Top Marijuana Stocks Are On Their Way To Better Trading Today
The progress of the cannabis industry has been a remarkable achievement. Now many knew this explosion of legal cannabis would happen in such a way. Legal cannabis across the globe is growing and spreading like wildfire. Even though marijuana stocks are not seeing the same success as companies investing in the public sector, it could be profitable down the line. Companies have been expanding operations and teaming with other entities to further meet consumer demands.
The more needs and demands that are met the better the odds of seeing increased interest in legal cannabis. With the current legal climate of the industry ancillary companies and MSOs stand the best chance of picking up in action. Yet the confidence to continue seeing further investing is hard to find for some. Many do not see the short or long-term advantages of owning marijuana stocks. To watch a sector that has not shown a real recovery for a very long time makes it tough to catch it when it does.
Often any jump in trading that has occurred has been short-lived and not consistent enough for other investors to take profits. That is why the speculation of what could take place in the future is where others place their bets. The marijuana stocks to watch below could be the ones to see this better trading when the time comes. For now, it’s best to plan strategize, and observe the sector for the moment things trade up.
Top Marijuana Stocks For Future Gains
- GrowGeneration Corp. (NASDAQ:GRWG)
- Hydrofarm Holdings Group, Inc.(NASDAQ:HYFM)
- The Scotts Miracle-Gro Company (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It operates through two segments, Cultivation and Gardening, and Storage Solutions. The company announced it has entered into a distribution agreement with V1 Solutions. 
With this partnership company V1 Solutions will act as GrowGen’s sales and marketing partner for its proprietary product lines throughout the European Union. Additionally, the Company announced the distribution of its proprietary products in Costa Rica. This will make its products available to cultivators in Central America.
Hydrofarm Holdings Group, Inc.
Hydrofarm Holdings Group, Inc., together with its subsidiaries, manufactures and distributes hydroponics equipment and supplies for controlled environment agriculture (CEA) in the United States and Canada. Back on May 13th, the company announced its first quarter 2025 earnings. 
First Quarter Highlights vs. Prior Year Period
- Net sales decreased to $40.5 million compared to $54.2 million.
- Gross Profit and Adjusted Gross Profit(1) for first quarter 2025 of $6.9 million and $8.5 million, respectively.
- Gross Profit Margin decreased to 17.0% of net sales compared to 20.2%.
- Adjusted Gross Profit Margin(1) decreased to 21.0% of net sales compared to 23.4%.
- SG&A expense and Adjusted SG&A(1) expense decreased by (9.0)% and (11.0)%, respectively.
- Net loss increased to $14.4 million compared to $12.6 million.
- Adjusted EBITDA(1) of $(2.4) million compared to $0.3 million.
- Cash used in operating activities and Free Cash Flow(1) were $(11.8) million and $(12.0) million, respectively.
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The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, together with its subsidiaries, engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. 
During the first week of June announced that it had reaffirmed its full fiscal year 2025 guidance. The Company is providing the guidance update through the first two months of its fiscal third quarter. Which they did before its recent presentation at the William Blair Annual Growth Stock Conference.
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Detailed Outlook for Fiscal Year 2025
- U.S. Consumer net sales low single-digit growth
- Non-GAAP adjusted gross margin of approximately 30 percent
- Non-GAAP adjusted EBITDA of $570 million to $590 million
- Free cash flow of approximately $250 million
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