AFCG - 3 Marijuana Stocks For Investors To Know About This Month
2024-07-10 09:22:53 ET
Here Are Top Marijuana Stocks For Investors Today
Marijuana stocks are showing another drop in trading but this could be time to take advantage. The current state of the cannabis industry is in a progressive place. With more support for reform and better regulations, more people want to invest. More companies are working to build bridges through strategic partnerships to meet consumer demand.
There are many cannabis users across the world and the legal market wants to service this need. The more a company can sell the more profits it can make showing more success. As a company continues to be profitable it can also have an adverse impact on how the company performs in the market. Some use speculation of what is to come as a strategy when looking for the best marijuana stocks to buy . Capitalizing on an investment before things take off is always the goal, especially in the cannabis sector where cannabis stocks can trade up or down without warning.
Market volatility is strong in the sector so having a game plan and doing your research is important. Having a strategy for your investments is crucial it gives you better odds of seeing the best profits. As things continue to grow for the industry there is more to be done that could impact how most marijuana stocks perform. Below are several marijuana stocks to watch today.
Top Marijuana Stocks For Your Portfolio
- Innovative Industrial Properties, Inc. ( NYSE:IIPR )
- AFC Gamma, Inc. ( NASDAQ:AFCG )
- NewLake Capital Partners, Inc. ( OTC:NLCP )
Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Back in June, the company declared its second-quarter 2024 dividends.
The company gave a dividend of $1.90 per share of common stock. This represents a 4.4% increase over IIP’s first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per common share.
Words From The Company
“We are pleased to announce an increase in our quarterly common stock dividend, which continues our strong track record of increasing our dividend every year since our inception in 2016,” said Paul Smithers, President and Chief Executive Officer of IIP.
[Read More] Top Marijuana Stocks For You Today
AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. On July 8th the company reconfirmed the completion date of the spin-off of the commercial real estate portfolio.
The company put its spin-off of its commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. Shareholders of AFC Gamma common stock as of the close of business on July 8, 2024, will receive one share of new SUNS common stock for every three shares of AFC Gamma common stock held on the Record Date.
[Read More] 3 Marijuana Stocks To Buy As A Cannabis Investor
NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects.
On June 13th the company announced it has increased its Q2 2024 common stock dividend. The company has now made an increase to $0.43 per share. The dividend is equivalent to an annualized dividend of $1.72 per common share and is payable on July 15, 2024, to common stockholders of record at the close of business on June 28, 2024.