, including those from the Blockchain Association. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38378731/venezuela-turns-to-crypto-as-us-sanctions-return-on-oil-exports">Venezuela Turns To Crypto As US Sanctions Return On Oil Exports</a>
&#8220;This is the latest example of the SEC&#8217;s blatant attempts to regulate outside its authority,&#8221; declared Kristin Smith, CEO of the Blockchain Association.
Potential Impact: Brain Drain And Stifled Innovation
The Blockchain Association warns that the new dealer rule could have a chilling effect on the US crypto industry. 
Smith suggests the rule could push American innovators and companies overseas, hindering further development in the digital asset space.
What&#8217;s Next: The ongoing battle between the SEC and the crypto industry highlights the complex regulatory landscape surrounding digital assets. 
If you&#8217;re interested in staying informed about the latest developments in crypto regulation and how it affects the future of DeFi and other aspects of the digital asset ecosystem, then consider attending the Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38373531/spot-bitcoin-etfs-register-35m-net-inflow-on-first-post-halving-trading-day">Spot Bitcoin ETFs Register $35M Net Inflow On First Post-Halving Trading Day</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Crypto Lobby Group Sues SEC Over New Dealer Rule

MongoDB shares are trading higher after Loop Capital initiated coverage on the stock with a Buy rating and $415 price target.

Jefferies analyst Brent Thill maintains IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with a Hold and lowers the price target from $215 to $210.

Jefferies Maintains Hold on IBM, Lowers Price Target to $210

Stephens &amp; Co. analyst Andrew Terrell reiterates Private Bancorp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PBAM#OTC">PBAM</a>) with a Overweight and maintains $41 price target.

PBAM

Stephens & Co. Reiterates Overweight on Private Bancorp, Maintains $41 Price Target

Mantle's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MNT</a>) price has decreased 3.27% over the past 24 hours to $1.18. This is contrary to the coins performance over the past week where it has experienced an up-trend of 10.0%, moving from $1.08 to its current price.
The chart below compares the price movement and volatility for Mantle over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1713884628_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 34.0% over the past week along with the circulating supply of the coin, which has fallen 0.16%. This brings the circulating supply to 3.26 billion, which makes up an estimated 52.49% of its max supply of 6.22 billion. According to our data, the current market cap ranking for MNT is #29 at $3.86 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1713884628_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

$MNT

Cryptocurrency Mantle Decreases More Than 3% Within 24 hours

Finance expert <a href="https://www.benzinga.com/personal-finance/24/02/37014818/suze-orman-says-you-have-a-golden-opportunity-to-make-your-kids-millionaires-with-this-simple-ye">Suze Orman</a> has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely.
She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes.&nbsp;
Don't Miss:
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<li>For many first-time buyers, a house is about 3 to 5 times your household annual income &#8211;<a href="http://www.benzinga.com/money/smartasset"> Are you making enough?</a></li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
"Climate change is going to make a big difference in people's desire to own their own home," Orman told DailyMail.com.&nbsp;
She pointed out that the increasing unpredictability in places like Southern California and areas newly prone to severe hurricanes amplifies homeowner anxiety, especially combined with high mortgage interest rates.
This sentiment is supported by data indicating a 23% increase in the national average home insurance cost within a year, now averaging $1,759. The rise in premiums follows a record year where the U.S. saw 28 natural disasters each causing over $1 billion in damages.
According to News-Press, Florida has the highest home insurance rates in the U.S., and they're predicted to rise further. In 2023, the average annual premium for Florida homeowners was $10,996. As of April, Insurify forecasts a 7% increase this year, bringing the average cost to $11,759.
Orman's frustration with insurance rates is palpable. Referring to her situation, she said, "$28,000 for a 2,100-square-foot condo. Are you kidding me?"&nbsp;
Trending: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/?p=308263"> How much is that worth today?</a>
Her decision to "self-insure" reflects a growing trend among homeowners who own their properties outright and choose to risk not having coverage.
Although self-insuring is becoming more popular, it comes with considerable risk. In the event of a disaster, such as a fire or tornado, a homeowner without insurance would be responsible for all repair or rebuilding costs, which could be devastating. Anyone considering this route should have a strong financial safety net.&nbsp;
The broader insurance market has responded to increased risks by hiking premiums and withdrawing from high-risk areas. For instance, State Farm Insurance ceased insuring homes in California because of wildfire risks, reflecting a trend of insurers recalibrating their risk exposure because of climate change.
Insurance issues are further complicated by practices like the <a href="https://www.benzinga.com/real-estate/24/04/38046445/florida-governor-ron-desantis-raises-alarm-by-calling-citizens-insurance-not-solvent-as-an-explosive">"takeout" in Florida</a>, where new companies cherry-pick lucrative policies, leaving less desirable ones behind. This system, described by insurance executive Bruce Lucas on the podcast "The Insurance Guys," showcases the evolving strategies to manage growing risks and opportunities in states like Florida.
As homeowners face escalating costs and insurers adjust strategies, the future of the American dream of homeownership appears uncertain.&nbsp;
Considering these complexities and uncertainties, <a href="https://www.benzinga.com/money/smartasset">consulting a financial adviser</a> can be particularly beneficial for homeowners. If you&#8217;re experiencing increased rates and are concerned about how these costs will impact your long-term financial plans, including retirement, an adviser can offer tailored strategies to maximize your resources. They can help assess your ability to self-insure or find viable alternatives to manage and afford coverage. Seeking professional financial advice ensures that your homeownership and retirement goals remain achievable.&nbsp;
Read Next:
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<li>The shocking amount the average American would save by now if they started saving in 2010 with t<a href="https://www.benzinga.com/money/public-hys-avgamerican">oday&#8217;s high yield savings account rates</a>.</li>
<li><a href="https://www.benzinga.com/money/are-you-rich-advisor">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
</ul>

