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SG FLEET GROUP LTD by SG FLEET GROUP LTD (OTC:SGFLF) Azioni, Report sulle vendite allo scoperto

SG FLEET GROUP LTD by SG FLEET GROUP LTD

The U.S. Securities and Exchange Commission (SEC) is too tough on crypto, 18 Attorneys General allege <a href="https://www.benzinga.com/topic/law">in a new lawsuit</a>. 
What Happened: AGs from 18 Republican-leaning states joined the DeFi Education Fund to file a lawsuit against the SEC for what they consider overly harsh regulation against digital assets.
The plaintiffs are complaining that the SEC, led by Chairman Gary Gensler, is exceeding its authority in an attempt to regulate <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41680397/who-will-replace-gary-gensler-the-top-candidates-for-sec-chair-after-the-election">the entire cryptocurrency sector.</a>
The lawsuit contends that the SEC's expansive approach lacks Congressional authorization, which would be necessary for it to assume such sweeping control.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41986427/pennsylvania-introduces-bitcoin-strategic-reserve-act-to-invest-up-to-700-million-in-btc">Pennsylvania Introduces Bitcoin Strategic Reserve Act To Invest Up To $700 Million In BTC</a>
According to the states, the SEC's "regulation by enforcement" strategy has hindered the growth of a sector.
The complaint states, "The SEC's assertion of sweeping jurisdiction without congressional authorization deprives States of their proper sovereign role and chills the development of innovative regulatory frameworks for the digital asset industry."
The lawsuit also challenges the SEC's enforcement actions, alleging that they lack clear standards and impose undue burdens on industry participants. 
This has resulted in significant financial harm, with some companies moving operations overseas due to regulatory uncertainty, the plaintiffs argue. 
The SEC's regulatory stance &#8220;threatens to displace better-suited state laws that have been carefully designed to ensure consumer protection in the digital asset industry,&#8221; they added.
The timing of the suit coincides with a growing national conversation on digital asset regulation, especially as Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> conference approaches on Nov. 19, where key industry stakeholders and policymakers will discuss the future of cryptocurrency regulation in the U.S.
The states seek declaratory and injunctive relief, urging a return to a state-led regulatory approach that would foster innovation and protect consumers without overstepping federal boundaries.
<h3 class="wp-block-heading">Who&#8217;s Suing?</h3>
The plaintiffs in the lawsuit against the SEC include:
<ul>
<li>Kentucky (AG Russell Coleman)</li>
<li>Nebraska (AG Michael T. Hilgers)</li>
<li>Tennessee (AG Jonathan Skrmetti)</li>
<li>West Virginia (AG Patrick Morrisey)</li>
<li>Iowa (AG Brenna Bird)</li>
<li>Texas (AG Ken Paxton)</li>
<li>Mississippi (AG Lynn Fitch)</li>
<li>Montana (AG Austin Knudsen)</li>
<li>Arkansas (AG Tim Griffin)</li>
<li>Ohio (AG David Yost)</li>
<li>Kansas (AG Kris W. Kobach)</li>
<li>Missouri (AG Andrew Bailey)</li>
<li>Indiana (AG Theodore E. Rokita)</li>
<li>Utah (AG Sean D. Reyes)</li>
<li>Louisiana (AG Elizabeth B. Murrill)</li>
<li>South Carolina (AG Alan Wilson)</li>
<li>Oklahoma (AG Gentner Drummond)</li>
<li>Florida (AG Ashley Moody)</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41985685/investor-loses-25m-due-to-misplaced-crypto-transfer-says-cexs-feel-more-secure">Investor Loses $25M Due To Misplaced Crypto Transfer, Says CEXs Feel More Secure</a></li>
</ul>
Image: Securities and Exchange Commission offices. Photo via Shutterstock.

