TCNNF - 3 Marijuana Stocks To Kick Off The First Week Of Trading In December
2023-12-04 06:30:37 ET
Top Marijuana Stocks For Your December Watchlist
Marijuana stock investors are entering into the new year with more of a positive outlook. The future of the cannabis industry seems to be heading in the right direction. More advocates are pushing reform and other regulatory concerns that need to be in favor of workers in the industry. Right now there is a major push for federal reform and other regulations that can help the industry in a major way. Cannabis is still a young emerging industry and there is more to be done for people to feel confident about investing.
However, with the amount of volatile trading, more people have been taking advantage. Many of the top cannabis companies are trading at lower levels. What this does is allow people to find the best marijuana stocks to buy at better entry points. This is a market setup for when a recovery happens taking profits becomes easier.
Some have found that even when taking a position at a good entry point it takes time to see a return. In 2024 many feel this will be a turning point for the sector. So if you have an interest in legal cannabis begin your research and create a trading plan. The more info you have and can strategize the better odds you will have at being profitable. Below are several marijuana stocks to watch for better trading this week.
Marijuana Stocks For Your Watchlist Today
Trulieve Cannabis Corp. ( OTC:TCNNF )
Green Thumb Industries Inc. ( OTC:GTBIF )
Verano Holdings Corp. ( OTC:VRNOF )
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. Together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery.
In recent news, the company announced the completion of redemption of all US$130 million 9.75% senior secured noted due 2024. The Notes will cease to trade on the Canadian Securities Exchange under the symbol “TRUL.DB.U” as of the close of trading on December 1, 2023, and will be delisted as of December 1, 2023. Additional information regarding the redemption of the Notes is available from Odyssey Trust Co.
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. Recently the company opened a RISE dispensary in Tampa in Crystal River back on December 1st.
This expands the company’s footprint to 13 locations in the state of Florida. RISE Dispensary Tampa will host a grand opening celebration on December 16, where profits from the day will be donated to the Tu Canna Foundation. RISE Dispensary Crystal River will host a grand opening celebration on December 15, with profits benefitting The Bridge 4 Veterans.
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis throughout the United States.
On November 17th, the company announced the opening of MÜV North Miami-Biscayne. This makes for Verano’s second Miami dispensary and 73rd Florida location.
[Read More] Will Florida Cannabis Legalization Help Marijuana Stocks?
Words From The Company
“We are so excited to open MÜV North Miami on beautiful Biscayne Boulevard,” said Joel Noonan, EVP of the Southern Region. “Adding a second MÜV location in Florida’s largest market provides another convenient location for the Miami medical cannabis community to access our patient-centric service and a wide variety of high-quality products in a warm and welcoming environment.