GRAM surged after Pavel Durov announced a native non-custodial wallet rollout across Telegram apps, potentially reaching over a billion users. The development enhances Gram’s on-chain utility and cements Telegram's alignment with the TON ecosystem, with Telegram named the TON network’s largest validator. If user adoption accelerates, the near-term price and liquidity could improve further.
Q2 2024 sales of $31.6 million fell short of estimates. Adjusted EBITDA was a loss of $2 million, below expectations. Production output increased by 14%, but inventories dropped significantly. Gold Flora's stock underperformed, down 57% in 90 days. Zuanic & Associates maintains overweight rating for long-term growth.
