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WIIM

NCPL

Netcapital shares are trading lower following Q1 earnings.

Netcapital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) reported quarterly losses of $(5.10) per share. This is a 10.63 percent decrease over losses of $(4.61) per share from the same period last year. The company reported quarterly sales of $142.23 thousand which missed the analyst consensus estimate of $2.03 million by 92.99 percent. This is a 90.64 percent decrease over sales of $1.52 million the same period last year.

Earnings

Earnings Misses

News

Netcapital Q1 EPS $(5.10) Down From $(4.61) YoY, Sales $142.23K Miss $2.03M Estimate

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen:
<h2>Recruit Holdings Co., Ltd.</h2>
(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rcrrf#OTC">RCRRF</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. RCRRF is quite a good fit in this regard, gaining 24.3% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 15.2% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, RCRRF is currently trading at 97% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in RCRRF may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2336331/recent-price-trend-in-recruit-holdings-co-rcrrf-is-your-friend-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2336331">To read this article on Zacks.com click here.</a>

Large Cap

Markets

Analyst Ratings

Trading Ideas

RCRRF

Recent Price Trend in Recruit Holdings Co. is Your Friend, Here's Why

Management

La-Z-Boy Appoints Stitch Fix CEO Matt Baer To Its Board Of Directors

Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption date.

Offerings

Bank of America Announces Redemption Of $1.75B 3.093% Fixed/Floating Rate Senior Notes, Due October 2025

Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTHM#NASDAQ">FTHM</a>), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, today announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al.
While we believe the settlement amount is immaterial in GAAP terms, Fathom Holdings is disclosing the details in the spirit of transparency. As part of the settlement, Fathom Realty will pay $500,000 into a settlement fund within 5 days after the settlement is formally approved by the court, $500,000 on or before October 1st, 2025, and $1,950,000 on or before October 1st, 2026. The Company believes that it has, and will generate, adequate funds to make these payments without compromising its business.
Fathom Realty has also agreed to adhere to the rule changes put forth by the National Association of REALTORS.

Legal

FTHM

Fathom Holdings Has Reached A Nationwide Settlement Related To Claims Asserted In Burnett V. The National Association Of Realtors; Fathom Realty Will Pay $500K Into A Settlement Fund Within 5 Days After The Settlement Is Formally Approved By The Court, $500K On Or Before October 1st, 2025, And $1,950K On Or Before October 1st, 2026

AVGR

Avinger shares are trading higher after the company announced it will be issued the U.S. patent number 12,089,868 for the treatment of occlusive coronary artery disease.

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Norwegian Cruise Line&nbsp;is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 20.1%, the stock of this cruise operator is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. NCLH meets this criterion too, as the stock gained 11.8% over the past 12 weeks.
Moreover, the momentum for NCLH is fast paced, as the stock currently has a beta of 2.71. This indicates that the stock moves 171% higher than the market in either direction.
Given this price performance, it is no surprise that NCLH has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NCLH earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, NCLH is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. NCLH is currently trading at 0.94 times its sales. In other words, investors need to pay only 94 cents for each dollar of sales.
So, NCLH appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2336338/norwegian-cruise-line-nclh-is-attractively-priced-despite-fast-paced-momentum?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2336338">To read this article on Zacks.com click here.</a>

Mid Cap

Norwegian Cruise Line Is Attractively Priced Despite Fast-Paced Momentum

Guidance

Healthcare Realty Trust Reaffirms Forward-looking Guidance And Expectations For 2024

Healthcare Realty Trust Rob Hull To Become COO; Austen Helfrich To Be Interim CFO

INSG

Inseego Confirms No Change To Financial Guidance For Q3 2024 Ending September 30, 2024

Community Health Systems' Northwest Healthcare Subsidiary To Acquire 10 Carbon Health Urgent Care Centers In Arizona, Financial Terms Not Disclosed

Cleveland-Cliffs Inc. (NYSE:<a href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) ("Cliffs")is pleased to announce that the holders of common shares (the "Shareholders") of Stelco Holdings Inc. (TSX:<a href="https://www.benzinga.com/stock/STLC#TSX">STLC</a>) ("Stelco") voted in favor of, and overwhelmingly approved, the special resolution (the "Arrangement Resolution") regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the "Stelco Meeting"). The Arrangement Resolution received support of 99.97% of the total votes cast for the Arrangement Resolution. The transaction is expected to close in the fourth quarter of 2024. Upon closing of the transaction, which remains subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement, Stelco is expected to continue as a wholly-owned subsidiary of Cliffs.