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

Cryptocurrency

News

Legal

18 Republican States Sue Biden's SEC Over Harsh Crypto Crackdown

A new report from the Anti-Defamation League (ADL) has called attention to the prevalence of extremist and hateful content on Steam, accusing the platform of enabling the <a href="https://www.benzinga.com/general/gaming">spread of such material. </a>
<a href="https://www.adl.org/resources/report/steam-powered-hate-top-gaming-site-rife-extremism-antisemitism">According</a> to the ADL's findings, over 1.8 million instances of hate-related content, including Nazi imagery and support for terrorist organizations like ISIS and Hamas, were discovered during an &#8220;unprecedented&#8221; analysis of Steam&#8217;s vast user base.
Benzinga has reached out to Valve Corporation, the platform&#8217;s parent company, for comment, but the company had not responded at time of publication.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/41952020/76-of-children-plan-to-ask-for-video-games-this-christmas-survey-shows">76% Of Children Plan To Ask For Video Games This Christmas, Survey Shows</a>
The report, published on the ADL&#8217;s website, offers a sweeping look at the types of content found across the platform.
Over the course of its investigation, the ADL examined 458 million user profiles, 152 million group avatars and more than 610 million comments from users. Among the most concerning discoveries were antisemitic symbols, white supremacist propaganda and support for extremist groups, including thousands of mentions of ISIS and Hamas.
In addition to the hateful imagery, the ADL uncovered troubling use of offensive keywords such as "1488," "shekel" and "white power," with nearly 185,000 specific terms identified in extremist contexts. In total, 1.5 million unique users and over 73,000 groups were found to have shared such content.
Despite these alarming findings, the ADL points out a critical gap in Steam&#8217;s content moderation policies. While Valve explicitly prohibits hate speech in its developer and community guidelines — stating that it forbids &#8220;speech that promotes hatred, violence or discrimination&#8221; — the ADL argues that enforcement of these rules remains inconsistent.
<h1 class="wp-block-heading">Valve's Moderation Tools Under Scrutiny</h1>
The ADL&#8217;s report goes on to question the effectiveness of Valve&#8217;s moderation efforts. While the company employs filters and automated tools to screen user-profiles and comments, these measures are not universally applied across all areas of the platform.
Notably, users can disable filters, making it easier for harmful content to slip through the cracks. Furthermore, the ADL asserts that Valve's keyword detection system can easily be evaded, with users modifying words or using ASCII (American Standard Code for Information Interchange) art to circumvent moderation systems.
&#8220;While Steam appears to be technically capable of moderating extremist and hateful content on its platform, the spread of extremist content on the platform is due in part to Valve&#8217;s highly permissive approach to content policy,&#8221; the ADL stated. 
It also pointed out that, in rare instances, Valve has taken down extremist content, but this has often occurred only after external pressure or media attention, rather than as part of a consistent, proactive strategy.
<h1 class="wp-block-heading">Calls For Change In Valve&#8217;s Platform</h1>
The organization has called for a significant overhaul of the company's content governance, urging Valve to implement policies that explicitly prohibit hate and extremism, conduct thorough audits of their moderation practices, and collaborate with researchers and civil society to improve their approach.
&#8220;Major gaming companies are selling their wares on a platform that is not addressing users&#8217; support of extremists and allowing the proliferation of hate,&#8221; Daniel Kelley, the ADL's director of strategy and operations, remarked in an <a href="https://www.bloomberg.com/news/articles/2024-11-14/white-supremacist-nazi-content-spread-on-steam-gaming-platform?srnd=undefined">interview</a> with Bloomberg. 
&#8220;This increases the likelihood that someone will travel all the way down the rabbit hole,&#8221; Kelley added.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/41914135/valves-steam-deck-oled-gets-makeover-heres-what-you-need-to-know">Valve&#8217;s Steam Deck OLED Gets Makeover: Here&#8217;s What You Need To Know</a></li>
</ul>
Photo: Shutterstock

