TCNNF - 2 Marijuana Stocks To Watch At The End Of Week
2 Top Cannabis Stocks To Watch Mid July
Many marijuana stocks have started to see more pullback in the market. This decline in the sector could be a setup before seeing a potential recovery. Now, this like always is a good time to find marijuana stocks to buy. When it comes to investing in marijuana stocks you want to give yourself the best chance at seeing the biggest returns. This is why when any type of drop occurs if you invest in cannabis stocks you should consider buying the dips. Right now the sector as a whole is still facing a good amount of volatile trading, This up and down pattern has been going on for a time and has left many in a place of caution.
With marijuana stocks seeing more red days than green it created a lot of concern for shareholders. The cannabis sector is not up like it once was yet the action that has taken place this year has been better than in 2021. Still, with the trading average down significantly what will keep people investing in marijuana stocks today? Well outside of the market the cannabis industry is still showing lots of growth and progress. This has given much hope that certain publicly traded cannabis companies will at some point see better trading. The companies below are several options to consider if you are looking for top marijuana stocks to watch in the stock market today.
Marijuana Stocks To Watch In The Market This Month
- Green Thumb Industries Inc. ( OTC:GTBIF )
- Verano Holdings Corp. ( OTC:VRNOF )
- Trulieve Cannabis Corp. ( OTC:TCNNF )
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. In recent news, the company announced the exercise of the extended maturity date of the senior debt facility. The current senior secured notes have a total principal amount of approximately $250 million.
Which bears interest at a rate of 7% per annum and is paid quarterly. The extended maturity date did not involve any amendments to the Notes or any additional consideration to the existing lenders. As well at the close of June, the company announced that on August 3rd Green Thumb will host a conference call to discuss its Q2 2022 financial earnings.
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis across the United States. In recent news, the company announced the opening of MÜV Sebring. This makes for Verano’s 52nd Florida location.
Words From The Company
“MÜV Sebring marks our 52nd retail location in Florida and our first in the Heartland region of the state,” said John Tipton, President of Verano. “We are excited and ready to introduce the area’s medical marijuana patient community to the MÜV retail experience and our premium cannabis products.”
[Read More] Best Ways To Invest In The Cannabis Industry? 4 Top Marijuana ETFs To Watch Now
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores across the United States. The company recently announced the opening of a new medical marijuana dispensary in Hollywood FL. As well back on the 9th of July Trulieve also opened another store located in Apopka, FL.
Words From The CEO
“Trulieve is excited to expand access to medical cannabis to more patients in Florida and build strong relationships in the Hollywood community,” said Kim Rivers, CEO of Trulieve. “We are driven by our commitment to providing tailored, high-quality patient care in a safe and comfortable environment.”
[Read More] 2 Top Marijuana Stocks To Watch In The Stock Market Today
Marijuana Stocks And The Road Towards More Momentum
At the moment it seems that only certain catalysts are the means to seeing better momentum. News on federal reform has been the biggest help towards seeing major upward trading. However, even with reform news or companies reporting solid earings the momentum that does come does not last long. When the recovery for marijuana is not able to be sustained for long periods of time it makes it tough for some shareholders to take profits. Nevertheless, there is still a large amount of optimism for the future of the sector. Hopefully, with more positive sentiment marijuana stocks will reach higher levels and be able to hold these positions for longer time frames.