The marijuana stock market in the past few days has managed to fluctuate greatly, leaving investors unsure of where to put their money. The recent speculative moves in price have left the market in somewhat of a difficult area, but cannabis stocks are not the sole party that has suffered from the recent pullback in pricing.
The whole of the stock market has seen a large correction over the course of the past few weeks which has led to some of the biggest stocks losing double-digit percentages. What may have just been a select event, seems as though it has now reached a breaking point as the prices of some of the most popular cannabis stocks in the industry manage to settle down and see gains once more.
Next Green Wave (NGW) has managed to remain one of the more successful stories throughout the past few weeks. The company recently saw gains in the past week of over 10 percent which meant many investors have decided to take a look at the company. As a producer of some of the highest quality, vertically integrated cannabis in the space, Next Green Wave has made a big name for itself in the marijuana market.
According to one report “Next Green Wave Holdings Inc. produces and supplies medical cannabis products. The Company offers indoor cultivation, nursery, manufacturing, extraction, and distribution of medicinal and recreational marijuana. Next Green Wave holdings serves customers worldwide.” The company has also been working to build their domestic output so that they can compete in the ever-growing market in Vancouver where they are headquartered. Next Green Wave seems to have a very solid exposure to the Canadian cannabis space which makes them a top pick for anyone looking for the future of marijuana stocks.
Aurora Cannabis (NYSE:ACB) is another big pick in the industry due to their recent listing on the NYSE. Many other cannabis companies have made their debut on big U.S. exchanges, but Aurora is the most recent company to do so which brought them a large amount of notoriety in the past few weeks. The company has also managed to make a large number of acquisitions which puts them in a solid position for growth for the future.
Aurora has also managed to work their way up in terms of cannabis production which puts them potentially in the highest category of cannabis growers in the whole of the space. Aurora has also been working to increase their supply channels so that all of the cannabis they grow won’t just sit in a warehouse.
The company has been working to land supply agreements all throughout Canada and will soon be able to work in every Provence in the nation. Aurora has also been working to open up a series of retail stores as they partner with other businesses such as Alcanna, a major liquor retailer in the country.
The marijuana stock market has managed to become one of the most popular industries of our time. As we move toward the future, it seems as though the potential is only just now beginning to hit the industry.
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