AAWH - 3 Marijuana Stocks To Buy This Short Week?
Top Marijuana Stocks For Your 2023 Watchlist
Marijuana stocks are starting to see more volatile trading. Now, this has not only been an ongoing topic but is almost a normality for the cannabis sector. Much of this volatility comes from various reasons. The most common is that cannabis is still federally illegal so some investors feel this is a cause for concern. With no federal reform in place, it adds a heavy layer of caution. Also, some companies don’t do as well in the market as they do outside of it.
From this, some tend to take the risk and chase a company in the stock market without doing any research. At times some marijuana stocks do better trading than as a business. However when a company is doing well out of the market the chances of seeing better trading become higher.
With all the up and down action some people are able to strike at the right moment and find the best marijuana stocks to buy . Back in 2022, there were more down days than up and people used a buying opportunity to prepare for future trading. 2023 has just begun and there are several chances to see the sector recover and build better consistency. So if you are looking to invest below are several marijuana stocks to watch in 2023
Marijuana Stocks To Watch 2023
- Planet 13 Holdings Inc. ( OTC:PLNHF )
- Ascend Wellness Holdings, Inc. ( OTC:AAWH )
- Ayr Wellness Inc. ( OTC:AYRWF )
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. is an integrated cannabis company, that engages in the cultivation, and production, of cannabis. As well as the distribution, and marketing of cannabis and cannabis-infused products. Which are for medical and retail cannabis markets in Nevada, the United States. On February 7th the company exercised and closes the option to buy the remaining 51% in the Illinois dispensary.
Planet 13 Illinois holds a dispensary license for the Planet 13 dispensary located in Waukegan, Illinois. The dispensary is in a prominent shopping center with multiple stores, restaurants, hotels, and a recently announced casino project. It is off the Interstate 94 highway between Milwaukee and Chicago, close to the Wisconsin border.
Words From The Company
“We’re thrilled to exercise this option for the remaining 51% of our Planet 13 Illinois dispensary at a price that we view as very accretive,” said Bob Groesbeck, Co-CEO of Planet 13. “This transaction is a good example of our philosophy at Planet 13. One, location is everything.
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Its cannabis product categories include flowers, pre-rolls, concentrates, vapes, edibles, and other cannabis-related products.
The company announced it will hold a fourth quarter and full year 2022 earnings conference call on Tuesday, March 14th, 2023. So Ascend Wellness Leadership will participate on the call including Abner Kurtin, Executive Chairman; Dan Neville, CFO, and Interim Co-CEO; and Frank Perullo, President and Interim Co-CEO.
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Ayr Wellness Inc.
Ayr Wellness Inc. a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company’s cannabis and cannabis products include concentrates, edibles, and vaporizers.
In recent news, the company appointed David Goubert as President & CEO. Jonathan Sandelman has transitioned to Executive Chair, where he will continue to serve the Company’s Board of Directors. David Goubert, current President of Ayr, has assumed the role of President and Chief Executive Officer.