Gaming

General

1.8 Million Instances Of Hate Content On Steam — Is Valve Ignoring Extremism?: Report

Former DoorDash Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) delivery workers are claiming they haven't been paid thousands of dollars in wages from past years and are seeking protection from deportation after Donald Trump's recent win in<a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election"> the 2024 election.</a>
 What Happened: A group of 95 delivery workers claim they were not paid their wages by DoorDash, one of the leading<a href="https://www.benzinga.com/topic/food-delivery"> food delivery companies</a> in the U.S., or by Motoclick, a smaller food delivery company.
Wage theft claims filed claim the workers were not paid more than $78,000 in wages, according to a <a href="https://gothamist.com/news/nyc-delivery-workers-filing-wage-theft-claims-seek-protection-from-deportation-under-trump">report </a>from Gothamist.
"We're not able to pay the rent or send money to our families in our own countries," Juan Iturbide, a former DoorDash delivery worker said.
Iturbide filed his claim against DoorDash with New York City's Department of Consumer and Worker Protection in 2023 according to a <a href="https://documentedny.com/2024/11/13/doordash-immigrant-delivery-workers-stolen-wages/">report </a>from DocumentedNY.
"Delivery work is one of the most dangerous occupations in the city. In addition to risking our lives, we shouldn't have to worry about being robbed by such a wealthy company," Itrubide said, as reported by DocumentedNY. "We deserve to be paid for the service we provide."
The former delivery worker said he is owed around $1,500 by DoorDash in unpaid wages. Iturbide was deactivated by DoorDash in 2021 after five years working as a delivery driver.
Several of the workers, including Iturbide protested outside DoorDash's Manhattan headquarters on Wednesday.
One of the concerns of labor organizers helping the workers is that many claiming lost wages are immigrants without work authorization in the U.S. Bringing the claims forward could put the workers more at risk of deportation under Trump in his second presidential term, according to the report.
"If the federal government is going to fail workers, workers are going to need the protection of city and state agencies to hold these multibillion-dollar companies accountable," Worker's Justice Project executive director Ligia Guallpa said.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41638196/doordash-stock-dips-slightly-after-better-than-expected-q3-results">DoorDash Stock Dips Slightly After Better-Than-Expected Q3 Results</a>
Why It's Important: The claims of unpaid wages could reignite the debate of whether food delivery workers are employees or independent contractors and comes with the timing of Trump's election win and deportation promises. The report said that New York City's 60,000 delivery workers are independent contractors.
New minimum wage laws and rules for delivery workers have added to the claims from workers against delivery companies.
The unpaid wages claims have caught the attention of New York City's Department of Consumer and Worker Protection, who sent a letter to the U.S. Department of Homeland Security in September.
The letter said that immigrant workers who have filed claims should be given protection from deportation proceedings and given legal right to work in the U.S.
DoorDash spokesperson Eli Scheinholtz said it takes concerns on wage theft seriously and investigates all claims to make sure the workers "receive what they're owed."
"Here's what we know to be true: Dashers in New York City get paid for the time spent completing work on our platform, in accordance with the city's minimum pay rules. If their pay does not meet the minimum pay rate at the end of the week, then they receive an adjustment — without exception," Scheinholtz said.
DASH Price Action: DoorDash stock closed Thursday down 1.12% at $173.80 versus a 52-week trading range of $92.56 to $178.16. DoorDash stock is up 80.2% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/08/40536496/doordash-delivers-mattresses-college-student-promotion-puts-spotlight-on-better-sleep">DoorDash Delivers Mattresses? College Student Promotion Puts Spotlight On &#8216;Better Sleep&#8217;</a></li>
</ul>
Photo: Shutterstock

Politics

DASH

DoorDash Workers Claim Unpaid Wages, Seek Protection From Deportation: 'We're Not Able To Pay The Rent'

