Top Marijuana Stocks This Year
When searching for marijuana stocks to buy it’s always key to do your research. In addition to finding out the proper info knowing your trading strategy is also an important factor. Some investors whether experienced or novice either play the short or the long game. To Elaborate some traders like to day trade which is more of a swing trading strategy. In comparison to long term strategy. Which in most cases holding a long-term position is done so up to one year. However no matter the strategy the end result is the same and that’s to make money.
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Yet with marijuana stocks in specific most times, people tend to play the short game. This is due to the volatility that surrounds most marijuana stocks such as Aurora Cannabis Inc (ACB Stock Report) and OrganiGram Holdings Inc (OGI Stock Report). For those who don’t know, volatility is when a stock’s price fluctuates consistently between high and low. As a safer investment, some traders look for less volatility and this is where MSO marijuana stocks come into play. So however you choose to build your portfolio make sure you have a plan that allows you to see the best return on your money. Below we will discuss 2 marijuana stocks to watch that may end up on your 2021 watch list.
Marijuana Stocks To Watchlist
Neptune Wellness Solutions Inc. (NEPT Stock Report)
Aphria Inc. (APHA Stock Report)
A Top Pot Stock To Buy [Or Sell] Neptune Wellness Solutions Inc.
Neptune Wellness Solutions Inc. at one point in time was a sought-after marijuana stock. Yet due to negative earnings, the company is working to build up more momentum. The company runs its operation as an integrated health and wellness business. They work in the cannabis space by providing various services. For example, Neptune Wellness offers product development and business solutions to the marijuana niche. As well they provide quality control in the extraction and purification of cannabis and hemp derivates. As more people use cannabis and hemp derivates the more people will need a company like Neptune Wellness.
On November 16th the company released its Q2 report missing market expectations. Neptune Wellness is showing a quarterly loss of $0.20 per share. Yet due to Q3 fiscal 2021 projections, the future of this marijuana stock may turn around for the better. In the company’s most recent news Neptune Wellness Solutions Inc has managed to bring in over US$100 million in new delivery orders. These orders signify an interest in Neptune as the main distributor for new health and wellness products.
“We are continuing to vet and add additional products in specific areas which we’ve identified as having the greatest opportunity for growth and success in the health and wellness space, including in personal protective equipment,” a spokesperson for the company said. “Our footprint for distribution has been growing exponentially over the last several months and we see that continuing through the end of the year.”
As long as Neptune can stay active with their business the future holds great potential. So inconclusion with much in the works for this marijuana stock, 2021 may be a more promising year.
A Top Pot Stocks To Buy [Or Sell] Aphria Inc.
Aphria Inc. Based out of Leamington, Canada this marijuana stock operates as a cultivator and distributor of pharmaceutical cannabis. They not only sell cannabis throughout Canada but internationally as well. Yet with the launch of Canada 2.0, the company has seen success with the derivates side of the cannabis consumer market. Back in the beginning of November Aphria issued a press release stating that it has entered into an agreement of merger and acquisition to acquire SW Brewing Company, LLC. Valued at close to USD $300 million this purchase has been authorized by Aphria’s Board of Directors and is anticipated to close before the end of 2020. The company’s Chairman and Chief Executive Officer had this to say about this deal.
“Our strong balance sheet and access to capital have enabled us to enter the U.S. through this strategic and accretive acquisition. We will establish and grow our U.S. presence through SweetWater’s robust, profitable platform of craft brewing innovation, manufacturing, marketing and distribution expertise. At the same time, we will build brand awareness for our adult-use cannabis brands, Broken Coast, Good Supply, Riff and Solei, through our participation in the growing $29 billion craft brew market in the U.S. ahead of potential future state or federal cannabis legalization,” said Irwin D. Simon,
Recently in the market, APHA stock has seen great momentum.
Over the last week starting from November 10th APHA stock has seen an increase in trading. Jumping from a low of $5.22 to a current average share price of just above $6. This uptick shows an increase of 17.24% which in a volatile market is substantial gains. So with as Aphria looks to expand their business through acquisitions hopefully the market side of things keeps going up for this marijuana stock to watch.
