Here Are 3 Marijuana Stocks For Your May Watchlist
The excitement towards cannabis investing is high right now. More cannabis companies are reporting quarterly earnings which for some have shown tremendous growth and profitability. This progress has led to an increase in market momentum for certain marijuana stocks. The publicly traded side of the cannabis industry is one with high levels of volatility. So when the slightest news whether negative or positive is big impactful it can affect trading.
It is obvious that the better the news oftentimes the better the trading. But with negative news, it normally leads to a drop in trading. Market volatility can make it tough to know when to buy and when to sell. Much of this is due to the unpredictable trading patterns that occur in the sector. Nevertheless with all the success and upward battles won for the legal cannabis sector more people are getting involved. The future of cannabis is where most see the highest potential for bigger profits.
This outlook comes from the continuous battle with reform and better market regulations. With these parts in place more would find better safety in looking for the best marijuana stocks to buy. Just remember to do your homework and make sure you have a trading plan that is best for you, The companies below are several marijuana stocks to watch the rest of 2024.
Marijuana Stocks For Your 2024 Watchlist
- Jushi Holdings Inc. (OTC:JUSHF)
- Verano Holdings Corp. (OTC:VRNOF)
- Glass House Brands Inc. (OTC:GLASF)
Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. On May 9th the company reported its Q4 2024 financial highlights. 
First Quarter 2024 Financial Highlights
- Total revenue of $65.5 million
- Gross profit and gross profit margin of $32.3 million and 49.4%, respectively
- Net loss of $18.4 million
- Adjusted EBITDA1 of $13.3 million, an improvement of $5.7 million year-over-year
- Adjusted EBITDA1 margin of 20.4%
- Cash, cash equivalents, and restricted cash of $30.6 million as of the quarter end
- Net cash flows provided by operations of $6.5 million
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. Recently the company announced it has propelled its retail footing in central Florida. 
This was accomplished with the opening of MÜV Haines City. This new location makes for Vernano’s 75th location in Florida and 140th retail dispensary in the nation.
Words From The President Of The Southern Region
“We’re thrilled to bring the MÜV experience to Haines City, where we’ll offer the local patient community access to our wide variety of high-quality products, extensive cannabis expertise, and patient-centric care,” said John Tipton, President of the Southern Region. “Given the historic opportunity Floridians have to end cannabis prohibition this November at the ballot box, we’re excited to welcome patients in Haines City and broaden our retail footprint during this pivotal time for cannabis in the Sunshine State.”
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Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. The company operates in three segments: Retail; Wholesale Biomass; and Cannabis-Related Consumer Packaged Goods. On May 22nd the company announced the filing of a base shelf prospectus. 
The Shelf Prospectus allows Glass House to offer from time to time over 25 months, equity shares, preferred shares, and debt securities. As well as subscription receipts, warrants, and units comprised of more than one of the foregoing securities. Plus any combination thereof, in all of the provinces and territories of Canada.
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