Top Marijuana Stocks To Watch Before Next Week Begins



Are These The Best Marijuana Stocks For This Weeks Watch List?

In the last few weeks, marijuana stocks trading up and down have affected investors differently. For some, it has been a game of seeing lower levels and buying the dips to help the cost average of your position. Now for the other investors, this choppy pattern of trading has helped some take quick profits. That’s another behavior of the sector is when there is an upswing in trading it a quick volatile spike. When this happens either of the above instances usually takes place. Nevertheless anytime the sector sees any type of decline that is a moment when people should be looking for the best marijuana stocks to buy.



Marijuanastocks.com – MarijuanaStocks

Right now there is much in the works for the overall cannabis industry that could positively impact the way marijuana stock performs. The biggest issue is the battle for federal cannabis reform. At the moment there are a few bills that aim to enact marijuana banking as well as the push to end cannabis prohibtion. In fact, there are a bulk of traders who buy and hold based on waiting for positive news on the matter to be released.

Historically when progressive news on federal reform is announced it has helped many marijuana stocks reach higher levels in the market. But even with history showing upward patterns nothing is set in stone. Still, no matter the situation if you are looking to invest in cannabis stocks always do your research before you execute a trade. Having an understanding of which marijuana stock may give the best return will also help lower your risk. You want to have a plan and trade your plan. cannabis stocks live inside a volatile sector so being aware of any changes is also crucial to your position.

Top Marijuana Stocks To Watch 2022

  1. Greenlane Holdings, Inc. (NASDAQ:GNLN)
  2. Green Thumb Industries Inc. (OTC:GTBIF)
  3. GrowGeneration Corp. (NASDAQ::GRWG)

Greenlane Holdings, Inc.

Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. In the last 3-4 weeks the company has reported its Q1 2022 earnings. At this time the company saw quarterly revenue of $46.5 million, up 37% YoY. The company also strengthened its leadership diversity and industry expertise with the appointment of Darsh Dahya as Chief Accounting Officer.

GNLN

As well as Renah Persofsky as Board Director. Other Q1 2022 highlights are Greenlane entered an agreement with Universal Distribution to distribute Greenlane Brands in Latin America. In addition to completing a reduction in force in March 2022. This reduction is expected to result in approximately $8.0 million in annualized cash compensation cost savings.

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Green Thumb Industries Inc.

Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. The company Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. In recent news, the company announced it has opened applications for the third round of its Good Green Grant Program. GTBIF

First launched in the fall of 2021, Good Green offers affordable mixed bud flower products. Sales from Good Green products fund grants awarded to nonprofit organizations that give back to communities of color disproportionately affected by the War on Drugs. Since the brand’s launch, Good Green has awarded more than $500,000 in grant money to eight organizations that encompass the brand’s three core pillars: education, employment, and expungement. Good Green is on track to give more than $1 million by the end of the year.

[Read More] Best Marijuana Stocks To Buy? 4 With Momentum In June 2022

GrowGeneration Corp.

GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. On May 10th the company reported its Q1 2022 earnings. At this time the company did not report the best earnings. The company saw net sales decline 9.2% to $81.8 million driven by softer industry demand. Comparable store sales for the quarter decreased by 35.5%. Also, GrowGen saw a net loss of $5.2 million compared to a net income of $6.1 million last year. GRWG

In addition to a loss per share of $0.09 in the quarter and an Adjusted EBITDA loss of $0.7 million. Hopefully, things will turn around for the company and it will lead to better trading. Also in recent news, the company launched Drip Hydro a complete line of liquid fertilizer blends designed for commercial cultivators.



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