Personal Finance

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bull and Morgan Creek Capital CEO Mark Yusko is putting his money where his mouth is with a challenge proposed to one of the most <a href="https://www.benzinga.com/topic/peter-schiff">notorious Bitcoin bears.</a>
What Happened: Gold bull and Bitcoin skeptic Peter Schiff took to X, formerly known as Twitter, on April 19 &#8212; after the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38345128/peter-schiff-mocks-bitcoiners-after-halving-event-asks-if-theyre-throwing-parties-h">Bitcoin halving</a>.
"I think halving is an appropriate name for what's happening as soon Bitcoin HODLers will experience a halving of their net worths," Schiff said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations Bitcoiners on the <a href="https://twitter.com/hashtag/Halving?src=hash&amp;ref_src=twsrc%5Etfw">#Halving</a>. Are you guys commemorating this occasion by throwing parties tonight? I haven&#39;t been invited to any. I think halving is an appropriate name for what&#39;s happening as soon <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/HODLers?src=hash&amp;ref_src=twsrc%5Etfw">#HODLers</a> will experience a halving of their net worths.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1781476742156243304?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Schiff also asked if Bitcoiners were holding any parties, joking that he wasn't invited to any.
Yusko didn't take kindly to the mocking of Bitcoiners by Schiff and issued a public challenge via social media.
"Peter, we are all so sick of your BS…Time for #MoneyWhereYourMouthIs $1MM Charity Bet (Buffett Style) right now I take $BTC and you take $GOLD from today for next 5 years," Yusko <a href="https://twitter.com/MarkYusko/status/1781503575274746101?t=M2xVxrPHQE560xQB1cyj-w&amp;s=19">tweeted</a>.
Yusko asked everyone to retweet the challenge and get the hashtag #ShutSchiffUpBet trending.
Another <a href="https://twitter.com/MarkYusko/status/1781801251816022166">tweet </a>from Yusko on the challenge pitted it as "Bitcoin vs. BoomerRocks."
Schiff has not responded to the challenge publicly as of the time of writing.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346412/if-you-invested-1-000-in-bitcoin-during-the-may-2020-bitcoin-halving-heres-how-much-youd-h">If You Invested $1,000 In Bitcoin During The May 2020 Bitcoin Halving, Here&#8217;s How Much You&#8217;d Have Now</a>
Why It's Important: While mocking the Bitcoin halving event, one user was quick to point out a tweet from Schiff that came on May 9, 2020 ahead of the last Bitcoin halving event.
"Looks like some of the Bitcoin speculators who bought in anticipation of the halving couldn't wait for the actual fact to start selling," Schiff <a href="https://twitter.com/PeterSchiff/status/1259319450588889088">tweeted </a>on May 9, 2020. "As more sellers jump the gun, by the time the fact occurs, the profits those buying the rumor were hoping to cash in on may already be gone."
At the time, Bitcoin traded at $9,913.86 and gold <a href="https://goldprice.org/gold-price-today/2020-05-09">traded </a>at $1,704.66. Bitcoin went on to increased 566.7% since that time, while gold is up 35.8% over the same time period.
"You said this at 1.00, 10.00, 100.00, 1000.00, 10,000, 50,000 and will be saying it when BTC is 1 million dollars per coin. All those poor people that listened to you and stayed in the Gold that you sell. Unreal dude," on users tweeted.
Schiff has famously warned investors against Bitcoin over the years. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358074/peter-schiff-warns-against-piling-risk-assets-like-tech-stocks-and-bitcoin-amid-inf">he cautioned investors </a>looking at "risk assets" like Bitcoin and tech stocks with higher concerns on inflation and recommended his favorite asset instead.
"Investors should be buying gold," he said.
Yusko has <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/35004658/exclusive-mark-yusko-on-bitcoins-future-crypto-protocol-investing-2024-price-target">a price target</a> of $150,000 for Bitcoin over the next year. 
A potential charity bet would echo one made by legendary investor Warren Buffett who famously <a href="https://www.cnbc.com/2018/02/16/warren-buffett-won-2-point-2-million-on-a-bet-and-gave-it-to-girls-inc.html">bet </a>$1 million that the S&amp;P 500 would outperform hedge funds over a 10-year time frame. Buffett won the bet from 2007 to 2017.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36427407/if-you-invested-1-000-in-bitcoin-when-mark-yusko-said-buy-it-on-tv-heres-how-much-youd-hav">If You Invested $1,000 In Bitcoin When Mark Yusko Said &#8216;Buy It,&#8217; On TV, Here&#8217;s How Much You&#8217;d Have Today</a>
Image: Pixabay

