2023-12-01 13:32:07 ET
Here Are 3 Top Marijuana Stocks To Know About This Year
Marijuana stock investors are looking for more ways to prepare for 2024. New and seasoned investors want to head into the new year with a strong portfolio. Yet this is a tough task to complete only due to how the cannabis sector has performed over the years. As most know there have been more days in the red than the green. Which is mainly caused by volatility that has yet to subside to a level that allows sustained momentum. Nevertheless, cannabis as a business is thriving and in the US alone generating over a billion dollars in revenue.
The demand for cannabis products has gone up and companies are working to keep up that demand. You would think that the more money and success companies have it would reflect the same way in the market. However, this is not the case and most marijuana stocks react differently depending on the reason. Now when companies release strong earnings this news has the potential to create a bounce.
Also if there is news regarding laws and regulatory concerns this too has been a big market mover. Still, the industry is young and developing day by day which leaves room for more investment opportunities. With this in mind, people are working on game plans and strategies while looking for the best marijuana stocks to watch . The companies below are several cannabis stocks to keep on your radar before 2024 begins.
Top Marijuana Stocks To Watch In 2024
Ayr Wellness Inc.
Ayr Wellness Inc..operates as a vertically integrated cannabis multi-state operator that cultivates, and manufactures. As well as retail cannabis products and branded cannabis packaged goods. In recent news, the company announced the opening of an AYR dispensary in Dayton Ohio.
This is the third AYR location in Ohio and the first in the Dayton Metropolitan Region. The new location closely follows the recent openings of AYR Woodmere, in the Greater Cleveland Region, and AYR Goshen, in Greater Cincinnati.
Words From The Company
“We are thrilled to support Daily Releaf to open the third AYR-branded dispensary in the emerging market of Ohio,” said David Goubert, President and CEO of AYR. “Following a historic Election Day, where Ohio voters made a strong statement to further expand access to cannabis, we are eager to develop relationships with patients and the broader community in the Dayton area and across Montgomery County.
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. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. Recently the company announced the filing of a preliminary base shelf prospectus.
The Shelf Prospectus, when made final and effective, will allow the Company to offer up to C$600 million of subordinate voting shares, preferred shares. In addition to subscription receipts, debt securities, convertible securities, warrants, and units or any combination thereof, from time to time during the 25 months that the Shelf Prospectus is effective. The Company intends to file the Final Shelf Prospectus to maintain financial flexibility, including responding to significant regulatory improvements and pursuing opportunistic acquisitions.
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Back on November 20th, the company announced the closing of a $58.7 million debt refinancing.
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Words From The CEO
“I am delighted to announce the closing of this debt refinancing, which will generate significant cash savings,” said Jon Levine, MariMed’s Chief Executive Officer. “Securing a lower rate, when interest rates continue to rise, is the result of the financial discipline we have displayed over the past decade.”