Happy Tuesday Cannabis Investors: All eyes were on the Benzinga Cannabis Conference in New Jersey yesterday. If you didn’t attend the Benzinga New Jersey Cannabis Spotlight Conference, this is what you missed.

Plus, dont’ miss the Benzinga Cannabis Capital Conference in Chicago on October 8-9. Get your tickets today.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

CannPowerment, The Startup Behind ButACake, Takes Home Top Prize At Benzinga's Cannabis Market Spotlight

Briefly: CannPowerment took home the top prize at the 2024 Canna Founders Pitch Competition in New Brunswick, New Jersey.

What Happened: The competition, which concluded the Benzinga Cannabis Market Spotlight on Monday, featured five innovative cannabis ventures.

But: It was CannPowerment’s CEO Matha Figaro — the creator of ButACake edibles — who impressed the panel of judges to snag first place and a $5,000 prize.

Why It Matters: For these ambitious entrepreneurs, the Benzinga Cannabis Market Spotlight event served as an unmatched opportunity to connect with industry leaders and gain significant exposure.

Click here to read more.

PRESENTED BY BENZINGA CANNABIS INSIDER TITANS OF FINANCE

ZINGERS

Too Many Cannabis Shops, Too Small Profit: How To Play The Municipal Game In The Legal Weed Era

Can Cannabis 'Bring Retail Back To Life'? Verano, Curaleaf, NewLake Capital Bet Big On Local New Jersey Market

Not DC, But The States: Tim Seymour Discusses How Red States Could Catalyze Cannabis Growth

Ohio's Medical Marijuana Dispensaries Will Soon Change Their Shingle And Include Recreational Weed Sales As $1B Program Moves Forward

Smoke Weed, Stay Off The Booze, German Cops Wanted 'Chill Mood' Ahead Of UK Vs. Serbia Match, That Didn't Happen

ONE MORE FOR THE ROAD

Analyst's Squeeze Play: Can Aurora Cannabis Juice The Shorted Stocks?

Briefly: A short squeeze forces investors betting on a stock's decline to buy back shares at a higher price to avoid losses, triggering a price surge.

So Basically: Analyst Faizan Farooque sees this potential in Aurora Cannabis due to their recent actions and current market conditions.

So Then: Aurora Cannabis continues to be a notable name in the short-squeeze arena, largely due to marijuana's federal illegality in the U.S.

However: Aurora reported its fifth consecutive quarter of positive adjusted EBITDA, with quarterly net sales up 5% to 64.4 million CAD.

So What: A reverse stock split in February 2024 aimed to stabilize the stock price, but Aurora Cannabis is still trading at $5.90, well below its 52-week high of $11.5.

Click here to find out more on why Aurora Cannabis is among the stocks primed for a squeeze.

PRESENTED BY CANNABIS CAPITAL CONFERENCE

Join us on October 8th and 9th in Chicago for the world's largest gathering of cannabis investors - happening just ONE month before the Presidential election.

Buy your tickets, apply to exhibit or become a sponsor here.

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