3 Top Marijuana Stocks For This Weeks Watchlist
In recent trading marijuana stocks have been facing a fair amount of pullback. This is not all bad but if you have been investing in cannabis stocks over the last year this is raising more concern. The positive is being able to find top marijuana stocks to buy. Now the obvious downside is the sector once again having trouble with seeing better upward trading. So what are investors and shareholders to do as this uncertainly is still present? It seems that this new year started will great excitement.
Yet towards the end of the month, things are starting to see the same downward trend. Some cannabis stock investors feel that there has been sufficient growth and progress to where trading should be better. However, currently, this is not the case and the sector is seeing another decline. It seems that the consensus is many are buying the dips with the anticipation that some big run will ultimately take place. This big rise in trading is predicted to take place on the day Congress ends cannabis prohibition.
Looking back in 2021 any progressive news on the subject typically results in better trading for marijuana stocks. So this is where the idea comes from. Which as mentioned above is what those invested in cannabis stocks are waiting for. Now there are some who have been able to take profits from these volatile pops in trading.
Insight To Investing In Marijuana Stocks In 2022
Even though it’s been small gains it’s better than no profits at all. Due to this concern about the future of the cannabis industry over the last year, there have also been issues with sustaining momentum. Yet in 2022 there are many things that could happen that would help see sustained trading. Even in the event that federal reform fails to advance in 2022. This new year has a lot of potential to be big for the marijuana stocks and the overall industry. So with this remember to stay updated and current with the sector. This will give you a better insight to know what areas of the niche holds better investment value. The marijuana stocks below are some options to consider when looking to invest in legal cannabis.
Top Marijuana Stocks To Watch Right Now In 2022
- Planet 13 Holdings Inc. (OTC:PLNHF)
- Jushi Holdings Inc. (OTC:JUSHF)
- Verano Holdings Corp. (OTC:VRNOF)
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, that cultivates, produces, distributes, cannabis products. As well as markets cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada. In recent developments, the company announced the acquisition of Next Green Wave Holdings. This venture will be further expand the companies presence in California. This brings with it a premium indoor cultivation and extensive, pheno-hunted cultivar base.
This transaction is expected to be immediately accretive to 2021 and 2022 EBITDA. As well the transaction structure provides meaningful price protection against market volatility. Specifically with Planet 13’s share price up to the completion of the Transaction. As the company continues to grow more people are finding an interest in possibly investing in PLNHF stock.
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. Over the last few months, Jushi has released important company updates. Back on December 14th, the company announced the opening of a new BEYOND / HELLO™ store in Pennsylvania.
With more locations popping up it will only add more value and possible revenue for the company. Which has the possibility to resonate well with how JUSHF stock performs. In more recent updates the company has announced a share purchase. Which is being executed by Chief Executive Officer, Chairman, and Founder, Jim Cacioppo.
Words From The Company
Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi, stated, “Over the past year, we have made significant progress building out our operations and expanding our presence in new and existing markets while bolstering our balance sheet with opportunistic financings. Given our current market position, recent successes, and expectations for future growth, we believe our stock price does not reflect the underlying value of the business. My belief in the vision, strategy, and future of Jushi has never been stronger and we remain dedicated to maximizing shareholder value into the new year.”
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Encore, Avexia, MÃV, and Verano. Earlier in January, the company has welcomed veteran CPG Industry Finance Executive Brett Summerer as CFO. Summerer assumes the role previously held by Brian Ward. To which Mr. Ward will continue to serve as an advisor during the transition period before departing Verano.
Summerer brings more than 21 years of diverse financial leadership experience to Verano’s executive team. Now in more recent news, the company has also been able to participate in various investor conferences earlier in January.
This allowed potential and current investors to gain more clarity about the future of the company. Hopefully, with more insight, it will help see better trading sooner than later for this top marijuana stock to watch.