U.S. markets closed

  • S&P 500

    4,185.47
    +15.05 (+0.36%)
     

  • Dow 30

    34,200.67
    +164.68 (+0.48%)
     

  • Nasdaq

    14,052.34
    +13.58 (+0.10%)
     

  • Russell 2000

    2,262.67
    +5.60 (+0.25%)
     

  • Crude Oil

    63.07
    -0.39 (-0.61%)
     

  • Gold

    1,777.30
    +10.50 (+0.59%)
     

  • Silver

    26.04
    +0.08 (+0.29%)
     

  • EUR/USD

    1.1980
    +0.0004 (+0.04%)
     

  • 10-Yr Bond

    1.5730
    +0.0430 (+2.81%)
     

  • GBP/USD

    1.3840
    +0.0056 (+0.41%)
     

  • USD/JPY

    108.7830
    +0.0670 (+0.06%)
     

  • BTC-USD

    57,417.82
    -4,635.97 (-7.47%)
     

  • CMC Crypto 200

    1,398.97
    +7.26 (+0.52%)
     

  • FTSE 100

    7,019.53
    +36.03 (+0.52%)
     

  • Nikkei 225

    29,683.37
    +40.68 (+0.14%)
     

Global Cannabis Testing Services Markets, 2020-2027: Focus on Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening

·4 min read

DUBLIN, March 2, 2021 /PRNewswire/ -- The "Cannabis Testing Services Market Share, Size, Trends, Industry Analysis Report, By Service Type; By End-Use; By Regions; Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo
Research and Markets Logo

The global cannabis testing service market expected to reach US$ 3.4 billion by 2027

The Cannabis Testing Service Market report gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.

The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.

Segment Highlights


  • The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.

  • Based on end-use, the cannabis cultivators/growers' segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.

  • North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth

List of Key Players

  • Shimadzu Corporation

  • Agilent Technologies

  • PerkinElmer, Inc.

  • Waters Corporation

  • CannaSys, Inc.

  • PharmLabs, LLC

  • Saskatchewan Research Council (SRC)

  • Eurofins Scientific

  • CW ANALYTICAL

  • GreenLeaf Lab

  • Praxis Laboratory

  • SGS Canada Inc.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Cannabis Testing Services Market Insights
4.1. Cannabis Testing Services - Industry snapshot
4.2. Cannabis Testing Services Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Favorable legislations
4.2.1.2. Increasing usage for medical purposes
4.2.2. Restraints and Challenges
4.2.2.1. Adulteration and abuse
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Cannabis Testing Services Market Industry trends

5. Cannabis Testing Services Market Assessment by Service Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Cannabis Testing Services Market, By Service Type, 2016-2027 (USD Million)
5.3. Potency Testing
5.4. Terpene Profiling
5.5. Heavy Metal Testing
5.6. Pesticide Screening
5.7. Microscopy Testing
5.8. Residual Solvent Screening

6. Global Cannabis Testing Services Market, by End Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Cannabis Testing Services Market, By End Use, 2016-2027 (USD Million)
6.3. Drug Manufacturers
6.4. Cultivators/Growers
6.5. Research Institutes & Labs

7. Cannabis Testing Services Market Assessment by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Cannabis Testing Services Market Assessment, By Geography, 2016-2027 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisition
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

  • Shimadzu Corporation

  • Agilent Technologies

  • PerkinElmer Inc.

  • Millipore Sigma

  • AB Sciex LLC (a Danaher Company)

  • Restek Corporation

  • Thermo Fisher Scientific Inc.

  • Waters Corporation

  • Fritsch Milling

  • Accelerated Technology Laboratories

  • CannaSys Inc.

  • PharmLabs LLC

  • Guardian Data Systems Inc.

  • Lab Lynx Inc.

  • Steep Hill Halent Laboratories

  • DigiPath Inc.

  • SC Laboratories

  • CannaSafe Analytics

  • CW Analytical Laboratories

For more information about this report visit https://www.researchandmarkets.com/r/khepwt

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/global-cannabis-testing-services-markets-2020-2027-focus-on-potency-testing-terpene-profiling-heavy-metal-testing-pesticide-screening-microscopy-testing-residual-solvent-screening-301238850.html

SOURCE Research and Markets

Recommended Stories

  • U.S. stops short of branding Vietnam, Switzerland, Taiwan currency manipulators

    WASHINGTON (Reuters) -The U.S. Treasury Department on Friday said Vietnam, Switzerland and Taiwan tripped its thresholds for possible currency manipulation under a 2015 U.S. trade law, but refrained from formally branding them as manipulators. In the first semi-annual foreign exchange report issued by Treasury Secretary Janet Yellen, the Treasury said it will commence "enhanced engagement" with Taiwan and continue such talks with Vietnam and Switzerland after the Trump administration labeled the latter two as currency manipulators in December.

