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2 Marijuana Stocks To Buy This Monday 2023?

Marijuana Stocks To Watch To Start The New Week

The Best Marijuana Stocks For Your Investing Portfolio

Marijuana stock investors are keeping focused on the future of the sector. For some time the cannabis sector has taken on a high level of volatile trading. Much of this is due to a letdown on establishing better laws and regulations for the cannabis industry. Still, there is a great level of optimism in cannabis investing. For those looking for the best marijuana stocks to buy this is the time to do so.

With most marijuana stocks having unstable trading patterns and falling more than rising buying opportunities happen more often. Now if you are still reluctant about picking up shares you can always build a watchlist and follow those companies. As well you want to do your research on each cannabis company. Check things like recent news projects and all business ventures. In addition to financials and how the company trades in the market.

There are times when business is better than how the company performs in the market. Also, some marijuana stocks tend to have less volatility than others. The companies that tend to have less volatility are those that are known to offer ancillary products or services to the cannabis industry. Now companies who deal directly with the plant often face the bulk of the volatility. Nevertheless with good due diligence and understanding investing in cannabis can be a way to make money. The companies below are a few marijuana stocks to watch before April.

Top Marijuana Stocks For Your 2023 Portfolio

  1. Acreage Holdings, Inc. (OTC:ACRHF)
  2. TerrAscend Corp. (OTC:TRSSF)

Acreage Holdings, Inc.

Acreage Holdings, Inc. formerly High Street Capital Partners, is a principal investment firm specializing in the cannabis industry. Acreage Holdings, Inc. was founded in 2014 and is based in New York, New York.

In recent news, the news company announced that Floating shareholders approve U.S. strategic arrangement with Canopy and Canopy USA.

Words From The Company

Peter Caldini, Chief Executive Officer of Acreage, commented, “On behalf of the board of directors and the Company, I’d like to thank our Floating Shareholders for the strong support they have shown for this transformational arrangement with Canopy and Canopy USA.” Mr. Caldini continued, “This is an exciting opportunity for our shareholders to realize the value of their investment in the strong platform Acreage has built.

[Read More] 3 Marijuana Stocks To Watch At The End Of March

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. Recently the company reported a record fourth-quarter and full-year 2022 net revenue.

[Read More] 3 Marijuana Stocks For Cannabis Investing 2023

Q4 Highlights

  • Net Revenue was $69.0 million, an increase of 4.2% sequentially and 50.3% year-over-year.
  • Gross Profit Margin was 44.6%, compared to 47.0% in Q3 2022 and 49.1% in Q4 2021.
  • Adjusted Gross Profit Margin1 was 45.3%, compared to 47.8% in Q3 2022 and 52.9% in Q4 2021.
  • GAAP Net loss from continuing operations was $2.0 million, compared to a net loss of $300.6 million in Q3 2022 and a net loss of $1.2 million in Q4 2021

By J. Phillip

Coming from Miami FL, Jonathan Phillip or (J. Phillip) is a social media marketer and currently head of PR and social media management for MarijuanaStocks.com. When working with clients in various sectors Jonathan will use his expertise and knowledge to make sure the correct audience is viewing and engaging with your content product or service. Jonathan is a self-taught marketer and entrepreneur learning from the best and sharpening his skills with each project.

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