Investors should keep their eyes on these companies as additions to their portfolios
Volatile trading has been present within the cannabis market for approximately the last six months. Behaviors such as these have had their positive and negative factors. As is now clear, in the face of falling prices in the markets, there are plenty of opportunities to make smart purchases. This serves either to reduce the cost of your position or to make significant gains over time. Making decisions in this sector can be tricky, so you should do everything you can to put yourself in the best position to achieve positive results.
Acreage Holdings could be a company that can open an easy path to real profits. The company, formerly known as High Street Capital Partners, is considered one of the leading investment firms. Its area of expertise is in the marijuana industry.
This is one of the companies in the sector that have shared the numbers for the second quarter of this year. The report showed consolidated revenues were $61.4 million for the second quarter of 2022, an increase of 39% year over year. Adjusted EBITDA was $10.4 million in the second quarter of 2022, a positive jump compared to $8.1 million in the second quarter of 2021 and $8.6 million in the first quarter of 2022.
On the other side is Lowell Farms, a company that focuses on the extraction, cultivation, manufacture, sale, distribution and marketing of marijuana products to retail dispensaries in California. Having major operations in the Golden State is a great value point for many firms today.
The company also released its results for the last quarter. The report showed revenue generated for the three months ended June 30, 2022, was $13.2 million, up 6% sequentially and down 13% from the second quarter of 2021.