Top Marijuana Stocks For Your Monday Watchlist
Marijuana stock investors are trying to stay focused on the future. In the last several weeks some days have had their upward push. Yet the same trading pattern still occurs. Much of the cannabis sector is facing more downtrends than uptrends which have been happening for a while now. The level of volatile trading has increased so much that people are not as confident about investing in them.
However, the cannabis industry is still young and facing challenges in many areas. Right now the more optimistic trader sees the cannabis sector as an opportunity. With how low the sector has dropped it is an opportune time to start looking for the top marijuana stocks to buy. Now make sure you build a watch list and begin to do your research on them.
The more you know about a company the better decision you can make when investing. Currently investing in cannabis stocks is more of a buy and hold these days. Still when there is a particular catalyst that can help make the market move this is when people decide to sell and take profits along the way. For now, people are looking for the best ways to invest and turn a profit with cannabis stocks.
Top Marijuana Stocks To Watch 2023
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. It also operates retail dispensaries under the Apothecarium brand name in California, Pennsylvania, and New Jersey.
The company has announced it has expanded its retail footprint in Maryland. This was done by the company acquiring one of the top-performing dispensaries in the state. So the transaction will add a second dispensary to the Company’s Maryland footprint in advance of adult-use sales, which will begin on July 1, 2023.
Words From The Company
“Adding a second, high-performing medical dispensary in Maryland is an important step in our strategy to become a market leader in the state,” said Jason Wild, Executive Chairman of TerrAscend. “We expect Peninsula to quickly become one of our highest-performing dispensaries nationwide.
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. In recent news, the company announced the Board’s approval of a reverse stock split ratio.
The reverse split is primarily intended to bring Greenlane into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq. The new CUSIP number for the Class A common stock following the reverse split will be 395330301.
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