2 Marijuana Stocks To Buy That Will Make You Money?
Some marijuana stocks could soon see better consistency in the market this week. More companies are preparing to report their earnings and this may be a catalyst for better trading. Often times when companies can report strong financials it gives investors the motivation to trade. From this, it has historically helped some marijuana stocks trade better. Much of the volatile trading that has occurred has been tough for some to adapt to.
Yet when there is a strong catalyst it leads to upward trading for most of the cannabis sector even if it’s for a short moment. For example, when news came out about the reintroduction of the SAFE Banking Act it led to a rise in trading. During this moment in early May, the sector actually had some good upward consistency. In fact, the first week of May was a bit greener than other months due to this release.
However, people are still waiting to see what will come of federal reform in the cannabis industry. Still, most of the sector is volatile, and when there is a decline it should be seen as a chance to find marijuana stocks to buy. Just make sure you do your research and build a trading plan to help you with your stock investing. Below are a few marijuana stocks to watch for those looking to invest in cannabis.
Top Marijuana Stocks For Your 2023 Portfolio
- Aurora Cannabis Inc. (NASDAQ:ACB)
- SNDL Inc. (NASDAQ:SNDL)
Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The company produces, distributes, and sells medical and consumer cannabis products in Canada. 
In recent news, the company announced the expansion of its portfolio in Germany with the launch of two new cannabis flower products for patients. Pedanios 27/1 FRG CA and Pedanios 29/1 SRD CA are dried cannabis flowers with high tetrahydrocannabinol (THC) content. With these new therapeutic options now available, the Company will better meet the individual medical needs of its patients.
[Read More] 2 Top Marijuana Stocks To Watch To Start The 2nd Week Of May
Words From The Company
“The addition of these two high-THC products to our German portfolio gives physicians even more options to provide patients individually tailored treatments,” says Dr. Axel Gille, President of Aurora Europe. “We are committed to bringing high quality, consistent, and innovative cannabis products to our patients in Germany and throughout Europe.”
[Read More] 2 Marijuana Stocks To Watch For Better Trading In May
SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. On May 5th the company announced that the shareholders of Nova Cannabis Inc. have approved a resolution in respect of the proposed transaction between SNDL and Nova.
Which is to create a well-capitalized cannabis retail platform in Canada as contemplated by the implementation agreement entered into between the Company and Nova dated December 20, 2022, as amended on April 3, 2023. More than 99% of votes cast by the Disinterested Shareholders at the Nova annual and special meeting of shareholders held on May 5, 2023, were in favor of the Transaction Resolution.
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