Top Marijuana Stocks To Focus On This Month
Marijuana stock investors are keeping their eyes out for any new investment opportunities. For some time there has been more volatility entering the sector. This has been both a positive and negative position for investors. Unfortunately, the downside is a drop or lack of upward trading momentum. But there are moments when the volatility plays in favor of shareholders and a recovery begins. Most marijuana stocks trade with unpredictable patterns, which can make it tough to find the best marijuana stocks to buy.
Yet with proper planning and creating a game plan, you may be able to make some money. Right now there is a lot of progress taking place for the cannabis industry. More states are going legal expanding the market and creating new ones. Also, more people in the industry are waiting for better rules and regulations.
With better laws and regulations in place, the cannabis industry has a better chance of reaching its full potential. For now many see cannabis stock investing as the investment of the future. Especially with no federal reform in place although legislators are currently working on it right now. Below are several marijuana stocks to watch this upcoming week. Just make sure you do your homework before any trading is done.
Top Marijuana Stocks To Watch Today
- Green Thumb Industries Inc. (OTC:GTBIF)
- TerrAscend Corp. (OTC:TSNDF)
- Jushi Holdings Inc. (OTC:JUSHF)
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.
In recent news on August 15th opened a RISE dispensary in Fruitland Park FL. This makes for the company’s 85th retail location in the nation which was open officially on August 16th.
Words From The President Of GTBIF
“We are excited to open our 8th medical dispensary in the Sunshine State, and introduce our high-quality, premium cannabis products to patients in the Fruitland Park and Lake County community,” said Green Thumb President Anthony Georgiadis.
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TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. 
The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. Recently the company reported its Q2 2023 earnings.
Second Quarter 2023 Financial Highlights
- Net Revenue was $72.1 million, an increase of 3.9% sequentially and 12.7% year-over-year.
- Gross Profit Margin was 50.2%, compared to 48.8% in Q1 2023 and 37.5% in Q2 2022.
- GAAP Net loss from continuing operations was $12.9 million, compared to $19.2 million in Q1 2023 and net income of $16.9 million in Q2 2022.
- EBITDA from continuing operations1 was $6.5 million, compared to $6.1 million in Q1 2023 and $38.4 million in Q2 2022.
- Adjusted EBITDA from continuing zoperations1 was $12.8 million, compared to $12.2 million in Q1 2023 and $8.8 million in Q2 2022.
- Adjusted EBITDA Margin from continuing operations1 was 17.8%, compared to 17.6% in Q1 2023 and 13.8% in Q2 2022.
- Net cash provided by (used in) operating activities – continuing operations was $1.8 million compared to $10.5 million in Q1 2023 and ($14.9) million in Q2 2022.
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. It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States. 
On August 22nd the company announced the opening of its 6th Beyond Hello dispensary in Woodbridge Virginia.
[Read More] Top Marijuana Stocks To Watch Right Now 2023
Words From The Company
“Located in Prince William County in a suburban community just outside of Washington, D.C. and situated along the Potomac River, Beyond Hello™ Woodbridge marks the opening of our sixth dispensary in Virginia,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi Holdings Inc.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
