Top Marijuana Stock For Better Trading In 2024
The cannabis industry is still fairly young and growing day by day. At one point in time, legal cannabis was so new that people did not know how to react. Some felt that the sector would fail due to cannabis still being federally illegal. Yet those who thought that are now seeing that is not the case. The cannabis industry as a whole has been flourishing even with a lack of federal reform. With the amount of progress and revenue being made more people are looking for ways to get involved.
Not everyone has the capital or resources to start a cannabis company. However, with marijuana stocks, it is the road less traveled to become invested in legal cannabis. For the last several years the cannabis sector has been through various phases. Back in 2018-2019, many marijuana stocks were trading at much higher levels. As well as showing better consistency and upward moment.
As time went on and more obstacles came into play it led to a decline due to market volatility. Still even with the current volatile trading people are still looking for the best marijuana stocks to buy. Many feel that the future of the sector will be big and could help lower the volatility. Especially once there is some type of federal reform put into play. For. now it’s best to build your portfolio do your research and stick to your plan. Below are several marijuana stocks to watch as we enter into 2024.
Top Marijuana Stocks For Your Watchlist
Aurora Cannabis Inc. (NASDAQ:ACB)
Village Farms International, Inc. (NASDAQ:VFF)
Canopy Growth Corporation (NASDAQ:CGC)
Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: 
Canadian Cannabis, European Cannabis, and Plant Propagation. In recent news, the company announced its fiscal 2024 Q2 results. From this Aurora delivered a record positive adjusted EBITDA.
Q2 2204 Highlights
- Delivers Record Positive Adjusted EBITDA1 of $3.4 Million
- Quarterly Net Revenue1 rose 30% YoY to $63.4 Million; Strong Growth of 42% in Global Medical Cannabis
- Net cash position of over $200 Million, Expects to Repay the Remaining US$5.3
- Million Balance of Convertible Senior Notes in February 2024
- Re-Affirms Target of Achieving Positive Free Cash Flow1 in Calendar Year 2024
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. Recently the company reported strong Q3 results. This was shown by the positive cash generated from each operating segment.
[Read More] 3 Marijuana Stocks To Watch In A Budding Industry Come 2024
Third Quarter Highlights
- Consolidated sales decreased (2%) year-over-year to $69.5 million from $71.1 million;
- Operating loss before tax and loss from equity method investments improved to ($2.9 million) from an operating loss before tax of ($12.3 million);
- Consolidated net loss improved to ($1.3 million), or ($0.01) per share, compared with ($8.7 million), or ($0.10) per share;
- Consolidated adjusted EBITDA (a non-GAAP measure)1 improved to $3.2 million from negative ($2.2 million); and,
- Consolidated cash flow improved to $8.8 million compared with cash used of ($9.8 million).
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. 
On November 15th the company announced the addition of four new flower product offerings from iconic brands 7ACRES. As well as Tweed which came just in time for the holiday season.
[Read More] Top Ancillary Cannabis Stocks for Late 2023
Words From The Company
Our new high-quality flower offerings, including a holiday taster pack from 7ACRES and new strains from the iconic Tweed brand, are the perfect complement to any festive adult celebration,” said Dave Paterson, President, of Canada, Canopy Growth.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
