Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships

Dogecoin (CRYPTO: DOGE) is striking&nbsp;significant gains&nbsp;late Thursday after Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk expressed his latest support for the meme cryptocurrency and took a dig at apex cryptocurrency <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/">Bitcoin</a> (CRYPTO: BTC).
What Happened: Musk responded in affirmative to a call from&nbsp;Dogecoin co-creator Billy Markus for&nbsp;the Dogecoin community to keep the Shiba Inu-themed coin &ldquo;fun and absurd.&rdquo;
<blockquote class="twitter-tweet">&nbsp;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1408242385662922753?ref_src=twsrc%5Etfw">June 25, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>See Also: <a href="https://www.benzinga.com/money/how-to-buy-dogecoin-doge/">How To Buy Dogecoin (DOGE)</a>
Musk also took a dig at Twitter Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) and Square Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) CEO Jack Dorsey, a Bitcoin supporter, asking if&nbsp;his &quot;B Word&quot; Bitcoin education initiative&nbsp;stood for &ldquo;Bicurious.&rdquo;
<blockquote class="twitter-tweet">Oh right &hellip; Bitcoin haha
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1408244494567456769?ref_src=twsrc%5Etfw">June 25, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The Tesla CEO then posted the classic &quot;lightbulb&quot; joke aimed at Bitcoin maximalists, a vocal group of supporters that back the apex cryptocurrency above all other cryptocurrencies.
<blockquote class="twitter-tweet">How many Bitcoin maxis does it take to screw in a lightbulb?
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1408246196603346947?ref_src=twsrc%5Etfw">June 25, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/06/21711865/are-these-2-cryptos-making-a-bullish-reversal">Are These 2 Cryptos Making A Bullish Reversal?</a>
Why It Matters: Musk has been a major catalyst for Dogecoin&rsquo;s rise to prominence this year. However, the price of the Shuba Inu-themed cryptocurrency has fallen recently amid a <a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21657974/dogecoin-tanks-28-in-massive-crypto-rout-ethereum-falls-below-2-000-mark">broader rout in the cryptocurrency market</a> recently
Musk <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21119489/elon-musk-working-with-dogecoin-devs-to-improve-system-transaction-efficiency">said</a> in May that he was working With Dogecoin developers to improve system transaction efficiency&#39;. He had also asked his social media following for help with improvements to DOGE and asked them to <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21271060/dogecoin-subreddit-crosses-2-million-subshibers-after-elon-musks-call-for-help">submit their ideas</a> on GitHub and Reddit.
Musk said in June that Tesla would <a href="http://www.benzinga.com/markets/cryptocurrency/21/06/21542627/elon-musk-sets-the-record-straight-on-when-tesla-will-accept-bitcoin-again">only get back</a> to accepting Bitcoin when there&rsquo;s &ldquo;a clear confirmation of reasonable (~50%) clean energy usage.&rdquo;
Price Action: Dogecoin is trading 24.5% higher during the last 24 hours&nbsp;at $0.2837 at press time on Thursday. Bitcoin traded 7.3% higher at $35,034.77 over 24 hours at press time.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21658926/elon-musks-development-efforts-could-give-dogecoin-a-value-floor-hopes-cardano-founder">Elon Musk&#39;s Development Efforts Could Give Dogecoin A &#39;Value Floor,&#39; Hopes Cardano Founder</a>

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

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$DOGE

TSLA

TWTR

Dogecoin Strikes Major Gains As Elon Musk Gives A Shout Out To Meme Coin And Takes Digs At Bitcoin

Starbucks Corp&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) is not running out of supplies in cups and coffee, the coffee chain&rsquo;s CEO&nbsp;Kevin Johnson <a href="https://www.cnbc.com/2021/06/24/starbucks-ceo-denies-rumors-of-shortages-in-cups-and-coffee.html">told CNBC</a> on Thursday.&nbsp;
What Happened: Johnson told CNBC the coffee chain was facing operational challenges elsewhere, in bakery case, but dismissed a Wall Street Journal <a href="https://www.wsj.com/articles/starbucks-runs-short-on-cups-and-syrup-as-covid-19-eases-11623287198">report</a> that the Seattle, Washington-based company was facing a shortage of cups and coffee syrups.&nbsp;
See Also: <a href="https://www.benzinga.com/amp/content/20513775" style="text-decoration:none">Starbucks Is Seeing More Demand For Oat Milk Than It Can Meet</a>
There is &ldquo;no shortage of cups, no shortage of coffee,&rdquo; Johnson told CNBC&rsquo;s Mad Money anchor Jim Cramer.
The WSJ report claimed the coffee chain was struggling to spring back up to full operations due to the Covid-19 pandemic.&nbsp;
Why It Matters: Starbucks has temporarily removed beverages based on&nbsp;Oatly Group AB&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otly#NASDAQ">OTLY</a>) oat milk&nbsp;from its app until it restocks inventory, as per the WSJ report that cited the company spokeswoman who added shortages of some items are temporary and vary by store and market.&nbsp;
Starbucks has been going back to limited seating at its U.S. cafes as the economy reopens after being hit by the pandemic. As per the WSJ report, hiring enough workers for cafes has been an issue for Starbucks in some parts of the country.
Price Action: Starbucks shares closed 0.39% higher at $111.99 on Thursday.&nbsp;
For news coverage in French, Italian, or Spanish, check out&nbsp;<a href="https://fr.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga France</a>,&nbsp;<a href="https://it.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Italia</a>, or&nbsp;<a href="https://es.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Espa&ntilde;a</a>.

