It’s always surprising to watch different companies perform well within the marijuana stock market. Many marijuana stocks continue to balance market fluctuation and work with policy changes. Back in 2018, Canada became the first G-7 country to permit the adults use of marijuana legally. That was just the start of a new beginning in the Canadian cannabis industry. With the success of Canada passing the adult-use of cannabis, hopefully, pot stocks experience the same push in the market.
3 Marijuana Stocks Take Over The Market
With many companies to chose from 3 marijuana stocks SOL Global Investments Corp. (SOL Stock Report) (SOLCF Stock Report), Aurora Cannabis Inc (ACB Stock Report), and Village Farms International Inc (VFF Stock Report) look to take over the market after the recent correction. ACB and VFF are two cannabis companies which have had success in the market. Yet even though SOL is in a transition period trying to make headway with new developments, they still remain a marijuana stock to watch.
For a better understanding, SOL Global Investments Corp. is a global investment company focused on the legal cannabis industry. They have made strategic investments and partnerships in nutrition, distribution, and retail. One of These investments are working with the R&D projects down in south florid with the University of Miami and Greenlight Pharmaceuticals. In the last few months, the progress of this pot stock was not so optimistic. However back on Sep. 4th, SOL announced that Andy DeFrancesco would resign as chief investment officer and chairman. DeFrancesco is looking to take on a new role to run a new independent investment company: SOL Investment Group (SIG) which proposes to change its business to a US multi-state cannabis operator.
Another Pot Stock Weathers The Storm
Aurora Cannabis Inc is another pot stock to watch in the market. Known as one of the top marijuana stocks in the market, Aurora’s share price has soared more than 90% so far in 2019. The company’s products contain many aspects such as dried cannabis, cannabis oil, canna vegan capsules, consumable vaporizer accessories, and herb mills for using herbal cannabis products. The percentage of medical-marijuana use continues to increase. Now more and more people are able to accept the legal use of cannabis. It continues to create an excellent environment and drives momentum for pot stocks. The international market also provides ACB with another channel to get profits by exporting cannabis products from Canada. Another pot stock to watch is VFF.
Can This Pot Stock Thrives Through Market Correction
Another pot stock to watch is VFF. The company is involved in the management and operation of agricultural greenhouse facilities. The Company operates through two segments: Produce business and the Energy business. The Produce business produces, markets and sells the product group, which consists of fruits and vegetables. The Energy business produces power that it sells per a long-term contract to its customer. The Company markets and distributes under its Village Farms brand name, primarily to retail supermarkets and fresh food distribution companies across the United States and Canada.
VFF recently announced they are involved in a joint venture for cannabis production with Pure Sunfarms which has been approved by Health Canada. This approval will allow VFF to sell dried cannabis directly to provincial/regional wholesalers and retailers. Pure Sunfarms has entered into a supply agreement with Ontario Tobacco Retail Corporation and the British Columbia Wine Distribution Division. This news could add some momentum to the marijuana stock market.
What Does The Future Hold For Pot Stocks
Just from looking at these three pot stocks, one can say that the cannabis industry is even with its ups and downs is still profitable and promising. But keep in mind, before trying to find pot stocks to buy, you should analyze both successes and failures from reliable news sources. Doing your homework on each company will help avoid risky moves.
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