Top Marijuana Stocks To Watch For Your Holiday Trading
With the holidays almost over which marijuana stocks will be the best investments? So if you are new to the cannabis sector there are different publicly traded cannabis companies to consider. A company that does not deal with cannabis directly is an ancillary marijuana stock. When a company does not solely rely on one source for its business it can yield better gains at times. Especially with marijuana stocks where market volatility plays a big factor. As well ancillary marijuana stocks present the least amount of risk resulting in less volatile trading. Yet the power companies of the sector are mostly multi-state operators.
Even with high amounts of risk and volatile trading MSO marijuana stocks are the ones that see the bigger gains on better days of trading. When companies only dealing with cannabis have a catalyst that can create a recovery it is probably due to big news regarding the sector or directly with the company. If you feel that it’s tough looking for the best marijuana stocks to buy here are some steps. First, build a watchlist then you need to learn about the companies and watch how they trade. Once you have done so it can be easier to narrow down which cannabis stocks to watch in 2023.
Top Marijuana Stocks 2023
GrowGeneration Corp. (NASDAQ:GRWG)
Greenlane Holdings, Inc. (NASDAQ:GNLN)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. Recently the company announced the opening of its 60th store in Mount Holly, New Jersey. The Mount Holly location represents the Company’s 60th store and officially expands operations into 16 states.
The new store is 7,700 square feet and will include vertical farming demonstrations and educational support for growers to build and maintain state-of-the-art grow operations to maximize their yields.
Words From The CEO
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen said, “We are excited to open our first store in New Jersey and increase our reach and operations into a fast-growing and strategically important market.
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Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. In recent news, the company has reported a change to its board of directors.
As part of Greenlane’s business transformation plan to a more profitable and lean company, Nick Kovacevich, Adam Schoenfeld, and Richard Taney will step down from the company’s Board of Directors. Craig Snyder, the incoming CEO, will join the company’s Board of Directors effective January 6, 2023. The reduction of the Board to five members reaffirms the board’s commitment to improving economics.
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Words From The Company
“To become more efficient and decisive, we are making changes to the makeup of the Board of Directors to support our transition to a higher margin, leaner, and more focused consumer business. Reducing the board to five directors will give Greenlane more flexibility and speed as we undertake significant, positive changes to the business in 2023, while also reducing cash expenses associated with a larger board,” stated Donald Hunter, Chairman of the Board.
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