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Did Marijuana Stocks Just Rally Today? 2 That Saw Gains In The Market

Could April Have Upward Momentum For Top Pot Stocks In 2021?

Gains For Top Cannabis Stocks To Finish March

On the last day of March, most top marijuana stocks are showing some upward momentum in the market. After a painful month of delivering strong earnings for full-year 2020 reporting and taking substantial losses in the market, March is coming to end. But will the cannabis center continue taking losses or will we see a turnaround in market value? At the present time, many analysts believe the cannabis industry is about to go through a substantial growth period.

Along with strong 2020 financials, most US cannabis companies are reporting large increases in revenue for their 2021 guidance. With March dealing heavy blows to the cannabis sector as far as market value is concerned many leading marijuana stocks could produce gains in the future. As it stands investing in cannabis stocks has provided strong market gains for many investors in 2021. One thing for investors to understand about the cannabis sector is that it’s known for extreme market volatility.

This could be cause for concern for people looking for long-term investments but also assists day traders and swing traders with short-term price fluctuations. Recent market trends it has placed some of the best marijuana stocks to buy at price points that analysts say could have substantial upside. As April begins there could be a rebound for top pot stocks in the near future. With continued legalization in the US in other parts of the world, the cannabis market could have substantial growth potential for the next five years.

Finding the Top Pot Stocks For Potential Gains

In some instances, finding the best marijuana stocks to buy for April 2021 could be difficult with so many different choices. As an investor researching the company’s financials and doing your own due diligence is key to making good investments. At the present time, marijuana stocks present an opportunity to invest in one of the fastest-growing markets in the world.

For the purpose of finding some of the best marijuana stocks to invest in, we can begin to research a few companies. In reality, these companies have established a strong presence in the cannabis market and could see substantial revenue growth in the future. With this in mind let’s take a look at 2 marijuana stocks to invest in that could rebound in April.

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Marijuana Stocks To Watch:

Jushi Holdings Inc. (OTC: JUSHF)

Columbia Care Inc. (OTC: CCHWF)

Jushi Holdings Inc.

Jushi Holdings Inc. is a vertically integrated cannabis company led by a management team that’s focused on building a multi-state portfolio or branding cannabis derivative assets. currently, the company does this through acquisitions and is competitive with delivering high-quality products across all levels of the cannabis market. Currently, Jushi operates 17 retail locations across the country. In detail, the company’s retail brand Beyond/ Hello is a major part of that presence along with other operations through its subsidiaries. At the present time, the company has 11 locations focused on Pennsylvania where it’s strategically expanding its footprint in the state.

Additionally, the company has been expanding its footprint in California as well. In January Jushi entered into a long-term lease agreement for three new locations. This will be an addition to the companies Santa Barbara store which opened in October of 2020. The company is expected to release its fourth quarter and full-year 2020 financial results on April 29th before the market opens. Judging from his third-quarter report the company is expecting revenue of $28 to $30 million for the fourth quarter of 2020. Also, important Jushi has given 2021 revenue guidance of $205 million to $255 million.

JUSHF stock is up 7.47% at $6.15 on March 31st in the final hour of trading. With a high in February of $9.06, JUSHF has lost significant value in March. According to analysts at Stock Invest, JUSHF stock could rise 10.29% during the next three months. JUSHF stock has fallen 22.12% in the last 10 days and volume has increased on his falling price. With this in mind, JUSHF stock could be primed for a rebound in April.

[Read More] Have You Heard Of These Marijuana Stocks? Watchlist Additions For April 2021

Columbia Care Inc.

Columbia Care Inc. is currently one of the largest cannabis companies in the US market. At the present time, Columbia care holds licenses in 17 U.S. states and operates 107 facilities. To elaborate this, include 80 dispensaries and 27 cultivation and manufacturing sites. As one of the first original providers of medical cannabis in the US Columbia Care is a godfather to the industry. In March Columbia Care reported fourth-quarter and full-year 2020 results this all-record revenue. In detail, the company saw combined Q4 revenue of $81.8 million up 51% quarter over quarter. Also, the company’s full-year 2020 combined revenue was $197.9 million an increase of 151% from 2019.

With these earnings, Columbia care has outperformed its 2020 full-year outlook and continues to grow in 2021. Also, important the company has reaffirmed is 2021 combined revenue and profitability guidance. In general, this means it expects growth in the future. In 2020 the company expanded in California in Colorado 2 key growth markets in the cannabis market. For 2021 Columbia Care’s combined revenue pro forma guidance is $500 million-$530 million.

CCHWF stock is down 10.74% year to date with a high of $7.89 in February. Currently up 19.07% on March 31st the stock is heading into the close at $6.43 per share. According to analysts at Tip Ranks CCHWF stock has a 12-month average price target of $10.35. In essence, this would be a 59.48% increase from his current price level. For this reason, CCHWF stock is a top US marijuana stock to add to your watchlist for April 2021.

[Read More] Are These The Best Cannabis Stocks To Buy For April 2021?

By J. Samuel

Joe Samuel or (J. Samuel) is the head staff writer at MarijuanaStocks.com. J. Samuels is a Rochester, NY native who now resides in sunny and medically legal Miami, FL. He has been with the MarijuanaStocks.com since day 1 & is an irreplaceable part of the Marijuana Stocks team!

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