Best Cannabis Stocks To Buy 3rd Week In December

Marijuana Stocks Could Soon See A Rise In Trading

The future of legal cannabis shows to heading down a successful path. For several years now there has been a large amount of growth in the cannabis industry. This evolution of legal cannabis has created profitable businesses as well as investment opportunities. However, when looking to invest in legal cannabis there are several ways to do it. Initially, the first way to invest is to find a way to either open a dispensary or grow depending on the state and regulations.

Oftentimes times you will need to be fully integrated where you are responsible for seed to sale. Yet there are ancillary companies that can take part in the industry without dealing directly with the plant. For instance, smoke shops and hydroponic stores offer products that connect with cannabis. The easier way to invest is in existing companies that trade on the open market. Since 2018 marijuana stocks have been the talk of the financial world. With cannabis becoming more of a legitimate industry people want to invest.

However, investing in startups is a grueling process that demands time money, and politics. That is why searching for top marijuana stocks to buy gives people access as investors. Now prior to investing it would be wise to learn about the sector and the different companies and how they trade. Once you have done your due diligence and feel confident in your research then you will take action with your investments. Below are several marijuana stocks to know about during 2024.

Top Marijuana Stocks For Your Watchlist

  1. Cresco Labs Inc. (OTC:CRLBF)
  2. Ayr Wellness Inc. (OTC:AYRWF)
  3. Green Thumb Industries Inc. (OTC:GTBIF)

Cresco Labs Inc.

Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. Cresco Labs

On November 15th the company reported their Q3 2023 financial results.

Q3 2023 Highlights

  • Third quarter revenue of $191 million, with retail growth and strong performance in core markets helping to offset purposeful attrition from divested assets.
  • In comparison to Q1, when the Company initiated the Year-of-the-Core strategy, adjusted gross margin1 increased by over 480 bps, adjusted SG&A1 decreased by
    $40 million on an annualized basis and adjusted EBITDA margin1 rose by over 1000 bps.
  • Generated $62 million in operating cash flow through the first nine months of the year.
  • Gross profit of $94 million, 49% of revenue.
  • Adjusted gross profit1 of $96 million and adjusted gross margin1 of 51%, up 373 bps from the second quarter.

Ayr Wellness Inc.

Ayr Wellness Inc. operates as a vertically integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names. AYRWF pot stock

Recently the company announced the opening of 2 new Florida Dispensaries. The opening of two Florida retail stores located in Leesburg and Fort Myers. The opening of these dispensaries expands AYR’s retail presence to 64 locations in Florida and 91 locations nationwide.

Words From The Company

“We remain committed to building strong relationships with our patients and the communities that we serve, and we are excited to bring that approach to Leesburg and Fort Myers via our two newest stores,” said Sevi Borrelli, SVP, General Manager, Florida at AYR.”

[Read More] Top Canadian Marijuana Stocks In The Stocks Market Today

Green Thumb Industries Inc.

Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. GTBIF

On December 13th the company announced it opened a RISE dispensary in Port Orange Florida. This makes for the Green Thumb Industries’ 90th retail location in the nation.

[Read More] Here Are 3 Marijuana Stocks You Should Know About 2024

Words From GTBIF President

“We are thrilled to expand our presence on the east coast of Florida with the opening of RISE Port Orange,” said Green Thumb President Anthony Georgiadis. “This store marks our first RISE location in Volusia County and the seventh new store we have opened in the Sunshine State this year. We look forward to welcoming more patients to the RISE experience and making a positive impact in the local community.”

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 |
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