Marijuana Stocks December 2024

Here Are 3 Top Marijuana Stocks To Watch After Earnings

Over the last several years, the cannabis industry has experienced a significant change. The industry has ripened from a stigmatized market to one of the fastest-growing sectors in the economy. As legalization efforts continue and societal perspectives shift, investing in cannabis stocks is an enticing opportunity for forward-thinking investors. Here’s a glimpse at why marijuana stocks illustrate the tomorrow of investing and how the legal market continues to develop.

Some might say one of the bigger reasons to find top marijuana stocks to buy is the push for better reform. Just back in 2023 many states voted to enact medical and adult use marekts. Right now over 50% of the United States has legalized cannabis in some form adding to the progress of the industry. In addition to the US, several global regions like cannabis and parts of Europe have also legalized cannabis. Some cannabis companies are reporting record revenue almost every quarter.

This shows people that even in the volatile sector there is the potential for consistent upward momentum. Investors looking at pot stocks can scour a mixture of investment vehicles. From pure-play cannabis producers to ancillary businesses like equipment suppliers, marketing agencies, and technology firms. With all these moving parts the possibilities are vast. Below are several marijuana stocks to watch in today’s stock market.

Top Marijuana Stocks For Your Portfolio

  1. Green Thumb Industries Inc. (OTC:GTBIF)
  2. Jushi Holdings Inc. (OTC:JUSH)
  3. Curaleaf Holdings, Inc. (OTC:CURLF)

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 had repaid the Cansortium Loan. GTBIF

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.

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.”

Jushi Holdings Inc.

Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. In early November 2024, the company reported its Q3 2024 financial earnings. Jushi pot stocks

Third Quarter 2024 Financial Highlights

  • Total revenue of $61.6 million
  • Gross profit and gross profit margin of $28.0 million and 45.4%, respectively
  • Net loss of $16.0 million
  • Adjusted EBITDA1 and Adjusted EBITDA margin of $10.3 million and 16.8%, respectively
  • Cash, cash equivalents, and restricted cash of $22.9 million as of the quarter end
  • Net cash flows provided by operations of $2.4 million

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Curaleaf Holdings, Inc.

Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. marijuana stocks to watch Curaleaf Holdings (CURLF) (CURA)

Back in November the company also reported its 3rd quarter 2024 financial results.

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Q3 2024 Highlights Keymentions

  • Net Revenue of $330.5 million, a year-over-year decrease of 1% compared to Q3 2023 revenue of $333.2 million. Sequentially, net income decreased 3%
  • Gross profit of $160.5 million and gross margin of 49%
  • Adjusted gross profit(1) of $161.3 million and adjusted gross margin(1) of 49%, an increase of 312 basis points year-over-year
  • Net loss attributable to Curaleaf Holdings, Inc. of $44 million from continuing operations or net loss per share from continuing operations of $0.07
  • Adjusted EBITDA(1) of $75.3 million and adjusted EBITDA margin([1]) of 23%, a 23 basis point increase year-over-year
  • Cash at quarter end totaled $90.0 million

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