Investors Are Still Finding Value In These Marijuana Stocks
When looking for marijuana stocks to buy in 2021 there are few things to know before investing. For starters, if you are new to investing in cannabis stocks you want to learn about trading in the stock market. Yet some people like to learn as they go but this can lead to more issues if you don’t know what you’re doing. For instance, you don’t want to jump right into buying cannabis stock or any stocks if you don’t understand how to trade. So the first initial step should be to learn about trading.
Once you have developed an understanding of trading next you should build a watchlist of potential pot stocks you want to buy. When you have built a list of cannabis stocks then you can start the due diligence process. By researching all you can about the marijuana stocks you listed you will better insight into which ones hold more value. For instance, one marijuana stock may trade well in the market but as a business is not the most progressive company. This may lead to bumps in the road along the way.
When a cannabis company shows positive results in both its business and trading it’s usually a good sign to invest. You want to make sure the company is in good standings and as up-to-date as possible. Once your homework has been done on each marijuana stock you will be able to gauge the better plays to invest in. Currently in the market marijuana stocks are still working to see better trading. This gives new and seasoned investors a chance to find top marijuana stocks to buy at lower share prices. The name of the game is to buy low and sell high and these marijuana stocks below may give investors that opportunity.
Marijuana Stock Watchlist 2021
Greenlane Holdings Inc.
Greenlane Holdings Inc. has been one more favored marijuana stock to watch for some time now. In recent news, the company announced that they have entered into a definitive merger agreement with KushCo Holdings Inc. In this agreement, KushCo will become the wholly-owned subsidiary of Greenlane.
“This transformative transaction is expected to create a broad and complementary platform that we expect to deliver substantial synergies at an important inflection point in the cannabis industry,” said Aaron LoCascio, Chief Executive Officer and Co-Founder of Greenlane.
“We’re excited to create a leading, innovative supplier of cannabis ancillary products serving the most valuable segments of the supply chain,” said Nick Kovacevich, KushCo’s Co-founder, Chairman, and Chief Executive Officer.
Over the last 2 months of trading GNLN stock has been trading in a volatile pattern. At the start of February GNLN stock was able to catch a boost in momentum that led to better trading in the first half of the month. In the first week of February GNLN stock started its climb that led to gains of 72 percent.
Pushing forward GNLN stock was able to continue its climb the second week and from the 5th to the 10th GNLN produced gains of 35 percent. However, after this point, GNLN started to lose its momentum and started to dip in trading for the rest of the month. For trading in March, GNLN stock was still on a downward pattern and now in April has started to show small signs of a recovery.
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Cronos Group Inc.
Cronos Group Inc. has been on sitting on the watchlist of many investors as a promising Canadian marijuana stock. This past month Cronos Group released its 2020 Q4 and full-year report. During this time the company generated a net revenue of $17.0 million in Q4 2020. This is an increase of $9.7 million from Q4 2019. As well the company had capital expenses of $35.4 million in Full-Year 2020. This is a decrease of $3.6 million from Full-Year 2019.
“Our fourth quarter 2020 results are the summation of the hard work and perseverance the Company has put into this past year despite the challenges of 2020. As we look to 2021, I’m incredibly excited about the teams we have supporting our brands and the breakthrough research and development (“R&D”), innovation and exciting marketing campaigns Cronos Group plans to execute on. We are poised to build upon the growth we experienced in 2020 as we continue to push cannabinoid innovation and differentiated product offerings under our portfolio of brands,” said Kurt Schmidt, President and CEO of Cronos Group.
Looking back at the last 8 weeks of trading and CRON stock has had moments of increased trading. In the first 10 days of February CRON stock was able to see a nice uptick in the market. During that time in February CRON stock saw gains of 52 percent.
However, shortly after many cannabis stocks including CRON stock fell victim to the market downtrend at the time. This downward trading lasts the rest of the month which carried on into the entire month of March. Currently in April CRON stock is still working to see a pickup in trading as investors keep an eye on this cannabis stock to watch.
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