JUSHF - 3 Marijuana Stocks To Buy Off The Dips 2023?
2023-09-20 07:00:51 ET
3 Marijuana Stocks To Watch Off The Pullback
Investing in marijuana stocks can be profitable if you can stay disciplined and patient. The discipline part is more about learning and being aware of what is going on in the cannabis sector. So when investing in cannabis stocks you should have several things in order. Intially you want to build a watchlist and watch the cannabis sector. Get familiar with how marijuana stocks react in the market to both positive and negative variables. Once you have gained an understanding of how the sector typically performs it is time to narrow down your list.
The more due diligence you the more confident you will have to find marijuana stocks to buy . Now you can say that being disciplined is close to having patience as well. However, with how unpredictable and uncertain the cannabis sector can be being patient can go a long way. Marijuana stocks are not like other sectors as the level of volatility is higher than others.
What this does is make knowing when to take profits a bit difficult due to how random a recovery can occur. Not to mention when there is a bounce in trading it does not last long enough for all investors to take profits. Still with more to be seen and done in the sector future investment opportunities could begin to emerge more often. The companies below are some top marijuana stocks to watch for better trading before next month.
Top Marijuana Stocks For Your 2023 Portfolio
- Glass House Brands Inc. ( OTC:GLASF )
- Lowell Farms Inc. ( OTC:LOWLD )
- Jushi Holdings Inc. ( OTC:JUSHF )
Glass House Brands Inc.
Glass House Brands Inc. through its subsidiaries, cultivates, manufactures, and distributes cannabis bulk flowers and trims to wholesalers in California. In recent news, the company announced it will attend the ATB Capital Markets 2023 Life Sciences Investors Conference on September 20th.
Mr. Kazan will participate in a panel discussion, “Thriving in Difficult Markets: Lessons from California and New York”, on Wednesday, September 20, 2023, at 9:30 am ET. Management will be available to meet with investors at the conference.
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California.
Back on August 10th, the company reported its unaudited second quarter 2023 financial results.
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Second Quarter Financial Highlights
- Net revenue generated for Q2 2023 decreased 47% to $7.0 million, as compared to $13.2 million for Q2 2022.
- Bulk revenue from self-grown wholesale products decreased 34% compared to Q2 2022 and decreased by 11% compared to Q1 2023.
- LFS revenue decreased 95% compared to Q2 2022 and decreased 18% compared to Q1 2023.
- Out of state licensing revenue decreased 14% compared to Q2 2022 and increased 7% compared to Q1 2023.
- Adjusted EBITDA was negative $1.2 million compared to adjusted EBITDA of negative $1.1 million in Q2 2022 and adjusted EBITDA of negative $1.1 million in Q1 2023
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Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products.
It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States. On August 22nd the company announced the opening of its 6th Beyond Hello dispensary in Woodbridge Virginia.
Words From The Company
“Located in Prince William County in a suburban community just outside of Washington, D.C. and situated along the Potomac River, Beyond Hello™ Woodbridge marks the opening of our sixth dispensary in Virginia,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi Holdings Inc.”