Top Marijuana Stocks For January 2024 Gains

Will Investors Buy These Marijuana Stocks Right Now?

Marijuana stock investors are keeping their focus on the future. But why some may ask? With the cannabis sector being so volatile several things will need to take place for better trading. All of this will need to happen in the near to far future for stronger confidence regarding cannabis investing. This year we have seen a continuation of growth in the form of revenue and an increase in demand for more cannabis products.

Over the last several months companies have been reporting their Q4 2023 financials and full-year results. From this more people have taken in interest in finding the best marijuana stocks to buy. Cannabis although still federally illegal is booming inside of legal markets around the globe. Especially in the United States where the bigger piece of the market takes place. The future outlook and what is currently taking place in the industry for cannabis investing is so crucial.

At the start of trading marijuana stocks, there was the green rush bubble phase. But things tapered off and much of the sector began to fall. This is where the cannabis sector went on a very long volatile downtrend. Now things have gotten better in that time but the sector is still filled with a lot of volatility. However, with the hope of federal reform and other regulatory concerns being met things could change for the better. Below are some cannabis stocks to watch in 2024.

Top Marijuana Stocks To Watch 2024

  1. IM Cannabis Corp. (NASDAQ:IMCC)
  2. Village Farms International, Inc. (NASDAQ:VFF)
  3. Tilray Brands, Inc. (NASDAQ:TLRY)

IM Cannabis Corp.

IM Cannabis Corp. engages in the breeding, growing, and supply of medical cannabis products in Israel and Germany. IMC_logo_corp In recent news, the company reported its 2023 financial results.

2023 Financial Key Mentions

  • Revenue decreased to $48.8 million for the fiscal year
  • Gross profit increased to $9.8 million for the fiscal year
  • The Company’s fair value adjustment was approximately $1 million for the fiscal year
  • Net Loss from continuing operations

Village Farms International, Inc.

Village Farms International, Inc., together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. VFF

Recently the company announced the start up of a renewable natural gas facility. Operations have started at the Delta (British Columbia) Renewable Natural Gas production facility, in partnership with Atlanta-based Terreva Renewables.

Words From The Company

“We are proud to contribute to environmental sustainability, while at the same time transitioning Village Farms Clean Energy’s model to one that will generate incremental cash flow, profitability, and value for our shareholders, beginning immediately,” said Michael DeGiglio, President and Chief Executive Officer, Village Farms.

[Read More] April 2024’s Green Giants: Leading Stocks in the Cannabis Sector

Tilray Brands, Inc.

Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company announced a new scientific publication on age-related patterns of medical cannabis use. marijuana stocks on robinhood Tilray Inc. (TLRY)

The new study was derived from the Canadian Cannabis Patient Survey (CCPS) 2021. It is comprised of 2,697 patients and focused predominantly on older patients with an average age of 54. This study presents to the medical and scientific community the consumption trends observed in patients. As well as the self-reported impacts of medical cannabis in alleviating the patients’ primary symptoms.

[Read More] April’s Harvest: Top Cannabis REITs for Long-Term Growth

Study Highlights

  • Tilray Led Study Shows Chronic Pain, Arthritis, Anxiety, and Insomnia as Primary Illnesses and Symptoms for Medical Cannabis Use
  • 53.8% of Medical Cannabis Patients in Study Reported a Decrease on Prescription Opioid Use

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