GRWG - Here Are 2 Marijuana Stocks To Add To Your Portfolio
2024-06-16 10:11:39 ET
These Marijuana Stocks Could Be The Right Investment
Marijuana stock investors continue to be optimistic about the future of the sector. A lot of how the market trades is based on how companies perform as well. If a company is not making money and running into issues it can hinder any upward trading. Now often when a company is profitable and showing growth it can lead to better market action. Yet even with success outside of the market at times it doesn’t always mean the company will trade up.
There are many variables as to what makes cannabis stocks rise or fall. Speculation is one of them, especially at a time when cannabis is still federally illegal. Many want to invest before any major changes remove the abitly to do so at low entry points. For example, once the DEA executes its choice to reschedule cannabis some feel this will lead to a rise in trading.
For a long while many thought that the legal cannabis industry would fall due to federal guidelines. However, as time has shown that is not the case. The cannabis industry although still young has been generating over a billion dollars in revenue in just the USA. As things continue to flourish more people will be on the lookout for the top marijuana stocks to watch .
Top Marijuana Stocks To Watch Now
- Greenlane Holdings, Inc. ( NASDAQ:GNLN )
- GrowGeneration Corp. ( NASDAQ:GRWG )
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. On May 23rd the company received a Nasdaq Notification of Noncompliance with Listing Rule 5250(c)(1), as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
The May 21, 2024 notification has no immediate effect on the listing of the Company’s common stock on the Nasdaq. However, if the Company fails to regain compliance with the Listing Rule timely, the Company’s common stock will be subject to delisting from Nasdaq. The Company is working diligently to file its Form 10-K and the Form 10-Q as soon as possible.
[Read More] The Best Marijuana Stocks To Watch Now 2024
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, the company will be participating in the Benzinga Cannabis Market spotlight set for June 17th. Darren Lampert, Chief Executive Officer and Co-Founder, will participate in an in-person Fireside Chat at the conference.
GrowGeneration’s commercial team will also be present to showcase the company’s proprietary brands that have been developed for cannabis cultivation.
[Read More] Investing in Ancillary Cannabis: Top Stocks for June 2024
This includes the newly launched Drip Hydro powders, Charcoir coco pots and cubes, Ion LED lights, and more.