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3 Marijuana Stock To Buy This Week?
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Here Are Top Marijuana Stocks For Investors Right Now
Marijuana stock investors are still facing an uphill climb for better momentum. It seems that the extreme volatility has become a concern for investors. For some time there has been a void in consistent upward trading. Even with the cannabis industry flourishing as a whole much of the public sector does not share the same success. Currently, cannabis is still federally illegal, and for some, this is still an issue that impacts marijuana stocks.
The overall path for legal cannabis is looking good even with marijuana stocks facing a downtrend. But for some, this is an opportunity as the sector continues to expand. Right now could be the time to start looking for top marijuana stocks to buy. One of the things about volatility is the right catalyst can bring the sector’s trading back up. Which does happen under the right circumstances usually involving laws or politcs regarding cannabis.
If you are looking to invest best way to get started is to educate yourself. Begin by learning about the companies that make up the cannabis sector. Watch the ones that trade better and what could impact trading for that company. Once you feel confident in your due diligence then you can begin investing. Just be sure to know your risk and always have a game plan that helps you reach your profit goals. Below are several marijuana stocks to watch in today’s market.
Top Marijuana Stocks For You
Trulieve Cannabis Corp. (OTC:TCNNF)
Green Thumb Industries Inc. (OTC:GTBIF)
Cresco Labs Inc. (OTC:CRLBF)
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 is preparing for the opening of a new Trulieve dispensary. On December 6th the company will be opening its doors in Jacksonville Florida.
Words From The Company
“We are committed to providing value, delivering quality, and helping our customers enhance their lives through cannabis,” said Trulieve’s Chief Executive Officer Kim Rivers. “We are excited to serve northern Duval County patients and caregivers at this new location.”
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult use in the United States. 
It operates through two segments, Retail and Consumer Packaged Goods. Recently the company has expanded its national retail footprint to over 100 stores nationwide with the opening of RISE Carson City.
Words From The CEO
“It is a historic day at Green Thumb as we open our 100th and 101st RISE Dispensaries, serving more patients and customers on their journey to well-being than ever before,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler.“
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Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. 
Back on November 8th, the company reported its Q3 2024 earnings. During this time a big key moment was demonstrating the success of a positive cash flow strategy.
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Third Quarter 2024 Highlights
- Third quarter revenue of $180 million.
- Gross profit of $93 million. Adjusted gross profit1 of $95 million; and an Adjusted gross margin1 of 53% of revenue, a 250 bps improvement year-over-year.
- SG&A of $57 million. Reduced Adjusted SG&A1 by 6% year-over-year to $53 million, or 30% of revenue.
- Net loss of $8 million.
- Third quarter Adjusted EBITDA1 of $51 million, up 5% year-over-year; and
- Adjusted EBITDA margin1 of 29%, a 280 bps improvement year-over-year.
- Record third quarter operating cash flow of $49 million and Free Cash Flow1 of $43 million.
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November 25, 2024 at 09:01AM
November 25, 2024 at 09:01AM
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