2 marijuana stocks to watch this week

Watch List of Top Marijuana Stocks for This Week

The big goal for marijuana stocks is to figure out how to maintain a better trade. Right now, many are still buying marijuana stocks based on speculation. Many believe that better exchanges are on the way. So far in 2022, there has been more market action for marijuana stocks than in 2021. Even though the sector is trading at a lower average. Speculation about what will happen with the battle to end cannabis prohibition drives this top-down trade.


Marijuanastocks.com – MarijuanaStocks

When the need for it is published, most of the time the industry seems to increase its trade. Yet after the passage of the MORE Act, House marijuana stocks did not respond as well as before. Some investors believe fundamental trading could make a comeback. At one point, many marijuana stock investors were buying and selling based on what the company was doing off the market.

For example, if a certain marijuana company reported a loss or something that impacted operations, that can be a deciding factor to invest or not. Yet 2023 has just begun and many businesses have yet to come to fruition. Companies that could help see the sector develop. Now, it’s not promised but a lot of potentials are being made. So for those looking for the best marijuana stocks to buy this week, this could be a good opportunity.

Trading Marijuana Stocks in a Volatile Market

The sector facing a decline today could be a chance to add some good companies to your investment portfolio. Just be sure to do your research beforehand. Most marijuana stocks are incredibly volatile, meaning they can go up or down without warning. Yet with all the progress and growth in the market, it gives more people reason to invest.

Top Marijuana Stocks to Watch Right Now

  1. Greenlane Holdings, Inc. (NASDAQ: GNLN)
  2. Grow Generation Corp. (NASDAQ: GRWG)

Greenlane Holdings, Inc.

Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vaping solutions and lifestyle products in the United States, Canada and Europe. It operates through two segments, consumer goods and industrial goods. In recent news, the company announced record revenue of $56.0 million in the fourth quarter of 2021. That’s up 54% year-over-year. Total revenue for the fourth quarter of 2021 increased 54% to $56.0 million from $36.3 million for the fourth quarter of 2020.

LNGN

Total revenue for 2021 increased 20.1% to $166.1 million, compared to $138.3 million for 2020. Sales of Greenlane brands increased 16.9% to 7, $4 million, or 13.2% of total revenue, in the fourth quarter of 2021, compared to $6.3 million, or 17.5% of total revenue. for the fourth quarter of 2020. Greenlane Brands sales increased 52.3% to $34.8 million, or 21.0% of total revenue, in 2021 from $22.8 million, or 16.5% of total turnover, in 2020.

Company words

“2021 has been one of the most pivotal years in Greenlane’s 17-year history,” said Nick Kovacevich, CEO of Greenlane. “Not only have we completed our transformational merger with KushCo, creating the industry’s leading ancillary cannabis company and brand house, but we have also strengthened our Greenlane brand portfolio with the acquisitions of Eyce and DaVinci, which which gave us a solid platform to go into the new year. .

[Read More] Are Marijuana Stocks a Buy Ahead of Possible Cannabis Reform? 3 to watch in April

Grow Generation Corp.

GrowGeneration Corp., through its subsidiaries, owns and operates hydroponic and organic gardening retail stores in the United States. It is engaged in the marketing and distribution of nutrients, growing media, state-of-the-art indoor and greenhouse lighting, environmental control systems, vertical benches and accessories for hydroponic gardening, as well as other indoor and outdoor growing products.

GRWG

On March 1, the company released its record financial results for the fourth quarter and full year 2021. Some highlights are revenue rose 46% to $90.6 million in the fourth quarter and increased 119% to $422.5 million for the full year of 2021. Net income for the full year was $12.8 million, compared to prior year net income of 5.3 millions of dollars. Additionally, the company posted a net loss of $4.1 million in the fourth quarter, compared to a net profit of $1.5 million a year earlier.

[Read More] Are major Canadian stocks a buy now? How Active Traders Are Day Trading Volatility

Additionally, the company’s adjusted EBITDA was a loss of $1.9 million for the fourth quarter. But rose 82% to $34.5 million for the full year of 2021. The company expects full-year 2022 revenue of between $415 million and $445 million with an adjusted EBITDA of 30 at $35 million. The Company plans to open 15 to 20 new GrowGeneration garden centers in 2022.

About Charles Holmes

Check Also

Instagrammer DesignerMumEtc Belle Rogers shows how she transformed her Newark garden on a shoestring budget

A savvy mum has shared how she transformed her garden and built a stunning outdoor …