3 Canadian Marijuana Stocks To Buy In The Stock Market
When it comes to finding top marijuana stocks to buy which companies would you choose? Now when going through this process there are some things to consider. For the most part, investing in all things is based on the same basic outline which is buy low sell high do your research create a game plan be patient, and try to take profits when you can.
But things are a bit more diverse for cannabis investing. For most US-based legal operators in the market, many find these to be the best option for cannabis investing, Mainly due to all the success and continued progress. But there are other parts of the world with legal markets and strong public sectors as well. That would be the Canadian side of the cannabis industry.
For some time cannabis just like in the USA has been popular in Canada for a long while. Canada was the first G7 nation to legalize cannabis. Yet when it came time to pull the trigger on setting up regulations for legal operators it took more time than intended. This created a good amount of doubt and pullback for most Canadian marijuana stocks. However, in 2024 legal Canadian cannabis operators are not only seeing better finances but trading is slowly looking better since going legal.
Top Canadian Marijuana Stocks For Investors
- Aurora Cannabis Inc. (NASDAQ:ACB)
- Cronos Group Inc. (NASDAQ:CRON)
- Organigram Holdings Inc. (NASDAQ:OGI)
Aurora Cannabis Inc.
Aurora Cannabis Inc., together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis derivative products in Canada and internationally.
It operates through two segments, Canadian Cannabis and Plant Propagation. In early August the company announced the results of its 2024 annual general and special meeting.
Highlights And Key Mentions
- The appointment of Ernst & Young LLP as auditors of the Company for the ensuing year;
amendments to the Company’s RSU Plan, PSU Plan, DSU Plan and Share Option Plan; - The renewal of the Company’s Shareholder Rights Plan; and
a non-binding advisory resolution on the Company’s approach to executive compensation.
[Read More] Canadian Marijuana Stocks To Watch Today 2024
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 news, the company announced that live resin vapes and ice water hash pre-rolls are now available across Canada.
Words From The Company
“These new additions to our growing portfolio of Lord Jones® innovations demonstrate our commitment to delivering exceptional and truly differentiated products to the Canadian market,” said Mike Gorenstein, Chairman, President and CEO, Cronos.”
[Read More] 2 Marijuana Stocks To Buy For Potential Profits
Organigram Holdings Inc.
Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. On August 13th the company reported its Q3 fiscal 2024 results.
Fiscal 2024 Q4 Results
- Net revenue of $41.1 million increased 25% over the prior year period
- Adjusted EBITDA1 of $3.5 million versus $(2.9) million over the prior year period
- Established European foothold with a strategic investment in Sanity Group, a
- leading German cannabis company
- Completed landmark clinical study on FAST™ nanoemulsion technology showing faster onset, improved bioavailability of ingestible products
- Pro-forma cash position of $173 million2
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