Pot Stocks For Cannabis Investors
Marijuana stock investors are soon to enter a new month of trading. This leaves hopes high that better momentum will occur at some point. Most cannabis stocks trade in a volatile fashion showing more unpredictable market behavior. When a company does not have consistency in the stock market it can have both an advantage and disadvantage. The upside to a volatile market is finding top marijuana stocks to buy in a decline.
On the downside, volatility has led to seeing shares drop unexpectedly. With both these pros and cons of marijuana stock investing this is where learning how to work the volatile trading is how most have profited. Much of this takes learning about the companies in the sector and having a trading plan in order. The more you can follow the sector the more opportunities you may encounter in the long and short term.
Depending on what the reason is whether sector or company news trading can change without warning. Especially with how the cannabis industry overall is showing tremendous growth. Even with no federal reform in place the amount of money being made in the USA alone is increasing. When companies can show to be profitable it is the way to earn the trust of an investor. It says even though the industry works in the grey area it is expanding and money is being made. Below are several marijuana stocks to watch in a volatile market.
Top Marijuana Stocks For You 2024
- Glass House Brands Inc. (OTC:GLASF)
- Gold Flora Corporation (OTC:GRAM)
- StateHouse Holdings Inc. (OTC:STHZF)
Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. The company operates in three segments: Retail; Wholesale Biomass; and Cannabis-Related Consumer Packaged Goods.
In recent news, the company announced its voting results following the annual general and special meeting. At the Meeting, all seven nominees for the board of directors of the Company were elected, the voting results of which are as follows:
Director Number of Shares(1)
For Withheld/Abstain
Kyle Kazan 112,809,884 (99.85 %) 174,886 (0.15 %)
Graham Farrar 112,837,474 (99.87 %) 147,296 (0.13 %)
John Nichols Jr. 112,962,867 (99.98 %) 21,903 (0.02 %)
Humble Lukanga 112,920,109 (99.94 %) 64,661 (0.06 %)
Jocelyn Rosenwald 112,787,102 (99.83 %) 197,668 (0.17 %)
George Raveling 112,941,726 (99.96 %) 43,044 (0.04 %)
Yelena Katchko 112,947,478 (99.97 %) 37,292 (0.03 %)
Gold Flora Corporation
Gold Flora Corporation engages in the cultivation, manufacturing, distribution, and retailing of cannabis products in the United States. On June 14th the company reported on the updated voting results from the 2024 annual general meeting of stockholders.
A total of 101,786,999 votes were cast or represented by proxy at the Meeting, representing approximately 35.39% of the outstanding shares of common stock as of the record date. A total of 65,652,107 votes were voted in connection with the election of directors. The voting results about the election of directors were as follows:
Number and Percentage of Votes Cast
Name of Director Votes For Percentage For Votes Against/ Abstained Percentage
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Against / Abstained
Laurie Holcomb 65,006,286 99.02 % 645,731 0.98 %
Michael W. Lau 64,433,809 98.14 % 1,218,208 1.86 %
Heather Molloy 64,578,216 98.36 % 1,073,801 1.64 %
Jeffery Sears 64,578,059 98.36 % 1,073,958 1.64 %
Al Foreman 64,627,745 98.44 % 1,024,272 1.56 %
Mark Castaneda 64,568,529 98.35 % 1,083,488 1.65 %
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StateHouse Holdings Inc.
StateHouse Holdings Inc., an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. On June 7th the company sets a date to report Q4 and end of 2023 financial results.
As well as 2024 financial results. In conjunction with the filing of the Company’s annual documents, the Company will apply to the Ontario Securities Commission. The purpose of this is to have the previously disclosed failure to file a cease trade order (the “FFCTO”) revoked.
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