Marijuana stocks to buy for 2022 on the Nasdaq? 2 to get your watchlist started in the new year
Cannabis stocks for the first quarter of 2022
In 2021, the best marijuana stocks to watch have been declining as the year progresses. After hitting new highs in the first quarter due to investor belief that the United States would pass federal legalization of marijuana in 2021. The cannabis industry fell back to much lower trade levels to close out the year . But this recent downtrend could be an opportunity for cannabis traders investors next year.
In general, although the cannabis industry did not perform well for investors in 2021, many large cannabis companies saw strong revenue growth and expanded significantly throughout the year. In the United States and abroad, the cannabis market is expected to experience even greater growth in 2022. In the United States, as new states launch medical and recreational markets, the industry is expected to experience substantial growth in the United States. over the next five years.
In fact, according to a recent report by Prohibition Partners, the combined global sales of CBD, medical and recreational cannabis are expected to exceed $ 37.4 billion in 2021. Specifically, those numbers are expected to reach $ 102 billion by 2026, showing substantial market growth for the industry. . For cannabis investors, finding the best companies that will thrive in the markets during this time could generate significant profits in the future. One area that is growing alongside the cannabis industry is that of companies that supply hydroponics, lighting equipment, and systems to produce cannabis.
The growth of the cannabis industry in the United States and around the world
Around the world, cannabis is also on the rise in significant ways as more countries establish its medical use and create legalized markets. Right now, there are opportunities for investors to jump into the future of the industry. In December, some of these top cannabis stocks saw significant declines in the market. With the best pot stocks trading lower, making a watchlist of the best marijuana stocks could add value to your portfolio for 2022. With that in mind, let’s take a look at the top 2 marijuana stocks for your list in 2022.
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Best Cannabis Stocks for the 2022 Watchlist
- Agrify Company (NASDAQ: AGFY)
- Clever Leaves Holdings Inc. (NASDAQ: CLVR)
Agrify Corporation, based in the United States, produces precision hardware and software growth solutions for the indoor agriculture industry. Vertical farming systems, integrated grow racks and LED grow lights are now available from the company. Agrify’s innovative hardware and software solutions enable businesses to achieve the best quality, consistency and performance at the lowest possible cost. Consulting, engineering and construction are all part of the company’s overall offering. Precision Extraction Solutions and Cascade Sciences, two leading producers of extraction, post-processing and testing equipment and solutions for the cannabis and hemp industries, were recently acquired by the company. . Through cooperation with Olive El Mirage, the company announced its debut in the Arizona cannabis market in October.
In November, the company’s third-quarter 2021 results were sales of $ 15.8 million, up 460% year-over-year. Agrify received $ 32.2 million in new bookings, bringing its total backlog to $ 117.5 million. Bud & Mary’s Cultivation, Inc. announced the first full turnkey solution cooperation with Agrify to install up to 1,200 vertical farm units in its 50,000 square foot facility. Additionally, Curaleaf Holdings, Inc. (OTC: CURLF) has entered into a multi-year research and development agreement with the company. The influence of the growing environment on plant health and crop production will be investigated in this study. The company has confirmed its annual projection of 48 to 50 million dollars for 2021. December 8e the company announced that it has entered into a binding agreement to acquire PurePressure, a leader in solvent-free extraction and advanced processing of hashish in ice-water.
AGFY share performance
AGFY share trades on December 31st at $ 9.20, down 3.26% for the trading day. The stock has a price range of $ 6.81 to $ 35.94 and has fallen 20.08% in the past six months. According to analysts at Tip Ranks, AGFY stock has a 12-month average price target of $ 34.67 per share. In this case, it would be a 280.15% increase from its last trading level of $ 9.20. AGFY’s 2022 stock might be one of the best marijuana stocks for your watch list right now.
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Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. is a multi-billion dollar company that grows, extracts, produces and distributes pharmaceutical grade marijuana. The company’s current operations include Colombia, Portugal, Germany, the United States and Canada. There are two types of cannabis products: cannabinoids and non-cannabinoids. Homeopathic and other natural treatments, as well as health and detoxification products, are developed, manufactured, promoted, distributed and sold by the Company.
Clever Leaves released its third quarter 2021 results in November. The company hit a record sales of $ 4.0 million in the third quarter of 2021. This represents a 22% increase in gross margin year-over-year. As a result, the gross margin climbed 22% to $ 2.5 million, resulting in a gross margin of 62.9% on a 1,000 point scale. In addition, compared to a net loss of $ 6.1 million in the third quarter of 2020, net income for the third quarter of 2021 improved to $ 1.0 million. According to the company’s sales forecast, revenue of $ 14 to $ 16 million is now the estimate for 2021. The company expanded to Portugal in December by obtaining a license to expand its operations from tight.
Return on CLVR shares
CLVR stock trades at $ 3.06 on December 31st down 7.74% in the last five trading days. Currently, the stock has a 52-week price range of $ 3.00 to $ 19.46 and is down 63.82% year-to-date. According to CNN Business analysts, CLVR stock has a 12-month median price target of $ 8.00 per share. This forecast represents an increase of 161.44% from its last stock price of $ 3.06.
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