Will These Marijuana Stocks Breakout Next Month
If you are looking to invest in top marijuana stocks there is much anticipation for the sector. To begin Senate majority leader Chuck Schumer and several other leading politicians have finally shown their reform bill. As well many publicly traded cannabis companies are getting ready to report earnings. In addition to various companies finalizing different ventures and projects. With all of the above, there is more than enough reason to see an increase in trading. Yet when it comes to any type of investing and pot stocks are no different nothing is certain.
Especially with most marijuana stocks being volatile and the sector as a whole being unpredictable. Still, even with this, there is a fair amount of speculation on what could happen. When positive speculation enters the sector just like news on federal reform it can cause a run for cannabis stocks. Over the last month or so there has been an influx in cannabis companies seeing recoveries in the stock market. This for some shareholders was a moment to take profits. However, the same issues are still taking place which is when pot stocks begin to rise it’s only for a small period of time.
When a volatile uptick occurs it leaves those who are not quick enough to take profits waiting for better upward trading. Specifically, a rise that is sustainable for shareholders to see a return. Still, even with this unpredictable pattern, there is a good level of optimism for the future. The cannabis industry is still relatively young which for most emerging industries comes with more growth and opportunity. So if you are looking to become invested in the cannabis sector and marijuana stocks could be your way in.
Top Marijuana Stocks To Watch Today
Ayr Wellness Inc.
Ayr Wellness Inc. is a vertically-integrated cannabis multi-state operator, that cultivates, and manufactures cannabis. As well as retail cannabis products and branded cannabis packaged goods. The company’s cannabis and cannabis products include concentrates, edibles, and vaporizer products. The company over the last month has made several key announcements. Back on June 23rd, Ayr Wellness Inc. opened its 48th Florida dispensary in Longwood.
Next, the company launched adult-use cannabis sales in Boston. This makes for the company’s first adult-use dispensary in greater Boston. Back on July 20th, the company released news saying it will be hosting a conference call to discuss its Q2 2022 earnings. Hopefully, the company can show positive results that help the company see better overall trading.
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. In the last 4 weeks, the company has made some important announcements. On June 30th the company announced Innovative Industrial Properties, Inc has expanded its Real Estate partnership at its Pennsylvania property. Next, the company also released news saying it will host a Q2 2022 earnings conference call on August 3rd.
In more recent news the company announced it has exercised its extended maturity date of the senior debt facility. The current senior secured notes have a total principal amount of approximately $250 million. Along with a bear interest at a rate of 7% per annum and is paid quarterly. The extended maturity date did not involve any amendments to the Notes or any additional consideration to the existing lenders.