Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (ARCA: CPAI)

Dernières nouvelles pour Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (ARCA:CPAI)

Technology

Healthcare

Energy

Industrials

Consumer Cyclical

Consumer Defensive

Communication Services

Financial Services

Basic Materials

Utilities

Other

The Fund seeks to achieve its investment objective by investing at least 80 percent of its assets (plus the amount of borrowings, if any) in common stocks and American Depositary Receipts (ADRs). The Fund holds at least 50 U.S. listed stocks or American Depository Receipts (ADRs). The stocks selected are of companies of any market capitalization and are among the highest-ranking stocks as determined by quantitative models..

Genedx Holdings Corp

Abercrombie Fi

Bill Com Holdings Inc

Gray Television Inc

Zim Integrated Shipping Servic

Navios Maritime Partners L P Com Unit Lpi

Hertz Global Holdings Inc

Vital Farms Inc.

Dell Techn-C

Targa Resources Corp.

Counterpoint Quantitative Equity ETF

Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF

Marijuana Pepsi Vandyck has spent her life embracing a name that has drawn attention, often unwanted, and most always raising eyebrows.
Marijuana was given the name by her mother who was convinced it would provide notoriety and "take her around the world." What the name did was put her in the position of having to answer a million questions and fend off judgment.
Her parents were of the post-Woodstock era when cannabis was coming into its own across the country. "And they would cool off with a Pepsi," Marijuana's aunt,&nbsp;Mayetta Jackson told the <a href="http://archive.jsonline.com/news/milwaukee/40874017.html/" target="_blank" rel="noreferrer noopener">Journal-Sentinel</a>. "I thought it was crazy, but they were such fun-loving people that it suited them." Marijuana's sisters have relatively common names,&nbsp;Kimberly&nbsp;and&nbsp;Robin.
Despite the challenges, Marijuana Pepsi says she&#8217;s proud of her name and never considered changing it, <a href="https://nypost.com/2024/10/01/lifestyle/woman-named-marijuana-pepsi-from-birth-will-never-change-her-name/">wrote</a> the New York Post. Until she was about 10 years old, she thought &#8220;Marijuana was just a beautiful name.&#8221; But when she moved to a new city, she became keenly aware that her name was different.
<h1 class="wp-block-heading">Got A Nickname? Black Names In White Classrooms</h1>
"When people find out my name, they ask my nickname instead. I tell them if calling me Marijuana isn't comfortable, they can call me Dr. Vandyck." 
Indeed, Marijuana, who married Fredrick Vandyck in 2017, earned a Ph.D. in higher education leadership from Cardinal Stritch University in 2019. Her dissertation topic was "Black Names in White Classrooms: Teacher Behaviors and Student Perceptions," which looked at the effects of unique names on the educational experiences of Black students. 
Her research found that students with distinctly Black names were subject to disrespect, stereotypes and low academic and behavioral expectations. Marijuana said her own name elicited the strongest reactions from white teachers.
&#8220;A lot of other people were thinking [my mom] was smoking marijuana and drinking Pepsi,&#8221; she <a href="https://www.npr.org/2019/06/21/734839666/dr-marijuana-pepsi-wont-change-her-name-to-make-other-people-happy">told</a> NPR, neither of which was the case. &#8220;In the black community, we&#8217;re used to having names that are more cultural.&#8221;
Marijuana works at the Community College of Baltimore County, where she uses her platform to promote positive educational experiences and challenge societal norms around identity and expectations. She is also the founder and executive director of&nbsp;Action As Empowerment&nbsp;Consulting &amp; Solutions, LLC. 
People often assume, again wrongly, that she consumes weed or drinks a lot of Pepsi. In fact, she does neither and never has. 
And when weed companies come calling with offers for promotional opportunities, she declines.
"I do get hit up by marijuana companies, but I wouldn't do anything with them unless it was centered around education,&#8221; Marijuana Pepsi said.
Photo: Courtesy Action As Empowerment

Cannabis

News

Education

Politics

Marijuana Pepsi Has Always Been Proud Of Her Name, More So Now With This Honorific: 'Doctor'

