Best Cannabis Stocks To Invest in Right Now In March

Will These Marijuana Stocks Reach Higher Trading Levels?

If you are looking for cannabis investing options then looking for marijuana stocks could be for you. The cannabis industry as a whole is relatively still young and evolving day by day. There are new and seasoned companies working on new products and ventures. When this occurs it can lead to more investment opportunities. When looking for the best companies in the sector it takes time patience and a lot of research beforehand.

Knowing all you can about a company from current past and future endeavors gives better insight into which marijuana stocks to invest in. The publicly traded side of the cannabis industry is where most find themselves when looking to invest. Not everyone has the ability to invest or be a part of a company directly. That is why searching for the best marijuana stocks to buy is big for everyday people.

Right now it seems that many cannabis stocks are seen more as mid to long-term investments. This is due to increased volatile trading which has led to more downtrends than uptrends. Many are focused on the future of the sector as more people are taking up positions from any monetary pullback. Below are a few pot stocks to watch heading into next month.

Marijuana Stocks To Watch Today

  1. Canopy Growth Corporation (NASDAQ:CGC)

Canopy Growth Corporation

Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. In recent news, the company announced the refinancing of C$100 million of Notes due 2023. So Canopy entered into an exchange agreement with Greenstar Canada Investment Limited Partnership. marijuana stocks on robinhood Canopy Growth (CGC)

This was done in order to extinguish C$100 million aggregate principal amount of the Company’s outstanding 4.25% unsecured notes due 2023. Pursuant to the Exchange Agreement, the Company agreed to acquire and cancel C$100 million aggregate principal amount of the Existing Notes held by GCILP. Which is in exchange for: (i) a cash payment to GCILP in the amount of unpaid and accrued interest owing under the Existing Notes held by GCILP. As well as a promissory note issuable to GCILP in the aggregate principal amount of C$100 million payable on December 31, 2024.

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SNDL Inc. engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical market in Canada. SNDL The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, And Investments. Recently the company reported its full-year and fourth-quarter 2022 financial results.

Q4 2022 Highlights

  • Record net revenue for 2022 of $712.2 million, an increase of 1170% over the previous year.
  • Net cash used in operating activities for 2022 was $6.7 million compared to $155.8 million in 2021.
  • Gross margin grew to a record $140.4 million for 2022, compared to a loss of $9.0 million in the previous year.
  • Net loss of $372.4 million for 2022, compared to $226.8 million in the previous year.

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  • Adjusted EBITDA loss was $15.8 million in 2022, compared to Adjusted EBITDA of $30.4 million in the previous year.

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