2 Marijuana Stocks To Watch Right Now
The cannabis industry has been finding a new wave of momentum especially marijuana stocks. If you haven’t been paying attention now is as good as any time to find marijuana stocks. With all the recent developments in the cannabis industry, an uptick has found its way into the market. During the month of November, many top marijuana stocks posted record-breaking earnings reports in addition to nonstop talk of federal cannabis reform. Not to mention the increase in cannabis demand, and with talks of a second pandemic lockdown, this demand may grow. These factors contribute to marijuana stocks seeing better than usual price movement this past month and even in December.
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Looking For The Best Marijuana Stocks To Invest In? 2 Pot Stocks To Watch
Marijuana stocks trade in a volatile market that is dependant upon what a company is doing along with new developments. For example, everyone in the industry is preparing for the possibility of cannabis being re-scheduled on a federal level. This speculation has caused a surge in market action causing some marijuana stocks to rally. Many investors feel they missed the first go-round with cannabis investing and they don’t want to miss out a second time. That’s why we are currently seeing many people scrambling to find the best pot stocks to buy. Below we will go over what some say maybe the best marijuana stocks to buy to add to your portfolio.
Cannabis Stock Watchlist This Month
Cronos Group Inc. (CRON Stock Report)
Cresco Labs Inc. (CRLBF Stock Report)
Top Marijuana Stocks To Buy or Sell: Cronos Group Inc. (CRON)
Cronos Group Inc. is one of Canada’s top-performing marijuana stocks. This cannabis company runs its operation by developing innovative technology through the use of cannabis and CBD products. Over the last month or so CGC stock has seen a rise in its share price. From November 4th to December 7th CGC stock is up over 50% in that time with momentum still building. As well back in November Cronos Group released a solid Q3 earnings report. The company reported a gross loss of $1.5 million in Q3 however Cronos Group saw an increase in net revenue. The company generated net revenue of $11.4 million in Q3. This was primarily caused by the continued surge with the adult-use cannabis in cannabis.
“The opportunities before Cronos Group are more exciting than ever and I am honored to have brought the company to this important inflection point as we bring on Kurt Schmidt to serve as our new President and CEO,” said Mike Gorenstein, Executive Chairman of Cronos Group. “We look forward to continuing to launch innovative cannabinoid products in Canada and to expand our portfolio of U.S. hemp-derived CBD brands. Internationally, we’re pleased with the progress we have made in Israel and as regulations continue to evolve, we will look to establish ourselves as a leader in the markets in which we operate.”
Final Thoughts On Marijuana Stock Cronos Group Inc.
In addition to this release back in November, the company has launched a new CBD brand, Happy Dance™, which is showing promise in the U.S. market. Also, Cronos obtained approval in Israel to sell PEACE NATURALS which is a brand of pre-rolled joints and concentrates. As Cronos Group continues its progress in the attempt to recover its losses what happens in the future will determine that. For now, investors are keeping an eye on this top Canadian marijuana stock to watch.
Top Marijuana Stocks To Buy or Sell: Cresco Labs Inc. (CRLBF)
Cresco Labs Inc. is another marijuana stock to watch that has continued its momentum into December. From the beginning of November to the 7th of December 2020 CRLBF stock is up 33% and up 88% for the year. This influx in trading may partly be due to the company posting record-breaking Q3 earnings. Cresco Labs is a vertically-integrated multi-state cannabis operator in the United States. The company contributed great value to the industry. For example beyond just operations, the company has developed the industry’s first national comprehensive Social Equity and Educational Development (SEED) initiative.
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This SEED initiative was created to assure that all people have the ability to learn along and have the opportunity to work or own businesses in the cannabis industry. With how many jobs the cannabis industry will create programs like this are much needed. As Cresco Labs continues to push boundaries in the industry the company is making sure they stay on top of their game. With much promise for Cresco Labs heading into 2021 investors continue to focus on this top marijuana stock to watch.
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