Marijuana Stocks For Better Trading In 2024
Marijuana stock investors are prepping for another long year. During 2023 the trading that occurred was still volatile and there was not much change. Yet the cannabis industry as a whole continued to grow and blossom. In 2023 we saw multiple companies join forces to create strategic partnerships. This was done to create better products for people in the industry to enjoy. Right now many marijuana stocks are still lacking moment making it difficult to make profits.
Yet if you are looking for marijuana stocks to buy before 2024 begins now is the time. Many feel that during 2024 there will be some strong recoveries. What 2023 has shown the most is how to invest and make money in a volatile sector. It has been a buy-and-hold game for investors and profits only come when there is a catalyst that allows them to do so. For years now the biggest market moves have been progressive news on federal reform and earnings. As well as news regarding partnerships or buyouts.
If the news is impactful enough it will move the sector either up or down. But with more to be done in the cannabis industry comes the possibility of seeing more investment opportunities. Just make sure you do your research and establish a trading plan that works for you. Below are some marijuana stocks to watch for better trading today
Top Marijuana Stocks To Watch Now
- Jushi Holdings Inc. (OTC:JUSHF)
- TerrAscend Corp. (OTC:TSNDF)
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. Recently the company announced the filing of a preliminary base shelf prospectus. 
The Shelf Prospectus, when made final and effective, will allow the Company to offer up to C$600 million of subordinate voting shares, preferred shares. As well as subscription receipts, debt securities, convertible securities, warrants, and units. Plus any combination thereof, from time to time during the 25-month period that the Shelf Prospectus is effective.
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. 
The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. Recently the company has reported its Q3 2023 financial earnings.
[Read More] 3 Canadian Marijuana Stocks To Watch Today
Q3 2023 Results And Highlights
- Net Revenue was $89.2 million, compared to $72.1 million in Q2 2023 and $66.2 million in Q3 2022, representing an increase of 23.7% sequentially and 34.7% year-over-year.
- Gross Profit Margin was 53.6%, compared to 50.2% in Q2 2023 and 47.0% in Q3 2022.
- GAAP Net loss from continuing operations was $8.4 million, compared to $12.9 million in Q2 2023 and $300.6 million in Q3 2022.
- EBITDA from continuing operations1 was $20.7 million, compared to $6.5 million in Q2 2023 and ($317.9) million in Q3 2022.
- Adjusted EBITDA from continuing operations1 was $24.2 million, compared to $12.8 million in Q2 2023 and $12.8 million in Q3 2022.
- Adjusted EBITDA Margin from continuing operations1 was 27.1%, compared to 17.8% in Q2 2023 and 19.3% in Q3 2022.
- Net cash provided by operating activities – continuing operations was $9.4 million compared to $1.8 million in Q2 2023 and $2.3 million in Q3 2022.
- Free cash flow from continuing operations2 was $7.7 million compared to ($0.2) million in Q2 2023 and ($9.5) million in Q3 2022.
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. 
On December 6th the company announced the opening of yet another dispensary in Ohio. The dispensary will be Ascend’s third in the state of Ohio and 33rd across its seven-state footprint.
[Read More] 3 Marijuana Stocks To Buy Mid-December
Words From The CEO
John Hartmann, Chief Executive Officer at Ascend Wellness Holdings, expressed his enthusiasm for this expansion: “With the opening of the Sandusky location, we are thrilled to expand access to high-quality cannabis for patients in the Buckeye State. We are grateful for our partnership with the community and the opportunity to foster better living through cannabis.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