  • Biden White House's secret weapon on infrastructure: small businesses

    The Biden administration is seeking to leverage a secret weapon in its bid to get corporate America to pay for a sweeping jobs and infrastructure package: the nation's some 30 million small businesses. The White House's effort, previously unreported, seeks to harness the political popularity of small businesses and the current agitation among them over a tax structure many view as generous to larger, billion-dollar corporations like Walmart Inc and Amazon.com Inc over Main Street establishments. In doing so, the White House believes it has allies that will serve as an antidote to the large national trade groups – like the U.S. Chamber of Commerce and The Business Roundtable – who have come out in favor of infrastructure investment but strongly against President Joe Biden's plan to raise the corporate tax rate from 21% to %28.

  • Suze Orman thinks a market crash could be imminent — here's what to do

    Warren Buffett's famous economic measurement shows Orman might be onto something.

  • Wall Street Week Ahead: Tech retakes market lead as investors eye yields, earnings

    U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports. Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index. Big tech-related growth stocks in other S&P 500 sectors such as Amazon Inc, Tesla Inc and Google-parent Alphabet Inc have also charged higher.

  • Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources

    Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to the company. Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma's control of Ant, exercised through a complicated structure of investment vehicles. The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.

  • Huawei defense to ask Canada court for delay in CFO's extradition hearings

    The defense team for Huawei's chief financial officer, Meng Wanzhou, will ask a Canadian court to delay upcoming hearings in her U.S. extradition case, the court said on Friday. Meng's U.S. extradition hearings have lasted more than two years and she is scheduled to be back in the British Columbia Supreme Court on April 26. A source familiar with the matter told Reuters the application was a result of an agreement announced last week in a Hong Kong court between Huawei Technologies Co Ltd and HSBC regarding publication of internal documents relating to the fraud allegations against Meng.

  • Gold Set For Best Week Since December With Yields Retreating

    (Bloomberg) -- Gold headed for its best week since December amid a retreat in bond yields and a report that top buyer China may import more of the metal.After weeks trading in a narrow range, gold has advanced as Treasuries yields and the dollar head for weekly losses. Lower yields boost the appeal of bullion, which doesn’t offer interest. Dollar declines helped spur a broad rally in raw materials, with the Bloomberg Commodity Index also on track for its best week of 2021.Bullion is showing tentative signs of breaking out of a slump following three straight monthly losses. Prices rose above the 50-day moving average on Thursday, a positive signal for traders who follow chart patterns. On Friday, bullion extended gains to the highest since February after Reuters reported that China has given banks permission to import a large amount of bullion to meet domestic demand.The overall robust performance in commodities this week was “being supported by a surprise drop in U.S. Treasury yields accompanied by a weaker dollar,” said Ole Hansen, head of commodities research at Saxo Bank. Gold, along with crude oil and copper, “broke higher, thereby potentially signaling renewed momentum attracting fresh buying from speculators.”Spot gold rose 0.8% to $1,778.17 an ounce by 1:43 p.m. in New York. Prices are up about 2% this week, on course for the biggest gain since Dec. 18. Futures for June delivery on the Comex rose 0.8% to settle at $1,780.20 an ounce.Federal Reserve Chairman Jerome Powell’s reiteration of his dovish stance on monetary policy also helped bullion this week. That helped offset the impact of improving U.S. and Chinese economic reports, which could otherwise diminish demand for the metal as a haven.“The economic data published in the U.S. yesterday afternoon turned out for the most part to be significantly better than the market had anticipated,” Commerzbank AG analyst Daniel Briesemann said. “It seems that market participants believed the U.S. Federal Reserve’s assertion this time that it would not react to good data and would tolerate economic overheating.”In other precious metals, silver and platinum advanced.Palladium rose 1.2% after reaching the highest in more than a year. The metal, which reached a record of $2,883.89 in February last year, has benefited from stricter emissions rules that boost usage in autocatalysts.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bets Against Treasuries Start to Pinch in Tough Week for Bears

