2 Marijuana Stocks Investors Are Keeping An Eye On
Right now marijuana stocks are a hot topic of discussion for those looking to get involved in the cannabis industry. The big focus on marijuana investing is centered around the U.S. cannabis industry. This is because of all the legislation that is being created for better cannabis laws in the United States. Recently a report came out stating that the U.S. cannabis industry has reached over $17 billion in legal cannabis sales with a 5-year projection of $35 billion.
The fact that half that amount was made in a short time means it’s possible to see even more revenue in a shorter period. This has caused a great deal of speculation for investors which has led to more volatile trading. Because of how volatile cannabis stocks are finding good entry points can be a bit easier than in other sectors. With stock prices fluctuating at a fast rate it gives investors a chance to see gains in a shorter time.
However, with how fast the industry is growing there are new cannabis companies that are still developing that may be a better long-term investment. Like anything, you invest your money into it’s all about time patience, and understanding. For example, you need to educate yourself on how to trade marijuana stocks. This so you can have a better understanding of the market.
Next, you need to put time into learning about each cannabis company do your due diligence to limit the amount of risk with investing in a company. Last is being patient and waiting for the right time to buy and sell. There is still a great amount of growth left to be seen in the cannabis industry. The cannabis stocks below are examples of possible cannabis companies that may start to pick up in trading.
Marijuana Stocks To Watch
Trulieve Cannabis Corp.
Marijuana stock t watch Trulieve Cannabis Corp. is the dominant player in the Florida cannabis market. In fact, they were the first company to be awarded a cannabis license in the state. Since then the company has been growing and expanding its footing in the Florida cannabis market. In recent news, the company released its Q4 2020 results and 2021 guidance. Some of the Q4 highlights are the company achieved revenues of $521.5 million, representing year-over-year growth of 106%.
As well as Record fourth-quarter revenues of $168.4 million, a 24% sequential increase. Also, the company was able to see a 2020 Adjusted EBITDA of $251.0 million, representing year-over-year growth of 99%. Not to mention an adjusted EBITDA of $78.2 million in Q4. Which was an increase of 19% from the third quarter. Another thing to note is Truelieve delivered $99.6 million in cash flows from operations for the year.
“2020 was a year of foundational growth that sets the stage for what we expect will be an exciting and transformational year of national expansion. We had an excellent fourth quarter with strong financial performance capping off our highest annual revenue, net income, and Adjusted EBITDA year to date. Our results reflect the outstanding work we’ve accomplished as a company and our focus on continuous improvement. Our full-year Adjusted EBITDA in 2020 was nearly equal to our prior year revenue,” stated Kim Rivers, Trulieve CEO.
Final Thoughts On TCNNF Stock And Market Performance
Right now Trulieve is setting its self up for the future of the industry. With political changes happening in regards to cannabis legislation the company is working on being able to adapt to any new laws that are in place. In the last year, TCNNF stock has had performed well in the market with an over 500 percent increase in the last year of trading.
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Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. is one of the few marijuana stocks that some analysts believe to be a better long-term investment. Part of this long-term belief is based on the company still working on reaching its full capability as a business. Some investors feel that there is much growth left to be seen even as the company has been progressing in the cannabis industry.
Back on March 15th, the company announced that Mr. Carlos Madrazo has been appointed to the role of Senior Vice President of Investor Relations and Capital Markets. This is a new position for the company that they feel will add more value to the global cannabis and consumer packaged goods markets.
“We are truly excited to welcome Carlos to the Curaleaf team as we continue our expansion into new markets domestically as well as internationally following our recently announced agreement to acquire EMMAC Life Sciences Limited, the largest vertically integrated independent cannabis company in Europe,” said Joseph Bayern, Chief Executive Officer of Curaleaf. ”
Overall the Curaleaf is working on growing and expanding in the cannabis industry. The company is making sure its business is being run by the right people. With the right staff working, the operation adapting to changes can be a simpler task to complete. In the last year of trading, CURLF has been fighting its way past volatility to reach new market levels. In this time CURLF stock has increased 400 percent in the last year of trading. As things pick up in 2021 CURLF has certainly piqued the interest of more investors.