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Four lesser-valued cannabis stocks showed positive performance on Monday, defying the broader sector's downtrend. These stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International —present potential investment opportunities.
Medical Marijuana Inc. demonstrates operational efficiency with a gross profit margin of 79.95%, indicating strong control over production costs despite its financial challenges. This margin suggests that MJNA could be managing effectively its cost of goods sold relative to its revenue.
On the other hand, Trees Corp. maintains a gross profit margin of 25.76%, reflecting its ability to generate revenue from its operations. Despite reporting a net income loss of $7.082 million and an operating loss in its recent Q1 2024 results, both companies' operational metrics highlight their potential to sustain business activities and improve financial performance.
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When compared to larger cannabis companies, the valuation difference is significant. Curaleaf Holdings (OTC:CURLF) is priced at $5.18, down 8.64%, and AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) is at $9.08, down 5.47%. Canopy Growth (NASDAQ:CGC) is at $10.48, down 3.46%, Trulieve Cannabis (OTC:TCNNF) at $11.73, down 6.01%, and Green Thumb Industries (OTC:GTBIF) at $12.59, down 4.08%. Only Aurora Cannabis (NASDAQ:ACB) is up, priced at $7.51, up 1.76%.
In contrast to these larger names, the smaller stocks in green today have shown modest gains: MJNA at 4.7619%, TLLTF at 1.4493%, CANN at 11.1111%, and VFF at 1.4286%.
Investors may consider these lesser-valued stocks for their potential to navigate a volatile market. Each company's financial metrics and operational efficiencies could offer entry points for those looking to diversify within the cannabis sector.
Photo: AI-Generated Image.
Posted In: ACB CANN CGC CURLF GTBIF MJNA MSOS TCNNF TLLTF VFF