Will Marijuana Stocks Always Deal With Volatile Trading?
Many marijuana stock investors over the last few weeks have been showing more optimism. Much of this is due to the upward push in early September. Now into week 2 of the month and once again volatility has taken its hold on the sector. At the moment there is another pullback that has created a drop in trading. The upside to a volatile sector is being able to find the best marijuana stocks to buy at lower entry levels. Also when you buy shares at a higher price and continue to buy the dips it can help to lower the cost of your position.
There is always a way to leverage and take advantage of most declines in trading. Cannabis stocks at one point in time were showing great consistency and momentum. When a pullback would happen it would oftentimes lead to a bigger recovery. However, right now it’s been more of buying and selling at any upside. The reason for this is how quickly things can change in the stock market. Meaning just as fast as companies start to recover is as fast as they can fall which is why the current game is more of a quick in and out style of trading. The companies below are a few options to watch for the rest of 2022.
Top Marijuana Stocks To Watch Today
- Clever Leaves Holdings Inc. (NASDAQ:CLVR)
- Agrify Corporation (NASDAQ:AGFY)
Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. During the second week of August, the company released its Q2 2022 financial earnings.
Q2 2022 Highlights
- Revenue increased 27% to $4.7 million compared to $3.7 million.
- Gross profit was $1.3 million, which included a $1.3 million inventory provision.
- Gross margin, which included such inventory provision of $1.3 million, was 28.0% compared to 48.1%, which included such inventory provision of $0.6 million.
Words From The CEO
“We continued to make strong commercial progress during the second quarter, supported by our ongoing execution on our focused strategic priorities,” said Andres Fajardo, CEO of Clever Leaves
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Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. In recent news, the company announced it received the Best Cultivation Technology Award. This was given to the company during the Green Market Report’s Tech Summit.
Since its inception, Agrify has been dedicated to bringing thoughtfully designed solutions to the cannabis industry. Agrify’s core cultivation solution consists of its Vertical Farming Units (“VFUs”) and its Agrify Insights software. Which together form a transformational approach to indoor cultivation that has set a new industry standard for what is possible.
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Words From The Company
“It is a true honor to be recognized with this prestigious award at the Green Market Report’s Tech Summit,” said Raymond Chang, Chairman and Chief Executive Officer of Agrify.