2 Canadian Marijuana Stocks To Watch Before March
Marijuana stocks are still showing a lack of upward momentum. Some of this could be due to issues concerning the progress of federal reform. Recently there has been yet another hold-up with a cannabis banking measure. If the SAFE banking act were to pass it would change how the legal market in the US does business. As well as the possibility of seeing a strong rise in trading. Historically when positive news on the matter surfaces most of the cannabis sector reacts well to it.
Yet this is not the case and as history has also shown getting federal reform to pass through the senate has been its toughest battle. Still, there is much to be done inside the cannabis industry that could help how the sector performs. Right now with the current pullback is a time to find top marijuana stocks to buy. Just make sure you do your research and develop a game plan that allows you the best odds of seeing a return. Also with the level of volatility, you want to be able to adapt to how the sector reacts to various catalysts. Below are a few cannabis stocks to watch for the rest of the month.
Top Marijuana Stocks 2023
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Canopy Growth Corporation (NASDAQ:CGC)
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. Recently the company announced that its Good Supply cannabis brand has launched Canada’s strongest infused pre-rolls.
The Good Supply MONSTERS pre-rolls are made from a combination of two of our most potent signature strains frankensteined into a jaw-dropping pre-roll. Being the first of its kind, “MONSTERS” have been officially trademarked, differentiating its offerings from other infused pre-rolls products in the Canadian market Good Supply’s MONSTERS pre-rolls are now available at select retailers across Alberta, Manitoba, Saskatchewan, and Ontario with further anticipated expansion across Canada.
Good Supply MONSTERS pre-rolls are now on the loose in two unique options, including:
- Golden Guy (Sativa) infused pre-roll: A thrilling twist of Jean Guy milled flower and Golden Goat BHO
- Monkey Walker (Indica) infused pre-roll: A monster mashup of Monkey Butter milled flower and Starwalker Kush BHO
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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.
It operates through two segments, Global Cannabis, and Other Consumer Products. In recent news, the company announced its US $150 million registered direct offering.
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Words From The Company
“Canopy Growth is executing a strategy focused on accelerating growth and profitability by transforming our Canadian operations and fast-tracking entry into the U.S. market,” said Judy Hong, Chief Financial Officer of Canopy Growth. “Building on other recent actions taken to enhance cash flow, this attractive capital immediately adds to Canopy Growth’s cash on hand and provides additional flexibility to continue advancing strategic priorities”.
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