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Marijuana Stocks To Watch Let’s Look At 3 Of These Companies
During the last week of trading, some Marijuana stocks may have seen a slight increase in trading. Although this rise has been short-lived and volatile on different days in a bear market, the potential for growth is on display. Over the past 6-7 months of trading, the cannabis sector has seen a turbulent downtrend. During this time, a lot has happened. This means that although most cannabis stocks have fallen significantly, some success outside of the market has been found.
For example, some cannabis companies are joining forces through mergers and acquisitions. Then you have other cannabis companies that are seeing a record amount of cannabis sold for both medical and recreational purposes. Not only have some of these same marijuana companies expanded their business as well. This process of expansion is done by opening new dispensaries or building new facilities.
All of these things mentioned above all developed not only during a pandemic, but in a declining market. However, it is these continued advancements that have kept some cannabis investors in the game. With the current performance of the cannabis industry, a company’s progress is a good metric to consider when looking for the best. stocks of marijuana to buy in 2021.
The rise and fall of marijuana stocks
At some point, a strong press release would help give the industry more momentum. Yet in today’s market, this is not the case. Yet in August, when companies started reporting profits, it didn’t help up as much as it did before. Some believe the current level at which marijuana stocks are trading is the new normal. These investors believe that the bubble that once was in pot stocks is starting to deflate to some extent. Then there are others who believe that with the right catalyst, the industry has a chance to work again.
The best marijuana stocks to watch in 2021
Green Thumb Industries Inc. (OTC: GTBIF)
Curaleaf Holdings, Inc. (OTC: CURLF)
GrowGeneration Corp. (NASDAQ: GRWG)
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes and sells various cannabis products for medical and adult use in the United States. It offers cannabis flowers; and processed and packaged products, including concentrates, edibles and topicals, and other cannabis products. In the latest news, the company announced the opening of Rise Bloomfield in New Jersey. This makes it the company’s 65th largest retail store in the country.
Company words
“We are delighted to open Rise Bloomfield, our third store in New Jersey, as we continue to see massive acceptance of cannabis across the country and particularly on the East Coast,†said Ben Kovler, Founder and CEO by Green Thumb.
Performance of GTBIF shares and market update
Over the past 2 weeks of trading, GTBIF stock has seen a volatile downtrend. At one point, the company just before mid-February was trading at much higher levels. Currently, in September, GTBIF stock suffered another loss of its bullish momentum. However, from September 10 to 16, the company began to recover but has since plunged again.
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Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as an integrated operator of medical and wellness cannabis in the United States. It operates in two segments, cannabis operations and non-cannabis operations. Over the past month, the company has made some important updates. On August 25, the company announced the opening of Curaleaf Bordentown, the company’s 109th nationwide dispensary. Next Curaleaf announced its participation in several investor conferences.
CURLF Stock performance and market update
So far in September, CURLF stock has suffered a trading loss. While progress outside the company looks good inside the market, it’s not so much. During the first 2 days of trading CURLF shares things started to develop for the company. But soon after, CURLF shares began to decline. It was not until September 14 that the CURLF stock started to rise again. For now, the company has fallen slightly, but it still has a promising market position to build on.
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. On September 15, the company announced the opening of two new hydroponic garden centers in Los Angeles County. These locations become the 11th and 12th locations in Southern California. Both sites will open on September 24, 2021.
Words from the company GrowGeneration Corp.
“These two stores, the largest hydroponic garden centers in Southern California, position GrowGen to sell to the highest concentration of commercial indoor cannabis growers in California. Our downtown Los Angeles location is 52,000 square feet, with a full yard and over 50 parking spaces where growers can easily shop and access the largest selection of hydroponic equipment and supplies.
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GRWG share performance and market update
During the last 3 weeks of trading, the GRWG share has attempted to rise in the market. In the first 9 days of September, the company was showing sideways trading. Right after the 9th title GRWG could not maintain its position in the market and started to fall. However, from the 14th to the 17th of the month, a small recovery began to take place. In recent trading, GRWG stock has fallen slightly since then, but could still see another increase in future trading.
The Marijuana Stocks Summary article 3 Companies to Keep on Your Radar appeared first on Marijuana Stocks | Cannabis investments and news. Roots of a budding industry. (TM).
COMTEX_393560564 / 2683 / 2021-09-18T09: 43: 26
Is there a problem with this press release? Contact source provider Comtex at [email protected].
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