AAWH - These 3 Marijuana Stocks Could Be Big Market Movers
2023-07-12 07:00:14 ET
Top Marijuana Stocks For Serious Cannabis Investors
Marijuana stock investors are working to remain hopeful about future trading. Over the last week or so there has been a slight increase in trading momentum. Now this was due to news on the current push to establish federal reform. In addition to companies expanding and developing strategic partnerships and new products. Positive news on federal legalization has been the biggest catalyst thus far for most cannabis stocks. Yet the cannabis industry as a whole is still evolving day by day.
Even in a sector where most of the trading patterns are unpredictable opportunities still exist. For instance, even with increased volatile trading finding top marijuana stocks to buy at low entry points is occurring more often. This is giving many the chance to invest in the future of the cannabis sector. Right now the sector is fluctuating rapidly but once better regulations are put into place there could be better upward consistency. Everyone invested in cannabis stocks wants to see stronger momentum.
As things progress for the sector as a whole hopefully more catalysts can bring the trading average of the entire cannabis sector back up. For now, it is best to plan your investments and create a strategy that will give you the best odds of seeing sizable returns. As well you want to do your homework on any cannabis stock you feel could be worth adding to your portfolio. The companies mentioned below are several marijuana stocks to watch for the rest of the year.
Top Marijuana Stocks Of 2023
- Ascend Wellness Holdings, Inc. ( OTC:AAWH )
- Ayr Wellness Inc. ( OTC:AYRWF )
- Planet 13 Holdings Inc. ( OTC:PLNHF )
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. In recent news, the company announced it will hold its second quarter 2023 earnings conference call. This call is set for Tuesday, August 8th, 2023.
Ascend Wellness Leadership will participate on the call including Abner Kurtin, Executive Chairman; John Hartmann, Chief Executive Officer; and Dan Neville, Chief Financial Officer.
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically-integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. On July 7th the company announced the refinancing and upsizing of Gainesville cultivation facility mortgage.
Proceeds from the Loan will be used to pay down the Company’s existing Gainesville mortgage of $25.3 million, which was due to mature in May 2024 and invest further in the Facility and the Company’s Florida business. The new Loan carries an interest rate of 5-year FHLB Rate + 4%, which currently implies a rate of 8.26%.
[Read More] The Best 3 Marijuana Stocks To Add To Your 2023 Watchlist
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States.
In recent news, the company announced the return of Cannabition. What Cannabition is an immersive cannabis experience designed by Broadway creative director David Korins.
[Read More] The Pros And Cons Of Looking For Marijuana Stocks To Buy
Words From David Korins
“I’ve had the incredible privilege of visually telling some of the most extraordinary stories in recent years, but none compare to the history, passion, tragedy, and triumph embodied by the cannabis story in America,” said David Korins.