2 Marijuana Stocks To Buy 2nd Week Of November?
Most marijuana stocks are still facing the volatile trading that is happening. This unpredictable trading has had its fair share of pros and cons. Some, are now more cautious about future trading inside the cannabis sector, and for good reason. Many marijuana stock investors have had to adapt to a new style of trading. For example at one point in time when a cannabis stock would have some pullback they would see almost an immediate bounce. Currently, that is not the case as most marijuana stocks when they do recover drop back down shortly after.
Yet all stocks at some point do see a pullback but in recent trading, the consistency in which a marijuana stock will stay up is short-lived. Nevertheless, those who have been able to change their trading style have been able to see better profits. Now every day in the stock market is different which brings various chances to make better trades.
So with proper research and preparation, those looking for marijuana stocks to buy may see better gains. Like most investments nothing is a guarantee as anything can happen. Still, with much to be done in the cannabis industry, there are many variables as to why marijuana stocks could see better trading. The companies below are a few marijuana stocks to watch that have a good shot at seeing an increase in momentum this month.
Top Marijuana Stocks In The Market Right Now
Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc. engages in farming, manufacturing, marketing, and selling hemp-derived cannabidiol (CBD) wellness products. The company recently announced it has entered a strategic alliance with Tilray for manufacturing and distribution in Canada.
Words From The Company
“Charlotte’s Web is thrilled to be partnering with Tilray, a respected global category captain. This underscores our strategic expansion into international markets with leading domestic partners by leveraging well-established infrastructure, co-production, and route-to-market capabilities,” said Jacques Tortoroli, Chief Executive Officer of Charlotte’s Web.
[Read More] Top Marijuana Stocks To Watch 2nd Week Of November
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. Over the last week, the company has announced some key updates. On November 2nd Planet 13 announced the Illinois dispensary location. The company has submitted its proposed Illinois location in Fountain Square, Waukegan, Illinois to the Illinois Department of Financial & Professional Regulation.
As well as local regulators for approval. In more recent news the company will host a conference call on November 10th, 2022 at 5:00 p.m. ET. The purpose of the conference call is to discuss its third-quarter financial results and provide investors with key business highlights.
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