Top Canadian Marijuana Stocks To Watch In 2023
Marijuana stock investors are starting 2023 with good momentum in the sector. At the moment shareholders are taking advantage of this recent upswing. The last few months of 2022 were a time for preparation. Specifically, with all the volatile trading there were more declines than recoveries. This made it easier to find top marijuana stocks to buy. For some who felt that the new year would bring better trading, they held their position. This is why over the last week or 2 marijuana stock investors have seen better profits.
Now this upward push has the chance to be sustained if certain things go to plan. For example, many feel that with a new chance to pass federal reform any positive news on the matter may trigger a run. Yet this is not set in stone but the past has shown that positive news on the matter normally leads to better trading. In fact, it seems that people are showing optimism due to the consistency in momentum in recent trading.
For those who feel they may have missed the boat in finding marijuana stocks that are not entirely true. The cannabis sector is one of the more unpredictable sectors where anything can change without warning. So if you can catch the market at the right time finding the right marijuana stocks to invest in is still a high possibility. Just make sure you keep a good watch and conduct thorough due diligence before.
Marijuana Stocks To Watch 2023
- Organigram Holdings Inc.(NASDAQ:OGI)
- Cronos Group Inc. (NASDAQ:CRON)
- Tilray Brands, Inc.(NASDAQ:TLRY)
Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries engages in the production and sale of cannabis and cannabis-derived products in Canada. In recent news, the company announced it will be reporting its Q1 fiscal 2023 results.
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 Lord Jones and Happy Dance brands in the United States. Back on December 19th, the company announced the receipt of notice of relinquishment of a warrant by Altria. Altria Summit LLC relinquished a warrant to subscribe for and purchase up to 84,243,223 common shares of the Company at a per-share exercise price of C$19.00.
As well as all rights that it may have held in the Warrant or any common shares underlying the Warrant for no consideration. The voluntary relinquishment of the Warrant does not affect any rights of Altria under the Investor Rights Agreement between the Company and Altria, dated March 8, 2019.
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Altria continues to beneficially own 156,573,537 common shares of the Company and has four designees on the board of the Company, one of whom is independent.
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.
In recent news, the company announced it will be reporting its second quarter fiscal 2023 financial results. This release is set to happen on January 9th. Tilray will host a live audio webcast to discuss these results at 8:30 am Eastern Time. Which can be accessed on the Investors section of Tilray’s website at www.Tilray.com.
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