Investment manager fund Chicago Atlantic recently <a href="https://www.businesswire.com/news/home/20241001828224/en/Chicago-Atlantic-and-Silver-Spike-Close-Loan-Portfolio-Acquisition-and-Joint-Venture-Transactions">acquired</a> Silver Spike Investment Corp. (NASDAD: SSIC), the only SEC-approved business development company (BDC) focused on lending to the <a href="https://www.benzinga.com/cannabis">cannabis industry</a>.
As a result, Silver Spike has been renamed Chicago Atlantic BDC, Inc., and its ticker symbol will change to $LIEN on October 2, 2024. Chicago Atlantic originates senior secured loans to state-licensed cannabis operators and has consistently traded at a premium.=
"Chicago Atlantic seeks to capitalize on opportunities in private markets by providing debt capital to lower middle-market companies, typically non-sponsor, and unique industries facing structural reasons for an insufficient supply of capital," said the company&#8217;s new CEO, Andreas Bodmeier.
<h3 class="wp-block-heading">Significant Timing For Cannabis Investors</h3>
The acquisition comes at a critical moment for the cannabis industry, as both <a href="https://www.benzinga.com/markets/cannabis/24/09/40677600/harris-campaign-slams-donald-trump-over-cannabis-shift-calls-it-brazen-flip-flop">presidential candidates </a>are signaling support for marijuana reform, rescheduling of cannabis could boost cash flow in the sector. This shift will likely benefit the company's cannabis-focused lending platform.
"We are excited about the prospects for further growth within our core activity of providing capital to high-quality operators within the cannabis ecosystem,&#8221; said Scott Gordon, executive chairman and co-chief Investment Officer. &#8220;As one of the largest direct lenders to the sector, we see significant potential to continue playing an important role in shaping the flow of much-needed debt financing to the industry."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39320509/hedge-fund-settles-at-2-25m-with-sec-for-exposed-short-seller-deal-2-cannabis-stocks-affected">Hedge Fund Settles At $2.25M With SEC For Exposed Short Seller Deal, 2 Cannabis Stocks Affected</a>
<h3 class="wp-block-heading">Unique Market Opportunity</h3>
The merger also creates a unique opportunity for investors. 
Chicago Atlantic BDC allows access to credit alpha that differs from traditional BDCs or private credit funds. Bodmeier pointed out the value of this position, noting that "the rapidly growing cannabis sector represents a compelling example of an industry where capital is in short supply."
This acquisition and joint venture between Chicago Atlantic and Silver Spike are expected to strengthen the company's role in providing financing solutions to cannabis operators.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40506425/new-sec-filings-reveal-major-risks-in-cannabis-etfs-following-recent-volatility-but-theres-still">New SEC Filings Reveal Risks In Cannabis ETFs Following Recent Volatility — But There&#8217;s Still Room For Optimism </a></li>
</ul>
Cover: AI Generated Image

REIT

Economics

Markets

Press Releases

Real Estate

SSIC

SEC-Approved Cannabis Lender Acquired By Investment Giant, Changes Ticker To $LIEN

The Company&rsquo;s board of directors approved such action on August 22, 2024, and the affected employees were informed of this action beginning on October 1, 2024.
The suspension of the Company&rsquo;s operations in China will involve declaring the Company&rsquo;s wholly-owned subsidiary dormant, which is a legal entity status available under current China law. Under this legal entity status, operational activities cease for a time period not to exceed three years.
By pursuing this entity status, the Company will initiate a project to suspend current operational activities, which are estimated to cease on or before December 31, 2024. Suspension activities include disposal and shipment of certain equipment in China, the termination of 2 employees and related benefit costs, and legal entity filing fees.
In connection with this action, the Company estimates that it will incur approximately $400,000 to $500,000 of costs, primarily consisting of employee termination payments, as well as equipment disposal and shipment and legal filing fees. The Company expects that these charges will be incurred primarily in the fourth quarter of 2024.

CLIR

ClearSign Suspends Operations In China Due To Delayed Progress On Commercialization Of Its Products And As Part Of Efforts To Align Strategic Priorities And To Reduce Operating Costs - Filing

Coinciding with this decision, Kate O&rsquo;Brian, President, Scripps News, will be leaving the Company at the end of the year.
Scripps News will no longer broadcast over the air, although it will remain on streaming and digital platforms with weekday live coverage from the field. As a result of these changes, the Company expects to eliminate more than 200 jobs. We expect approximately 50 Scripps News staff members will remain to report for our local news audiences and produce streaming and digital content, all under the Scripps News brand.

