Top Marijuana Stocks To Focus On Right Now In The Market
Marijuana stock investors are keeping focused on the future of the sector. For some time now there has been a lack of consistent momentum. Now there have been moments when some marijuana stocks do see a recovery. Yet it’s not for long periods of time making it tougher to take profits. Much of the upward trading takes place when there is big news that impacts the sector. The biggest reason the sector has seen better trading has been the fight to enact federal reform.
When positive news is released on the matter it often times leads to better trading. But with this being a recurring situation people who are into cannabis investing have adjusted their trading plan. So in preparation for the future when there is a chance to find top marijuana stocks to buy people are holding. Unless they find it in their favor to take profits on any uptick.
Still, with the level of volatility, people feel it’s best to buy and hold and play the long game. However, some have adapted to this increase in volatile trading and learned how to make it work for them. So if you are looking to invest in cannabis stocks always make sure you do your homework and learn about each company. Below are a few marijuana stocks to watch for the rest of the month.
Top Marijuana Stocks To Buy In March
- SNDL Inc. (NASDAQ:SNDL)
- Aurora Cannabis Inc. (NASDAQ:ACB)
SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments.
Back on March 3rd, the company announced it has expanded its wine and beyond banner into Saskatchewan. So SNDL Inc. has successfully obtained two liquor retail licenses in Regina and Saskatoon, through the Saskatchewan Liquor and Gaming Authority (“SLGA”) auction.
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Words From The Company
“We are excited to bring our Wine and Beyond banner into Saskatchewan, specifically in the key markets of Regina and Saskatoon,” said Tank Vander, President of Liquor Retail at SNDL. “Due to Saskatchewan’s low distribution of liquor licenses and high liquor sales per capita, SNDL expects stable and accretive growth in the two new stores. We are eager to introduce consumers to the Wine and Beyond brand, as we believe there is demand in the market for a premium liquor retail model.”
Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
In recent news, the company announced the launch of Valour, a new cannabis cultivar designed for veterans, by veterans. Five percent of net profits from the sale of Valour products will be used to support veteran organizations across Canada.
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Words From The SVP
“We’re honored to support Canadian veterans and proud that we were able to work hand-in-hand with the veteran community to provide a product that best serves their needs and preferences,” says Andre Jerome, Interim SVP of Medical Sales at Aurora Cannabis.
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