Here Are 3 Top Marijuana Stock For Your Portfolio

Here Are 3 Top Marijuana Stock For Your Portfolio

Here Are 3 Top Marijuana Stock For Your Portfolio

Ready To Invest? 3 Marijuana Stocks To Watch Now

Marijuana stocks are still feeling the impact of what this year has brought so far. To be more specific it’s the ongoing battle with federal reform and industry regulatory concerns, on top of the progress of companies making large amounts of revenue. This has created a sector of speculation and uncertainty. The speculation comes from the success and grey area from which the industry operates. Now the uncertainty is due to the lack of better laws although the DEA is preparing to reschedule cannabis.

This as well has caused a frenzy both in the market and among industry peers. At this time finding the top marijuana stocks to buy is seen as a long-term investment. Yet when a volatile rise occurs this could be a means to take some profit. Even as money is being made the cannabis industry has many long-term potentials. Essentially cannabis is becoming more widely accepted and viewed as less taboo.

More than 50% of the USA has already established fully operational markets. As well as several other regions outside of the United States. Learning about investing and what is going on with companies inside of the sector can be an asset. The more you know the better you can prepare and the better odds at seeing a profit. Below are several marijuana stocks to watch as more speculative investing takes place.

Top Marijuana Stocks For You Today

  1. Cansortium Inc. (OTC:CNTMF)
  2. Glass House Brands Inc.(OTC:GLASF)
  3. StateHouse Holdings Inc.(OTC:STHZF)

Cansortium Inc.

Cansortium Inc., through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. In recent news, the company reported its first quarter 2024 results. CNTMF

Q1 2024 Highlights

  • Revenue increased 14% to $25.2 million compared to $22.1 million.
  • Florida revenue increased 16% to $21.1 million compared to $18.2 million.
  • Adjusted gross profit1 was $12.3 million or 48.6% of revenue, compared to $10.2 million or 46.4% of revenue.
  • Adjusted EBITDA was $6.8 million compared to $5.8 million, with the increase primarily driven by higher sales in Florida.
  • Cash flow from operations for the three months ended March 31, 2024 was $4.1 million compared to $5.1 million in the prior year.
  • At March 31, 2024 the Company had approximately $8.5 million of cash and cash equivalents and $62.9 million of total debt, with approximately 300 million shares outstanding.

Glass House Brands Inc.

Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. GLASF

Recently the company announced that board member Jamie Mendola will be stepping down when asked why the response was due to the time requirements of his increasing professional commitments.

[Read More] June 2024 Watchlist: Leading US Cannabis Stocks

Words From The Company

“On behalf of the Board and the entire team, I want to thank Jamie for his service and contributions to Glass House Brands,” said Kyle Kazan, Co-Founder, Chairman and CEO of Glass House. “As the Co-Founder and Head of Strategy and M&A at Mercer Park Brand Acquisition Corporation, Jamie played a pivotal role in the investment and due diligence efforts which culminated in Mercer Park and Glass House Brands coming together.”

[Read More] Top Marijuana Stocks For June 2024

StateHouse Holdings Inc.

StateHouse Holdings Inc., an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. On May 8th the company announced a receipt of failure to file a cease trade order.

The Ontario Securities Commission (the “OSC”) has issued a failure to file a cease trade order (“FFCTO”) prohibiting the trading by any person of any securities of the Company in Canada. Which includes trades in the Company’s common shares made through the Canadian Securities Exchange.

The post Here Are 3 Top Marijuana Stock For Your Portfolio appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.


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June 7, 2024 at 09:22AM

June 7, 2024 at 09:26AM
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