The best marijuana stocks to watch in December

It is possible that marijuana stocks are starting to see a rally in trade. The reason is the possible adoption of a new defense bill. What makes this legislation so important is that it contains a banking measure for cannabis. So, as history has shown and progressive news on federal reform created an influx of trading for marijuana stocks. Now, right now, a big push to end the cannabis ban is here. However, the problem now is that each political party is trying to get its version across.

This alone has played a role in the recent decline of the industry. However, with the defense bill soon to be voted on by the Senate, cannabis stocks could soon see another strong recovery. In early November, a lot of positive news emerged regarding the reform.

As well as companies that publish their recent financial results. Which for most cannabis companies generated good profits. This helped the sector to see consistent bullish trading during the first 2 weeks of the month. Once news broke of further heists with the end of the cannabis ban, marijuana stocks plummeted again.

Marijuana stocks and new trading week

Nonetheless, with a new week about to begin, there is still time to find the best cannabis stocks to buy. With the weakness in the sector, many are gearing up by adding so many new cannabis stocks to their portfolios. The anticipation is that once the reform is adopted, a race will be launched even if this possible race is not set in stone. Still, you don’t want to invest blindly, so the best way not to do that is to do your due diligence. The more you know about the industry and the company, the more likely you are to make a good return on your investment. Below are a few cannabis stocks to watch in December that may rise soon.

The best marijuana stocks to watch in 2021

1. Green Thumb Industries Inc. (OTC: GTBIF)
2. Greenlane Holdings, Inc. (NASDAQ: GNLN)
3. Planet 13 Holdings Inc. (OTC: PLNHF)

Green Thumb Industries Inc.

Green Thumb Industries Inc. manufactures, distributes and sells various cannabis products for medical and adult use in the United States. It offers cannabis flowers; and processed and packaged products. On November 11, the company released its report on third quarter 2021 results. At the time, the company’s revenue grew 5.3% sequentially and 48.7% year-on-year for reach $ 233.7 million.

Another highlight is that this is the 5th consecutive quarter of positive GAAP net income, at $ 20.2 million. In addition to being the seventh consecutive quarter of positive cash flow for the company. That comes from operations, delivering $ 82.8 million to date. As the company continues to show its progress, more and more people are monitoring this stock of marijuana.

Company words

“Green Thumb paves the way for strong growth in 2022, 2023 and beyond. Our net capital expenditures exceeded $ 70 million in the third quarter, bringing cumulative net investments to over $ 115 million. Today, the US cannabis market is worth $ 24 billion. industry and we believe that as new states, new products and new consumers enter the market, it may triple over the next decade, ”Kovler concluded.

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Greenlane Holdings, Inc.

Greenlane Holdings, Inc. sells cannabis accessories, child resistant packaging and specialty vaporizers in the United States, Canada, Europe, Australia and South America. In the latest news, Greenlane announced the completion of its acquisition of Davinci. This company will strengthen its portfolio of proprietary brands with higher margins. DaVinci, a leading developer and manufacturer of premium portable vaporizers.

The company is expected to generate approximately $ 12 million in revenue with gross margins of 60% in 2021. The acquisition is expected to be immediately accretive to Greenlane’s revenues and profits. The total consideration for the acquisition will be $ 20 million. This consisted of both cash and stocks, depending on the achievement of certain performance-based price supplements.

CEO’s words

“We are delighted to complete a new acquisition of an innovative, high growth, high growth ancillary brand that significantly enhances our portfolio of exclusive brands,” said Nick Kovacevich, CEO of Greenlane.

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Planet 13 Holdings Inc.

Planet 13 Holdings Inc., a cannabis company, cultivates, produces, distributes and markets cannabis and cannabis-infused products and related products for the medical and retail cannabis markets in Nevada, United States. The company recently released its third quarter financial results. During this period, revenues were $ 33.0 million compared to $ 22.8 million, an increase of 45%. Additionally, the company’s gross profit before biological adjustments was $ 17.6 million.

Which compares to $ 13.0 million or 56.9%. Planet 13 Operating expenses, excluding non-cash compensation expense and depreciation and amortization, were $ 15.1 million. Again, that from $ 7.2 million, a 110% increase. Another highlight is the company’s adjusted EBITDA of $ 3.6 million. This contrasts with adjusted EBITDA of $ 6.4 million.

Words from Planet 13 Holdings Inc.

“We continued to deliver strong performance in the quarter through our core Las Vegas operations,” said Larry Scheffler, co-CEO of Planet 13. “In addition to our dispensary operations, our product brands are growing. well, Trendi vapes recording sales of 110% in dollars. year-over-year growth according to Headset. It now accounts for around 5% of vape sales and 7% of concentrate sales and HaHa edibles accounted for around 14% of edibles sales in the state.

Article 3 Best Marijuana Stocks To Watch Before Christmas Appeared First On Marijuana Stocks Cannabis investments and news. Roots of a budding industry. (TM).

COMTEX_398353289 / 2683 / 2021-12-05T14: 43: 46

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