Top Marijuana Stocks To Buy And Hold Till 2023?
Marijuana stocks continue to see more volatile trading. However, in most cases volatility leads to a drop in trading. Yet so far this week’s volatility has led to better trading along with hopes of seeing federal reform enacted. When their news that brings on positive speculation it can have a positive impact on the cannabis sector. Over the last year news regarding the cannabis industry as a whole has been better city than direct progress from the company itself. An example is when news on regulations and legislation tends to move marijuana stocks more so than positive news about the company directly. Still for those looking for marijuana stocks to buy you want to play the market correctly and come up with a strategy.
It is best to have a plan and trade that plan especially with how the cannabis sector and rise or fall without warning. Now some publicly traded cannabis companies do trade with less volatility making it a safer investment option for some. These companies that are less volatile are mainly from the company not only relying on the cannabis industry to run their business. Still, if you are looking to invest conducting thorough due diligence will help in the long run. You want to do all you can that will help limit your risk and give you the best upside on your investment. The companies below are various marijuana stocks to watch that could offer the value investors are looking for.
Top Marijuana Stocks To Watch This Month
- Acreage Holdings, Inc. (OTC:ACRHF)
- StateHouse Holdings Inc. (OTC:STHZF)
- MedMen Enterprises Inc. (OTC:MMNFF)
Acreage Holdings, Inc.
Acreage Holdings, Inc. formerly High Street Capital Partners, is a principal investment firm specializing in the cannabis industry. During the first few weeks of August, the company released its Q2 2022 earnings.
Second Quarter 2022 Financial Highlights
- Consolidated revenue was $61.4 million for Q2 2022, an increase of 39% year-over-year.
- Gross margin of 50% compared to 52% in Q1 2022, and 54% in Q2 2021.
- Adjusted EBITDA* was $10.4 million in Q2 2022, compared to $8.1 million in Q2 2021, and $8.6 million in Q1 2022. Adjusted EBITDA* as a percentage of consolidated revenue was 16.9% for the second quarter of 2022.
StateHouse Holdings Inc.
StateHouse Holdings Inc. engages in the cultivation, processing, manufacturing, and distribution of cannabis. As well as retail cannabis products for the adult-use and medical markets in the United States. It operates 14 dispensaries covering Northern and Southern California and one in Oregon. The company was formerly known as Harborside Inc. and changed its name to StateHouse Holdings Inc.
On October 3rd the company announced a new distribution partnership with Nabis. Under the terms of the partnership, Nabis has assumed all of StateHouse’s distribution obligations. Nabis has a leading cannabis wholesale platform in California and is the state’s single largest distributor of cannabis. It is the ideal partner to ensure the broad and efficient distribution of StateHouse’s products.
Given the scale of the Nabis platform, StateHouse expects the Partnership to expand the reach of its brands across the state. The partnership is expected to create millions of dollars of cost savings for StateHouse. Savings are expected to be achieved through a lower headcount and through reduced costs related to insurance, fuel, truck leasing, banking fees, and overtime pay. Outsourcing distribution also enables the Company to put greater focus on optimizing its leading retail and wholesale operations in California to further expand margins and market share.
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MedMen Enterprises Inc.
MedMen Enterprises Inc. together with its subsidiaries operates as a cannabis retailer in the United States. The company provides products under the MedMen Red and LuxLyte brand names. On August 26th the company announced Green Sentry Holdings, LLC has completed the acquisition of MedMens Florida MMTC license and assets. 
Green Sentry has acquired all of MedMen’s Florida assets for a total consideration of $63 million plus the assumption of lease liabilities. The purchase was funded with the proceeds of a non-brokered equity raise and a $30 million debt facility from a private lender.
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Words From The CEO
“As a team, we are beyond excited to re-enter the Florida market, where we have built a presence and a reputation for honoring the plant,” said Brady Cobb, CEO and Founder of Green Sentry. “It’s humbling to see my executive and operational teams stay together to close this transaction and launch Sunburn Cannabis. I’m incredibly proud to launch Sunburn and share my family’s passion and knowledge for the plant with people in Florida.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
