2 Marijuana Stocks for Your Watch List for November
Now there is a good chance to find Best marijuana stocks to buy. For 9 months now, the market has seen a decrease in trading. As mentioned above, this resulted in a good buying opportunity in the market. The main concern is when things will start to recover as a whole for the sector. Among US and Canadian marijuana stocks, the entire sector is feeling the downside. Now there are some companies that experience fluctuations in trading more than others marijuana stock. The reason for this can be attributed to several factors.
For someone outside the market, the company shows more progress as well as profitability. Then, it may be due to potential mergers and acquisitions or a news update about the company boosting its growth in the cannabis industry. With these many factors, some cannabis companies have helped to reach better levels in the market. Now the best thing is to see this bullish volatility for the majority of the cannabis sector. Despite this, many feel that it is only a matter of time before betting stocks begin to rise again. Especially with everyone waiting to see what happens with the possibility of passing a federal cannabis reform.
Marijuana stocks and progress in the cannabis industry
A large number of investors feel that once one of these laws is passed, it will lead to a potential run. But the bigger goal is to end the cannabis ban forever. When this happens, doors that were previously closed due to federal law will open. Not only will it provide future opportunities for those looking to work in the cannabis legal space. So with this said, there is a lot of anticipation about the future of the cannabis industry and the increased trading of marijuana stocks.
Top Marijuana Stocks to Watch This Month
Cansortium Inc. Through its subsidiaries, it produces and sells medical cannabis in the United States. The company is engaged in farming, processing, retail and distribution activities. In the latest news, the company announced the opening of Fluent Fruitland Park. This makes the company’s 27th retail location in Florida.
Words from the company
“We are thrilled to begin providing high-quality cannabis products to medical marijuana patients in Frotland Park, as well as the surrounding vast and rapidly growing communities,” said CEO Robert Beasley. “Fluent is one of the few dispensaries serving the area and we will have many high-quality products to offer from our recently expanded agricultural projects across the state. Looking ahead, we have identified four additional retail locations to open in the first half of 2022, which It will make our total footprint in Florida 31 stores.”
CNTMF stock performance and market update
In the past 4-6 weeks of trading, CNTMF shares have been trading in ups and downs in the market. Since the end of September, CNTMF stock has been building momentum. This increase in momentum led to a nice increase in trading. Even after September, marijuana stocks continued to climb until midway through October. Right after October 15th, CNTMF stock started losing some of that momentum and started dropping. In the second half of October, the company continued its decline. However, as of the first trading day in November, CNTMF stock is beginning to regain some lost momentum.
[Read More] 2 Marijuana Stocks to Watch Now in November
Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. As a medical-led cannabis company in the United States. Hemp is grown. The company manufactures pharmaceutical cannabis extracts. It also sells its products through its network of green merchandise, other retail sites, and third-party dispensaries. The company grows and/or processes cannabis in eight markets and operates 16 dispensaries.
The company was formerly known as Vireo Health International Inc. and changed its name to Goodness Growth Holdings, Inc. Just before November, its subsidiary, Vireo Health of New York, announced that it would be releasing the whole flower of cannabis. The cannabis flower launch will be in three of the four New York dispensaries and via home delivery. As of now, Vireo is one of ten companies licensed to grow and sell cannabis in New York.
Words from the CEO of Goodness Growth
“We commend the Cannabis Oversight Board and the Office of Cannabis Management for their swift action to improve the medical cannabis program by allowing whole flower products,” said Kyle Kingsley, Goodness Growth Chairman and CEO. marketing flower products, and to help make cannabis more accessible and affordable for new and existing patients here in New York.”
GDNSF stock performance and market update
Since the beginning of October, GDNSF stock’s performance has been marked by a lot of volatility. Initially, GDNSF stock started the month with a rebound in trading which is what the company did. However, it was more of a swing trade as these bullish moves were short-lived. A large portion of GDNSF stock for the month of October showed a good amount of up and down trading. The positive behind this is that when the company went up in trading it was very strong levels. It’s still at the end of the month right before GDNSF stock started falling in November and had a hard time recovering. However, it’s a new month and the marijuana stock has plenty of time this month to see another rally in trading.
COMTEX_396190506 / 2683 / 2021-11-01 T13: 50: 08
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