2 Top Marijuana Stocks To Invest In Right Now 2023
This week marijuana stocks may continue to see more up-and-down trading. For some investors, this can be an issue but for some, it can be a chance to buy and sell. Obviously with any type of investing the goal is to make money. So when there is an increase in volatile trading at times it causes a drop which is when you should look for the best marijuana stocks to buy. The name of the game is to buy low and sell and to prepare for what is to come.
This past year many people took advantage of the volatile trading for marijuana stocks as there were many buying opportunities in 2022. During the first month of 2023, the cannabis sector began with a decent push of momentum that allowed some to take profits. So far trading in February has been different than in January but investors are still holding a good amount of optimism for the future.
Cannabis companies are putting together different ventures and projects which will continue to push the cannabis industry in the right direction. So for those looking to invest in legal cannabis marijuana stocks could be the way to do so. Just remember to do your research beforehand that way you can identify which cannabis companies have the most potential. Below are a few companies to keep an eye on if you are looking for marijuana stocks to watch this week.
Marijuana Stocks To Watch Today
- SNDL Inc. (NASDAQ:SNDL)
- Organigram Holdings Inc. (NASDAQ:OGI)
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. 
In recent news, the company announced it expands its retail network. This was done via the conclusion of Superette Group’s CCAA proceedings.
Words From The Company
“We are pleased with the conclusion of the CCAA proceedings and are excited by the opportunity to bring stability to the Superette Group’s business. As industry challenges persist, we see strategic opportunities to grow our retail banners through M&A activity where appropriate within our cannabis retail portfolio,” said Zach George, Chief Executive Officer of SNDL.
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Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries engages in the production and sale of cannabis and cannabis-derived products in Canada. In recent news, the company provides a NASDAQ listing update. The company received notification from The Nasdaq Stock Market LLC (“NASDAQ”) that it is not in compliance with the minimum bid price requirement in NASDAQ Listing Rule 5450(a)(1).
This is for continued listing on the NASDAQ Global Select Market since the closing bid price for the Company’s common shares listed on NASDAQ was below US$1.00 for 30 consecutive trading days. The Notification has no immediate effect on the listing of the Company’s common shares on the NASDAQ Global Select Market.
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Under NASDAQ Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of Notification. Until July 24, 2023, to regain compliance with the Minimum Bid Requirement. During this time the common shares will continue to trade on the NASDAQ.
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