TCNNF - Marijuana Stocks To Watch How to Make A Profit In Volatile Sector?
2 Marijuana Stocks To Buy To Start The Week?
Marijuana stock investors are looking toward the new year to bring better upward consistency. The way most of the cannabis sector has been trading has shown that volatility can work in the favor of traders. What this means is most times volatile trading has left shareholders taking a loss with a drop in the sector. However with the drastic change in how marijuana stocks trade some have been able to leverage the volatile patterns. In fact, it’s a simple strategy that goes back to the basic saying buy low and sell high. So when there is a volatile decline this can be a good time to find marijuana stocks to buy .
Now recently there have been better moments where the sector has seen an increase in recoveries. But the amount of time a marijuana stock stays in the green is still a short window. Nevertheless, some have become lasered to the point where they have promptly adapted to this new strategy of trading. At one point in time before the Covid pandemic, most marijuana stocks were able to maintain good upward trading. Yet this is not the case as of 2022 but with a new year soon to begin we may see less volatility and better all-around trading. The marijuana stocks to watch below are a few options to keep an eye on this week.
Marijuana Stocks To Watch In The Stock Market
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. During the first week of November, Green Thumb released its Q3 2022 earnings.
Q3 2022 Highlights
- Revenue increased 3% sequentially and 12% year-over-year to $261 million.
- Year-to-date 2022 revenue increased 17% to $758 million compared to the first nine months of 2021.
- A ninth consecutive quarter of positive GAAP net income, delivering $10 million or $0.04 per basic and diluted share.
- Adjusted Operating EBITDA grew 7% sequentially to $84 million or 32% of revenue.
- Cash flow from operations of $48 million net of income tax payments of $31 million for the quarter.
[Read More] 2 Marijuana Stocks To Watch For All-Around Better Trading
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. It 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 opens a new medical cannabis dispensary in Huntington, West Virginia.
Words From The Company
“We are excited to expand our West Virginia presence to include a location in Huntington, and we look forward to serving patients in the surrounding area,” said Trulieve CEO Kim Rivers. “Trulieve is committed to providing the best quality services and products for the state’s registered medical cannabis patients while strengthening community connections in this developing market.”