Top Marijuana Stocks To Watch As Companies Release Earnings
Marijuana stocks this past week were trading with a good amount of volatility. When it comes to volatile trading it can be both positive and negative. For starters, volatile trading can lead to a decline causing a drop in share price. However, when the sector is volatile it is also a chance to find top marijuana stocks to buy. Right now some would say it’s a good time to invest in legal cannabis. Especially before the end of cannabis prohibition happens in the US.
That is why some feel that marijuana stocks could be a good place to invest. Even though the consistency in which marijuana stocks see a rise in trading has not been the best moment of upward volatility have allowed shareholders to take profits. Still, some people see marijuana stocks as more of a risk than other sectors in the stock market today. That is why it is always best to not only build a game plan but to do your research as well.
When you conduct thorough due diligence about a company and how it performs in a volatile market it can provide better insight into which marijuana stocks to trade. So for those looking to invest in the cannabis sector, the above info can be good to know before executing any trades. The companies mentioned below are a few marijuana stocks to watch this upcoming week.
Marijuana Stocks To Keep On Your Radar
- Canopy Growth Corporation (NASDAQ:CGC)
- OrganiGram Holdings Inc. (NASDAQ:OGI)
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. In recent news, the company announced a few key updates. On October 25th the company announced a filing of an early warning report regarding TerrAscend Corp. 
Immediately following the Reorganization, Canopy Growth no longer beneficially owns or controls any securities in the capital of TerrAscend. More recently the company will be releasing its fiscal Q2 2023 financial results on November 9, 2022. Following the release of its second quarter fiscal year 2023 financial results, Canopy Growth will host an audio webcast with David Klein, CEO, and Judy Hong, CFO
[Read More] 3 Marijuana Stocks To Know About In 2023
OrganiGram Holdings Inc.
OrganiGram Holdings Inc. OrganiGram Holdings Inc. through its subsidiaries produces and sells cannabis and cannabis-derived products in Canada. It has been about 3 months since the company released any updates or news. Back in July. At that time the company did report and release its Q3 Fiscal 2022 results.
[Read More] Top Marijuana Stocks To Watch 2nd Week Of November
Q3 Fiscal Highlights
- Achieved gross revenue of $55.2 million, up 90% from the same prior-year period and 26% higher than Q2 Fiscal 2022
- Continued record growth in net revenue, reaching $38.1 million, the highest in the history of the Company, up 88% from $20.3 million in the same prior-year period and 20% from $31.8 million in Q2 Fiscal 2022
- In Q3 Fiscal 2022, achieved #3 position among Canadian licensed producers with 7.8% market share. In June 2022 the Company had an 8.5% share of the recreational adult use market 1
- Continues to hold the #1 position in dried flower, the largest category of the
- Canadian cannabis market, and the #3 market position nationally in gummies1
- Introduced 16 new SKUs for a total of 85 SKUs in market
- Increased market presence of the successful SHRED brand with the introduction of SHRED-X vapes, SHRED-X kief-infused blends, and SHRED’ems POP!, gummies in the classic pop flavors of cola, root beer, and cream soda
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