2 Marijuana Stocks That Could Be Top Movers
Most marijuana stock investors are focusing on the future of the cannabis industry. Currently, there is much that needs to be done, and many new ventures are in the works. Knowing that the cannabis industry is moving in a positive direction has created speculation. This speculation has led more people to search for marijuana stocks to buy. Especially with an increase in volatility, this makes finding better entry points a bit easier.
The cannabis sector trades with high levels of volatility which means that at any moment a marijuana stock can rise or fall. However, when there is a recovery in trading it is not sustained for long periods. This makes it an issue for some shareholders to take profits. So many have has to change their style of trading to see any type of return. Now even with positive speculation comes fear and caution. Yet over the last few months marijuana stocks have seen more recoveries.
Still, what will bring the sector to better trading averages and allow for momentum to be sustained longer than it has? At the moment progress with federal reform has been the biggest mover for marijuana stocks. Hopefully with the new year soon to start more catalysts will help the way marijuana stocks trade overall. The companies below are a few marijuana stocks to watch in December. Make sure you research beforehand and build a game plan and strategy.
Top Marijuana Stocks To Watch In December
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles.
The company also operates three retail dispensaries under the Apothecarium brand name in California and Pennsylvania. In the company’s most recent news TerrAscend announced the release of its Q2 2022 financial report.
Key Mentions And Q3 2022 Highlight
- Net Revenue increased 3.4% sequentially and 36.4% year over year to $67 million.
Gross Profit Margin was 36.3%, compared to 35.5% in Q2 2022 and 43.7% in Q3 2021. - Adjusted Gross Profit Margin1 was 46.1%, compared to 47.1% in Q2 2022 and 46.1% in Q3 2021.
- Adjusted EBITDA1 was $11.3 million, an increase of 96% sequentially and 22.8% year over year.
- Adjusted EBITDA Margin1 was 16.9%, compared to 8.9% in Q2 2022 and 18.8% in Q3 of 2021.
- GAAP Net Loss was $311 million, compared to net income of $14.2 million in Q2 2022. A $331 non-cash impairment charge was recorded against goodwill and intangibles for the Company’s Michigan business.
- Cashflow from Operations was positive $1.5 million, compared to negative $16.1 million in Q2 2022.
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Ayr Wellness Inc.
Ayr Wellness Inc. a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. On December 5th the company announced the start of “12 days of giving,” a $ 100,000-holiday donation campaign. 
One that is dedicated to restorative justice initiatives. The campaign will run through December 16th, 2022, and proceeds will benefit those negatively impacted by cannabis prohibition.
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Words From The Company
“Ayr’s ‘12 Days of Giving’ initiative aims to reinforce our commitment to being a Force for Good by activating twelve days of charitable giving across our retail footprint,” said David Goubert, President of Ayr. “This marks Ayr’s second year of the program, which is poised to directly benefit the families of those who have been incarcerated for cannabis offenses.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
