Marijuana stocks have been on the rise in recent years as more and more states legalize the recreational and medicinal use of marijuana. The industry is expected to continue to grow, and investors are eager to get in on the action. However, there are a few things to consider before buying stocks of marijuana.
First, it is important to research the company you are going to invest in. Make sure you understand its business model and finances. Second, keep an eye on the overall market. Marijuana stocks can be volatile, so it’s important to monitor trends to make informed decisions about when to buy and sell.
Finally, don’t forget to diversify your portfolio. Marijuana stocks can be a very interesting investment right now, but remember that no sector can be foolproof. By diversifying your investments, you can protect yourself from market fluctuations and ensure that you get the best possible return on your investment. With that being said, check out these three best marijuana stocks in the Stock exchange this week.
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1. Curaleaf Holdings (CURLF shares)
First, let’s take a look Curaleaf Holdings Inc. (CURLING). In short, Curaleaf is an international supplier of consumer cannabis products. For a sense of scale, currently, across the US, Curaleaf operates in 21 states with 142 dispensaries, and 26 cultivation sites, while employing more than 6,000 team members. Moreover, the company is the largest vertically integrated cannabis company in Europe.
CURLF Latest stock news
Curaleaf announced earlier this month that it will report financial and operating results for the third quarter of 2022. In detail, the cannabis company is scheduled to report third quarter 2022 results on November 7, 2022 after the stock market closes. While we wait, let’s recap the company’s Q2 2022 performance. Specifically, for Q2 2022, the company reported $338 million in revenue.
CURLF stock chart
Curaleaf shares have recovered 10.02% over the past month of trading. Meanwhile, CURLF shares were up another 3.20% on Monday afternoon, trading at $5.44 per share.
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2. Cresco Labs (Share CRLBF)
Next, Cresco Labs Inc. (CRLBF) is one of the largest vertically integrated multi-state cannabis operators in the United States. In addition, the company is the largest wholesaler of branded cannabis products in the United States.
Latest CRLBF stock news
Just last week, Cresco Labs announced that it will report financial results for the third quarter ended September 30thousand2022 on Tuesday, November 15thousand, 2022 before the market opens. To recap, Cresco Labs reported $218 million in Q2 2022 revenue, with $95 million in wholesale revenue. Moreover, the company ended Q2 2022 with $90 million in cash.
CRLBF stock chart
Continuing, Cresco Labs stock has recovered 21.40% over the past month. Shares of CRLBF traded up another 7.83% on Monday afternoon and are currently trading at $3.29 per share.
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3. Trulieve Cannabis (stock TCNNF)
Closing this list, Trulieve Cannabis Corp. (TCNNF). For the uninitiated: Trulieve is a vertically integrated cannabis company and multi-state operator in the US. In addition, the cannabis company has established centers in the Northeast, Southeast and Southwest, anchored by leading market positions in states such as Arizona, Florida and Pennsylvania.
Latest TCNNF stock news
Earlier this month, Trulieve Cannabis, in collaboration with Wiz Khalifa, announced the launch of Khalifa Kush Cannabis in Florida. This is an exclusive partnership with GRAMMY® and Golden Globe® nominated multi-platinum recording artist Wiz Khalifa.
In addition, Trulieve CEO Kim Rivers commented: “Trulieve is honored to have the iconic Wiz Khalifa as its exclusive partner in Florida to curate and promote his unique product line. As an artist, he has such a strong vision of how he wants to express himself. Together, we’ve created a line of products that offer Florida patients best-in-class cannabis and represent the passion and creativity that Wiz Khalifa is known for.“
TCNNF stock chart
Shares of Trulieve Cannabis are up 36% in the last month of trading. Meanwhile, shares of TCNNF traded up 6.94% during the midday trading session on Monday, hitting $11.55 a share.
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