Cannabis Investing 2023 3 Marijuana Stocks To Watch
Marijuana stock investors are keeping a positive outlook toward the future of cannabis investing. Right now the cannabis industry is still evolving as new companies and ventures are happening. With every step forward brings a possibility to invest. Even with the cannabis sector still a volatile area. What this means is you have to be aware of what is going on to be able to capitalize on unpredictable trading patterns. In the event there is a pullback in trading you want to be able to find top marijuana stocks to buy.
On the other hand, if there is a volatile incline use this as a time to take profits. It is not just the company’s success that determines whether it will perform well in the market. Yet it can also be various factors that also impacted the overall cannabis industry. One of the biggest hurdles has been fighting to establish federal reform.
This topic has led to strong trading days as well as the depletion of investors’ confidence. Mainly due to how many failed attempts have been had with federal reform. Nevertheless, there is still a good amount of optimism in cannabis investing. Just make sure you create a plan and do your research on each company you feel is worth investing in. The companies below are several marijuana stocks to watch today.
Top Marijuana Stocks To Watch 2023
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. On July 3rd the company announced its voting results of its annual meeting of shareholders. At the Meeting, the number of directors on the board of directors of the Company for the ensuing year was fixed at ten.
This was by the shareholders and the following nominees for election as directors of the Company were elected by a majority of votes cast by the shareholders virtually present or represented by proxy at the Meeting:
Charles Bachtell
Robert M. Sampson
John R. Walter
Gerald F. Corcoran
Thomas J. Manning
Randy D. Podolsky
Marc Lustig
Michele Roberts
Carol Vallone
Tarik Brooks
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis across the United States.
In recent news, the company announced the opening of Zen Leaf Norwich. This is the company’s first social equity joint venture location in Connecticut and the third cannabis dispensary statewide.
Words From The Company
“As our first social equity joint venture dispensary in Connecticut, opening Zen Leaf Norwich allows us to contribute to equitable growth within the cannabis industry as the program continues to expand across the state,” said George Archos, Verano Founder, and Chief Executive Officer.
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TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles.
Recently the company announced it has reached its 4 dispensary cap in Maryland with the closing of the Herbiculture acquisition. With the recent launch of adult-use sales in Maryland on July 1, 2023, the Company believes that Herbiculture is well-positioned to achieve substantial sales and profit growth.
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This transaction is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis.
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