Will These Marijuana Stocks Yield Better Gains In 2024
Marijuana stocks are still showing a lack of momentum at the end of 2023. For a long while there has been trouble with the way cannabis stocks trade. The level of volatility has increased to a point where there is a low amount of consistency when good trading happens. What this means is when marijuana stocks start to see a recovery it is often short-lived. This makes it tough for investors to take profits. In addition to making it even more challenging to know when to enter a trade.
Yet many feel that 2024 will be a promising year for the sector. Now this may be so in certain instances. For instance, just becuase a company does well does not mean it will reflect in how the company trades. Nevertheless, 2024 could be a big year for cannabis that would show people now is the time to invest. Legal cannabis is booming regardless of how the market looks. More states are seeing a rise in revenue which is motivating more people to find top marijuana stocks to buy.
Right now people view investing in cannabis stocks as a long-term investment that will yield gains down the line. There are those who are investing and holding till they see some type of federal reform made law. Once this does happen a large amount of investors feel this will end the rise in volatile trading. Which should provide some renewed confidence for investors. Below are some marijuana stocks to watch heading into November.
Marijuana Stocks To Watch This Month
- Goodness Growth Holdings, Inc. (OTC:GDNSF)
- Lowell Farms Inc. (OTC:LOWLF)
- Gold Flora Corporation (OTC:GRAM)
Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. operates as a cannabis company in the United States. The company cultivates, processes, and distributes medical and adult-use cannabis products. It sells cannabis products through its network of Green Goods and other Goodness Growth branded retail dispensaries and third-party dispensaries in Maryland, Minnesota, and New York. In recent news, the company announced it has amended its lease agreement in the state of New York. 
As part of the fifth amendment to the lease in Johnstown, the Company and its landlord have agreed to increase the tenant improvement allowance on the lease by an additional $14.0 million. The increase in tenant improvement funds will be utilized to support the completion of the construction of the indoor expansion project that was announced in September 2021. The parties have also agreed to a monthly base rental increase of $210,000 beginning November 2023.
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California. Recently the company announced a repurchase of $22 million of seniro-secured convertible debentures. 
The company has repurchased all of the $22,157,417 aggregate principal amount of outstanding Senior Secured Convertible Debentures of its subsidiary, Indus Holding Company. Together with the related warrants to purchase 106,274,830 subordinate voting shares of the Company and 43,248,450 common shares of Indus.
[Read More] Cannabis Investing 2024 Top Marijuana Stocks To Watch
Gold Flora Corporation
Gold Flora Corporation On October 5th Gold Flora initiated the launch of CURRENT, the Company’s newest retail brand. CURRENT was developed to meet market demand for curated craft flower that is flavor-focused.
To celebrate the launch, Gold Flora gave away branded swag and hosted in-store activations at select locations. Statewide third-party retail distribution is expected to commence in November 2023.
[Read More] Top Marijuana Stocks For Cannabis Investing 2024
Words From The Company
“Current was inspired by the passion of cannabis connoisseurs and their endless search for new and rich flavors,” said Phillip Hague, Chief Cultivation Officer of Gold Flora. “We are committed to growing not only high-quality indoor flower that celebrates flavor and experience but also utilizing our unique capabilities and leveraging our full vertical integration to push boundaries and innovate.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
