To The Moon

1. $Nikola Corporation(NKLA)$ 30% surge: CEO addresses truck recall and highlights production progress

Nikola soared over 30% in Thursday after the company’s CEO held a forum to address key business topics and engaged in a question and answer session.

1. Battery-electric truck recall: Girsky assured stakeholders of Nikola's commitment to safety and quick resolution of any truck recall issues.

2. Production and delivery: He highlighted progress in hydrogen truck production and successful customer demos, showing Nikola's positive momentum.

3. Hydrogen infrastructure: Nikola has ambitious plans for hydrogen infrastructure, particularly in California, positioning the company as a leader in hydrogen refueling solutions.

4. Future outlook: Girsky expressed optimism about Nikola's future, driven by customer demand and strong state incentives, emphasizing the company's role in a zero-emissions world.

2. Cannabis company $Canopy Growth Corporation(CGC)$+ 7.76%: ends ties with BioSteel due to financial impact

On September 14, 2023, Canopy Growth Corporation decided to end its association with BioSteel Sports Nutrition because BioSteel initiated legal proceedings in Canada and sought recognition in the United States.

This move was prompted by the fact that BioSteel's business accounted for a significant portion of Canopy Growth's recent financial losses. Canopy Growth's earnings report indicated that BioSteel's business accounted for roughly 60% of the company's first quarter FY2024 adjusted EBITDA loss.

Canopy Growth's CEO, David Klein, mentioned that while BioSteel's business had shown impressive growth, it no longer fit with the company's cannabis-focused strategy.