MMNFF - Will These 2 Marijuana Stocks Begin To Sustain Better Momentum?
Shareholders Want To See These Marijuana Stocks Run Before Next Month
Marijuana stocks over the last few weeks have seen better days of trading. Much of this comes from the speculation of what is next to come for the sector. Cannabis companies are gearing up to report earnings soon which could add to the current volatile trading. As well with news about Chuck Schumer’s bill soon to be presented any day now investors are on watch. The recent pullback, it gave investors a chance to find top marijuana stocks to buy. Any time you invest in anything you want to buy and sell high. For marijuana stocks, it works the same way, especially with all the recent up and down trading.
So far 2022 even with the sector at a lower average has had better overall action versus a year. Still with more to be seen and done in the cannabis industry many publicly traded cannabis companies could offer opportunities. Not just with buying shares but as more states become legal some MSOs have expanded and opened new stores across America.
From this companies like Trulieve, for example, one of the biggest MSOs in the game can offer new job opportunities. Still, if you are looking to invest always make sure you do your homework beforehand. In 2022 there has been much happening outside of the market which has added more growth to the cannabis industry . The companies below are a few options to consider when looking for marijuana stocks to watch in the stock market.
Top Marijuana Stocks For Your 2022 Watchlist
MariMed Inc.
MariMed Inc. together with its subsidiaries operates as a cannabis company in the United States. The company cultivates, produces, distributes, and retails recreational and medicinal cannabis under the MedMen Red and LuxLyte brand names. In recent news, the company has made several news updates. On July 11th the company announced that it will be releasing its second quarter 2022 financial results on August 8, 2022, after the market closes. Management will host a conference call on August 9, 2022, at 8:00 a.m. EST to discuss financial results.
Following this MariMed also announced on July 12th that it has begun trading on the Canadian securities exchange. MariMed’s shares will continue to trade on the OTCQX under the ticker symbol MRMD. In more recent developments the company announced kitchen expansion in Maryland. On July 18th MariMed announced Kind Therapeutics USA (“Kind”), has received approval from the Maryland Medical Cannabis Commission. This approval is to operate its state-of-the-art expanded production kitchen at its Hagerstown, Maryland cultivation and production facility.
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MedMen Enterprises Inc.
MedMen Enterprises Inc. together with its subsidiaries operates as a cannabis company in the United States. The company cultivates, produces, distributes, and retails recreational and medicinal cannabis under the MedMen Red and LuxLyte brand names. In the last 8 weeks, MedMen has made several company updates.
On May 11th the company announced it has sold its New York operations for $88 million which is a $15 million incremental value. The transaction resolves the litigation between MedMen and AWH concerning the transaction.
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Plus delivering the $15 million in additional value to MedMen shareholders. Next, the company announced on May 23rd that it has prevailed in the Lawsuit against Arizona-based Whitestar solutions.