2 Marijuana Stocks To Buy At The Close Of September?
It seems marijuana stocks are seeing a last-minute upward push before the start of October. Just an hour or 2 after Tuesday’s open marijuana stocks started to see a slight recovery in the market. Historically before the start of a new month, the sector will either rise or fall. Yet in this case, marijuana stocks show to be having an uptick in trading. If you were able to find marijuana stocks to buy during any pullback over the last several weeks then on the 27th you could have seen a good return. Now mid-way through the week and with only a few days left in September the expectation of investors remains high.
Mainly because there is much to still be done in the cannabis industry from company growth to more regulations. So with this on investors minds, the positive speculation can create moments of increased momentum which then transcends into better trading. Things can change without warning when trading marijuana stocks that’s why it is best to take profits when you can. So if you are on the hunt for top marijuana stocks to invest in make sure you educate yourself and do proper due diligence on each company. The marijuana stocks to watch below are a few cannabis companies that could see better trading heading into October.
Top Marijuana Stocks To Watch This Week
Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. In recent news, the company has declared its Q3 2022 dividends.
The common stock dividends declared for the twelve months ending September 30, 2022, of $6.80 per common share. This figure represents an increase of $1.34, or 25%, over dividends declared for the twelve months ended September 30, 2021. The dividends are payable on October 14, 2022, to stockholders of record at the close of business on September 30, 2022.
Power REIT is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy, and Transportation.
The company is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture. The company released a corporate update back in August. At this time the company made several stats clear.
Q2 -2022 FINANCIAL HIGHLIGHTS
- During the second quarter of 2022, the Trust reported Core FFO of $0.41 per share compared to Core FFO per share of $0.51 for the comparable period in 2021.
- Core FFO for the period ended June 30, 2022, of $0.41 per share compares to $0.40 per share for the quarter ended March 31, 2022.
Words From The Company
David Lesser, Chief Executive Officer stated, “The company is currently focused on greenhouse as a unique real estate asset class. Which acts as a sustainable solution for the cultivation of certain crops. Since pivoting to focus on greenhouses, we have acquired approximately 2.2 million square feet. More than half are currently focused on food cultivation and 49% is currently focused on cannabis cultivation.