VFF - Top Marijuana Stocks To Buy This Month?
2024-03-01 09:07:00 ET
3 Marijuana Stocks For Your March Watchlist
Marijuana stock investors are starting to see the upside of 2024. Since the start of January 1st, there has been much speculation and anticipation for the cannabis sector. Knowing that this year is a presidential election also means better trading. Not to mention the ongoing fight to establish federal reform for the US cannabis industry . So with both parties needing votes, we may see potential campaign promises for legal cannabis.
Nevertheless, even if nothing comes from it the speculation of what could happen historically triggers volatile pops. In fact, this has been the new method of taking profits for most. Traders wait for downtrends before looking for marijuana stocks to buy. Then when positive news on reform is announced it most times leads to a rise where people can take quick profits. In 2023 positive news on federal reform was the reason some cannabis stocks saw much better trading.
This year could be similar but with the possibility of having stronger momentum and sustainable upward trading. Right now things are just getting started and more companies are starting to report earnings. With good results and strong financials hopefully, this will help keep more momentum in the sector. Below are several marijuana stocks to watch for better trading in 2024. Just make sure you have a trading plan that will give you the best chances of making money.
Top Marijuana Stocks For Your 2024 Watchlist
- Cronos Group Inc. ( NASDAQ:CRON )
- Village Farms International, Inc. ( NASDAQ:VFF )
- SNDL Inc. ( NASDAQ:SNDL )
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce.
As well as retail, and hospitality partner channels under the Lord Jones brand in the United States. In recent news, the company reported its 2023 Q4 and full-year earnings.
Q2 2023 Highlights
- Net revenue of $23.9 million in Q4 2023 increased by $1.9 million from Q4 2022.
- Gross profit of $1.9 million in Q4 2023 increased by $0.7 million from Q4 2022.
- Adjusted EBITDA of $(14.8) million in Q4 2023 improved by $4.2 million from Q4 2022.
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Village Farms International, Inc.
Village Farms International, Inc. and its subsidiaries produce, market, and sell greenhouse-grown tomatoes, bell peppers, and cucumbers in North America.
On February 20th the company announced it will report its fourth quarter and year-end 2023 financial results on March 13th. A conference call will be held the same day at 8:30 am ET.
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SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. In more recent news the company is setting up to report its year-end and Q4 2023 financial earnings.
The company will report its earnings on March 21st, 2024. Following the release of its year-end and fourth-quarter results, SNDL will host a conference call and webcast at 10 a.m. EDT (8 a.m. MDT) on March 21, 2024.