2 Marijuana Stocks To Buy Or Sell This Month?
Marijuana stock investors are looking forward to seeing more companies release earnings. During 2023 many companies will not only show what some feel will be strong financials but promising ventures. For example, certain cannabis companies are hard at work developing and launching new products. In addition to new team members, storefronts and packaging and cultivation facilities. All of the above give some shareholders more confidence in the future of the cannabis industry.
Back in 2022, there were many days to find the best marijuana stocks to buy. This was due to the lack of upward trading that occurred at that time. Much of this past year was a volatile one for most publicly traded cannabis companies. Yet only 3 weeks into 2023 and momentum is starting to look better with more consistency.
Now things have only just begun for the new year and the hope is that this current momentum continues. The amount of time a marijuana stock would recover back in 2022 was a short window it was tough to always take profits. But so far 2023 has not been that way and some shareholders are happy to see a return on their investment. So if you are interested in investing in cannabis stocks the companies below could be for you.
Top Marijuana Stocks To Watch 2023
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 recent news, the company released updates from its CEO.
Words From The CEOs
Bob Groesbeck and Larry Scheffler shared, “2022 was a difficult year for cannabis investors, and as CEOs and holders of over 78 million shares of Planet 13 combined we certainly empathize with shareholders. 2022 was the worst year for the markets since 2008 and our industry was not spared. Prices were down across the board for cannabis stocks, with the biggest driver, as we saw in December, the failure of reform at the federal level.
At Planet 13 we can only control what we can control and so that is what we focus on. We’ve maintained an 8-10% market share in Nevada while cutting costs to maintain margins. We are growing revenue in California. We’ve made progress on our growth initiatives in Florida and Illinois, setting the stage for us having operations in four states by the end of 2023 and we continue to have one of the strongest balance sheets and cleanest capital structures in the cannabis industry.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels.
The company recently announced the opening of the Pal Beach Gardens dispensary. As well as the launch of New BlueKudu Chocolates in Florida. The company’s retail presence grows to 56 locations in Florida and 146 nationwide. Along with two new flavors of BlueKudu chocolate products which launched statewide on January 13th.
Words From The Company
“We are thrilled to continue expanding access to medical cannabis for Florida’s growing patient population and to bring more premium edibles to the state with our new BlueKudu products,” said Matt Darin, CEO of Curaleaf. “We look forward to welcoming patients in the Palm Beach area with an unrivaled retail experience and the high-quality, trusted cannabis products they can rely on.”
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