Marijuana Stocks To Watch Before Tuesday
Currently, the way marijuana stocks have been trading is giving people a reason to invest. It seems that the strategy being used to make a profit is quite simple you buy low and sell high. This method is being used every time a cannabis stocks dips. A lot of investors and traders have taken notice of the pattern of trading and have been focused on ways to capitalize off of it. Due to how volatile the cannabis sector is and all the hype of federal cannabis reform there is a renewed interest in the cannabis industry. Many investors are looking at the U.S cannabis companies as the more solid investment versus Canadian cannabis companies. From a fundamental standpoint, U.S. cannabis companies seem to have a better foundation than Canadian marijuana companies.
However there some investors and advocates feel even with Canadian cannabis stocks picking up momentum the big bet is on the U.S. cannabis industry. Now if federal cannabis reform passes some feel this will help Canadian cannabis companies reach new levels. This will be because now companies can finally do business in the United States from outside regions. This is in addition to being able to uplist to other U.S. stock exchanges. As it stands over the last year there has been a high volume of money that has been put into many cannabis companies.
This was done so investors can position themselves to be apart of one of the fastest-growing industries in the world. 2021 holds great value and growth potential to the cannabis industry as a whole. With cannabis stocks trading well in the market and companies preparing for the future this year may shape up to be one of the better times for the industry.
Top Marijuana Stocks To Watch
iAnthus Capital Holdings Inc
iAnthus Capital Holdings Inc is a Canadian cannabis company headquartered out of Vancouver. The company produces, owns, and operates licensed cannabis cultivation facilities. As well as running dispensaries in the United States. Over the last several months the company has picked up some much-needed market momentum. ITHUF stock started to trade down at the start of 2020. From July to the end of November the company was trading sideways. However, when December came around the company was able to push up in the market. November 30th to December 4th ITHUF stock shot 98 percent.
During this particular time was a prime example of buying low and selling high. Although dipping down at the end of December overall for the month ITHUF stock was able to climb to better levels than mid-2020 trading. For the first 2 weeks of trading in 2021 ITHUF stock was able to climb to reach gains of 40 percent. The type of volatility that the company faces makes ITHUF stock a better short term investment for some traders.
For the last half of January ITHUF stock once again dipped in trading before rising back up in February. From the end of January to February 5th, ITHUF stock was able to recover from previous lows with a 34 percent increase in the market. Overall ITHUF stock is up 78 percent for February and as things progress for the company this may be a marijuana stock to watch for short-term gains in 2021.
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Jushi Holdings Inc.
Jushi Holdings Inc. has been an interesting marijuana stock to watch from 2020 to now. The company’s operation focuses mainly on hemp products. In addition to hemp, the company also works with growing processing and selling medical and adult-use products. From the start of August, the company has been on an upward trend. From August to the end of October JUSHF stock reached gains of 29 percent. These 3 months of trading gave investors a chance to see the company perform in a way that led to more people investing in this marijuana stock.
Pushing on from the end of October over the next 3 months of trading the company continued its upward push in the market. In November JUSHF stock was still making a subtle upward push but it wasn’t until the end of 2020 before the company hit even higher levels. November 24th to December 31st JUSHF stock has a 98 percent increase in trading. Continuing from this point JUSHF stock was able to keep climbing in the market. January 4th to 25th JUSHF stock hit gains of 18 percent.
Now on the last few days of January JUSHF stock had a slight dip before bouncing to new all-time highs in the following month. February 1st to the 9th JUSHF stock had a nice rally which made for a 22 percent increase in trading. During this time Jushi hit a new all-time high with a share price of $8.60. Currently for the month of February JUSHF stock is up 15 percent. Although there is no concrete way to know how long this rise will last. Currently, the company is showing investors why Jushi is a marijuana stock to watch in 2021.
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