2 Marijuana Stocks To Watch In The Stock Market Today
Marijuana stock investors are trying to keep a positive attitude. This past year was a bit tough for some shareholders. However, the initial start to 2023 was set on a good path for shareholders. Currently, some volatile behavior has made its way back into the sector. The thing for most marijuana stocks is they trade with unpredictable patterns. One moment a company can be doing well and the next it could be down.
Still, with an optimistic outlook, there is a silver lining to this up-and-down trading. When a company begins to rise it’s a chance to take profits as a dip is a chance to find marijuana stocks to buy. When looking for the right marijuana stocks to invest in there are several factors to consider. First, you want to understand the different publicly traded cannabis companies that exist. Once you know the different type of companies you can then watch how each of them trade.
As well you want to do thorough due diligence on each company so you know if the company is successful outside of the market. The better a company does outside of the market the better the chances of seeing it do well in the market. So if you are looking to invest in the companies below are a few marijuana stocks to watch in 2023.
Top Marijuana Stocks To Watch 2023
Ayr Wellness Inc.
Ayr Wellness Inc. a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. Recently the company announced its mutual termination of the proposed acquisition of dispensary 33.
Following the mutual termination, Ayr will no longer be required to pay the previously announced purchase consideration of $55 million upfront. This includes $12 million of cash, $3 million of sellers notes, and $40 million of stock.
Words From The President Of The Company
“The cannabis market has changed significantly in the 15 months since we agreed to acquire Dispensary 33. Both parties have acknowledged this reality and engaged in good faith dialogue as we came to the mutual decision to terminate the proposed arrangement,” said David Goubert, President at Ayr.
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Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries cultivates, manufactures, and sells retail and medical cannabis products in the United States.
In recent news, the company announced the welcoming of its patients to the 22nd Sunnyside Dispensary in Florida. The new store is Cresco Labs’ 22nd dispensary in Florida and 56th dispensary nationwide.
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Words From The Company
“We are pleased to expand the reach of Sunnyside and Cresco Labs’ leading portfolio of products to another group of patients residing in the Tampa region,” said Charles Bachtell, Cresco Labs’ CEO & Co-Founder. “We have plans to continue expansion in 2023, and we are excited to continue winning over more patients through a combination of excellent service, approachable prices and top-quality products.”
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