    (Bloomberg) -- Investors betting against Treasuries -- or even just hiding out in cash waiting for lower prices -- just suffered a rough week, even after a robust slate of economic figures showed the rebound from the pandemic is gaining steam.The debate over the long-term outlook for the $21 trillion market is far from over. The bearish view has dominated in 2021, but it was just dealt a blow as Treasuries posted their biggest weekly rally since August. And some strategists see potential for yields to stage a brief foray to even lower levels.Ten-year yields tumbled to just above 1.5% Thursday, a stunning turnaround after the specter of a 2% breach swirled just a few weeks ago. The bond rally gained speed as evidence of robust international demand spurred some investors to exit short bets, a move that seemed to defy logic as it came amid an array of strong economic data.It doesn’t look like there’s much help straight ahead for the bears, with next week devoid of major data releases, Federal Reserve officials muzzled before their April 28 decision and geopolitical tensions brewing. What’s more, the fate of the next U.S. spending plan -- which may include a chunk of taxes -- is unclear, and the reopening push took a hit as regulators paused Johnson & Johnson’s Covid-19 vaccine rollout.“Lower yields, or even just no further pickup, seems to be the pain trade now,” said Chris Ahrens, a strategist at Stifel Nicolaus & Co. “A lot of financial institutions are very flush with cash and had been holding on and hoping for higher yields -- cheaper prices -- to come back into the Treasury market. Now they are being forced to buy Treasuries at higher prices.”After the worst quarter since 1980, the Treasuries market has gained around 1% this month, paring its 2021 loss to about 3.3%, according to Bloomberg Barclays index data through April 15.The 10-year note yields 1.58%, down about 20 basis points from the more than one-year high reached at the end of March. Hedge funds had been massive sellers of Treasuries since the start of January. With stocks surging of late, retail buyers have also been biased against bonds, pouring more cash into equity funds.Bullish ToneBut now there’s a bullish tone emerging in parts of the rate market, with demand surfacing for options targeting a drop in 5-year Treasury yields to as low as 0.55% ahead of their May expiry, and for the 30-year yield to sink to 2.1%. Those maturities yield 0.83% and 2.26%, respectively.Treasury yields could extend their decline, potentially taking the 10-year yield as low as 1.2% -- a level not seen since February, says Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter.“The market is ignoring really good economic data now, so the thing that is going to get yields moving higher again is either a surprise pop in inflation or a bit of a hawkish turn in tone from the Fed,” he said by phone. “I don’t see either of those things happening in the very short-term. Longer-term, I still think yields are headed higher -- but we are in this weird position now where the Fed has essentially said they aren’t changing their opinion of things no matter what the data is.”Fed Chair Jerome Powell has said that while the economy appears to have turned a corner, central bankers aren’t in a hurry to remove monetary support. BlackRock Inc. the world’s biggest asset manager, is among those predicting the Fed will begin communicating plans to taper its bond buying in June.Granted, the bears can take solace in views that surfaced at the end of the week, suggesting it’s time to get short again. Mark Cabana, head of U.S. interest rates strategy at Bank of America Corp., said on Bloomberg TV on Friday that he’s been encouraging clients to use the “little rate rally” to reset short positions.The median forecast in a Bloomberg survey is for the 10-year yield to end the year at 1.86%.What to WatchThe economic calendar:April 21: MBA mortgage applicationsApril 22: Chicago Fed national activity index; jobless claims; Langer consumer comfort; leading index; existing home sales; Kansas City Fed manufacturing activityApril 23: Markit U.S. PMIs; new home salesThe Fed calendar is empty ahead of the April 27-28 policy meetingThe auction calendar:April 19: 13-, 26-week billsApril 20: 52-week billsApril 21: 20-year reopeningApril 22: 4-, 8-week bills; 5-year TIPSFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Biden Team Weighs Russia Sanctions Impact, Has More Options