E.W. Scripps To Wind Down Scripps News' 24/7 National Network Programming After November 15; To Eliminate More Than 200 Jobs - Filing

Management

SandRidge Energy Names Vincent Intrieri As Chairman, Effective October 1; Jonathan Frates To Step Down As Chairman Today To Transition To The Role Of Executive Vice President And CFO, Effective October 21

Updated Fiscal 2025&nbsp;Outlook
<ul>
<li>Reducing GAAP net income target to&nbsp;$395 million&nbsp;to&nbsp;$445 million, and Diluted EPS target to&nbsp;$2.70&nbsp;to&nbsp;$3.15</li>
<li>Targeting low-end of target ranges of Adjusted EBITDA(1)&nbsp;of&nbsp;$1,380&nbsp;million to&nbsp;$1,480&nbsp;million</li>
<li>Reducing Adjusted Net Income&nbsp;target to&nbsp;$600 million&nbsp;to&nbsp;$615 million&nbsp;and Adjusted Diluted EPS&nbsp;target to&nbsp;$4.15&nbsp;to&nbsp;$4.35</li>
<li>Reducing capital expenditures target by&nbsp;$100 million&nbsp;to&nbsp;$750 million</li>
</ul>

Guidance

Lamb Weston Reaffirms FY25 Net Sales Outlook Of $6.6B - $6.8B (Est $6.615B), Revises Adjusted EPS Target To $4.15 - $4.35 (Est $4.48)

Futu Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) shares continued higher after-hours on Tuesday as shares of China-based companies rose following additional stimulus measures aimed at boosting China's economy were <a href="https://www.benzinga.com/news/24/09/41097864/china-stocks-jump-as-stimulus-optimism-mounts-whats-going-on">announced over the weekend. </a>
The Details: China announced additional stimulus measures including lower mortgage rates and looser real estate purchase restrictions over the weekend. The new measures follow a package of extensive stimulus measures including lower interest rates and additional liquidity for its banking system announced last week. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41071876/mojo-is-back-at-tesla-says-tech-analyst-dan-ives-ahead-of-q3-deliveries">Tesla &#8216;Mojo Is Back,&#8217; Tech Analyst Dan Ives Says Ahead Of Q3 Deliveries</a>
Additionally, China's central bank will set up a swap facility that would give non-bank financial institutions access to at least $71 billion (500 billion yuan) in funding to buy shares, in an effort aimed at stabilizing China's stock market. 
Futu, which operates trading platforms in China and around the world, may benefit from increased capital in the markets resulting from the intensive stimulus package. Futu shares have gained more than 40% over the past five days as investors pile into U.S.-traded Chinese stocks.&nbsp;
FUTU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Futu Holdings shares ended Tuesday&#8217;s session up 12.43% at $107.54; shares are up 0.65% at $108.24 in after-hours trading.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41070564/amazon-prime-day-data-insights-before-october-event-apple-purchases-up-22-celsius-tops-grocery-categ">Amazon Prime Day Data Insights Before October Event: Apple Purchases Up 22%, Celsius Tops Grocery Category</a></li>
</ul>
Photo: Shutterstock

Global

Movers

FUTU

What's Going On With Futu Holdings' Stock?

Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) has outperformed the market over the past 20 years by 3.1% on an annualized basis producing an average annual return of 11.54%. Currently, Gilead Sciences has a market capitalization of $104.43 billion. 
Buying $1000 In GILD: If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $8,831.14 today based on a price of $83.88 for GILD at the time of writing.
<h3>Gilead Sciences's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727818474_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

GILD

$1000 Invested In This Stock 20 Years Ago Would Be Worth $8,800 Today

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 13.29%. Currently, Norfolk Southern has a market capitalization of $56.10 billion. 
Buying $1000 In NSC: If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $12,247.78 today based on a price of $248.14 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727818469_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $12,000 Today

