The Best Marijuana Stocks To Buy Now? 4 for your list next week
Main cannabis stocks in the fourth quarter of 2021
Looking for the best stocks of marijuana to buy in November? To close the first week of November, the main cannabis stocks in which to invest began to show a significant rise in the market. This is in part because of Republican-led legislation that would end the cannabis ban at the federal level. In general, the State Reform Act is led by Representative Nancy Mace and a project is currently circulating to gain support from lawmakers.
Marijuanastocks.com – MarijuanaStocks
In 2021, cannabis investors expected the federal legalization of marijuana to take place earlier in the year. Specifically, delays in Congress on the matter have left the wealthier stocks trading at much lower prices right now. For new investors, this could be an opportunity to find marijuana stocks at some of the lowest prices seen this year. Making a list of the best cannabis stocks and tracking their performance in the market can help you establish profitable positions in the cannabis industry.
Additionally, reviewing a company’s financial results and press releases can help you find the best companies to invest in. Right now, some cannabis companies have significantly increased their revenues year over year. These cannabis companies could continue to grow at a rapid rate.
Investing in pot stocks showing momentum
With the cannabis sector showing bullish momentum to close last week’s trade, top performing companies could offer future value to investors. In 2021, the best cannabis stocks to buy showed significant market volatility. Many investors take advantage of market volatility by using short-term trading methods to secure returns.
[Read More] 5 Best Marijuana Stocks for Your Watchlist Week 2 of November
Usually these traders use day trading and swing trading methods to establish gains on marijuana penny stocks. For the long-term investor, there are some of the best marijuana stocks that could offer long-term profits and dividends. Let’s take a look at the 4 best cannabis stocks for your watchlist next week.
Best Marijuana Stocks To Watch With The Fastest Income Growth
- Rouge Blanc & Bloom Brands Inc. (OTC: RWBYF)
- Ascend Wellness Holdings, Inc. (OTC: AAWH)
- NewLake Capital Partners, Inc. (OTC: NLCP)
- Jushi Holdings Inc. (OTC: JUSHF)
Rouge Blanc & Bloom Brands Inc.
Red White & Bloom Brands Inc. is a company that positions itself as one of the leading multi-state operators in the US cannabis market. In general, the company is expanding into the legal cannabis and hemp markets with outlets in Michigan, Illinois, Massachusetts, Arizona, Florida and California. RWB has acquired all of the Florida operations of Acreage Holdings Inc. (OTC: ACRHF). As a result, RWB will have 8 retail stores in prime locations in Florida, or 114,000 SQ. facility within walking distance, and a 400 Sq. office building within walking distance. In August, the company completed the acquisition of a 45,000 square foot greenhouse on 4.7 acres in Florida. The acquisition adds short-term cultivation capacity as the company works on its 114,000 square foot facility in Sanderson, Florida.
Primarily, RWB released its second quarter 2021 results with adjusted revenue of $ 58.5 million for the first six months of 2021. The company achieved revenue of $ 13.3 million in second quarter of 2021, up from $ 11.8 million in the first quarter of 2021. As a result, gross profit was $ 9.5 million in the second quarter of 2021. In September, RWB appointed Ryan Costello to the board of administration for his experience in US government regulatory policy. RWBYF stock trades at $ 0.51 on November 5e down 27.04% last month.
Ascend Wellness Holdings, Inc.
AWH is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts and New Jersey. Primarily, AWH owns and operates state-of-the-art cultivation facilities, grows award-winning varieties and produces an organized product selection. In retail, the company manufactures and distributes Ozone branded products. Currently, the company’s cannabis product categories include flowers, pre-rolls, concentrates, vapes, edibles and other cannabis related products. AWH operates 17 retail outlets and sells its products to third-party licensed cannabis retail stores. In October, ascend expands its vertically integrated presence in Ohio. AWH released its financial results for the second quarter of 2021 with net sales of $ 83.4 million, up 26.1% sequentially. Overall, the company has raised its net revenue forecast for the year 2021 to $ 330-350 million.
AWH incurred a net loss of $ 44.9 million in the second quarter of 2021, primarily due to non-cash interest charges of $ 32 million related to the company’s IPO in May 2021. From Plus, AWH announced that it has brought the legendary Lowell Smokes brand pre-rolls from Lowell Farms. Inc. (OTC: LOWLF) in the Massachusetts market. The company is expected to release its results on November 11e after the market closes. AAWH stock trades at $ 7.15 on November 5e down 23.44% last month. According to CNN Business analysts, AAWH stock has a 12-month median price forecast of $ 16.00 per share. Essentially, that would represent a 123.78% rise from its current trading price.
NewLake Capital Partners, Inc.
NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple net leasehold REIT that acquires industrial and commercial properties through sale and leaseback transactions, third party purchases and custom construction projects. Currently, its tenants are among the major operators of the US state-licensed cannabis industry and it is a trusted partner for their real estate needs. The company announced its financial results for the second quarter and the first half of 2021 to investors. In the second quarter, NewLake reported revenue of $ 6.7 million, compared to $ 2.1 million year-over-year. Additionally, the company declared $ 0.12 per share for shareholders of record as of August 11.e.
The company will primarily use the net proceeds to acquire the company’s target assets. Currently, NewLake Capital has over $ 325 million in assets, over $ 110 million in cash, and a portfolio of 27 properties in 10 states. In general, the company has 17 dispensaries and 10 cultivation facilities. Currently, NewLake Capital has tenants including Curaleaf Holdings, Inc. (OTC: CURLF), Cresco Labs Inc. (CRLBF), Trulieve Cannabis Corp. (OTC: TCNNF) and Columbia Care Inc. (CCHWF).
Jushi Holdings Inc.
Jushi Holdings Inc. is a cannabis and hemp company expanding its presence in the medical and recreational cannabis markets in the United States. In general, the company builds a portfolio of assets derived from branded cannabis and hemp for the US market. Currently, Jushi operates 26 dispensaries under the BEYOND / HELLO brand across the country. Additionally, Jushi has 31 retail licenses in the United States, and its national brand of Beyond / Hello cannabis dispensaries continues to grow online and in-store. On October 21, 2021, the company announced that it had secured a $ 100 million acquisition facility from Sunstream Bancorp Inc. In addition, the company opened its 2sd point of sale in Virginia.
Jushi released its second quarter 2021 results with revenue of $ 47.7 million, up 14.6% sequentially. In detail, the company achieved net income of $ 4.8 million and adjusted EBITDA of $ 4.6 million. As a result, Jushi recorded gross profits of $ 21.9 million and a 193.7% year-over-year increase. In addition, the company has launched new branded cannabis products in the Commonwealth of Virginia. Jushi will launch its brand The Lab, vaporizable cartridges, and Tasteology its chewable range. Closing of the JUSHF title on November 5e to $ 3.62, down 6.94% last month. According to analysts at Tip Ranks, JUSHF stock has a 12-month average price target of $ 6.56 per share. Essentially, that would be an 81.14% rise from its last stock price of $ 3.62.