2 Marijuana Stocks To Watch This Month For Better Trading
The start of the week for marijuana stocks still shows some light pullback off the open. Mid-day -trading was not bad for some as other publicly traded cannabis companies were not able to see significant upward trading. Still with a new month of trading comes an increase in volatile trading. When a new month or even a new week begins there is always a certain level of speculation that can either cause a rise or decline. If investors catch wind of any positive news it most times leads to a rise in some marijuana stocks.
The other side of speculation is the fear of what may go wrong or not happen inside the market. The cannabis industry as a whole is still relatively young and developing. This can lead to even more speculation on what can happen in the future. For those looking for marijuana stocks to buy now may be a good time with this volatile pullback. When a decline takes place it’s always a good time to take up a position with some of the better marijuana stocks to watch.
The cannabis industry has many new things happening which can also play a factor in the sector. Even with the trading average down the cannabis sector has seen more action today than this time last year. So if you are looking to invest make sure you do your homework prior. Give yourself the best upper hand through good due diligence. The companies below are some options to consider when looking for good marijuana stocks to watch in the stock market today
Top Marijuana To Watch Right Now In 2022
- Goodness Growth Holdings, Inc. (OTC:GDNSF)
- Cronos Group Inc. (NASDAQ:CRON)
Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. operates as a physician-led cannabis company in the United States. The company cultivates cannabis in environmentally friendly greenhouses. As well as manufacturing pharmaceutical-grade cannabis extracts.
Plus and selling its products through its network of Green Goods and other Goodness Growth branded retail dispensaries, as well as third-party dispensaries. On August 25th the company announced the launch of boundary Boundary Waters pre rolls in Minnesota.
Words From The Company
“Our Boundary Waters brand was inspired by the beauty and calm of Boundary Waters Canoe Area Wilderness and the importance of keeping public lands, like the Boundary Waters, clean and safe,” said Harris Rabin, Chief Marketing Officer for Goodness Growth. “We take that mission seriously and have applied the concept of environmental preservation to the packaging of our Boundary Waters products.”
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Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States.
The company cultivates, manufactures, and markets cannabis and cannabis-derived products for the medical and adult-use markets. In recent news, the company released its Q2 2022 earnings on August 9th.
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- Net revenue of $23.1 million in Q2 2022 increased by $7.4 million from Q2 2021
- Gross profit of $4.1 million in Q2 2022 improved by $19.9 million from Q2 2021.
- Adjusted EBITDA of $(18.8) million in Q2 2022 improved by $31.0 million from Q2 2021.
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