Restructuring Plan
<ul>
<li>Restructuring actions expected to generate approximately&nbsp;$55 million&nbsp;of pre-tax cost savings in fiscal 2025 and a&nbsp;$100 million&nbsp;reduction in capital expenditures in fiscal 2025</li>
<li>Key actions include closing Connell, Washington facility, temporarily curtailing production lines and schedules in North America, reducing approximately&nbsp;4%&nbsp;of global workforce, and eliminating unfilled job positions</li>
<li>Expected to record total estimated pre-tax charges of&nbsp;$200 million&nbsp;to&nbsp;$250 million</li>
</ul>

Lamb Weston Plans Reducing Approximately 4% Of Global Workforce, And Eliminating Unfilled Job Positions

Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.71 by 2.82 percent. The company reported quarterly sales of $1.65 billion which beat the analyst consensus estimate of $1.56 billion by 6.34 percent. This is a 0.66 percent decrease over sales of $1.67 billion the same period last year.

Earnings

Earnings Beats

Lamb Weston Q1 2025 Adj EPS $0.73 Beats $0.71 Estimate, Sales $1.65B Beat $1.56B Estimate

ATCH

AtlasClear Files With SEC  A Notification Of Late Filing For Its Transition Report

Diamondback Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares climbed nearly 3% on Tuesday. Here&#8217;s a look at <a href="https://www.benzinga.com/pressreleases/24/10/g41128615/diamondback-energy-inc-announces-revised-third-quarter-production-and-capital-guidance">what&#8217;s going on</a>. 
What To Know: Diamondback Energy shares traded higher Tuesday as energy stocks jumped amid <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">rising Middle East tensions</a>. Iran launched an attack on Israel following the recent killing of Hezbollah leader&nbsp;Hassan Nasrallah. Iran reportedly fired between 100 and 200 missiles towards Israel on Tuesday.
Diamondback Energy may have also gotten a lift after Wells Fargo analyst Roger Read maintained an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> on the stock Tuesday morning. Read lowered Wells Fargo&#8217;s price target from $230 to $219, but the price objective remains well above current levels.
The Wells Fargo update came on the heels of two similar moves from analysts on Monday. Evercore ISI Group maintained an Outperform rating and lowered its price target to $209, and Truist Securities maintained a Buy rating and lowered its price target to $220.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene Devastation: The Latest On Damage, Companies Affected</a>
What Else: After the market close on Tuesday, Diamondback Energy announced the closing of an acquisition and updated its guidance for the third quarter.
Diamondback subsidiary Viper Energy <a href="https://www.benzinga.com/pressreleases/24/10/g41128596/viper-energy-inc-a-subsidiary-of-diamondback-energy-inc-announces-closing-of-acquisition">completed its acquisition</a> of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV.
The acquisition had a total consideration of approximately $459 million in cash, the issuance of approximately 10.1 million OpCo units to Tumbleweed Royalty and an option granted to Tumbleweed to acquire the same number of shares of Viper&#8217;s Class B common stock as the OpCo units.&nbsp;
Diamondback Energy also updated its third-quarter guidance to reflect the Endeavor Energy Resources deal completed on Sept. 10. Diamondback now expects third-quarter oil production of 319 to 321 MBO/d. The company also anticipates capital expenditures of $675 million to $700 million for the third quarter.
Diamondback is scheduled to report <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> on Nov. 4. Analysts expect the company to report earnings of $4.56 per share and revenue of $2.331 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
FANG Price Action: <a href="http://benzinga.com/quote/fang">Diamondback Energy shares</a> closed Tuesday up 2.97% at $177.52, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Joe from Pixabay.

Analyst Color

Commodities

FANG

What's Going On With Diamondback Energy Stock?

CRGY

PRFT

Crescent Energy To Replace Perficient In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 4

Offerings

F&G Annuities & Life Prices Public Offering Of $500M Of Its 6.250% Senior Notes Due 2034

Following an earlier investment of $5 million from Alumni Capital, this additional $30 million, in exchange for VCI Global common shares, will reinforce VCI Global&#39;s strategic push into its AI cloud computing business, particularly for its planned developments in the&nbsp;second quarter&nbsp;of 2025.
VCI Global retains the right, but is not obligated, to draw on this amount, providing the Company with the flexibility to access the funds as needed, while preserving the option to forgo the drawdown if other resources become available or conditions change.