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Starbucks CEO Dismisses Reports Of Shortages In Cups, Coffee

Clover Health Investments Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clov#NASDAQ">CLOV</a>), Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and ContextLogic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wish#NASDAQ">WISH</a>) are seeing the highest interest on Reddit&rsquo;s r/WallStreetBets forum.
What Happened: Medical insurance technology company Clover Health continues to be the most-discussed stock on the forum with 945 mentions during the last 24 hours at press time, data from Quiver Quantitative showed.
Electric vehicle maker Tesla took the second spot with 878 mentions, followed by ContextLogic, an e-commerce company that operates the Wish platform, with 777 mentions.
The other stocks that are trending on the forum include Canada-based cybersecurity company&nbsp;BlackBerry Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>), EV maker&nbsp;Workhorse Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wkhs#NASDAQ">WKHS</a>),&nbsp;movie theatre chain AMC Entertainment Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>), renewable natural gas company Clean Energy Fuels Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clne#NASDAQ">CLNE</a>) and videogame retailer GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>).
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/06/21707213/teslas-stock-rips-higher-busting-through-a-key-resistance-level">Tesla&#39;s Stock Rips Higher, Busting Through A Key Resistance Level</a>
Why It Matters: Clover Health is the second most shorted stock after Workhorse Group - attracting the short interest of 36.6%, according to High Short Interest Stocks, a website that tracks stocks with short interest of over 20%.
Meanwhile, Tesla&rsquo;s shares extended gains to a third straight day on Thursday after it was&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/21/06/21706367/why-teslas-stock-is-trading-higher-again-today">reported</a> that the company is seeing strong demand for its Model 3 and Model Y vehicles in the U.S.
Price Action: Clover Health shares closed 0.3% lower in Thursday&rsquo;s regular trading session at $13.79 and further declined another 0.3% in the after-hours session to $13.75.
Tesla shares closed 3.5% higher in the regular trading session at $679.82 and further rose almost 0.2% in the after-hours session to $681.00.
ContextLogic shares closed almost 5.8% higher in the regular trading session at $14.39 and further rose almost 0.5% in the after-hours session to $14.46.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/06/21707113/why-bofa-is-bullish-on-reddit-stock-bed-bath-beyond">Why BofA Is Bullish On Reddit Stock Bed, Bath &amp; Beyond</a>

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CLOV

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WKHS

Clover Health, Tesla, Wish, BlackBerry, Workhorse Continue To See High Interest From WallStreetBets

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) will begin opening up its Supercharger network to rival electric automakers starting September 2022, as per an Electrek&nbsp;<a href="https://electrek.co/2021/06/24/tesla-confirms-plan-open-supercharger-network-other-automakers-next-year/" style="text-decoration:none">report</a>.&nbsp;
What Happened: As per the report, the Elon Musk-led electric vehicle company had recently been in contact with officials in Norway to secure incentives for setting up charging stations. Norway, however, awards incentives only to charging stations that are open to all automakers.&nbsp;
Tesla has applied for benefits to expand five fast-charging stations, agreed to meet the conditions for open use and for the first time set a timeline as to when it plans to open the network for all, as per Electrek.
The Palo Alto, California-based company&rsquo;s vast charging network is so far exclusive to Tesla owners. The company has however in the past indicated that it is open to the idea of sharing the Supercharger network with other automakers.
See Also: <a href="https://www.benzinga.com/news/21/05/21027737/tesla-installs-25-000th-supercharger-expands-reach-to-mount-everest-base-camp" style="text-decoration:none">Tesla Installs 25,000th Supercharger, Expands Reach To Mount Everest Base Camp</a>
Why It Matters: Tesla has been rapidly scaling up its charging infrastructure amid rising competition from rivals and has quickly deployed more than 25,000 chargers at over 2,700 stations around the world.&nbsp;
So far, other electric vehicles can turn to third-party networks such as Ionity, Electrify America or ChargePoint Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NYSE">CHPT</a>) to charge their EVs.&nbsp;
At the same time, rivals such as Nio Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) and Xpeng Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) have developed their own charging networks and have already scaled up presence in China, a key market for Tesla&rsquo;s growth, even as they eye expansion in Europe and the United States.
Price Action: Tesla shares closed 3.54% higher at $679.82 on Thursday.
See Also: <a href="https://www.benzinga.com/news/21/06/21361265/nio-opens-second-line-under-power-up-plan-what-you-need-to-know" style="text-decoration:none">Nio Opens Second Line Under Power Up Plan: What You Need To Know</a>
Click&nbsp;<a href="https://www.benzinga.com/electric-vehicles" rel="noopener noreferrer" target="_blank">here&nbsp;</a>to check out Benzinga&#39;s EV Hub for the latest electric vehicles news.

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Tesla Tells Norwegian Authorities Will Open Supercharger Network To All Automakers Next Year

Roc-A-Fella Records (RAF), co-founded by American rapper Jay-Z and music producer Damon Dash, is now suing the latter for attempting to sell Jay-Z&rsquo;s debut album as an NFT.
What Happened:&nbsp;According to a <a href="https://www.rollingstone.com/music/music-news/jay-z-roc-a-fella-records-dame-dash-reasonable-doubt-nft-lawsuit-1186875/amp/" style="color:#0563c1; text-decoration:underline">report</a> from Rolling Stone, Dash planned to sell an NFT of the copyright to the album Reasonable Doubt at an auction on the SuperFarm platform from June 23 to June 25.
However, the planned auction was intercepted by Roc-A-Fella, which sent letters to SuperFarm and Dash alleging the sale was &ldquo;improper&rdquo; and calling for the auction to be canceled.
SuperFarm said it had canceled the sale, but Dash is still reportedly &ldquo;in the process of finding another venue to consummate this improper transaction,&rdquo; according to the record label.
Why It Matters: &ldquo;It&rsquo;s not a matter of if, only when. But Dash does not even own Reasonable Doubt or its copyright and, therefore, has no right to sell the album or any rights to it. Instead, RAF, Inc. owns all rights to Reasonable Doubt. The sale of this irreplaceable asset must be stopped before it is too late, and Dash must be held accountable for his theft,&rdquo; alleges the <a href="https://www.courtlistener.com/docket/59998799/1/roc-a-fella-records-inc-v-dash/" style="color:#0563c1; text-decoration:underline">complaint</a> filed by RAF.
Dash claims he wasn&rsquo;t trying to sell an NFT of&nbsp;Reasonable Doubt,&nbsp;but rather his stake in Roc-A-Fella Records after the label supposedly tried to purchase it at a low price.
The lawsuit details an announcement from SuperFarm, which states that the future owner of the Reasonable Doubt NFT would be entitled to all future revenue generated by the album.
&ldquo;This marks a new milestone in the history of NFT&rsquo;s, entitling the new owner to future revenue generated by the unique asset&hellip; Selling the copyright to Jay-Z&rsquo;s&nbsp;Reasonable Doubt&nbsp;as an NFT is a groundbreaking landmark &mdash; both for the crypto space and the broader music industry.&rdquo;
Dash, however, claimed there hadn&rsquo;t been an announcement at all when asked about the SuperFarm auction details.
&ldquo;So there&rsquo;s been no announcement, it&rsquo;s not minted, none of that. No auction was shut down, you never heard of an announcement,&rdquo; said Dash to Rolling Stone.
&ldquo;You know this game. They did it on a Friday so it could just run the whole weekend to devalue my auction.&rdquo;

