Double Digit NASDAQ Stock Winners: GNRV, FLGC, BIOL
8:02 am Monday, August 16th, 2021
Following are major stock gainers on Nasdaq in Friday’s trading session:
GreenVision Acquisition Corp. (NASDAQ:GNRV) was the active stock gainer on Friday and soared 59% to $12.95. Helbiz closed its business combination with GreenVision Acquisition (NASDAQ:GRNV) with shareholders approval at a special meeting.
The combined company will retain the name Helbiz and is expected to commence trading on Nasdaq today under the new symbol, “HLBZ”. The transaction led to ~$24.5M of gross cash proceeds which will enable Helbiz to expand its micro-mobility services into more cities across U.S. and Europe.
Flora Growth Corp. (NASDAQ:FLGC) was another notable winner as the stock went up 36% to end the session at $17.20. Flora Growth Corp. (NASDAQ: FLGC) announces the availability of a broadcast titled, “Colombia Challenges Canadian Cannabis Dominance.”
Near-perfect growing conditions, skilled labor and friendly regulations have underscored Colombia’s emergence in the legal cannabis space since the country first allowed the production of medical cannabis just over five years ago. However, until now, dried cannabis flower, or buds, could only be processed for export as a medicinal oil or extract for fear that flowers would find their way to the black market.
BIOLASE, Inc. (NASDAQ:BIOL) surged 25% to $0.79 after the dental laser marker offered strong guidance for the third quarter as patients return to the dentist after COVID drove them away. The company “continues to experience high demand for its dental lasers and is currently forecasting revenue for the third quarter, to be significantly above the year-ago third quarter,” Biolase said.
That’s “despite the pent-up demand the company experienced in last year’s Q3, as procedure volume dramatically improved from historically low levels in the 2020 second quarter,” Biolase said.
