November could bring some much needed bullish sentiment to the pot stock market. All those who watch the industry know that the past few months have not been especially kind to pot stocks. This is due to a variety of factors including news that has been coming out, and the general volatility of the marijuana stock market. With so many different pot stocks to watch, it seems as though it can be difficult to keep track of where the most value is hiding.
One of the best ways to shift around this is to do as much research as possible. With this in mind, it becomes much easier to avoid the rampant price shifts that can occur with pot stocks. Research seems to be one of the key factors that set apart novice investors from those at the advanced level. Of course, there are no guarantees when it comes to finding pot stocks to watch, but this is definitely a good place to start.
An Alternative Product Producer
1933 Industries Inc. (TGIFF Stock Report) (TGIF Stock Report) is one of the leading vertically integrated pot stocks working out of the industry. The company has stated that their operations vary from the U.S. to Canada. This gives them quite a large scope for the future. The company currently operates through two wholly-owned subsidiaries, which together hold some leading cannabis brands within.
With their subsidiaries, the company is able to participate in many aspects of the pot stock market. This includes cannabis cultivation, extraction, processing and the manufacturing of assets. As they continue to climb to the top of the industry, 1933 Industries remains one of the more prominent marijuana stocks to watch.
The company recently announced that it will be debuting its newest product, the Birdhouse CBD Balm, in the beginning of November. They stated that with this new product, they will be targeting the action sports market. The new product will be available in dispensaries, wellness shops, skate stores and some specialty retailers that they have made deals with. Chris Rebentisch, CEO of 1933 Industries, stated that “We are just starting to scratch the surface of the many applications associated with the cannabis plant and we are pleased to be part of a national conversation about its potential. The anecdotal benefits keep mounting and we believe that this market is underserved.”
Another CBD Pot Stock
Charlotte’s Web Holdings (CWBHF Stock Report) is considered to be one of the largest CBD based companies in the pot stock market. The company has made their business off of producing large quantities of high quality CBD-products for sale in the U.S. market.
As one of the leaders in the health and wellness sector, the company has managed to move to the top of the market in only a short period of time. The company did, however, recently see quite a large pullback which should indicate some waiting before a potential move. Regardless, the company continues to look like an interesting marijuana stock to watch at the current point in time.
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