Will These Marijuana Stocks See Better Trading In The Near Future?
It seems as if marijuana stocks are still showing a lack of consistent momentum. When a marijuana stock is on the rise it only lasts for so long making it tough for some shareholders to take profits. Now even though the trading average for the sector is down more action has occurred than this time last year. Yet this has left many investors and shareholders concerned about future trading. Even with volatile trading creating chances to find top marijuana stocks to buy some feel it may not be worth it. Well, this may be from the inconsistency and certain things outside of the market.
For example, cannabis is still federally illegal making certain ventures and business moves tough to execute. As well many states are still building and structuring their legal market making it a bit of a task for certain legal companies to get their operations up and running. Another perspective is with many things still needing to be set up and regulated getting invested beforehand can be a good move. At a time when something is still being worked such as the legal cannabis market, you will often time see some tough moments like any emerging industry.
However, once things become set up and business is operational that’s when a possible increase in momentum can occur. So when it comes to investing in marijuana stocks or any sector doing so while the cannabis industry is still developing can have more upside in the long run. Some investors find value in up-and-coming industries so they can get in before the action takes off. The companies mentioned below are a few options to keep on your radar this month.
Marijuana Stocks To Watch Right Now In Stock Market
- Glass House Brands Inc. (OTC:GLASF)
- Lowell Farms Inc. (OTC:LOWLF)
- Planet 13 Holdings Inc. (OTC:PLNHF)
Glass House Brands Inc.
Glass House Brands Inc. cultivates, manufactures, retails, and distributes raw cannabis, cannabis oil, and cannabis consumer goods to wholesalers and consumer packaged goods retail stores. Over the last 4 weeks, the company has made several updates. On June 3rd the company announced it has finished its first SoCal harvest ahead of schedule. Management initially projected the first harvest could occur in the third quarter of 2022. Following this news, the company announced on June 7th the departure of Jamin Horn, General Counsel, and Corporate Secretary.
In anticipation of Mr. Horn’s departure, several highly-skilled candidates were identified and are being vetted. Prior to the appointment of Jamin’s successor, his responsibilities will be covered by external counsel and the Company’s internal legal resources. Jamin has agreed to provide transition support until his duties are assumed by his replacement. In recent news, the company announced the voting results following the annual general meeting.
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California. At the start of June, the company announced it has acquired an automated pre-roll manufacturing assets from a Canadian innovator. The acquisition will accelerate Lowell Farms’ ability to offer end-to-end automation of large-scale pre-roll production.
Words From The Company
“At Lowell, we are committed to bringing to market the absolute best cannabis smoking experience possible and that journey led us to All Good Collective,” says Lowell Farms Inc. Chairman of the Board George Allen. “In addition to being a far superior product than anything we have seen in the category, the equipment from All Goodwill allows us to scale production and achieve a pre-roll price-point that rivals the cost of flower.”
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, that engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada. Over the last 2 weeks, the company has made a few company updates. Back on July 5th, the company released news about closing on a Florida property and acquisition for campus concept. The company has finalized the purchase of a 23-acre parcel, with a 10,500-square-foot building. 
This new location is currently located thereon, for its planned cultivation and processing expansion in Florida. The purchase price for this deal is USD $3,300,000.00. On July 12th the company announced it has begun drafting an application to add a consumption lounge to its SuperStore.
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The initial plan is to convert Planet 13’s Trece restaurant space to a consumption lounge, restaurant, and entertainment experience. The Planet 13 Entertainment Complex will be the first of its kind. Consumers can watch products being made, purchased, and used all under one roof. A true luxury, tourist-friendly lounge close to the Las Vegas Strip.
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