Marijuana Stocks To Watch Heading Into August
Currently, marijuana stocks are still showing a drop in trading. Now, this could be due to several reasons. So it could be from the anticipation of cannabis companies preparing to report earnings. To be more specific it’s possible that people are investors are selling shares to bring the price of the marijuana stock down. The point of doing this would be to reload before a potential rise in trading. Anytime no matter the reason there is some pull back it good time to find marijuana stocks to buy. Also, another reason why trading could be down is another standstill with federal reform.
It seems that the pattern is once positive news is released on federal reform there is very little follow-up. This creates more uncertainty and leaves shareholders and potential investors left in the dark. When investing in anything the more info you have the better you can decide on how to invest. You want to use your best judgment when buying cannabis stocks and always buy and sell high. Some people who have added companies to their portfolio on decline have continued to buy the dips to lower the cost of their position.
Marijuana stocks trade with a fair amount of volatility. That is why it is key to have an eye on the sector and be ready to take advantage of any upside that occurs. The more due diligence and education you have the better your odds of seeing a solid return. The cannabis industry overall has been growing and evolving at a fast pace. With even more success and innovation in the cannabis industry, it will only lead to more investment opportunities for the future.
Top Marijuana Stocks To Watch Right Now In 2022
- Columbia Care Inc. (OTC:CCHWF)
- Planet 13 Holdings Inc. (OTC:PLNHF)
- Lowell Farms Inc. (OTC:LOWLF)
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis products and related services. It offers flowers, edibles, oils, and tablets under the Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber, and Platinum Label CBD brands. Over the last 2 weeks, the company has made a few key announcements. Back on July 15th, the company announced it has obtained a final order from the Supreme Court of British Columbia. 
This ruling is for the approval of a business combination with Cresco Labs. Soon after this update, the company released news announcing it will report Q2 2022 earnings on August 15th. Following the release of financial results, Company management will conduct a conference call at 8:00 a.m. EST to discuss financial and operating results for the second quarter of 2022.
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. In the last week, Planet 13 has released news that could add more value to the company. On July 28th the company announced it has been awarded a conditional Illinois retail license.
In more recent news the company also announced the results of the AGM. 99.00% of shares voted were voted in favor of re-appointing Davidson & Company LLP as an auditor and authorizing the board of directors of the Company to fix the auditors’ remuneration for the following year.
[Read More] Top Marijuana Stocks To Buy Right Now? 3 To Watch Before August
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California. It has been some time since the company has released any new updates. The company on May 25th announced it has acquired automated pre-roll manufacturing assets from a Canadian innovator. 
On June 1st Lowell Farms announced that it brought back its limited edition ‘Pride Packs’ to raise money for GLAAD during pride month. At the time is a good move for the business side of the company outside of the market.
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