Fintech news covering the emerging Financial Technology services sector

Fintech

$ETH

Jay-Z's Record Label Sues Co-Founder For Trying To Sell First Album As NFT

Cryptocurrency staking platform StakeHound has filed a lawsuit against crypto custodian Fireblocks, alleging that the latter was responsible for losing $75 million worth of Ethereum (CRYPTO: ETH).
What Happened: According to documents obtained by <a href="https://www.calcalistech.com/ctech/articles/0,7340,L-3910671,00.html" style="color:#0563c1; text-decoration:underline">Calcalist</a>, the suit filed at the Tel Aviv District Court claims that a Fireblocks employee did not back up the private keys to a digital wallet, which was later deleted, resulting in the assets being lost.
&quot;This is a human error committed by an employee of the defendants, who worked in an unsuitable work environment, did not protect or back up the defendant&rsquo;s private keys needed to open the relevant digital wallet, and for no apparent reason, the keys were deleted, preventing the plaintiff&rsquo;s digital assets from being accessed,&rdquo; stated the complaint.
Fireblocks went on record to deny any negligence on its part, saying that there were &ldquo;factual issues&rdquo; with StakeHound&rsquo;s lawsuit.
&ldquo;I assume this is as a result of them being stressed and basically trying to throw the blame on someone who has a bigger balance sheet,&rdquo; said Fireblocks CEO Michael Shaulov to <a href="https://www.forbes.com/sites/emilymason/2021/06/23/fireblocks-ceo-denies-negligence-in-75-million-ether-loss/?sh=104a7f0c2c37" style="color:#0563c1; text-decoration:underline">Forbes</a>.
StakeHound claims that &quot;this is not a simple situation where the private keys were simply lost, rather, the defendants did not transfer the relevant private keys to Coincover as required and agreed upon.&rdquo;
Read also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21707584/two-south-african-brothers-disappear-with-3-6b-worth-of-bitcoin-in-biggest-scam-to-date">Two South African Brothers Disappear With $3.6B Worth Of Bitcoin In Biggest Scam To Date</a>
However, Shaulov said that StakeHound never told Fireblocks to send their half of the BLS (Boneh&ndash;Lynn&ndash;​Shacham) key to Coincover or utilized a built-in tool to verify that backup was successful.
Earlier this year, Fireblocks raised $133 million in Series C funding, with strategic <a href="https://www.benzinga.com/markets/cryptocurrency/21/03/20232726/bny-mellon-invests-in-cryptocurrency-custodian-fireblocks" style="color:#0563c1; text-decoration:underline">investment</a> from Bank of New York Mellon&nbsp;(NYSE:&nbsp;<a href="https://www.benzinga.com/stock/BK#NYSE" style="color:#0563c1; text-decoration:underline">BK</a>).
The company is one of the largest crypto custody providers for several institutions, including&nbsp;Facebook, Inc (NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/FB#NASDAQ" style="box-sizing:inherit; --tw-shadow:0 0 transparent; --tw-ring-inset:var(--tw-empty, ); --tw-ring-offset-width:0px; --tw-ring-offset-color:#ffffff; --tw-ring-color:rgba(59,130,246,0.5); --tw-ring-offset-shadow:0 0 transparent; --tw-ring-shadow:0 0 transparent; line-height:inherit; cursor:pointer; font-variant-ligatures:normal; font-variant-caps:normal; orphans:2; text-align:start; widows:2; -webkit-text-stroke-width:0px; word-spacing:0px; color:#0563c1; text-decoration:underline">FB</a>), which is expected to launch its cryptocurrency Diem later this year.

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StakeHound Sues Crypto Custodian Fireblocks For 'Losing $70M ETH,' Report Says

