2 Marijuana Stocks To Buy On November 1st?
Marijuana stocks are starting the week with a bit of mixed trading. To be more specific some marijuana stocks are up and others are down. Now, this can be due to several factors but with earnings soon to release the current trading may change. Historically when cannabis companies can produce positive earnings it can help marijuana stocks trade better. As well with November soon to begin there is also a level of speculation. With positive optimism about the start of a new month, it may help to see another rise in trading momentum. However, if you are interested in marijuana stocks to buy it may be wise to do so now. The reason is there are no federal regulations set in place to the amount of volatile trading is high.
Volatility has been the biggest reason why we see a lack of upward trading in addition to other reasons. Nevertheless with federal reform set in place, particularly the end of cannabis prohibtion many feel this will cause a run in the sector. Yet when searching for the right marijuana stocks it will take time and research. Doing your homework on the companies you want to invest in can be a big advantage. When you can find out if a company is doing well out of the market and showing progress can let you know if the company is worth taking the risk or not. The companies below are a few marijuana stocks to watch in the stock market today.
Top Marijuana Stocks To Watch Right Now
- High Tide Inc. (NASDAQ:HITI)
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs manufacture and distributes smoking accessories and cannabis lifestyle products. In recent news, the company announced the launch of its NuLeaf naturals nmulticannabinois products in Manitoba.
Words From The Company
“I am delighted to announce that the highly anticipated NuLeaf Naturals Multicannabinoid products are now available for all licensed cannabis retailers to stock in Manitoba, Canada’s fifth most populous province. Listing these products across multiple Canadian provinces will ensure greater access to these unique multicannabinoid formulations for even more Canadian consumers.”
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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. On October 28 the company announced its $7.5 million public offering. So the company’s public offering is 8,333,335 units at a public offering price of $0.90 per unit.
Each unit consists of one share of Class A common stock and two common warrants each exercisable for one share of Class A common stock at an exercise price of $0.90 per share. The common warrants will be immediately exercisable and expire seven years from the date of issuance.
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As well the closing of the offering is expected to occur on or about November 1, 2022, subject to the satisfaction of customary closing conditions.
