Top Marijuana Stocks To Watch 2nd Week Of December 2023

The Best Marijuana Stocks Of 2023?

Marijuana stock investors are working on creating better trading strategies for 2024. Right now the level of volatile trading has people waiting to buy and waiting to sell. Now I know that sounds a bit cliche seeing how buying and selling is how the stock market operates. But with the current volatility, it can be tough to take profits with how long it takes to see a recovery. That is why some people who are invested in legal cannabis are trying to find a way out.

All the while more people are looking for ways to get involved. Many feel there is another green rush on the way. Cannabis stocks have seen better days of trading and certainly more stable momentum. But with how low the trading has become many have leaped at the chance to find the best marijuana stocks to buy. The cannabis industry in the USA is still growing as it is still a developing market.

With more progress and industry innovation comes the possibility of future investment opportunities. Many are preparing for 2024 and what is to come from marijuana stocks. More companies have been hard at work to bring new products to consumers. Hopefully, with even more success in legal cannabis, it will reflect in trading as well. The companies mentioned below are some marijuana stocks to watch this week.

Top Marijuana Stocks To Watch

  1. Innovative Industrial Properties, Inc. (NYSE:IIPR)
  2. NewLake Capital Partners, Inc. (OTC:NLCP)
  3. AFC Gamma, Inc. (NASDAQ:AFCG)

Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators. iipr
Which is for their regulated cannabis facilities. In recent news, the company reported its Q3 2023 financial results.

Financial Results

  • Generated total revenues of approximately $77.8 million in the quarter, representing a 10% increase from the prior year’s quarter.
  • Recorded net income attributable to common stockholders of approximately $41.3 million for the quarter, or $1.45 per share (all per-share amounts in this press release are reported on a diluted basis unless otherwise noted).
  • Recorded adjusted funds from operations (AFFO) of approximately $64.8 million, or $2.29 per share, increases of 7.8% and 7.5% from the prior year’s quarter, respectively.

[Read More] Will Florida Cannabis Legalization Help Marijuana Stocks?

NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects.

Back in November, the company announced that Hero Diversified Associates, Inc. (“HDAI”) has sold, Calypso Enterprises. Which is a NewLaNLCP LOGOke tenant, to Canvas Acquisition Corporation, LLC.

Words From The Company

“Interest during Calypso’s sale process demonstrates the quality of the facility and the business opportunity in limited license states, particularly Pennsylvania where adult use is on the horizon. Canvas will bring brands, products, and relationships to the Pennsylvania market, significantly improving the competitiveness of our tenant,” stated Anthony Coniglio, NewLake’s President and Chief Executive Officer.

[Read More] 3 Marijuana Stocks To Kick Off The First Week Of Trading In December

AFC Gamma, Inc.

AFC Gamma, Inc. originates, structures, underwrites and invests in senior secured loans. As well as other types of loans and debt securities for established companies operating in the cannabis industry. AFCG Stock

Mainly in states that have legalized medical and/or adult-use cannabis. On November 8th the company announced its financial results for the third quarter of 2023.

Q3 2023 Highlights And Keymentions

  • Third quarter GAAP net income of $8.0 million or $0.39 per basic weighted average common share and Distributable Earnings(1) of $9.9 million
  • Declared dividend of $0.48 per common share for third quarter 2023
  • Appointment of Daniel Neville as Chief Executive Officer

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 |
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