Top Canadian Marijuana Stocks 2023
This month can be a big momentum driver for certain marijuana stocks. In March publicly traded cannabis companies are preparing to release their earnings. If these companies show positive results this can possibly lead to an increase in trading. One of the many variables with marijuana stocks is if one company produces solid results it can resonate well among the sector. The reason is when investors see one company doing well they tend to look for similar companies and begin to trade them.
This is what creates upward volatile trading and allowed traders to take profits. It also builds a level of confidence and reassurance. Especially in a market where doubt outweighs other factors when trading is not looking good. So if you feel cannabis investing is for you then looking for top marijuana stocks to buy is where to start. On your path to finding cannabis stocks, you need to do some research.
Now doing your homework can help you find the confidence needed with investing in marijuana stocks. For example, if you know a company is not trading well but business is doing well this is an indicator that it could be a marijuana stock to see recovery sooner than later. Most marijuana stocks don’t trade with the same success as their day-to-day operations. However, as mentioned it’s oftentimes the profitable companies that seem to see the first signs of better trading when the time comes. Below are 2 marijuana stocks to watch this month.
Marijuana Stocks To Watch 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. Plus the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. 
On March 1st the company announced the launch of the latest innovations by its quintessentially Canadian cannabis lifestyle brand, CANACA. The company is Introducing Bursts and Darts, CANACA reveals its newly added ‘potently Canadian’ products across Canada. Which includes four milled flower-based products.
[Read More] Top Cannabis Stocks With Dividends? 3 Marijuana REITs On Watch
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.
[Read More] 2 Marijuana Stocks To Buy 2nd Week Of March
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”.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
