As marijuana stocks still battle with inconsistent trading what will it take to fix this? Now many feel that the push for federal reform is the only thing that can help. But for marijuana stocks, good news on the matter has resonated well for most marijuana stocks. However…
once that is eventually passed what will be next. More specifically what will be the catalyst to help have more consistent upward momentum to the sector.
Some may not have been paying attention but in the last year outside of the market, a good amount of growth has occurred. This growth has allowed many cannabis companies to flourish outside of the market. For example, in the last year, more companies have joined forces through M&A. In addition to more companies releasing new products and opening new dispensaries. All of the above are strong indicators that the company is showing more progress and success.
With this progression, the end result is to be more profitable as a company. To which this success is now being used as a metric to know if you should consider a company a marijuana stock to buy. But still, with this, you always need to do your research on each possible company you want to invest in.
Marijuana Stocks For Your 2022 Watchlist
Nevertheless, marijuana stock investors feel 2022 will yield better results in the sector. With this investors are keeping an eye open to see what will help bring more upward trading. For now, there is still time to find top marijuana stocks to buy. As well with 2022 around the corner, there is great anticipation for the future. This is why many are trying to take advantage of this volatile action that is happening in the sector. Below are some cannabis stocks to watch that may be a good fit for your 2022 watchlist.
Top Marijuana Stocks To Watch In 2022
Harborside Inc. engages in the cultivation, manufacture, distribution, wholesale. As well as retail of cannabis and cannabis products for the adult-use and medical markets in California. In the companies most recent news they have released its Q3 2021 earnings. At this time the company’s total gross revenue was $17.9 million. Which is 10.4% higher sequentially than the previous quarter.
The company also had Adjusted EBITDA(1) was $1.5 million. This was 28.2% higher sequentially than the previous quarter. Another highlight is Matt Hawkins was made Interim CEO. While at the same time naming Ahmer Iqbal as COO of Harborside. And the company announced a retail partnership with the premium brand RNBW.
HBORF stock has not had the best market performance in the last year. However…
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