Investing In Marijuana Stocks Could Make You Money?
The cannabis sector is still facing a fair amount of up-and-down trading without any sustainable momentum. Overall a lack of consistent momentum is an issue for marijuana stocks. It has been a long time since most marijuana stocks have seen consistent trading like once before. Now with a higher level of unpredictable trading people are trying to capitalize on any upside they can. What this means is any time there is a rise in trading most people look to take profits when they can.
Some are holding their positions and waiting to till their plays reach a level worth cashing in on. Plus with this volatile action, people are also watching for top marijuana stocks to buy on each pullback. Much of the cannabis sector is not like others due to its lack of sustainability. Nevertheless, the cannabis industry is still evolving every day and there is much to be done. With every new advancement comes the possibility of a new opportunity for cannabis investors.
Especially no federal reform set in place which gives more time to develop better laws and regulations. For people who are interested in investing in cannabis, it is always best to start with market research. Learn about the cannabis sector and the companies that are helping to shape the industry. The more due diligence that is done the more confidence you can have when it’s time to execute on investing. Below are several marijuana stocks to watch as the sector pushes forward.
Top Marijuana Stocks To Watch In 2023
- High Tide Inc. (NASDAQ:HITI)
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- Village Farms International, Inc. (NASDAQ:VFF)
High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company manufactures and distributes smoking accessories and cannabis lifestyle products. Plus wholesale and retailing of cannabis products. As well as operates and franchises licensed retail cannabis stores.
In recent news, the company presented at the Sequire Cannabis and Psychedelics investors conference back on April 5th. Also in recent news, the company claimed the top position in the Financial Times list of Fastest-Growing retailers in the Americas. The company was ranked 31st out of 500 companies across all categories.
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. Recently the company announced a strategic packaging partnership with A&A Global Imports d/b/a MarijuanaPackaging.com. 
Consistent with the partnership, MJ Pack will become Greenlane’s strategic partner to continue providing and enhancing packaging solutions. The partnership will also provide working capital to Greenlane and allow the Company to continue investing in its growing higher-margin consumer products business. This partnership allows Greenlane to complete a key warehouse consolidation. As well as continue cost-saving initiatives estimated to be over $3M annually.
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Village Farms International, Inc.
Village Farms International, Inc. together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America.
It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. Recently the company reported its fourth quarter 2022 financial results.
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Fourth Quarter 2022 Financial Highlights
- Consolidated sales were $69.5 million, a decrease of ($3.3 million), or (5%), from $72.8 million.
- Consolidated net loss was ($49.3 million), or ($0.54) per share, compared with a net income of $2.1 million, or $0.03 per share.
- Total Cannabis segment net sales decreased (2.0%) year-over-year to $33.2 million, representing 47.9% of total Village Farms sales; and,
- The total Cannabis segment adjusted EBITDA was $5.0 million compared with $6.2 million.
- Canadian Cannabis net sales increased 13.1% to $27.9 million (C$38.2 million) on a constant currency basis;
- Canadian Cannabis retail branded sales increased 25% year-over-year (fourth quarter), and 25% for the full 2022 year.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
