Investors Could Make Money From These Marijuana Stocks
Marijuana stock investors are keeping their eyes open for a chance to take profits. For some time the level of volatile trading has made it tough to do so. Although it has its pros and cons there has been a lack of upward trading. From this, it has left many more traders with concerns about future trading. Yet some see this as a means to prepare for the future as the cannabis industry is still developing. More companies are working to expand the industry and keep things moving in the right direction.
For example, more companies are working on new products and strategic partnerships. Some are acquiring other companies to become super companies that can do more for the industry. What this all does is help add more posts for investors. When people see progress is being made it leaves them looking for top marijuana stocks to buy. No one wants to be late to invest when they could have taken action.
That is why more investors are focused on taking profits as well as setting themselves up for the future. Right now is a good time to strategize and prepare as there is still more to be done. As mentioned before the more success the more interest it will create among investors. Just make sure you do your research and establish a plan that you feel will ultimately make you money. The companies below are several marijuana stocks to watch right now in the stock market.
Top Marijuana Stocks To Watch Today
- Aurora Cannabis Inc. (NASDAQ:ACB)
- Organigram Holdings Inc. (NASDAQ:OGI)
- Cronos Group Inc. (NASDAQ:CRON)
Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation.
The company produces, distributes, and sells medical and consumer cannabis products in Canada. In recent news, the company announced the closing of its C$38.8 million bought deal financing The gross proceeds include the full exercise of the over-allotment option by Canaccord Genuity to purchase 6,937,500 additional common shares of the Company on the same terms as the Offering.
Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. Recently the company filed a preliminary short-form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada.
A corresponding shelf registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission but is not yet effective. The Base Shelf Prospectus, when made final and effective, will allow Organigram to qualify for the distribution of up to C$500,000,000 of common shares, and debt securities. As well as subscription receipts, warrants, and units during the 25-month period that the Base Shelf Prospectus remains effective.
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 brand in the United States.
On October 5th the company announced its brand Spinach won best pre-roll at Grow Up Awards. The annual Grow Up Awards celebrate excellence in the cannabis industry. Which recognizes outstanding achievements and innovation in a variety of cannabis-related categories.
Words From The Company
“Spinach® pre-rolls are designed to crank the volume and thrill the senses with cultivars that have flavor-forward, rich terpenes and aroma profiles as well as first-in-class genetics and unrivaled potency. We are incredibly proud to be recognized by the Grow Up Awards in this category,” said Mike Gorenstein, Chairman, President, and CEO, of Cronos.
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