Are These Marijuana Stocks The Ones Investors Want?
The majority of marijuana stocks are still battling market volatility. This as those know holds its pros and cons. When there is an uptick in trading investors have a window to take profits. When there is a decline it also allows investors to find top marijuana stocks to buy at lower entry levels. With how quickly things change in the cannabis sector you need to be ready to sell buy or hold. As marijuana stocks consistently trade up and down with only short moments of staying up taking profits can be tough.
So what some have to do in order to adjust is turn to a scalping style of trading. This is when you enter a trade and exit only moments after. Some feel holding their position will ultimately lead to seeing big gains when the right catalyst enters the market. For the rest, they get left in their positions due to not exiting a trade at the right time which has resulted in losses in some cases.
Now the cannabis industry is still considerably young and still growing. When there is more to be seen in a new industry it also creates a situation that leads to more investing. Just remember before you create your cannabis stock watchlist it’s best to do your research. The companies mentioned below are a few marijuana stocks to watch this week.
Marijuana Stocks For Your October Watchlist
Ayr Wellness Inc.
Ayr Wellness Inc. a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company’s cannabis and cannabis products include concentrates, edibles, and vaporizers.
It also provides administrative, consulting, and operations support services to licensed cannabis companies. In recent newsAyr Wellness has appointed David Goubery as President of the company. Mr. Goubert will report to Ayr’s Founder and CEO, Jonathan Sandelman.
Words From The Company
“We are excited to add an experienced CPG and retail operator to our leadership team,” said Jonathan Sandelman, Ayr’s Chief Executive Officer. “As the Board and I engaged with David over the last several months, it became clear that he was a natural leader with a track record of driving positive organizational change and operational excellence.”
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Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. operates as a physician-led cannabis company in the United States. The company cultivates cannabis in environmentally friendly greenhouses; manufactures pharmaceutical-grade cannabis extracts. As well as sells its products through its network of Green Goods and other Goodness Growth branded retail dispensaries. Plus third-party dispensaries. On October 14th the company announced that Verano Holdings Corp. repudiates its transaction to acquire Goodness Growth Holdings.
Under the Arrangement Agreement, Verano agreed to acquire all of the issued and outstanding subordinate voting shares. Including multiple voting shares and super-voting shares of Goodness. With this Goodness believes that Verano has no legal basis to terminate the Arrangement Agreement.
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Not to mention that Verano has committed various material breaches of the Arrangement Agreement. Verano’s repudiation of the Arrangement Agreement has been acknowledged by Goodness, and the Transaction will not proceed.
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