Ready For These Marijuana Stocks To Run?
So far the start of 2024 has been a momentum builder for marijuana stocks. Much of which is built off of speculation of what will take place in the future. From 2018 to 2024 the demand for cannabis has grown in various ways. For instance, people want to consume the latest and greatest cannabis. So this puts companies in place to produce better and higher quality products to sell at a premium.
You also have the CBD market where more people who are into health and fitness find a need for it. Also, there is the ancillary side to the cannabis industry that helps businesses stay in working order. All of what has been mentioned above are areas that have grown in many ways and provide more value to the sector in its entirety. So this success and it is an election year this much to look forward to will only lead to more progress.
Now if this success and growth transform into better market momentum it can be great for shareholders. Most cannabis is volatile due to a lack of better reform and industry regulations. Nevertheless, this will be solved at some point down the line as some politicians are actively working to make it happen. If you are interested in finding the best marijuana stocks to buy the best starting point is learning all you can about the sector.
Top Marijuana Stocks For Your 2024 Watchlist
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. In recent news, the company will report its fourth-quarter and full-year 2023 financial results on February 29th, 2024.
A conference call and webcast with analysts and investors is scheduled for February 29, 2024, at 8:30 a.m. ET / 7:30 a.m. CT to discuss the results and answer investor and participant questions.
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.
On January 10th the company announced the opening of relocated dispensary in Mount Pocono Pennsylvania. This was done through its subsidiary, Franklin Bioscience-NE LLC.
Words From The Company
“Centrally located in Monroe County, our newly relocated storefront in beautiful Mount Pocono demonstrates our commitment to providing better access for patients and caregivers,” said Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc.”
[Read More] 3 Marijuana Stocks To Buy Mid-January 2024
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. On November 15th the company reported their Q3 2023 financial results.
Q3 2023 Highlights
- Third quarter revenue of $191 million, with retail growth and strong performance in core markets helping to offset purposeful attrition from divested assets.
- In comparison to Q1, when the Company initiated the Year-of-the-Core strategy, adjusted gross margin1 increased by over 480 bps, adjusted SG&A1 decreased by
- $40 million on an annualized basis and adjusted EBITDA margin1 rose by over 1000 bps.
- Generated $62 million in operating cash flow through the first nine months of the year.
- Gross profit of $94 million, 49% of revenue.
- Adjusted gross profit1 of $96 million and adjusted gross margin1 of 51%, up 373 bps from the second quarter.
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