Top Marijuana Stocks To Buy And Hold In July
Marijuana stock investors are keeping focused on the future of the sector. Currently, the level of volatility has reached a point that has increased not only the decline but the unpredictability of the sector. When you feel it’s a good time to buy and feel that a company will recover soon it seems to be a failed strategy. However, there have been moments where there is a period of better trading. Yet it is still a short window for the bulk of cannabis investors to take profits.
Now the cannabis industry is still working to establish better regulations. Much of this has to do with the passing of some type of federal reform. When positive news on the matter is released it often leads to seeing marijuana stocks doing better in the stock market. Still with legislators working to pass laws in favor of the industry, many see cannabis stocks as long-term investments. At one point in time investing in cannabis stocks was more of a quick turnaround for certain companies.
Nevertheless, the cannabis industry as a whole is still developing and there is more to be seen and done. For now, it’s a game of preparation and strategy. Below are several marijuana stocks to watch during this week of trading. Just make sure you do your research beforehand and keep an eye on the sector for any market changes to take advantage of.
Marijuana Stocks For Your July Watchlist
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
In recent news, the company announced the return of Cannabition. What Cannabition is an immersive cannabis experience designed by Broadway creative director David Korins.
Words From David Korins
“I’ve had the incredible privilege of visually telling some of the most extraordinary stories in recent years, but none compare to the history, passion, tragedy, and triumph embodied by the cannabis story in America,” said David Korins. “Being entrusted with bringing this captivating narrative to life in an educational yet enthralling manner is a distinct honor, and I simply can’t wait to dive into the exhilarating world of the new Cannabition.”
Cansortium Inc. through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company’s medical cannabis products are offered in oral drops and capsules. As well as topicals, syringes, dried flowers, pre-rolls, cartridges, and edibles under the Fluent brand name.
Recently the company announced it has issued an aggregate of 2,031,250 common shares. This was to certain of its directors in exchange for the cancellation of US$162,500 of director fees owing. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company.
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. On June 30th the company increased its footprint in Maryland to 4 dispensaries.
In addition to an agreement to acquire Herbiculture. This transaction has already been approved by Maryland regulators. Under the terms of the agreement, TerrAscend will acquire Herbiculture for total consideration of US$8.25 million (the “Transaction”), composed of US$3.0 million in cash, with the remainder in a seller’s note.
Words From The Company
“Adding a fourth dispensary in Maryland is an important step in our strategy to become a market leader in the state. We anticipate that Herbiculture, combined with our other Maryland dispensaries, will drive substantial revenue growth and profitability,” said Jason Wild, Executive Chairman of TerrAscend.
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