GNLN - 2 Marijuana Stocks To Watch For Better Trading In May
2023-05-07 13:14:29 ET
Top Marijuana Stocks To Kee On Your Radar This Month
There are many reasons why some feel marijuana stocks are worth investing in. The legalization of marijuana for medical and/or recreational use in various countries and states has led to the growth of the cannabis industry. As well some experts predict that the market could continue to expand significantly in the coming years. This growth potential has led some investors to search for the best marijuana stocks to buy .
Additionally, the cannabis industry encompasses various sub-sectors, including producers, retailers, and pharmaceutical companies. This diversity allows investors to potentially diversify their portfolios and gain exposure to various segments of the market. That being said, it’s important to remember that investing in the stock market carries risks, including the possibility of losing some or all of your investment.
It’s essential to do thorough research and seek advice from a financial professional before making any investment decisions. When you have a game plan on top of doing your due diligence it puts you in a better place to take profits. With how volatile the sector has become learning when to enter a trade and exit a trade is key, especially with how unpredictable things can be. Nevertheless, the companies below are a few marijuana stocks to watch this upcoming week.
Marijuana Stocks To Watch In 2023
- Planet 13 Holdings Inc. ( OTC:PLNHF )
- Greenlane Holdings, Inc. ( NASDAQ:GNLN )
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. In recent news, the company plans to release its financial results for the first quarter ended March 31, 2023, on May 15, 2023, aftermarket.
So Planet 13 will host a conference call on May 15, 2023, at 5:00 p.m. ET to discuss its first quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO.
[Read More] Is It Time To Buy Marijuana Stocks? 3 To Watch Under $2
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. Recently the company announced a strategic packaging partnership with A&A Global Imports d/b/a MarijuanaPackaging.com.
Consistent with the partnership, MJ Pack will become Greenlane’s strategic partner to continue providing and enhancing packaging solutions. The partnership will also provide working capital to Greenlane and allow the Company to continue investing in its growing higher-margin consumer products business.
[Read More] Top Marijuana Stocks With Double Digit Percentage Gains To Start May 2023
This partnership allows Greenlane to complete a key warehouse consolidation. As well as continue cost-saving initiatives estimated to be over $3M annually.