Glass House Brands announced preliminary Q1 2026 results with net revenues of $40 million, slightly above guidance but with a gross profit margin of 25%, below expectations. The company updated its full-year 2026 guidance, maintaining revenue forecasts between $235 million and $245 million but lowering gross profit margin to mid-40% and adjusted EBITDA to the high $30 million range. Cost of production is expected to rise to about $111 per pound, up from prior guidance of $100. The company remains focused on reaching a long-term production cost target of $95 per pound. A conference call to discuss results is scheduled for May 13, 2026.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Alpaca, a brokerage infrastructure startup, secured $435 million in funding to enter prime brokerage services, challenging traditional Wall Street firms. The company’s API supports 94% of US equities and powers tokenized stocks for Kraken. Alpaca’s t...
Raymond James Financial's rating was raised to "Buy" after positive investor event disclosures and a promising preview of its upcoming quarterly results. The company is expected to exceed earnings per share consensus for Q3 FY26, driven by strong per...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Whales have accumulated 70 million XRP over the past week, showing strong confidence despite XRP's price consolidating below resistance levels. The XRP Ledger surpassed 8 million activated accounts, indicating growing network adoption across payments...
