3 Marijuana Stocks To Buy Before The Close
Marijuana stocks are still trying to build some much-needed momentum. This past month many companies have started to release their earnings. Some felt that the release of strong earnings may have set off a recovery. Outside of volatile pops, there were no recoveries worth mentioning. Right now the thought on most of the sector as far as investing is in the future. There are several reasons for this and how things may change for the better. To begin we must understand the cannabis industry is still new and developing day by day.
What this means is there are more companies and more legal and regulatory framework that needs to be established. Especially when looking into the US cannabis market. A fair amount of the volatility is caused by setbacks and uncertainties in the sector. For example when laws do not get passed or companies run into issues. This is an issue for investors and hopefully, things begin to change. Overall there has been tremendous progress in most legal markets around the US.
With this success, investors can see that the future is where gains can be made. That’s why some are actively searching for the best marijuana stocks to buy. Yet in the process of looking to invest make sure you do your research. As well you want to use a strategy that allows you to adapt to market changes. With a good plan the better odds at seeing bigger returns when the time comes. Below are several marijuana stocks to watch for better trading.
Top Marijuana Stocks To Watch Today
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. 
In recent news, the company reported its Q2 2023 financial earnings. During this time the company achieved a record net revenue of $72.1 million. This made for a 12.7% year over year. In addition, 3.9% sequentially represents its 7th consecutive quarter of sequential revenue growth.
Q2 2023 Financial Highlights
- Net Revenue was $72.1 million, an increase of 3.9% sequentially and 12.7% year-over-year.
- Gross Profit Margin was 50.2%, compared to 48.8% in Q1 2023 and 37.5% in Q2 2022.
- GAAP Net loss from continuing operations was $12.9 million, compared to $19.2 million in Q1 2023 and net income of $16.9 million in Q2 2022.
- EBITDA from continuing operations1 was $6.5 million, compared to $6.1 million in Q1 2023 and $38.4 million in Q2 2022.
- Adjusted EBITDA from continuing operations1 was $12.8 million, compared to $12.2 million in Q1 2023 and $8.8 million in Q2 2022.
- Adjusted EBITDA Margin from continuing operations1 was 17.8%, compared to 17.6% in Q1 2023 and 13.8% in Q2 2022.
- Net cash provided by (used in) operating activities – continuing operations was $1.8 million compared to $10.5 million in Q1 2023 and ($14.9) million in Q2 2022.
- Cash and Cash Equivalents, including restricted cash, totaled $34.5 million as of June 30, 2023, of which $2.5 million was long-term restricted, as compared to $33.5 million as of March 31, 2023.
Acreage Holdings, Inc.
Acreage Holdings, Inc. operates in the cannabis industry in the United States. It is involved in cultivating and processing cannabis plants; manufacturing branded consumer products. 
In addition to distributing cannabis flower and manufactured products; and retailing disable cannabis products to consumers. In recent company news, Acreage reported its second quarter of 2023.
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Second Quarter 2023 Financial Highlights
- Consolidated revenue of $58.1 million, an increase of 3.8% compared to quarter ended March 31, 2023 (“Q1 2023”).
- Gross margin was 36%. Excluding the impact of non-cash inventory adjustments, gross margin for Q2 2023 was 44%.
- Adjusted EBITDA* was $6.8 million and Adjusted EBITDA* as a percentage of consolidated revenue was 12%.
TILT Holdings Inc.
TILT Holdings Inc. operates in the cannabis industry in the United States, Canada, Israel, Mexico, South America, and the European Union. It operates through Cannabis, Accessories, and Other segments. 
On August 14th the company released its Q2 2023 earnings.
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Highlights And Key Mentions
- Revenue was $41.6 million in the three months ended June 30, 2023, compared to $47.1 million in the prior year period.
- Gross profit was $4.0 million, or approximately 9.7%, in the three months ended June 30, 2023, compared to $10.9 million or approximately 23.3% of in the prior year period.
- Net loss was $26.9 million in the three months ended June 30, 2023, compared to a net loss of $7.1 million in the prior year period.
- Adjusted EBITDA (non-GAAP) increased to $1.5 million in the three months ended June 30, 2023 compared to $1.1 million in the prior year period
- At June 30, 2023, the Company had $4.1 million of cash, cash equivalents and restricted cash compared to $3.5 million on December 31, 2022.
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