    (Bloomberg) -- The Biden administration is evaluating the impact of new sanctions on Russia and is prepared to escalate those penalties if the Kremlin fails to rein in hacking attacks and attempts to interfere with the U.S. political process, according to people familiar with the matter.Options available to President Joe Biden include expanding the measures announced Thursday to bar U.S. financial institutions from the secondary market for ruble-denominated bonds issued by Russian state banks, said the people, who discussed the matter on condition of anonymity.Biden ordered the latest sanctions on Russia -- including limits on buying newly issued sovereign debt -- in response to allegations that Moscow was behind a hack on SolarWinds Corp. and interfered with last year’s U.S. election.The U.S. also sanctioned a number of entities and individuals, while expelling 10 Russian diplomats working in Washington, including some intelligence officers.Yet the moves were calibrated by the U.S. to punish the Kremlin for past misdeeds while keeping relations from deteriorating further, especially as tensions grow over a Russian military buildup near Ukraine.In another sign of worsening relations between the two countries, Russia on Saturday accused a Ukrainian diplomat of stealing information and gave him three days to leave the country on Saturday, the news agency Interfax reported. Ukraine hinted it would respond in kind. Two days before announcing the sanctions, Biden offered to meet Russian President Vladimir Putin later this year, even as he warned his counterpart about a litany of transgressions.White House communications staff didn’t immediately offer a comment.For now, U.S. officials are waiting to see how Putin responds. On Friday, Russia expelled 10 American diplomats and imposed sanctions on eight officials in tit-for-tat moves that stopped short of responding to U.S. restrictions on its sovereign debt.Foreign Minister Sergei Lavrov told reporters in Moscow that Russia could take steps that harm the interests of U.S. businesses but will hold those in reserve for now.Market ImpactThe Biden administration is also watching global markets to see the impact of its latest measures, including on the ruble, and any shifts in foreign ownership of Russian ruble bonds, according to the people. Interest rate decisions by Russia’s central bank and capital flows will also provide important clues, they said.The Bank of Russia’s next interest rate decision is scheduled for April 23.Under the sanctions unveiled Thursday, the Biden administration will bar U.S. financial institutions from participating in the primary market for new debt issued by the Russian central bank, Finance Ministry and sovereign wealth fund. Those limits would take effect starting June 14.Russian bonds fell and the ruble dropped the most since December on news of the impending penalties, but recovered their losses on Friday as investors concluded that the measures were milder than had been feared.White House officials sought to limit the sanctions’ fallout for the U.S. and global financial system while sparing the Russian civilian population from unnecessary harm, the people said. The Biden team now hopes to begin de-escalating tensions and believe that would benefit financial markets and the Russian economy, one of the people said.Still, U.S. officials are holding in reserve other potential escalations, including moves aimed at preventing secondary market trading in any ruble debt for the first 90 days or more after issuance, the person said.(Updates with Russia expelling Ukraine diplomat in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Morgan Stanley Lifts UnitedHealth’s Target Price to $515, Says More Upside Later in The Year

    Morgan Stanley raised their stock price forecast on UnitedHealth to $515 from $462 and said conservative guidance around utilization and acuity trends should pave the way for more upside later in the year.

  • AUD/USD Forex Technical Analysis – Rally Stalls in Front of Main Retracement Zone at .7770 – .7826

    The direction of the AUD/USD into the close on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at .7728.

  • The Europe Capitulation Trade Is in Full Swing on Vaccine Bets

    (Bloomberg) -- A sudden rebound in the euro and a selloff in bond havens are forcing investment strategists to play catch-up on rising expectations for European growth.As the currency climbs toward $1.20, the likes of Goldman Sachs Group Inc. worry their projections for the months ahead look too gloomy. Meanwhile, BNP Paribas, Pictet and Manulife Investment are predicting German bond yields will turn positive by December for the first time in two years.Just weeks ago, the euro was mired in its worst start to the year since 2015, dogged by stubbornly high Covid infections and the European Union’s fumbling of its vaccination program. The yield on German 10-year bonds, the region’s go-to haven, was at its deepest discount to its U.S. counterpart in more than a year.Now, the EU’s rollout of immunizations is getting into gear with a renewed drive to cover the bulk of its population within a few months. Meanwhile, data is turning positive and last week saw a robust climb in factory orders for Germany, the region’s biggest economy.Shifting DynamicsThe recovery in the single currency is set to continue, according to Charles Diebel a money manager at Mediolanum who says it could reach $1.25 by year-end.“The euro has been an underperformer against the dollar and a sterling laggard in terms of vaccine rollout,” he said “But those dynamics are shifting now, and with good news already in place in the U.S. and the U.K., Europe is catching up.”That optimism is also rippling into the bond market, squeezing German 10-year debt. Bund yields have climbed 30 basis points from this year’s low to minus 0.29% and Goldman Sachs sees them rising to 0%. BNP Paribas predicts 0.2%, the highest level since early 2019.“The pace of vaccinations in Europe should ramp up soon,” said Chris Chapman, a portfolio manager at Manulife Investment, who also expects the the yield to break into positive territory by year-end. “The re-opening of the economy and the catch up of the services sector will drive growth.”But with Covid infections still rising in much of Europe and just just 11% of the EU population vaccinated, that optimism is far from universal.Bank of America Corp. strategist Sphia Salim sees bund yields ending the year at -0.25%, though she concedes the bank’s economists are more bearish than the consensus on growth and inflation. HSBC’s Chris Attfield predicts -0.5%, saying most of the good news is already priced in.Ominous SignMeanwhile, in an ominous sign for those placing bullish bets on the recovery, so-called speculative investors -- mainly hedge funds -- have cut long euro positions to the lowest in a year, according to Commitments of Traders data. The median year-end outlook for the euro among analysts contributing forecasts to Bloomberg remains at $1.22.Many traders are wagering on a stronger euro, however. Options betting on gains against the dollar trade at a premium over those looking for declines across tenors out to six months. Against sterling, that premium stretches to one year. Meanwhile, analysts are revising their end-2021 forecasts for German 10-year yields by the most in more than a year.Goldman Sachs says the biggest four euro economies will probably have given Covid shots to around 37% of their populations by the end of May, rising to 54% a month later. The bank is suggesting investors go short on European bond duration.“Our economists remain optimistic on the European recovery as data have been resilient and vaccination is likely to accelerate from here,” strategists including Christian Mueller-Glissmann wrote in a note.Next WeekThe European Central Bank’s April meeting dominates the calendar, with policymakers likely to sound cautiously optimistic on Thursday without giving away details about the pace of weekly stimulus beyond 2QFlash PMIs on Friday will give insights into how economies are faringEurozone sovereign supply will remain above the year-to-date average at about 27 billion euros with auctions in five countries, as well as the sale of a new BTP Futura, according to CommerzbankThe U.K., meanwhile, will sell more than 5 billion pounds worth of gilts maturing in 2024 and 2035, with employment and inflation data Tuesday and Wednesday in focusU.K. unemployment probably stabilized in February, while inflation is seen nudging up in MarchFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • The Week Ahead – Economic Data, Monetary Policy, and Geopolitics in Focus

