3 Marijuana Stocks To Watch Today In The Market In October
Investors are keen to see who will be the top cannabis company to show record earnings. Or at the very least increased amounts of revenue or business ventures that can yield those results. Still, many feel the cannabis sector is one for those who want to be a part of an emerging space. Most investors see this and are looking for top marijuana stocks to buy for future gains. It is safe to say the industry is going through another moment of turmoil and growth.
The growth comes from legal operators expanding operations and various partnerships. Now the pain of it all is there still needs to be federal reform set in place along with many other regulatory concerns. The future is where most see big profits and safer gains being made. Now with how volatile the space can be, there are days when marijuana stocks can see a significant bounce.
Especially in times like now where cannabis politics are fueling volatile trading. It is always smart to do your due diligence and create a game plan that can help build a strong portfolio. Right now with how unpredictable the sector is, it’s best to diversify your portfolio with different kinds of cannabis stocks. Below are several marijuana stocks to watch for better trading in the stock market.
Top Marijuana Stocks to Watch in 2024
- Acreage Holdings, Inc. (OTC:ACRHF)
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
- Trulieve Cannabis Corp.(OTC:TCNNF)
Acreage Holdings, Inc.
Acreage Holdings, Inc. operates in the cannabis industry in the United States. It cultivates and processes cannabis plants; manufactures branded consumer products; distributes cannabis flower and manufactured products; and retails dosable cannabis products to consumers.
Back on September 13th, the company announced it had entered into an amended and restated credit agreement. The company entered into an amended and restated credit agreement with a subsidiary of Canopy Growth Corporation. As well as a and a third-party lender.
Words From The Company
“This capital infusion will facilitate the expansion of our retail footprint and strengthen our presence in our core markets,” said Dennis Curran, Chair and Chief Executive Officer of Acreage.”
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. During the 2nd week of September, the company announced its expanding retail presence with its 5th dispensary in Pennsylvania.
This expansion marks Ascend’s 39th location across its seven-state footprint and underscores the Company’s dedication to serving the growing medical market in Pennsylvania.
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Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery.
In recent news, the company continues to show its growth with new locations opening up. The company is preparing to open a medical cannabis dispensary in Hallandale Beach FL.
Words From The CEO
“We are proud to expand access to cannabis in Broward County by opening this new dispensary,” said Trulieve’s Chief Executive Officer Kim Rivers. “Our knowledgeable staff is committed to serving patients and caregivers with affordable, high-quality products and elite customer service.”
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