Consumer Products

Tilray Files for IPO

Tilray has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were mentioned in the filing, although the ...
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Kellogg Issues Recall For Honey Smacks Cereal

Kellogg Co. (NYSE: K) announced on Thursday that it would be recalling about 1.3 million cases of its Honey Smacks cereal because of the potential for Salmonella contamination. The U.S. ...
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What Wedbush Is Watching Ahead of Nike Earnings

The fiscal fourth-quarter earnings for Nike, Inc. (NYSE: NKE) are scheduled to be reported in the next two weeks (June 28), and one analyst thinks this apparel giant could exceed ...
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US Senate Committee OKs Hemp, Moves on for Full Senate Vote

By a vote of 20 to 1, the Senate Committee on Agriculture, Nutrition, and Forestry on Wednesday approved a provision in the 2018 Farm Bill that eliminates hemp from the ...
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Adient Feels the Sting of CEO Departure

Adient PLC (NYSE: ADNT) was one of Monday morning’s worst performing stocks, after it was announced that its Chairman and CEO would be stepping down effective immediately. Also the company ...
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Trump Likely to Support End to Federal Ban on Marijuana

As the U.S. president was leaving Washington, D.C., Friday to attend the G-7 summit meeting in Canada, he suggested that perhaps it was time to bring Russia back into the ...
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It’s Hemp History Week and This Could Be a Historic Year

In late May, the Drug Enforcement Administration (DEA) issued a directive to all employees that reflected the agency's policy on enforcement "with respect to products that are excluded from the ...
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Federal Marijuana Enforcement Gets Tougher–on Illegal Growers

U.S. Attorney General Jeff Sessions, a long-time opponent of marijuana legalization, promised stricter enforcement of federal law when he ascended to the top job at the U.S. Department of Justice. ...
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Marijuana Sales: Strong in Nevada, Disappointing in California

Legal sales of marijuana for recreational use began last July in Nevada and in January in California. Although California sells a lot more legal weed than Nevada, California sales are ...
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Icahn Unloads Part of Herbalife Position, Stock Tanks

Carl Icahn is a longtime owner of a substantial portion of Herbalife Nutrition Ltd. (NYSE: HLF) and has fought off other investors and short sellers who believe the company's core business ...
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In Win for Nepotism, Revlon’s Perelman Promotes Daughter to CEO

Debra G. Perelman was named president and chief executive officer of troubled cosmetics company Revlon Inc. (NYSE: REV). Her father, Ronald O. Perelman owns, via holding company MacAndrews & Forbes, 84.7% ...
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Does Drug Testing for Marijuana Tell Us Anything?

Earlier this month, Quest Diagnostics, the world's leading supplier of diagnostic services, released its 2018 Drug Testing Index reporting results of U.S. employers' 2017 drug-tests. The good news is that ...
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How a Teen Monitoring App Leaked Thousands of User Accounts

The main selling point of a mobile app TeenSafe is that it offered parents a way to keep track of how their teenage children were using their smartphones. Now, it ...
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Medical Marijuana Protection Included in Federal Budget Bill

Last Thursday the House Appropriations Committee attached an amendment to the fiscal year 2019 commerce, justice, and science appropriations bill that would prohibit federal spending to interfere with state medical ...
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CEO Departure Overshadows Bright Earnings at Campbell

Campbell Soup Co. (NYSE: CPB) released its most recent earnings before the markets opened on Friday, as well as some news that was hard for investors to swallow. Despite results ...
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