Top 4 Marijuana Stocks For Your Investment Portfolio
Marijuana stock investors are keeping a positive attitude for future trading. Even with the sector facing a continuous downtrend, there are some who feel they have a long-term strategy. With how low companies have fallen now is a good time to find the best marijuana stocks to buy. It seems that many are taking up positions and waiting for the right time to sell them.
Even when a volatile rise occurs not all are taking profits as they feel a strong catalyst will move the market. In the United States, the cannabis industry has grown rapidly since the first state, Colorado, legalized recreational cannabis in 2012. Today, over 30 states have legalized cannabis for medical use, and 11 states and the District of Columbia have legalized its recreational use. The legal cannabis market in the United States is projected to reach $30 billion by 2025, according to a report by New Frontier Data.
This alone lets people know that with more progress and development comes the chance for better investment opportunities. The cannabis industry has already created several new opportunities for entrepreneurs and investors. As well as new jobs in areas such as cultivation, manufacturing, and retail. Some experts predict that the cannabis industry could eventually rival the size of the alcohol industry, as more and more consumers turn to cannabis as a recreational alternative. With all of the above, the companies below are a few marijuana stocks to watch this week.
Marijuana Stocks To Watch 2023
- TerrAscend Corp. (OTC:TRSSF)
- Jushi Holdings Inc. (OTC:JUSHF)
- Columbia Care Inc. (OTC:CCHWF)
- Charlotte’s Web Holdings, Inc.(OTC:CWBHF)
The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. In recent news, the company announced the results of the annual general and special meeting of shareholders.
Meeting Highlights And Recap
The re-appointment of Mr. Craig Collard, Ms. Ira Duarte, Mr. Ed Schutter, Ms. Kara DioGuardi and Mr. Jason Wild as directors of the Company;
the re-appointment of MNP LLP as the auditor of the Company and the authorization of the Company’s board of directors to fix the auditor’s remuneration;
amendments to the Company’s stock option plan to conform with the provisions of the TSX Company Manual;
amendments to the Company’s share unit plan to conform with the provisions of the TSX Company Manual; and
the reorganization necessary to achieve a listing on the Toronto Stock Exchange
Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products.
It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. Back on June 14th the company announced the voting results of its annual meeting.
1. Fixing the Number of Directors
The number of directors of the Corporation was fixed at five.
2. Election of the Nominated Directors
All five nominees outlined in the proxy statement of the Corporation dated April 28, 2023, were elected as directors of the Corporation by ordinary resolutions.
3. Appointment of Macias Gini & O’Connell LLP as Auditor
Macias Gini & O’Connell LLP was appointed as the auditor of the Corporation, to hold office until the next annual meeting of Shareholders of the Corporation. Plus the directors of the Corporation are authorized to fix the auditor’s remuneration.
Columbia Care Inc.
Columbia Care Inc. engages in the cultivation, manufacture, and provision of cannabis products and related services in the United States and internationally. In recent news, the company announced the resignation of Phillip Golberg as Director. Mr. Goldberg was appointed to the board of directors of the Company pursuant to a Nominating Rights and Voting Agreement dated June 11, 2021.
This came to be following Columbia Care’s acquisition of Green Leaf Medical, LLC. As previously reported, the Green Leaf Transaction is subject to certain potential milestone payments. The time period relevant to the last potential milestone payment concludes on June 30, 2023, at which point Green Leaf will be fully integrated into Columbia Care.
[Read More] 3 Top Marijuana Stocks For Your 2023 Watchlist
Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc. is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. Recently the company announced its shareholder’s meeting voting results. In addition to the re-election of board members.
At the Meeting, each of the incumbent directors was duly re-elected as directors of the Company, and all other items, as detailed in the Company’s Proxy Statement dated April 28, 2023, were also approved.
Also on June 9th Joel and Jesse delivered a letter to the Board demanding that the Board take immediate steps to facilitate the replacement of a majority of Board members. Which included all but one of the independent Board members with four individuals selected by Joel and Jesse.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org