Top Marijuana Stocks To Watch Heading Into The Second Week Of July
Some marijuana stocks have started to increase in trading over the last few days. Now some shareholders have taken profits and others have not. There is still a handful of shareholders who feel that marijuana stocks will eventually see a more significant recovery. Yet what will be the reason that the sector starts to see better overall trading. So for starters many publicly traded cannabis companies have been doing well outside of the market. More cannabis companies have been expanding their business which has helped the business see better revenue. From this, a good amount of companies have reported solid earnings. When a company can report strong financials it can help not only the company but the sector as well.
However, the biggest catalyst that has led to better trading has been the fight for federal cannabis reform. Over the last 6 months, any positive news on federal reform has helped the sector as a whole see a recovery. But the concern is these recoveries no matter how big or small are short-lived and happen rather quickly. Most of the more significant climbs for most marijuana stocks happen so fast that not every investor has a chance to take profits.
This is why some are holding their positions and looking for more marijuana stocks to buy once any pullback takes place. With no federal reform in place, investors are taking advantage of the dips that happen in preparation for the future. So if you are looking to invest in the companies mentioned below are several cannabis stocks to watch right now. Just make sure you do your research on the companies you feel will be a good addition to your portfolio.
Top Marijuana Stocks To Watch This Month
- Columbia Care Inc. (OTC:CCHWF)
- Clever Leaves Holdings Inc. (NASDAQ:CLVR)
- TPCO Holding Corp. (OTC:GRAMF)
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis-based health and wellness solutions, and derivative products. This past month the company announced it has opened its second cultivation facility in New Jersey. As well as expanding its adult-use hours at both Garden State Cannabist locations. The second cultivation and production facility in Vineland adds approximately 270,000 square feet of cultivation.
Which also involves the production capacity and will triple the available canopy in phase one. Recent approvals also allow for use of post-harvest automation equipment. Which is to meet more efficiently meet the growing adult-use and medical demand.
Words From The Company
“After ten years of navigating the ever-evolving cannabis industry in various markets, we have so many lessons learned and have been able to bring those to bear in how we approach New Jersey, knowing how it will serve as a model for those east coast states transitioning to adult use in the near term. We are proud of how we managed to scale alongside the demand in the last month and are thrilled to be able to serve more patients, customers, and wholesale partners with our newest cultivation facility and equipment,” said Nicholas Vita, CEO, of Columbia Care.
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Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. In recent news, the company along with Cantourage intensify its strategic partnership for the distribution of medical cannabis in Germany. Cantourage and Clever Leaves launched the ‘IQANNA No 10’-branded Wappa cultivar.
The dried flower product is cultivated in Clever Leaves’ facility in Portugal, where the company operates approximately 25,000 m2 of actively producing GACP-certified greenhouses. Which came following the successful introduction of Clever Leaves’ IQANNA No 7 medical cannabis flowers to the German pharmaceutical market.
Words From The Managing Director
Caroline Kliess, Managing Director of Clever Leaves Germany, comments: “We are excited to intensify our partnership with Cantourage and launch our next medical cannabis flower product under the IQANNA brand”
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TPCO Holding Corp.
TPCO Holding Corp. cultivates, extracts, manufactures, distributes, retails, and delivers cannabis in California. On July 6th the company announced it has started its expansion into the east coast cannabis market. The company has entered into exclusive brand licensing and cultivation and production agreements in Maryland with Curio Wellness. This venture will allow TPCO Holding Corp to bring the company’s brands and top-quality products to the State of Maryland. This product launch is anticipated for late 2022.
Words From The CEO
“We are thrilled to complete our first out-of-state expansion and excited to introduce Maryland to our high-quality branded products,” said Troy Datcher, Chief Executive Officer, and Chairman of The Parent Company. “Curio’s premier indoor-grown cannabis, cGMP certification, and proven execution make them a great partner to provide Maryland’s patients with access to our well-known California brands.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