U.S. Infrastructure development is front and center in the national conversation. After many years of stagnation, the United States seems to be moving toward meaningful infrastructure spending. On March 31st, the Biden Administration announced <a href="https://www.globalxetfs.com/what-president-bidens-2t-american-jobs-plan-could-mean-for-u-s-infrastructure/">the American Jobs Plan</a>. The plan seeks to revitalize the country&rsquo;s backbone through sweeping federal spending across major infrastructure areas. These include components of physical infrastructure like roads and bridges, ports and waterways, buildings, and public transit; as well as next-gen areas like clean energy and related CleanTech, modernized water utilities, and digital infrastructure.&nbsp;
The Jobs Plan is currently the subject of spirited debate in Washington as members of both parties negotiate the specifics of what would be drafted into law. While it is uncertain how closely any legislation might mirror the Jobs Plan, we expect a significant public spending bill to pass in 2021, funneling billions of dollars to U.S. infrastructure-exposed companies. This includes companies involved in construction and engineering services, products and equipment, raw materials and composites, as well as industrial transportation.
<img alt="" src="https://www.benzinga.com/files/u360337/x_chart_1.png" style="height:416px; width:650px" />
U.S. Infrastructure development is front and center in the national conversation. After many years of stagnation, the United States seems to be moving toward meaningful infrastructure spending. On March 31st, the Biden Administration announced <a href="https://www.globalxetfs.com/what-president-bidens-2t-american-jobs-plan-could-mean-for-u-s-infrastructure/">the American Jobs Plan</a>. The plan seeks to revitalize the country&rsquo;s backbone through sweeping federal spending across major infrastructure areas. These include components of physical infrastructure like roads and bridges, ports and waterways, buildings, and public transit; as well as next-gen areas like clean energy and related CleanTech, modernized water utilities, and digital infrastructure.&nbsp;
The Jobs Plan is currently the subject of spirited debate in Washington as members of both parties negotiate the specifics of what would be drafted into law. While it is uncertain how closely any legislation might mirror the Jobs Plan, we expect a significant public spending bill to pass in 2021, funneling billions of dollars to U.S. infrastructure-exposed companies. This includes companies involved in construction and engineering services, products and equipment, raw materials and composites, as well as industrial transportation.
<img alt="" src="https://www.benzinga.com/files/u360337/jacob.png" style="height:441px; width:650px" />
HUBBELL: MANUFACTURING ELECTRICAL PRODUCTS FOR AN ELECTRIFIED FUTURE
Hubbell is a products and equipment company that manufactures electrical products used across diverse end-markets and settings. Hubbell&rsquo;s products could play a role in several areas U.S. infrastructure development areas, including:
<ul>
<li>Buildings: Produces equipment and components used in electrified buildings and structures across most sectors, from residential to commercial and industrial. These include products related to electrical transmission, permanent/temporary lighting, and improving energy efficiency, as well as those used in building construction and engineering projects.</li>
<li>Clean Energy &amp; CleanTech: Manufactures products used in renewable energy projects. This includes components used in renewable electricity generation and transmission, as well as in construction and installation of renewable energy sources. Hubbell also manufactures electrical products used in utility-level power distribution including smart grid components.</li>
<li>Digital Infrastructure: Offers equipment and components used in data centers and telecommunications infrastructure. These products include cables, connectors, and devices used in data transmission and electrical transmission, as well as equipment like server racks, wall mounts, and cable management systems.&nbsp;</li>
</ul>
Products and equipment companies like Hubbell could benefit from broad investment in U.S. infrastructure. The Jobs Plan features over $300B+ of spending related to clean energy and CleanTech. Hubbell&rsquo;s electrical product offering would position them to benefit from such spending. Though this portion of the Plan is a subject of great debate in Washington, less contested and similarly massive spending on buildings and digital infrastructure could also translate to revenues for Hubbell. In our view, Hubbell&rsquo;s 92% revenue exposure to the U.S. and close relationship with construction engineering companies like Quanta Services adds credence to their ability to capture infrastructure revenues.
<img alt="" src="https://www.benzinga.com/files/u360337/hubble.png" style="height:497px; width:650px" />
INSTEEL: ENABLING RESILIENCE THROUGH RAW MATERIALS &amp; COMPOSITES
Insteel is a raw materials and composites company that manufactures reinforcing steel wiring. Insteel products are employed across various concrete construction applications, including projects related to:
Transportation &amp; Buildings: Manufactures steel welded wire reinforcement (WWR) products that improve the structural integrity of concrete. One of these products, standard welded wire reinforcement, prevents concrete from cracking, an essential feature of resilient buildings and&nbsp;
<ul>
<li>bridges. Engineered structural mesh, another WWR product, distributes weight evenly throughout concrete, fortifying weight-bearing infrastructure like tunnels and bridges. Insteel also sells drawn steel wire with a multitude of applications including use in railroads.</li>
<li>Water Utilities: Offers concrete pipe reinforcement as a part of its WWR offering. This steel wiring reinforces concrete piping used for wastewater collection and management, as well as in irrigation projects.</li>
</ul>
Raw materials and composites companies like Insteel provide the critical ingredients that form physical infrastructure assets. Buildings, transportation, and water utilities are likely to feature welded wire reinforcement and other steel wire reinforcement products, as is standard. A new emphasis on longevity and resilience could drive further usage of these products as infrastructure is built or retrofitted to withstand extreme weather events and the test of time. Insteel could be particularly well-positioned to benefit from this spending, considering its 99.5% revenue exposure to the U.S.&nbsp;
UNION PACIFIC CORPORATION: DELIVERING INFRASTRUCTURE BY RAIL &amp; ROAD
Union Pacific is an industrial transportation company that operates the largest railroad network in the United States, spanning more than 50K miles across 23 states. They serve clients across most sectors, shipping construction products, industrial chemicals, raw materials and composites, energy, and food across the western U.S. Like many industrial transportation companies, Union Pacific&rsquo;s services go beyond the reach of their railroads and include door-to-door and last mile delivery.&nbsp;
In our view, industrial transportation companies like Union Pacific are essential enablers of U.S. infrastructure development. They are the companies that bring the raw materials and composites and the products and equipment that make up infrastructure to construction sites. Infrastructure development often involves building new infrastructure in previously hard to reach places &ndash; this is a challenge for those initially building this infrastructure. Door-to-door industrial transportation services help solve these logistical challenges and improve the efficiency of construction and engineering companies.
CONCLUSION
Broad U.S. infrastructure development legislation appears to be on the horizon and smaller, modular legislative efforts are already underway. In April, the Senate passed the bipartisan Drinking Water and Wastewater Infrastructure Act of 2021, which would invest $35B in water infrastructure if passed into law. And as a part of recent COVID relief legislation, Congress approved $7B of spending on digital
infrastructure and $31B of spending on transportation systems., We expect this spending to translate to greater and additional revenue streams for companies across the U.S. infrastructure development value chain.
Investing involves risk, including the possible loss of principal. Narrowly focused investments typically exhibit higher volatility. Investments in infrastructure-related companies have greater exposure to the potential adverse economic, regulatory, political and other changes affecting such entities. Investment in infrastructure-related companies are subject to various risks including governmental regulations, high interest costs associated with capital construction programs, costs associated with compliance and changes in environmental regulation, economic slowdown and excess capacity, competition from other providers of services and other factors. PAVE is non-diversified.
This information contains a manager&rsquo;s opinion, is not intended to be individual or personalized investment or tax advice, and should not be used for trading purposes.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider the fund&rsquo;s investment objectives, risks, and charges and expenses. This and other information can be found in the fund&rsquo;s full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC.

