Top Marijuana Stocks To Watch 3rd Week Of March
As most publicly traded companies marijuana stocks can be impacted by the slightest thing. Most publicly traded cannabis companies are volatile and for good reason. With no federal reform in place, it makes it tough for people to invest and trade at a better pace. There is a fear that with no federal reform passed, there is a potential risk of a sector-wide shutdown. Now this has been said many times over the last several years. But the cannabis industry is still growing and thriving in a major way.
This success has intrigued the more optimistic investors as cannabis stocks can come with their ups and downs. In all fairness, all sectors go through their volatile moments and hurdles. Still, pot stocks have been one the sectors where the up and down trading has led to changes in trading styles for some. Nevertheless, it is always wise to be on watch and do your daily due diligence if you are looking for marijuana stocks to buy.
The smallest piece of news has the ability to drastically dictate how the company will perform. Now the thing with pot stocks is that they are down as fast as they can rise. For instance, if news on a similar company is positive then off of speculation trading can change for the better with other companies as well. It is always best to stay prepared and up-to-date when investing in cannabis stocks.
Top Marijuana Stocks To Watch 2024
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- GrowGeneration Corp. (NASDAQ:GRWG)
- Planet 13 Holdings Inc. (OTC:PLNH)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. On November 27th the company announced the receipt of Nasdaq listing deficiency notice. The company is not currently in compliance with Nasdaq’s Listing Rules. This is due to Greenlane’s inability to timely file its Quarterly Report on Form 10-Q. 
The Notice does not immediately affect the listing or trading of the Company’s securities. According to Listing Rule 5250(c)(1), the Company was required to file the Form 10-Q by November 14, 2023. The Company previously reported its inability to file Form 10-Q by the Due Date on Form 12b-25, which the Company filed with the SEC on November 15, 2023. Currently, the Company is working diligently to complete the Form 10-Q and anticipates filing the Form 10-Q as soon as possible.
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GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. 
Mid March the company released its full-year 2023 earnings as well as its Q1 and full 2024 guidance.
Fourth Quarter 2023 Highlights
- Net revenues decreased approximately 9% to $49.5 million, and same-store sales decreased 3.6%
- Gross profit increased to $11.6 million, or 23.5% of net revenues, from $9.6 million, or 17.6% of net revenues
- Net loss of $27.3 million, or $(0.44) per diluted share, compared to a net loss of $15.0 million, or $(0.25) per diluted share, primarily due to non-cash impairment
- Adjusted EBITDA(1) loss of $3.7 million, compared to a loss of $10.2 million
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc., together with its subsidiaries, cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. In recent news, Planey 13 Holdings has reported its Q4 2023 financial results.
Q4 2023 Highlights And Key Mentions
- Revenues were $98.5 million as compared to $104.6 million, a decrease of 5.8%.
- Gross profit was $44.8 million or 45.5% as compared to $48.0 million or 45.9%.
- Total expenses were $105.9 million as compared to $96.7 million, an increase of 9.5%.
- Net loss of $73.6 million as compared to a net loss of $59.6 million.
- Adjusted EBITDA of $1.4 million as compared to Adjusted EBITDA loss of $7.5 million.
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