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NZ Herald
13-05-2025
- Politics
- NZ Herald
Urgent Waitangi Tribunal hearing: Concerns David Seymour's new legislation is akin to Treaty Principles Bill
But, in submissions to the tribunal, a group of high-profile Māori and academic leaders have shared their criticisms of the legislation. Their concerns include the lack of a specific Te Tiriti /Treaty clause in the proposal, the lack of consultation with Māori, and the impact on Māori and constitutional rights. Dr Carwyn Jones, head lecturer for Māori laws and philosophy, Te Wānanga o Raukawa, said in his submission the bill would 'create one of the most fundamental constitutional shifts in our legal history' by elevating the RSB principles above the Treaty Principles. 'The RSB and Treaty Principles Bill [TPB] represent a combined legislative pincer movement where the RSB seeks to finish what the TPB started.' The tribunal is expected to submit a report following today's one-day hearing in the coming days; however, its recommendations are not binding. The legislation in a nutshell Passing the RSB is the latest in a years-long attempt by the Act Party to introduce this type of legislation. The bill would introduce principles for responsible regulation, covering things like the rule of law, the taking of property, fees and levies, and good law-making. Agencies would need to assess the consistency of bills with those principles. Government departments would need to review their regulatory systems, and the Ministry for Regulation would gain new powers to improve the quality of legislation. A new regulatory standards board would be established to review whether legislation aligned with the principles. This could be prompted by a complainant, a minister or by the board itself. Seymour says this would make lawmaking more transparent by shining more 'sunlight' on what politicians do and increasing 'political penalties of being a bad lawmaker by making it easier for voters to understand making a law for them'. 'Under the Regulatory Standards Bill if you don't ask and answer the right questions before you make a law reform affecting people's rights then someone can go to the regulatory standards board and make a declaration that actually you're not a very good law maker.' There were about 23,000 public submissions on a discussion document on the proposal over a roughly two-month period last summer. Most (around 88%) were in opposition with just 0.33% supporting or partially supporting it. The rest didn't have a clear position. 'If you look at the serious and substantial submissions and the real debate here, red tape's a problem. This is a very robust solution,' Seymour said in response. 'It will make it easier for New Zealanders to use and develop their property, whether it is their house, their business, their farm or perhaps just run a daycare.' Seymour attributed Dr Bryce Wilkinson's 'Constraining Government Regulation' as laying 'important groundwork' for this bill. Wilkinson, of the NZ Initiative, told the Herald the 'biggest misunderstanding' around the bill was the preservation of Parliamentary sovereignty. 'It allows Parliament to do absolutely anything it wants ... as long as they are upfront about it. 'All they have got to do is disclose that there is an inconsistency with the principle, but they are going to go ahead anyway.' Wilkinson said although New Zealand's systems stacked up well by international standards, there were widespread deficiencies that should be improved. 'What can usefully improve our systems so we are less likely to have these egregious problems like the big shortage of housing which is causing so much grief to so many younger people?' Lady Tureiti Moxon, managing director of Te Kōhao Health, said the bill was a 'a dangerous and direct threat to Te Tiriti o Waitangi and the rights of Māori'. 'The bill is a continuation of a system of domination, mono-culturalism, suppression, exploitation and assimilation known as colonialism. 'It seeks to establish principles for creating laws and regulations in New Zealand – an act that impacts the legislative framework, law-making, and governance, yet fails to honour Te Tiriti.' University of Otago professor Andrew Geddis said in his written submission to the tribunal on the bill the potentially most significant constitutional aspect of the RSB was that it excluded mention of Te Tiriti / the Treaty – 'While at the same time seeking to establish a compliance framework for all future legislation / regulation that largely reflects the Act Party's particular formulation of what 'good law-making' is.' 'In many respects this means that the bill is as constitutionally significant as the Treaty Principles Bill was.'