ETFs

Four Companies That Could Help Develop Infrastructure in the United States

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: SORWF)</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.

Cannabis

Penny Stocks

AFGC

AUSAF

GRYN

KERN

SILFF

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

Ameer and Raees Cajee, founders of South African crypto exchange Africrypt, have&nbsp;reportedly disappeared with 69,000 Bitcoin (CRYPTO: BTC) $3.6 billion worth of client funds.
In doing so, twenty-year-old Ameer Cajee and his seventeen-year-old brother Raees Cajee may have pulled off the biggest exit scam in history.
What Happened: According to a report from <a href="https://www.bloomberg.com/news/articles/2021-06-23/s-african-brothers-vanish-and-so-does-3-6-billion-in-bitcoin" style="color:#0563c1; text-decoration:underline">Bloomberg</a>, the scam dates back to mid-April, when AfriCrypt&rsquo;s investors were notified in an email that the platform was shutting down and freezing all accounts following a hack that compromised client accounts, wallets, and nodes.
The founders also advised the investors against reporting the hack to law enforcement, claiming it would &ldquo;slow down the recovery process.&rdquo;
&ldquo;We were immediately suspicious as the announcement implored investors not to take legal action,&rdquo; said South African law firm Hanekom Attorneys.
&ldquo;Africrypt employees lost access to the back-end platforms seven days before the alleged hack.&rdquo;
What Else: An investigation revealed that the Cajee brothers had pooled together the investor funds from an account at Johannesburg-based First National Bank (FNB) before disappearing.
The pooled funds are also virtually untraceable&nbsp;after having gone through several coin mixers.
South Africa&rsquo;s Finance Sector Conduct Authority currently can&#39;t investigate Africrypt given that crypto assets are &ldquo;not legally considered financial products,&rdquo;&nbsp;but the case is being handled by an elite unit of the national police force.
Price Action: At press time, Bitcoin was trading at $34,753,&nbsp;up 4.17% in the past 24-hours.
The leading cryptocurrency had a daily trading volume of $32 billion, according to data from <a href="https://coinmarketcap.com/currencies/bitcoin/" style="color:#0563c1; text-decoration:underline">CoinMarketCap</a>.

Two South African Brothers Disappear With $3.6B Worth Of Bitcoin In Biggest Scam To Date

G Medical Innovations Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMVD#NASDAQ">GMVD</a>) (the &quot;Company&quot;), a telehealth, medical device, and remote patient monitoring company providing clinical-grade solutions for consumers, medical professionals, and healthcare institutions, today announced the pricing of an underwritten initial public offering of 3,000,000 units, each consisting of one ordinary share and one warrant to purchase one ordinary share, at a combined public offering price of&nbsp;$5.00&nbsp;per unit for aggregate gross proceeds of approximately&nbsp;$15.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters&#39; option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 units at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about June 29, 2021, subject to satisfaction of customary closing conditions.
The Company has received approval to list its common stock and warrants on the Nasdaq Capital Market under the symbols &quot;GMVD&quot; and &quot;GMVDW&quot;, respectively, with trading expected to begin on June 25, 2021. Each warrant is exercisable for one ordinary share at an exercise price of&nbsp;$6.25&nbsp;per share and will expire four years from the date of issuance.
EF Hutton, division of Benchmark Investments, LLC, is acting as sole book-running manager for the offering.
The Securities and Exchange Commission (&quot;SEC&quot;) declared effective a registration statement on Form F-1 (File No. 333-253852) relating to these securities on June 24, 2021. A final prospectus relating to this offering will be filed with the SEC. The offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th&nbsp;Floor, New York, NY, 10022, Attention: Syndicate Department, or via email at&nbsp;<a href="https://www.globenewswire.com/Tracker?data=ekrFJ9KX58zqeCwWzd1X36wNR4aIZo9n2NacY65Ew2n6MOr6CKc1xgjM7MuEUAeQ7eYDEF6TEPeFgsgP8CnyM9TKHFqtlbqf6mXRFZnn943oQbT9GwJVXmnGMxfFgpUr" target="_blank">syndicate@efhuttongroup.com</a>&nbsp;or telephone at (212) 404-7002.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

IPOs

GMVD

G Medical Innovations Holdings Announces Pricing Of $15M IPO At $5/Unit

Metromile Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mile#NASDAQ">MILE</a>), an insurance-focused fintech powered by data science and machine learning, had its cloud-based technology platform, Metromile Enterprise, integrated by leading direct mail platform Lob.
About: Founded in 2011, Metromile caters to non-traditional car owners, such as those that use transportation services like Uber Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) and Lyft Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>).
Using big data and intelligent systems, the company tailors its rates to driver behavior, resulting in lower premiums.
What Happened: Licensing is also a big part of Metromile&rsquo;s business.
Metromile STREAMLINE &ndash; a core fraud, underwriting, and AI technology &ndash; integrated by Lob, who automates direct mail for more than 8,500 businesses, allowing leading insurance companies to send trusted offline communications with the speed and flexibility of digital engagements.
With STREAMLINE, Lob will tap into Metromile&rsquo;s Enterprise&rsquo;s no-code claims automation, allowing end property and casualty insurers to process claims and payouts quicker, at less cost.
&ldquo;Consumers look to insurance companies to help make them whole again after a claim as quickly as possible. Metromile STREAMLINE gives insurance carriers a tool to eliminate the hassle and error-prone processes and make claims payments faster, improving customer, claimant and employee satisfaction,&rdquo; said Amrish Singh, Metromile Enterprise general manager.
Why It Matters: Property and casualty insurers mail more than 75% of insurance claims payments, which means claimants, in some cases, wait weeks to access funds.
Together, Metromile Enterprise and Lob will help insurance carriers eliminate touchpoints, as well as reduce costs to print and mail checks, and issue payments sooner.
&ldquo;Consumer expectations have forced changes in every industry, including insurance, where digital transformation is accelerating, particularly post-pandemic,&rdquo; said Divya Chittor, VP of product at Lob. &ldquo;Automating these processes has made a significant impact on our customers. Lob is focused on enhancing the customer experience, and our partnership with Metromile Enterprise does just that - by streamlining paper payments, it provides a safe, secure, and timely return on investment for the customer.&rdquo;

