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3 Marijuana Stocks To Watch Today
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Here Are The Top Marijuana Stocks For September Trading
Investing in marijuana stocks offers an attractive opportunity as the cannabis industry expands globally due to increasing legalization. The growing approval and legal status of cannabis, both for medical and recreational use, create a fruitful ground for investment. With more people embracing legalization, the market for cannabis products broadens, potentially driving significant revenue and profit growth for companies. Especially those involved in various stages of the supply chain, from cultivation to retail.
Finding the right marijuana stocks to buy in this current market climate comes with some challenges. Mainly due to the volatility that has plagued most marijuana stocks in the market. Nevertheless, many have adapted and have used speculation and volatility in their favor. In a volatile market, it is important to focus on companies with strong fundamentals. This should be things like solid management, competitive positioning, and sound financial health.
Positive regulatory developments, such as new legal markets or favorable legislation, can significantly impact stock prices, providing further investment opportunities. Additionally, intense competition within the industry and broader economic conditions, such as recessions or shifts in consumer spending, can affect stock performance. Conducting thorough research and maintaining a long-term investment perspective can help navigate these opportunities and challenges, making informed investment decisions in the cannabis sector. The companies mentioned below are a few marijuana stocks to watch this month.
Top Marijuana Stocks For Your 2024 Portfolio
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Ayr Wellness Inc. (OTC:AYRWF)
- Glass House Brands Inc. (OTC:GLASF)
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery.
In recent news, the company announced it has opened a relocated dispensary in Tucson, Arizona. The new Menlo Park location at 1010 S Freeway #130 will host a grand opening celebration starting at 8 a.m. Friday, September 13, with partner giveaways, DJs, special discounts and more.
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. On August 23 the company expands its retail footprint in Florida with 2 new dispensaries. 
Words From The Company
“We are proud to expand our ability to serve medical patients in these key areas of Florida,” said Sevi Borrelli, SVP, General Manager, Florida at AYR. “With soon to be 66 locations statewide, we continue to elevate our presence, making the AYR dispensary brand ubiquitous to patients throughout the state of Florida.”
[Read More] Top Ancillary Cannabis Stocks to Keep on Your Radar in September
Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. 
The company operates in three segments: Retail; Wholesale Biomass; and Cannabis-Related Consumer Packaged Goods. Back in August, the company reported a record-setting Q2 2024 financial results.
[Read More] 2 Marijuana Stocks To Buy If For New Cannabis Investors
Second Quarter 2024 Highlights
- Net Revenue of $53.9 million, an increase of 21% from $44.7 million in Q2 2023 and up 79% sequentially from $30.1 million in Q1 2024.
- Gross Profit was $28.7 million, compared to $24.4 million in Q2 2023 and $12.5 million in Q1 2024.
- Gross Margin was 53%, compared to 55% in Q2 2023 and 42% in Q1 2024.
- Adjusted EBITDA1 was $12.4 million, compared to $9.5 million in Q2 2023 and $(1.6) million in Q1 2024.
- Operating Cash Flow was positive $8.9 million, compared to $8.3 million in Q2 2023 and negative $1.9 million in Q1 2024.
- Equivalent Dry Pound Production2 was 149,717 pounds, up 45% year-over-year;
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September 4, 2024 at 09:51AM
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