3 Top Marijuana Stocks That Could Take Off in 2024

The demand for cannabis is growing on a global scale. With legalization and decriminalization happening all around the world, many analysts and investors believe that marijuana will be a growing industry in the next decade. Get the latest report on 3 pot stocks set to take off in 2024!

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Broncos' Browning headlines new investment platform for fans to buy stock in their favorite players

ARNIE STAPLETON
February 29, 2024

DENVER (AP) -- A new investment platform that allows fans to buy and sell shares in the future on-the-field earnings of college and professional athletes has received federal approval to begin trading on the U.S. stock market.

Denver Broncos linebacker Baron Browning will headline Vestible Inc.'s initial offering the week of March 18.

Vestible is entitled to 1% of Browning's on-field income, which will be distributed to shareholders, for the remainder of his NFL playing career.

Vestible announced on Thursday the launch of its app for iPhone and Android after it received clearance from the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.

Fans who register on the platform can buy stock in athletes beginning with Browning, a rising young edge rusher who is entering a contract year in 2024, when he'll make about $3.1 million with the potential for a substantial pay raise with free agency a year away.

Vestible will make available up to 100,000 shares at $10 apiece in Browning's public offering. Shareholders will receive monthly dividend distributions or they can trade Browning's stock on the platform which operates alongside Templum Markets, Vestible's broker dealer.

Browning, who will receive 80% of the proceeds from his IPO, fits Vestible's profile as an up-and-coming player with a massive upside potential.

"You see the potential for what his next contract could look like, the potential for what kind of player that he could be in this league," said Vestible cofounder Yves Batoba. "That type of upside is really where the intrigue is. Not just from a football standpoint, but of course from an investment standpoint, as well."

Browning made a successful switch from inside linebacker to edge rusher in 2022 but he also suffered a partially torn right meniscus that season that caused him to miss training camp last summer and the first six games in 2023. Upon his return, he played a major role in Denver's defensive-fueled turnaround.

"It's cool to think I'm going to have my own stock," Browning told The Associated Press recently, calling the new investment platform "a game-changer not just for me, but for athletes everywhere."

Vestible is the brainchild of Batoba and Parker Graham, former teammates on Oklahoma State's football team more than a decade ago who each had brief stints in the NFL -- Graham as an offensive tackle for the Baltimore Ravens in 2014 and Batoba as the Miami Dolphins assistant director of player development for several years.

After football, Graham went to work in investment management and founded the banking software company Finotta. This is his second start-up. After several years with the Dolphins, Batoba branched out into comprehensive athlete development.

As they tell it, they found out how to combine their skills three years ago when they cofounded Vestible to allow athletes to sell equity in their professional playing careers with fans investing via IPOs.

Other platforms have attempted to unite the sports and investment worlds, but those ventures used tracking stocks with values tied to an athlete's on-field performance. Vestible's securities are solely based on market demand.

Vestible intends to follow Browning's launch in the coming months with other athletes from across the NFL, NBA, college football and NCAA men's and women's basketball. But the focus now is on Browning and other football players.

"Baron is an athlete who is waiting on his next contract. It's kind of like a prove-it season for him," Graham said. "So he's got a lot of his future (earning) potential locked away from him right now. And so a part of what we're doing is helping him access that capital that helps him create that brand value he has today.

"And a lot of athletes are experiencing that exact same problem. So, a lot of them will be similar to that sort of persona, folks who haven't really made their big second contract yet but are excelling and outperforming the contract that they're currently in."

___

AP NFL: https://apnews.com/hub/NFL

Continue Reading...

Popular

Top 3 Tech Stocks That May Explode This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit has announced that it purchased nearly 40 acres (16.2 hectares) of land in the Black Hills of South Dakota amid a growing movement that

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Key Nvidia, Apple Supplier TSMC To Receive $6.6B From US Government For Arizona Plant

The funding, a part of the U.S. CHIPS and Science Act, will bolster TSMC's over $65 billion investment in three advanced fabrication plants in Phoenix, Arizona.

Why Phoenix Motor Shares Are Surging Premarket Monday

Phoenix Motor expects revenue of $8-$9 million in Q1 FY24, up from $1.8 million in Q1 2023, thanks to strategic initiatives.

This Surprise AI 'Twist' Has Sent 50 Stocks up 100% or More - Ad

40% of "AI" companies don't even use AI... and many AI companies have no gains whatsoever. But AI is transforming one secret group of companies, practically overnight. Already, 50 stocks in this sector have shot up 100% or more in just 90 days. Professor Joel Litman explains everything.

FBI opens criminal investigation into Baltimore bridge collapse, AP source says

The FBI is conducting a criminal investigation into of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter.

Cheers to Growth: Constellation Brands Gets Upgrade, Analyst Bullish on Beer Sales

Constellation Brands gets a Buy rating upgrade from Argus Research analyst John Staszak, with a bullish price target of $306. Fiscal Q4 2024 saw a 7% rise in comparable sales to $2.14 billion, surpassing estimates. Beer revenue surged by approximately 11%, boosting overall sales, leading to an optimistic EPS outlook for FY25 and FY26.

A.I. Pioneer Warns: "I thought we had more time..." - Ad

A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.

