3 Marijuana Stocks To Buy August 2024
Investing in top marijuana stocks in 2024 can be a bit of a challenge. Sometimes it can be tough knowing which companies to consider and when to take action. For many no matter the sector investing is a skill that takes time to get right. To begin if you are new to marijuana stocks some factors to keep in mind. Most of the sector operates with a large amount of volatility.
What this means is at any time trading can go from up to down without warning. This in itself can impact how people buy sell and overall trade. You want to educate yourself on trading and investing and building a report on how marijuana stocks perform. When you have a gauge of how the sector behaves you can build more confidence when looking for marijuana stocks to buy.
As with any kind of investment, there is always a risk, and cannabis stocks are high risk with volatile returns. Now at one time, this was not the case as cannabis was a sector where people saw quick turnarounds. At this time marijuana stocks have been on the downside. But with everything that is soon to happen for the cannabis industry, there is a great deal of positive speculation. Below are several marijuana stocks to watch heading into a new month.
Top Canadian Marijuana Stocks 2024
- Aurora Cannabis Inc. (NASDAQ:ACB)
- SNDL Inc. (NASDAQ:SNDL)
- Organigram Holdings Inc. (NASDAQ:OGI)
Aurora Cannabis Inc.
Aurora Cannabis Inc., together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. In recent news, the company has received expanded cultivation and unique research licenses for a German facility. 
Under the new license, Aurora may also cultivate an approved additional product and plans to expand their offerings to the rapidly growing German patient base. Aurora will also receive a dedicated R&D license, allowing for the trial of up to seven additional novel cultivars at the company’s local EU GMP facility in Leuna, Germany.
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SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. On July 19th the company announced it will announce its Q2 2024 financial results. 
The company is planning to release these earnings on August 2nd, 2024. Following the release of its second-quarter results, SNDL will host a conference call and webcast at 10:00 a.m. EDT (8:00 a.m. MDT) on August 2, 2024.
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Organigram Holdings Inc.
Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. Recently the company bolstered its auto flower and rare cannabinoid portfolio. This was done with a partial third tranche investment of U.S. 1$ million into Phylos. 
As part of the expanded milestone, Phylos is required to deliver 21 unique auto-flower seed varietals for testing and phenotyping by Organigram. This is being set for no later than September 30, 2024, followed by a second cohort of 21 auto flower seed varietals to be delivered no later than January 31, 2025.
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