3 Marijuana Stocks To Watch For Stronger Trading In July
Investing in marijuana stocks takes having a better understanding of how the sector and companies work. For example, when you can learn study, and know what a company has done and is currently doing it helps to make better investment choices. No one wants to invest in companies that had prior success but are struggling to see progress. Not to mention the industry is still young and new companies are being created. In addition to seasoned companies ethier creating strategic partnerships or being acquired.
Either way, there is room to find an upside to investing in cannabis stocks if you do your research correctly. Plus creating a trading plan that allows you to adjust to any variables in the sector. Much of the way marijuana stocks trade is unpredictable for the most part. This has been the tough part for shareholders knowing when a company will have better days of trading. Still, with the level of pullback, there is time to find the best marijuana stocks to buy.
With more to be seen and done the strategy for investors is more long-term at the moment. This is why some are investing in the sector with limited action as the future of cannabis is on a strong path of progress. Below are several marijuana stocks to watch that could soon build better momentum.
Top Marijuana Stocks For Cannabis Investing
- SNDL Inc. (NASDAQ:SNDL)
- Cronos Group Inc. (NASDAQ:CRON)
- Village Farms International, Inc. (NASDAQ:VFF)
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. In recent news the company announced together with Nova Cannabis they have extended the outside date for the closing of the strategic partnership.
SNDL and Nova anticipate that the Transaction will close on or before July 25, 2023, subject to the receipt of regulatory approvals and the amendment to certain terms of the Transaction that are mutually satisfactory to SNDL and Nova.
Words From The Company
“We have been closely collaborating with regulators and continue to progress toward completion of the Transaction,” said Marcie Kiziak, Nova’s Chief Executive Officer. “We are excited to further solidify Nova’s leadership position in the Canadian cannabis retail market and continue to drive sustainable growth through a well-capitalized cannabis retail platform and our partnership with SNDL.”
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 the Lord Jones brand in the United States.
At the end of May, the company announced its streamlined operating structure to improve cash flow. Consequently, beginning with the second quarter of 2023, the Company intends to report its financial results under one consolidated segment and will no longer report the U.S. and the Rest of the World as separate segments.
Village Farms International, Inc.
Village Farms International, Inc. together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. Recently the company’s subsidiary launched a new BC-grown cultivars from its sun-filled greenhouse.
Each new cultivar features unique aromas and lineage offering a variety of flavors—from fresh herbs, fruit, and citrus to spice and gas. Consumers can expect a fresh and flavourful, potent BC bud experience from Pure Sunfarm’s new dried flower products. The new signature strains will be available in convenient whole-dried flower packs and 10-pack pre-rolls.
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