These Top Marijuana Stocks Could Be The Ones To Recover First
Marijuana stocks remain in a volatile state, with limited upward movement. Now, what can shareholders do to turn a profit, and how should they approach it? At this time, there are several strategies investors are working on and applying to their plan. For example, some people are still looking for top marijuana stocks to buy. The idea is that, with how low the sector has fallen, people are buying and holding. With a catalyst impactful enough to the sector, it could have an adverse outcome on cannabis stocks.
As there is no federal reform in place and other global regions have a similar legal framework to the US, better laws could be the key. In the United States, specifically, if we can get federal reform passed along with cannabis banking, that may be the only way to see a real recovery. Outside of the market, companies are thriving and finding ways to keep their operations going and profitable.
If investors can feel safe in a once-taboo industry that has a lot of grey and red areas, then those people can remain optimistic. Pot stocks trade in a beaten-down sector that holds a great amount of future potential and value. If people can hold out for better regulatory and reform measures to be passed, then things could change for the better. For now, preparation, patience, and strategizing are key to eventually taking profits. Below are some top marijuana stocks to watch as trading has yet to pick up.
Marijuana Stocks For Your Cannabis Portfolio
- Ayr Wellness Inc. (OTC:AYRWF)
- Verano Holdings Corp. (OTC: VRNOF)
- Glass House Brands Inc. (OTC:GLASF)
Ayr Wellness Inc.
Ayr Wellness Inc. cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. In recent news, the company gives an update on its extension of the limited waiver agreement with senior noteholders. This latest amendment extends the temporary waiver period to July 18, 2025.
This provides the company with additional time and flexibility to continue ongoing negotiations with its senior lenders. In addition to further pursuing strategic options to strengthen its capital structure. The extension to July 18, 2025, does not constitute a permanent waiver of any existing defaults or any rights under the governing documents.
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. Recently, the company announced the promotion and appointment of James Leventies as Chief Strategy and Compliance Officer.
As the newest member of Verano’s executive leadership team, Leventis will provide strategic leadership.
Words From The Company
“Given his extensive experience, industry knowledge, and advocacy, I am thrilled to announce James’s promotion to Chief Strategy and Compliance Officer, and am confident that his unique skill sets and expertise will further strengthen our executive leadership team,” said George Archos, Verano founder and Chief Executive Officer.
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Glass House Brands Inc.
Glass House Brands Inc. operates as an integrated cannabis company in the United States. The company operates in three segments: Retail, Wholesale Biomass, and Cannabis-Related Consumer Packaged Goods. On July 16th, the Glass House announced preferred equity refinancing.
The Series E Preferred Stock will replace GH Group’s existing Series B and Series C Preferred Stock. Any holders of Series B and Series C Preferred Stock who elected not to exchange into the Series E Preferred Stock.
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These are being redeemed by GH Group. Which effectively cancels the Series B and Series C Preferred Stock on a go-forward basis.
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