Top Canadian Marijuana Stocks To Buy And Sell In 2024
Are marijuana stock investors using volatility to their advantage? As most know the cannabis sector is a place where most of the pot stocks trade with inconsistent patterns. Now to elaborate most companies trade with patterns that often show major volatility. This is what makes it tough to identify when it is time to buy or sell. To be more descriptive when there is a jump in trading you do not know how long it will last.
That is why it is best to take profits as you can. The thing with volatility is it’s hard to gauge when things will rise or fall. That is also why some have not been able to leverage volatility in their favor. Yet if you find that the sector is showing a decline this is when you would find the best marijuana stocks to buy.
Overall the best way to use volatility is to make sure you catch the dip at a good level and sell when the recovery happens. But as mentioned above the time in which most recoveries occur are short windows. Try your best to keep an active watch on the sector so that when there is a chance to make money you do not miss it. Below are several marijuana stocks to watch for better trading in a volatile sector.
Marijuana Stocks To Watch Today
- SNDL Inc. (NASDAQ:SNDL)
- Canopy Growth Corporation (NASDAQ:CGC)
- Organigram Holdings Inc. (NASDAQ:OGI)
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments.
Recently the company and Nova Cannabis remain committed to its partnership. Due to the past termination of the implementation agreement.
Words From The Company
“We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment,” said Zach George, Chief Executive Officer of SNDL. “The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership. SNDL remains committed to being a strong financial partner to Nova, with a focus on fostering sustainable business growth and development.”
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 completed sale of BioSteel business.
Words From The CEO Of Canopy
“With the completion of these two sale transactions, we have completed another critical action to focus Canopy Growth’s business on our core cannabis operations and can now realize the proceeds of sale to further improve the Company’s balance sheet,” said Judy Hong, Chief Financial Officer, Canopy Growth. “We wish the new owners the best in the future operation of the brand and assets.”
[Read More] 3 Marijuana Stocks To Buy Mid-December
Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. Back in November, the company announced increasing its investment in Phylos after a successful milestone achievement. Organigram’s ongoing trials using Phylos technology have resulted in highly uniform, predictable, and fast-growing seedlings.
The milestone achieved so far consists of:
1:1 THCV cultivar at 10%+ THCV potency – delivered
3:1 THCV cultivar at target 18% THCV (16% minimum) – delivered
2 THC aroma-specific cultivars (in either Berry, Citrus, or Gas) – four delivered to date
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