Are You Buying These Top Marijuana Stocks Today?
How long are marijuana stock investors going to hold on? What this means is much of the cannabis sector has an unpredictable way of performing. For example, there is no way to tell or be truly sure when cannabis stock will rise. At one point in time essentially any positive casualty would help bring trading up. For some time that has not been the case so what keeps investors so interested? Well, not all are as confident as others but with how young the cannabis industry still is there is much to stay optimistic about.
For starters, more than half of the United States and other global regions have legalized cannabis. This lets people know there is a market for cannabis and establishing better rules and laws can help. Currently, the uncertainty of the future has led to doubt among investors leading to this volatility we see now. Yet there has been an ongoing fight to establish some form of federal laws surrounding cannabis.
Once we see the rescheduling of cannabis and marijuana banking become law many feel this will drive the trading average of the sector back up. Throughout August cannabis companies will be reporting earnings which may help with how some companies trade. So if you are able to catch the right marijuana stocks to buy before any recoveries occur you would be keen to make some possible gains. Nevertheless, there is more to be done which is also why investing towards the future has become the focus for many. Below are several marijuana stocks to watch this month.
Marijuana Stocks To Watch Today 2023
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. In recent news, the company announced it has renewed its agreement with great north distributors. 
This was for cannabis sales across Canada with a newly expanded brand portfolio. Under the agreement, Great North will continue to be the exclusive representative for Tilray’s full portfolio of recreational cannabis products, which is sold across the Canadian marketplace, with the exception of Quebec.
Words From The Company
“As the Canadian cannabis retail landscape continues to evolve, continuity in our distributor allows us to capture significant synergies and further optimize our national sales strategy. Our renewed agreement will further drive exceptional route-to-market efficiencies for our market-leading and growing cannabis portfolio which now includes HEXO brands,” said, Blair MacNeil, President, Tilray Canada.”
[Read More] August 2023: Top Marijuana Penny Stocks to Watch for Potential Gains
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. Recently the company announced the launch of s Wanna brand edibles at SpectrumTherapeutics.com
Words From The CEO
“The addition of Wana gummies to our medical store provides an immediate benefit to our Canadian business and further solidifies our North American house of brands. Over the coming months we look forward to growing Wana’s market share across both the medical and adult-use markets in Canada” said David Klein, CEO, of Canopy Growth.
[Read More] Marijuana Stocks To Watch And The Due Diligence Process
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements. Plus cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones brand in the United States. 
Back on July 20th, the company announced it will hold its second quarter 2023 earnings conference call on August 8th. Cronos’ senior management team will discuss the Company’s financial results. As well they will be available for questions from the investment community after prepared remarks.
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