The Best Marijuana Stocks To Buy This Week?
With marijuana stocks in a place to see better trading what will investors trade? This week companies are starting to report earnings which can lead to an increase in momentum. These last several weeks the cannabis sector has faced an influx in volatile trading. For some, this was a chance to find top marijuana stocks on the pullback and for others a chance to take profits. However, this week may bring some upward consistency and bring down the volatility.
If the cannabis sector were able to see consistency in upward trading it will do a lot of good for investors and the sector as a whole. Much of the trading that has been done has been off of speculation. With no federal regulations in place, people use speculation and the results of cannabis companies to base their trading. Now the cannabis industry overall is still young and developing. Inside the United States, more than half of the country has already legalized cannabis in some fashion. The industry is growing and progressing at a fast pace.
So whether you feel there is too much risk versus reward there are many who feel marijuana stocks will see ultimately see stronger trading. Again this is just speculation as marijuana stocks perform in a sector with a high amount of unpredictability. Nevertheless, if you feel the cannabis sector is worth investing in then check out these 2 cannabis stocks to watch below.
Top Marijuana Stocks To Watch Today
Cansortium Inc.
Cansortium Inc. through its subsidiaries produces and sells medical cannabis in the United States. The company engages in cultivation, processing, retail, and distribution activities. Over the last 4 weeks, the company has made a few announcements. On October 11th the company announced Patricia Fonseca has resigned as Chief Financial Officer of the Company, effective November 21, 2022. Patricia, who joined Cansortium in March 2021, will work with the Company over the next month to ensure an orderly transition. 
The Company has retained a leading executive search firm to find its next CFO. In more recent news Cansortium announced shares for debt settlement. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company as listed on the Canadian Securities Exchange on September 30, 2022. The price is US$0.155, in accordance with the policies of the CSE.
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Ayr Wellness Inc.
Ayr Wellness Inc. a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company’s cannabis and cannabis products include concentrates, edibles, and vaporizers. This past week the company reported its Q3 2022 financial results.
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Third Quarter 2022 Highlights
- Retail Updates
- Opened two Greater Boston adult-use dispensaries in the heart of Boston’s Back Bay and Watertown.
- Opened two new dispensaries in Florida during the third quarter and an additional two stores in November, bringing Ayr’s total footprint to 52 dispensaries across the state.
- Brand/Product Updates
- Introduced Lost in Translation (LIT), an award-winning cannabis brand known for sought-after genetics and terpene profiles, in Massachusetts, Florida, Pennsylvania, New Jersey, and Arizona.
- Introduced HAZE live resin concentrates and vapes across the Company’s footprint in Florida and Nevada.
- Launched Levia water-soluble tinctures in Arizona and Nevada in August, representing the first expansion of Levia outside of Massachusetts.
- Introduced Secret Orchard vapes in Nevada.
