3 Marijuana Stocks To Buy Mid-July That May Turn A Profit
The progress of the cannabis industry has contributed to more people looking to invest. But how will people know which marijuana stock to buy? This can be answered in several ways Initially you would create a list of different cannabis companies. Once you have made your watchlist you will then begin your due diligence on each of them. Now this part is where you will research each company and see what the pros and cons of each marijuana stock are.
Researching info like recent and past company news finances and current projects can be helpful. As well if the company’s business is profitable and can show some sort of progress. At one point in time how a marijuana stock trades in the market was a big factor in whether you should invest. However, there has been an increase in volatile trading which has led to more predictable patterns.
Although how a company performs in the stock market is important the current focus for many is investing for the future. Which is currently being judged by the success and continued progress of a company out of the market. Still, there are moments where small windows of better trading occur allowing investors to take profits and restore a bit of confidence in the sector. The companies below are several marijuana stocks to watch for better momentum this month,
Top Marijuana Stocks For Your 2023 Portfolio
- Clever Leaves Holdings Inc. (NASDAQ:CLVR)
- IM Cannabis Corp. (NASDAQ:IMCC)
- Jushi Holdings Inc. (OTC:JUSHF)
Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally.
In recent news, the company completes the sale of processing assets in Portugal to the Curaleaf international subsidiary. The company announced it has closed the sale of the assets, including lab and processing equipment. Which was previously used in its EU-GMP-certified cannabis processing facility.
Words From The Company
“Closing the sale of our Portuguese processing assets represents an important next step in the wind-down of our Portuguese operations while consolidating our cultivation and manufacturing processes in our EU-GMP certified facilities in Colombia,” said Andres Fajardo, CEO of Clever Leaves”.
IM Cannabis Corp.
IM Cannabis Corp. engages in the breeding, growing, and supply of medical cannabis products in Israel and Germany. On June 13th the company announced it has received NASDAQ notification of regaining compliance with Nasdaq’s minimum bid price requirement. The Company was notified by Nasdaq on April 10, 2023, that it was not in compliance with the Minimum Bid Price of $1.00 per share. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Nasdaq provided a 180-calendar day period following the date of the notice.
Which is to regain compliance, or until October 9, 2023. To regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more. Specifically for at least 10 consecutive trading days. From May 26, 2023, through June 9, 2023, a period of 10 consecutive trading days, the closing bid price of the Company’s listed securities was greater than $1.00 per share. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter has been closed.[Read More]
Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States.
Recently the company announced its support for a Pennsylvania Bipartisan adult-use cannabis bill. So Jushi Holdings is showing support for Senate Bill 846, which was introduced by Sens. Dan Laughlin (R-49) and Sharif Street (D-3). This bill would legalize cannabis for adults 21 years and older.
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