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Best marijuana penny stocks for your list before October

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Are cannabis stocks a buy before October?

Looking for marijuana stocks to buy before October? In September, the best cannabis stocks to invest in experienced significant market volatility. After the news that the house has passed the amended SAFE Banking Act into a defense bill, the cannabis industry has seen some uptick. Throughout the year, federal marijuana legalization and reform has been a major catalyst for cannabis stocks. In fact, in many ways, it’s one of the only things that has driven marijuana stocks up this year.

Marijuanastocks.com – MarijuanaStocks

For the first half of 2021, the major cannabis companies recorded strong revenue growth and expanded their market presence. Unfortunately, on the part of investors, this is not yet translating into market gains. Instead, over the past seven months, the best marijuana stocks to invest in have made customers experience value. One way for some investors to take advantage of the volatility of pot stocks is to use short-term trading methods.

Specifically, day traders and swing traders take advantage of price fluctuations to obtain returns. The best marijuana penny stocks are often traded this way because investors could get a larger position with less capital. For investors who are not familiar with penny stocks, these are stocks that trade under the price of $ 5. In the first quarter of 2021, penny pot stocks posted triple-digit percentage gains for traders.

Finding the Best Penny Stocks with Upside Potential

Now, as the possibility of a future hike increases with the passing of the legislation by Congress, the best cannabis penny stocks could produce short-term gains for traders. Before investing, it is important to do your due diligence and research the company’s profits and market performance. This will help you get the best returns on your investments. It is important to remember that marijuana penny stocks are extremely volatile. For this reason, penny stocks are considered a higher risk investment.

[Read More] 2 best Canadian cannabis stocks to watch in 2021

As October approaches, we might see the cannabis sector start to rebound in the market. For investors looking for short-term gains, this could be a good opportunity to start a list of penny stocks to watch. Some of those cannabis penny stocks may be poised to see the rise with Congress passing marijuana banking reform. Let’s look at the top 2 marijuana penny stocks for your list right now.

Best Marijuana Stocks For Your Watchlist Before October 2021

  1. Jushi Holdings Inc. (OTC: JUSHF)
  2. TILT Holdings Inc. (OTC: TLLTF)

Jushi Holdings Inc.

Jushi Holdings Inc. a cannabis and hemp company expanding its presence in the medical and recreational cannabis markets in the United States. Primarily, the company is building a portfolio of branded cannabis and hemp-derived assets across the United States. Currently, Jushi operates 22 dispensaries under the BEYOND / HELLO brand. Recently, Jushi opened on 15e Beyond / Hello in Pennsylvania. Additionally, Jushi has 31 retail licenses in the United States, and its national brand of Beyond / Hello cannabis dispensaries continues to grow online and in-store.Juice broths

In August, Jushi released its second quarter 2021 results with revenue of $ 47.7 million, up 14.6% sequentially. Specifically, the company generated net income of $ 4.8 million and adjusted EBITDA of $ 4.6 million. As a result, Jushi recorded gross profits of $ 21.9 million and a 193.7% year-over-year increase. In August, the company announced the upcoming launch of branded cannabis products in the Commonwealth of Virginia. Jushi will launch its brand The Lab, vaporizable cartridges, and Tasteology its chewable range. The company also plans to launch two flower brands. September 14e Jushi announced the upcoming launch of The Bank and Seche flower brands to patients in Virginia.

JUSHF share performance

JUSHF stock trades at $ 4.24 on September 24e down 11.34% last month. The stock has a 52-week price range of $ 2.29 to $ 9.06 and is down 26.62% year-to-date. According to analysts at Tip Ranks, JUSHF stock has an expected 12-month average price target of $ 7.43 per share. Essentially, that would represent a 74.91% rise from its current trading price.

[Read More] The best marijuana penny stocks for September 2021? 2 For Reddit and Robinhood investors

TILT Holdings Inc.

Next Up, focusing on global markets, TILT Holdings Inc. provides business solutions to cannabis companies who are building their brand on a global platform. At present, the company provides its services to countries such as the United States, Canada, Israel, Mexico, South America, and the European Union. Notably, TILT has a large portfolio of companies that provide technology, equipment, cultivation and production to other large cannabis companies. The company supplies medical grade inhalation devices to the US and European medical cannabis markets.TLLTF

In August, TILT released its second quarter 2021 results with record revenue of $ 48.5 million, up 33% year-over-year. In addition, the company has a record adjusted EBITDA of $ 6.5 million in the second quarter. To point out, the company reiterated its revenue forecast for 2021 between $ 205 million and $ 210 million.

CEO’s words

“Earlier today, we announced a historic partnership with the Shinnecock Nation of India to develop vertical cannabis operations in New York City, marking our entry into what is expected to be one of the nation’s largest cannabis markets. I’m incredibly excited for both of our teams as well as the economic opportunity this will create for the nation – this is really what a fair partnership should look like. “

Gary Santo, CEO of TILT

TLLTF share performance

TLLTF stock trades at $ 0.41 on September 24e down 14.75% last month. The stock has a 52-week price range of $ 0.34 to $ 0.75 and is up 41.71% year-to-date. According to Market Beat analysts, TLLTF stock has a consensus price target of $ 1.25 per share. In this case, that would represent an increase of 204.1% from its current price.

[Read More] 2 marijuana stocks to watch if the Senate approves the SAFE Banking law


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