2024-01-02 06:44:29 ET
The Best Marijuana Stocks To Buy 2024?
Starting 2024 many people are looking for the best marijuana stocks to buy . Now those who have been trading and investing in cannabis stocks understand there are steps to take beforehand. It is always a good idea to educate yourself on the cannabis industry. But not just the industry learn about what companies are doing what. Research the legal side of the industry what laws have been passed and what needs to be passed.
Create your own speculation based on your own due diligence and what you feel may take place. Watch the sector learn what impacts a company’s trading in a positive and negative way. For some time now the way investing in cannabis stocks has changed. From mid to the end of the pandemic the trading average for the sector has fallen. As well with more regulatory concerns there has been less upward momentum.
So this puts people in a place where they see the future of marijuana stocks holding the most value for taking profits. Now due to the level of volatility, any chance to take profits should be done. The legal cannabis industry is growing and evolving day by day, especially in the United States which is the largest cannabis market in the world. This year we will see the potential turnaround for many marijuana stocks with the continued progress of the industry. So if you are looking to invest the companies below are several marijuana stocks to watch today .
Marijuana Stocks For Your 2024 Watchlist
Greenlane Holdings, Inc.
(
NASDAQ:GNLN
)
GrowGeneration Corp.
(
NASDAQ:GRWG
)
SNDL Inc.
(
NASDAQ:SNDL
)
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.
[Read More] 3 Marijuana Stocks To Watch In January
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States.
On November 8th the company reported its Q3 2023 financial earnings.
Q3 2023 Highlights
- Net sales decreased 13% quarter-over-quarter to $55.7 million
- Comparable store sales decreased 14.4% to the prior year
- Gross profit margin of 29.1%, an increase of 320 basis points to the prior year
- Net loss of $7.3 million, compared to a net loss of $7.2 million in the prior year
- Adjusted EBITDA(1) loss of $0.9 million, an improvement of $1.8 million to 2022
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.
Recently the company and Nova Cannabis remain committed to its partnership. Due to the past termination of the implementation agreement.
[Read More] Top Ancillary Cannabis Stocks to Watch in 2024: Key Picks for Investors
Words From The Company
“We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment,” said Zach George, Chief Executive Officer of SNDL. “The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership. SNDL remains committed to being a strong financial partner to Nova, with a focus on fostering sustainable business growth and development.”
