Top Marijuana Stocks To Watch On A Friday

Cannabis Investing: 3 Marijuana Stocks That Could See Better Momentum

Marijuana stock investors are always looking for the next opportunity. Now may be a good time to begin learning about the cannabis sector. 2024 is showing promise to be a strong year for both cannabis businesses and marijuana stocks. The cannabis sector has been through volatile and pivotal points over the last few years. Specifically, there has been an increase in unpredictable trading patterns often resulting in a lack of upward momentum.

Yet as far as business goes some companies have seen major progress and success. From this, there have been more people looking for the best marijuana stocks to buy. Especially before federal reform gets passed. Many feel once federal reform becomes law it will ease the level of volatility. Some still feel that the federal government will come in a shut down the industry. But that is unlikely to happen as over half of the US has established a legal cannabis market.

The amount of tax revenue being made in each legal state is too high for political figures to stop it. So if you are interested in investing take the steps to learn and research marijuana stocks and the cannabis industry. The companies below are just several marijuana stocks to watch today.

Top Marijuana Stocks To Watch Today

  1. Greenlane Holdings, Inc. (NASDAQ:GNLN)
  2. High Tide Inc. (NASDAQ:HITI)
  3. Gold Flora Corporation (OTC:GRAM)

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. GNLN

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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.

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High Tide Inc.

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. Recently the company announced their upcoming participation in cannabis investment and B2B conferences.

HITI Stock

This includes the International Cannabis Business Conference (ICBC) in Berlin, Germany. Plus the Benzinga Cannabis Capital Conference in Hollywood, Florida.

Gold Flora Corporation

Gold Flora Corporation engages in the cultivation, manufacturing, extraction, distribution, and retailing of cannabis products in California.

It offers disposable vape pens and gold flora flowers. On April 5th the company reported its Q4 and full 2023 financial results.

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Q4 and FY 2023 Financial Highlights

  • Total revenue was $28.4 million for Q4 2023 and $91.0 million for FY 2023.
  • Q4 2023 gross profit of $13.2 million, representing a 46% gross margin. FY 2023 gross profit was $32.5 million, representing a 36% gross margin.
  • Net loss of $(42.2) million for Q4 2023 and $(42.7) million for FY 2023.
  • Adjusted EBITDA1 of $0.11 million for Q4 2023 and negative $(1.4) million for FY 2023.
  • Cash and cash equivalents totaled $22.5 million as of December 31, 2023.
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The post Top Marijuana Stocks To Watch On A Friday appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

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