Here Are 3 Marijuana Stocks To Watch For Potential Gains
Often when looking at a marijuana stocks progress outside of the market it doesn’t always corralte inside of it. Meaning a company as a business could be doing well. But that doesn’t mean as a public company the stock is trading well. Much of the cannabis sector is volatile as many know yet the optimism about the future is keeping many interested.
The cannabis industry is seeing the evolution of new products. This includes edibles, oils, and wellness products. All of which can attract a wider audience and create new revenue streams. Now while investing in cannabis comes with risks, successful companies in this space have shown potential for high return rates. Hence the speculation of what will take place when things come together a bit more for the sector.
As the industry matures and companies scale, profitability could increase significantly. The growth and success outside of the market is where the potential is being seen. Many companies were able to produce promising Q4 2024 results. As a whole the cannabis industry has seen a significant change in recent years, driven by the legalization of marijuana for both medical and recreational use. Below are some top marijuana stocks to watch as the sector continues to expand.
Top Marijuana Stocks For Your Watch List
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- Cresco Labs Inc. (OTC:CRLBF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. On March 21st the company released its Q4 2024 results.
Highlights And Keymentions
- $13.3 million vs $65.4 million for full year 2023
- Gross margin of 47.3% compared to gross margin of 27.3% for the same period in 2023.
- $10.1 million, or 57.7% decrease in salaries and benefits vs full year 2023.
- $14.4 million, or 59.9% decrease in G&A vs full year 2023.
Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. Back on March 12th, the company released its financial and operating results for the fourth quarter and year ended December 31, 2024.
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Q4 2024 Highlights
- Fourth quarter revenue of $176 million. Fourth quarter operating cash flow of $29 million and Free Cash Flow1 of $27 million.
- Gross profit of $84 million. Adjusted gross profit1 of $87 million; and an Adjusted gross margin1 of 50% of revenue.
- SG&A of $56 million or 32% of revenue.
- Net income of $0.4 million.
- Fourth quarter Adjusted EBITDA1 of $42 million and Adjusted EBITDA margin1 of 24%.
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Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. In recent news, the company reported its Q4 2024 results. 
Fourth Quarter 2024 Financial Highlights
- Net Revenue of $331.1 million, a year-over-year decrease of 4% compared to Q4 2023 revenue of $345.3 million.
- Gross profit of $157.4 million and gross margin of 48%, an increase of 230 basis points year-over-year.
- Adjusted gross profit(1) of $158.7 million and adjusted gross margin(1) of 48%, an increase of 150 basis points year-over-year.
- Adjusted net income(1) from continuing operations of $12.4 million or adjusted net income per share from continuing operations of $0.02.
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