October 2024: Canadian Cannabis Stocks with High Potential

Here Are 3 Marijuana Stocks For Cannabis Investors 2024

When looking for top marijuana stocks what would a person look for or do? Like all things, you need to do your homework. Some various sectors and companies make up the cannabis industry. Progress and success can mean better gains in the market. The cannabis industry as a whole has come a long way since it first began. Now with almost every state in the US having legal cannabis operations are growing for most companies. Also, places like Canada and certain parts of Europe have a legal cannabis industry as well.

With this info, you can research the companies and see how they perform. Learn what factors determine better trading. Most marijuana stocks trade in volatile space created by uncertainty caused by reform and regulatory issues. Overall the cannabis industry is still developing day by day. By keeping up with news and trends you can have better insight on the companies worth investing in. A trading and investment plan should be drawn up as guidelines to maximize profits.

You always want to mitigate risk as much as possible. As things are still coming along the future is where many feel the investing should be done. There will always be moments to find marijuana stocks to buy and sell. Yet while the iron is still hot being an early shareholder today could have a strong payday tomorrow. Below are several marijuana stocks to watch in today’s cannabis sector.

Top Marijuana Stocks For Your Watchlist

Tilray Brands, Inc. (NASDAQ:TLRY)
Canopy Growth Corporation (NASDAQ:CGC)
Village Farms International, Inc.(NASDAQ:VFF)

Tilray Brands, Inc.

Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, and Australia. marijuana stocks on robinhood Tilray Inc. (TLRY)

PlusNew Zealand, Latin America, and internationally. On October 10th the company reported its Q1 2025 financial results.

Highlights And Keymentions

  • Net revenue increased 13% to $200 million in the first quarter compared to $177 million in the prior year quarter.
  • Gross profit increased by 35% to $59.7 million in the first quarter compared to $44.2 million in the prior year quarter. Gross margin increased to 30% in the first quarter compared to 25% in the prior year quarter.
  • Net loss improved by 38% to $(34.7) million in the first quarter compared to $(55.9) million in the prior year quarter.

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 the United States, Canada, Germany, and internationally. marijuana stocks on robinhood Canopy Growth (CGC)

In recent news, the company has confirmed its purchase of Wana. Canopy USA now owns 100% of the outstanding equity interests in Wana.

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Words From The Company

“With Wana now part of Canopy USA alongside Jetty, Canopy USA is gaining momentum while reinforcing its commitment to building a diverse portfolio of industry-leading brands in the U.S. cannabis market,” said David Klein, Chief Executive Officer of Canopy Growth, and member of the board of managers of Canopy USA.”

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. VFF

In more current news the company had its Q2 2024 earnings call. The company went over its financial reporting record sales while jumping over more hurdles.

[Read More] Top Cannabis REITs to Watch in October 2024 for Strong Returns

Financial Highlights

  • Total Net Sales: $92.1 million, up 19% year over year.
  • Net Loss: $23.5 million or $0.21 per share.
  • Canadian Cannabis Sales: CAD55.8 million, up 45% year over year.
  • Fresh Produce Sales: $47 million, up 7% year over year.
  • Consolidated Adjusted EBITDA: Negative $3.6 million.
  • Cash Flow from Operations: CAD7.2 million positive.
  • Gross Margin for Canadian Cannabis: 26%, excluding low-margin sales 28%.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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