Yahoo
07-05-2025
- Business
- Yahoo
Turning Point Brands: Q1 Earnings Snapshot
LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Turning Point Brands, Inc. (TPB) on Wednesday reported profit of $14.4 million in its first quarter. The Louisville, Kentucky-based company said it had profit of 79 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 91 cents per share. The company posted revenue of $106.4 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TPB at
Nylon
07-05-2025
- Entertainment
- Nylon
The Paper Bunny injects new lease of life into recycled materials with the TPB Recraft Collection
Since gaining popularity with its puffy series, The Paper Bunny is back with a special limited-edition collection that takes offcuts from past collections and recycled materials made from used plastic bottles and fabric scraps, and turns them into beloved TPB silhouettes such as the Puffer Swing, Puffer Shopper, and Utility Laptop Bag. Image courtesy of The Paper Bunny. Speaking with NYLON Singapore, co-founder and Creative Director of The Paper Bunny Jamie Lee, shared that the concept behind TPB Recraft started with a batch of bags that didn't pass the brand's quality control. 'They were not good enough for sale, but we couldn't bear to throw them away,' said Jamie. Motivated by the desire to reimagine what could have otherwise been waste, Jamie and her team came up with TPB Recraft — to look at offcuts and discarded materials not as the end of their story, but as the 'beginning of something new'. The Paper Bunny team started by taking stock of their leftover materials such as fabric offcuts from past collections, leftover stock material, and also new materials made from recycled plastic bottles and fabric scraps that have never been used before. Image courtesy of The Paper Bunny. 'We wanted to use these materials in some of our most loved and functional silhouettes, while still maintaining the standards of quality and features of what our customers love,' said Jamie. She added, 'Each design in Recraft is unique because of the new materials used — including some with a dual-tone — and they are limited in quantity, making it that much more special.' It was also important for Jamie and her team to be honest and upfront with her community, and she keeps this transparency in every product description where she specifies what each product was made from. Developed as a labour of love, the TPB Recraft collection took many hours and days of sorting out and matching what they had from previous collections, and putting together different parts to see if it fits before the materials are turned into something new and beautiful. 'For the leftover materials from past collections — there were limited quantities to each material and colour, and making an entire collection from bits and pieces was a lot more complicated than it looked,' said Jamie. This, was in addition to The Paper Bunny's commitment to ensure that the TPB Recraft collection maintains the same standards of quality and hand-feel that you know and love in your TPB pieces. Puffer Swing (Recraft Fawn), $70. Image courtesy of The Paper Bunny. Puffer Swing (Recraft Seal), $70. Image courtesy of The Paper Bunny. Of all the pieces in the collection, Jamie's favourites are the duo-tone pieces, namely the Puffer Swing in Recraft Fawn and the Camper Cap in Recraft Magpie: 'They are special and noteworthy, yet super wearable and matches anything in your closet!' Even though TPB Recraft started off purely as an artistic exploration for Jamie and her team, they wanted to challenge themselves to push boundaries and see where it leads. 'We see TPB Recraft as an opportunity for creativity, and we hope to convey that beauty, creativity and care can exist if we just look a little harder.' For Jamie, she sees the collection as a 'celebration of a shift in perspectives' and added: 'Sustainability is not one-dimensional and not just about sacrifice or limitation, but it can also be artful, inventive and full of possibility.' 'Our goal really isn't to be perfect, of which we are very, very far from, but it is to take on a spirit of exploration and curiosity, and to invite our community to come along with us on that journey,' she said. Image courtesy of The Paper Bunny. While The Paper Bunny has showed how they are exploring sustainability in their crafting process, they don't 'profess' to be a sustainable brand. To this, Jamie explained, 'We think it would be inaccurate for any retail brand to profess to be one, and we never want to come across as greenwashing. For us, sustainability is a journey of progress, not perfection.' Instead, Jamie and her team believes in providing joyful alternatives to 'make sustainability fun, aesthetic and easy to incorporate into everyday life' — a fun reusable, if you will, to add to your daily wardrobe. Internally, The Paper Bunny team has and continue to make sustainable living decisions such as choosing to lessen single-use options where possible; opting for reusable ziplock and drawstring bags instead of poly bags, FSC-certified or recycled paper and plastics, or other alternatives in their design process. 