2 Top Marijuana Stocks Making Noise In The Cannabis Sector
Investing in marijuana stocks can offer potential benefits, it is important to do your research beforehand. It is essential to understand the risks involved with investing in a volatile sector. You want to consider factors such as the company’s financials, management team, and competitive landscape. Additionally, it is important to evaluate the legal and regulatory conditions surrounding the cannabis industry, as it is still a highly regulated industry with no federal reform.
Overall, finding marijuana stocks to buy can offer a unique opportunity for investors to capitalize on a growing industry. The cannabis industry is constantly evolving, with new products and technologies being developed. This innovation can lead to new investment opportunities for investors. Yet the bigger concern is what will it take to see better trading all the way around for the sector.
But it is important to approach it with caution and develop a trading plan. Investing in marijuana stocks in a volatile market can offer a unique opportunity for investors to capitalize on a growing industry. While the stock market may be volatile in the short term, the long-term outlook for the marijuana industry is positive. The companies below are a few marijuana stocks to watch that could soon begin to pick up in trading.
Marijuana Stocks To Watch 2023
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles.
In recent news, the company received regulatory approval for the acquisition of peninsula alternative health. The transaction will add a second dispensary to the Company’s Maryland footprint in advance of adult-use sales, which will begin on July 1, 2023. The acquisition is expected to close shortly.
Words From The Company
“We are thrilled to receive regulatory approval for this acquisition just 10 days after signing the definitive agreements,” said Jason Wild, Executive Chairman of TerrAscend. “The timing could not be better as this approval positions TerrAscend to close this acquisition before the launch of Maryland’s adult-use program on July 1st. We expect Peninsula to quickly become one of our highest-performing dispensaries nationwide”
Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products.
It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. Back on June 14th the company announced the voting results of its annual meeting.
1. Fixing the Number of Directors
The number of directors of the Corporation was fixed at five.
2. Election of the Nominated Directors
All five nominees outlined in the proxy statement of the Corporation dated April 28, 2023, were elected as directors of the Corporation by ordinary resolutions.
3. Appointment of Macias Gini & O’Connell LLP as Auditor
Macias Gini & O’Connell LLP was appointed as the auditor of the Corporation, to hold office until the next annual meeting of Shareholders of the Corporation. Plus the directors of the Corporation are authorized to fix the auditor’s remuneration.
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