Marijuana Stocks To Buy That Are Canadian Companies?
Are investors paying attention to marijuana stocks or the cannabis industry at all? The reason for this is many marijuana stocks tend to see better trading based on several factors. When a publicly traded company is having success as a business and is generating revenue this is good to see from an investor standpoint. As well when the cannabis industry sees more legislation and regulations in favor of the industry and its consumers it creates positive speculation. From this shareholders and new investors will decide if looking for marijuana stocks to buy is the right move.
Currently, without any true federal reform in place, there may be some more time to get invested. There are many who feel that this volatile trading will be much less when the USA has ended cannabis prohibtion. Places like Canada which have already fully legalized cannabis are now working to push their industry ahead. As well Canadian marijuana stocks have felt the impact of the sector but this could soon change.
Although Canada’s legal market had some big bumps to get past now things are starting to look much better. Due to how slow Canada took to set up its market some Canadian marijuana stocks felt the impact as well. Nevertheless today Canadian marijuana stocks have begun to look better overall and have been keeping up as best they can when momentum enters the sector. The cannabis stocks to watch below are some of the top cannabis companies out of Canada right now.
Marijuana Stocks To Watch For The Rest Of September
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets; and private sale of recreational cannabis through corporate-owned and franchised retail cannabis stores.
In recent news, the company along with IM Cannabis Corp has completed its first international export of premium Flower. This shipment was cannabis flower from Canada and then sent to Israel. The expansion marks a significant milestone for SNDL as it enters the global market.
Words From The Company
“We are pleased with our partnership with IMC, one of Europe’s most established and trusted medical cannabis companies,” said Andrew Stordeur, President and Chief Operating Officer of SNDL.
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States.
The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. In recent news, the company released its Q2 2022 earnings on August 9th.
- Net revenue of $23.1 million in Q2 2022 increased by $7.4 million from Q2 2021
- Gross profit of $4.1 million in Q2 2022 improved by $19.9 million from Q2 2021.
- Adjusted EBITDA of $(18.8) million in Q2 2022 improved by $31.0 million from Q2 2021.
- Capital expenditures of $1.9 million were essentially unchanged.