Pot Stocks To Watch In 2023

Here Are 3 Marijuana Stocks For Cannabis Investors

2024 is already looking like a promising time for marijuana stock investors. Every year the cannabis industry continues to grow and evolve. Through this process, we see moments that are both good and bad. The path that legal cannabis has taken has not been an easy one. It many years to get to the point we are at now with a much greater acceptance of cannabis. During this new year, we will see another attempt to establish better regulations and reform that hopefully stays in favor of those who are in favor of legal cannabis.

In 2023 there have been many new dispensaries and products that have been created. As well as strategic partnerships and the restructuring of companies’ new board or staff members. All of the above shows that there is a strong outlook for the future of legal cannabis. This also entices more people to invest leaving them searching for the best marijuana stocks to buy. There are many ideas and plans that people and business owners have that they feel will be the best direction for legal cannabis.

For now many are looking to take their chances in the market. So more people begin to invest always do yoru research and have a strategy that allows the best odds for seeing strong returns. The companies mentioned in this article are some of the best marijuana stocks to watch in today’s stock market. Especially the amount of volatility that is currently impacting the cannabis sector.

Top Marijuana Stocks To Watch Today

  1. Cresco Labs Inc. (OTC:CRLBF)
  2. Green Thumb Industries Inc. (OTC:GTBIF)
  3. Jushi Holdings Inc. (OTC:JUSHF)

Cresco Labs Inc.

Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. CRLBF LogoIn recent news, the company reported its Q3 2023 earnings.

Third Quarter 2023 Financial Highlights

  • Third quarter revenue of $191 million, with retail growth and strong performance in core markets helping to offset purposeful attrition from divested assets.
  • In comparison to Q1, when the Company initiated the Year-of-the-Core strategy, adjusted gross margin1 increased by over 480 bps, adjusted SG&A1 decreased by $40 million on an annualized basis, and adjusted EBITDA margin1 rose by over 1000 bps.
  • Generated $62 million in operating cash flow through the first nine months of the year.
  • Gross profit of $94 million, 49% of revenue.
  • Adjusted gross profit1 of $96 million and adjusted gross margin1 of 51%, up 373 bps from the second quarter.
  • Adjusted SG&A1 of $57 million, a reduction of $4 million sequentially to just under 30% of revenue.

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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. On November 8th the company released its Q3 2023 earnings. GTBIF

Q3 2023 Financial Earnings And Keymentions

  • Third-quarter revenue of $275 million increased 9% sequentially.
  • GAAP net income for the third quarter of $11 million or $0.05 per basic and diluted share.
  • Adjusted EBITDA for the third quarter was $83 million or 30% of revenue.
  • Third-quarter cash flow from operations was $61 million, bringing the year-to-date total to $154 million.
  • Cash at quarter end totaled $137 million.
  • Share repurchases of $25 million during the quarter, over 1% of shares outstanding.
  • Adult-use cannabis sales commenced at four RISE Dispensaries in Maryland on July 1.
  • RISE Dispensaries opened in Las Vegas, Nevada, and Fruitland Park, Florida.

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Jushi Holdings Inc.

Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. Recently the company announced the option Re-pricing program.

Jushi pot stocks

Its board of directors has approved an option re-pricing program concerning certain options issued to seven senior management employees. As well as three independent directors under the Company’s 2019 Equity Incentive Plan.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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