LYFT

MILE

UBER

Lob, Metromile Eliminate Insurance Touchpoints, Streamline Clunky Processes

Agree Realty Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adc#NYSE">ADC</a>) announced the release of a <a href="https://agreerealty.com/wp-content/uploads/2021/06/Agree_Whitepaper_MicroFulfillmentComparison_f.pdf">study</a> on macro- versus micro-fulfillment in the grocery space.
What Happened: Agree Realty is a self-administered and managed real estate investment trust based out of Farmington Hills, Michigan.
As part of a vision to unpack how retailers are boldly innovating to improve service, experience and profitability through fulfillment strategies, Agree Realty commissioned the release of a new whitepaper.
Retailers are looking to rapidly cut down on fulfillment costs and improve profitability, according to Agree. This comes as grocery e-commerce sales are becoming more dominant; by 2025, online market share will be as high as 20%, up from 4% pre-COVID-19, across the U.S. and Canada.
Also highlighted are developments like Kroger Co&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) partnership with Ocado Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ocddy#OTC">OCDDY</a>) over the construction of Centralized Fulfillment Centers, or CFCs, in addition to the implications of growth in micro-fulfillment and Walmart Inc&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) part in that.
Why It Matters: Agree Realty is focused on ownership, development, acquisition&nbsp;and management of retail properties net leased to national tenants.
In releasing this study, Agree Realty improves transparency on fulfillment issues for market participants.
Takeaway: &ldquo;While e-commerce grocery offerings ramp, retailers will continue to refine their model relative to the nexus of profitability and consumer demand,&rdquo; Agree Realty strategists say.
Photo:&nbsp;Rachel Claire from Pexels.

REIT

Real Estate

OCDDY

Understanding The Importance Of Macro- And Micro-Fulfillment In Retail

A new article from the nonprofit news site ProPublica&nbsp;claims&nbsp;Peter Thiel, co-founder of Palantir Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>) and one of the early investors in Facebook Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>),&nbsp;accumulated $5 billion by 2019 in a tax-free <a href="https://www.benzinga.com/money/best-roth-ira-accounts/">Roth individual retirement account</a> (IRA) that he opened 20 years earlier with $1,700.
The Story: ProPublica&rsquo;s <a href="https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank">article</a>, titled &ldquo;Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank,&rdquo; highlighted how Thiel deposited 1.7 million in one-tenth-of-one-cent shares of the then-private PayPal Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) into his Roth IRA in 1999. Within a year, Thiel&rsquo;s Roth saw its value expand to $3.8 million, and he later used some of the funds from this account to finance his tech industry investments.
At no point in the story did ProPublica identify Thiel as violating U.S. tax codes or any federal laws, although it liberally used phrases like &ldquo;risked running afoul of rules&rdquo; and &ldquo;a Bermuda-style tax haven right here in the U.S.&rdquo; to describe the investor and his vehicle.
The article noted Thiel was audited on his taxes in 2011, but nothing amiss was found, and it also made four different references to Thiel&#39;s application for residency in New Zealand, although that had nothing to do with his Roth IRA.
ProPublica noted that PayPal&rsquo;s filing with the U.S. Securities and Exchange Commission filing prior to its initial public offering showed Thiel&rsquo;s founders&rsquo; shares were among those sold at &ldquo;below fair value.&rdquo; Although the regulator didn&#39;t raise a red flag at the time, ProPublica found belated outrage from Victor Fleischer, a tax law professor at the University of California, Irvine.
&ldquo;That&rsquo;s a huge scandal,&rdquo; Fleischer said. &ldquo;How greedy can you get?&rdquo;
Related Link: <a href="https://www.benzinga.com/news/21/06/21670121/where-is-americas-mosquito-capital">Where Is America&#39;s Mosquito Capital?</a>
The Story Behind The Story: Much of the data presented by ProPublica is sourced from Thiel&rsquo;s federal income taxes, which are supposed to be confidential records that are not in the public domain.
Earlier this month, ProPublica <a href="https://www.benzinga.com/government/21/06/21473485/report-cites-confidential-irs-data-to-reveal-tax-histories-of-elon-musk-jeff-bezos-other-billionaire">stated</a>&nbsp;it &quot;obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation&#39;s wealthiest people, covering more than 15 years.&quot; How the nonprofit gained this data is unclear, since ProPublica acknowledged this data is confidential. The Internal Revenue Service is investigating the source of leak.
But while ProPublica didn&#39;t find anything illegal to pin on Thiel, Justin Elliott, one of the reporters who authored the coverage, told&nbsp;<a href="https://www.youtube.com/watch?v=IiKwKIABwX4">CNBC</a>&nbsp;it nonetheless seemed unfair. While acknowledging Thiel &ldquo;couldn&rsquo;t know it was going to be worth tens of millions&rdquo; when he opened the Roth IRA in 1999, Elliott was unsatisfied with how Thiel used the vehicle.
&ldquo;The larger policy issue here is that when Congress created Roth IRAs in the late 90s, it was really intended to be a sort of modest incentive for middle-class Americans to save for retirement,&rdquo; he said. &ldquo;The question now is: Is there really any policy justification for ultra-wealthy people like Peter Thiel having literally billions of dollars in a tax-free account &ndash; why should he get that advantage versus another investor? Clearly that is more than enough to retire on.&rdquo;
Photo: Heisenberg Media / Flickr Creative Commons.

