Marijuana Stocks That Are Capturing Investor’s Attention
Marijuana stocks are still showing patterns of volatile trading. Yet this up-and-down trading during the last half of October has not been as bad. Although volatility is still present some shareholders due to this recent uptick have been able to take profits. Many feel that better overall consistency will eventually make its way into the cannabis sector. Which again many feels will happen once some type of federal reform is passed. Specifically the end of cannabis prohibtion in the United States. Once there is no longer the fear of Federal regulators stepping in the way of the legal cannabis business the chances of seeing a positive sentiment take place are high. Yet when it comes to investing in marijuana stocks the sector is incredibly volatile.
History has shown just because things are going well in the cannabis industry does not mean it will carry over into the market. It is always best to have a plan and be ready to adapt to any unforeseen changes. For example, a company’s stock can be down but outside of the market, the company is crushing it. This can be due to many reasons yet being able to adjust how you trade on short notice can help your odds of seeing a return. Just make sure you do your homework and keep an eye on the marijuana stocks to watch what you feel hold the most value. The companies below could be the right marijuana stocks to buy before the next rise in trading.
Top Marijuana Stocks To Watch Right Now
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Village Farms International, Inc. (NASDAQ:VFF)
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.
The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. Back on October 7th the company reported its Q1 earnings for the fiscal year 2023.
Financial Highlights – First Quarter Fiscal 2023
- Reported net revenue was $153.2 million. On a constant currency basis, net revenue remained strong at $166.5 million for the quarter.
- Maintained #1 position in Canada with 8.5% cannabis market share, driven by
Tilray’s comprehensive portfolio of adult-use brands. - International cannabis revenue was $10.4 million. On a constant currency basis, international cannabis revenue was $11.9 million.
- Achieved $108 million in annualized cash cost-savings since the closing of the
Tilray – Aphria transaction in May 2021, up from $85 million as of May 31, 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.
It has been some time since the last time the company released any news. However back at the end of September, the company was recognized for the Canadian cannabis business.
Stats And Highlights
- Pure Sunfarms ranked 17th of 430 on globe and mail’s 2022 ranking of Canada’s top growing companies and is a top growing cannabis business
- Village Farms named best Canadian cannabis company at 15th Benzinga Cannabis Capital Conference; CEO Michael DeGiglio featured as a keynote
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, of Village Farms.
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