2 Marijuana Stocks To Watch For Better Momentum
Investing in the cannabis industry is an avenue for people looking to capitalize on a growing market. Now, this sector comes with a level of risk and caution but the reward can be gracious. For instance, those who are directly invested in the company or start have had the most hurdles when beginning. This is because the investment is in business that fuels an operation. Another road is investing in marijuana stocks which is what most try to start with.
Initially, you want to learn about the various cannabis companies that are publicly traded. There are different sectors in the cannabis world and each company provides its particular service. These services can range from ancillary options such as packaging or pure-play companies that solely deal with cannabis such as cultivation. Nevertheless with the continued progress of the cannabis industry, many are looking for the best marijuana stocks to buy.
But before you do your best to do your research and get familiar with companies that you feel would be good investments. As well most cannabis stocks deal with high levels of volatility so organizing a game plan can also help to take profits at the right time. Below are a few marijuana stocks to watch as a new month of trading has begun.
Top Marijuana Stocks 2023
- Organigram Holdings Inc. (NASDAQ:OGI)
- Canopy Growth Corporation (NASDAQ:CGC)
Organigram Holdings Inc.
Organigram Holdings Inc. through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. In recent news, the company has accelerated its focus on vapes with a strategic investment in Greentank. 
The Purchase Agreement provides Organigram with an exclusivity period in Canada for the new technology incorporated into 510 vape cartridges. This is for use with cannabis, including the development of a custom all-in-one device that will be proprietary to Organigram1.
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Highlights
- Organigram’s deal with Greentank which brings new heating technology is anticipated to grow Organigram’s vape market position with plans to launch prior to the end of its current fiscal year
- Investment includes 18-month exclusivity right in Canada for the new technology incorporated into 510 vape cartridges
- $4 million USD (~$5.5 million CAD) strategic investment for a minority interest in the parent of Greentank
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. On March 29th the company released updates on its cannabis beverage portfolio.
The company is introducing Canada’s first-to-market cannabis-infused beverage under the Deep Space brand. Canopy is also launching four new flavors under the Tweed brand for springtime enjoyment.
DEEP SPACE PROPULSION
So Deep Space is launching two new cannabis beverages to its lineup. This makes it the first in the Canadian market to combine cannabis and caffeine in a beverage. Each with 10 mg of THC, and 30 mg of naturally occurring caffeine. Plus 10 mg of CBG, Deep Space Propulsion Pulsar Peach, and Deep Space Propulsion Cosmic Cherry Lime. These flavors take cannabis beverages to a higher level.
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TWEED
Tweed continues to expand its beverage product offerings with the introduction of Tweed Iced Tea Peach with 5mg THC. Also, Tweed’s new cannabis-infused Sparkling Lemonade is as well available in strawberry. This is a carbonated drink made with naturally flavored fruit, and juice containing 7.5 mg of THC. In addition to these options Tweed also welcomes Tweed Fizz Pineapple cannabis-infused sparkling water.
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