3 Marijuana Stocks For You To Watch Today

Industry Overview - The cannabis industry is experiencing significant growth, attracting more investors due to increasing public approval and legalization measures in regions like the USA, Europe, and Canada [1][2] - The landscape for cannabis stocks is complex and unpredictable, with volatility creating small windows for profit-taking [2] Investment Strategy - Preparation is essential for investing in marijuana stocks, including building a watchlist and developing a trading plan to improve the odds of better gains [3] Company Highlights Trulieve Cannabis Corp. - Trulieve reported Q3 2024 revenue of $284 million, a 3$173 million, but reported a net loss of $60 million [5] - Adjusted EBITDA was$96 million, representing 34% of revenue, up 24% year over year [5] Jushi Holdings Inc. - Jushi reported total revenue of $61.6 million for Q3 2024, with a gross profit of$28 million and a gross profit margin of 45.4% [8] - The company experienced a net loss of $16 million and an adjusted EBITDA of$10.3 million, with an adjusted EBITDA margin of 16.8% [8] - Cash and cash equivalents stood at $22.9 million at the end of the quarter, with net cash flows from operations of$2.4 million [8] Greenlane Holdings, Inc. - Greenlane focuses on the development and distribution of cannabis accessories and vape devices across the US, Canada, and Europe [9] - The company has made significant updates, including a non-binding letter of intent to distribute Curb Lifestyle, Inc. and an exclusive distribution agreement with Safety Strips Tech Corp. for detection test strips in the US [10]