HEXO - 2 Marijuana Stocks To Watch Heading Into A New Month
Top Marijuana Stocks To Watch In The Stock Market Now
For those who invest in marijuana stocks , the future may hold some better days of trading. Currently, many people are looking toward 2023 to bring with it better upward consistency and shareholders may get it. In 2023 there are various things to happen. So to start the battle to enact federal reform will begin again. Historically when positive news on the matter is released it has helped bring in good trading momentum. With fears of federal regulators stepping in with the possible end of prohibtion it brings a consistent rise in trading.
As well more states are soon to vote on legalizing cannabis which will be good for the growth and expansion of the cannabis industry . At times when new markets in newly legal states become operational, it can also help with better trading. Right now the amount of volatility is so high that it could be a time to prepare for future trading. As marijuana stocks continue with their unpredictable patterns when there is a pullback it can be a good buying opportunity.
For example, when there is a decline in trading this is where people start to look for the best marijuana stocks to buy. But like always make sure you do your homework before executing any trades. When you know more about a company and how they perform it gives you better details if the company is worth buying or not. The companies below are a few marijuana stocks to watch heading into December.
Marijuana Stocks For Your December Watchlist
- HEXO Corp. ( NASDAQ:HEXO )
- Cronos Group Inc. ( NASDAQ:CRON )
HEXO Corp.
HEXO Corp. together with its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. On November 15th the company signed a long-term supply agreement.
The long-term supply agreement is with Entourage Health Corp. a Canadian producer and distributor of award-winning cannabis products. Under the Supply Agreement, HEXO will provide Entourage with bulk-dried cannabis and soft gel capsules, to be marketed to patients and consumers under Entourage’s family of brands.
[Read More] 2 Canadian Marijuana Stocks To Buy In December?
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, and retail. As well as 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. Plus cannabis-derived products for the medical and adult-use markets. Over the last 3 weeks, the company has made some key announcements. On November 14th the company announced that it has appointed James Holm as Chief Financial Officer. Mr. Holm succeeds Bob Madore, who is leaving the Company.
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Mr. Holm brings to Cronos nearly two decades of finance and accounting experience at leading companies across industries. In more recent news the company is preparing to speak at Stifel Canada’s 3rd annual future of healthcare conference. Mike Gorenstein, Chairman, President, and Chief Executive Officer, will speak at Stifel Canada’s 3rd Annual Future of Healthcare Conference.