2 Cannabis Stocks To Buy Mid Week?
How will marijuana stocks trade this upcoming new year? Well, some investors are optimistic about what will take place in 2023. Currently, there are various things being worked on to push the cannabis industry forward. Right now politicians are working on getting some type of federal reform passed. A good amount of people feel cannabis banking legislation could be the first stop. There are also those who feel that the end of cannabis prohibition will happen first. Still whichever one happens first will be a huge victory for the cannabis industry.
Not to mention the battle for federal reform has been the biggest catalyst for most marijuana stocks. Next, we have companies continuing to grow and develop. For example companies like Trulieve, Curaleaf and GrowGen have continued to open new stores. What this does is show that the company is progressing as well as being profitable. So when financial reports are made and released if the earnings look good it can have a positive impact on the cannabis sector.
When positive news about one company is released it can at times resonate for other cannabis stocks as well. With just a few short months left in 2022, there is still time to find marijuana stocks to buy before 2023. Just make sure you do your homework and build a game plan. The companies below are a few marijuana stocks to watch for the rest of the month.
Top Marijuana Stocks For Your Watchlist
- SNDL Inc. (NASDAQ:SNDL)
- Organigram Holdings Inc. (NASDAQ:OGI)
SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets; and private sale of recreational cannabis through corporate-owned and franchised retail cannabis stores. It’s been some time since the company released any new updates. 
Yet on November 16th, the company announced a renewal of the share purchase program. The Share Repurchase Program authorizes the Company to repurchase up to C$100 million of its outstanding common shares. Also from time to time at prevailing market prices, enables SNDL to opportunistically return value to shareholders.
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OrganiGram Holdings Inc.
OrganiGram Holdings Inc. through its subsidiaries produces and sells cannabis and cannabis-derived products in Canada. In recent news, the company has reported its record Q4 and full-year fiscal 2022 results. 
Highlights And Keymentions
- Continued record growth in net revenue, reaching $45.5 million, the highest in the history of the Company, up 83% from $24.9 million in the same prior-year period and 19% from $38.1 million in Q3 Fiscal 2022.
- Adjusted EBITDA1 of $3.2 million, the third consecutive quarter of positive Adjusted EBITDA, compared to negative Adjusted EBITDA of $4.8 million in the same prior year period.
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- Adjusted Gross Margin1 of $10.4 million or 23%, compared to $3.0 million or 12% in the same prior year period, reflecting improvements from increased efficiencies and higher sales volume.
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