Earnings

DPRO

Draganfly Q3 2024 GAAP EPS C$(0.06), Sales C$1.885M

Uruguay, the <a href="https://www.benzinga.com/markets/cannabis/23/07/33447320/first-country-to-legalize-weed-celebrates-6-years-of-pot-sales-promised-land-of-cannabis-and-mor">first country in the world</a> to legalize adult-use marijuana in 2013, initially made headlines as a pioneer in <a href="http://benzinga.com/cannabis">cannabis</a> regulation. However, despite early momentum, the industry now faces significant hurdles in export growth, driven by low prices, international trade restrictions and regulatory obstacles. Today, the sector comprises nearly 100 projects and employs around 756 people, with 77% of the workforce based outside the capital.
<h3 class="wp-block-heading">Challenges Impacting Uruguay's Cannabis</h3>
According to a recent <a href="https://www.ambito.com/uruguay/la-industria-del-cannabis-y-sus-desafios-el-escenario-global-n6081303">article</a> in Ámbito Financiero, half of the companies authorized for cultivation and industrialization in 2023 succeeded in <a href="https://www.benzinga.com/markets/cannabis/20/08/16910793/uruguay-exports-1000-pounds-of-cannabis-to-switzerland-announces-new-industry-measures">exporting flowers and medical products</a>. Yet, revenues fell sharply, with a 44% decline from the previous year, totaling just $3 million from 25 tons of hemp sub-products. The dip is largely attributed to low international prices, undermining the financial stability of many enterprises.
The industry remains dominated by small and medium-sized enterprises (SMEs), which account for 96% of the 90 active projects, while only 4% are considered large-scale companies. Despite these challenges, Uruguay managed to rank as the eighth-largest exporter of <a href="http://benzinga.com/topic/medical-cannabis">medical cannabis</a> in 2022, capturing a 2.1% share of the global market with exports of about 15 tons. Nonetheless, production volumes saw a 14% drop compared to the previous year.
<h3 class="wp-block-heading">Regulatory Gaps Hinder Export Growth Amid Business Exits</h3>
As a country with 3.4 million inhabitants, exports play a key role in the growth of the industry. However, one of the major barriers to growth is the restrictive international trade environment. Regulations under the United Nations, combined with diverse national laws, have limited market access and constrained the industry's expansion. The Ámbito Financiero article notes that the absence of a comprehensive regulatory framework has further hampered efforts to increase exports, stifling the potential of Uruguay&#8217;s cannabis <a href="https://www.benzinga.com/markets/cannabis/24/03/37521749/unpacking-the-58b-cannabis-market-boom-bdsa-forecasts-for-2028">in the global marketplace</a>.
<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 <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
Moreover, this challenging landscape has led some companies to exit the market. Aurora Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>), for instance, <a href="https://www.benzinga.com/markets/cannabis/24/09/40970562/nasdaq-listed-aurora-cannabis-breaks-up-with-uruguay-its-not-you-its-the-market">announced its departure from Uruguay in September</a>, citing unmet growth criteria. Similarly, the collapse of Pharmin—<a href="https://www.benzinga.com/markets/cannabis/24/09/40958522/multi-million-dollar-cannabis-facility-auctioned-for-the-price-of-a-studio-apartment-whats-going">whose $9.5 million facility sold for a mere $335,000 at auction</a>—highlights the ongoing uncertainty plaguing the sector.
<h3 class="wp-block-heading">Seeking New Investors For Uruguay's $30M Legal Market</h3>
Despite these setbacks, the industry is actively seeking new investors to reinvigorate growth. Uruguay&#8217;s legal cannabis sector still delivers notable benefits, generating approximately $30 million annually—<a href="https://www.benzinga.com/markets/cannabis/24/10/41629360/criminal-organizations-lose-30m-annually-as-uruguays-legal-cannabis-expands-but-some-say-the-gov">funds that once fueled criminal organizations</a>. The introduction of new strains like Épsilon, featuring a 15% THC content, has been met with strong consumer demand.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41852593/the-diamond-in-the-rough-of-latin-american-cannabis-puerto-ricos-success-secret-explained">&#8216;Diamond In The Rough&#8217; Of Latin American Cannabis: Puerto Rico&#8217;s Success Secret Explained</a>
Meanwhile, some Latin American nations are reassessing their cannabis policies, hinting at possible shifts. In July 2023, Brazil <a href="https://www.benzinga.com/markets/cannabis/23/03/31439551/historic-ruling-to-legalize-cannabis-cultivation-in-brazil-these-weed-companies-will-likely-bene">legalized the possession of marijuana</a>, though sales are still illegal. Argentina&#8217;s state-owned company Cannava <a href="https://www.benzinga.com/markets/cannabis/24/07/39739336/govt-owned-cannabis-company-exports-flower-from-argentina-to-eu-australia-secures-purchase-order">secured multi-million-dollar contracts</a> to export medical marijuana flowers to Germany, Australia and Portugal.
As countries in the region debate drug policy reforms, <a href="https://www.benzinga.com/markets/cannabis/23/06/33000216/united-nations-calls-for-end-to-global-war-on-drugs-health-and-human-rights-instead-of-punishmen">global changes</a> could be crucial for unlocking the industry&#8217;s potential. Until then, Uruguay&#8217;s cannabis industry must navigate difficult waters to sustain its growth.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/11/41891212/7-cannabis-myths-debunked-by-experts-to-empower-users-and-growers">7 Cannabis Myths Debunked By Experts To Empower Users And Growers</a></li>
</ul>
Image created with AI tools.