Commodities

Bitcoin Vs. Gold: Hedge Funder Mark Yusko Challenges Peter Schiff To $1M Charity Bet To Settle 'Bitcoin Vs. BoomerRocks'

Over the past 24 hours, Immutable's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>) price rose 6.42% to $2.43. This continues its positive trend over the past week where it has experienced a 33.0% gain, moving from $1.8 to its current price. As it stands right now, the coin's all-time high is $9.52. 
The chart below compares the price movement and volatility for Immutable over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1713884558_0.png" alt="price_chart" />
The trading volume for the coin has decreased 32.0% over the past week, while the overall circulating supply of the coin has increased 1.95% to over 1.46 billion. This puts its current circulating supply at an estimated 72.84% of its max supply, which is 2.00 billion. The current market cap ranking for IMX is #33 at $3.52 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1713884558_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$IMX

Cryptocurrency Immutable Rises More Than 6% In 24 hours

Stacks's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>) price has increased 5.77% over the past 24 hours to $3.04. Over the past week, STX has experienced an uptick of over 33.0%, moving from $2.31 to its current price. As it stands right now, the coin's all-time high is $3.86. 
The chart below compares the price movement and volatility for Stacks over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1713884548_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 0.0% over the past week along with the circulating supply of the coin, which has fallen 0.05%. This brings the circulating supply to 1.45 billion, which makes up an estimated 79.97% of its max supply of 1.82 billion. According to our data, the current market cap ranking for STX is #26 at $4.40 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1713884548_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$STX

Cryptocurrency Stacks Up More Than 5% In 24 hours

Janney Montgomery Scott analyst Timothy Coffey upgrades Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) from Neutral to Buy and lowers the price target from $24 to $23.

