Top Marijuana Stocks For Cannabis Investors
Marijuana stock investors are awaiting for stronger trading consistency to enter the sector. For some time there has been increased volatility and limited upward momentum when there is a recovery. Still with how the cannabis sector is performing there could be several opportunities in the near future. For example, with earnings and the continued push on the SAFE Banking Act, we could see better trading upon good results.
Most times when there is a positive catalyst such as news or progress with a particular company it often reflects in better trading. That is why in today’s cannabis market being able to adapt to the volatile patterns is important. When there is a pullback this can be a moment to find top marijuana stocks to buy. Or begin to do your research and build a watchlist of possible cannabis stocks to invest in.
Preparation is key and being able to take up a position at a low entry point is a big advantage to have. Also being able to exit a position at the right time is essential to making money in the stock market. As mentioned above the sector is showing increased volatile action so when there is a rise it’s best to take profits as you can. The companies below are a few marijuana stocks to watch for better trading this month.
Top Marijuana Stocks To Watch In 2023
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. It owns, operates, and manages cannabis cultivation facilities and dispensaries in several states across the United States.
In recent news, the company has announced it has partnered with Praetorian Global, Inc. The goal of this venture is focused on bettering lives through cannabis. With a mission to bring the Binske and Oni brands to the Illinois, New Jersey, and Massachusetts markets beginning later this year.
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Words From The Company
“With one of the strongest management teams in the industry, AWH has a proven track record of growth and stability, making them an ideal partner for our portfolio of brands,” said Alex Pasternack, Co-Founder and President of Binske. ”
Red White & Bloom Brands Inc.
Red White & Bloom Brands Inc. engages in the cultivation and retail of cannabis products primarily in Michigan, California, Florida, and Oklahoma. The company is headquartered in Vancouver, Canada. On May 9th the company notified the CTO issued by the British Columbia Securities Commission. This was done by virtue of having not filed the following periodic disclosure documents by the applicable filing deadlines:
Annual audited financial statements for the year ended December 31, 2022;
Management’s Discussion and Analysis for the period ended December 31, 2022; and Certification of annual filings for the period ended December 31, 2022.
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The delay is due to the complexity of acquisition and disposition transactions. This has resulted in the company and its auditors not having adequate time and resources available to complete the audit in the allotted time. The Company is collaborating with its auditor, Macias Gini & O’Connell LLP, to complete the audit and issue the disclosures by the end of the day on May 9, 2023. The Company will issue advice by news release should any further delays be foreseen.
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