Best Cannabis Stocks In 2024 Mid March

Are These Marijuana Stocks To Buy In 2024?

Marijuana stock investors are keeping hopes high that this week will be good trading. In recent market action, there has been an increase in speculation that has led to more momentum. Right now is a crucial time for the legal cannabis industry mainly dealing with regulations and reform. Many cannabis businesses are reaching large revenue points in the billions. Many feel when there is set in stone federal reform it will only increase profits and trading.

Historically when positive news on cannabis politics has resulted in rises in trading. This excited many especially those who are advocates for legal cannabis as well as those invested in the industry. The legal cannabis industry happens in several ways. For example, there are dispensaries and other cannabis-related operators that have invested and built businesses. From this another part of the sector was born and that is going public and being able to trade in the stock market.

Now this is where finding marijuana stocks to buy happens in large volume. The reason is most shares are under 5$ and it’s the easiest way to invest without large startup costs. 2024 is still just as good a time as any to find a way to invest in the best pot stocks. Take your time to build a game plan and do your research about companies and the sector. The more you know the better your odds of taking better profits. The companies below are some marijuana stocks to watch right now in the stock market.

Top Marijuana Stocks For You

  1. Jushi Holdings Inc. (OTC:JUSHF)
  2. Planet 13 Holdings Inc. (OTC:PLNH)
  3. GrowGeneration Corp. (OTC:GRWG)

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. Jushi pot stocks

In recent news the company on March 13th the company reported its Q4 and full 2023 financial results.

Highlights And Key Mentions Q4 2023

  • Total revenue of $67.8 million
  • Gross profit of $27.2 million, an increase of 24.0% year-over-year
  • Net loss of $18.0 million
  • Adjusted EBITDA1 of $11.3 million, an improvement of $5.3 million year-over-year
  • Adjusted EBITDA1 margin of 16.7%
  • Cash, cash equivalents, and restricted cash were $31.3 million
  • Net cash flows provided by operations of $4.5 million

Planet 13 Holdings Inc.

Planet 13 Holdings Inc., together with its subsidiaries, cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. In recent news, Planey 13 Holdings has reported its Q4 2023 financial results. planet13

Fourth Quarter 2023 Highlights

  • Q4 2023 Revenue of $23.0 million
  • Q4 2023 Net loss of $14.3 million, which included a non-cash impairment loss of $7.2 million
  • Q4 2023 Adjusted EBITDA of $1.3 million

GrowGeneration Corp.

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. GRWG

Mid March the company released its full-year 2023 earnings as well as its Q1 and full 2024 guidance.

[Read More] Cannabis Investing Mid-March 3 Marijuana Stocks To Watch

Fourth Quarter 2023 Highlights Compared to Prior Year

  • Net revenues decreased approximately 9% to $49.5 million, and same-store sales decreased 3.6%
  • Gross profit increased to $11.6 million, or 23.5% of net revenues, from $9.6 million, or 17.6% of net revenues
  • Net loss of $27.3 million, or $(0.44) per diluted share, compared to a net loss of $15.0 million, or $(0.25) per diluted share, primarily due to non-cash impairment
  • Adjusted EBITDA(1) loss of $3.7 million, compared to a loss of $10.2 million

[Read More] From Seed to Profit: The Top Cannabis Penny Stocks to Watch

Full Year 2023 Highlights Compared to Prior Year

  • Net revenues decreased approximately 18.8% to $225.9 million, beating the Company’s previous guidance
  • Gross profit decreased to $61.3 million, or 27.1% of net revenues, from $70.3 million, or 25.3% of net revenues
  • Net loss of $46.5 million, or $(0.76) per diluted share, compared to a net loss of $163.7 million, or $(2.69) per diluted share
  • Adjusted EBITDA(1) loss of $5.6 million, compared to earnings of $16.7 million

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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