Marijuana Stocks To Research In April
Investing in marijuana stocks refers to purchasing shares of publicly traded companies. These cannabis companies are involved in the production, distribution, or sale of marijuana products or some type of connection. With the legalization of marijuana in many countries, the cannabis industry has been growing rapidly, leading to an increase in people looking for ways to invest in cannabis. This has led to more people being interested in finding the best cannabis stocks to buy.
Before investing in marijuana stocks, it is important to understand the risks involved. The cannabis industry is still in its early stages and there is a lot of volatility and uncertainty associated with it. Furthermore, many cannabis companies operate and move at a different pace than others. For example, some companies offer different products and services.
As well not all cannabis companies are as profitable as others. Therefore, it is important to do thorough research before investing in any particular marijuana stock. When investing in pot stocks, it is also important to consider the regulatory conditions in the countries where the company operates. Many countries have different regulations and laws regarding the use and sale of marijuana, which can impact the company’s performance.
People can purchase marijuana stocks through online brokerage accounts or traditional brokerage firms. It is important to keep in mind that investing in any stock involves risk and investors should only invest what they can afford to lose. It is also important to diversify one’s portfolio and not put all of their money into one particular stock or sector. The companies below are a few marijuana stocks to watch this week.
Marijuana Stocks To Watch 2023
- GrowGeneration Corp. (NASDAQ:GRWG)
- The Scotts Miracle-Gro Company (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. 
Back on March 15th, the company reported its Q4 and full-year 2022 financials. As well as providing its Q1 and full 2023 guidance.
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Fourth Quarter 2022 Highlights
- Net revenues decreased by approximately 40% to $54.5 million and same-store sales decreased 51.9%
- Gross profit decreased to $9.6 million, or 17.6% of net revenues, from $23.1 million, or 25.5% of net revenues.
- Net loss was $15.0 million, or $(0.25) per diluted share, compared to a net loss of $4.1 million, or $(0.07) per diluted share
- Adjusted EBITDA(1) was a loss of $10.2 million, compared to a loss of $1.7 million, due in part to approximately $1.0 million in expense
- Cash and short-term securities were $71.9 million as of December 31, 2022
2023 Outlook
- Full year 2023 net revenues in the range of $250 million to $270 million
- Full year 2023 Adjusted EBITDA(1) from a $4 million loss to $1 million profit
- First quarter 2023 net revenues in the range of $55 million to $57 million with
- Adjusted EBITDA(1) loss between $2 million and $4 million
The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company is involved in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. Back on March 20th, the company announced the recipients of the 2023 GroMoreGood Grassroots Grant. 
This year’s grant is awarding 160 programs. This spring, summer, and fall, programs will be starting or expanding their youth gardens and green spaces. The selections were made based on youth engagement, community impact, and sustainability, among other factors. In addition, 15 programs were awarded additional funding through specialty categories, Plus, Pride, and Equity.
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Words From The Foundation
“Spring at KidsGardening takes on an exciting buzz as we announce the winners of the GroMoreGood Grassroots Grant,” remarks Em Shipman, KidsGardening’s executive director. “We’re so impressed by this year’s cohort. We’re looking forward to seeing how these incredible programs use the award to build and improve green spaces, gardens, and programming to bring the benefits of gardening to tens of thousands more kids across the country.”
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