2 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Cannabis is having a moment. Americans now reach for weed daily more often than they reach for a drink, and THC seltzers sit on shelves at Total Wine and Target like they belong there. RYTHM, the Nasdaq-listed holding company behind a stack of those brands, just had a very nice quarter on the bet that the shelf ****** e is permanent. Congress has other ideas.
RYTHM surged 23% Tuesday after a strong second-quarter print and a possible federal reprieve on the hemp-derived THC ban set to take effect in November. The company posted $1.2 million in net income on $23 million in revenue, up 73% from the prior quarter. The stock is up about 56% over the last 6 months.
The consumer has spoken, and the consumer wants easy access to THC. Daily cannabis use now outpaces daily drinking, per new federal survey data. Many lawmakers, especially Republicans, think they know better.
Let's do some clarity: THC is the main psychoactive ingredient in cannabis, which remains federally illegal in the U.S., though the DEA just wrapped hearings weighing whether to move recreational cannabis from the most restrictive Schedule I to the far less restrictive Schedule III of the Controlled Substances Act. The 2018 Farm Bill legalized THC derived from "hemp," a category Congress invented in statute with no grounding in chemistry. That let products like THC seltzers and gummies flourish in bodegas and grocery stores near you. It's effectively the same product as state-legal dispensary weed with a different retail channel.
#quarter #seltzers
Cannabis is having a moment. Americans now reach for weed daily more often than they reach for a drink, and THC seltzers sit on shelves at Total Wine and Target like they belong there. RYTHM, the Nasdaq-listed holding company behind a stack of those brands, just had a very nice quarter on the bet that the shelf ****** e is permanent. Congress has other ideas.
RYTHM surged 23% Tuesday after a strong second-quarter print and a possible federal reprieve on the hemp-derived THC ban set to take effect in November. The company posted $1.2 million in net income on $23 million in revenue, up 73% from the prior quarter. The stock is up about 56% over the last 6 months.
The consumer has spoken, and the consumer wants easy access to THC. Daily cannabis use now outpaces daily drinking, per new federal survey data. Many lawmakers, especially Republicans, think they know better.
Let's do some clarity: THC is the main psychoactive ingredient in cannabis, which remains federally illegal in the U.S., though the DEA just wrapped hearings weighing whether to move recreational cannabis from the most restrictive Schedule I to the far less restrictive Schedule III of the Controlled Substances Act. The 2018 Farm Bill legalized THC derived from "hemp," a category Congress invented in statute with no grounding in chemistry. That let products like THC seltzers and gummies flourish in bodegas and grocery stores near you. It's effectively the same product as state-legal dispensary weed with a different retail channel.
#quarter #seltzers
3 months ago
Palm Valley Capital Management, an investment management firm, has issued the second-quarter 2026 investor letter for the "Palm Valley Capital Fund." A copy of the letter can be downloaded here. In the second quarter, the fund's investor class gained 1.80%, while the S&P SmallCap 600 rose 19.7% and the Morningstar Small Cap Total Return Index returned 14.0%. The Strategy primarily focused on small-cap categories, allocating 75% to cash equivalents. This led to underperformance relative to benchmarks. The Fund is currently seeking more small-cap opportunities that meet its return criteria and will act swiftly if market conditions improve. The Index benefited from strong contributions from data center construction and biotech sectors, while the energy industry lagged. Additionally, reviewing the fund's top five holdings can reveal its best investments in 2026.
In its second-quarter 2026 investor letter, Palm Valley Capital Management highlighted Molson Coors Beverage Company (NYSE:TAP) as a newly added position. Molson Coors Beverage Company (NYSE:TAP) is a leading brewing company that offers flavored malt beverages including hard seltzers, craft, spirits, and ready-to-drink beverages, and non-alcoholic beverages including premium mixers and energy drinks. On July 7, 2026, Molson Coors Beverage Company (NYSE:TAP) closed at $39.27 per share, reflecting a market capitalization of $7.36 billion. Molson Coors Beverage Company (NYSE:TAP) posted a one-month return of -3.99%, while its shares gained 20.75% over the past 52 weeks.
Palm Valley Capital Management stated the following regarding Molson Coors Beverage Company (NYSE:TAP) in its Q2 2026 investor letter:
"The Fund acquired three new positions during the second quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (NYSE:TAP), and Vontier Corp. (ticker: VNT). Molson Coors is the second largest brewer in North America and a top five global player. Its brewing heritage extends back two centuries. Coors Brewing Company was incorporated in 1913 and merged with Molson in 2005. The firm acquired full ownership of the Miller portfolio in 2016. The company's beer brands include Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, Staropramen, Blue Moon Belgian White, Leinenkugel's Summer Shandy, Miller High Life, and Keystone Light. Beyond the beer aisle, the firm offers Vizzy Hard Seltzer and partner brands such as Simply Spiked, ZOA Energy, and Fever-Tree…" (Click here to read the full text)
In its second-quarter 2026 investor letter, Palm Valley Capital Management highlighted Molson Coors Beverage Company (NYSE:TAP) as a newly added position. Molson Coors Beverage Company (NYSE:TAP) is a leading brewing company that offers flavored malt beverages including hard seltzers, craft, spirits, and ready-to-drink beverages, and non-alcoholic beverages including premium mixers and energy drinks. On July 7, 2026, Molson Coors Beverage Company (NYSE:TAP) closed at $39.27 per share, reflecting a market capitalization of $7.36 billion. Molson Coors Beverage Company (NYSE:TAP) posted a one-month return of -3.99%, while its shares gained 20.75% over the past 52 weeks.
Palm Valley Capital Management stated the following regarding Molson Coors Beverage Company (NYSE:TAP) in its Q2 2026 investor letter:
"The Fund acquired three new positions during the second quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (NYSE:TAP), and Vontier Corp. (ticker: VNT). Molson Coors is the second largest brewer in North America and a top five global player. Its brewing heritage extends back two centuries. Coors Brewing Company was incorporated in 1913 and merged with Molson in 2005. The firm acquired full ownership of the Miller portfolio in 2016. The company's beer brands include Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, Staropramen, Blue Moon Belgian White, Leinenkugel's Summer Shandy, Miller High Life, and Keystone Light. Beyond the beer aisle, the firm offers Vizzy Hard Seltzer and partner brands such as Simply Spiked, ZOA Energy, and Fever-Tree…" (Click here to read the full text)
3 months ago
With a market cap of $7.4 billion, Molson Coors Beverage Company (TAP) is one of the world's largest and most recognized brewers. The company produces and markets a diverse portfolio of beers, flavored malt beverages, spirits, and hard seltzers under iconic brands like Coors Light, Blue Moon, Miller Lite, and Topo Chico Hard Seltzer.
Companies worth less than $10 billion are generally labeled as "mid-cap" stocks and Molson Coors Beverage fits this criterion perfectly. Its extensive brand lineup spans above premium, premium, and economy categories, and with operations across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, the company remains committed to sustainability, corporate responsibility, and brewing excellence.
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Companies worth less than $10 billion are generally labeled as "mid-cap" stocks and Molson Coors Beverage fits this criterion perfectly. Its extensive brand lineup spans above premium, premium, and economy categories, and with operations across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, the company remains committed to sustainability, corporate responsibility, and brewing excellence.
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