3 Marijuana Stocks That Could Soon See Better Trading
Some marijuana stocks are showing better momentum at the close of September. As mentioned once before the close of one month can at times create positive speculation heading into the next. Also, this can be due to the success of some cannabis companies along with the overall progress of the industry. When something positive or progressive happens in the cannabis industry it can at times help the sector to see better trading. Now not all marijuana stocks are seeing this same momentum. Some publicly traded companies are facing some slight pullback. Moments, when there is a decline in trading, can be a good time to find top marijuana stocks to buy.
There is still much to be done inside of the cannabis industry which a handful of companies are working to get done. So from this, you want to be in a position where you can invest in the right cannabis stocks before the next rise. What can assist a marijuana stock in seeing more upward consistency is how profitable and successful it is out of the market. In a sector with large amounts of volatility, the success of a company can be a factor as to whether you should invest or not. The companies below are several cannabis stocks to watch heading into October.
Marijuana Stocks To Watch In October
- Jushi Holdings Inc. (OTC:JUSHF)
- Goodness Growth Holdings, Inc. (OTC:GDNSF)
- Columbia Care Inc. (OTC:CCHWF)
Jushi Holdings Inc.
Jushi Holdings Inc. is a vertically integrated cannabis company, that engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions across the United States. In recent news, the company announced that it plans to file its June 30th, 2022 quarterly report.
The company has also filed reviewed and amended Q2 2022 Interim Financial Statements in Canada on the System for Electronic Document Analysis and Retrieval (“SEDAR”), The Amended Statements amend and replace those previously filed in Canada on August 29, 2022. These corrections did not have an impact on the net change in cash and cash equivalents and restricted cash during each of the periods presented.
Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. Inc. operates as a physician-led cannabis company in the United States. The company cultivates cannabis in environmentally friendly greenhouses; manufactures pharmaceutical-grade cannabis extracts, and sells its products through its network of Green Goods and other Goodness Growth branded retail dispensaries. operates as a physician-led cannabis company in the United States.
The company cultivates cannabis in environmentally friendly greenhouses. As well as manufacturing pharmaceutical-grade cannabis extracts. Plus selling its products through its network of Green Goods and other Goodness Growth branded retail dispensaries, as well as third-party dispensaries. On August 25th the company announced the launch of boundary Boundary Waters pre-rolls in Minnesota.
Words From The Company
“Our Boundary Waters brand was inspired by the beauty and calm of Boundary Waters Canoe Area Wilderness and the importance of keeping public lands, like the Boundary Waters, clean and safe,” said Harris Rabin, Chief Marketing Officer for Goodness Growth. “We take that mission seriously and have applied the concept of environmental preservation to the packaging of our Boundary Waters products.”
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis products and related services. It offers flowers, edibles, oils, and tablets under the Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber, and Platinum Label CBD brands. Over the last month, the company has released various updates. On August 15th the company released its Q2 2022 earnings.
Key Mentions And Q2 Highlights
- In April, launched adult-use sales in New Jersey with limited hours; expanded to full adult use hours in June 2022; revenue in New Jersey more than doubled sequentially
- Completed expansion of Jefferson Park dispensary in Illinois, adding more than 1,700 sqft, and converted to the Cannabist retail experience
- Celebrated rebrand of Portsmouth, Virginia location to Cannabist, the 31st in the nation
- Retail revenue increased 4% over Q1 2022, led by New Jersey, Virginia, and West Virginia
Following this news, the company also announced its Triple Seven brand has launched in Pennsylvania. This venture has brung the brand’s total footprint to ten markets.