Cleveland-Cliffs Announces Shareholder Approval Of Arrangement To Acquire Stelco

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Bridgeline Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blin#NASDAQ">BLIN</a>) is one of them. Here are the key reasons why this stock is a great candidate.
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 21.9% over the past four weeks positions the stock of this company well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. BLIN meets this criterion too, as the stock gained 6.4% over the past 12 weeks.
Moreover, the momentum for BLIN is fast paced, as the stock currently has a beta of 1.94. This indicates that the stock moves 94% higher than the market in either direction.
Given this price performance, it is no surprise that BLIN has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped BLIN earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, BLIN is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. BLIN is currently trading at 0.74 times its sales. In other words, investors need to pay only 74 cents for each dollar of sales.
So, BLIN appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2336336/despite-fast-paced-momentum-bridgeline-digital-blin-is-still-a-bargain-stock?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2336336">To read this article on Zacks.com click here.</a>

Penny Stocks

Small Cap

Tech

BLIN

Despite Fast-Paced Momentum, Bridgeline Digital Is Still a Bargain Stock

New Listings Pick Up, While Fewer Homes Sell and For Less
DENVER, Sept. 16, 2024 /PRNewswire/ -- August's new listings inched up 1.6% over the previous month after decreasing 9.4% in July and 5.2% in June. Up 7.9% year over year, new listings have remained above 2023 levels in seven of eight months year to date.
Meanwhile, home sales declined 3.3% from July across the 49 metro areas surveyed. Home sale transactions were also down 3.8% year over year – just the third month of 2024 thus far to trail 2023.
The median sales price dropped for the second consecutive month to $440,000, 1.1% below July but remained 3.5% higher than the $425,000 median recorded in August 2023. Overall, the median sales price has remained higher year over year for 14 consecutive months since June 2023.
Inventory continued to grow for the sixth consecutive month. It was up 2.4% from July and contributed to the 37.6% increase in homes for sale in August 2024 compared to August 2023.

Macro Economic Events

Econ #s

Economics

RMAX

RE/MAX Says August's New Listings Inched Up 1.6% Over The Previous Month After Decreasing 9.4% In July And 5.2% In June. Up 7.9% YoY, New Listings Have Remained Above 2023 Levels In Seven Of Eight Months Year To Date; New Listings Pick Up, While Fewer Homes Sell And For Less

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares are surging following reports that the company is set to qualify for up to $3 billion in federal funding to produce semiconductors for U.S. military applications. 
The potential grant, part of the CHIPS and Science Act's Secure Enclave program, aims to secure a domestic supply of advanced chips critical for defense and <a href="https://www.benzinga.com/news/24/09/40880571/whats-going-on-with-intel-stock-monday">intelligence purposes.</a>
Intel has been working closely with the U.S. government through various defense programs such as the State-of-the-Art Heterogeneous Integration Prototype (SHIP) and Rapid Assured Microelectronics Prototypes-Commercial (RAMP-C). This latest funding would help expand Intel&#8217;s capabilities in producing cutting-edge semiconductors across its facilities in Arizona, Ohio and other states.
While the company has not officially received the funding, Intel is seen as a frontrunner among chipmakers competing for the grants. 
This comes on top of an already proposed $8.5 billion in grants and $11 billion in loans Intel is negotiating under the broader CHIPS Act, which seeks to revitalize the U.S. semiconductor industry.
INTC Price Action: Intel shares were up by 6.36% at $20.91 Monday at market close, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-1024x541.png" alt="" class="wp-image-550487" style="width:406px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1.png 1393w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40882699/bill-surges-6-in-a-month-should-you-buy-hold-or-sell-the-stock">BILL Surges 6% in a Month: Should You Buy, Hold or Sell the Stock?</a></li>
</ul>
Photo: Shutterstock