Forget NVIDIA, Tesla and ChatGPT -- Buy Elon's "A.I. 2.0" Project Instead - Ad

Luke Lango has traveled to the Tesla Gigafactory in Texas to reveal Elon's hidden A.I. project. It's known as "A.I. 2.0", and in Elon's own words, it will be "a fundamental transformation for civilization as we know it." Luke has found a "backdoor" method to claim a stake before it goes mainstream.

Peter Schiff Predicts Bitcoin ETFs Will Lead To Its 'Biggest Crash Ever'

Bitcoin's (CRYPTO: BTC) ever-bearish commentator Peter Schiff commented on the crypto king, foreseeing its biggest crash and a potential MicroStrategy (NASDAQ:MSTR) bankruptcy.

Top 3 Financial Stocks That Are Ticking Portfolio Bombs

As of April 11, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Nvidia Set For Another Bull Run? Analyst Pitches $1,150 Target, Says 'This Time It's Bringing More Friends Along For The Run'

Despite a recent dip, chart analyst Todd Gordon of Inside Edge Capital has identified Nvidia Corporation as a strong buy, setting an ambitious target price of $1,150, citing the company's potential for an upward trend alongside a broader rally in the semiconductor industry.

Oil and gas companies must pay more to drill on public lands under new Biden administration rule

WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration.

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $5 strategy for gold immediately.

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded.

Make This One Trade Every Time the Government Drops Economic Reports - Ad

Twelve times every year... you have the chance to make ONE simple trade... with ONE symbol... And cash out the very next day! Some have gone up to 383% OVERNIGHT! It's a way to make winning trades every time the government releases key economic data.

Russian Government-Linked Hackers Stole Federal Email Correspondence With Microsoft: CISA

Russian government-linked hackers, identified as Midnight Blizzard, have stolen email correspondences from several U.S. federal agencies and Microsoft, marking a significant cybersecurity breach.

What's Going On With Charles Schwab Shares After Launching Forex Trading?

Charles Schwab introduces futures and forex trading on its thinkorswim platform suite, part of Schwab Trading Powered by Ameritrade.

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

March Sales Top $288M In Another Record-Breaking Month For Michigan Cannabis Industry

Discover Michigan's booming cannabis market with record-breaking $288.8M sales in March. Dive into industry dynamics and future projections.

Milei, the president of cash-strapped Argentina, starts another US tour and plans to meet Elon Musk

BUENOS AIRES, Argentina (AP) — President of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire , as his government seeks an infusion of cash to overhaul Argentina's embattled economy.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Thai prime minister unveils details of a $13.5 billion digital money handout plan

BANGKOK (AP) — Thailand's Prime Minister Srettha Thavisin on Wednesday revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated 50 million Thais for spending at their local businesses.

Olympic track uniforms spark online debate about who designed them and why they're so skimpy

PARIS (AP) — U.S. track and field athletes have around four dozen pieces to choose from when assembling their uniforms at the Olympics. The one grabbing the most attention is a high-cut leotard that barely covers the bikini line and has triggered debate between those who think it is sexist and others who argue they don't need the internet to make sure they have good uniforms.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Vertex Pharma scientist talks about the long road to developing non-addictive painkillers

WASHINGTON (AP) — For decades, patients seeking medication for pain have had two choices: over-the-counter drugs like aspirin or powerful prescription opioids like oxycodone.

What's Going On With BP Shares Premarket Friday?

ADNOC reportedly considered buying BP, but decided it wasn't the right fit for their strategy. BP has underperformed and is seen as a potential takeover target.

10X Gains on the Horizon? - Ad

Our top pick for the next crypto boom is flying under most investors' radars. We believe this coin has the potential to deliver 10X returns or more. Get the name of the coin and our complete investment guide for just $3.

Proxy Fight Concludes, Yet Macy's Future Remains In The Balance: Report

Proxy fight settled, but Macy's future uncertain amid ongoing strategic talks and acquisition bids.

Elon Musk's AI Startup xAI Reportedly Seeks $4B To Challenge ChatGPT-Parent OpenAI — Valuation Could Hit $18B

Elon Musk's AI startup, xAI Corp., is in discussions to raise up to $4 billion in funding, potentially valuing the company at $18 billion, leveraging Musk's track record and high-quality data from his social network, X, to train AI models.

2024 Stock Alert: Is This an AI Melt Up? - Ad

The AI "gold rush" is here. What comes next in 2024 could have consequences on your wealth and retirement for the next decade or more. Which is why you need to prepare for a reckoning in popular tech companies...and instead move your money into these under-the-radar AI stocks.

In Blow To Trump, Court Agrees To Keep Witnesses Anonymous In Mar-a-Lago Documents Mishandling Case

In a recent development in the case against former U.S. President Donald Trump over alleged mishandling of classified documents, the court has ruled that the witnesses involved can remain anonymous.

Why Gold Is Headed Above $3,000 - Ad

Many experts believe gold is headed to $3,000/oz. or even higher. As this rally picks up... most investors will likely run out and buy an ETF, a gold mining stock, or even bullion. But there's actually a much better way to profit from the emerging gold boom (with just $5.)

Last call for dry towns? New York weighs lifting post-Prohibition law that let towns keep booze bans

ALBANY, N.Y. (AP) — New York towns and villages that have post-Prohibition bans on alcohol sales would be forced to lift such restrictions under a bill moving through the Legislature.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service