SNDL - The Best Marijuana Stocks This Week
2024-07-08 09:10:04 ET
Here Are Top Marijuana Stocks For Cannabis Investors This July
Marijuana stock investors are keeping watch for the next wave of momentum. With all that has taken place over the last several months, there is still a positive outlook for the future. People are starting to speculate on what is next for legal cannabis and investing in the sector. The DEA working on rescheduling and companies are trying to expand and keep up with consumer demands and establishing a dominant brand. This also puts people in place to begin searching for investment possibilities within the sector. Now this is where finding the best marijuana stocks to buy or other ways to invest in to sector emerges.
The legal cannabis industry presents substantial growth opportunities for operators and investors alike. Yet it also faces challenges related to regulation, market volatility, and evolving consumer preferences. Success in this industry requires navigating complex regulatory environments, leveraging technological advancements, and adapting to changing market dynamics.
That is why doing your research and learning about the industry can be an asset. The more info you have the better odds you can have when trying to take profits. People should work on game plans that can adapt to market changes as best as it can. If you are going to invest in anything stock market or startup have a plan that can lead you to your end goal of making a profit. Below are several marijuana stocks to watch for potential gains this month.
Marijuana Stocks To Watch This Week
- Aurora Cannabis Inc. ( NASDAQ:ACB )
- Cronos Group Inc. ( NASDAQ:CRON )
- SNDL Inc. ( NASDAQ:SNDL )
Aurora Cannabis Inc.
Aurora Cannabis Inc., together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis derivative products in Canada and internationally. Back on June 20th the company announced its full-year results and announced its fiscal Q4 2024.
Highlights And Key Mentions
- Delivers Record Annual Adjusted EBITDA1 of $12.8 Million
- Q4 Represents the Sixth Consecutive Quarter of Positive Adjusted EBITDA1
- Increased Total Quarterly Net Revenue 5% YoY to $67.4 Million, Global Medical
- Cannabis Net Revenue1 Grew by 20% YoY to $45.6 Million
- Ended the Fiscal Year with a Cash Position of ~$180 Million with Cannabis Business Debt-Free2
- Re-Affirms Target of Reaching Positive Free Cash Flow1 by December 31, 2024
[Read More] Cannabis Sector Spotlight: Ancillary Stocks to Watch This Month
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production, and marketing of cannabis products in Canada, Israel, and Germany. On July 5th the company announced that it will reconvene its 2024 Annual Meeting of Shareholders on Friday, July 19, 2024, at 11:00 a.m. ET.
Cronos will be conducting the reconvened meeting in a virtual-only format via live audio webcast. Registered shareholders and duly appointed proxy holders will have an equal opportunity to participate in the reconvened 2024 Annual Meeting online regardless of their geographic location, including a chance to ask questions and vote.
[Read More] Top Marijuana Stock For Investors To Watch This Week
SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments.
In recent news, the company has acquired Delta 9 Cannabis Inc. The company purchased it from Connect First and Servus Credit Union Ltd. for a purchase price of CAD $28,138,284.