These Marijuana Stocks Are Worth Checking Out In 2023
The cannabis industry has exploded in recent years, with the legalization of marijuana in many states within the US. As well as other countries around the world. This has led to a growing interest in marijuana stocks, as investors look to capitalize on the growing industry. In this piece, we will provide an overview of the cannabis industry and the potential opportunities and risks of investing in cannabis stocks.
The legal weed industry includes companies involved in the cultivation, distribution, and sale of cannabis products. This also includes recreational and medical cannabis. In addition to companies that produce and distribute marijuana. As well as those involved in ancillary businesses such as cannabis technology, packaging, and marketing. With all of the above, it intrigues the more optimistic trader to look for the best marijuana stocks to buy. Especially at a time when the sector is facing a volatile pullback giving most chances to purchase shares a low entry point.
Investing in marijuana stocks can be a lucrative opportunity for investors. However, it is important to understand the risks involved. One risk is the legal uncertainty surrounding the cannabis industry, particularly in the United States. This issue alone is one of the big factors as to why the sector is so volatile. The industry is still in its early stages, and as such, there can be significant fluctuations in stock prices. This can create opportunities for investors looking to make a quick profit. But it can also lead to significant losses. That is why it’s best to always do your research and create a trading plan that allows you to adapt to any market changes.
Top Marijuana Stocks To Watch 2023
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California.
Recently the company announced it continues to unveil an all-new Lowell-infused 35’s pre-roll at BottleRock Napa Valley Festival
Words From The Company
“BottleRock will truly offer the ‘first taste of summer’ this year, as it’s the perfect destination to debut what we anticipate will become one of our most popular products,” says Lowell Farms Co-Founder and Chief Executive Officer Mark Ainsworth. “From the careful selection of our premium flower to the preservation of our sauce and our unique infusion process, Lowell Infused 35s is truly the next evolution in potency and pleasure.
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Cansortium Inc.
Cansortium Inc. through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company’s medical cannabis products are offered in oral drops and capsules. As well as topicals, syringes, dried flowers, pre-rolls, cartridges, and edibles under the Fluent brand name.
Recently the company announced it has issued an aggregate of 2,031,250 common shares. This was to certain of its directors in exchange for the cancellation of US$162,500 of director fees owing. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company.
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. It owns, operates, and manages cannabis cultivation facilities and dispensaries in several states across the United States, including Illinois, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania. 
Back on June 16th, the company announced its intent to complete a private placement with large existing debt and equity investors. Which lead to raising $7 million in additional equity. The Company intends to use the proceeds from the Private Placement to pursue potential acquisitions of debt or equity in, or the assets of, certain companies in the cannabis industry. Which would be consistent with the Company’s current business strategy.
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Words From The CEO
“We are seeing a lot of attractive acquisition opportunities that Ascend believes could be significantly accretive,” said John Hartmann, the Chief Executive Officer of Ascend Wellness Holdings, Inc. “We are pleased to raise this equity from an existing debt and equity investor and appreciate their continued support of Ascend and our acquisition strategy.”
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