Here’s Why People Are Investing In Legal Cannabis
Most of the marijuana stocks in the cannabis sector are down. Even with some days of momentary recoveries, the average trading day has resulted in red days. Yet there are some who see the cannabis sector and feel now is the time to prepare for the future. With the cannabis industry still young and developing people feel it’s a matter of time before the consistent moment comes back for marijuana stocks.
So with the drop in trading people are searching for the best marijuana stocks to buy. With how low some of these cannabis companies are trading the sector is showing more signs to buy versus sell. Nevertheless, you want to keep an open eye and mind when it comes to investing in cannabis. There are various companies that offer different products and services to help push the industry forward. The better company can remain profitable the better odds of seeing better trading in the long run.
Currently, much of the investment is being seen as long-term holds rather than short-term investing. If you find yourself looking for marijuana stocks make sure you create a trading plan and do your research on each company. The more you know the better you can prepare as well as feel more confident in the cannabis stocks you want to invest in. Below are a few marijuana stocks to keep an eye on this month.
Top Marijuana Stocks 2023
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. In recent news, the company has announced it will be opening RISE Bristol. This makes for Green Thumbs’ 80th retail location in the nation. The opening was set for May 24th.
Words From The Company
“We are thrilled to open RISE Bristol in Virginia, further expanding Green Thumb’s commitment to providing access to premium cannabis brands,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler. “RISE Bristol will serve as a place of well-being, compassion, and support for medical cannabis patients in Virginia.
The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. Recently the company completed the sale of its facility in Canada for CAD $19.7 million.
Words From The Executive Chairman
“I am pleased we were able to complete the sale of this facility at an attractive price. This latest debt paydown adds to the substantial progress we have made over the last three quarters in strengthening our balance sheet by reducing our debt and interest expense. The continued improvement of our balance sheet remains a priority. We plan to pay down additional debt in the coming months,” commented Jason Wild, Executive Chairman of TerrAscend.
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