Industry Overview - Marijuana stocks are expected to see increased trading activity due to potential federal reform efforts, with historical trends indicating that news about new bills often leads to improved trading conditions [1][2] - The cannabis industry is anticipating more multi-state operators (MSOs) entering new legal markets as several states prepare to vote on cannabis legalization [2] Company Highlights - Jushi Holdings Inc. is a vertically integrated cannabis company involved in cultivation, processing, retail, and distribution for both medical and adult-use markets [4] - Greenlane Holdings, Inc. focuses on the development and distribution of cannabis accessories and lifestyle products across the U.S., Canada, and Europe, operating in Consumer Goods and Industrial Goods segments [6] - Green Thumb Industries Inc. manufactures and sells cannabis products for medical and adult use, operating through Retail and Consumer Packaged Goods segments [10] Financial Performance - Jushi Holdings reported total revenue of $61.6 million for Q3 2024, with a gross profit of $28.0 million and a gross profit margin of 45.4%. The company experienced a net loss of $16.0 million, with an adjusted EBITDA of $10.3 million and an adjusted EBITDA margin of 16.8% [8] - As of the end of the quarter, Jushi Holdings had cash, cash equivalents, and restricted cash totaling $22.9 million, with net cash flows from operations amounting to $2.4 million [8] Compliance and Future Events - Greenlane Holdings announced it has regained full compliance with Nasdaq Listing Rule 5605(c)(2), ensuring it meets all continued listing requirements [10] - Green Thumb Industries is set to hold a Q4 and full-year 2024 earnings conference call on February 26, 2025, at 5:00 p.m. Eastern Time [12]

Industry Overview - The cannabis industry is experiencing significant volatility due to the lack of federal legalization and varying state regulations, which creates a "grey area" for legal operators [2][3] - Despite these challenges, there is a strong focus on the future, with investors looking at cannabis stocks as long-term opportunities [3] Key Companies to Watch - **Greenlane Holdings, Inc. (NASDAQ: GNLN)**: Engages in the development and distribution of cannabis accessories and lifestyle products, recently diversifying its product offerings to include health safety products [4][5] - **Verano Holdings Corp. (OTC: VRNOF)**: Operates as a vertically integrated multi-state cannabis operator, recently expanding its retail footprint with the opening of Zen Leaf Mount Holly, bringing its total to 153 retail locations nationwide [8][9] - **Jushi Holdings Inc. (OTC: JUSHF)**: A vertically integrated cannabis company involved in cultivation, processing, and retail, reported Q3 2024 financials with total revenue of $61.6 million and a net loss of $16.0 million [10][11] Financial Highlights - **Greenlane Holdings**: Continues to diversify its product line, indicating a strategic response to market demands and potential geopolitical concerns [6] - **Jushi Holdings**: Reported a gross profit of $28.0 million with a gross profit margin of 45.4%, and an adjusted EBITDA of $10.3 million, reflecting operational performance amidst market challenges [11]

Industry Overview - Cannabis reform significantly influences the trading of marijuana stocks, with both positive and negative impacts on consumers and business owners [1][2] - The lack of federal reform is a primary cause of volatility in the cannabis sector, despite billions in revenue from legal cannabis [2] - The long-term investment strategy is recommended for those interested in marijuana stocks, even amid current market volatility [3] Company Highlights - **High Tide Inc. (NASDAQ:HITI)**: Engages in cannabis retail and plans to open its 75th Canna Cabana store on December 14 [4] - **Greenlane Holdings, Inc. (NASDAQ:GNLN)**: A global platform for smoking accessories and vape devices, recently began distributing Toxi Shield by Safety Strips [6][7] - **WM Technology, Inc. (NASDAQ:MAPS)**: Provides e-commerce and compliance software solutions, reported Q3 2024 net revenues of $46.6 million, a slight increase from the previous quarter [9] Financial Performance - WM Technology's Q3 2024 net income rose to $5.3 million from $1.2 million in the prior quarter, with adjusted EBITDA increasing to $11.3 million [9]

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% increase year over year, with 95% of revenue from retail sales [5] - The company achieved a gross margin of 61%, with a GAAP gross profit of $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]

Core Insights - Safe Supply Streaming Co. Ltd. is advancing its portfolio through a multi-year distribution agreement with Greenlane Holdings Inc. for Safety Strips Tech Corp.'s test strips, which are designed to detect dangerous substances like fentanyl and xylazine, addressing the opioid crisis [3][4][6] Product Overview - Safety Strips Tech Corp. specializes in medical testing technologies and harm reduction solutions, offering low-cost test strips that are ISO 13485 validated and capable of detecting trace amounts of synthetic opioids [4][6] - The testing process involves mixing a small sample with water and using the test strip for 15 seconds, with results available in approximately five minutes [5] Market Strategy - The company aims to leverage strategic partnerships and robust distribution networks to maximize the reach of its high-demand, high-margin products [1][6] - Plans are underway to explore opportunities within educational institutions and government programs to expand the impact of Safety Strips Tech Corp. [2] Management Statements - The CEO of Safety Strips Tech Corp. emphasized the growing demand for reliable and economical substance testing methods to prevent accidental overdoses and drug-related crimes [4] - The CEO of Safe Supply highlighted the unmatched quality and cost-efficiency of Safety Strips' technology, viewing the partnership with Greenlane as a cornerstone of its product expansion strategy [7] Company Background - Safe Supply Streaming Co. Ltd. focuses on harm reduction, wellness technology, and innovative solutions that address critical public health needs, aiming to enhance accessibility and awareness of products that mitigate risks associated with substance use [8]

