2 Marijuana Stocks To Buy Today 2023?
Marijuana stock investors are keeping a watchful eye on the progress of the industry. When there is more progress and success at times it can help build momentum for some marijuana stocks. This year the cannabis industry as a whole is set to see some potential changes. So far companies have created and released new products. In addition to working with other companies adding new team members and opening new facilities and dispensaries. All of the above has the power to help sway how the sector performs.
Let us say one particular company releases news about the success of a new storefront that news has the power to help other marijuana stocks trade better. Now, this does not always happen but progress whether inside or outside of the market is always a good thing. So far in 2023, most cannabis stocks have begun to see better days of trading. However, over the last week or 2 more volatile patterns have entered the market. Yet whenever volatile trading occurs it can be a moment to take advantage of the market.
Often when volatility happens it leads to a decline in trading this is where investors start to look for the best marijuana stocks to buy. But before they do most investors do their research and create a trading plan to have better odds at taking better profits. The marijuana stocks to watch below are a few companies that may see stronger trading this month.
Marijuana Stocks To Watch 2023
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
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 will report its Q3 fiscal 2023 financial results on February 9th.
Following the release of its third quarter fiscal year 2023 financial results, Canopy Growth will host an audio webcast with David Klein, CEO, and Judy Hong, CFO on February 9, 2023, at 10:00 AM Eastern Time.
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Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under Lord Jones and Happy Dance brands in the United States.
Back on December 19th, the company announced the receipt of notice of relinquishment of a warrant by Altria. Altria Summit LLC relinquished a warrant to subscribe for and purchase up to 84,243,223 common shares of the Company at a per-share exercise price of C$19.00.
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As well as all rights that it may have held in the Warrant or any common shares underlying the Warrant for no consideration. The voluntary relinquishment of the Warrant does not affect any rights of Altria under the Investor Rights Agreement between the Company and Altria, dated March 8, 2019. Altria continues to beneficially own 156,573,537 common shares of the Company and has four designees on the board of the Company, one of whom is independent
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