The Best 3 Marijuana Stocks To Buy In The Market Today?
Marijuana stock investors are taking advantage of any upward push they can. In recent trading, there have been volatile pops in the sector. However for the most part these recoveries do not last long and eventually, most of the cannabis sector reverts back to a decline. Even with a decline and a chance to find top marijuana stocks to buy shareholders want to see better momentum. This past month more companies have been reporting 2023 first-quarter earnings.
From this, there has been a slight uptick in some marijuana stocks. Although the bulk of the sector stayed in a downward position. Still, some remain optimistic and treat much of the cannabis stocks as long-term plays. Now at one point in time, the cannabis sector was known for short-term investing and being able to produce decent returns for some investors. However, this is not currently the case but hopes are high for future investing.
Especially with no federal reform in place which many feel with bring a degree of consistency when it comes to upward trading. For now, it’s best to create a trading plan and invest for the future and if possible take profits however you can. Just remember to do your research and be cautious of any market changes that can impact how you trade. Below are several marijuana stocks to watch right now in the stock market.
Marijuana Stocks For Your 2023 Watchlist
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- High Tide Inc. (NASDAQ:HITI)
- TILT Holdings Inc. (OTC:TLLTF)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. On May 17th the company announced the postponement of the yearly meeting of stockholders.
The company’s virtual 2023 annual meeting of stockholders, scheduled for Friday, May 26, 2023, at 10:00 a.m. Eastern Time, will be postponed. So the new date and time is Friday, June 2, 2023, at 10:00 a.m. Eastern Time. This is due to unexpected administrative issues in the printing and mailing of the proxy materials for the Annual Meeting.
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High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company manufactures and distributes smoking accessories and cannabis lifestyle products. Recently the company announced it will release its financial and operational results for the quarter ended April 30, 2023, on Wednesday, June 14, 2023.
Following the release of its second-quarter financial and operational results, High Tide will host a webcast. This will include Raj Grover, President, and Chief Executive Officer, and Sergio Patino, Interim Chief Financial Officer. This will be to discuss the Company’s financial results and its plans for the remainder of 2023, at 11:30 AM Eastern Time on Thursday, June 15.
TILT Holdings Inc.
TILT Holdings Inc. operates in the cannabis industry in the United States, Canada, Israel, Mexico, South America, and the European Union. It operates through Cannabis, Accessories, and Other segments. In recent news, the company announced changes to its leadership and the departure of its CFO. Dana Arvidson, who has served as Chief Financial Officer (“CFO”) since December 2022, has departed the Company effective today. During this transition period, Brad Hoch, TILT’s former CFO, and current Chief Accounting Officer, has been appointed Interim CFO.
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Words From The Company
“Dana Arvidson played a key role in refinancing our legacy debt earlier this year. We wish him well,” stated TILT’s Interim Chief Executive Officer, Tim Conder. “We are fortunate to have our former CFO, Brad Hoch, who we expect can seamlessly fill this role on an interim basis.”
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