CRON - Top Marijuana Stocks To Invest In This Month
2023-06-14 07:00:01 ET
The Best 3 Marijuana Stocks To Watch 2nd Week Of June
One of the main reasons finding the best marijuana stocks to buy is a good investment is the potential for high growth. Even with its current increase in volatility and pullbacks the cannabis industry is expected to continue its growth as more states legalize cannabis. In addition, the demand for more cannabis products is expected to increase.
This means that companies involved in the cannabis industry have the potential to earn significant profits and generate high returns for investors. However, with the lack of upward trading much of the investing occurring is based on a buy and hold. Many feel that the strategy for the cannabis sector is seen more as a long-term investment. Again with is mainly due to the lack of better upward trading. Still investing in marijuana stocks can also offer diversification benefits.
As the industry continues to progress there may be more opportunities for investors to capitalize on and potentially earn significant profits. A lot of investors feel that marijuana stock will see its biggest recovery once federal reform is passed. So far positive news on the matter has essentially resulted in a rise for the majority of the sector. Now when searching for the right cannabis stocks always do your research and learn as much as you can. The more you know the better investment choices you stand to make. Below are several marijuana stocks to watch for the rest of 2023.
Top Marijuana Stocks To Watch 2023
- Cronos Group Inc. ( NASDAQ:CRON )
- Neptune Wellness Solutions Inc. ( NASDAQ:NEPT )
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones brand in the United States. In recent news, the company announced it has streamlined its operating structure to improve its cash flow.
So Cronos Group will streamline its operating structure by winding down and exiting its existing U.S. hemp-derived CBD-focused operations by the end of the second quarter of 2023. Cronos has made this decision to improve its cash flow in the near term and position itself to directly enter the U.S. THC market when the necessary changes in U.S. regulatory conditions occur.
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Neptune Wellness Solutions Inc.
Neptune Wellness Solutions Inc. operates as a diversified and fully integrated health and wellness company. In Neptune Wellness’s most recent news, the company has closed a US $4 million public offering. The warrants have an exercise price of US$0.33 per share, are immediately exercisable upon issuance, and will expire five years following the date of issuance.
The Company plans to use the proceeds of the offering, after the repayment of the debt, for general corporate purposes. So the principal reasons for this offering are to increase the Company’s working capital and improve its ability to access the capital markets in the future.
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In addition to providing capital for general corporate purposes.