PLTR

PYPL

What To Know About Peter Thiel's $5B Tax-Free IRA

Nike On China Says Began To See Recovery, Improving To Single-Digit Decline In May, Sequentially Improving Into June

Nike CFO Says Continue To See Retail Sales Growth, Consumer Demand Exceeding Supply With Inventory Down Double Digits Versus Prior Year; Says On China Business Was Impacted In April, Adj. Operations By Suspending Marketing Activities And Product Launches

Nike Says On China, Says Month-To-Month Date Retail Sales Trends Approaching Prior Year Levels'

<h3>GAINERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/HRVOF" target="_blank">Harvest One Cannabis</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hrvof#OTC">HRVOF</a>)&nbsp;shares closed up 10,38% at $0,09</li>
<li><a href="https://quotes.benzinga.com/quote/ALEAF" target="_blank">Aleafia Health</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aleaf#OTC">ALEAF</a>)&nbsp;shares closed up 7,86% at $0,35</li>
<li><a href="https://quotes.benzinga.com/quote/GNLN" target="_blank">Greenlane Hldgs</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>)&nbsp;shares closed up 7,16% at $4,19</li>
<li><a href="https://quotes.benzinga.com/quote/VFF" target="_blank">Village Farms Intl</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vff#NASDAQ">VFF</a>)&nbsp;shares closed up 6,78% at $11,18</li>
<li><a href="https://quotes.benzinga.com/quote/YCBD" target="_blank">cbdMd, Inc.</a>&nbsp;(AMEX:YCBD)&nbsp;shares closed up 3,15% at $6,42</li>
<li><a href="https://quotes.benzinga.com/quote/CNTMF" target="_blank">Cansortium</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cntmf#OTC">CNTMF</a>)&nbsp;shares closed up 5,84% at $1,06</li>
<li><a href="https://quotes.benzinga.com/quote/GTBIF" target="_blank">Green Thumb Industries</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>)&nbsp;shares closed up 5,79% at $31,94</li>
<li><a href="https://quotes.benzinga.com/quote/EMHTF" target="_blank">Emerald Health</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/emhtf#OTC">EMHTF</a>)&nbsp;shares closed up 5,74% at $0,18</li>
<li><a href="https://quotes.benzinga.com/quote/TGODF" target="_blank">Green Organic Dutchman</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>)&nbsp;shares closed up 5,5% at $0,29</li>
<li><a href="https://quotes.benzinga.com/quote/UGRO" target="_blank">Urban-gro</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ugro#NASDAQ">UGRO</a>)&nbsp;shares closed up 5,24% at $10,45</li>
<li><a href="https://quotes.benzinga.com/quote/CGC" target="_blank">Canopy Gwth</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>)&nbsp;shares closed up 4,88% at $24.72</li>
<li><a href="https://quotes.benzinga.com/quote/CWBHF" target="_blank">Charlottes Web Holdings</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cwbhf#OTC">CWBHF</a>)&nbsp;shares closed up 4,8% at $4,03</li>
<li><a href="https://quotes.benzinga.com/quote/CRON" target="_blank">Cronos Group</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>)&nbsp;shares closed up 4,39% at $9,03</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/INLB" target="_blank">Item 9 Labs</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/inlb#OTC">INLB</a>)&nbsp;shares closed down 6,09% at $2,93</li>
<li><a href="https://quotes.benzinga.com/quote/CNGGF" target="_blank">Cann Gr</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnggf#OTC">CNGGF</a>)&nbsp;shares closed down 5,94% at $0,29</li>
</ul>
<a href="https://quotes.benzinga.com/quote/TBPMF" target="_blank">Tetra Bio Pharma</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tbpmf#OTC">TBPMF</a>)&nbsp;shares closed down 4,01% at $0,29
<ul>
<li><a href="https://quotes.benzinga.com/quote/FLOOF" target="_blank">Flower One Hldgs</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/floof#OTC">FLOOF</a>)&nbsp;shares closed down 3,98% at $0,18</li>
</ul>
<a href="https://www.benzinga.com/cannabis/stocks/">Check out a full list of cannabis stock movers in real time following this link.</a>
Lead image by Ilona Szentivanyi. Copyright: Benzinga.

After-Hours Center

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

CNGGF

CNTMF

CRON

CWBHF

EMERALD HEALTH THERAPUTCS by Emerald Health Therapeutics Inc.

EMHTF

FLOOF

GNLN

GTBIF

HRVOF

INLB

TETRA BIO-PHARMA INC ORD by Tetra Bio-Pharma Inc.

TBPMF

GREEN ORGANIC DUTCHMAN by Green Organic Dutchman Hlgds.

TGODF

UGRO

Cannabis Stock Gainers And Losers From June 24, 2021

<h2>Gainers</h2>
<ul>
<li>Mirati Therapeutics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrtx#NASDAQ">MRTX</a>) shares are trading higher after the company announced it received Breakthrough Therapy Designation from the FDA for patients with advanced non-small cell lung cancer harboring the KRAS G12C mutation.</li>
<li>Tonix Pharmaceuticals (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnxp#NASDAQ">TNXP</a>) shares are trading higher after the company said plans are advancing to construct a commercial-scale manufacturing facility to develop, manufacture vaccines in the Bitterroot Valley.</li>
<li>Nike (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. The company also reported it saw 141% growth in North America sales, 107% growth in EMEA and 9% growth in China.</li>
<li>Fuwei Films (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffhl#NASDAQ">FFHL</a>) shares are trading higher after the company reported Q1 EPS and sales results were up year over year.</li>
</ul>
<h2>Losers</h2>
<ul>
<li>FedEx (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) shares are trading lower after the company reported Q4 earnings results.</li>
<li>United Parcel Service (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>) shares are trading lower in sympathy with FedEx after the company reported Q4 earnings results.</li>
<li>Theravance Biopharma (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbph#NASDAQ">TBPH</a>) shares are trading lower after the company announced a proposed public offering of ordinary shares. No terms were disclosed.</li>
</ul>

