2 Marijuana Stocks To Watch For Stronger Trading
Marijuana stock investors are keeping a close eye on the sector this week. As we enter into a new month investors are watching for better momentum. At the moment it seems that trading is showing an increase in volatility. Nevertheless this month we could possibly see this volatile action play in favor of some. This past year many shareholders had to adjust their trading styles due to inconsistent trading patterns. For instance, most marijuana stocks did not trade with a high level of upward consistency. So they kept rising and falling.
Yet this was not all bad as those who were able to adapt did take profits. So when there are pullbacks it is a chance to find marijuana stocks to buy. But when there is a rise you can either take profits or hold. At one point in time, cannabis stocks performed with a good amount of consistency that when pullback would happen oftentimes it resulted in a strong recovery.
For 2023 there is much to be seen and done that could dictate how the sector trades. This is why investors are keeping an eye on the sector as they look for marijuana stocks to watch. The speculation of what may occur this year has as well played a part in some of this better trading to start the year. Nevertheless, if you are looking for top cannabis stocks for your portfolio the companies below could be right for you.
Marijuana Stocks For Your 2023 Watchlist
StateHouse Holdings Inc.
StateHouse Holdings Inc. is involved in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. On January 26th the company announced the launch of its new high-value customer loyalty program “TOPS” Customers enrolled in TOPS will receive 1 point per $1 dollar spent. As well as 1.5 points per $1 dollar spent on in-house brands, including Kingpen/Kingroll, Fuzzies/Sublime, Urbn Leaf, Loudpack, Smokiez, Harborside Farms, Dime Bag, and Key.
Words From The Company
“We are incredibly excited to roll out TOPS, one of the industry’s highest value loyalty programs,” said Ed Schmults, Chief Executive Officer of StateHouse. “We have a significant opportunity to engage with our valued customer base, which following the integration of our Harborside and Urbn Leaf dispensaries represents in excess of 800,000 unique customers.”
[Read More] 3 Marijuana Stocks To Watch Today For Better Trading
MariMed Inc.
MariMed Inc. engages in the cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. In recent news, the company announced the closing of a $35 million credit facility to accelerate its strategic growth plans. The company closed a $35 million secured credit facility with Chicago Atlantic Advisors, LLC (“Chicago Atlantic”) as the lead lender.
[Read More] 2 Marijuana Stocks To Buy In February?
Words From The CEO
“I am delighted to announce the closing of this transformative credit facility,” said Jon Levine, MariMed President and Interim Chief Executive Officer. “MariMed is known for its operational and financial discipline, resulting in one of the strongest balance sheets in the cannabis industry, enabling us to secure this funding.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
