Top Marijuana Stocks To Keep On Your Radar Nex Month
The cannabis industry has been growing rapidly in recent years. More and more countries and states have begun to legalize the use of marijuana. Both for medical and recreational purposes and markets are increasing. As a result, many investors are interested in investing in marijuana stocks. However, investing in marijuana stocks can be risky, as the industry is still relatively unknown. Mainly with better laws and the uncertainty surrounding federal regulations.
Yet many feel when there is some type of federal reform made law it can spark a major run for marijuana stocks. Additionally, the industry is highly competitive, with many companies vying for market share. Some of the major players in the marijuana industry include Aurora Cannabis, Green Thumb Industries, and GrowGen to name a few. These companies are involved in different aspects of the cannabis industry.
This includes the cultivation, processing, and distribution of marijuana products. If you are considering investing in marijuana stocks, it is important to do your research and understand the perils involved. But like most investing it’s risk verse reward and putting yourself in place to see the gains. Right now the bulk of marijuana stocks is seeing more red days than green. From this, those who are interested in cannabis investing should keep an eye out for marijuana stocks to buy. Just make you have a trading plan and be able to make adjustments along the way.
Marijuana Stocks To Watch 2023
- Organigram Holdings Inc. (NASDAQ:OGI)
- Canopy Growth Corporation (NASDAQ:CGC)
Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries engages in the production and sale of cannabis and cannabis-derived products in Canada. In recent news, the company provided an Edison JOLTS product update. Health Canada has determined that certain Jolts lozenge products in their 100 mg THC per package have been improperly classified as an “extract” rather than an “edible”.
Which was done so under the Cannabis Regulations. At present time the Company has paused production of the Products in the current packaging format, pending resolution of the matter. According to Health Canada’s notification, the Company can continue to sell and distribute inventory of the Products until May 31, 2023.
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Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany.
It operates through two segments, Global Cannabis, and Other Consumer Products. In recent news, the company announced its US $150 million registered direct offering.
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Words From The Company
“Canopy Growth is executing a strategy focused on accelerating growth and profitability by transforming our Canadian operations and fast-tracking entry into the U.S. market,” said Judy Hong, Chief Financial Officer of Canopy Growth. “Building on other recent actions taken to enhance cash flow, this attractive capital immediately adds to Canopy Growth’s cash on hand and provides additional flexibility to continue advancing strategic priorities”.
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