2 Marijuana Stocks To Watch As March Begins
The cannabis industry has come a long way over the last several years. From new products to more than half of the United States legalizing cannabis in some form. From this success, marijuana stocks have felt this impact in the market. Meaning that the progress of the sector has led to seeing stronger trading at times. For those looking for the best marijuana stocks to buy 2023 is a good time. Mainly due to how volatile the market can get which often leads to up-and-down trading.
So when there is some pullback it’s an opportune moment to find top pot stocks at low entry points. As well as good preparation to find marijuana stocks like this before things begin to pick up. This month cannabis companies will soon start to report their earnings. When a company reports strong earnings it has the potential to resonate and create better trading momentum.
For those looking to invest in cannabis stocks make sure you establish a game plan. As well as learn about the sector and different companies within them. Although volatility impacts much of the sector the same when a company is a bit more successful a recovery could happen sooner. The companies below are a few marijuana stocks to watch for this month for better trading.
Top Marijuana Stocks 2023
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- High Tide Inc. (NASDAQ:HITI)
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 is to receive more than $4.8 million in Employee retention credit. As well as jointly reduce more than $6.4 million of existing debt.
Greenlane is pleased to announce the influx of non-dilutive capital, as well as the corresponding voluntary paydown of its existing debt. Greenlane continues to focus on its transition to a consumer business model with an emphasis on higher-margin-owned brands.
Words From The Company
“Today’s announcement allows us to reduce our debt and provide capital for the innovative products that will continue to come from Greenlane throughout the year,” said Craig Snyder, CEO of Greenlane. “It is also a key step forward in structuring the business on its path to profitability.”
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High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company manufactures and distributes smoking accessories and cannabis lifestyle products. Recently the company announced its first quarter 2023 financial results. The company will release its financial and operational results for the quarter that ended January 31, 2023, after financial markets close on Friday, March 17, 2023.
Following the release of its first quarter 2023 financial and operational results, High Tide will host a webcast with Raj Grover, President, and Chief Executive Officer.
[Read More] 3 Marijuana Stocks To Watch In Stock Market Today 2023
As well as Sergio Patino, Interim Chief Financial Officer, to discuss the Company’s financial results and its plans for the rest of 2023, at 11:30 AM Eastern Time on Monday, March 20, 2023.
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