5 Most Profitable Pot Stocks Now

In this article, we will discuss the 5 most profitable pot stocks now. If you want to see more companies in this selection, go to the 11 Most Profitable Pot Stocks Now.

5. Trulieve Cannabis Corp. (OTC:TCNNF)

TTM Adjusted Operating Income: $102 million

Trulieve Cannabis Corp. (OTC:TCNNF) is a Quincy, Florida-based cannabis company founded in 1940. The company’s products are used for medical purposes to treat seizures, muscle spasms, nausea, pain, and loss of appetite.

Trulieve Cannabis Corp. (OTC:TCNNF) has a wide variety of brands comprising Alchemy, Avenue, Co2lors, Cultivar, Loveli, Modern Fever, Momenta, Muse, Roll One, Sweet Talk, and Trekkers. Furthermore, the company has various brand partners onboard as well. Trulieve Cannabis Corp. (OTC:TCNNF) has a strong e-commerce presence and sells its cannabis and CBD products through 180 cannabis dispensaries. On February 8, analyst Andrew Partheniou at Stifel assigned Trulieve Cannabis Corp. (OTC:TCNNF) stock a price target of C$34 ($25) and kept a Buy rating on the stock.

4. Verano Holdings Corp. (OTC:VRNOF)

TTM Adjusted Operating Income: $116.3 million

Verano Holdings Corp. (OTC:VRNOF) is a Chicago, Illinois-based multi-state and vertically integrated cannabis company that owns brands like Verano, Avexia, BITS, Encore, MUV, and Savvy.

The company has a presence in 14 states in the US through 123 operational retail locations and a cultivation capacity of 1 million sqft. The company’s brands are also sold through 500 retail outlets through the wholesale distribution model. Verano Holdings Corp. (OTC:VRNOF) is also planning to expand its operations through 130 new locations. On February 10, Pablo Zuanic at Cantor Fitzgerald gave Verano Holdings Corp. (OTC:VRNOF) an Overweight rating and a price target of $10. The analyst shared that Verano Holdings Corp. (OTC:VRNOF) is currently the fourth largest multi-state cannabis operator (MSO) in terms of sales and EBITDA and has healthy EBITDA margins due to its strong presence in states such as Florida and New Jersey with favorable economic conditions.

3. Curaleaf Holdings, Inc. (OTC:CURLF)

TTM Adjusted Operating Income: $121.4 million

Curaleaf Holdings, Inc. (OTC:CURLF) is a New York-based cannabis company with a total cultivation capacity of 4 million sqft through its 29 cultivation sites.

Curaleaf Holdings, Inc. (OTC:CURLF) is present in 19 states across the US and has ownership over 147 dispensaries. Meanwhile, through the wholesale network, the company ensures that its products are present in 2,200 active locations. Overall, Curaleaf Holdings, Inc. (OTC:CURLF) has a headcount of 5,500 employees and has the distinction of being the biggest vertically integrated cannabis company in Europe.

2. Innovative Industrial Properties, Inc. (NYSE:IIPR)

TTM Adjusted Operating Income: $166 million

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a San Diego, California-based provider of capital for real estate purposes to the cannabis industry. The company, founded in 2016, was the first publicly listed company on the NYSE to provide these services.

Innovative Industrial Properties, Inc. (NYSE:IIPR) partners with leading cannabis operators to help them in buying specialized industrial real estate assets. Innovative Industrial Properties, Inc. (NYSE:IIPR) is structured as a REIT and, as a result, offers an attractive one-year forward dividend yield of 8.30% as of February 28. The company has been paying a consistent quarterly dividend to its investors since the second quarter of 2017.

1. Green Thumb Industries Inc. (OTC:GTBIF)

TTM Adjusted Operating Income: $220 million

Green Thumb Industries Inc. (OTC:GTBIF) is a Chicago, Illinois-based cannabis consumer packaged goods company that produces and distributes a wide range of cannabis products for both medical and adult-use markets.

Green Thumb Industries Inc.’s (OTC:GTBIF) product portfolio includes flowers, concentrates, edibles, topicals, and other cannabis-infused products. The company operates several brands, including Beboe, Dogwalkers, Rythm, and The Feel Collection. Green Thumb Industries Inc. (OTC:GTBIF) has also established partnerships with other well-known cannabis brands, including Cookies and Dr. Solomon’s. In addition to its product offerings, Green Thumb Industries Inc. (OTC:GTBIF) operates at numerous retail locations under its Rise Dispensary brand. These stores offer a wide range of cannabis products for medical patients and adult-use customers.

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