3 Top Marijuana Stocks You Should Know About 2023
The way marijuana stocks have been trading lately has been affecting people differently. To celebrate when the market begins to drop or stays at a low level it creates fear and opportunity. The fear comes from the decline and not being able to make money. As well as seeing your shares lose value. But when there is a pullback of any kind it gives people a buying opportunity. If you see a company falling in the market that your time to look for top marijuana stocks to buy.
Now what many get stuck on is how long it has been taking to see substantial returns. There was a time when the cannabis sector was the way to go if you wanted to see quick turnarounds. Currently, there are more people seeing cannabis as a long-term investment. Especially with no federal reform in place as legislators work to get better reform passed for the cannabis industry. But if you feel now is when you want to begin investing here are some steps to help.
First, you should build a watch list and research every company on it. Knowing more about the company both in and out of the market can help with your investment decision. Next, you want to create a trading plan and work that plan as best you can till you can see some type of profit. When you do create your plan make sure you take into account the way the sector trades. You may need to make adjustments to your strategy as you go. Below are several companies to consider if you are looking for marijuana stocks to watch.
Top Marijuana Stocks 2023
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.
In recent news, the company announced the acquisition of the remaining 57.5% equity ownership of Truss Beverage Co.™ from Molson Coors Canada.
Words From The Company
Blair MacNeil, President, of Tilray Canada, said, “In addition to acquiring full and direct ownership of a stable of high-growth brands, this acquisition further strengthens Tilray’s #1 cannabis market share position in Canada and positions the company at the forefront of the adult-use beverage sector. We are excited to build upon our leading portfolio of beloved cannabis brands and to further diversify our product offerings while broadening our consumer reach and enhancing consumer’s lives.”
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Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally.
It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. On August 14th the company announced its results at its annual general meeting.
Highlights Key Mentions
- setting the size of the Board at seven (7) directors;
- a non-binding advisory resolution on the Company’s approach to executive compensation
- the appointment of KPMG LLP as auditors of the Company for the ensuing year.
Cronos Group Inc.
As well as cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones brand in the United States. Recently the company reported its second quarter 2023 earnings.
Q2 2023 results
- Net revenue of $19.0 million in Q2 2023 decreased by $2.6 million from Q2 2022.
- Gross profit of $3.1 million in Q2 2023 decreased by $1.2 million from Q2 2022.
- Adjusted EBITDA of $(15.9) million in Q2 2023 improved by $0.7 million from Q2 2022.
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