Better Trading Is On The Way For These Marijuana Stocks
There is a lot of anticipation of what’s next to come for the cannabis industry. With 2024 on the way many are still searching for ways to enter the sector. As well we have current investors also looking for ways to make a profit. It seems almost repetitive at this point for those who are actively trading marijuana stocks to deal with increased volatility. However, this new year could be a major turning point for the sector.
Let us say 2024 is when federal cannabis reform finally passes. This alone has the power to increase investors’ confidence and potentially lower volatility. As most know the cannabis sector is unpredictable and the slightest catalyst can change things for better or worse. The plan for most has been to find marijuana stocks to buy and hold them and hope you can take profits from a quick recovery.
With companies working on more projects and business ventures, this could in turn help bring in consistent momentum. There is much going on in the sector that has the potential to create better trading for cannabis stocks. Still, it is always best to educate yourself and do as much research as possible. The more you know the better investment choices you can make. Below are some marijuana stocks to watch during the 2024 trading year.
Top Marijuana Stocks To Watch Now
- Jushi Holdings Inc. (OTC:JUSHF)
- Verano Holdings Corp. (OTC:VRNOF)
- Planet 13 Holdings Inc. (OTC:PLNH)
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. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. On November 23rd the company announced the filing of a preliminary base shelf prospectus.
The Shelf Prospectus, when made final and effective, will allow the Company to offer up to C$600 million of subordinate voting shares, preferred shares. In addition to subscription receipts, debt securities, convertible securities, warrants, and units or any combination thereof, from time to time during the 25 months that the Shelf Prospectus is effective.
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The Company intends to file the Final Shelf Prospectus to maintain financial flexibility, including responding to significant regulatory improvements and pursuing opportunistic acquisitions.
Verano Holdings Corp.
Verano Holdings Corp.Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis around the United States.
Back in November, the company announced the strategic repositioning of (the) Essence cannabis brand. Essence cannabis is an expansive collection of novel and timeless genetics harvested and cured for optimal taste, aroma, and experience.
Words From The CMO
“Embracing a brand identity and creative philosophy centered around bespoke graphic art enables us to build more meaningful connections with our consumers, providing value that’s incremental to that of the high-grade cannabis product inside of pack,” said David Spreckman, Verano Chief Marketing Officer.”
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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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