Changes in US cannabis policies could trigger upward movement for a number of stocks
Earnings season is already on the horizon and that means that financial analysts in the marijuana sector are preparing to make their respective valuations and set certain forecasts for the new year. These experts have already conducted several studies on the marijuana stocks with the most potential at the moment. Without a doubt, they are the ones that every investor should pay attention to.
Ayr Wellness is a smart pick for many, especially given its strong foothold in a market like Florida. In the second quarter, the company had revenue that increased to $110.1 million, up 20.6% year-over-year and down 1% compared to the first quarter of 2022.
Another marijuana stock with solid growth, according to several analysts in this state, is Curaleaf. This company has a market cap of $3.89 billion. Its 17 stores in total have given it clear recognition in several markets. Among its recent highlights was a positive EBITDA of $86.17 million, representing an increase of 18% sequentially and 2% year-over-year.
Finally, Village Farms International, a company that, together with its subsidiaries, markets, produces, and distributes greenhouse-grown tomatoes, peppers and cucumbers in North America. The firm recently said it was recognized as one of Canada’s leading cannabis companies. Its marijuana operations posted an operating profit of nearly $5.3 million in the second quarter,
All these stocks show a strong commitment to growth, which is why they are among the analysts’ favorites. Investing in them can mean big gains now that 2023 and a lot of possible good news in the industry are ahead.