Marijuana Stocks Investors Feel These Are Top Companies In 2024
Marijuana stocks could be the investment you were too scared to make. To be fair all forms of investing have risks but some hold more value than others. The cannabis sector which has been on the rise for years now could be seeing a strong bounce shortly. Marijuana stocks exist in a highly volatile environment that creates inconsistent trading patterns. But this is where many have leveraged this volatility to their favor in several ways.
One is waiting till a particular marijuana stock falls to a lower price point that you are good with. Then selling on the recovery can be tough to gauge in the cannabis space. Even when there is a strong catalyst in place most times cannabis stocks do not react the same as other public companies that would normally trade back up. Another way people have been leveraging volatility is by buying the dips and simply holding.
The classic buy-and-hold strategy has worked well for many who are looking for marijuana stocks to buy. At one point cannabis stocks were seen as a fast way to make a profit. Yet that is not the case now and profits are being made with a more mid to long-term strategy for investing in marijuana stocks. The companies below are some marijuana stocks to watch for better long-term investing.
Marijuana Stocks For Traders 2024
- Curaleaf Holdings, Inc. (OTC:CURLF)
- Verano Holdings Corp. (OTC:VRNOF)
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. In recent news, the company has opened a new dispensary in Pensacola, Florida. 
The new location in northwest Florida expands the Company’s retail presence to 63 dispensaries in the state and 149 nationwide. Curaleaf Pensacola is the Company’s second medical dispensary in the area, conveniently located in the shopping district along the city’s historic Nine Mile Road.
Words From The Company
“We are proud to be a trusted resource for medical patients across Florida and to expand our presence in the bustling streets of Pensacola,” said Matt Darin, CEO of Curaleaf. “We continue to invest in Florida as we’ve seen incredible support of the cannabis industry from the state.”
[Read More] Here Are 3 Marijuana Stocks To Watch For Better Trading
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. Recently the company reported its Q2 2024 financial results.
Second Quarter 2024 Financial Highlights
- Revenues, net of discounts, of $222 million, an increase of 0.5% versus the prior quarter, meeting Company guidance, and a decrease of 5% year-over-year.
- Gross profit of $114 million or 51% of revenue.
- SG&A expense of $87 million or 39% of revenue.
- Net loss of $(22) million or (10)% of revenue.
- Adjusted EBITDA1 of $71 million or 32% of revenue.
- Net cash provided by operating activities of $8 million.
- Capital expenditures of $19 million.
[Read More] 3 Marijuana Stocks For Investors To Watch In 2024
Words From The CEO
“Our second quarter performance was strong, highlighted by proactive measures we executed to further bolster the business, including authorization of a share repurchase program, capex investments, and subsequent to quarter end, strategic M&A that upon closure, will grant us vertical access to the Virginia market ahead of adult use,” said George Archos, Verano founder, and Chief Executive Officer.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
