Top Marijuana Stocks For Next Week’s Watchlist
Many marijuana stocks have begun to see a pick-up in momentum. Much of this is from the speculation on if and when federal cannabis reform will be passed. As well some cannabis companies are getting ready to report earnings. However recently 3 Senate Democrats have revealed their long-awaited federal reform bill. This has led to many investors watching marijuana stocks a bit closer. As some already took advantage of any recent pullback as a chance to find marijuana stocks to buy.
So when momentum begins to build like now it’s a chance to make some profit. Which as many who are shareholders and investors it has been tough to see meaningful gains as most upticks happen very fast. Nevertheless, there is much to be done and seen as the cannabis industry is still growing. Many companies are as well growing and looking for new ventures. Some companies have joined forces through mergers and acquisitions.
This has created what some call super companies as one will have the assets of the other company. The better the industry does the better its chances of seeing positive sentiment enter the sector. Although the sector’s trading average has dropped significantly the action has been better than what it once was. The companies below are several options to keep on your radar as August is soon approaching.
Top Marijuana Stocks To Watch In The Market
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Green Thumb Industries Inc. (OTC:GTBIF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores across the United States. Over the last several weeks the company has released various news. On July 16th the company announced the grand opening of Hurricane, WV medical dispensary. Next, the company released news regarding another dispensary opening in Apopka, FL.
In a bit of more recent news, the company announced it has continued its expansion. This expansion has happened through the opening of its new medical marijuana dispensary in Hollywood, FL. The company continues to show why it’s a leading multi-state operator in the industry. With all that is in the works hopefully, it will add some better trading momentum for this marijuana stock to watch.
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. The company recently announced it will be hosting a conference call on August 2nd to discuss its Q2 2022 earnings. Back on July 14th Green Thumb announced it has exercised the extended maturity date of its senior debt facility.
The current senior secured notes have a total principal amount of approximately $250 million. So the senior secured notes bear interest at a rate of 7% per annum and are paid quarterly. The extended maturity date did not involve any amendments to the Notes or any additional consideration to the existing lenders.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. The Non-Cannabis Operations segment provides professional services, including cultivation, and processing, to name a few.
During the second week of July, the company announced its Select brand “The Farmer’s Select” program. This is an ongoing series of limited-edition collaborations with licensed legacy farmers and diverse operators in California. The Farmer’s Select program reaffirms Curaleaf’s commitment to providing premium products to consumers. All while uplifting smaller craft operators across the Golden State.
Words From The Company
“On behalf of the Select brand, we are proud to launch The Farmer’s Select program and reaffirm our commitment to creating an equitable cannabis industry where all can participate and hopefully, partner together to strengthen the industry,” said Matt Darin, CEO of Curaleaf. “This one-of-a-kind program not only connects cannabis industry leaders, but it also highlights skills of innovative growers, talented extractors, and other vital figures that power California’s cannabis ecosystem.”
How To Invest In Marijuana Stocks Today
Nevertheless for those looking to invest in top cannabis stocks in the market today here are some things to know. First, you should learn about stocks and how to trade. Then the second thing is to follow the cannabis and learn about who companies trade and trends that may impact the sector.
Once you get familiar with the sector you should then build a watchlist. After you have your watchlist do your homework on each marijuana stock. After you have done your research and narrowed down your list to definitive selections then it’s time to execute. But you should always aim to buy and sell high. By following the above info as a guideline your path towards being a marijuana stock investor will have a good start.