Best Cannabis Stocks For Your 2024 List Now

3 Marijuana Stocks For Better Trading In 2024

So far marijuana stocks have slowly been having more market momentum. Much of this can be due to several factors that may continue to help. With the 2024 year just starting the anticipation of what’s to come could be a reason. Sometimes when there is reason to believe something will help the sector trade people begin to buy and sell more. When people begin to buy and sell are a more consistent pace especially buying it drives the stock price up.

Since the start of 2024, there has been an increase in price fluctuation for some pot stocks. As cannabis is legal in most States and some global regions there is more work to be done. In the US alone states are generating over a billion dollars in revenue essentially every quarter. Any positive speculation has the power to increase trading momentum. Often if the catalyst is big enough it can help how the entire sector performs.

This intrigues many to find a way to get involved leading those to start looking for marijuana stocks to buy. Currently, people are preparing for what will take place in the future for legal cannabis. That is why many are taking advantage of volatile pullbacks. Eventually, a rise in trading will happen at hopefully people invest at a low entry point that could produce profitable returns. Below are several marijuana stocks to watch this week for better trading in 2024.

Top Marijuana Stocks To Watch 2024

  1. Jushi Holdings Inc. (OTC:JUSHF)
  2. Curaleaf Holdings, Inc. (OTC:CURLF)
  3. Flora Growth Corp. (NASDAQ:FLGC)

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. Jushi pot stocks

In recent news, the company announced the opening of its relocated Beyond Hello™ Hazleton dispensary in Pennsylvania.

Words From The CEO

“Centrally located in Monroe County, our newly relocated storefront in beautiful Mount Pocono demonstrates our commitment to providing better access for patients and caregivers,” said Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc.”

[Read More] Best Ancillary Cannabis Stocks in 2024

Curaleaf Holdings, Inc.

Curaleaf Holdings, Inc. Inc. operates a cannabis operator in the United States. It operates through Domestic Operations and International Operations segments. The company engages in the cultivation, production, and sale of cannabis products through retail and wholesale channels. marijuana stocks to watch Curaleaf Holdings (CURLF) (CURA)

Recently the company announced the expansion of its Zero Proof brand portfolio. This was done with the launch of Stir, a fast-acting THC beverage mix. Stir by Zero Proof is now available at all Curaleaf locations in Illinois, and is sold wholesale to dispensaries across the state.

Words From The Company

“Curaleaf is committed to delivering innovative, high-quality cannabis products in a variety of form factors to serve the needs of our patients and customers at all stages of their cannabis journeys,” said Matt Darin, CEO of Curaleaf.

[Read More] Top U.S. Marijuana Stocks to Watch in Mid-January 2024

Flora Growth Corp.

Flora Growth Corp. together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide. FLGC

On November 8th the company reported a record Q3 2023. This was accomplished with a Net income of $1.1 million and EBITDA of $0.9 million.

Financial and Operating Highlights for the Quarter

  • Net income of $1.1 million compared to a net loss of $7.4 million in the comparable quarter.
  • Total operating expenses of $5.5 million, compared to $9.1 million in the comparable quarter, a decrease of 40% year-over-year.
  • EBITDA of $0.9 million compared to an EBITDA loss of $6.1 million in the comparable quarter.
  • Positive cash from operating activities of $0.5 million compared to negative cash used in operating activities of $4.0 million in the comparable quarter.
  • Flora generated $17.3 million in revenue, a 78% increase year-over-year.
  • Gross profit increased 6% year-over-year, to $4.9 million.

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