Cannabis

Latin America

Regulations

Uruguay's Cannabis Industry Struggles Amid Export Barriers, Price Drops

HCW Biologics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCWB#NASDAQ">HCWB</a>) reported quarterly losses of $(0.10) per share. This is a 28.57 percent increase over losses of $(0.14) per share from the same period last year. The company reported $426.42 in sales this quarter. This is a 99.95 percent decrease over sales of $853.10 thousand the same period last year.

HCWB

HCW Biologics Q3 EPS $(0.10) Up From $(0.14) YoY, Sales $426.42 Down From $853.10K YoY

XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) reported quarterly losses of $(0.99) per share. This is a 64.13 percent increase over losses of $(2.76) per share from the same period last year. The company reported $8.42 million in sales this quarter. This is a 12.77 percent increase over sales of $7.47 million the same period last year.

XWEL

XWELL Q3 EPS $(0.99) Up From $(2.76) YoY, Sales $8.42M Up From $7.47M YoY

Metalla Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MTA#AMEX">MTA</a>) reported quarterly losses of $(0.01) per share. This is a 75 percent increase over losses of $(0.04) per share from the same period last year. The company reported $1.62 million in sales this quarter. This is a 19.35 percent increase over sales of $1.36 million the same period last year.

Metalla Royalty Q3 EPS $(0.01) Up From $(0.04) YoY, Sales $1.62M Up From $1.36M YoY

Milestone Scientific (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MLSS#AMEX">MLSS</a>) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $(0.01) by 100 percent. This is unchanged from the same period last year. The company reported quarterly sales of $2.51 million which missed the analyst consensus estimate of $2.61 million by 3.75 percent. This is a 22.04 percent increase over sales of $2.06 million the same period last year.

Earnings Misses

MLSS

Milestone Scientific Q3 EPS $(0.02) Misses $(0.01) Estimate, Sales $2.51M Miss $2.61M Estimate

MSP Recovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIFW#NASDAQ">LIFW</a>) reported quarterly losses of $(1.26) per share. This is a 19.23 percent increase over losses of $(1.56) per share from the same period last year. The company reported $3.67 million in sales this quarter. This is a 733.64 percent increase over sales of $440.00 thousand the same period last year.

LIFW

MSP Recovery Q3 Adj $(1.26) Up From $(1.56) YoY, Sales $3.67M Up From $440.00K YoY

Inhibrx Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBX#NASDAQ">INBX</a>) reported quarterly losses of $(2.84) per share which beat the analyst consensus estimate of $(3.81) by 25.46 percent. This is a 35.31 percent increase over losses of $(4.39) per share from the same period last year.

Earnings Beats

INBX

Inhibrx Biosciences Q3 EPS $(2.84) Beats $(3.81) Estimate

CHMI

Cherry Hill Mortgage Investment Begins Operations As Fully Integrated, Internally Managed Mortgage REIT; Plans To Continue To Pursue Management's Execution Of Residential Mortgage Investment Strategy

Everi Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, announced today that its stockholders have voted at a special meeting of Everi stockholders (the "Special Meeting") to approve the pending simultaneous acquisition of Everi and the Gaming &amp; Digital business of International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) (the "Apollo Funds") through a merger. As previously announced, pursuant to the terms of the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger.

EVRI

Everi Announces That Its Stockholders Have Voted To Approve The Pending Simultaneous Acquisition Of Everi And The Gaming & Digital Business Of International Game Technology By A Newly Formed Holding Company Owned By Funds Managed By Affiliates Of Apollo Global Management; Everi Stockholders Will Receive $14.25 Per Share In Cash For Every Share Of Everi Common Stock They Own Immediately Prior To The Effective Time Of The Merger

GRI Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRI#NASDAQ">GRI</a>) reported quarterly losses of $(0.67) per share. This is a 98.98 percent increase over losses of $(65.78) per share from the same period last year.

ALPS ETF Trusthen & Steers Global Realty Majors ETF

GRI Bio Q3 EPS $(0.67) Up From $(65.78) YoY

The Trade Desk Stockholders Approve Reincorporation Of Company From State Of Delaware To State Of Nevada

Atlantica Sustainable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AY#NASDAQ">AY</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.42 by 66.67 percent. This is a 22.22 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $347.55 million which beat the analyst consensus estimate of $324.54 million by 7.09 percent. This is a 14.34 percent increase over sales of $303.96 million the same period last year.

