Top Marijuana Stocks That May Add Value To Your Investment Portfolio
So far marijuana stocks are still showing a volatile pattern of trading. This momentum for some marijuana stocks is a good way to start the week. In the stock market, today most publicly traded cannabis companies are trying to sustain any upward momentum they can. That seems to be one of the challenges for some companies. Yet with some cannabis companies soon to report earnings it’s possible to see sustained trading in August. Now those who feel marijuana stocks are beaten down due to how low the sector fell may not see what others do.
When the sector began its volatile decline many top companies became top marijuana stocks to buy. This was due to how low the shares of the company fell. So when quick upticks occurred it would be a nice gain if you were able to take profits. However, even with the trading average down more overall action has taken place from this time last year. As mentioned above companies will be reporting earnings yet there are other catalysts that could help how the sector performs.
For example, some companies have partnered with other companies to expand and grow their business. Now not many shareholders are trading from a fundamental standpoint. This is why when progress is made out in the market it does not have the same impact on how marijuana stocks trade as it once did. Nevertheless, there is still a lot of optimism and opportunities to get invested. Just make sure you do your homework beforehand. The 2 marijuana stocks below are a few options to watch this month.
Top Marijuana Stocks To Watch Today
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 (dispensaries) in Florida, as well as through home delivery. Back on August 4th the company announced the opening of a medical marijuana dispensary in Kissimmee, FL.
Words From The Company
“Trulieve is proud to continue being at the forefront of expanding access to medical marijuana for Florida’s patient population,” said Trulieve’s Chief Executive Officer Kim Rivers, “Trulieve is committed to investing in the Kissimmee community, as well as offering patients access to high-quality products and providing exceptional customer experiences.”
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries cultivates, manufactures, and sells retail and medical cannabis products in the United States. Back on August 1st, the company announced it would hold its Q2 earnings call on August 17th. The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights.
As well back on July 15th, the company gained approval from the Supreme court of British Columbia to work with Columbia Care Inc.
The final order follows on achieving overwhelming shareholder approval for the business combination at the special meeting of shareholders of the Company held on July 8, 2022.