Movers

INTC

Intel Shares Jump On Reports Of Possible $3 Billion Military Chip Funding

Blizzard&#8217;s Diablo 4 has reportedly generated $150 million from in-game microtransactions since its release in<a href="https://www.benzinga.com/top-stories/24/06/39488706/get-ready-for-diablo-4-season-5-ptr-highlights-and-expansion-teasers"> June 2023. </a>
The information comes from a now-deleted LinkedIn post by Harrison Froeschke, Blizzard's senior product manager.
<a href="https://www.eurogamer.net/diablo-4-has-reportedly-earned-blizzard-150m-from-microtransactions">According</a> to Eurogamer, in the post, Froeschke said: &#8220;I led the monetisation strategy of the store cosmetics, pricing, bundle offers, personalised discounts, and roadmap planning which have driven over $150m [microtransaction] lifetime revenue.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/23/06/32765224/activision-blizzards-diablo-4-shatters-sales-records-but-in-game-shop-prices-spark-controversy">Activision Blizzard&#8217;s &#8216;Diablo 4&#8217; Shatters Sales Records, But In-Game Shop Prices Spark Controversy</a>
<h3 class="wp-block-heading">Financial Performance Of Diablo 4</h3>
Froeschke's LinkedIn post also provided insight into the broader financial success of Diablo 4. According to Froeschke, the game's sales has &#8220;resulted in over $1bn total lifetime revenue.&#8221;
Blizzard previously reported that Diablo 4 generated $666 million within the first five days of its release. Froeschke's post said that this success is attributed to both direct sales and in-game purchases, noting that their strategy for &#8220;pricing, bundles, and discounts&#8221; was crucial in achieving these figures.
<h3 class="wp-block-heading">Impact Of Xbox Game Pass Changes</h3>
The success of Diablo 4 is also linked to recent changes in Xbox Game Pass. In July, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) introduced a new tier called Game Pass Standard, which removed day-one releases and access to over 40 games, including Diablo 4. 
The removal of these titles could impact the choices of gamers subscribed to this tier. Froeschke's post stressed the significance of maintaining strong monetization strategies outside of subscription services: &#8220;Our focus on in-game purchases has proved essential in achieving substantial revenue.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/23/01/30588987/microtransactions-dominate-30-of-the-200-billion-gaming-market-this-startup-is-fighting-back">Microtransactions Dominate 30% Of The $200 Billion Gaming Market – This Startup Is Fighting Back</a></li>
</ul>
Image credits: Shutterstock.

Gaming

General

MSFT

Blizzard's Diablo 4 Generates $150M From Microtransactions, Contributing To Over $1B In Sales

Box, Inc. Announces Proposed $400M Private Offering Of Convertible Senior Notes Due 2029 With Additional $60M Option, Proceeds To Support Repurchase Of 2026 Notes And General Corporate Purposes

Consistent with the announcement by Udemy, Inc. on July 31, 2024, regarding driving greater operational efficiencies through reduction of organizational layers, optimization of the Company&rsquo;s go-to-market organization, and relocation of certain roles to lower cost locations, on September 11, 2024, the Company committed to a restructuring plan that will impact approximately 280 of the Company&#39;s global employees.
The Company expects to rehire approximately half of the impacted roles, primarily in lower cost geographies. As a result, the Company expects to recognize restructuring charges between&nbsp;$16 million and $19 million, which primarily consist of personnel expenses such as salaries and wages, one-time severance payments, and other benefits.
These charges will be recognized into expense beginning in the third quarter of 2024 and ending in the first quarter of 2025. Cash payments related to these expenses will be spread across the next several fiscal quarters. The restructuring is expected to be completed by March 31, 2025.

UDMY

Udemy Says On September 11, 2024, It Committed To Restructuring Plan That Will Impact Approximately 280 Of Its Global Employees - Filing

