Top Marijuana Stocks For Investors 2024
Investors are working on various strategies to see returns from their marijuana stock investments. As most who are active in the sector can see the upward momentum is not consistent. Much of the way cannabis stocks perform is based on volatility and other catalysts. For example, when there is news important enough to interest traders it often leads to a rise in trading. Still with a lot going on throughout the cannabis sector where is one to start when developing a trading plan?
To begin it is always best to learn about the cannabis companies that interest you. It is always best to find out about past and current business and financials. You also want to see how the company trades and see if you can identify any patterns. The more info you have the better your odds of making better investment choices when looking for marijuana stocks to buy.
After you have done your due diligence you can begin testing different trading styles and from this, it will help build a game plan. Now before you do begin to trade you should set rules for yourself. Let’s say you have a certain amount of money to invest do not go over that amount. Also, set a stop loss so you know when to get out of your position to minimize as much risk and loss as possible. Below are some top marijuana stocks to watch that could be fit for you and your 2024 portfolio.
Top Marijuana Stocks Today 2024
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Aurora Cannabis Inc.(NASDAQ:ACB)
- Organigram Holdings Inc.(NASDAQ:OGI)
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. In recent news, the company has a partnership with the Natural Selection Tour. 
This is known to be the premier all-mountain snowboarding competition founded by snowboarding legend Travis Rice. As the Official Beer of the Natural Selection Tour, Pub Beer by 10 Barrel Brewing Co. is set to enhance the après snowboarding experience.
Words From The Company
“We’re thrilled to introduce Pub Beer as the Official Après Beer of Natural Selection Tour,” said 10 Barrel Brewing Marketing Director, Brian Hughes. “Our attitude at 10 Barrel is simple – Brew Beer. Drink Beer. Have fun doing it.”
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Aurora Cannabis Inc.
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. 
It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. On February 8th the company released its fiscal 2024 Q3 results.
Highlights And Key Mentions
- Total net revenue1 was $64.4 million, as compared to $61.1 million in the prior year period.
- Medical cannabis net revenue1 was $45.1 million, a 16% increase from the prior year quarter
- Aurora’s consumer cannabis net revenue1 was $11.6 million, compared to $14.6 million in the prior year quarter.
- Adjusted EBITDA1 was $4.3 million for the three months ended December 31, 2023, as compared to $3.0 million in the prior year quarter.
Organigram Holdings Inc.
Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. 
In recent news, the company reported Q1 2024 earnings.
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Q1 2024 Financial Highlights
- $124.6 million strategic investment from BAT
- Achieved positive Adjusted EBITDA1 and positive cash flow from operations of $7.7 million
- Improved sequential quarter-over-quarter adjusted gross margin2 from 17% in Q4 Fiscal 2023 to 31% in Q1 Fiscal 2024
- Maintained #2 market position in Canada for the last 5 consecutive months as of the end of Q1 Fiscal 20243
- Held the #1 position in milled flower, the #1 position in concentrates, the #2 position in edibles, and the #3 position in pre-rolls3
- Reintroduced Edison JOLTS to the market, achieving the #2 brand position in the capsules and ingestible extracts category in December 20233
- Launched 22 SKUs in the quarter
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