VCIG

VCI Global Secures New Investment Commitment Of $30M From Alumni Capital

As previously announced, Stem will host its&nbsp;third quarter&nbsp;2024 earnings conference call on October 30, 2024 to discuss its latest financial and operating performance, the execution of its new strategy, and 2024&nbsp;guidance.

STEM

Stem Reveals Refined Go-To-Market Strategy And Leadership Structure Emphasizing Software And Services; Expands Energy Consulting Offerings

This&nbsp;strategic&nbsp;acquisition marks a significant milestone in Summit&#39;s growth strategy, increasing scale in a credit and value accretive manner.
This deal also invloves approximately 7.5 million shares of a combination of SMC Class B common stock and a corresponding number of common units of the Partnership (in an Up-C structure), representing approximately&nbsp;40%&nbsp;ownership in the pro forma Company.
The transaction is expected to close in the&nbsp;fourth quarter&nbsp;of 2024, subject to customary closing conditions, shareholder approval and regulatory approvals.
In addition, Summit will pay&nbsp;$25 million&nbsp;contingent consideration in cash over certain measurement periods through&nbsp;March 31, 2026.&nbsp;
&nbsp;

Summit Midstream To Acquire Tall Oak Midstream Operating, LLC And Its Subsidiaries From An Affiliate Of Tailwater Capital For $155M Upfront Cash Consideration Plus Common Stock

After several short hospital stays, former President Jimmy Carter began receiving <a href="https://www.benzinga.com/news/23/08/33955259/former-president-jimmy-carter-and-first-lady-rosalynn-carter-in-final-chapter-of-life-grandson-revea">hospice care in&nbsp;February 2023</a>.
During that time, observers noted how prolific his life was, not only as the 39th U.S. president but as a young man in the Navy up to his becoming a centenarian.&nbsp;
In honor of Carter&#8217;s turning 100 years old on Tuesday, here are five standout moments from his remarkable career.
<ol>
<li>Carter pulled a Spock. Recall 1982&#8217;s &#8220;The Wrath of Khan,&#8221; when Mr. Spock sacrificed his life to save the Enterprise by restoring warp power in a radiation-filled room. Well, 30 years earlier, when a Canadian nuclear reactor malfunctioned and was melting down for real, a young Navy lieutenant named James Earl Carter Jr. volunteered to help despite the risks. He endured 90 seconds of exposure and <a href="https://www.washingtonpost.com/history/2023/02/20/jimmy-carter-nuclear-reactor-navy/" target="_blank" rel="noreferrer noopener">turned off the valve</a>. </li>
<li>Wounds didn&#8217;t hold him down. In 2019, at age 95, Carter broke his hip. Later that same year, he fell at home. He got a black eye and needed 14 stitches. The following day, he kept his commitment to build homes for Habitat for Humanity to&nbsp;help<a href="https://www.cbsnews.com/news/jimmy-carter-habitat-for-humanity-history-the-carter-work-project/" target="_blank" rel="noreferrer noopener"> </a>families in need. &#8220;He&#8217;s funny and one hard worker,&#8221; CEO of Habitat for Humanity New York City and Westchester County Karen Haycox <a href="https://www.cbsnews.com/news/jimmy-carter-habitat-for-humanity-history-the-carter-work-project/">told</a> CBS News. &#8220;He&#8217;s the first on the site in the morning and very often the last one to leave at the end of the day.&#8221; </li>
<li>Carter: the Grammy winner. Carter has three Grammy Awards in the Spoken Word Album category (he was nominated nine times). The audio recordings that <a href="https://www.grammy.com/artists/jimmy-carter/7405">won</a> are of his books "Faith: A Journey for All" (2019), "A Full Life: Reflections at Ninety" (2018), and "Our Endangered Values: America's Moral Crisis" (2006). </li>
<li>Carter the charmer. Carter once <a href="https://theuijunkie.com/jimmy-carter-joke/">told</a> a joke during a speech in Japan. The audience roared with laughter. Later, he asked what the interpreter said to get the crowd to guffaw. &#8220;President Carter told a funny story; everyone must laugh,&#8221; the interpreter responded. </li>
<li>Rock &amp; Roll President. Carter counts Bob Dylan among his closest friends. Gregg Allman and the &#8220;Godfather of Soul&#8221; James Brown both<a href="https://www.theguardian.com/music/2012/oct/30/jimmy-carter-president-interview" target="_blank" rel="noreferrer noopener"> supported Carter&#8217;s run</a> for presidential office. In fact, Carter&#8217;s White House <a href="https://www.cnn.com/2020/12/29/us/gallery/jimmy-carter-rock-and-roll-president-cnn-films/index.html">served</a> as &#8220;a popular stop&#8221; for musicians on tour. One famous songwriter even hung out on the roof and enjoyed <a href="https://www.benzinga.com/markets/cannabis/23/07/33142215/cocaine-in-the-white-house-willie-nelson-smoked-weed-on-the-wh-roof-with-pres-jimmy-carters-son">cannabis with Carter&#8217;s son</a>.</li>
</ol>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Jimmy Carter: Rock &amp; Roll President &#x7C; Official Trailer" width="500" height="281" src="https://www.youtube.com/embed/AfFF-PP78iA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h3 class="wp-block-heading">Honorable Mention</h3>
<ul>
<li>Carter: Devoted husband. Carter and his wife, former First Lady Rosalynn Carter, were married for 77 years until her death in November 2023. Their families lived next door to each other. When Carter was three years old, his mother helped bring Rosalynn into the world.</li>
</ul>
Now Read: <a href="https://www.benzinga.com/news/23/08/33600052/jimmy-carter-the-oldest-living-president-redefines-hospice-care-with-his-95-year-old-wife-as-they-en">Carter, The Oldest Living President, Redefines Hospice Care And Enjoys Ice Cream With Wife For Their Anniversary</a>
Image: Shutterstock

