3 Marijuana Stocks To Watch This Friday
So it begins marijuana stocks are starting to see some pullback. However, all is not lost as this has its pros and cons. The obvious upside is being able to find top marijuana stocks to buy at lower entry levels. In fact, over the last few days, this has been the strategy for most. Some of the bigger MSO marijuana stocks are trying to regain their momentum. As well as all of the other cannabis stocks facing a momentary decline.
With there being some pullback the downside is the drop in trading and not being able to take profits. However, the above info can be a means to prepare for the next rise in trading. The 2023 trading has only just begun so many things can happen. Especially with various catalysts and ventures that may help with how the sector performs. Right now the major focus is companies reporting strong financials along with federal cannabis reform.
If the cannabis industry had comprehensive reform many feel this would be huge for the overall sector. So if you feel investing in legal cannabis is the path for you start by finding marijuana stocks to watch. Once you have a watchlist begin to research and learn about each company so you can have a better idea of which ones are worth investing in.
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles.
In recent news, Wana brands partnered with Terrascend to bring its best-in-class edibles to New Jersey. As well as expanding its existing lineup in Maryland. The agreement will also transfer to TerrAscend, the manufacturing and sales of Wana’s existing portfolio of products in Maryland.
Acreage Holdings, Inc.
Acreage Holdings, Inc. formerly High Street Capital Partners, is a principal investment firm specializing in the cannabis industry. The company was founded in 2014 and is based in New York, New York. Back on January 10th, the company announced the start of adult retail operations in Connecticut.
Total Connecticut market adult-use sales are anticipated to reach $375M in 2023. Acreage’s The Botanist dispensary in Montville is one of the first to serve adult-use consumers in the state.
Words From The Company
“The Botanist team is thrilled to expand our Connecticut operations to adult-use consumers, beginning with the Montville location,” said Peter Caldini, CEO of Acreage. “We expect Connecticut will be a booming adult-use market, and The Botanist is prepared to meet heightened demand with increased inventory, dedicated medical patient services, and more.”
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
Recently the company announced its fourth Florida dispensary located in Port Orange in the Daytona Beach metropolitan area.
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Words From The CEO
“We are moving along at a steady pace in bringing our vision to fruition in Florida. We are balancing the competing priorities of opening as soon as possible with the need to do it in a cost-effective manner that reduces cash outlay and creates a long-term competitive position,” said Larry Scheffler, Co-CEO of Planet 13.
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