3 Major Marijuana Stocks With Upside Potential In The Stock Market

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]