Investors Are Watching These Marijuana Stocks Are You?
Many investors are keeping watch on marijuana stocks in hopes of a pick-up in trading. With the market still not recovering there is still time to find top marijuana stocks to buy. Since the end of February and most of March, the cannabis stocks have had a downtrend in the market. Yet the downtrend in recent trading is partly due to a hedge fund that sold $20 billion worth of block trades.
Because of this, it has scared some investors which have led to a decrease in the market. However, the cannabis industry overall is still progressing with companies opening more dispensaries and introducing new products. However, this progress has only helped so much with increasing the market momentum for cannabis stocks.
With a stronger push and more action being taken behind cannabis legislation advocates are in great hopes for the future. The same goes for those who are now scanning the market for pot stocks they believe will make them a nice return when the sector starts to recover. Now even with marijuana stocks currently trading lower in the last 12 months, many cannabis stocks have pushed up to better market positions.
Right now with state and federal cannabis legislation being a big topic of the industry people are trading off speculation. It’s no secrete how big and fast the cannabis industry is continuously growing. This growth has led to people looking to become part of the industry by investing in cannabis stocks or the companies directly. Right now, investors are waiting for cannabis stocks to bounce. As many have purchased shares off this current dip with the goal is to buy low and sell high. Heres 2 cannabis stocks to watch below in 2021 that may soon start to see better trading in April.
Top Pot Stocks To Watch Right Now
Aphria Inc. is one of the few marijuana stocks that has created a bigger presence in the cannabis industry. Back in December, Aphria announced a partnership with Tilray Inc. to create the world’s largest cannabis company. This announcement didn’t help the company see any up-ticks trading at the time. Yet since then, APHA has been trading with a bit more volatility and was able to see a boost in trading moving into the new year. At the start of 2021 APHA stock started to recover from December lows.
January 4th to the 8th APHA stock began its initial climb for the month with a 17 percent increase in trading. From the 8th to the 19th APHA stock continued to climb going from $8.57 a share to $13.61 for a total increase of 58 percent for that time. However, after this run, the company was able to sustain this market level with some sideways trading to close out January. At the start of February APHA stock once again started to pick up more momentum in the market that ultimately led to better trading.
In the first 2 weeks of February APHA stock went from a share price of $12.50 to $26.30 on the 10th. This uptick in trading made for gains of 110 percent which also led to some investors seeing a nice return. Since that time APHA stock has dropped in trading. Currently, in March the company did see some small rises in trading but could not keep the upward momentum going. Heading into April investors are waiting to see if better trading will happen for this marijuana stock to watch.
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Front Ventures Corp.
Since the end of this past October, marijuana stock to watch Front Ventures Corp. has been moving up in the market. Even with a current downtrend over the last 12 months of trading FFNTF stock is up over 200 percent. This is a good sign of growth potential as investors are constantly looking for the best marijuana stocks to buy. In recent news, the company announced it has secured funding and the land for a large grow and production site in Illinois.
“Our thesis is simple.” noted 4Front CEO Leo Gontmakher, “Bring tried-and-true cultivation and manufacturing methods from Washington State to large adult-use markets like Massachusetts, Illinois and California. Washington State was and is a highly competitive battleground in which our facilities, over a six year period, honed processes to achieve significant efficiencies and cost savings across a wide array of products. It is over this period that our facilities were forced to learn how to make high quality product at below industry cost, enabling significant profitability despite plummeting wholesale prices.
Final Thoughts On FFNTF Stock And Market Performance
In the last 2 months of trading even with moving in a volatile market FFNTF stock is still climbing. At the start of the new year, FFNTF saw a nice boost in trading. Going from the 4th of January to the 21st FFNTF stock produced gains of 31 percent. Furthermore even with a small drop at the end of January FFNTF still closed the month in a better market position. Heading into February once again FFNTF started to pick up in trading. For the better half of February, the company had a solid market performance. Shortly after the 23rd FFNTF stock started to lose its momentum which led to a drop in trading. Currently, FFNTF stock is still down but as April approaches the company remains hopeful for better trading.