Greenlane Holdings posted a $24.8 million net loss in Q2 2026, largely due to a $19.1 million non-cash write-down on its digital asset holdings, specifically the BERA token of Berachain, which has dropped 76% this year. The company bought 81.3 million BERA tokens for $70.2 million, now valued at just $16.4 million. Greenlane shifted from cannabis accessories to a digital asset treasury strategy in late 2025, but the sharp decline in BERA’s value and limited cash reserves raise concerns about its financial stability and future operations. The company’s strategy mirrors MicroStrategy’s Bitcoin approach but with higher risk due to focusing on a single, less liquid altcoin.
Two directors of Equitable Holdings sold shares recently, with Bertram L. Scott selling 2,780 shares and Craig C. MacKay selling 2,000 shares. Meanwhile, institutional investors showed mixed activity: Engineers Gate Manager LP drastically cut its hol...
Shares of Greenland-linked mining companies surged following a new U.S.-Denmark-Greenland security agreement that boosted investor interest in Greenland's mineral resources. Greenland Mines Ltd. jumped over 229%, while Critical Metals Corp. rose near...
Biotech stocks and leveraged ETFs were the biggest losers in the market, with Cue Biopharma dropping 23.7% despite positive Phase 2 clinical results. Leveraged ETFs tied to AMD, Strategy, and Novo Nordisk also saw sharp declines due to their daily-re...
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
