Will April Bring Better Trading For These Marijuana Stocks?
When investing in marijuana stocks it’s always best to have a plan. For example, you want to research and investigate all you can beforehand. This comes with much due diligence but can have added more value in limiting the risk with investing. Next building a watch list of potential cannabis stocks to buy is also a good strategy to use. A watchlist will allow you to prioritize the top marijuana stocks you feel will be a good investment choice.
Not only that but having a predetermined list can also help keep you focused on the investment options you have selected. However, even with a watchlist things change all the time in the stock market so keeping an eye out for new opportunities is also important when looking for marijuana stocks to buy.
Right now is a great time to build a portfolio of cannabis stocks. This is because of how volatile the sector has been which allows investors to find top marijuana stock at lower prices. Not to mention all the investing surrounding the idea of cannabis being legal on a federal level. Once cannabis is legal in the eyes of the federal government many cannabis markets abroad will look to join the U.S. cannabis industry.
Some people believe the United States going fully legal will to a degree help the Canadian cannabis market. As well on this day some analysts feel this will cause marijuana stocks to see a boost in trading. Currently, marijuana stocks are working to build more momentum that can lead to better trading heading into April. Rember to keep an eye on the market and look for cannabis stocks you feel will yield the best return. The marijuana stocks below are 2 examples of companies looking to move up in the market.
Pot Stocks Watchlist 2021
Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc. is said to be one of the most dominant players in the CBD niche of the cannabis industry. In the companies most recent news it has released its 2020 Q4 results. Some of the highlights to note are the company made a total net revenue increased to $95.2 million vs. $94.6 million in 2019.
Also, the company obtained 3 U.S. Patents for the Company’s proprietary hemp cultivars bringing total patents to 5 in 2021. Not to mention it completed the acquisition of Abacus Health to become the market share leader in CBD topicals1. Here’s what the company had to say about these results.
“We turned a challenging start to 2020 into a strong finish, taking multiple actions and outperforming much of the competitive set to extend our brand and market share leadership,” said Deanie Elsner, CEO of Charlotte’s Web. “We filled product and channel gaps with competitive offerings and advanced the science of hemp CBD through CW Labs and collaborative studies with top tier institutions.”
In recent trading CWBHF stock has started to pick up in trading. Looking back over the last 2 months you can see that even in a volatile market CWBHF stock was able to push up in trading. From the 4th of January to the 21st CWBHF stock reached gains of 35 percent before dropping down at the end of the month.
Final Thoughts On CWBHF Stock And Market Performance
However, even with a downtrend in trading at the end of January, the company was able to maintain a decent market-level heading into February. Once trading in February began another rally began which lasted until the 10th of the month. Shortly after this time CWBHF stock dropped in trading and has been slowly working to recover currently in March.
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Harborside Inc. has been one marijuana stock that in the last 12 months has had a significant boost in trading. In the past year, HBORF stock has jumped up over 300 percent in trading. Back in August is when the company started to see better trading which HBORF stock has been able to sustain. From August to the end of October HBORF stock had a 118 percent increase in trading.
This uptick in trading continued and over the next 2 months, HBORF stock reached higher market levels. From November to the end of December the company continued to climb seeing even more gains with a 31 percent jump in trading. This upward push did not slow down and heading into 2021 as HBORF stock continued its market run. Towards the end of January, trading did slightly decrease but overall HBORF stock still maintained a decent market level.
Now at the start of February HBORF stock began to recover and rally once more. From February 1st to the 10th the company went on a run that made for gains of 30 percent. As trading in March continues the company has been working to recover from this recent downtrend. Investors remain hopeful that April will bring better trading for this marijuana stock to watch.
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