3 Marijuana Stocks To Watch In The Cannabis Sector
Marijuana stocks saw a nice rise in trading to start the week. When this occurred some shareholders were able to take profits. The reason for this upward push can be due to several factors. For starters a new week more times than not comes with speculation which can lead to a rise in trading. Next being that earnings are soon to come out for Q4 many people are optimistic about what’s to come.
So between this time, we may see an increase in better consistency for marijuana stocks. Historically when a company or several companies can report solid earnings it leads to seeing marijuana stocks rise in the stock market. Now in the event, there is any pullback between now and then it may be wise to look for the best marijuana stock to buy. No matter the sector when investing you want to put yourself in a position to see the most upside and preparation can do just that.
Overall the cannabis industry is still growing every day which will ultimately lead to more investment opportunities in the future. As well by learning about the sector and learning about the companies in them you can also give yourself an edge. The more you know and observe in the cannabis sector the better choices you can make when investing in marijuana stocks. The companies below are several marijuana stocks to watch before November.
Top Marijuana Stocks To Watch In The Stock Market
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis products and related services. In recent news, the company announced it has introduced Hedy. This is a new cannabis-infused edible brand. Hedy will become the unifying brand for all Columbia Care edible products across the country. 
A variety of fast-acting chocolates and gummies are now available in Arizona, Colorado, Delaware, Massachusetts, Missouri, and Virginia. In the coming months, the Company will introduce more options and will have Hedy available in more markets. Additionally, existing Columbia Care edible brands such as NectarBee will be converting to the Hedy brand over time.
Words From The Company
“We are so excited to bring Hedy to life and share with our patients and customers across the country. Our team wanted to create a brand, as well as a bright, fun, and inviting visual representation that truly reflects the uplifting edibles experience,” said BJ Carretta, SVP of Brands, Columbia Care. “Everything from the packaging to the flavors, and eventually the various forms underneath the brand, are all part of this authentic interaction with Hedy.”
[Read More] Top Medical and Ancillary Marijuana Stocks For Q4 2022
Cansortium Inc.
Cansortium Inc. through its subsidiaries produces and sells medical cannabis in the United States. The company engages in cultivation, processing, retail, and distribution activities. On October 11th the company announced the resignation of Chief Financial Officer Patricia Fonseca. However, Patricia, who joined Cansortium in March 2021, will work with the Company over the next month to ensure an orderly transition. The Company has retained a leading executive search firm to find its next CFO.
Also in recent news on October 6th Cansortium Inc. gave an update on its stores after hurricane Ian. As of the date of this release, all of the Company’s 28 Florida dispensaries, including the newly opened Mary Esther location, have re-opened for business. Although twelve of the dispensaries were closed for various periods due to forced evacuations and the uncertain path of Hurricane Ian, the Company believes that the increase in sales prior to the closures helped to mitigate the financial impact of those closures.
[Read More] 2 Top Cannabis Stocks To Buy For October
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, that engages in the cultivation, and production, of cannabis. In addition to the distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
In recent news, the company announced the receipt of the necessary approvals to operate its 22,000-square-foot Nevada cultivation expansion. This will allow for the planting of the first harvest from new grow rooms ahead of the previously forecasted timeline of Q4 2022.
Words From The CEO
“We are thrilled to be able to expand our supply of premium quality flower for our popular Medizin, TRENDI, and Leaf & Vine flower lines. The expanded cultivation will also support our TRENDI vape. As well as concentrates and HaHa edibles. Which are among the top selling brands in their respective categories,” said Larry Scheffler, Co-CEO of Planet 13.
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