Top Marijuana Stocks For Your September 2023 Watchlist
The cannabis industry is still evolving and has had its fair share of ups and downs. There has been an ongoing battle to establish better laws and regulations. Right now many legal states are facing concerns of high state taxes and other regulatory concerns. This has made it tough not just to invest but also to see sustainable market momentum. Still, there is a lot to look forward to as overall progress continues for the industry.
As more places around the world legalize cannabis there is an increasing chance of better investment opportunities. When looking for the top marijuana stocks to buy you should have a plan. Even with a plan things can change especially in a volatile sector like marijuana stocks. However, having a game plan that allows you to adapt to market change is important.
As well making sure you do your research on the sector and companies will help when investing. When you can identify top movers and market trends it can help you buy and sell at the right moments. For now, investors are looking towards the future as there is more to be seen and done. The companies below are 3 marijuana stocks that could offer some upside to your portfolio this week.
Marijuana Stocks To Watch Now 2023
Aurora Cannabis Inc.
It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. On August 14th the company announced its results at its annual general meeting.
Highlights Key Mentions
- Setting the size of the Board at seven (7) directors;
- A non-binding advisory resolution on the Company’s approach to executive compensation
- The appointment of KPMG LLP as auditors of the Company for the ensuing year.
Cronos Group Inc.
As well as cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones brand in the United States. Recently the company reported its second quarter 2023 earnings.
Q2 2023 results
- Net revenue of $19.0 million in Q2 2023 decreased by $2.6 million from Q2 2022.
- Gross profit of $3.1 million in Q2 2023 decreased by $1.2 million from Q2 2022.
- Adjusted EBITDA of $(15.9) million in Q2 2023 improved by $0.7 million from Q2 2022
[Read More] 3 Marijuana Stocks To Watch Today 2023
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 extended an outside date for the closing of the strategic partnership.
SNDL and Nova anticipate that the Transaction will close on or before September 30, 2023. Which is subject to the receipt of regulatory approval and the amendment to certain terms of the Transaction that are mutually satisfactory to SNDL and Nova.
Words From The Company
“SNDL and Nova recently participated in constructive discussions with the regulatory body responsible for final approval,” stated Marcie Kiziak, CEO of Nova. “The conversation was productive, and we are confident in the transaction’s timely progression.
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