CNTMF - Marijuana Stocks To Watch For Better Trading In June
2023-06-14 12:46:27 ET
The Best Marijuana Stocks To Buy Right Now?
Since 2019 marijuana stocks have been hit with a massive downtrend in trading. Now there have been moments where uptrends have occurred but nothing sustainable. Much of this was due to several factors. For one there was the pandemic even though cannabis was deemed an essential business it did not help marijuana stocks. Then the continued effort to pass federal reform is the bigger issue for many. Particularly because it has failed every time in the Senate.
With no federal reform in place, it has created more caution and fear. Which has contributed to a continuous decline in marijuana stocks? Now with how far the cannabis industry has come, it is only a matter of time before federal reform is made law. When this day does arrive many believe this will be the catalyst that the sector will need to bring marijuana stocks back up in trading.
As well as restoring investors’ confidence to trade more in the cannabis sector which could bring more consistency like once before. For now, it’s a strategy of buying and holding positions and waiting for the right time to take profits. But the bulk of the investors are waiting for a big recovery to have a more profitable return. Below are a few marijuana stocks to watch for the rest of the month.
Marijuana Stocks To Watch 2023
StateHouse Holdings Inc.
StateHouse Holdings Inc. an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States.
In recent news, the company announced that as previously disclosed on December 30, 2022, the Company continues to engage in discussions related to potential future financing options. In addition, the Company’s Series A Debtholders have granted StateHouse a further extension to June 19, 2023, on repayment of the Company’s outstanding debt obligations owing to the Series A Debtholders.
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Cansortium Inc.
Cansortium Inc. through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company’s medical cannabis products are offered in oral drops, and capsules. As well as topicals, syringes, dried flower, pre-rolls, cartridges, and edibles under the Fluent brand name.
Recently the company announced it has issued an aggregate of 2,031,250 common shares. This was to certain of its directors in exchange for the cancellation of US$162,500 of director fees owing.
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The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company.