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what are the best medical marijuana stocks to buy

Written By sexta-feira, 8 de abril de 2022 Add Comment Edit
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seven of the All-time Marijuana Stocks to Buy Now for 2022

The U.S. cannabis business has been booming of late, and because of this, marijuana stocks continue to be a topic of interest on Wall Street.

We saw how the sector benefited from the novel coronavirus pandemic-induced tailwinds and hit a record $17.5 billion in sales. However, those numbers pale compared to the $31 billion the sector is estimated to generate this year. Though cannabis sales have been on burn down, marijuana stocks haven't performed, peculiarly during the second half. President Joe Biden has been relatively slow in embracing cannabis reform, which has investors worried nigh future prospects.

Moreover, federal reforms are likely to supercharge growth for the sector next year. Withal, marijuana producers with robust fundamentals and those that tin capitalize on the sector tailwinds are probable to reign supreme. On top of that, the longer regulatory timelines will finally let the more promising marijuana stocks to cement their positioning in the sector.

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Nevertheless, with multiple growth catalysts in place, I look an even stronger showing for marijuana stocks in 2022. And with that in mind, these are some of the best ones you lot could pick to start the year on a high.

  • Sundial Growers (NASDAQ:SNDL)

  • Cresco Labs (OTCMKTS:CRLBF)

  • Green Thumb Industries (OTCMKTS:GTBIF)

  • Trulieve Cannabis (OTCMKTS:TCNNF)

  • Curaleaf (OTCMKTS:CURLF)

  • Tilray (NASDAQ:TLRY)

  • GrowGeneration (NASDAQ:GRWG)

At present, let's dive in and accept a closer await at each one.

Marijuana Stocks To Purchase: Sundial Growers (SNDL)

sndl stock Sundial Growers company logo icon on website
sndl stock Sundial Growers company logo icon on website

Source: Postmodern Studio / Shutterstock.com

I recently covered Sundial Growers and felt it still has much to prove to its investors in terms of its fundamentals. However, ane can't argue with the momentum it'south riding after a solid third quarter, where gross revenues were up 57% quarter-over-quarter and upwards 12% twelvemonth-over-year (YOY).

Moreover, its acquisition — liquor store chain Alcanna — expects to have an fifty-fifty better fourth quarter. Additionally, SNDL stock trades its book value and right around 60 cents per share.

This year, sundial Growers became a meme stock and consequently took advantage of that condition to fortify its balance sail. It now boasts $629.14 1000000 CAD in cash equivalents as of September. Hence, it could exist an incredible platform to button forward and go on investing in new targets.

Cresco Labs (CRLBF)

Image of a marijuana grow house
Paradigm of a marijuana grow house

Source: Shutterstock

Marijuana wholesaler Cresco Labs is one of the all-time performing cannabis players in the U.S. With most of its revenues coming from its wholesale operations, it doesn't need a massive retail network to aggrandize or consistently generate healthy cash flows. Still, it as well has an incredible retail footprint that grows with every passing quarter. Moreover, it has its presence in the top U.Due south. pot states in California, Massachusetts and New York.

Furthermore, Cresco's revenues have been growing at a solid prune. In its near recent quarter, its sales shot up more than than xl% YOY. Additionally, its Q3 adapted EBITDA improved 24% from Q2 2021.

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So, with all of that in mind, Cresco remains on rail towards profitability and expanding its footprint across the States — pushing CRLBF stock to new heights.

Marijuana Stocks To Buy: Green Pollex Industries (GTBIF)

Image of marijuana being weighed on a scale
Image of marijuana existence weighed on a scale

Source: Shutterstock

Green Thumb Industries has positioned itself every bit a major role player in the loftier-growth cannabis sector. The cannabis consumer packaged goods giant has its presence in 13 different states. Moreover, it has swiftly expanded its business organization in the past seven years and has washed so with solid fundamentals beyond the lath. Despite a stellar report card in the by few years, GTBIF stock just trades at half dozen times trailing sales.

Green Pollex's financials are rock-solid, which places it among the crème de la crème of the cannabis world. For example, its five-year revenue growth has averaged a staggering 184%. Moreover, its YOY EBITDA growth has been at a remarkable 154%. Consequently, this year'due south levered free cash flow growth has grown at a colossal 314%. With such numbers, the company's stock is all the same valued cheaply, making it a no-brainer.

