AYRWF - 3 Marijuana Stocks To Buy And Watch In April?
2023-04-11 07:00:11 ET
Top Marijuana Stocks For Cannabis Investing 3 To Watch
Investing in marijuana stocks and the cannabis industry can offer opportunities to make money. But it also comes with unique risks and challenges. Yet thorough research, and learning how to trade and invest will be the bigger obstacles to investing. On top of understanding the regulatory environment, as well as financial analysis, and long-term perspective. These factors are crucial for making informed investment decisions when looking for the top marijuana stocks to buy .
marijuana stocks can be complex and speculative, as the cannabis industry is relatively new and evolving rapidly. Most times people only want to invest in the best companies that are currently doing well in the market. Like any other investment, it’s crucial to carefully analyze the financials and fundamentals of the companies. This includes factors such as revenue growth, profitability, balance sheet strength, and valuation metrics. Keep in mind that many cannabis companies may be relatively young and may not have a long history of financial performance.
While the cannabis industry has experienced rapid growth in recent years, it’s still an evolving and dynamic market. It’s important to take a long-term outlook when investing in marijuana stocks and consider factors such as the potential for regulatory changes, market consolidation, and shifts in consumer preferences over time. With all of the above, this should give you the insight needed in getting invested in marijuana stocks. Below are several pot stocks to watch this month.
Top Marijuana Stocks For 2023
Ayr Wellness Inc. ( OTC:AYRWF )
Planet 13 Holdings Inc. ( OTC:PLNHF )
Cansortium Inc. ( OTC:CNTMF )
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically-integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods.
In recent news, the company announced a leadership update. Effective immediately, Jen Drake has, on mutually agreed terms, resigned and stepped down from her role as chief operating officer.
Words From Jennifer Drake
“I am incredibly proud to have helped build AYR from an idea in 2018 to a 2,500-person organization today,” said Jennifer Drake. “The commitment and passion of the AYR team will be an inspiration to me as I take on my next challenge, which I can do with confidence knowing that AYR is in the hands of David Goubert’s leadership.”
[Read More] 2 Top Marijuana Stocks For Cannabis Investing 2023
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
[Read More] Top Pot Stocks For Long Term Investing? 3 To Watch In April
Cansortium Inc.
Cansortium Inc. through its subsidiaries, produces and sells medical cannabis in the United States. Back on March 15th, the company hosted a grand opening of its 30th medical cannabis dispensary in Jacksonville.
The grand opening of its 30th medical cannabis dispensary in Florida and 33rd nationwide. Also, the company plans to open a fourth Jacksonville retail location later this year.
Words From The Company
“Jacksonville is one of the most successful markets for Fluent, with our existing stores demonstrating the highest patient retention rates across the state,” said Fluent Cannabis Care Director of Sales Victor Bindi. “Not only are we opening our third retail location in Jacksonville, but we’re also looking to expand our footprint with a fourth store on the west side of Jax later this year.