AYRWF - Marijuana Stocks To Watch In 2023
Marijuana Stocks To Buy After The Holidays?
Marijuana stocks are still showing signs of a pullback before the new year. This can be looked at as a good moment for marijuana stock investors. Whenever there is a decline in trading it is a good time to look for marijuana stocks to buy . Especially before the start of 2023. With the new year almost here there is a high amount of speculation that is happening. 2023 has the potential to be a game-changer for the cannabis industry as a whole. During this upcoming year, we will see the push for federal reform continue.
Over the last year, positive news on the matter has been the biggest catalyst for marijuana stocks. Also, we may see more states vote to legalize marijuana which would further grow the industry as well. With more growth and progress comes the chance for better investment opportunities. Also, some cannabis companies have initiated various projects and ventures that we will see unfold in 2023.
The new year holds the potential to be another turning point for marijuana stocks and the overall sector. For some time there has been a lack of trading consistency. If federal reform can be passed or some strong catalyst takes place it may help with how marijuana stocks trade. So if you feel investing in marijuana stocks is for you make sure you do your research beforehand.
3 Marijuana Stocks To Watch
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis infused artisan edibles.
In recent news the company announced the amendment of Pennsylvania credit agreement.
Words From Executive Chairman
“TerrAscend has taken significant measures recently to reduce its outstanding debt and interest expense, further strengthening our path to positive sustainable cash flow from operations,” said Jason Wild, Executive Chairman of TerrAscend.
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TPCO Holding Corp.
TPCO Holding Corp. cultivates, extracts, manufactures, distributes, retails, and delivers cannabis in California. At the start of November, the company announced the divestiture of the wholesale extraction division. The decision to divest SISU was driven by the Company’s previously announced cost savings initiatives.
Which are focused on reducing costs, driving efficiencies, and accelerating its path to sustainable, long-term profitability. The Agreement will ensure ongoing service for existing clients as well as the continuation of employment for SISU employees while avoiding any potential shut down related expenses to the Company.
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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. On December 5th the company announced the start of “12 days of giving,” a $ 100,000 holiday donation campaign.
One that is dedicated to restorative justice initiatives. The campaign will run through December 16th, 2022, and proceeds will benefit those negatively impacted by cannabis prohibition.
Words From The Company
“Ayr’s ‘12 Days of Giving’ initiative aims to reinforce our commitment to being a Force for Good by activating twelve days of charitable giving across our retail footprint,” said David Goubert, President of Ayr. “This marks Ayr’s second year of the program, which is poised to directly benefit the families of those who have been incarcerated for cannabis offenses.