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7 Marijuana Penny Stocks To Buy for High Returns

Marijuana Penny Stocks to Buy: Sundial Growers (SNDL)
Source: Postmodern Studio / Shutterstock.com
At 79 cents, SNDL stock is among the most attractive marijuana penny stocks. After a flurry of fund raising, Sundial reported a cash buffer of $873 million. This is likely to be utilized for organic growth and acquisitions over the next few quarters.
An interesting development is the company’s partnership with
SAF Group. The partnership intends to invest in debt, equity and hybrid cannabis opportunities globally. Initially, Sundial had committed $188 million towards the joint venture. Recently, the company increased the commitment to $350 million. Once the partnership has quality investments, it’s likely to translate into recurring cash flows. ....

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Phyto Extractions Inc. Officially Launches Shatter For Adult-Use Market

Phyto Extractions Inc. Officially Launches Shatter For Adult-Use Market
LANGLEY, BC / ACCESSWIRE / June 2, 2021 / Phyto Extractions Inc. (formerly, Adastra Labs Holdings Ltd.) (CSE:XTRX)(FRA:D2EP) ( Phyto Extractionsor the Company ) strives to continuously bring consumers new and innovative products to enhance their experience and overall enjoyment. Shatter is Phyto Extractions newest product category, with three new high THC extract offerings produced from single-source strains (local to BC and ON). Available in three highly popular strains including: Blue Gorilla OG, Pink Kush and D Bubba, all Phyto Extractions shatter is extracted and processed in a controlled laboratory environment to prevent contaminants, living up to the brands promise of offering consumers products that are free of additives and synthetic fillers. ....

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Phyto Extractions Inc.: Phyto Extractions Shatter Now Available Nationally for Medical Consumers

Phyto Extractions Inc.: Phyto Extractions Shatter Now Available Nationally for Medical Consumers
LANGLEY, BC / ACCESSWIRE / May 25, 2021
/ Phyto Extractions Inc. (formerly, Adastra Labs Holdings Ltd.) (CSE:XTRX) (Frankfurt:D2EP) ( Phyto Extractions or the Company) is excited to announce its shatter product launch which is now available nationally for its medical consumers at CannMart.com, with planned distribution to recreational consumers via anticipated future sales to provincial monopoly wholesalers.
This new launch will provide patients through CannMart.com the opportunity to purchase Phyto Extractions latest shatter product line in three varieties to start: Pink Kush, Blue Gorilla OG and D. Bubba, offering Canadians the opportunity of a renewed experience in the limited shatter offerings currently available in Canada s regulated market today. ....

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CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp. (CBWTF), NEXT GEN METALS I (NXTTF), GREEN ORGANIC DUTCHMAN by Green Organic Dutchman Hlgds. (TGODF) - Namaste Reports Q1 Results: What Cannabis Stock Investors Need To Know

Namaste Technologies Inc. (TSXV:N) (OTCQB:NXTTF), a cannabis-focused e-commerce company, reported Wednesday that its gross revenue grew by 13% year-over-year to CA$6.15 million ($4.96 million) in the first quarter of 2021.
Net revenue for the first three months of the fiscal year amounted to CA$5.5 million, compared to CA$5.3 million in the same quarter of 2020, and CA$7.2 million in the prior quarter.
Here’s a breakdown of what the first-quarter earnings report showed:
Cannabis revenue spiked 113% year-over-year, accounting for 47% of total net revenues.
Operating expenses declined by CA$7.5 million over the same period, to CA$2.5 million.
Inventories dropped by 33% to CA$5.9 million, from CA$8.8 million in the corresponding quarter of last year. ....

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Namaste Technologies Reports First Quarter 2021 Financial Results

Cannabis Revenue Increased by 113% in Q1 2021 Compared to Q1 2020
TORONTO, April 28, 2021 (GLOBE NEWSWIRE)
Namaste Technologies Inc. (“
Company”)
(TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today reported its financial results for the first quarter ended February 28, 2021 (“Q1 2021”) with references made to financial results for the first quarter ended February 29, 2020 (“Q1 2020”). All financial figures are in Canadian dollars unless otherwise indicated.
Q1 2021 Highlights:
Net cash used in operating activities decreased by
$7.5 million to $2.5 million in Q1 2021 vs. Q1 2020, reflecting improved management of our short term assets.
Gross revenue for Q1 2021 was
$6.15 million ($5.46 million Q1 2020), representing an increase of ....

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