JUSHF - Top Marijuana Stocks For You Today 2024
2024-04-08 12:24:01 ET
Here 3 Marijuana Stocks To Watch In The Stock Market 2024
Marijuana stocks have recently seen another increase in trading momentum. Much of which is based on the speculation of what’s to come. The cannabis industry is still young and there is more to be done to create a more productive sector. For one the ongoing fight to establish federal reform and other state-level regulations could help marijuana stocks. Any good news on either topic leads to speculation trading which can create a rise in trading.
However, the back-and-forth build-up of better laws federal and state has also increased levels of volatility. Now this has been both positive and negative. The positive is when there volatile decline it is a chance to find top marijuana stocks to buy . Now on the other side when news is positive and impactful enough it can create a volatile rise in trading. Nevertheless, the interest in cannabis investing has grown and more people are looking to get invested.
This is where learning about the various marijuana stocks in the sector can be an asset to you. Just make sure you take the time to educate yourself. Learn about the sector and how the companies trade on good days and bad. As well as find out about current news projects and recent financials. Whether or not a company is profitable or not can be a big factor when investing. Below are several marijuana stocks to watch for the rest of the week.
Marijuana Stocks To Watch 2024
- Greenlane Holdings, Inc. ( NASDAQ:GNLN )
- Jushi Holdings Inc. ( OTC:JUSHF )
- Verano Holdings Corp. ( OTC:VRNOF )
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. On November 27th the company announced the receipt of Nasdaq listing deficiency notice. The company is not currently in compliance with Nasdaq’s Listing Rules. This is due to Greenlane’s inability to timely file its Quarterly Report on Form 10-Q.
The Notice does not immediately affect the listing or trading of the Company’s securities. According to Listing Rule 5250(c)(1), the Company was required to file the Form 10-Q by November 14, 2023. The Company previously reported its inability to file Form 10-Q by the Due Date on Form 12b-25, which the Company filed with the SEC on November 15, 2023. Currently, the Company is working diligently to complete the Form 10-Q and anticipates filing the Form 10-Q as soon as possible.
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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
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. On April 3rd the company announced it will report its first quarter 2024 financial.
A conference call and webcast with analysts and investors is scheduled for May 8, 2024, at 8:30 a.m. ET / 7:30 a.m. CT to discuss the results and answer investor and participant questions.