Top Marijuana Stocks In The Cannabis Sector
Right now could be a good time to find marijuana stocks to buy. Why? well with the end of the year here there is a high amount of speculation adding to the current volatility. As 2023 is soon to begin in the next few weeks so this is a time when investors are looking for continuous looking for marijuana stocks to add to their portfolios. The cannabis sector is one with a large amount of up-and-down trading creating this volatile action. At the moment most marijuana stocks are seeing some pullback.
This as mentioned above can be seen as a good buy-and-hold opportunity. The new year will bring with it some possible momentum in a few facets. For one there will be multiple chances to pass federal reform once more. Historically positive news on the matter has been the biggest market mover for the majority of marijuana stocks. Hopefully, 2023 will be the year federal reform is passed even if it’s just cannabis banking. The goal for the US cannabis industry is to have prohibtion terminated.
This would allow for many advances in the cannabis industry and various ventures to take place. Yet cannabis is still federally illegal in the US but this new year more states will vote to legalize cannabis. When more states vote to legalize cannabis it continues the growth and progress of the industry, Not to mention possibly seeing an increase in trading momentum for marijuana stocks. Nevertheless, make sure if you chose to invest in the cannabis sector you do your research before executing any type of investment. Always weigh your risk verse reward and stick to a good game plan.
Top Marijuana Stocks To Watch Today
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business.
Back on December 6th, the company announced the launch of a new limited edition, premium craft flower series by lifestyle brand, RIFF. The brand’s new series is designed to introduce two new collections of craft flower featuring a rotation of limited edition, rare genetics for the discerning RIFF consumer.
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Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements. As well as cosmetic products through e-commerce, retail, and hospitality partner channels. Which is under the Lord Jones and Happy Dance brands in the United States. In recent news, the company announced that its wholly owned subsidiary, Altria Summit LLC, relinquished a warrant to subscribe for and purchase up to 84,243,223 common shares of the Company.
Which is at a per-share exercise price of C$19.00. Plus all rights that it may have held in the Warrant or any common shares underlying the Warrant for no consideration. The voluntary relinquishment of the Warrant does not affect any rights of Altria under the Investor Rights Agreement between the Company and Altria, dated March 8, 2019.
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Altria continues to beneficially own 156,573,537 common shares of the Company and has four designees on the board of the Company, one of whom is independent.
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