These 3 Marijuana Stocks Could See Gains Real Soon
There is a large amount of speculation on what will take place for marijuana stocks. Currently, speculation is fueling the trading momentum which is impacted by several factors. The biggest factor is federal reform and state-level regulatory issues. At this time cannabis as many know is still federally illegal. As well even though it looks like legal operators are making lots of money most legal operators fall victim to tax issues.
Many of the legal cannabis states have high taxes and licensing that need to be kept up to date and paid for. This has hurt more small-batch growers looking to become a bigger player as more publicly traded cannabis companies look to take over what are investors to do. Many are looking towards the future as a means to earn bigger profits. For some time most marijuana stock investors have switched their trading strategy to work with the volatile sector.
To be fair the sector overall is still fairly young and developing daily. Hopefully, with better laws and tax structures in place, we can see it transcend into the publicly traded side of the cannabis industry. So for those who want to find the best marijuana stocks to buy and get invested start your planning and due diligence now. The more you learn and prepare the better your odds of making money when investing in pot stocks.
Top Marijuana Stocks Today 2024
- TerrAscend Corp. (OTC:TSNDF)
- Glass House Brands Inc.(OTC:GLASF)
- Ascend Wellness Holdings, Inc. (AAWH)
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. On August 8th the company reported its Q2 2024 financial results. 
Second Quarter 2024 Financial Highlights
- Net Revenue was $77.5 million, compared to $72.1 million, an increase of 7.5% year-over-year.
- Gross Profit Margin was 48.6%, compared to 50.2% in Q2 2023.
- GAAP Net loss from continuing operations was $6.2 million, compared to a net loss of $12.9 million in Q2 2023.
- EBITDA from continuing operations1 was $18.6 million, compared to $6.5 million in Q2 2023, an increase of 186% year-over-year.
- Adjusted EBITDA from continuing operations1 was $15.6 million, compared to $12.8 million in Q2 2023, an increase of 21.9% year-over-year.
Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. 
In recent news, the company has set another record upon releasing its Q2 2024 earnings.
Highlights And Key Mentions
- Net Revenue of $53.9 million, an increase of 21% from $44.7 million in Q2 2023 and up 79% sequentially from $30.1 million in Q1 2024.
- Gross Profit was $28.7 million, compared to $24.4 million in Q2 2023 and $12.5 million in Q1 2024.
- Gross Margin was 53%, compared to 55% in Q2 2023 and 42% in Q1 2024.
- Adjusted EBITDA1 was $12.4 million, compared to $9.5 million in Q2 2023 and $(1.6) million in Q1 2024.
[Read More] Top Marijuana Stocks For Investors This Week
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. 
In recent news, the company announced it has expanded its access to no medical cannabis customers in Ohio.
[Read More] Best Marijuana Stocks to Watch in Mid-August: High Potential Picks
Words From The Company
“As we proudly announce the start of the transition of our Ohio stores to accommodate non-medical customers, we are excited about the new opportunities this brings to both Ascend and the communities we serve,” said John Hartmann, CEO, Ascend. “We are well-positioned to serve both segments of the market, maintaining our commitment to our current medical patients while embracing new non-medical customers.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