Atlantica Sustainable Q3 EPS $0.14 Misses $0.42 Estimate, Sales $347.55M Beat $324.54M Estimate

XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) reported quarterly losses of $(0.13) per share. This is a 80.3 percent increase over losses of $(0.66) per share from the same period last year. The company reported $918.00 thousand in sales this quarter.

XTIA

XTI Aerospace Q3 EPS $(0.13) Up From $(0.66) YoY, Sales $918.00K

From the early days of internet forums to today's thriving Reddit communities, cannabis discussions have transformed, offering unprecedented visibility into consumer preferences.  
Caleb Chen, founder of The Highest Critic and a key moderator on Reddit's largest cannabis community, has harnessed this evolution, creating a platform that fills a crucial gap: providing unfiltered, ground-level reviews at a time when the industry is dominated by dispensary marketing.
&#8220;Reviewers on <a href="https://thehighestcritic.com/">The Highest Critic </a>aren't just casual users—they're connoisseurs buying the best cannabis, whether it's from the legal market or the underground scene,&#8221; Chen shared with Benzinga Cannabis. &#8220;Their insights offer an early look at trends, often predicting which strains will become the next big thing in dispensaries.&#8221; 
This approach of gathering authentic, ground-level feedback mirrors the spirit of early online cannabis forums, where enthusiasts first connected over shared experiences.
<ul>
<li>Get Benzinga'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&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">From Usenet To Reddit: The Evolution Of Cannabis Conversations</h3>
Chen traces the history of online cannabis discussions back to the earliest days of the internet. &#8220;Cannabis has been part of the online conversation since the ARPANET era. At the dawn of the internet, one of the first discussions was about weed,&#8221; he explained. This legacy began with Usenet, an early online network launched in the 1980s that allowed users to exchange messages in public forums. 
Usenet was a precursor to today's social media, where cannabis enthusiasts shared growing tips, strain reviews and underground market insights. The collaborative spirit of these early forums laid the groundwork for modern platforms like Reddit, where communities continue to exchange authentic, crowd-sourced information about cannabis products.
<h3 class="wp-block-heading">A Window Into Consumer Preferences</h3>
Chen pointed out how Reddit's <a href="https://www.reddit.com/r/trees/wiki/index/?rdt=49055">r/trees subreddit offers a unique opportunity for brands</a> to gauge market trends early on. &#8220;Reviewers often get their hands on tester products from breeders before they hit<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41725186/with-200-new-dispensaries-and-four-states-voting-on-legalizing-cannabis-could-marke"> dispensaries</a>,&#8221; Chen noted. &#8220;This early feedback loop can predict which cultivars will become top sellers two or three years down the line. It's a real-time look at what heavy users are seeking.&#8221;
For brands, this is invaluable. Insights shared on The Highest Critic go beyond typical <a href="https://www.benzinga.com/topic/cannabis-marketing">dispensary marketing</a>, delving into what consumers truly want. Chen explains that while dispensaries often focus on THC levels as a selling point, Reddit users are more interested in specific effects and unique terpene profiles.
&#8220;Reddit users often look beyond the THC percentage. They want to know what's good, what's worth their money, and what provides the medicinal effects they're looking for,&#8221; Chen said. &#8220;This kind of feedback can help brands refine their offerings and focus on quality, rather than just chasing the highest THC numbers.&#8221;
Read Also:<a href="https://www.benzinga.com/general/health-care/24/11/41959233/yougov-poll-reveals-what-women-want-with-weed-relax-mindfulness-and-great-deals"> YouGov Poll Reveals What Women Want With Weed: Relax, Mindfulness And Great Deals</a>
<h3 class="wp-block-heading">Moderator Challenges</h3>
&#8220;A lot of the moderation involves banning underage users and handling posts from people looking to buy weed illegally,&#8221; Chen said. &#8220;It's a collective effort. Other moderators have been quoted in articles before, responding to inquiries through the official mod mail.&#8221; 
<h3 class="wp-block-heading">How Cannabis Brands Can Leverage Reddit For Market Insights</h3>
For cannabis brands, Reddit's communities offer a unique advantage in <a href="https://www.benzinga.com/topic/cannabis-branding">understanding market trends</a>, particularly the premiumization of cannabis. Chen explained how The Highest Critic has become a trusted resource for identifying new cultivars and genetics before they reach mainstream dispensaries.
&#8220;Many of the reviews we publish are based on tester strains from breeders or small-batch growers. These are the strains that often end up being the next big thing in dispensaries,&#8221; Chen noted. &#8220;By paying attention to what reviewers are excited about, brands can get ahead of the curve and focus on strains that have a<a href="https://www.benzinga.com/markets/cannabis/24/09/40860336/marijuana-sales-hit-record-highs-in-these-6-us-states-is-marijuana-outpacing-alcohol"> strong demand</a> among connoisseurs.&#8221;
Chen also pointed out that Reddit's cannabis forums retain a grassroots, user-driven ethos. While the community provides honest feedback, brands cannot simply buy their way into the conversation.
&#8220;Brands need to engage authentically,&#8221; Chen concluded. &#8220;The community can spot a marketing ploy from a mile away. What resonates more is when a brand listens to user feedback and makes adjustments based on what people are saying on the forum.&#8221;
Read Next: <a href="https://www.benzinga.com/news/legal/24/11/41959036/trump-nominates-another-cannabis-supporter-to-cabinet-rep-matt-gaetz-for-attorney-general">Trump Nominates Another Cannabis Supporter To Cabinet: Rep. Matt Gaetz For Attorney General</a>

