2 Marijuana Stocks To Keep On Your 2023 Watchlist
Marijuana stock investors are keeping focused on the future of the sector. Specifically, most cannabis stock investors are setting a plan that will prepare them for when more consistent trading will take place. The thing for much of the cannabis sector is there is a high level of unpredictable trading. This is due to several factors federal regulations and better laws for the cannabis industry being one of them.
Now the positive of this is that the cannabis industry as a whole is still young and steadily progressing each day. But without any federal reform in place, there is still a high level of caution. Investors see that legal markets are flourishing and revenue is being generated. Yet with no federal reform, there is a slight fear of what could happen if one-day federal regulators come in and shut everything down.
Not only would this destroy a promising industry but it would also hurt shareholders a great deal. Thankfully as of now the legal markets are in good standing and a big push for federal reform is still in the works. But while there is a bit of volatile trading this is when people can find top marijuana stocks to buy. Just make sure you stick to your plan and do your research on each potential company you want to invest in. The companies below are a few marijuana stocks to watch in 2023.
Marijuana Stocks To Watch 2023
- SNDL Inc. (NASDAQ:SNDL)
- Aurora Cannabis Inc. (NASDAQ:ACB)
SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets. As well as the private sale of recreational cannabis through corporate-owned and franchised retail cannabis stores. 
In recent news, a Michigan court approves the appointment of a receiver in respect of all of the assets of Green Peak Industries. As well as certain affiliates, doing business as SKYMINT Brands (“Skymint”). the Honorable Judge Draganchuk appointed Trust Street Advisors, LLC, through its agent, Gene R. Kohut, as Receiver over all of the assets of Skymint.
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Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The company produces, distributes, and sells medical and consumer cannabis products in Canada. Recently the company gave an update on its NASDAQ listing.
The Nasdaq Stock Market LLC dated March 24, 2023, advised Aurora that it was not in compliance with Nasdaq Listing Rule 5450(a)(1). The bid price of the Company’s listed securities had closed at less than US$1.00 per share over the last 30 consecutive business days from February 8, 2023, to March 23, 2023.
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According to the Nasdaq Listing Rule 5810(c)(3)(A), Aurora has until September 20, 2023, to regain compliance with the Minimum Bid Price Requirement.
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