LOWLF - Top Marijuana Stocks For December? 3 Penny Stocks For Your List
Best Cannabis Stocks For Short-Term Trading In December
Are you seeking for the top marijuana stocks to trade as the legal marijuana industry gathers traction? Trading cannabis penny stocks is one-way cannabis investors are leveraging the current boom in the cannabis industry. For the ease of those who are unsure, any stock that trades for less than $5 is referred to as a penny stock. In the current market situation, these marijuana enterprises, which are known for their high volatility, might provide short-term investors with significant rewards.
Over the next five years, the cannabis market is expected to more than double. One industry that will grow significantly is the international cannabis market. Many companies are now expanding outside of the US and have established themselves in other locations.
The cannabis industry experienced fresh lows in November, but a recovery has already started. Given everything, this could offer marijuana investors a further opportunity to acquire pricey businesses at cheaper trading prices. As we get closer to December, let’s look at 3 of the top marijuana penny stocks that have increased this month.
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Top Cannabis Penny Stocks For December Watchlist
- Charlotte’s Web Holdings, Inc. ( OTC: CWBHF )
- IM Cannabis Corp. ( NASDAQ: IMCC )
- Lowell Farms Inc. ( OTC: LOWLF )
IM Cannabis Corp.
IMC is a global leader in the medical and adult-use recreational cannabis industries and has operations in Israel, Germany, and Canada. The IMC brand, according to the company, has apparently helped the Israeli medical cannabis sector pass a critical milestone. IMC is increasing the number of medical marijuana products it offers. Adjupharm, a subsidiary of the business with a German headquarters and an EU-GMP-certified medicinal cannabis distributor, represents the company all throughout Europe. Significant announcements have been made by the company regarding the opening of a cutting-edge logistics facility in Germany. With the help of this facility, Adjupharm will be able to streamline its supply chain going forward by repackaging cannabis in large quantities.
IMC announced revenues for the third quarter of 2022 of $14.2 million in November, up from $8.0 million in the previous quarter, a 78% rise, and a 12% consecutive organic growth. Additionally, the gross profit for the third quarter of 2022 was $2.8 million as opposed to $2.0 million in the third quarter of 2021, a 39% increase. In comparison to Q3 2021, the gross margin for Q3 2022 was 20%. A local non-premium inventory write-off that has expired is primarily responsible for the reduction. In comparison to Q3 2021, when the company had a net profit of $0.8 million, Q3 2022 saw a net loss from continuing operations of $4.5 million.
Following the completion of four significant acquisitions in Israel, including the largest retail and online pharmacy operation in the country and a trade and distribution center with an IMC-GDP license, the company began to centralize the operations of its recently acquired businesses during the first quarter. One of the top ten cannabis companies is Adjupharm GmbH, and in May, its IMC Hindu Kush variety was the most popular T20 strain in Germany.
IMCC Stock Performance
IMCC stock closed at $1.91 on November 30 th up 350.47% in the past month of trading. IM Cannabis common shares commence trading on a consolidated basis after a 1-for-10 reverse stock split. The stock has a 52-week price range of $1.91-$48.30 and is down 42.81% year to date. According to analysts at CNN Business IMCC stock has a median price target of $9.61 per share. In this case, this would represent an upside of 392.93% from its last trading price of $1.91.
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Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc. dominates the market for hemp-derived CBD health products in the US. The business has generally kept expanding while dominating the US CBD market for years. High-end hemp products made from genetic material sourced from American farmers are offered, particularly through Charlotte’s Web. It is converted into hemp extracts by this company, which also owns the top CBD brand in the nation. Across the nation, more than 22,000 retailers sell Charlotte’s Web products. According to The Brightfield Group, Charlotte’s Web has the largest e-commerce operation in the CBD market. E-commerce is also the dominant route in the sector, accounting for 40% of the market.
Charlotte’s Web’s net revenue fell by 28.1% in the third quarter of 2022, from $23.7 million to $17.0 million. Direct-to-consumer e-commerce net revenue decreased by $3.4 million or 22.5% to $11.8 million as a result of decreasing visits year over year. Business-to-business sales generated a net income of $5.3 million, a decrease of $3.3 million or 38.1% from the prior year. Reduced comparable shipments to several of the company’s largest retail clients were the main cause of this reduction. Additionally, gross profit was $8.9 million, or 52.5% of revenue, as opposed to $14.9 million and 62.9% of revenue in Q3-2021. From Q3-operational 2021’s loss of $9.4 million to Q3-operating 2022’s loss of $3.9 million, the company’s operating loss fell by $5.5 million, or 58.3%.
CWBHF Stock Performance
CWBHF stock is trading at $0.5845 on November 30 th down 24.40% in the past month. The stock has a 52-week price range of $0.355-$1.60 and is down 42.71% year to date. According to analysts at CNN Business CWBHF stock has a 12-month average price target of $1.25 per share. In this case, this would represent an increase of 113.88% from its stated trading price.
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Lowell Farms Inc.
Lowell Farms Inc., a well-known cannabis business with its corporate headquarters in California, is rapidly increasing its market share. The organization’s primary objectives are the creation of outstanding cannabis brand licenses, artisan craft cannabis growing, and cutting-edge production skills. There is a license agreement between the company and Ascend Wellness Holdings. The two companies will collaborate to offer the Lowell Smokes brand to dispensaries in Massachusetts and Illinois. Ascend and Lowell made the decision to ship Lowell Smokes to Michigan officials in November. According to the company, Illinois will also have access to the well-known Lowell Smokes pre-roll bundles.
Revenue for the third quarter of 2022 at Lowell Farms was $8.7 million, which was down 31% from the third quarter of 2021 and down 34% sequentially. In comparison to the previous quarter, Lowell brand revenues increased to 82% of CPG revenues from 66%. The business experienced an operating loss in the third quarter of $5.2 million, down from $7.0 million the previous quarter and $3.0 million sequentially. A $2 million gain linked to an ERC credit obtained was recognized in addition to a $4.8 million net loss for the third quarter.
Words From The Chairman
“While these unaudited results are not in line with expectations, we remain confident moving into 2023 and beyond, The successful launch and positive reception that our 35’s pre-roll brand has enjoyed gives us great confidence, as the market share for this coveted new product has increased substantially since the launch in September.”
Chairman of the Board George Allen.
LOWLF Stock Performance
The shares of LOWLF closed at $0.1790, on November 30 th down 5.79% in the last month of trading. The stock is now trading in a 52-week price range of $0.137-$0.5710 and is down 43.78% year to date.
Top Penny Pot Stocks For December 2022
The most promising companies can be found using financial data and press releases. Before accepting a position, you should conduct extensive research on the organization. As you grow more adept at using technical indicators and chart patterns, your investing performance may improve. Due to the cannabis industry’s rapid local and global expansion, short-term traders may profit from the current market conditions. During a downturn, you could find it useful to familiarize yourself with a range of trading strategies. The above-mentioned cannabis penny stocks are the ones you should add to your watchlist before December 2022.