Top Marijuana Stocks To Watch As Investors Wait For Better Trading
If you do decide to invest in the cannabis industry, marijuana stocks are typically the way to go. Also, it is important to conduct thorough research and due diligence. This is to identify cannabis stocks with strong management teams, and solid financials. As well as a clear competitive advantage. It is also important to diversify your portfolio and avoid putting all of your eggs in one basket. There are various sectors and marijuana stocks to watch that provide more value than others.
Much of the cannabis sector is volatile yet some areas have less which makes taking profits easier. For example, ancillary marijuana stocks due to having others areas of the business not relying on cannabis have better odds of seeing less volatility. Now pure play and MSO marijuana stocks tend to have the most volatility. Still now is as good a time as any to find the best marijuana stocks to buy.
You also want to be prepared to hold your investments for the long term, as the industry is still evolving and trading has been on the downside. But with the above information, you now have a better idea of what’s involved with cannabis investing in 2023. The companies below are 2 marijuana stocks to watch heading into next month.
Top Marijuana Stocks To Watch 2023
StateHouse Holdings Inc.
StateHouse Holdings Inc. is involved in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. It operates 13 retail dispensaries in California and one in Oregon; and a retail dispensary in the Haight Ashbury area of San Francisco, California.
In recent news, the company has joined the Cannabis Researxg Coalition a collaborative research partnership between The Hemp Mine and Clemson University. The partnership will address cannabis cultivation and postharvest challenges.
TPCO Holding Corp.
TPCO Holding Corp. cultivates, extracts, manufactures, distributes, retails, and delivers cannabis in California. On March 22nd the company announced the expansion of its value cannabis offering with the launch of its new cruisers brand.
Cruisers combine the Company’s existing brands, Fun Uncle and DELI, streamlining these top-performing products into a single consumer-centric destination. By skipping the doldrums of the daily grind, Cruisers transports consumers to that carefree place where the bowl is always full.
[Read More] What Will We See In The Cannabis Industry 2023
Words From The CEO
“I am thrilled to announce the launch of Cruisers. Combining Fun Uncle and DELI, which are two of our most beloved and disruptive brands, Cruisers will continue to feature high-quality products at a competitive, value price point. In our retail locations, Cruisers will be the best priced offering in every category it plays in,” said Troy Datcher, CEO & Chairman of the Board at The Parent Company.
[Read More] 2 Marijuana Stocks For Cannabis Investing In April
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California. Recently the company announced it will report tis Q4 and fiscal year 2022 earnings.
As well as operational results. This report will be released after the market closes on Thursday, March 30. Following the release, Lowell Farms will host an earnings call with management on Thursday, March 30, at 5:30 p.m. EDT, in which they will address these recent financial and operational results.
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