New Jersey's cannabis industry is budding with unique cultivators and Brighterside Farms stands out in this growing landscape. Founded by Lyndsey Shaw, this small, family-run operation has cultivated a reputation for producing top-shelf, artisanal cannabis using sustainable, living soil methods. 
Brighterside Farms isn't about mass production: it&#8217;s about crafting a product with heart and identity, something worth seeking out. Shaw's journey, from her consulting roots in Colorado to managing a DEA-controlled experimental grow, has given her a depth of experience that sets her operation apart, offering valuable insights for those curious about the future of craft cannabis in New Jersey.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">DEA Experience: A Unique Edge</h3>
Shaw has been deeply involved in the cannabis industry for over 20 years. In 2006, she and her partner, Frank, began their journey in Colorado as caregivers. As the industry evolved, Shaw shifted into consulting, helping cultivators transition from small-scale, homegrown setups to fully operational commercial grows.
In 2021 when she and her team were selected to manage one of the few DEA-sanctioned cannabis grows. "We had to treat cannabis like it was fentanyl," Shaw explained, referring to the strict Schedule I drug guidelines they had to follow. This high-level compliance experience gave her invaluable knowledge about federal cannabis cultivation protocols, setting Brighterside Farms apart in a rapidly changing industry.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="768" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-768x1024.jpg" alt="" class="wp-image-550233" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-768x1024.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-225x300.jpg 225w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit.jpg 810w" sizes="(max-width: 768px) 100vw, 768px" /></figure>
<h2 class="wp-block-heading">Why New Jersey?</h2>
In 2018, Shaw and her team foresaw the potential of New Jersey's cannabis market. "<a href="https://www.benzinga.com/topic/new-jersey-cannabis">New Jersey</a> is my home," Shaw explained, having grown up in Philadelphia and South Jersey. But more than nostalgia drove this move. With only a few large cultivators operating in the state, there was—and still is—a gap for high-quality, artisanal cannabis. Shaw saw the perfect opportunity to fill it.
<h3 class="wp-block-heading">Sustainability Meets Craftsmanship</h3>
Brighterside Farms uses a living soil system, which is both <a href="https://www.benzinga.com/markets/cannabis/21/09/23003633/watch-legal-ep-iii-cannabis-and-living-soil-with-juan-tambolini-of-uruguays-tambo-farms">environmentally sustainable</a> and cost-effective. The grow beds are filled with organic, nutrient-rich soil that is reused after each harvest, reducing the farm&#8217;s operational costs.&nbsp;
"Our COGs (cost of goods sold) are low," Shaw pointed out. Traditional grow methods, which use Rockwool and salts, discard their growing medium after each cycle, whereas Brighterside Farms refreshes their soil with dry amendments, significantly lowering waste.
The operation spans 2,500 square feet under the canopy and operates with a skeleton crew.&nbsp;
Shaw&#8217;s team includes herself, her partner Frank, a part-time helper and even her mother, who assists with packaging. Despite the small team, the company manages to outpace many larger operations, proving that expertise trumps size when it comes to efficiency.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">NJ Governor Signs Bill Tightening Rules On Hemp: Industry Stakeholders Protest, Big Alcohol Celebrates</a>
<h3 class="wp-block-heading">Brighterside's Market Segmentation&nbsp;</h3>
Shaw has developed three distinct product lines: Heritage, Exotic and Reserve. These categories cater to a broad spectrum of cannabis consumers.
<ul>
<li>Heritage: Focuses on nostalgic strains like Sour Diesel and New York City Diesel, strains that East Coast consumers know and love.</li>
<li>Exotic: Features new and trending strains like Free Mac and Cream Cakes, appealing to the "THC chasers" in the market.</li>
<li>Reserve: A rotating selection of limited-edition strains that keep consumers coming back for something new.</li>
</ul>
All products are hand-trimmed, packaged in glass jars and sealed for freshness. The company is currently selling its products in 19 dispensaries, with over 50 more on the waitlist. This demand speaks volumes about the quality and consistency of Brighterside's offerings.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="768" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-1024x768.jpg" alt="weed cannabis marijuana new jersey" class="wp-image-550229" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-1024x768.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-300x225.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-768x576.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit.jpg 1440w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Courtesy of Brighterside Farms</figcaption></figure>
<h3 class="wp-block-heading">The Power Of Small-Batch Craft Cannabis</h3>
While many New Jersey growers aim for large-scale, commercial operations, Brighterside Farms has chosen a different path: craft cannabis. Its commitment to quality over quantity has helped it carve out a niche in a crowded market. 
"Our consumers are educated," Shaw emphasized. "They're looking for more than just high-THC; they want flavor, aroma and a connection to the plant."
According to Shaw, Brighterside's products deliver a longer-lasting, more potent high due to their higher nutritional value and the careful preservation of<a href="https://www.benzinga.com/general/biotech/24/05/38626097/why-does-tangie-smell-so-fruity-because-non-terpene-compounds-include-guava-papaya-and-passionfru"> terpenes</a>.&nbsp;
"Smoking organic weed is like choosing an heirloom tomato over a mass-produced one—it's just better," she explained. "Our cannabis has a higher nutritional value, which leads to a more sustainable high. Customers have told us, ‘I used to need four jars a week, but with your product, I only need one.'"&nbsp;
Shaw also emphasized the importance of terpenes: "It's what gives cannabis its flavor and aroma, and we want to make sure that when our customers open a jar, they get that full experience." To preserve that quality, she noted, "We hand-trim and seal all our jars with heat induction to lock in freshness, so when you open it, it's like opening something that was just harvested."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1024x683.jpg" alt="" class="wp-image-550235" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">A Brighter Future&nbsp;</h3>
As the farm expands, it remains focused on crafting exclusive strains and participating in the next cannabis cup in <a href="https://www.benzinga.com/topic/new-jersey-cannabis">New Jersey's market</a>.&nbsp;
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/08/40346190/75-for-an-eighth-of-an-ounce-why-are-new-jersey-cannabis-prices-still-so-high"> $75 For An Eighth Of An Ounce? Why Are New Jersey Cannabis Prices Still So High?</a>

