Here Are 2 Marijuana Stocks To Watch In 2025
Marijuana stocks are still facing a fair amount of volatile trading. Some feel this is due to several reasons one being an ongoing concern. The first is the passing of the Presidential election and what will take place for the cannabis industry under Donald Trump. As well it is the Holiday season so things can be a bit crazy inside and out of the sector. Now the bigger ongoing issue of federal reform and the future of the sector is what many are worried about.
Yet the current state of the industry beyond better laws is showing great success. More cannabis companies around the US are having much success and showing sizable profits being made. Most companies recently reported their Q3 2024 earnings showing revenue in the billions. Just this alone shows people why legal cannabis is just as legitimate as any other thriving industry.
The cannabis sector has shown strong growth even with the lack of better regulations and laws. People are still intrigued by the sector and are always keeping an eye open for top marijuana stocks to buy. At this time if you want to invest in cannabis do your research and create a trading strategy. The more prepared you are the better odds at seeing better gains. Below are several marijuana stocks to watch for better trading.
Top Marijuana Stocks For You
- Cresco Labs Inc. (OCT:CRLBF)
- Green Thumb Industries Inc. (OTC:GTBIF)
Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. On November 8th the company reported its Q3 2024 earnings.
Third Quarter 2024 Highlights
- Third quarter revenue of $180 million.
- Gross profit of $93 million. Adjusted gross profit1 of $95 million; and an Adjusted gross margin1 of 53% of revenue, a 250 bps improvement year-over-year.
- SG&A of $57 million. Reduced Adjusted SG&A1 by 6% year-over-year to $53 million, or 30% of revenue.
- Net loss of $8 million.
- Third quarter Adjusted EBITDA1 of $51 million, up 5% year-over-year; and
- Adjusted EBITDA margin1 of 29%, a 280 bps improvement year-over-year.
- Record third quarter operating cash flow of $49 million and Free Cash Flow1 of $43 million.
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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 announced it has repaid the Cansortium Loan.
Following Cansortium’s recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million.
[Read More] 3 Marijuana Stocks For Your Holiday Trading
Words From The Company
“I want to congratulate the Cansortium team on their announcement yesterday and wish them well with the upcoming business combination with RIV Capital,” said Ben Kovler, Green Thumb Founder, Chairman and Chief Executive Officer.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com