Marijuana stocks have not delivered the returns investors had hoped for, but with a growing number of cannabis stocks turning a profit, interest in the industry could pop in 2022. Innovative Industrial Properties (IIPR) — With potential 102.78% upside, this cannabis-exposed REIT is expected to increase profit margins this year and is a great hedge against rising inflation. Canopy Growth (CGC) — With 18.56% upside, the marijuana purveyor is focusing on turning a profit, which could deliver a stur
Today is shaping up negative for Hydrofarm Holdings Group, Inc. ( NASDAQ:HYFM ) shareholders, with the analysts...
Company Updates Full Year 2022 OutlookSHOEMAKERSVILLE, Pa., May 10, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (“CEA”), today announced financial results for its first quarter ended March 31, 2022. First Quarter 2022 Highlights vs. Prior Year Period: Net sales remained flat at $111.4 million.Gross Profi