6 Cannbis Stocks To Consider For The Second Half of 2021

Link Reservations Inc (LRSV)

Link Reservations Inc is a CBD and wellness product provider dedicated to improving the health and life conditions of both people and pets worldwide. Its trades through its two brands; LinkResPet and DailyLifeCBD. LinkResPet develops and markets hemp-based CBD products for cats, dogs and horses. DailyLifeCBD provides everyday hemp-based CBD wellness and mushroom products for people. The Company has operations in both the US and Europe.

The company recently announced it is preparing to develop & launch its second functional mushroom product via its subsidiary DailyLife CBD. The new tincture product, tailored for people, will feature both CBD and a wide spectrum of functional mushrooms (including Lion’s Mane & Shiitake) which potentially can help the body with a better response to stress and anxiety. The new product when fully developed & launched for sale will be our 2nd mushroom wellness product for humans. Our first mushroom product can be purchased for sale on DailyLifeCBD.com utilizing #BTC/#Crypto and traditional forms of payment. Our expectation is to be done with development of our 2nd mushroom wellness product within six weeks.

Curaleaf Hldgs Inc. (CURLF)

Curaleaf, a Wakefield, Massachusetts-based cannabis company, operates in 23 states with 106 dispensaries, 23 cultivation sites and 30 processing sites. The company reported a first-quarter revenue increase of 170% from last year and adjusted earnings before interest, taxes, depreciation and amortization that was up 213% from last year. The company is “now cementing its leading status in terms of top-line growth,” says Seymour, adding that 2022 should be “impressive since there is no question the 23-state footprint is starting to deliver on operational leverage.” Curaleaf is adding cultivation in Colorado and planning to double its footprint by 2022, but keeping an eye on being fiscally prudent. 

Cresco Labs (CRLBF)

Cresco Labs is a Chicago-based company that is active in 10 states and has 18 production facilities, 44 retail licenses and 32 dispensaries. The company reported first-quarter revenue of $178.4 million, an increase of 168.8% year over year, and cash and cash equivalents of $255.5 million as of March 31. The company has continued to grow consistently in all markets. Wholesale revenue rose by 150.8% year over year to $95.6 million. Revenue increased to $82.8 million, rising 193.2% year over year. 

Trulieve Cannabis Corp. (TCNNF)

Trulieve operates in five states – California, Connecticut, Florida, Massachusetts and Pennsylvania – and has 2 million square feet of cultivation facilities in Florida. In May, the company reported a quarter-over-quarter revenue increase of 15% to $193.8 million and a net income of $30.1 million. Trulieve has expanded its footprint across the U.S. and in May acquired Harvest Health & Recreation, an Arizona-based multistate operator that reported first-quarter revenue of $88.8 million. The company also reported the first full quarter of operations in Pennsylvania, where it opened the first phase of its new cultivation facility and acquired West Virginia operator Mountaineer Holding in May. The company has remained “more conservative” in its strategy to increase its footprint, says CEO Kim Rivers. “We will look for expansion opportunities as the landscape is evolving and has seen accelerated growth” due to political factors and more states approving the medicinal and recreational use of cannabis.

Green Thumb Industries (GTBIF)

Green Thumb, a Vancouver and Chicago-based national cannabis consumer packaged goods company and retailer, reported revenue of $194.4 million in the first quarter, an increase of 90% year over year and its fifth consecutive quarter of positive cash flow from operations of $39.7 million.

TerrAscend Corp. (TRSSF)

TerrAscend, a New York and Toronto-based North American cannabis operator, reported that first-quarter net sales rose by 106% year over year to $53.4 million. Adjusted year-over-year EBITDA increased to $22.6 million, compared to $3.7 million in the first quarter of 2020, and the company has $234 million in cash.

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FEATURED

Advertisment