3 Marijuana Stocks To Buy In June 2023?

Marijuana stocks are looking more like a long-term investment than short term. This mainly has to do with the fact that the cannabis sector has had trouble sustaining upward trading. Now with how unpredictable the sector can get when there is a recovery it comes often without any indication. Without any signal that can help tell shareholders of a possible rise, it takes a watchful eye to be able to catch the rise before it declines.

This volatility has been frustrating for some shareholders for that reason. Although for those who are remaining optimistic, they see the current sector as a means to prepare for the future. What this means is with how low the sector has fallen it is easier to find the top marijuana stocks to buy at lower entry points. The idea is to buy shares of the company at a low price so that when the stock begins to rise you can take a sizable profit. Yet not all entry points are low enough to make a nice profit on a recovery.

That is why having a trading plan and a well-thought-out investment strategy is important. Right now the cannabis industry is working to establish better laws and regulations. Once more efficient and comprehensive reform is set in place people feel this will bring consistency back for most cannabis stocks. In addition to restoring investor’s confidence by investing more in pot stocks.

Marijuana Stocks To Watch 2023

  1. Jushi Holdings Inc. (OTC:JUSHF)
  2. Goodness Growth Holdings, Inc. (OTC:GDNSF)
  3. MariMed Inc. (OTC:MRMD)

Jushi Holdings Inc.

Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products.

Jushi pot stocks

It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States. In recent news, the company reported its Q1 2023 earnings.

First Quarter 2023 Financial Highlights

  • Total revenue of $69.9 million, an increase of 12.9% year-over-year
  • Gross profit margin was 42.9% of revenue, compared to 30.9% in Q1 2022 and 28.6% in Q4 2022
  • Net loss of $12.4 million, an improvement of $7.3 million year-over-year
  • Adjusted EBITDA1 of $7.6 million, an improvement of $8.5 million year-over-year and $1.6 million sequentially
  • Cash, cash equivalents, and restricted cash of $19.4 million as of quarter end

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Goodness Growth Holdings, Inc.

Goodness Growth Holdings, Inc. operates as a cannabis company in the United States. Recently the company in partnership with Rogue International announced a strategic advisory agreement. Grown Rogue will support Goodness Growth in the optimization of its cannabis flower products. Goodness GDNSF

There will be a particular focus on improving the quality and yield of top-grade “A” cannabis flower across its various operating markets. The company will be starting with Maryland and Minnesota.

Words From The Company

Interim Chief Executive Officer of Goodness Growth, Josh Rosen, said, “As we have recently discussed, cultivation improvements are an important focus for us this year. We’ve been impressed by the initial site visits and preliminary work that Grown Rogue’s team has already completed.”

[Read More] 3 Marijuana Stocks To Watch Right Now In June

MariMed Inc.

MariMed Inc. engages in the cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. Back On May 8th, the company released its Q1 2023 financial earnings. MRMD

Highlights And Key Mentions

  • January 24: Closed a $35 million senior secured credit facility with a $30 million drawdown at close and the ability to draw up to an additional $5 million through June 2023. The facility has a three-year maturity and bears interest at a rate of prime plus 5.75%. Funds are expected to be used for capital expenditures, other corporate expenses, and acquisitions.
  • March 13: Closed the acquisition of the operating assets of Ermont, Inc. The Company obtained a vertical cannabis operation in Quincy, MA, and rebranded the retail operation to Panacea Wellness Dispensary. MariMed intends to expand the dispensary to accommodate adult-use sales, which the company has applied for with the State Cannabis Commission.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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