Are These Marijuana Stocks On Your 2021 Watchlist?
With federal cannabis reform becoming more of a reality investors are still on the hunt for the best marijuana stocks to buy. With the promise of better cannabis legislation, many people are looking for ways to invest in the marijuana industry. When it comes to investing in the cannabis industry determining what part and how you want to get involved. One of the easier ways to get started is investing in marijuana stocks.
With cannabis stocks being a simpler way to get involved some people are still not clear on how to get started. The first thing that should be done is research the industry and as many publicly traded companies as possible. With a better education of the market and the cannabis sector, it will give possible investors an advantage to making better returns. You always want to make sure all company info is up to date as well as company financials.
Another factor to consider is looking at the past trading pattern which will give people a better projection of the companies market performance. Right now cannabis stocks have been working to build better momentum and some have succeeded. Yet due to volatility amongst other factors, it’s tough for cannabis stocks to sustain that push. However, in recent market action, marijuana stocks caught a boost in trading after announcements of the reintroduction of the SAFE Act.
Cannabis Stocks And Industry Highlights
Even though this climb was short-lived it gave shareholders a chance to make a return on their investment. The above info is a good starting place to learning how to become invested in the cannabis industry. With the continued growth of the cannabis industry, 2021 is looking like a promising time. The cannabis stocks below are examples of companies that may see better gains this year.
TILT Holdings Inc.
Since the start of the new year, TILT Holdings Inc. has been a marijuana stock that has not received a lot of investor’s attention. However, its initial trading in 2021 started off slowly but was able to see a subtle push at the beginning of January. From the 4th of January to the 20th TLLTF stock went on a run that made for a 75 percent increase in trading.
Yet after this time, the company began to drop in trading before heading into the following month. When trading in February got started TLLTF stock was able to once again climb back up in the market. In the first 2 weeks of trading in February, TLLTF stock went on another run. This time the company was able to push up to higher market levels that produced gains of 51 percent.
Now, like back in January once again the company was not able to sustain its market position and started to dip in trading. However, even with its drop-in trading for the rest of February TLLTF stock still closed the month with a higher market level than when it started the month. Currently, in March the company has been working to build more momentum to recover from previous lows.
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The Valens Company Inc.
The Valens Company Inc. is one of the many cannabis companies that is a bit more volatile than the next. Over the last several months of trading VLNCF stock has been fluctuating in price quite frequently. Back in November, the company was working on picking up in trading after dropping from August to the start of October. Trading in October started to look better but the company could not keep its upward push going. At the start of November VLNCF stock started to look better as the company began to climb in the market. November 2nd to the 9th VLNCF stock reached gains of 17 percent which some may say was a good start to better market levels.
After the 9th the company even with small drops in trading was able to recover to reach higher levels to close out the month. During this run, VLNCF stock had a 10 percent increase in trading which in comparison to previous market levels is much better. In the first week of trading in December, the company went on another downtrend where VLNCF stock dropped 17 percent the following week. For the rest of December, the company could not recover but when the start of 2021 happened VLNCF went on a rally in the first half of January.
Final Thoughts On VLNCF Stock And Market Performance
The 4th to the 14th VLNCF stock reached gains of 62 percent before decreasing in trading the rest of January. However, heading into February VLNCF stock was able to pick up in trading. This uptick helped those who bought shares off the dip make a return. The company saw a decent recovery from the 1st to the 10th of February before yet again losing its market momentum. Currently in March VLNCF stock has once gain started to pick back up but only time will tell if the company can sustain its rise in trading.
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