Top Marijuana Stocks To Buy Before Next Week
When it comes to marijuana stocks some are still holding with great optimism for the future. Right now there is consistent volatility that is impacting the sector. For some time now most marijuana stocks have been showing an up and down pattern leading to the ultimate drop. The issue becomes is not all traders are able to capitalize on these quick upswings. The time in which a marijuana stock can sustain any upward push has been so short it creating fear as well. This fear is not all traders are that quick as mentioned above so they are waiting to see what catalyst will create a stronger recovery for the overall sector.
As history has shown most new about new laws and states going legal are big momentum drivers. Especially news on federal reform which has led to the largest momentum marijuana stocks has seen over the last year. Also, company updates and news play a factor as well. Yet even with things like this and positive earnings, it has not kept the trading average up. So from this unpredictable behavior, there are times when some become frustrated. Still, as the cannabis industry continues to grow more opportunities will come from it.
This is the side of the market where the speculation comes into play. As the cannabis industry is progressing and developing being invested at the right time is everything. With how low some companies have gone it could be a window to find the top marijuana stocks to buy. Just make sure you do your research beforehand. The cannabis companies below are some marijuana stocks to watch in July.
Top Marijuana Stocks To Watch This Month
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. In the company’s most recent news they have announced the opening of its new Ocala FL dispensary.
Words From The Company
“We are thoughtfully and deliberately executing our Florida roadmap to bring the famous Planet 13 brand to Florida. This is the third dispensary location of our initial six neighborhood dispensaries targeted towards major Florida population centers with underserved local residents,” said Bob Groesbeck, Co-CEO of Planet 13.
PLNHF Stock Performance And Update
Over the last month, PLNHF stock has faced some trouble in the market. However, the initial start to June was not so bad for the company. For the first 2 weeks of trading, the company was holding a decent market level. Yet after June 10th, PLNHF stock started to see a decline in trading. Now on the 13th of June, the company saw a volatile pop in trading before facing more pullback. Currently, the company has begun to see another recovery and hopefully PLNHF stock can continue to climb after the weekend.
[Read More] Top Marijuana Stocks To Watch In July? 3 Penny Pot Stocks On The Nasdaq
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. In recent news, the company announced a $5.4 million registered direct offering. The company has entered into a definitive agreement with a single institutional investor, for the purchase and sale of 21,600,000 shares of its common stock.
Plus warrants to purchase 21,600,000 shares of common stock at a purchase price per share of $0.25 in a registered direct offering. The warrants to be issued will have a five and one-half year term. As well they will become exercisable six months following the date of issuance and will have an exercise price of $0.25 per share.
[Read More] 3 Marijuana Stocks To Buy In July?
The closing of the offering is expected to occur on or about June 29, 2022, subject to the satisfaction of customary closing conditions.