3 Marijuana Stocks For The Long Or Short Term Investing
The cannabis industry has moments where things can seem a bit repetitive. For instance, over the last year or so there is been a drastic shift in trading and investing. Most marijuana stocks have been trying to regain lost momentum from their volatile downtrend. Now as cannabis stocks climb and fall in sequence due to market and industry variables some feel this is just the way of the market. But what is someone to do and how are people reacting and adapting?
Well, most of the early investors who are still in the game have taken the long game. At one point marijuana stocks were a sector where you could find top marijuana stocks to buy to make a quick profit. Currently, the way of investing in pot stocks holds more mid to long-term value yet volatile pops do occur and that is time to take profits.
Building a game plan and learning the market as best you can will give you better confidence when investing. With the cannabis sector, nothing is promised as marijuana is still federally illegal. But there has been too much progress and growth for things to come to a halt as some investors felt would happen. Nevertheless with more to be done and more obstacles to overcome hopefully these marijuana stocks to watch below can rise with continued success.
Top Marijuana Stocks For Your Watchlist
- Glass House Brands Inc. (OTC:GLASF)
- StateHouse Holdings Inc. (OTC:STHZF)
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. In recent news, the company welcomes Hector De La Torre back to the board of directors.
Mr. De La Torre previously served as an original member of the Board until 2023, when he stepped down due to time restraints connected to other commitments.
Words From The Company
“We are excited to welcome Hector back to the Glass House Board,” said Kyle Kazan, Co-Founder, Chairman and CEO of Glass House. “Hector made many valuable contributions to our company during his first tenure and was one of the earliest vocal advocates for cannabis policy reform in California when he was a member of the State Assembly.”
StateHouse Holdings Inc.
StateHouse Holdings Inc., an integrated omni-channel cannabis company, engages in the cultivation, and processing of cannabis.
As well as the manufacturing, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. Back in June, the company set a date to report its Q4 and year-end 2023 results. In addition to its Q1 2024 results. Yet at this time, no report has been released just yet.
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. Recently the company announced it has closed a $235 million private placement of Senior Secured Notes.
The Notes were issued for 94.75% of face value. The Company used the net proceeds of the Notes, together with cash on hand, to prepay $215 million of principal amounts outstanding under its existing term loan.
[Read More] Top Canadian Cannabis Stocks to Watch in Mid-July 2024
Highlights And Key Mentions
- Secures funding with a 12.75% coupon and a 5-year term
- Net proceeds refinanced existing Term Loan
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