2 Marijuana Stocks To Buy This Week
Marijuana stock investors are keeping a good level of optimism this upcoming week. This past week there was a bit more volatile action. This time was a moment to prepare for future trading. In most cases when volatile trading takes place there is usually and consistent up-and-down pattern. When there is some pullback that is a chance to find top marijuana stocks to buy. As well when there is a recovery it is a time to take profits. Like any stock, it’s about buying low and selling high.
For some new investors, it’s best to build a watchlist and go through the due diligence process. If you are looking to invest in the cannabis sector it’s best to find cannabis stocks to watch. Narrowing down your watchlist and focusing on certain companies can help create better profitability.
The more you learn about a company will give better insight into whether the company is worth investing in. As mentioned above this month has begun with a bit of up-and-down trading. Yet as more things develop in the cannabis industry we may soon see a recovery in momentum. Below are a few pot stocks to watch in 2023 that have a good chance of building better consistency in the cannabis sector.
Marijuana Stocks To Watch 2023
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- GrowGeneration Corp. (NASDAQ:GRWG)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods.
In recent news, the company announced it has entered an agreement to distribute Greenlane brands in Mexico. Greenlane has partnered with Zhar Capital to promote, market, distribute and sell the Greenlane Brands to retailers for resale in Mexico.
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Words From The Company
“We look forward to offering our innovative and premium products in the growing Mexico market through our partnership with Zhar Capital,” said Craig Snyder, CEO of Greenlane. “Their knowledge and expertise in business practices in Mexico allow us to expand into this rapidly growing consumer market in an efficient manner. We are excited to offer our brands in Mexico for many years to come.”
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GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States.
Back in January, the company announced a new store in Traverse City, Michigan. As a part of the transaction, GrowGen also took over the existing store location at 90 N. US-31 S., Traverse City, MI.
Words From The CEO
Darren Lampert, Co-Founder, and Chief Executive Officer of GrowGen said, “We are excited to expand our retail footprint to northern Michigan to more efficiently and effectively service the many growers in that area. The Grow Store has had incredible success and we are excited to continue its legacy in the Traverse City market.”
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