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How Reddit's Cannabis Critics Are Helping Brands Spot Market Trends Before They Hit Dispensaries

Scorpius Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#AMEX">SCPX</a>) reported quarterly losses of $(1.43) per share. This is a 98.58 percent increase over losses of $(100.82) per share from the same period last year. The company reported $922.37 thousand in sales this quarter. This is a 27.55 percent increase over sales of $723.13 thousand the same period last year.

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Scorpius Holdings Q3 EPS $(1.43) Up From $(100.82) YoY, Sales $922.37K Up From $723.13K YoY

Fusion Fuel Green Plc ("Fusion Fuel" or the "Company") announced today that it has issued a damages claim against Hydrogenial S.A. ("Hydrogenial" or the "Investor") and its principal, Mr. Norbert Bindner, following their failure to fund the $33.5 million Subscription Agreement disclosed in the Company's Form 6-K on September 11, 2024. Under the terms of this agreement, entered into in good faith by the Company on August 28, 2024, the Investor committed to purchase an aggregate of 43,790,850 Class A ordinary shares (the "Class A Shares"), along with warrants to acquire an additional 13,137,254 Class A Shares, for a total purchase price of $33,500,000.
Pursuant to Section 3 of the Subscription Agreement, the closing was to take place on September 30, 2024, with full payment due at or before the time of the closing. Despite all conditions to closing being met, as confirmed in discussions with Hydrogenial representatives, the Investor failed to fund in a timely fashion. The Company promptly informed Hydrogenial of its breach and requested immediate resolution, and Hydrogenial subsequently provided the Company with a revised closing date of October 25, 2024; however, to date, the Company has yet to receive proceeds from the investment. This continued delay has led Fusion Fuel to pursue legal recourse.
As a direct consequence of the funding delay, Fusion Fuel has filed for insolvency for its Portuguese subsidiary, Fusion Fuel Portugal S.A., out of which the most significant portion of the Company's technology sales and project development activities had been conducted. On the advice of insolvency counsel, the Company has submitted a claim in Portugal for damages incurred due to Hydrogenial's breach. The Company notes that the Investor's obligation under the Subscription Agreement remains in effect notwithstanding the filing of the claim and the insolvency of its Portuguese subsidiary.
In response to these events, Fusion Fuel is actively exploring strategic alternatives to preserve shareholder value, including a potential transaction that management believes could complement the Company's hydrogen business and yield significant synergies. The Company expects to provide further updates in short order.

HTOO

Fusion Fuel Issues Damages Claim Against Hydrogenial S.A. For Failure To Fund $33.5M Subscription Agreement; Announces Insolvency Of Portuguese Subsidiary, Fusion Fuel Portugal S.A.; Fusion Fuel Is Actively Exploring Strategic Alternatives To Preserve Shareholder Value, Including A Potential Transaction That Management Believes Could Complement The Company's Hydrogen Business And Yield Significant Synergies

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