The Top 2 Marijuana Stocks To Buy Right Now?
Many marijuana stock investors are evaluating the current sector and looking to make adjustments to take more profits. How will some achieve this with a high level of volatile action for the bulk of the cannabis sector? So the way most have taken profits has been a waiting game in the sense of watching for any pop in trading. Anytime there is a moment of market recovery investors try to take profits before the next drop.
Unfortunately for some time, the cannabis sector has been hit with a decline in trading. This decline has been the fault of the uncertainty of the industry having to do with federal reform and other regulatory concerns. Still, the overall key point to making a profit with marijuana stocks is to be patient and be able to sell at the right time which is how making money with stocks work. However, other areas of the stock market show healthier trading versus marijuana stocks. Nevertheless over the last year or so, many have had to adjust their trading and investment strategy when it comes to cannabis stocks.
Hopefully, in the near future, we begin to see sustainable momentum for the sector allowing more shareholders to take profits Now nothing is a guarantee which is why those who are optimistic about the future of the sector are waiting for the time to buy and sell. With how volatile the sector is finding the best marijuana stocks to buy at low entry points is key. The goal in making a nice profit is to buy low and sell high as the old saying goes. Below are a few marijuana stocks to watch for better trading this week.
Top Marijuana Stocks To Watch 2023
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically-integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names. In recent news, the company reported its Q1 2023 financial results.
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Highlights And Key Mentions
- Opened seven new stores in Florida since the beginning of 2023, bringing AYR’s total footprint to 60 dispensaries across the state.
- On track to rebrand all of the Company’s Florida stores from Liberty Health Sciences to AYR Cannabis Dispensary this summer.
- Leadership Updates: new company leadership organization is fully in place to lead our “Grow Forward Plan”
- Appointed four Regional General Managers, coming from internal and external sources and with full P&L ownership of their respective markets.
- Appointed Andy Cho as Chief Digital & Marketing Officer.
- Appointed Kenny Stoll as Chief Supply Chain Officer.
- Appointed Alexandra Gonzalez Burke as VP of Retail Performance.
- Realized multiple internal promotions and new hires across key departments, including retail excellence, client development, and supply chain, among others.
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. The company has reported its Q1 2023 financial results. 
Key Mentions And Highlights
- Revenue was $24.9 million as compared to $25.7 million, a decrease of 3.0%.
Gross profit was $10.9 million or 43.7% as compared to $12.9 million or 50.2%. - Total expenses were $15.3 million as compared to $16.6 million, a decrease of 7.8%.
- Net loss of $6.3 million as compared to a net loss of $2.1 million.
- Adjusted EBITDA of $0.68 million as compared to Adjusted EBITDA of $2.61 million.
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