Movers

FFHL

MRTX

TBPH

TNXP

7 Stocks Moving In Thursday's After-Hours Session

Synchronoss Technologies, Inc. (<a href="https://www.globenewswire.com/Tracker?data=juDNWptiXVPn2R7VmE9kqku_xY9nBbGPX7kOpTyC70m6BUxMPE5WWt-qlWYnG41J680IhLXnX4H18U2RHltdGBTSBtQgjapGHIzpok87-Oh2YUR5lpqlB1C-BG6IjrC4FN4XPvpHzFObUk4RF7QR_PhHhL_6_I6472ml449aE2x-mkKRxVc-mLumQJKnQnxF1YaBZShlmEPP73yZmfvUbw==" target="_blank">SNCR</a>) (the &quot;Company&quot; or &quot;Synchronoss&quot;), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that the Company intends to offer and sell, subject to market and other conditions,&nbsp;$100 million&nbsp;of shares of its common stock in an underwritten public offering. Synchronoss also expects to grant the underwriters a 30-day option to purchase up to an additional&nbsp;$10 million&nbsp;of shares of common stock sold in the offering, at the public offering price, less the underwriting discounts and commissions. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. 
&nbsp;
All of the shares in the offering are to be sold by Synchronoss, with net proceeds of the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), expected to be used to fully redeem all outstanding shares of Synchronoss&#39; Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss&#39; revolving credit facility.
B. Riley Securities, Inc. (&quot;BRS&quot;) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.
Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement,&nbsp;$120 million&nbsp;aggregate principal amount of senior notes due 2026 (the &quot;Senior Notes&quot;). In addition, B. Riley Principal Investments, LLC (&quot;BRPI&quot;), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase&nbsp;$75.0 million&nbsp;of the Company&#39;s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.
The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC&#39;s web site at&nbsp;<a href="http://www.sec.gov/">www.sec.gov</a>. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. When available, copies of the preliminary prospectus supplement relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing&nbsp;<a href="mailto:prospectuses@brileyfin.com">prospectuses@brileyfin.com</a>.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Offerings

SNCR

Synchronoss Technologies Announces Proposed $100M Public Offering Of Common Stock

The Board of Directors of BankFinancial Corporation (the &quot;Company&quot;) increased the total number of shares currently authorized for repurchase under the Share Repurchase Program by&nbsp;900,000 shares. As of&nbsp;June 24, 2021,&nbsp;a total of&nbsp;99,661 shares&nbsp;remained authorized for purchase pursuant to the previous share repurchase authorization. Therefore, as of June 24, 2021, the total number of shares authorized for repurchase is&nbsp;999,661. The share repurchase authorization remains in effect through&nbsp;November 15, 2021. 
&nbsp;
The authorization permits shares to be repurchased in open market or negotiated transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The authorization will be utilized at management&#39;s discretion, subject to price, volume and other internal limitations that will be established by the Company&#39;s Board of Directors, and to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. Share repurchases will be funded from specifically allocated working capital, if and as available.
The authorization does not obligate the Company to purchase any particular number of shares at any given price per share at any time. The implementation of the authorization is contingent upon adequate liquidity to consummate the authorized repurchases at then current market prices, including the proceeds from the potential future declaration of dividends from the Company&#39;s bank subsidiary. Share repurchases may be suspended, terminated, or modified at any time for any reason, including market prices for the Company&#39;s stock and other market&nbsp;conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, sufficient liquidity to consummate repurchases, and other factors deemed appropriate. These factors, as well as internal restrictions on trading in the Company&#39;s shares during specific time periods, may also affect the timing and amount of share repurchases.
BankFinancial Corporation is the holding company for BankFinancial, NA, a national bank providing banking, wealth management and&nbsp;fiduciary&nbsp;services to individuals, families and businesses in the Chicago metropolitan area and on a regional or national basis for commercial finance, equipment finance, commercial real estate finance and treasury management business customers. BankFinancial Corporation&#39;s common stock trades on the Nasdaq Global Select Market under the symbol &quot;BFIN.&quot; Additional information may be found at the company&#39;s website,&nbsp;www.bankfinancial.com.&nbsp;&nbsp;At March 31, 2021, BankFinancial had total assets of&nbsp;$1.620 billion, total loans of&nbsp;$1.029 billion, total deposits of&nbsp;$1.422 billion&nbsp;and stockholders&#39; equity of&nbsp;$171&nbsp;million.&nbsp;
This release includes &quot;forward-looking statements&quot; as defined in the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as &quot;believes,&quot; &quot;will,&quot; &quot;expects,&quot; &quot;project,&quot; &quot;may,&quot; &quot;could,&quot; &quot;anticipate,&quot; &quot;estimates,&quot; &quot;intends,&quot; &quot;plans&quot; and similar expressions. These statements are based upon the current beliefs and expectations of the Company&#39;s management and are subject to significant risks and uncertainties. A variety of factors could cause the Company&#39;s actual results to differ from those expected at the time of this release. For a discussion of some of the factors that may cause actual results to differ from expectations, please refer to the Company&#39;s most recent Annual Report on Form 10-K as filed with the SEC. Investors are urged to review all information contained in these reports, including the risk factors discussed therein. Copies of these filings are available at no cost on the SEC&#39;s web site at&nbsp;<a href="http://www.sec.gov/">http://www.sec.gov</a>&nbsp;or at&nbsp;<a href="http://www.bankfinancial.com/">http://www.bankfinancial.com</a>. Forward looking statements speak only as of the date they are made, and the Company does not undertake to update them to reflect changes.

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