BSRR

Janney Montgomery Scott Upgrades Sierra to Buy, Lowers Price Target to $23

Maine&#8217;s law enforcement agencies recently busted another illegal grow operation seizing 40 pounds (18 kilograms) of processed cannabis, <a href="https://apnews.com/article/illicit-marijuana-operation-charges-maine-ad17b4bf2cab5cf4379fac394045335b">reported</a> the Associated Press. 
Xisen Guo, a naturalized U.S. citizen born in China, was behind a hidden high-tech cannabis grow operation from his house in Passadumkeag, as per court documents. In February, he was arrested following a police raid of his illegal grow.
Guo's operation appeared on the police radar due to a hike in his utility bills that surged to nearly $9,000 a month from $300 before the house was bought for $125,000 in cash by a limited liability company. During the raid, police also found heat pumps, lighting and additional gear used for the cultivation of marijuana, according to court documents.
Last Friday, Guo was ordered held on federal drug charges.
Meanwhile, the case of Passadumkeag's hidden illicit cannabis grow is just one of roughly a hundred similar illegal weed grow operations in Maine, according to federal law enforcement officials. As of June 2023, some 40 search warrants have been issued.
<h3 class="wp-block-heading">Feds Crack Down On The Illicit Weed Cultivation</h3>
Maine's Congressional Delegation sent a letter to the U.S. Department of Justice (DOJ) in August, calling on the agency to put an end to the presence of foreign-owned and illegally operated <a href="https://www.benzinga.com/government/23/08/34045551/doj-put-on-notice-maines-top-lawmakers-demand-swift-action-on-chinese-illegal-pot-operations">marijuana businesses statewide.</a> &#8220;Law enforcement in the state has identified 270 suspected properties that have been used as illegal Chinese growing operations, producing an estimated $4.37 billion in revenue," the letter said at the time.
The move was followed up when a bipartisan group of 50 congress members from the House and Senate recently urged Attorney General Merrick Garland to look into potential connections between the Chinese Communist Party (CCP) and illicit cannabis cultivation operations not just in Maine, <a href="https://www.benzinga.com/markets/cannabis/24/02/36961341/is-chinese-communist-party-behind-illegal-marijuana-grows-in-us-congress-wants-answers">but throughout the United States.</a>
&#8220;We are deeply concerned with reports from across the country regarding Chinese nationals and organized crime cultivating marijuana on United States farmland,&#8221; <a href="https://dailycallernewsfoundation.org/wp-content/uploads/2024/02/24.02.02-Letter-to-AG-Garland-regarding-CCP-affiliated-marijuana-farms.pdf">wrote</a> the Congress members.
AG Garland told the Senate Appropriations Committee last week that the investigation of international criminal organizations operating illegal marijuana grows in about 20 states is ongoing, under the auspices of the DEA. 
The IRS, Homeland Security and FBI are also part of the investigation.
U.S. Attorney Darcie McElwee said authorities have already put an end to "dozens of operations" over the past months.
"The possible involvement of foreign nationals using Maine properties to profit from unlicensed marijuana operations and interstate distributions makes it clear that there is a need for a strong and sustained federal, state and local effort to shut down these operations," McElwee said.

Cannabis

Government

Regulations

Politics

Tell-Tale Signs Led To Cannabis Bust In Maine As Feds Crack Down On International Criminal Organizations Growing Illegal Weed

Warning: TECFF is at high risk of performing badly

Press Releases

General

TECO 2030 Starts Manual Production of Fuel Cell Stacks

TECO 2030 ASA Expands its Partnership with Chart Industries Inc to Include all Howden solutions for Ship Efficiency and Carbon Emissions Reductions

TECO 2030 completes production of the first stack in Narvik

TECO 2030 and AVL Successfully Complete Feasibility Study on Industrializing Heavy-Duty Truck Systems

TECO 2030 and Skeleton Technologies enter a strategic partnership to boost zero-emission technologies

The IMO accelerates net-zero GHG emissions strategy for international shipping

TECO 2030 and partners to receive EUR 13.5 million Horizon Europe grant for passenger ferry project

TECO 2030 signs MoU with an undisclosed European Motor Company

TECO 2030 and Pherousa Green Shipping sign supply agreement to realize ammonia powered zero-emission deep-sea shipping

TECO 2030 to Present at the Hybrid US Climate Investor Conference December 7th 2023

GTLS

Teco 2030