Top Canadian Marijuana Stocks To Buy Heading Into November?
Some marijuana stocks are still showing upward momentum in the last week of October. This could be due to earning reports starting to be released in various sectors. At times when news such as quarterly reports begin to surface it can impact other sectors a the same time. Nevertheless, there are others factors as to why some marijuana stocks are still seeing a good push to start the week. Right now investors have a good amount of optimism and positive speculation. This is mainly due to how young the cannabis industry is and how things are further developing.
There is a major push for federal cannabis reform in October President Biden and Sen. Cory Booker each spoke on the matter. Just off Biden’s federal pardons and Sen Booker’s positive outlook, resonated well with marijuana stocks in the stocks market. For the other companies facing some pullback, it can be a chance for investors to pick up some shares for good entry points.
A rule to remember is if the company shows a decline and depending on which company you may want to see it as a marijuana stock to buy. The best thing as an investor you can ever do is to put yourself in a position to see the most upside. However, before executing any trades you want to learn about the sector and the companies you feel are worth investing in. The companies below are a few options that could offer value to your marijuana stock portfolio.
3 Marijuana Stocks To Watch In The Stock Market
- Canopy Growth Corporation (NASDAQ:CGC)
- Neptune Wellness Solutions Inc. (NASDAQ:NEPT)
- Cronos Group Inc. (NASDAQ:CRON)
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis. In addition to hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.
Recently the company announced an extension of its Ace Valley brand portfolio with the launch of Lust Cherry Rose and Thrust Watermelon Goji. These two new, distinctly flavored, gummies are the first of their kind in the Canadian market, celebrating the intersection of cannabis and sex positivity by empowering consumers to enhance their personal experiences.
[Read More] Top Pot Stocks To Keep On Watch Going Into 2023
Neptune Wellness Solutions Inc.
Neptune Wellness Solutions Inc. operates as an integrated health and wellness company in Canada, the United States, and internationally. It builds a portfolio of lifestyle brands and consumer packaged goods products. On October 21st the company announced it has reached a settlement in shareholders’ class action litigation. The settlement provides for a gross payment to the class of between $4 and $4.25 million. As well as the exact amount being within the Company’s control and dependent on the type of consideration used.
The settlement is subject to Court approval and certification by the Court of the class. The settlement will resolve this matter against all defendants, and the consideration will be used to satisfy settlement administrator expenses. This includes plaintiffs’ attorneys’ fees and costs, and payments to all members of the Class. In exchange for the settlement consideration, the Company and the other defendants will be released from all claims by the plaintiffs and the class. The Company denies all wrongdoing and liability and the settlement does not constitute an admission of wrongdoing or liability by the Company or any defendant.
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States.
The company is also involved in the cultivation, manufacture, and marketing of cannabis. Plus cannabis-derived products for the medical and adult-use markets. In recent news, the company announced it will hold a 2022 Q3 earnings conference call on November 7th, 2022. Cronos’ senior management team will discuss the Company’s financial results. As well as being available for questions from the investment community after prepared remarks.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | email@example.com