The Best Marijuana Stocks For Investors?
Starting the new year marijuana stock investors are looking for more ways to take profits. If you have been following the cannabis sector specifically the publicly traded side then you know how volatility has left most marijuana stocks. That’s the thing volatility can be an advantage to investing but it can also lead to issues. So for instance when there is a volatile decline a recovery can take a while. Yet when there is recovery due to how volatile trading can get recoveries do not last long.
However, the volatile decline makes it easier to find the best marijuana stocks to buy. During 2024 the cannabis industry is in a position to see a lot of changes in favor of business owners and consumers. The more success that companies have the more progress and development occurs for the industry. So if investing in legal cannabis is something you want to do take these steps as a guide. First, learn about stocks and the basics of investing and trading Then you should learn about the legal cannabis sector.
As well as what and how cannabis stocks can have their trading impacted for better or worse. Next, you should create a list of possible stocks and learn about them. Once you have taken action with these steps investing and trading marijuana stocks in 2024 could be profitable. Yet for many who are invested, they are waiting for the next recovery to take profits. So while volatility is still here you may want to learn about these 3 marijuana stocks to watch below.
Top Marijuana Stocks To Watch 2024
- GrowGeneration Corp.(NASDAQ:GRWG)
- Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
- Agrify Corporation (NASDAQ:AGFY)
GrowGeneration Corp.
GrowGeneration Corp.GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, the company announced it will be participating in the 26th annual ICR conference. 
The 26th ICR Conference is to be held January 8-10, 2024 in Orlando, Florida. Darren Lampert, Chief Executive Officer, will participate in an in-person fireside chat on Monday, January 8, 2024 at 1:30 p.m. Eastern Time.
Hydrofarm Holdings Group, Inc.
Hydrofarm Holdings Group, Inc. together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. 
At the start of 2024, Hydrofarm announced it would be attending and presenting at the 2024 ICR conference. So the company’s discussion will begin at 2:00 PM ET on Monday, January 8, 2024.
[Read More] Are These Marijuana Stocks A Buy Or Sell 2024?
Agrify Corporation
Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. 
In recent news, the company reported its 2023 financial results.
[Read More] Top Marijuana Stocks To Kick Off Trading In 2024
Third Quarter 2023 Financial Results Summary
- Revenue was $3.1 million for Q3 2023, compared to $7.0 million for Q3 2022.
- Gross profit was $1.0 million for Q3 2023, compared to a loss of $(4.1) million in Q3 2022.
- Operating expenses were $5.6 million for Q3 2023, compared to $27.4 million in Q3 2022. The decrease is largely due to a decrease in general and administrative costs.
- Operating loss was $(4.6) million for Q3 2023, compared to an operating loss of $(31.5) million for Q3 2022.
- Net loss attributable to Agrify was $(2.1) million for Q3 2023, or $(1.27) per basic and diluted share, compared to a net loss of $(57.4) million, or $(429.98) per basic and diluted share for Q2 2022.
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