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OTC Rebound Plays: RLBD, PSWW, ICNM, TONR, ZNOG, DUTV

OTC Rebound Plays: RLBD, PSWW, ICNM, TONR, ZNOG, DUTV
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Cannabis accessories maker Turning Point tops Q1 earnings estimates, raises guidance

Cannabis accessories maker Turning Point tops Q1 earnings estimates, raises guidance
Turning Points Brands Inc. shares rose about 3% in premarket trade Tuesday, after the maker of vapes and other accessories for the cannabis market . The Louisville, Kentucky-based company posted net income of $11.8 million, or 57 cents a share, for the quarter, up from $4.5 million, or 22 cents a share, in the year-earlier period. Adjusted per-share earnings came to 80 cents, well ahead of the 58 cents FactSet consensus. Sales rose 18.7% to $107.6 million, also ahead of the $100.0 million FactSet consensus. “Zig-Zag led the way with a second consecutive quarter with over 40 percent growth, and Stoker’s delivered another double-digit growth quarter led by our MST business,” Chief Executive Larry Wexler said in a statement. The Zig-Zag products segment accounted for 38% of total net sales in the period, climbing 42% to $41.0 million. Growth was driven by double-digit advances in U.S. rolli ....

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