JUSHF - Here Are 3 Marijuana Stocks For You This Week
2024-04-14 09:00:25 ET
Top 2024 Marijuana Stocks To Know About
Investing in marijuana stocks can be difficult at times, especially with how fast things can change. Other sectors normally do not have as much volatility as cannabis does. Yet what keeps more people interested and invested in a sector with this type of uncertainty? Well as an industry legal cannabis is making a killing for the most part.
Although some companies are having their ups and downs due to certain regulations and high state taxes. But even with all of the above, there is an increased demand for more cannabis products. The success and revenue being made are still growing and around the U.S. is reaching billions every quarter. So even if some companies are not showing the same success in the market there is always a chance.
At times the progress of a company can help with building up momentum. If someone feels that the company is doing well enough it could be a good marijuana stock to buy. Even if it has yet to pick up in trading getting shares at a low price point is always key. The more research and planning you do the better odds at making better investments. Which can ultimately lead to better profits Below are some marijuana stocks to watch this week.
Top Marijuana Stocks To Watch 2024
- Jushi Holdings Inc. ( OTC:JUSHF )
- Curaleaf Holdings, Inc. ( OTC:CURLF )
- Cresco Labs Inc. ( OTC:CRLBF )
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.
In recent news the company on March 13th the company reported its Q4 and full 2023 financial results.
Highlights And Key Mentions Q4 2023
- Total revenue of $67.8 million
- Gross profit of $27.2 million, an increase of 24.0% year-over-year
- Net loss of $18.0 million
- Adjusted EBITDA1 of $11.3 million, an improvement of $5.3 million year-over-year
- Adjusted EBITDA1 margin of 16.7%
- Cash, cash equivalents, and restricted cash were $31.3 million
- Net cash flows provided by operations of $4.5 million
[Read More] Top Marijuana Stocks For You Today 2024
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. On April 4th the company announced it will soon report its first quarterly 2024 financials and operational results.
The set date of this release if for May 9th. Management will host a conference call and audio webcast that afternoon at 5:00 p.m. ET consisting of prepared remarks followed by a question-and-answer session related to the Company’s operational and financial highlights.
Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States.
At the end of March, the company reported its Q4 and full-year 2023 financial results. Which demonstrated significant profitability and cash flow improvements.
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Fourth Quarter 2023 Highlights
- Fourth quarter revenue of $188 million, excluding the impact from strategic divestitures aimed to drive profitability, down 2% year-over-year.
- Gross profit of $96 million. Adjusted gross profit1 up 12% year-over-year to $100 million, or 53% of revenue, an 850 bps improvement.
- SG&A of $57 million. Removed $54 million in annualized Adjusted SG&A1, reducing Adjusted SG&A1 by 20% year-over-year to $55 million, or 29% of revenue.
- Fourth quarter net income of $5 million.