Marijuana Stocks For People Who Want To Enter The Green Rush
For marijuana stock investors, understanding and effectively navigating the sector’s volatility is crucial. One approach is to leverage volatility for strategic gains. Traders often use volatility as an opportunity to capitalize on short-term price movements. By carefully timing entry and exit points, investors can take advantage of price swings. Specifically buying low during periods of market downturn and selling high during upswings. Volatility can make looking for the best marijuana stocks to buy an easier process.
However, it’s important to approach this strategy with caution. Volatility can heighten risks, leading to possible losses if not handled correctly. Diversification is a good risk management strategy, taking up positions with different cannabis stocks and related sectors. Investors do this as a means to minimize the impact of adverse events affecting a specific stock or segment of the market. Furthermore, staying educated about industry developments, regulatory changes, and market trends is essential for investors.
Constant monitoring of the sector can help investors stay ahead of market shifts and make more strategic investment decisions. In conclusion, while cannabis stocks present opportunities for lucrative returns, their inherent volatility demands a disciplined and well-informed approach. By embracing volatility as a potential tool investors can handle the change for better long-term success. Below are several marijuana stocks to watch that could see a volatile recovery.
Top Marijuana Stocks For Your 2024 List
- The Cannabist Company Holdings Inc. (OTC:CBSTF)
- Planet 13 Holdings Inc. (OTC:PLNH)
- Cansortium Inc. (OTC:CNTMF)
The Cannabist Company Holdings Inc.
The Cannabist Company Holdings Inc. engages in the cultivation, manufacture, and provision of cannabis products and related services in the United States and internationally. 
Back in December, the company announced the expansion of its collaboration with edible company, ButACake. This new expansion is set to take part in New Jersey. Expansion into additional markets is slated for 2024 pending regulatory approval.
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, engaging in the cultivation, production, and distribution, of cannabis. As well as the marketing of cannabis and cannabis-infused products. Specifically for medical and retail cannabis markets in Nevada, the United States. 
In more recent news the company announced a new attraction the world famous Koolsville tattoo shop. This new opening will be inside the Las Vegas superstore.
Words From The CEO
“One of the strategic goals we laid out at the start of the year was to add attractions and increase utilization of the Las Vegas SuperStore footprint,” said Larry Scheffler, Co-CEO of Planet 13. “The addition of Koolsville helps offset our lease costs while adding yet another exciting partner who will drive additional traffic to our SuperStore. This expands our unique entertainment options, further enhancing the customer experience.”
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Cansortium Inc.
Cansortium Inc. through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company’s medical cannabis products are offered in oral drops, capsules, topicals, syringes. 
Plus dried flowers, pre-rolls, cartridges, and edibles under the Fluent brand name. In recent news, the company reported its Q3 2023 earnings on November 27th.
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Q3 2023 Financial Highlights
- Revenue increased 14% to $25.3 million compared to $22.1 million.
- Florida revenue increased 17% to $21.3 million compared to $18.2 million.
- Adjusted gross profit1 was $16.1 million or 63.9% of revenue, compared to $16.7 million or 75.5% of revenue.
- Adjusted EBITDA was $8.8 million compared to $11.7 million, with the decrease primarily driven by additional salaries and wages as well as lower average ticket per transaction. This was partially offset by the impact of increased customer transactions.
- Cash flow from operations for the three months ended September 30, 2023, was $7.1 million compared to $5.4 million in the prior year.
- On September 30, 2023, the Company had approximately $12.1 million of cash and cash equivalents and $60.3 million of total debt, with approximately 298 million shares outstanding.
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