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How This Former DEA Consultant Is Making Craft Cannabis Profitable In New Jersey: A 'Dirt-y' Little Secret

Shares of cross-border logistics provider Globavend opened for trading on Wednesday. A clinical-stage biotechnology company and an insurance company also opened up to close out another quiet week for IPOs in the US.

Cross-Border Logistics Provider Globavend Debuts In Quiet Week

American Resources subsidiary merges with SPAC to form new battery company

AI Transportation Acquisition Corp. (AITR) just unveiled an announcement. AI Transportation Acquisition Corp. (AITR) has entered into a significant...

AITR Announces Major Merger with Electrified Materials Corp

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AI Transportation Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering

AI Transportation Acquisition Corp Announces Closing of Initial Public Offering

AI Transportation Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights Commencing January 2, 2024

American Resources Corporation's American Metals LLC Executes Business Combination with Nasdaq Listed AI Transportation Acquisition Corp

American Resources Corporation's American Metals LLC Executes Business Combination Agreement with Nasdaq-Listed AI Transportation Acquisition Corp

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AITR, DIST, AOGO on Behalf of Shareholders

American Resources Corporation Reports Second Quarter 2024 Financial Results and Provides Business Outlook

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~ The proposed transaction represents a total equity value of USD 170 million for the combined company on a pro forma basis ~~ American Metals LLC, a cutting-edge recycler of metals for the electrified economy, operates within the U.S. coal country surrounded by an abundance of copper, aluminum and metal reserves from former thermal coal mines ~~ Leveraging its successful track record, American Metals LLC seeks to expand its preprocessing of both end of life magnets, lithium-ion batteries and ferrous metals to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements ~New York, New York and Fishers, Indiana, July 01, 2024 (GLOBE NEWSWIRE) -- American Resources Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) ("American Resources") wholly-owned subsidiary, American Metals LLC ("American Metals"), and AI Transportation Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AITR#NASDAQ">AITR</a>), a publicly-listed special purpose acquisition company ("AITR"), today announced that American Metals and AITR have executed a definitive business combination agreement (the "Business Combination Agreement") for a proposed business combination (the "Business Combination") in a transaction valued at $170,000,000.

American Resources Corporation's American Metals Completes Business Combination With Nasdaq Listed AI Transportation Acquisition Corp

AI Transportation Acquisition Corp&nbsp;&nbsp;priced its initial public offering of 6,000,000 units at&nbsp;$10.00&nbsp;per unit.

The units are expected to be listed on the Nasdaq Global Market (&quot;NASDAQ&quot;) and trade under the ticker symbol &quot;AITRU&quot; beginning November 9, 2023. Each unit consists of one ordinary share and one right to receive one-eighth (1/8) of one ordinary share upon consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols &quot;AITR&quot; and &quot;AITRR&quot;, respectively

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AI Transportation Acquisition Prices $60M Initial Public Offering Of 6M Units At $10/Unit

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