2 Marijuana Stocks To Buy In October?
Marijuana stocks have continued to see more volatile trading. However, over the last month, some marijuana stocks have been on the upside of this increased volatile action. Moving into October people are still showing the same speculation. Specifically, those who are invested in marijuana stocks. Because they have an interest in it find that better trading is on the way. Now, this is not set in stone and anything can happen especially in the cannabis sector. Still with the industry still young and developing there could be a catalyst that leads to run.
Currently, the patterns that have been happening have been inconsistent. Meaning that when there is recovery it is short-lived that not all shareholders are able to take profits. That this why shareholders have had to adjust their style of trading. Yet there are some who feel that once federal reform is put in place the cannabis sector will see a major run and bring with it consistent momentum.
Although the trading average of the sector is down from what it once was the overall action has been more consistent over the last 6 months to a year. With more growth and development happening in the cannabis industry comes more chances to become involved. So if you want to invest in the best marijuana stocks build a game plan trade that plans and adjusts according. As well you want to always learn and research the companies you feel will make the better cannabis stocks to have in your portfolio.
Marijuana Stocks To Watch Right Now
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. Over the last 2 weeks, the company has made 2 news announcements. On September 22nd the company announced it has received approval to extend market authorization in Italy.
The Italian Ministry of Health approves Tilray branded medical cannabis for pharmaceutical distribution. Following this announcement, the company is preparing to report its first quarter fiscal 2023 financial results on October 7th, 2022.
Village Farms International, Inc.
Village Farms International, Inc. together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. In recent news, the company announced it has been recognized for being a top Canadian cannabis business. Pure Sunfarms has a three-year revenue growth rate of 2,320 percent. As well the company was ranked as the fastest-growing Canadian cannabis company.
[Read More] 2 Marijuana Stocks To Watch All Of Next Week
Words From The Company
“Each recognition of the performance of our Canadian Cannabis business further highlights the strength and success of the Village Farms model and strategy in the cannabis industry,” said Michael DeGiglio, Chief Executive Officer, Village Farms. “We not only led the Canadian cannabis industry in revenue growth over the past three years but have also been consistently EBITDA positive throughout that period – now 15 consecutive quarters.
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