    It’s a busy week ahead, with economic data, corporate earnings, and monetary policy in focus. Geopolitics and COVID-19 news will also influence in the week.

  • Coinbase CEO Sold $291.8M in Shares on Opening Day

    For context, Armstrong's holdings in the crypto exchange has been estimated at north of $7 billion.

  • GM Dropped an EV Battery Bombshell. The Market Hasn’t Noticed.

    The car company said it and LG Chem are building a production facility in Tennessee. Think of a Tesla Giga factory, GM style.

  • New monthly stimulus checks for families will start in July, IRS now says

    The IRS chief tells Congress the child tax credit payments will arrive on time after all.

  • GameStop Investor Keith Gill Doubles Stake To 200,000 Shares, Worth $31 Million

    On Friday, Keith Gill exercised his 500 GameStop call options to get 50,000 more shares at a strike price of $12, which is less than a tenth of the current stock price. What Happened: Keith Gill, the Reddit WallStreetBets trader, also bought 50,000 more GameStop Corp (NYSE: GME) shares, bringing his total investment to 200,000 shares worth more than $30 million. Gill — who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube — is the man who helped inspire the GameStop short squeeze in January. On Friday, he shared a screenshot of his portfolio marked "final update" on the WallStreetBets subreddit. The screenshot showed nearly $34.5 million in his assets with $30.9 million of GameStop shares and $3.5 million in cash. The Wall Street Journal also reported Gill held more than $30 million in assets. Gill uploaded a video on YouTube entitled "Cheers everyone!" According to Gill's latest update on Reddit's r/WallStreetBets forum, his average price paid for GameStop shares is $55.17. Keith Gill gained fame amid Reddit's WallStreetBets craze. He has been posting about GameStop for a year and also making videos on YouTube. Gill found himself in the middle of the GameStop story after posting about large gains made from buying the stock before its 1,000% increase. Gill was registered as an agent with MML Investors Services LLC, a broker-dealer arm for Mass Mutual. Last month, the company filed a termination request with FINRA to remove Gill's broker license. In February, a class-action lawsuit was filed against Gill after the GameStop short squeeze. He appeared at a Congressional hearing in February regarding Reddit's influence on the market. The CEOs of Robinhood, Citadel and Melvin Capital also spoke at the hearing. Price action: GameStop closed Friday at $154.69. Image: Screenshot of Keith Gill's video See more from BenzingaClick here for options trades from BenzingaKorean EV Battery Suppliers To Ford, VW Reportedly Reach Agreement To Avoid Import DisruptionWhy Alibaba Just Got Hit With A Record .87 Billion Fine In China© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Hedge Fund Billionaire Who Shorted Lehman Brothers Says the Fed and SEC Aren’t Doing Their Jobs

    Dow hits new high, J&J asks other vaccine makers to investigate blood clots, and other news to start your day.

  • Investors should literally 'go away in May' this year: NYSE trader

    'Sell in May and go away,' advises the trading maxim. But with stocks at record highs, one trader at the New York Stock Exchange is recommending a related but different strategy.

  • Stocks are at all-time highs and the U.S. economy is booming. So why is everyone so freaked out?

    All manner of weird things keep happening in financial markets, from bond yields that go down when they should go up, to near-daily swings between big-picture convictions. It's hard to manage money when everything feels so fragile.