Cannabis Stocks To Watch In May Now

Top Marijuana Stocks To Buy Before July Begins?

In 2024, the cannabis sector has undergone substantial growth. This has made it a pivotal year for marijuana stocks and investors alike. As legalization efforts continue to gain momentum globally, the industry has seen an influx of capital. As well as innovation, driving expansion across various segments. Marijuana stocks have been quite dynamic, showing the volatility and potential for significant gains in the stock market. Cannabis companies involved in cultivation, distribution, and ancillary services have garnered considerable attention from investors.

Many of them are looking to take advantage of the burgeoning industry. So far 2024 has seen a diversification of investment opportunities where more people are looking for top marijuana stocks to buy. Particularly from established producers to emerging technology firms focused on improving cultivation processes and product delivery. Investing in cannabis has demonstrated to be profitable for many. There are investors who were early adopters of marijuana stocks reaping substantial rewards.

If you are new to the world of cannabis investing some intro principles to consider are as follows. First, do your homework on the sector and learn about which companies are leading the industry. Next, build a list of marijuana stocks and watch how they perform in the market. Then when you are confident in your due diligence have a trading plan in order. The better prepared you are the better odds at seeing bigger profits. Below are some top marijuana stocks to watch before next month.

Top Marijuana Stocks For Investors

Green Thumb Industries Inc. (OTC:GTBIF)
Verano Holdings Corp. (OTC:VRNOF)
Cresco Labs Inc. (OTC:CRLBF)

Green Thumb Industries Inc.

Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. In recent news, the company has further expanded its footprint in Florida. GTBIF
The company has opened a new RISE Dispensary in New Port Richey which makes for its 17th retail location. This new location is now open for business.

Words From The Company

“We are thrilled to continue our Florida expansion through the opening of RISE New Port Richey. The team has an incredibly exciting opening event planned this Friday for new and existing patients in the area, where we will showcase and provide substantial discounts on our award-winning portfolio of brands that includes RYTHM and Dogwalkers,” said Green Thumb President Anthony Georgiadis.”

Verano Holdings Corp.

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States.  VRNOFIn recent news, the company announced the expansion of the Cabbage Club™ to Connecticut, Maryland, and Michigan.

Words From The Cheif Marketing Officer

“After beating early expectations in Illinois and New Jersey, introducing Cabbage Club to new consumers in three of the nation’s leading cannabis markets further emphasizes our mission to differentiate and disrupt the retail landscape by providing a shopping and community experience unlike any other available in the category today,” said David Spreckman, Verano Chief Marketing Officer.”

[Read More] 3 Marijuana Stocks To Buy As A Cannabis Investor

Cresco Labs Inc.

Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. Cresco Labs

On May 15th the company reported its continued trend of financial improvement with Q1 2024 financial results.

[Read More] Top Marijuana Stocks to Watch Before July

First Quarter 2024 Highlights

  • First quarter revenue of $184 million, flat year-over-year, excluding the impact from strategic divestitures aimed to drive profitability.
  • Gross profit of $92 million. Adjusted gross profit1 of $95 million up 7% year-over-year; and an Adjusted gross margin1 of 51% of revenue, a 580 bps improvement.
  • SG&A of $54 million.
  • Reduced Adjusted SG&A1 by 24% year-over-year to $52 million, or 28% of revenue.
  • First quarter income before income taxes of $16 million, a net loss of $2 million.
  • $36 million in operating cash flow up 1,000% year-over-year. $33 million in Free Cash Flow1.

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