Top Marijuana Stocks To Watch In April As Better Trading Continues
Currently, in April many marijuana stocks are starting to see better trading. This was a much-needed recovery from the recent downtrend that started back at the end of February. With how volatile cannabis stocks can be finding top cannabis stocks to buy at lower entry points is always a good strategy. With this recent down trading, many of the top marijuana stocks were able to purchase at lower prices. This gave people the chance to see solid returns on their investment once a rebound starts to happen.
Now there is no way to be certain when better trading will occur. To understand whether or not your cannabis stock pick will see better trading from this recent dip will come from thorough due diligence. If you look at past trading patterns of that cannabis stock and you see a history of strong recoveries then it’s a good chance the same will happen. However, this is all just speculation and no real well to tell for sure. Yet a way to offset this a bit is to diversify your investment portfolio. For example, if one particular marijuana stock isn’t performing well maybe another one is.
What this does is help you make a return on one investment while waiting to see returns on the next. As well by diversifying your portfolio you’re not putting your eggs in one basket which should never be done as an investor. Right now some marijuana stocks have started to recover and for the ones that haven’t there still time to get in at a decent entry-level. So far in 2021, there has been a lot of progress that has led to a record number of people investing in the cannabis sector. With much time left in 2021, investors keep watching the industry to see what is next to come.
Marijuana Stock April Watch List
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. over the last year has been another top marijuana stock to watch. As some investors see CURLF stock as short-term investment others feel there is more long-term potential. The company is a leading U.S. provider of consumer products in the cannabis industry. In recent news, Curaleaf announced it will have new branding for its Illinois retail locations. This is in addition to contributing close to a million dollars to IL social equity partners. This money will be used to help with better education and job training.
“We are pleased to bring the Curaleaf brand to the greater Chicago area,” said Joe Bayern, Curaleaf Chief Executive Officer. “The rebranding of these locations directly aligns with our strategy of building strong, national brands that deliver high-quality products backed by science to meet the needs of our patients and customers. We are also extremely proud to be active partners within these local communities and we look forward to building collaborative relationships and investing in long-term opportunities with them.”
Over the last 2 months of trading, CURLF stock has been able to work past market volatility amidst coming out of a downtrend. At the start of February CURLF stock was able to see an increase in trading in the first week and a half of the month. From February 1st to the 10th CURLF stock produced gains of 27 percent. After this run CURLF stock started to lose some momentum. Yet overall the company maintained a higher market level than the start of the month.
Final Thoughts On CURLF Stock And Market Performance
When trading in March got started the first day of the month CURLF stock saw a small spike. Right after the 2nd of March CURLF stock began to feel the effects of the downtrend the overall market was facing. Now during this dip in trading from the 8th to the 9th, it looked like the company was starting to recover but was not able to sustain its upward push during this time. Most of March was met with lower trading but as mentioned above held a decent market position to recover from. Currently in April CURLF stock is slowly starting to pull up as investors keep watch to see how much higher the company can go.
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4Front Ventures Corp.
4Front Ventures Corp. is known as is a national multi-state cannabis operator. The company grows top-shelf quality cannabis with a low-cost setup. With many cultivators using expensive equipment to grow quality cannabis 4Front is doing it with a lower budget. Which is what gives them an edge over other marijuana companies in the same space. In the last 2 months of trading, FFNTF stock saw a good amount of price fluctuation in the market.
When trading in February began FFNTF stock was able to catch a nice boost in momentum. From February 1st to the 10th FFNTF stock was able to see gains of 64 percent. Yet from this point, FFNTF stock started to face some market volatility. This led to some up and down trading that continued until the 23rd of February. After the 23rd FFNTF stock started to lose its momentum a started to trade down the rest of the month and all of March as well.
However, even with trading down the rest of February and March small spikes in trading did occur. Which some investors were lucky enough to capitalize off of. As trading in April is underway the company is still working to see better market levels. FFNTF stock is still showing a lower entry point. This may a good time to look at the company as a marijuana stock to buy.