PLNHF - 2 Marijuana Stocks To Buy This April 2023?
2023-03-27 07:00:54 ET
2 Marijuana Stocks To Watch Today 2023
Marijuana stock investors are looking for the best opportunities to take advantage of. With much of the sector being in a volatile position there are more chances to make that happen. So when looking for the best marijuana stocks to buy it becomes a bit easier with a volatile market. The reason is due to trading is a bit more unpredictable. When a sector performs with unpredictable patterns finding lower entry levels becomes easier due to pullbacks in trading.
Still with how volatile things have been creating a plan of action is always best. As well as keeping a watchful eye for any changes that may occur. The cannabis sector is not like other areas of the stock market. There is a complex scale between optimism and concern about the future. From this, we get all of this pullback and up-and-down trading with a lack of upward momentum.
Much of this is not due to companies solely but to better rules and regulations that help run the cannabis industry. Nevertheless, the cannabis industry is still growing and evolving which gives hope to people looking into cannabis investing. With a plan and good research on the market, you could find yourself in a profitable place investing in marijuana stocks. The companies below are several marijuana stocks to watch heading into April.
Top Marijuana Stocks To Watch In April
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
In recent news, the company has reported its Q4 2022 financial results.
Fourth Quarter Highlights
- Revenues were $24.8 million as compared to $29.9 million, a decrease of 16.8%
- Gross profit was $10.7 million or 43.0% as compared to $16.2 million or 54.3%
- Operating expenses, excluding non-cash compensation expense, depreciation and amortization, and impairment loss, was $13.1 million as compared to $14.8 million, a decrease of 22.1%
- Net loss before taxes of $37.8 million driven by a $32.8 million impairment charge as compared to a net loss of $1.3 million
- Net loss of $38.6 million as compared to a net loss of $5.1 million
- Adjusted EBITDA loss of $0.8 million as compared to Adjusted EBITDA of $1.9 million
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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.
Recently the company announced that its subsidiary, Gage Cannabis Co. (“Gage”) will lead an exciting new era in cannabis retail. This begins with the grand opening of Lemonnade Center Line, the first sativa-focused provisioning center in Michigan. Through its partnership with Cookies, Gage will open a 4,600-square-foot retail store located at 24729 Sherwood Avenue in Center Line.
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Words From The Company
“TerrAscend is proud to introduce Lemonnade’s acclaimed menu and retail experience to sativa lovers in Michigan and the Midwest,” said Jason Wild, Executive Chairman of TerrAscend. “This expansion exemplifies the strength of our top-shelf product offerings and quality partnerships with the most recognized names in the industry.”