Cannabis Investing 2024: These Marijuana Stocks Could Produce The Gains You Need
Marijuana stock investors are seeing the future of cannabis and investing transforming. What does this mean exactly? So from earlier on in the green rush most marijuana stocks traded as if they were never coming down. The excitement of publicly traded cannabis companies being traded on the open market was incredible. Even when slight drops would occur they were often followed by strong recoveries. Now this was back in 2018, and 2019.
Unfortunately, things have drastically changed for the sector and marijuana stocks overall. The excitement began to dim and volatility began to rise. This was back in 2020 and then the pandemic occurred along with other industry concerns. Yet some stayed in their position and still see a future with legal cannabis. Currently, the volatility is present but there has been a turnaround in trading from that time. More than half of the United States legalized cannabis in some way.
Which has led to more interest in finding ways to invest. This is where most find that looking for the best marijuana stocks to buy could be profitable. Cannabis is a growing and progressing industry and there is more to be seen and done. Especially with continued efforts to pass federal reform and establish cannabis banking. The speculation of what is to come has more investors focused on the sector and the top marijuana stocks to watch in it.
Top Marijuana Stocks To Watch Now
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Canopy Growth Corporation (NASDAQ:CGC)
- Village Farms International, Inc (NASDAQ:VFF)
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. On April 9th the company reported its Q3 fiscal 2024 results. 
Highlights And Key Mentions
- Net revenue of $188.3 million increased ~30% in the third quarter compared to $145.6 million in the prior year quarter.
- Gross profit was $49.4 million, while adjusted gross profit increased 17% to $51.6 million in the third quarter.
- Cannabis net revenue increased 33% to $63.4 million in the third quarter compared to $47.5 million in the prior year quarter.
- Cannabis gross profit increased to $20.9 million in the third quarter from $(32.8) million in the prior year quarter.
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. 
At the start of April, the company announced Institutional Shareholder Services in its report issued on Canopy Growth’s special meeting of shareholders. So shareholders of Canopy Growth Corporation vote in favor of the previously announced special resolution Which authorizes an amendment to the Company’s articles of incorporation.
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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. In recent news, the company posted eight consecutive months of national share growth.
This makes the company the fastest-growing producer among the top five licensed producers in Canada. According to provincial data, the Company has also regained the #1 licensed producer position in Ontario, Canada’s largest provincial market, for the first time since 2022.
[Read More] April’s High Performers: Top U.S. Marijuana Stocks to Watch
Words From The Company
“Our dedicated focus on developing a winning strategy rooted in high-quality flower has allowed us to continue to grow organic market share from a position of strength,” said Michael A. Degiglio, President & CEO of Village Farms International.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
