Will These Top Marijuana Stocks See Better Trading This Week?
Marijuana stock investors are looking to see better trading this week. So far the past month or so has been an increase in volatility. Now people who are familiar with the cannabis sector know that marijuana stocks trade with a high amount of volatility. So far September has had more upside for some shareholders. The behavior in how cannabis stocks trade has not changed much. But how investors and shareholders trade has to some degree. Meaning due to how unpredictable the sector can be and with inconsistent trading taking profits has turned into a quicker in and out style of trading. When a particular marijuana stock is seeing a bounce before you can blink the company may start to see a decline. Although when pullback begins it’s a sign to find cannabis stocks to buy.
Now if you can take advantage of this pattern inside the sector it can be profitable if you can build a plan and trade your plan. As well you want to keep an eye on the sector and learn its pattern. Also if you have a watch list of possible marijuana stocks that interest you always do your research. Not always but often times when a cannabis company is doing well out of the market it can add positive sentiment to how the company trades. With only several months left in 2022 now could be good to invest in top marijuana stocks before next year.
Top Marijuana Stocks To Watch This Year
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery. In recent news, the company has continued to expand with the opening of its new medical dispensary in West Virginia.
Trulieve operates medical dispensaries across West Virginia in Belle, Milton, Hurricane, Parkersburg, South Charleston, Weston, and two locations in Morgantown, with plans to open an additional dispensary location by the end of the year in Huntington.
Words From The CEO
“We are very excited to expand our West Virginia presence to include a location in Milton, and we look forward to serving patients in the surrounding area,” said Trulieve CEO Kim Rivers. “Our West Virginia team has proven to be incredibly passionate and accommodating, and we are eager to offer our personalized patient care to more patients in the state.”
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Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. It has been some time since the company released key news.
However, in the last 2 months, the company announced being a part of an investor’s conference. As well back on August 3rd the Green Thumb released its Q2 2022 results.
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Q2 2022 Highlights
- Revenue increased 4.8% sequentially and 14.6% year-over-year to $254.3 million.
- First half 2022 revenue increased 19.4% to $496.9 million compared to the first half of 2021.
- Eighth consecutive quarter of positive GAAP net income, delivering $24.4 million or $0.11 per basic and $0.10 per diluted share.
- Adjusted Operating EBITDA grew 17.4% sequentially to $78.7 million or 31.0% of revenue.
- Cash flow from operations of $39.9 million year-to-date.
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