Jimmy Carter At 100: 5 Things You Didn't Know About The Rock & Roll President

TerrAscend Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TSNDF#OTC">TSNDF</a>) cannabis company <a href="https://www.globenewswire.com/en/news-release/2024/10/01/2956143/0/en/TerrAscend-Closes-on-Remaining-US-26-Million-Draw-of-US-140-Million-Debt-Financing.html">announced</a> that it has completed the second and final draw of $26 million as part of its $140 million senior secured <a href="https://www.benzinga.com/markets/cannabis/24/08/40133450/terrascend-cannabis-wraps-up-140m-debt-financing-no-other-material-debt-maturing-until-2027-says">term loan</a>.
The loan, managed by FocusGrowth Asset Management, LP, was initially announced in August 2024. The new funds were used to pay down higher-interest debt in Michigan, helping the company strengthen its financial position.
<a href="https://www.benzinga.com/markets/cannabis/24/08/40133450/terrascend-cannabis-wraps-up-140m-debt-financing-no-other-material-debt-maturing-until-2027-says">Earlier</a> this year, Jason Wild,&nbsp;executive chairman of TerrAscend said that by closing this financing, the company has &#8220;no other material debt maturing until late 2027&#8221;
<h3 class="wp-block-heading">Key Financial Details</h3>
The loan, which carries a 12.75% interest rate and matures in August 2028, had no prepayment penalties. TerrAscend initially received $114 million from the same loan in August, bringing the total to $140 million. The loan is backed by TerrAscend's assets in Pennsylvania, California, Michigan and certain entities in Maryland.
Ventum Capital Markets acted as the exclusive financial advisor for the transaction.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38749160/cannabis-company-terrascend-posts-q1-2024-gains-in-revenue-and-operational-efficiency">Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency</a>
<h3 class="wp-block-heading">What This Means For TerrAscend</h3>
The funds will assist in the reduction of high-interest debt, especially in Michigan, where TerrAscend continues to expand its presence. It carries an interest rate of 12.75%, up until August 2028, contains no prepayment penalties, and is guaranteed by the Company and TerrAscend USA, Inc. 
No warrants were issued as part of the Loan. 
<h3 class="wp-block-heading">TSNDF Price Action</h3>
TerrAscend&#8217;s shares traded 3.82% lower at $1.26 per share at the time of writing on Tuesday evening.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40133450/terrascend-cannabis-wraps-up-140m-debt-financing-no-other-material-debt-maturing-until-2027-says">TerrAscend Cannabis Wraps Up $140M Debt Financing, &#8216;No Other Material Debt Maturing&#8217; Until 2027, Says Exec Chairman </a></li>
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