2 Marijuana Stocks That Could See Better Momentum Before 2023
Marijuana stock investors have had to change their trading style to keep up with the market essentially. If you follow the cannabis sector you witnessed the trading average fall drastically and lack upward consistency. Now to be fair even in with the trading average down marijuana stocks have seen all-around better trading. Particularly in the last year. The true issue is trading more at higher levels in the stock market. With how quickly things can happen in the cannabis sector now more shareholders have turned to scalping.
Meaning investors enter a trade and sell their shares moments after finding marijuana stocks to buy. At one time it was not like that most marijuana stocks were able to recover from declines and reach new highs or resume at previous trading levels. This made being able to invest and take profits a bit easier and less complicated. Although volatility has always been present in the stock market for marijuana stocks. Yet that is not what is happening now and those who look for marijuana stocks to buy want to see better momentum.
Now, much of this could be due to the lack of regulations and federal concerns surrounding marijuana. When things become more federally regulated it is possible to see more people feel comfortable investing in the cannabis sector. For now, those who see the upside in a volatile sector continue to look for the top marijuana stocks to watch.
Marijuana Stocks To Watch This Month
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacturing, distribution, and sale of various cannabis products for medical and adult use in the United States. Recently Green Thumb announced a change to its board of directors.
The company has added Richard Drexler, a proven financial executive. Plus Jeff Goldman, is a seasoned entrepreneur with expertise in CPG brand-building. Drexler will assume the role of Chair of the Audit Committee in this new capacity. The appointments follow the resignation of three board members, William Gruver, Glen Senk, and Dorri McWhorter.
Words From The Company
“There comes a time in a company’s evolution that a change in leadership is required, and we regret that there was an impasse with the former board members,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler. “There are massive opportunities in front of us and we now have a board aligned with management to provide increased shareholder value. As we enter this next phase for the company, Richard’s financial discipline and Jeff’s strategic brand experience will help us continue to win as we deliver on our long-term vision.”
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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.
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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
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
