2 Marijuana Stocks To Keep On Your Radar 2023
Marijuana stocks are still showing good trading momentum. But will this consistency follow into the upcoming week? Over the last year, there has been a fair amount of speculation and build-up through the sector. This speculation is geared towards future projects among companies and better legislation. With companies putting together new products and working to build a stronger business it gives investors hope for the future. As well as confidence that the cannabis industry is moving in the progressed path.
Also, there is the continued fight to pass some type f comprehensive reform. In 2023 we will see 2 bills potentially become law there is one for cannabis banking and the other to end marijuana prohibtion. Now there is a bit of a process to get these bills passed as history has shown. History has also shown that when positive updates are made about federal reform it helps push the sector up. So there are some investors who found marijuana stocks to buy back in 2022 that are waiting for a stronger upward push.
This push may come from the progress these bills could have in the near future. In addition, we will see more companies report quarterly earnings. Most times when there is positive news regarding financial reports it as well acts as a good trading catalyst. So if you are looking to invest in legal cannabis marijuana stocks may be the investment for you. Just make sure you do your research and build a game plan to better your chances of seeing better returns.
Marijuana Stocks To Watch 2023
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis. Plus hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany.
In recent news, the company announced it has completed its divestiture of Canadian retail operations.
Overview of the OEGRC Transaction:
OEGRC has acquired ownership of 23 Tokyo Smoke and Tweed store locations across Manitoba, Saskatchewan, Newfoundland, and Labrador.
As part of the OEGRC Transaction, the Tokyo Smoke brand has been transferred to OEGRC and all purchased stores currently branded as Tweed will be rebranded.
The master franchise agreement between the Company and OEGRC pursuant to which OEGRC licenses the Tokyo Smoke brand in Ontario has been terminated effective on the closing of the OEGRC Transaction.
Overview of the FOUR20 Transaction:
FOUR20, a licensed cannabis retailer, acquired five of the Company’s corporate stores in Alberta.
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Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under Lord Jones and Happy Dance brands in the United States. 
Back on December 19th, the company announced the receipt of notice of relinquishment of a warrant by Altria. Altria Summit LLC relinquished a warrant to subscribe for and purchase up to 84,243,223 common shares of the Company at a per-share exercise price of C$19.00.
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As well as all rights that it may have held in the Warrant or any common shares underlying the Warrant for no consideration. The voluntary relinquishment of the Warrant does not affect any rights of Altria under the Investor Rights Agreement between the Company and Altria, dated March 8, 2019. Altria continues to beneficially own 156,573,537 common shares of the Company and has four designees on the board of the Company, one of whom is independent.
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