Here Are Some Top Marijuana Stocks For Investors Today
People who have been investing in marijuana stocks could soon a big change. Now this change is more from an industry standpoint which can in turn help how marijuana stocks trade. As most publicly traded companies news about the sector or individual company can impact trading. Marijuana stocks are no different in fact they can have a greater impact due to how volatile the sector can be. Nonetheless, it is yet to stop others from looking for the best marijuana stocks to buy.
Even with no federal reform in place more than half of the United States has legalized cannabis in some form. In addition to other areas around the globe. The exponential growth and increase in consumer demand only make things better in the long run. Right now the cannabis industry is still facing many hurdles surrounding politics and the quality of all legal cannabis products.
While this progress is occurring it has yet to fully transcend into better trading for most marijuana stocks. Depending on how important the news is and if it’s positive or negative, it can also be a means to see marijuana stocks rise or fall. Still, there is more to be seen and done as trading continues. If you are looking for marijuana stocks to watch there are several companies below for you to know about. Just make sure you do your research before you invest and have a trading plan as well. The more you are prepared the better odds at seeing potentially strong profits.
Top Marijuana Stocks For You
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
- Organigram Holdings Inc.(NASDAQ:OGI)
Canopy Growth Corporation
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. In recent news, the company announced it is celebrating the passing of Germany legalizing cannabis. In addition to advancing a clear victory for enhanced medical cannabis access. 
As of April 1, 2024, cannabis will officially be recognized as a non-narcotic in Germany. This marks a monumental shift in the legal treatment and cultural acceptance of cannabis. This landmark decision will enable adult German consumers to consume cannabis legally and without fear of prosecution.
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Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production, and marketing of cannabis products in Canada, Israel, and Germany. 
In recent company updates Cronos attended the 36th annual Roth Conference which took place back on March 18th, 2024. As well the company reported its 2023 Q4 and full-year results back on February 29th.
Q4 2023 Highlights
- Net revenue of $23.9 million in Q4 2023 increased by $1.9 million from Q4 2022.
- Gross profit of $1.9 million in Q4 2023 increased by $0.7 million from Q4 2022.
- Adjusted EBITDA of $(14.8) million in Q4 2023 improved by $4.2 million from Q4 2022.
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Organigram Holdings Inc.
Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada.
In recent news, the company reported Q1 2024 earnings.
Q1 2024 Financial Highlights
- $124.6 million strategic investment from BAT
- Achieved positive Adjusted EBITDA1 and positive cash flow from operations of $7.7 million
- Improved sequential quarter-over-quarter adjusted gross margin2 from 17% in Q4 Fiscal 2023 to 31% in Q1 Fiscal 2024
- Maintained #2 market position in Canada for the last 5 consecutive months as of the end of Q1 Fiscal 20243
- Held the #1 position in milled flower, the #1 position in concentrates, the #2 position in edibles, and the #3 position in pre-rolls3
- Reintroduced Edison JOLTS to the market, achieving the #2 brand position in the capsules and ingestible extracts category in December 20233
- Launched 22 SKUs in the quarter
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