The Best Marijuana Stocks to Watch for Valentine’s Day 2022

Top Cannabis Stocks to Watch Next Week

In February, top marijuana stocks to watch saw some upside after setting new lows to start 2022. This month, another attempt by Rep. Ed Perlmutter to tie the SAFE Banking Act to a major House manufacturing and innovation has become a catalyst for top cannabis stocks. Additionally, Charles Schumer’s announcement that he will introduce his bill in April has also sparked renewed interest in the cannabis industry.

In 2021, most of the cannabis sector suffered significant declines throughout the year. For cannabis investors, this was an opportunity to take positions in the best marijuana stocks to buy at much lower values. Before investing in cannabis stocks, it is important to know that cannabis stocks are considered a high volatility area of ​​the market. Some investors take advantage of this volatility by day trading and swing trading price fluctuations.

With cannabis stocks showing some upward momentum in February, it might be time to do a marijuana stock watchlist for 2022. Next week, cannabis stocks could be more volatile, with the overall market dictating the current price fluctuations. Today, many cannabis investors are establishing long-term foundation positions at the top of the cannabis sector and trading short-term volatility.

Investing in pot stocks in February 2022

Before investing in cannabis stocks, it’s important to do your research on leading companies and find the best performing companies. Reviewing a company’s financial statements and press releases can help you find the best investment options. As we begin a new trading week, let’s take a look at the top 4 marijuana stocks for your list next week.

[Read More] Roundup of 3 Marijuana Stocks to Watch Right Now in 2022

The Best Marijuana Stocks to Watch for Valentine’s Day

  1. Verano Holdings Corp. (OTC: VRNOF)
  2. Columbia Care Inc. (OTC: CCHWF)
  3. Planet 13 Holdings Inc. (OTC: PLNHF)
  4. Grow Generation Corp. (NASDAQ: GRWG)

Verano Holdings Corp.

Verano Holdings is a multi-state cannabis company serving customers with legal cannabis products. Under a number of brand names, the company provides high quality cannabis products in general. Verano, for example, has 93 dispensaries and 12 growing and processing facilities spread across 11 states. The company has 41 dispensaries in Florida, giving it a major presence in the state. The Company’s retail brands, Zen LeafTM and MUVTM, operate dispensaries that cater to both medical and adult customers. The startup opened a drive-thru dispensary on Flamingo Road in Las Vegas in October. In December, Verano purchased Carin Nature, LLC and Pharmaceutical Solutions, Inc, both of which operate dispensaries in Connecticut.

Verano has just purchased TerraVida and The Healing Center. Because of this arrangement, Verano already owns six dispensaries in Pennsylvania and has permission to open three more. Earlier this year, the company opened a flagship dispensary in Pittsburgh with a four-way drive-thru. In November, the company reported third-quarter 2021 revenue of $207 million, up 106% from a year earlier. Additionally, gross margin increased 33% sequentially to $133 million, or 64% of revenue, on an unadjusted basis. In the third quarter, Verano expanded its reach by opening seven additional dispensaries in its main markets. On Jan. 28, VRNOF shares ended at $10.32, down 13.28% from trading days the previous month.

[Read More] List of the best US marijuana stocks for you right now

Columbia Care Inc.

Columbia Care Inc. is poised for tremendous growth in New York State. The company just purchased a 34-acre grow facility on Long Island, giving it one of the largest cannabis footprints on the East Coast. Columbia Care currently has 130 locations in 18 markets across the United States, including 99 dispensaries and 31 cultivation and processing facilities. The company opened its first location in Missouri, a cannabis dispensary, in October. This month, the company announced the opening of its third gLeaf dispensary in Virginia. Heavyweight champion Mike Tyson’s highly anticipated Tyson 2.0 Cannabis brand will also be coming to Colorado, according to Columbia Care. The company announced a rebranding in the Florida market and its retail outlets on December 8.

CCHWF

In the third quarter of 2021, Columbia Care reported record quarterly revenue of $132 million, up 144% year-over-year. The company reported record quarterly gross profit of $64.5 million, up 205% from the previous quarter. Columbia Care also hit a new high of 49% adjusted gross margin and $31 million adjusted EBITDA, up 634% year-over-year. The company raised its 2021 revenue forecast to $470-485 million and its adjusted EBITDA to $85-95 million. In September, the company received state approval to rebrand its retail footprint across all of its 14 Florida locations.

[Read More] Marijuana Stocks to Watch Going Further in 2022

Planet 13 Holdings Inc.

Planet 13’s Orange County hypermarket, now the largest dispensary complex in California, opens in 2021. The company is based in Nevada, and its cultivation, production and dispensary operations on the Las Strip Vegas took the honors. On the Las Vegas Strip, Planet 13 is known for its 112,000 square foot Superstore dispensary. Planet 13’s two supermarket dispensaries are currently said to be the largest in the world. The Medezin store also opened, a smaller replica of the company’s main store that incorporates the larger retail building into a small dispensary.

In November, Planet 13 reported third quarter 2021 revenue of $33 million, up 45% from a year earlier. Additionally, in the third quarter of 2021, the company generated $3.5 million of adjusted EBITDA. As a result, gross profit was $17.6 million, or 53.5% of revenue, before adjustments. In the third quarter of 2021, the company lost $10.2 million, compared to a profit of $0.2 million in the previous quarter. According to the company, Tinley’s products will be sold as a line of cannabis-infused beverages. Planet 13 has also completed all of the requirements for obtaining a cannabis license in Florida. In December, the company announced the acquisition of Next Green Wave Holdings, which would allow it to expand its presence in California by providing outstanding domestic production.

GrowGeneration Corporation

Grow Generation Corp. is a well-known owner and operator of a retail hydroponic and organic gardening business in the United States. Biologics, lighting, and hydroponic equipment are just a few of the items the company sells to cannabis growers. GrowGen now has 63 organic garden centres. The company has focused on its digital presence since launching GrowGeneration.com. The website has grown into a one-stop e-commerce destination, with over 10,000 products ranging from nutrition to lighting technology. The company intends to establish more than 100 facilities across the United States over the next five years. During the third quarter, the company announced the opening of the largest hydroponic garden in Los Angeles County.

GRWG

GrowGen released its fourth quarter and full year sales estimates on Jan. 13, forecasting record revenue in 2021. Overall, revenue for the year totaled $420 million to $422 million, an increase 118% over the previous year. Additionally, comparable store sales increased by $24.4 in 2021. Further financial information will be released in early March 2022, according to the company.

The post Top Marijuana Stocks to Watch for Valentine’s Day 2022 appeared first on Marijuana Stocks | Cannabis investments and news. Roots of a budding industry.(TM).

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