Here Are Some Canadian Marijuana Stocks To Watch Mid-August
What’s next for marijuana stock investors as the sector’s recent rise in trading has people talking. Recently there has been an increase in trading that allowed some investors to take profits. Yet in true cannabis fashion, this rise in trading was short-lived. Yet it is moments like this where newfound confidence can be found when looking to invest in legal cannabis. The growth and boom of legal cannabis are still going strong and developing day by day.
Over time it seems there is less fear and doubt around the idea of a legal cannabis industry. Currently, legal states are generating over a billion dollars on average almost every quarter. This alone has many interested in the future of legal cannabis. So the shortest road to Rome for investing is finding top marijuana stocks to buy. The speculation of what could happen in the future is keeping investor’s hopes high.
As more work is being done to pass federal reform and better state-level regulations it seems the cannabis industry is here to stay. Now is a great time to get educated and learn about legal cannabis and pot stocks and the various ways to get involved. Set up a game plan and use this as a guide to investing or building a cannabis watchlist.
Top Marijuana Stocks For You
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
Tilray Brands, Inc.
Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, 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 the launch of new THC-infused sparkling beverages and topical brand Solei. With the positive receptivity from their first initial launch of beverages last summer of 2023, Solei has launched two additional infused sparkling drinks. Particularly with a focus on lower THC, and dominant CBD and CBG cannabinoids.
Canopy Growth Corporation
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. Recently the company announced the CEO succession plan. 
Mr. David Klein, CEO, of Canopy Growth, will be retiring at the conclusion of the Company’s current fiscal year ending March 31, 2025. Until this date or such time that a successor is named, Mr. Klein will continue in his role as CEO and as a member of the Company’s Board of Directors. Which is intended to advance Canopy Growth’s strategic objectives including profitability and ensure an effective transition.
[Read More] 2 Marijuana Stocks To Add To Your Cannabis Watchlist
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production, and marketing of cannabis products in Canada, Israel, and Germany. On August 8th the company reported its Q2 2024 earnings. 
Highlights And Key Mentions
- Net revenue of $27.8 million in Q2 2024 increased by $8.7 million from Q2 2023.
- Gross profit of $6.3 million in Q2 2024 increased by $3.2 million from Q2 2023.
- Adjusted EBITDA of $(11.1) million in Q2 2024 improved by $4.9 million from Q2 2023.
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