GLASF - 3 Marijuana Stocks To Start The New Week
2023-11-06 07:00:21 ET
Are You Ready To Invest In These Marijuana Stocks
The cannabis industry is showing more growth heading into 2024. There was a lot accomplished from a business standpoint. More companies entered into strategic partnerships. On top of developing and creating more products for consumers. Just in the United States alone, legal markets are seeing over a billion dollars in revenue. With these types of numbers, it has the potential to capture more political favor as a legitimate industry. Currently, cannabis is still federally illegal even with the other half of the US having some type of legal market.
Every day more people are finding their way over to the cannabis sector wanting to know more about it. Or even those who are getting reintroduced to the future of cannabis. This curiosity has driven more people to look into investment options. Marijuana stocks are the easiest barrier to entry. The way most cannabis stocks have been trading finding low entry points is possible. The idea is to buy shares as low as you can and marijuana stocks are incredibly volatile.
This can make finding top marijuana stocks to buy more affordable. As the new year soon begins people are looking to get invested as the future looks promising for the industry. The end game is the better the industry does on top of passing federal there could be a big recovery for marijuana stocks. Below are several marijuana stocks to watch this week.
Marijuana Stocks To Watch Today 2023
- Glass House Brands Inc. ( OTC:GLASF )
- Ayr Wellness Inc. ( OTC:AYRWF )
- Verano Holdings Corp. ( OTC:VRNOF )
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 that on September 19, 2023, Element 7, APB and GH Group entered into a Settlement and General Mutual Release Agreement. The agreement was Element 7 agreed to pay GH Group $2,865,000 to settle the Element 7 Proceeding.
Provided, that if Element 7 pays GH Group $1,865,250 by December 15, 2023, then Element 7 shall be entitled to a credit of $999,750 towards the $2,865,000 payment. In addition, Element 7 retains ownership of its retail licenses. This allows Element 7 to take title in a property from a GH Group affiliate in Firebaugh in connection with the Element 7 Settlement.
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.
Recently the company announced an agreement with senior noteholders to extend maturity date by 2 years. This brings a commitment of US $50 million of new money financing. In addition to an amendment to LivFree Wellness, LLC promissory note.
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Words From The Company
AYR CEO David Goubert said: “Today’s announced agreements are the culmination of a series of actions taken in recent months to transform AYR’s balance sheet and protect the financial health of the company. We believe that these actions will provide AYR the financial flexibility to execute its long-term growth strategy while continuing to prioritize cash flow generation and further optimization initiatives.”
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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 across the United States.
On October 27th the company announced the opening of MUV Satellite Beach. This location brings the company’s retail footprint to 72 Florida dispensaries and 135 locations nationwide.