JUSHF - Top Marijuana Stocks Right Now In December
Best Cannabis Stocks In December 2022
Would you like to know the best marijuana stocks to buy in December ? Short-term traders had a ton of possibilities this week due to the extreme market volatility. Leading cannabis companies may become more volatile as federal cannabis legalization moves forward on Capitol Hill. Cannabis penny stocks are one sector of the cannabis market where day traders and swing traders may find opportunities.
Many cannabis investors are actively trading marijuana stocks utilizing short-term trading strategies in an effort to benefit from the current volatility. Many of the largest cannabis firms’ present market valuations are comparable to those of penny stocks. Penny stocks are any shares of stock with a price of less than $5. They are known for their strong volatility and the significant daily price variations they can experience.
President Joe Biden recently said that he would begin the process of pardoning anyone who has ever been found guilty of a federal offense involving even a trace of cannabis. Additionally, Biden stated that he is advising other governors to adopt a similar approach in order to stop state-level prosecutions for marijuana possession. As a result, in the fourth quarter of 2022, there has been an upsurge in interest in cannabis stocks. The top 2 marijuana penny stocks to watch in December that garnered the most interest are shown in the list below.
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Top Cannabis Stocks To Watch As December 2022 Begins
- Jushi Holdings Inc. ( OTC: JUSHF )
- MariMed Inc. ( OTC: MRMD )
Jushi Holdings Inc.
Jushi Holdings Inc. is a hemp and cannabis business that is expanding its market share in the medical and recreational marijuana industries in the United States. The company’s main goal is to supply the US market with a range of branded marijuana and hemp-derived products. Around the country, 34 Jushi-run dispensaries employ the BEYOND/HELLO brand. Jushi also has 31 retail licenses in the US, and its national cannabis dispensary brand, Beyond/Hello, is expanding both online and offline. The business was able to expand its vertically integrated operations into Nevada in April by purchasing NuLeaf Inc.
In its preliminary third-quarter financial figures, Jushi’s reported a 34.9% year-over-year growth in revenue to $72.8 million. Additionally, the company achieved a gross profit of $27.7 million, an increase of 18.9% over the prior quarter and 4.0% over Q2 2022. It’s crucial to remember that Jushi had a net loss of $52.9 to $62.8 million. Along with opening its 34th and 35th retail locations around the nation, the company launched it’s third and fourth Beyond HelloTM dispensaries in Virginia.
JUSHF Stock Performance
JUSHF stock closed at $2.01 on November 30 th up 30.07% in the last month of trading. Currently, the stock has a 52-week price range of $1.17-$4.78 and is down 38.77% year to date. According to analysts at CNN Business JUSHF stock has a 12-month average price target of $3.39 per share. In this case, this represents an upside of 70.39% from its last trading price of $2.01.
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MariMed Inc.
MariMed Inc. has developed into a cannabis company operating in multiple states with a wide network of retail locations. The company builds and operates state-licensed cannabis facilities from seed to sale. The management team at MariMed has a track record of success in its managed business divisions. Some of the company’s best-selling and award-winning goods and brands include Betty’s Eddies®, Nature’s HeritageTM, Bourne Baking Co., and Kalm Fusion®. Last year, MariMed created the largest cannabis-infused brownie in history to celebrate the introduction of its Buddy Baked line. The company received recognition in May for making the largest cannabis brownie ever. The business acquired a dispensary in Beverly in March, providing it with a second retail space in Massachusetts.
MariMed reported $33.9 million in revenue for the third quarter of 2022. Additionally, the business increased its $132 million to $135 million full-year forecast for 2022. Also predicted for the entire 2022 year is a gross margin of 48% to 49%. Non-GAAP Adjusted EBITDA for the company ranged from $32 to $35 million. In September, the company entered the Michigan adult-use cannabis market with renowned brands.
Words From The CFO
“Our financial results remain some of the best in the industry, as we have improved gross margins and delivered positive adjusted EBITDA for the eleventh consecutive quarter.”
Susan Villare, Chief Financial Officer.
MRMD Stock Performance
MRMD stock closed at $0.5315 on November 30 th down 1.54% in the last month. The stock has a 52-week price range of $0.40-$0.94 and is down 41.04% year to date. According to analysts at CNN Business, the stock has a $0.98 average price target this would represent an upside of 91.18% from its last trading price of $0.5315.
[Read More] 2 Top Marijuana Stocks To Know About In December
Best Penny Pot Stocks For Your List In December
In November, these top cannabis stocks hit new lows; when they begin to rebound, investors may find value in the stocks. You can review a company’s financial statements and most current news releases to see if an asset is a good fit for your trading strategy and portfolio. Understanding technical indicators and chart patterns can help you make better trading decisions. These top penny pot stocks may be among the best to watch in December.