'Ultimately, we believe in making thoughtful choices that can create a positive impact in our everyday lives,' Jamie said, 'It's about finding simple yet meaningful ways to make a difference.' Hands-On with the TPB Recraft Puffer Shopper As someone who is familiar with The Paper Bunny, on account of owning 3 bags, I was never lucky enough to get my hands on the Puffer Shopper until now. Unlike the original Puffer Shopper, the TPB Recraft Puffer Shopper in Gloss has been crafted using recycled nylon though it features the same properties as the original Gloss material. Puffer Shopper (Recraft Gloss Porcini), $85. Image courtesy of The Paper Bunny. I compared this with my Puffer Swing in Gloss, and was pleasantly surprised by how similar the material felt. Not only was the recycled nylon smooth and soft to the touch, the overall bag is lightweight — which is a bonus for me as I often carry my laptop out for work and prefer not to have added weight (from the bag) on my shoulders. One thing that I really love about TPB bags is that they are non-pilling, which really helps eliminate the worry I always get when I feel the friction between my clothes and the bag. Before I started my search for non-pilling bags, I would always have slightly ruined tops because of the cotton-pilling that would occur from the abrasion of my heavyweight bag. But, after having used the Recraft Puffer Shopper for a few days to carry the full weight of a 13-inch MacBook Air, charger, and a 32oz Owala bottle, I am happy to report that no tops have since been ruined! My shoulders also feel a lot more comfortable during commute, thanks to the pillowy, cloud-like bag straps. TPB Recraft logo. On top of its functional qualities, I have to say that the Recraft Puffer Shopper is an overall aesthetically pleasing wardrobe essential that just matches with my daily outfit. It has also become a unique piece in my collection of bags with its one-of-a-kind Recraft logo which blends embroidery with a plastic-like label. The TPB Recraft Collection is now available at The Paper Bunny store in Takashimaya Shopping Centre and online at
Yahoo
23-04-2025
- Business
- Yahoo
Turning Point Brands to Host Q1 Conference Call
LOUISVILLE, Ky., April 23, 2025--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review 1st quarter 2025 results. The conference call will be on Wednesday, May 7, 2025 at 9:30 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free)(646) 307-1963 (International)Event ID: 6640134 Participants should dial in at least 10 minutes in advance and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at The replay of the webcast will be available on the site two hours following the call. About Turning Point Brands, Inc. Turning Point Brands, Inc. (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic brand portfolio, including Zig-Zag®, Stoker's®, FRE®, and ALP®. TPB's products are available in more than 220,000 retail outlets in North America and on sites such as and For the latest news and information about TPB and its brands, please visit View source version on Contacts ir@ Sign in to access your portfolio
Yahoo
22-03-2025
- Business
- Yahoo
TPB, ACB and JAZZ: Three Pot Stocks Flowering With Potential Upside
After bursting onto the scene several years ago with considerable fanfare, much of the hype about cannabis stocks has quietly died down, and share prices have largely followed suit. Here, we'll examine three profitable and cheap cannabis-related stocks that offer investors long-term value and potential upside: Turning Point Brands (TPB), Aurora Cannabis (ACB), and Jazz Pharmaceuticals (JAZZ). Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Having been illegal for decades, cannabis is seeing the light of day following spates of deregulation across the U.S., Canada, Australia, and Europe over the past decade. Cannabis stocks, otherwise known as pot stocks, have understandably emerged to mop up the huge pent-up demand for cannabis products. Whether it be medicinal, industrial, or recreational, the cannabis market is now a commercial entity being monetized across the U.S. and Canada. In the U.S., after an initial sentiment boost following legalization, the cannabis market has cooled. The AdvisorShares Pure US Cannabis ETF (MJUS), which tracks U.S. cannabis stocks, traded at over $50 a share in early 2021 but now trades for just $2.68. Tilray Brands (TLRY), one of the earliest and most hyped pure-play publicly traded cannabis companies, traded for over $145 a share in late 2018 but today is priced at less than a dollar. It's hard to understate how poorly many of these pure-play cannabis stocks have performed. While it has been a difficult space to invest in, the industry still harbors potential — recreational marijuana is now legal in 24 U.S. states (plus Washington D.C.), while medical marijuana is legal in 39 (that said, it's important to note that it is still classified as a Schedule 1 Drug by the Federal Government). Grand View Research predicts the global legal cannabis market will grow to $102 billion by 2030, suitable for an impressive 25.5% CAGR. For investors still interested in the industry and gaining exposure to the space, the good news is that the sector has matured, and there are plenty of innovative ways to invest in it rather than speculating on questionable stocks with