GLASF - Top Marijuana Stocks To Kick Off October
2023-10-02 07:00:12 ET
3 Marijuana Stocks To Trade And Begin October 2023
This week marijuana stocks are in place to see better momentum. The optimism that happens at the start of a new week is high due to the possibilities of what may happen. As many know already most cannabis stocks exist in a volatile sector So from this unpredictable trading there could be a chance to find pot stocks at lower entry levels. But if you been watching the sector you know there has been more of a decline versus an uptrend.
However, we may soon see another recovery in trading from the possible passing of the SAFE Banking Act. In addition to companies making more headway and progress. There has been an increase in partnerships in the cannabis industry Much of which is based on better business and preparing for the future of the industry. This also influences people to invest and search for the best marijuana stocks to buy . At the moment there are high hopes for this quarter and the results the company will produce.
Nonetheless, nothing is guaranteed as keeping a watchful eye on marijuana stocks is key. In addition to prepping and working on a strategy that is good for your trading style. Also, the more research you do the more information you can use when investing in marijuana stocks. The companies mentioned below are some marijuana stocks to watch this month for more momentum.
Top Marijuana Stocks To Watch 2023
- Ayr Wellness Inc. ( OTC:AYRWF )
- The Cannabist Company Holdings Inc. ( OTC:CCHWF )
- Glass House Brands Inc. ( OTC:GLASF )
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. In recent news, the company announced Q2 2023 earnings.
Second Quarter and Recent Highlights
- Opened the Company’s 86th retail location, subsequent to quarter end.
- Q2 retail sales increased 1% sequentially from Q1, with total transactions up 6%.
- The Company has opened 10 Florida stores thus far in 2023, bringing its Florida store total to 62 open locations to date.
- The Company plans to exit 2023 with a total of Florida 64 stores, compared to 52 to start the year.
- Completed re-brand of full fleet of Florida stores to AYR Cannabis Dispensary.
- Announced agreement to acquire third Ohio dispensary license.
[Read More] Top Marijuana Stocks To Watch As A New Month Begins
The Cannabist Company Holdings Inc.
The Cannabist Company Holdings Inc. engages in the cultivation, manufacture, and provision of cannabis products and related services in the United States and internationally. On September 26th the company announced it will be changing its ticker symbol to OTC markets CBSTF.
The change in the symbol on OTC Market aligns with the recently announced name change from Columbia Care Inc. to The Cannabist Company, as well as the change in ticker symbol on the Cboe Canada to “CBST”, which was effective as of Thursday, September 21, 2023. No action is required by shareholders with respect to the ticker symbol changes.
Glass House Brands Inc.
Glass House Brands Inc. through its subsidiaries, cultivates, manufactures, and distributes cannabis bulk flowers and trims to wholesalers in California. In recent news, the company is set to participate in the AGP virtual consumer cannabis conference on October 4th.
Co-Founder, Chairman, and Chief Executive Officer, Kyle Kazan, Co-Founder, President, and Board Director, Graham Farrar, and Chief Financial Officer, Mark Vendetti will participate. Management will be available to meet with investors throughout the conference