3 Marijuana Stocks To Watch This Week
Marijuana Stocks are still showing some pullback which does have a major upside. This upside is with the level of pullback creates an opportunity to find the best marijuana stocks to buy. But what will it take to see more upward consistency? Well for starters we know the passing of federal reform would most likely lead to overall better trading. Which as history has shown many times before.
The next is the overall progress of the cannabis industry and how it will playout for the publicly traded side of the business. So for instance back in 2021 various companies were able to grow through M&A. What this did is position some of the companies to expand their operations by opening new dispensaries. Or by adding new board and team members along with other new products and facilities.
Now in 2022 a lot of the ventures are starting to take action. So with this, there is more reason as to why marijuana stocks could see an all-around better year of trading. Since the start of 2022, there have been more red days than green. However, this time last year the sector was still down yet there have been more volatile climbs so far.
Marijuana Stocks Continue To Trade With More Volatility
As more volatile spikes occur there are more traders trying to capitalize on it. Due to how unpredictable things are in the sector any chance to make a profit should be done. Although with Senate Majority Leader Chuck Schumer soon to file his reform bill many feel this will lead to a rise in trading. Still, for those who are looking for top marijuana stocks, you will need to do your homework. Get familiar with the industry and the companies within the sector. Learn about each possible cannabis stock you feel will fit your trading style and portfolio. Below are some cannabis companies that may be a good fit for your marijuana stock watchlist this week.
Top Marijuana Stocks To Watch Right Now In 2022
- Columbia Care Inc. (OTC:CCHWF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
- Planet 13 Holdings Inc. (OTC:PLNHF)
Columbia Care Inc.
Columbia Care Inc. . cultivates, manufactures, and provides cannabis-based health and wellness solutions, and derivative products. In recent news, the company announced the celebration of its 3rd dispensary opening in West Virginia. Albans is the third of five dispensaries in West Virginia that Columbia Care will open this year. Cannabist St.
Albans began sales on Wednesday, March 9, with a variety of flower options. All three dispensaries will introduce vape products in the coming weeks. Patients will also be able to use Columbia Care’s proprietary cannabis discovery tool, Forage, both in-store and online to help find strains and products to fit their needs.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels.
Back on March 10th, the company announced the launch of Select Live Rosin. This makes for the company’s first line of solventless extracts, to patients across Florida. The products will initially launch at 12 Curaleaf locations and will continue to expand statewide by April 7th.
Words From The Company
“We are proud to expand our product offerings in Florida to serve our patients’ increasingly sophisticated preferences,” said Matt Darin, President of Curaleaf US. “Curaleaf’s R&D strategy is rooted in delivering novel and exceptional customer experiences, and introducing affordably priced live rosin products along with high-quality vape hardware not only reimagines what is possible for the Company, but for the industry at large.”
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, cultivates, produces, distributes, and markets cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
It also operates dispensaries. At the start of March, the company announced the completion of its acquisition of Next Green Wave vertically integrating in California.
Key Transaction Highlights and Benefits
Increase vertical integration – cultivation and production will serve as the backbone of Planet 13’s operations in the California market.
Brand and product extension – enables Planet 13 to expand its popular brand portfolio into California.
Experienced management – adds an experienced management and cultivation team to run Planet 13’s California operations.
Platform for expansion – enables Planet 13 to continue to add retail in California to generate economies of scale.
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