Are You Investing In Marijuana Stocks 2 To Watch This Week
Most marijuana stock investors are approaching the cannabis sector differently. At one point in time, the way most people viewed marijuana stocks was a short-term investment. Right before the pandemic much of the sector even with volatile trading saw consistent momentum. This allowed traders to have more confidence when trading pot stocks.
Yet over the last few years and even currently that is not the case. Now more people are viewing cannabis stocks as more of buy and hold deal. The reason for this comes in various facets. But the main one is fear and concerns from investors due to the lack of federal reform. From this, there have been issues with the cannabis sector trading at higher levels than once before.
Although some have been able to adapt to the volatility going on for most marijuana stocks. But when there is a moment the sector sees a decline those who are interested in cannabis investing would have an easier time finding top marijuana stocks to buy. Yet like always make sure you conduct proper due diligence beforehand.
You want to set yourself up the best way you can to have better odds at taking a profit. With the level of volatility, not all traders can capitalize at the right time. Nonetheless, there is still an opportunity to be had for new and seasoned cannabis investors. Below are a few marijuana stocks to watch for the rest of 2023.
Marijuana Stocks For Your 2023 Watchlist
Jushi Holdings Inc.
Jushi Holdings Inc. vertically integrated cannabis company that engages in the cultivation, processing, retail, and distribution of medical and adult-use products.
It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States. In recent news, the company reported its unaudited preliminary Q4 and full-year 2022 financial results.
Financial Highlights Q4 2022
- Total revenue of $76.8 million, an increase of 16.6% year-over-year and 5.5% sequentially
- Gross profit of $22.0 million, an increase of 11.4% year-over-year
- Net loss of $139.9 million
- Adjusted EBITDA1 of $6.0 million
- Reduced inventory by $7.0 million versus the prior quarter
- Cash, cash equivalents, and restricted cash were $27.1 million
[Read More] 3 Marijuana Stocks For Your April Watchlist
FY 2022
- Total revenue of $284.3 million, an increase of 35.8% year-over-year
- Gross profit of $95.5 million, an increase of 14.5% year-over-year
- Net loss of $202.3 million
- Adjusted EBITDA1 of $7.1 million
- Reduced inventory by $8.2 million versus the prior year
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. 
On March 31st the company announced the promotion of Ziad Ghanem to Chief Executive Officer of TerrAscend. Mr. Ghanem was most recently TerrAscend’s President and Chief Operating Officer. He was elected to the new role of CEO unanimously by TerrAscend’s Board of Directors.
[Read More] Top Marijuana Stocks For Investing This Week?
Words From The Company
“Ziad is a phenomenal leader who has been instrumental in driving improvements across the organization. Over Ziad’s first 15 months with TerrAscend, he has become a trusted friend, and my respect for his leadership, judgment, and grit has grown immensely,” said Jason Wild, Executive Chairman of TerrAscend.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