little earnings. Turning Point Brands (TPB) is an interesting way to enter the cannabis space. While it is not a pure-play cannabis company, it sells Zig-Zag rolling papers and is part of the industry. It is also included in New Cannabis Ventures' Global Cannabis Stock Index. Unlike many of its peers, it has performed quite well, nearly doubling over the past year. However, unlike some of these peers, Turning Point is profitable, and even after this massive rally, it is actually reasonably cheap, trading for under 19x 2025 earnings estimates, a slight discount to the broader market. Turning Point offers both momentum and value and has much potential going forward. In addition to rolling papers, the company sells nicotine pouches under the FRE brand. Most notably, last year, Turning Point launched a high-profile 50/50 joint venture with Tucker Carlson Media to start a new nicotine pouch brand called ALP. This move garnered significant publicity as Tucker Carlson has a significant following as one of the most popular (if polarizing) figures in U.S. media, giving ALP a large platform and high visibility. Nicotine pouches have rapidly gained popularity in recent years, with products like Zyn becoming a major hit for Philip Morris (PM). Between the popularity of nicotine pouches and Carlson's ability to sell ALP to his audience, ALP has a lot of growth potential going forward. I like Turning Point as a smart way to play the cannabis space because it offers strong diversification. Investors get exposure to cannabis through Zig-Zag and diversification into other revenue streams thanks to its nicotine pouch businesses. On Wall Street, TPB earns a Strong Buy consensus rating based on three Buys, zero Holds, and zero Sell ratings assigned in the past three months. The average analyst TPB stock price target of $81.67 implies a 43% upside potential from current levels. Aurora Cannabis was among the buzziest stocks of the initial cannabis stock boom, reaching nearly $150 a share in 2021. However, the stock has fallen precipitously since then, losing nearly 95% of its value over the past five years. However, there are some green shoots of life here. After years of losses, the stock is up nearly 20% over the past year. The company recently reported a record adjusted EBITDA of $7 million last quarter as its pivot from focusing on the Canadian recreational market to the more lucrative and high-margin international medical market began to bear fruit. This was evidenced by revenue from the global market surging 93% and surpassing Canadian revenue for the first time. In addition to becoming profitable, Aurora is also reasonably cheap—shares trade for a very reasonable 17.8x 2025 earnings. While this is still a speculative stock based on its spotty history, its valuation and swing to record profitability based on its strategic shift make it an intriguing speculative opportunity for risk-averse investors. Plus, sell-side analysts foresee monster upside potential ahead. Turning to Wall Street, ACB earns a Moderate Buy consensus rating based on two Buys, one Hold, and zero Sell ratings assigned in the past three months. The average analyst ACB stock price target of $7.10 implies a 58% upside potential from current levels. Lastly, let's examine Jazz Pharmaceuticals ($ JAZZ) as a different way to gain exposure to the cannabis market. To be clear, Jazz Pharmaceuticals is not a pure play on cannabis as it is a diversified biotech company with an $8.5 billion market cap. However, it offers significant exposure to cannabis thanks to its 2021 acquisition of GW Pharmaceuticals, which added CBD-based epilepsy drug Epidiolex to its portfolio. The successful drug is now approaching $1 billion in annual sales and is approved in dozens of countries worldwide. In addition to Epidiolex, Jazz's product portfolio includes many other drugs focused on sleep disorders and oncology. I like that this gives investors diversification and additional revenue streams outside of cannabis. What's more, shares of Jazz are pretty cheap. With analysts projecting the company to earn $23.42 per share in 2025, the stock trades for just six times 2025 earnings estimates. Turning to Wall Street, JAZZ earns a Strong Buy consensus rating based on seventeen Buys, one Hold, and zero Sell ratings assigned in the past three months. The average analyst JAZZ stock price target of $193.82 implies a 40% upside potential from current levels. While many cannabis stocks have developed a bad reputation after falling drastically from their lofty 2021 highs, there are pockets of value here if you know where to look. Many weaker players have gone by the wayside, while the stronger companies have matured and become more profitable. I like Turning Point Brands, Aurora Cannabis, and Jazz Pharmaceuticals as three attractive ways to play the market — all three are quite different, but what they have in common is that they are all profitable, and they all trade for inexpensive valuations. Furthermore, analysts project a significant potential upside of over 40% or more for all three over the next 12 months, highlighting their strong potential. Disclosure Questions or Comments about the article? Write to editor@ Sign in to access your portfolio
