Top Canadian Marijuana Stocks For Your 2022 Watchlist
With the current pull back the window to find the best marijuana stocks to buy is still open. Yet this is all in preparation for the moment a recovery takes place for the sector. At the moment there is a bit of worry and optimism all at the same time surrounding pot stock investors. This is mainly due to the hold-up of ending cannabis prohibition. Many were stunned when the passing of the MORE Act did not lead to any sufficient trading momentum like the last time it passed the House.
Back in 2020, there were several attempts to pass federal reform which caused marijuana stocks to climb. However, nothing came of it, and essentially it also led to the downtrend of 2021. This to some degree is a larger part of the worry that people are dealing with. No one who works in the cannabis industry wants to see another year with cannabis being federally illegal. At the moment there are 3 known pieces of legislation that may pass in 2022.
Even if it does not pass there is much progress and innovation happening inside state markets. This past March many cannabis companies released their financials and full-year results. Some of these companies were able to produce record revenue. Still, investors are not using the current success of a company to base their buying decision. It seems not many know how to proceed with the uncertainty of the sector. So at the current time, many are buying any time marijuana stocks start to dip and take profits on an upswing of any kind.
Marijuana Stocks Could See Better Trading Based On The Future Of The Cannabis Industry
There is a solid amount of potential in various niches in the cannabis industry. There are some marijuana stocks that do have less volatile trading. This is based on the company being an ancillary so its success is not solely based on cannabis. Some investors like to focus on these types of marijuana stocks just based on the notion that overall better trading does exist. Even while the majority of the sector is showing a decline. Nevertheless now is a good time to build up your portfolio with some good marijuana stocks that could lead to a good return down the road. The companies mentioned below are just a few examples of top marijuana stocks to watch this month.
Top Marijuana Stocks To Watch This Month
- Aurora Cannabis Inc. (NASADQ:ACB)
- OrganiGram Holdings Inc. (NASDAQ:OGI)
- HEXO Corp. (NASDAQ:HEXO)
Aurora Cannabis Inc.
Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. On March 22nd the company announced that it has reached an agreement to acquire all of the issued and outstanding shares of TerraFarma Inc. The transaction is expected to strategically strengthen Aurora’s position in the Canadian market.
This will be done by placing the Thrive team in charge of Aurora’s Canadian recreational portfolio. Which will advance the shift in focus to innovative premium products. This will include dried flower, pre-rolls, vapor products, and concentrates.
The Transaction is expected to close, subject to customary closing conditions, in Aurora’s fiscal Q4 2022. It is anticipated that the deal will deliver immediate positive Adjusted EBITDA to Aurora. As well as support the Company’s path to Adjusted EBITDA profitability in the first half of fiscal 2023.
OrganiGram Holdings Inc.
OrganiGram Holdings Inc. through its subsidiaries produces and sells cannabis and cannabis-derived products in Canada. Over the last 2 weeks, the company has released some important news. Back on March 24th OrganiGram provided a corporate update and announced new product launches. Some of these products consist of Edison Kush Cakes and Edison Frozen Lemons. Organigram continues its strong market share growth trajectory in Canada, securing the #3 market share.
A top position among Canadian licensed producers for the second month in a row. Additionally, it maintains its #1 market share1 position in dried flower, the largest category, which represents approximately half of the market. Following this in more recent news the company has announced it will report its second-quarter 2022 results on April 12th, 2022. Hopefully, with good earnings, it will help generate more momentum for OGI stock.
[Read More] Are Marijuana Stocks A Buy Before Possible Cannabis Reform? 3 To Watch In April
HEXO Corp.
HEXO Corp. through its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. Mid-March HEXO Corp released its Q2 2022 earnings. Highlights are total net revenues reached $52.8 million.
This makes for a second consecutive quarterly high, a 61% increase compared to Q2’21. Adjusted gross margin improvement quarter over quarter from 25% to 36% Plus an Adjusted EBITDA increased by $5.6 million from $(11.2) million to $(5.6) million. Meaningful progress made on the Company’s strategic plan.
The Path Forward is leading to expected operational improvements and projects to generate incremental cash flow of $37.5 million in Fiscal 2022. With an additional $135 million of cash flow in Fiscal 2023. Moving into the future HEXO looks to further reduce manufacturing and production costs.
[Read More] Are Top Canadian Pot Stocks A Buy Right Now? How Active Traders Are Day Trading The Volatility
As well as streamline and simplify the organizational structure. Also, realize cost synergies from acquisitions and recent plant closures. The company will also prioritize revenue management, including more disciplined pricing. In addition to accelerating growth through organic market share gains. While working to capture missed revenue opportunities
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
