March 4, 2024

24/7 Market News Snapshot 12 Sept 2023

DENVER, Colo., Sept 12, 2023 (www.247marketnews.com)-

News

Cosmos Health Introduces Guidance; Expects to Achieve Over $180M in Gross Annual Revenue and EBITDA in Excess of $20M by 2026; Recaps Significant Events Reported So Far in 2023This morning’s headlines pretty much sums it up and Cosmos Health (COSM:NASDAQ’) is trading at $1.22, up $0.23 (+23.23%), on 21.71M shares traded.

Lyra Therapeutics Announces Positive Topline Results from BEACON Phase 2 Study of LYR-220 for the Treatment of Chronic Rhinosinusitis (CRS) in Patients with Prior Ethmoid Sinus SurgeryAnother thorough headline and Lyra Therapeutics (LYRA:NASDAQ) sees it trading at $4.75, up $0.47 (+10.98%), on 7.03M shares traded.

Geron Announces Appointment of Michelle Robertson as Executive Vice President, Chief Financial Officer and Treasurer, and the Retirement of Olivia Bloom, Geron’s Long-Time Chief Financial Officer Geron (GERN:NASDAQ) is trading at $2.56, up $0.22 (+9.19%), on 3.47M shares traded.

Ascent Solar Technologies, Inc. Achieves New Benchmark of 15.5% in Cell Production Efficiency of its CIGS Solar Technology– Ascent Solar (ASTI:NASDAQ) is trading at $10.75, up $2.23 (+26.18%), on 2.11M shares traded. 

Momos           

Avalo Therapeutics (AVTX:NASDAQ) is trading at $0.15, up $0.06 (+74.32%), on 116.2M shares traded.

T2 Biosystms Inc (TTOO:NASDAQ) is trading at $0.30, up $0.04 (+15.35%), on 29.34M shares traded.

M&A

Lucy Scientific Discovery Announces Second Acquisition– Lucy Scientific Discovery (LSDI:NASDAQ) followed last week’s High Times’ acquisition news with today’s BlueSky Wellness acquisition. The Company that BlueSky’s portfolio of plant-based wellness brands including Keoni, Keoni Sport, Blush Wellness and AMMA Healing generated over $20 million in each of its last two years and an adjusted Ebitda of $3 million, in 2022, and its product offerings enhance HighTimes’ products and platforms.

Lucy Scientific expects to have approximately 25 million shares issued and outstanding; and projects the two transactions on a consolidated basis to add a minimum of $30 million of revenue and $10 million of EBITDA for 2024, assuming both transactions close this year. Lucy expects to complete the BlueSky Wellness acquisition within 90 days and the High Times transaction in two weeks, subject to customary closing conditions.

LSDI is trading at $0.751, up $0.021 (+2.88%), on 256.4K shares traded.

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