Cannabis stocks in recent months have taken the market by storm, but with November approaching and states like California legalizing marijuana at a rapid pace, would these stocks top gainers?
The “hydrofarm vs growgeneration” is a debate that has been going on for some time now. The two different companies are in the marijuana industry and both have had success. There are many factors to consider when deciding which company is better, but this article will help you make your decision.
These 2 Marijuana Stocks Might Be Worth Adding To Your Watchlist
The majority of marijuana stocks on the market are dealing with the same problem. The problem is that there isn’t enough momentum to go to greater trading levels. Despite this, the majority of these publicly listed cannabis firms are continuing to prosper outside of the market. As a result of the market’s success, more people are becoming interested in investing in legal marijuana. As you can see, the cannabis industry is currently down, and there has yet to be a significant surge that has piqued the interest of investors. Still, given how cheap the industry is, it seems to be an excellent moment to invest in leading marijuana firms.
This is happening right now. Many people are eager to invest in anticipation of another prospective bull market in the industry. Although, given how cannabis stocks have been averaging down, no one knows when this will happen. Still, there’s a chance that, with the passage of federal cannabis legislation, the industry will be on the mend. As previously said, the cannabis sector is rapidly expanding outside of the market. Legal cannabis sales have already exceeded a billion dollars in several jurisdictions. Not to mention all of the prospective additional legal states working on cannabis laws. With the introduction of a new cannabis market, the sector will gain even more value.
Every new legal state brings with it a new market to explore and develop, which several MSOs are doing. Currently, investors are watching to see how lucrative or successful a cannabis firm is or may be. This metric is used to decide if an investor should purchase or sell marijuana stocks. Even yet, before investing in any firm, you should always do your research. Not to mention cannabis equities, which trade in a very volatile and unpredictable market. Even with all of the factors listed above, there is still a potential to make some good money by investing in cannabis stocks. Below are a few cannabis stocks to keep an eye on as they begin to gain trading traction.
In 2021, the Top Marijuana Stocks to Watch
- Village Farms International, Inc. is a company based in the United States. is a company based in the United States (NASDAQ:VFF)
- OrganiGram Holdings Inc. is a company that specializes in the production of organic foods. is a company that specializes in the production of organic foods (NASDAQ:OGI)
Village Farms International, Inc.
Village Farms International, Inc. manufactures, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America via its subsidiaries. Produce, Energy, and Cannabis and Hemp Business are the three sectors in which it works. A 7.0-megawatt power plant that produces and sells energy is also owned and operated by the corporation.
The power plant manufactures and distributes cannabis products while also selling its services to the British Columbia Hydro and Power Authority. The firm just announced the debut of the Synergy Collection, which adds to its product offering. Which was created to expand on the hemp plant’s wide range of advantages beyond CBD alone.
The Company’s Words
“The launch of this truly innovative product line marks a significant milestone in the evolution of the CBDistillery product pipeline,” said Michael DeGiglio, CEO of Village Farms International. “We believe it further strengthens its positions as a top-five US CBD brand1 and a top-ranked web site within the CBD category.” “The Synergy Collection not only enables Balanced Health to continue to develop full-spectrum CBD products, as well as additional cannabinoids and all-natural chemicals like THC, but it also supports the future development of a more comprehensive wellness product range.”
Performance Of VFF Stock And Market Update
Trading began in mid-August. The VFF stock has been trading in a violent downward trend. However, VFF stock began to rebound in the market towards the end of August, just before September. As September approached, the corporation began to lose steam and began to plummet. This choppy trading pattern lasted almost the whole month of September. VFF stock was unable to hit a higher market level despite some minor upticks in trade over the month. Currently, the corporation is still pushing for a higher market position in October.
OrganiGram Holdings Inc.
OrganiGram Holdings Inc. develops and distributes cannabis and cannabis-derived products in Canada via its subsidiaries. It caters to the adult recreational market with cannabis flowers, extracts, sweets and oils, drinks, and other cannabis items.
Performance Of The OGI Stock And Market Update
Looking at trading from August 13th, the firm has seen a decrease in volume. Until the third week of the month, the negative trend continued. It wasn’t until August 20th that OGI stock began to trade at a higher level. This upward pattern continued until September 2nd, following which the corporation began a new downward trend. This decline continued from September 2nd until September 21st. Following this period, OGI stock began to move with a lot of volatility in October. This erratic behavior resulted in a further drop in trade volume. However, trade in OGI shares rose again from the 18th to the 21st, before ultimately falling back down.
Aurora Cannabis stock is a marijuana company that has been on the rise for a while now. They have been able to grow their stock price from $0.50 per share to over $14 per share in less than two years. This is because of their growth and partnerships with companies like Coca-Cola and Molson Coors Brewing Company. Reference: aurora cannabi stock.
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