Trulieve Cannabis (TCNNF)

Image of marijuana alongside three joints
Image of marijuana aslope iii joints

Source: Shutterstock

Trulieve Cannabis is among the virtually successful multi-land operators in the U.S. today. Though information technology started as purely a medical-utilize cannabis enterprise, information technology has quickly expanded into other profitable verticals — becoming a juggernaut in the business. Moreover, it is vertically integrated, which gives TCNNF stock a major edge over its contest and its underlying business in generating profits over the long term.

The company recently reported a profitable quarter for the 15th-directly fourth dimension, generating $224.ane million in revenue for the catamenia. The 64% increase in revenues during its tertiary quarter resulted in a net income of $xviii.6 million.

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Moreover, the company has also caused one of its peers in Harvest Health and Recreation, likely to take combined revenues to a record loftier. With such an incredible performance of belatedly and the recent acquisition of Harvest Health, Trulieve is poised to become the biggest cannabis operator in terms of revenue.

Marijuana Stocks To Purchase: Curaleaf (CURLF)

marijuana stocks Hand gently holding rich soil for his marijuana plants
marijuana stocks Hand gently property rich soil for his marijuana plants

Source: Jetacom Autofocus / Shutterstock.com

Curaleaf is a acme growth stock in the cannabis world, generating nearly $890 million in the last nine months and operating in 23 states beyond the U.S. Moreover, the company's five-year average sales growth is spectacular 262%. Its pinnacle line has been growing in line with a solid increase in profits.

In its third quarter, the visitor'due south sales growth was upwardly an incredible 74% from the prior-twelvemonth period. Moreover, information technology generated $71.iv million in adjusted EBITDA, representing a 69% increase from last twelvemonth's same catamenia. On top of that, its healthy gross margins at more than 45% signal to even higher profits in the future. With its strong infrastructure and calibration, Curaleaf is incredibly positioned to accept advantage of positive legislation in the coming year.

Tilray (TLRY)

Tilray (TLRY) logo on a web browser.
Tilray (TLRY) logo on a web browser.

Source: Jarretera / Shutterstock.com

Canadian cannabis giant Tilray became the largest marijuana producer based on Pro-forma sales this year later merging with Aphria . Moreover, its low-cost operations have enabled the company to maintain potent profitability compared with many of its peers. Still, it doesn't plan to end there, equally Tilray has laid out its highly ambitious program to achieve $iv billion in revenues past 2024.

Though its $4 billion plan seems like a long shot, such an aggressive strategy volition invariably outcome in much activity in the coming years. Specifically, Tilray has massive opportunities to expand its revenues and profits. For instance, it has a strong presence in the High german cannabis market, a region where it may grow to $4 billion within the side by side three years.

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Additionally, the cannabis visitor announced this calendar week that information technology will report its Q2 of fiscal year 2022 earnings on Jan. 10, 2022. Therefore, investors volition get a chance to clearly run across where things stand for Tilray.

Marijuana Stocks To Buy: GrowGeneration (GRWG)

A close-up shot of hands holding a grinder with cannabis buds in the background representing aurora stock.
A close-up shot of easily holding a grinder with cannabis buds in the background representing aurora stock.

Source: Shutterstock

GrowGeneration is a relatively new name in the cannabis business but offers a unique solution to disrupt the sector. It is currently one of the nigh recognizable names in hydroponics, supplying essential services to the marijuana sector. Moreover, it operates 62 stores across thirteen different states.

In its latest quarter, sales shot up to $116 million, representing a 110% increase from the prior-twelvemonth menses. This led to more than $4 million in net income during the period. Additionally, according to inquiry, the hydroponics market volition likely grow at a healthy 11% through 2026. In turn, this bodes exceedingly well for GrowGeneration and its operations.

So, with all of that in heed, investors looking to perchance try out a fresh face in the industry should consider GrowGeneration every bit one of the peak marijuana stocks to buy.

On the appointment of publication, Muslim Farooque did not have (either straight or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this commodity are those of the writer, subject area to the InvestorPlace.com Publishing Guidelines.

Muslim Farooque is a keen investor and an optimist at center. A life-long gamer and tech enthusiast, he has a item analogousness for analyzing technology stocks. Muslim holds a bachelor's of scientific discipline caste in applied accounting from Oxford Brookes University.

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Source: https://finance.yahoo.com/news/7-best-marijuana-stocks-buy-171317733.html

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