2 Marijuana Stocks To Buy Mid-July?
Some marijuana stocks are starting to see slow signs of upward trading. Yet this same issue remains that the amount of time a given marijuana stock will continue its rise is so short not all shareholders are able to take profits. This puts some shareholders in a place where they are left waiting for a recovery. When it comes to seeing a recovery for marijuana stocks there needs to be a reason as to why. Now the main reason shareholders have seen the biggest recoveries has been due to progressive news about federal reform.
For the US cannabis industry ending federal prohibition is the most crucial piece of legislation. This would allow for many ventures to take place that would still be federally illegal under current laws. Although more than half of the United States has legalized cannabis in some form. Another reason to see increased trading could be how well a particular company has performed. If a company can produce solid earnings and show growth and profitability it can help how the company trades in the market. As well overall news about the cannabis industry can also help to see more trading momentum.
Top Marijuana Stocks For Your 2022 Watchlist
Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. In recent news, the company along with Cantourage intensify its strategic partnership for the distribution of medical cannabis in Germany. Cantourage and Clever Leaves launched the ‘IQANNA No 10’-branded Wappa cultivar.
The dried flower product is cultivated in Clever Leaves’ facility in Portugal, where the company operates approximately 25,000 m2 of actively producing GACP-certified greenhouses. Which came following the successful introduction of Clever Leaves’ IQANNA No 7 medical cannabis flowers to the German pharmaceutical market.
Words From The Managing Director
Caroline Kliess, Managing Director of Clever Leaves Germany, comments: “We are excited to intensify our partnership with Cantourage and launch our next medical cannabis flower product under the IQANNA brand”
IM Cannabis Corp.
IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel, Germany, and Canada. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand. The company has not released new updates in the last month. Yet back in May the company did report its Q1 2022 earnings.
Q1 2022 Highlights
- Revenues increased 169% year-over-year to $23.6 million
- Gross profit, before fair value adjustments, was $6.4 million, representing an increase of 37% from Q1 2021 and 67% sequentially
- Completed four(1) strategic acquisitions in Israel, including the country’s largest retail and online pharmacy business and a trade and distribution center with an
- IMC-GDP license, and began centralizing operations of its newly acquired assets
- The Company’s WAGNERS brand sold out in Israel in three weeks, reflecting strong demand for the brand and premium indoor-grown cannabis imported from its Canadian cultivation subsidiary.
Words From The CEO
“We continue to progress well on our path to profitability and achieved another quarter of record revenues, which grew 169% year-over-year in the first quarter,” said Oren Shuster, Chief Executive Officer of IMC. “We execute key initiatives that drive margin expansion within each of our market segments and across our operating footprint, which reflect the benefits of integrating our global model.
Final Thoughts On The Investing In Marijuana Stocks
Many publicly traded cannabis companies in the stock market, today are still showing unpredictable trading. This goes hand in hand with what’s mentioned above and how as quickly as a company can rise is as fast as it can drop. However, this all can put those who bought shares at lower entry levels waiting to see this rise as they continue to buy the dips. The reason to further buy the dip is to help lower a shareholders average position which can also help to see a better return. So if you are looking to invest in marijuana stocks today these above companies could be worth watching.
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