Marijuana Stocks To Watch This Wednesday
Marijuana stock investors are remaining patient as they can for better days of trading. Yes in March there have been some moments where the sector has gone green. But due to how unpredictable the sector is and the lack of regulations it creates big volatile days. Still, with much to be seen and done, there is more growth to take place for the cannabis industry. More companies are preparing to report earnings some have already.
That has also led to small moments of upward trading yet the consistency to keep the trading up is still not there as it once was. Nevertheless, when there is some pullback it’s a good time to find the best marijuana stocks to buy. Especially at the lower entry levels the drop to which is good preparation for future trading. At one point the way most people would trade cannabis stocks was short-term.
Now due to the change in the sector, it has turned to buy-and-hold games even with some taking adapting to the volatile trading. So if you are looking to get into cannabis investing now is as good of a time as any to consider pot stocks as an investment. Just make sure you do your research and learn all you can about the potential companies you feel are worth it. Below are a few marijuana stocks to watch for the rest of the month.
Top Marijuana Stocks To Watch 2023
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. In recent news, the company reported its fourth quarter and full-year earnings.
[Read More] 3 Marijuana Stocks To Watch For The Rest Of The Month
- Revenue of $259 million increased 6% year-over-year and decreased 1% sequentially.
- Cash flow from operations of $70 million.
- Cash at quarter end totaled $178 million.
- GAAP net loss of ($51 million) or ($0.22) per basic and diluted share.
2022 Year Highlights
- Revenue of $1 billion increased 14% over the prior year.
- Cash flow from operations of $159 million.
- GAAP net income of $12 million or $0.05 per basic and diluted share.
- Adjusted net income of $75 million or adjusted basic and diluted earnings per share of $0.32, excluding non-cash impairment charges recognized in the fourth quarter.
- Adjusted Operating EBITDA of $311 million or 31% of revenue.
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Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida.
As well as through home delivery. Recently the company announced the opening of a medical marijuana dispensary in Palatka, FL.
Words From The Company
“Trulieve is proud to expand access to medical cannabis in Florida by opening a new dispensary in Palatka,” said Trulieve’s Chief Executive Officer Kim Rivers. “We’re committed to being active in the communities we serve, as well as providing high-quality cannabis and exceptional customer experiences to our patients.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org