Industry Overview - The cannabis sector has experienced a significant drop in trading recently, attributed to the failure of cannabis reform in Florida during the presidential election and Donald Trump's victory [1][2] - There is growing concern that the newly elected president may not support cannabis reform, which could increase volatility and uncertainty in the market [2] - Despite current challenges, there is optimism for future federal reform, and investors are encouraged to focus on long-term opportunities as prices in the sector are low [2] Company Highlights - **Greenlane Holdings, Inc.**: Engages in the development and distribution of cannabis accessories and lifestyle products across the U.S., Canada, and Europe. Recently announced an exclusive distribution agreement with Safety Strips Tech Corp for fentanyl and drug detection test strips in the U.S. [4][5][6] - **WM Technology, Inc.**: Provides e-commerce and compliance software solutions for cannabis retailers and brands. The company is set to report its Q3 2024 financial results on November 12 [8] - **Leafly Holdings, Inc.**: Operates a platform connecting consumers with cannabis information and brands. Recently reported Q3 2024 financial earnings, showing a revenue decline to $8.4 million from $10.6 million in Q3 2023, with a gross margin of 89% [9]

Core Viewpoint - The cannabis stock market is experiencing volatility, influenced by the upcoming election and bipartisan support for federal legalization, creating potential investment opportunities for long-term investors [1][2]. Group 1: Market Context - Cannabis investors are primarily focused on future growth, seeking top marijuana stocks to buy and hold [1]. - The current political climate, with both presidential candidates favoring legal cannabis, has significantly impacted the market [1]. - Historical context suggests that 2018 and 2019 were peak years for cannabis stocks, and the future of the market heavily relies on federal reform [1]. Group 2: Company Highlights - **Jushi Holdings Inc. (OTC: JUSHF)**: A vertically integrated cannabis company involved in cultivation, processing, retail, and distribution for medical and adult-use markets. Recently, the company announced the approval of 5,385,000 replacement options for its CEO and additional options for other executives and non-employee directors [3]. - **Greenlane Holdings, Inc. (NASDAQ: GNLN)**: Engages in the development and distribution of cannabis accessories and vape devices. The company announced a nonbinding letter of intent to distribute CURB Lifestyle, Inc.'s breakthrough inhalation device, targeting multi-billion-dollar markets including nicotine and wellness, with products expected to be available for order starting November 15, 2024 [4].

Core Viewpoint - The cannabis sector, despite its volatility, presents potential investment opportunities, particularly in specific marijuana stocks that may see improved momentum soon [1][2]. Group 1: Investment Strategies - Investors are encouraged to educate themselves about trading in the cannabis sector to better navigate its unpredictability and make informed decisions [2][3]. - Diversifying investments across various marijuana stocks can help mitigate risks and increase the chances of profitability [3]. Group 2: Company Highlights - **Greenlane Holdings, Inc. (NASDAQ:GNLN)**: Engages in the development and distribution of cannabis accessories and has recently launched a new line of safety test strips [4][5]. - **Planet 13 Holdings Inc. (OTC:PLNH)**: Focuses on cultivating and providing cannabis products and has executed a Nevada expansion strategy, including a proposed acquisition of a Las Vegas dispensary [6].

. . . Greenlane Holdings' CEO, Barbara Sher, is Featured in an Interview with SmallCapsDaily CEO Barbara Sher Dives into Greenlane's Innovative Solutions for the Opioid Crisis and Drink Spiking Prevention September 24, 2024 8:00 AM EDT | Source: SCD Media, LLC New York, New York--(Newsfile Corp. - September 24, 2024) - Greenlane Holdings, Inc. (NASDAQ: GNLN) ("the Company") CEO Barbara Sher recently sat down for an interview with SmallCaps Daily. During the interview, Sher discussed the Company's strategic ...

3 Marijuana Stocks To Start Your Trading Week Marijuana stock investors are always looking for new market opportunities. Now could be a good time to take profits and pick up even more shares. With the impact of cannabis politics and the presidential race most of the cannabis sector has been even more volatile. Inside the cannabis industry, there is another push to pass federal reform and work on other regulatory concerns. The support for legal cannabis has been growing at a fast pace. Over half of the USA h ...