Are These Marijuana Stocks On Your Watchlist Right Now?

For close to a year now many marijuana stocks have been showing good entry levels. Many who are looking to invest in legal cannabis pot stocks may be your way in. As many know marijuana stocks trade in a volatile market. What this means is…

without warning a company can be up just as quick as it could be down. So what most investors tend to do is only invest in top marijuana companies. What this does is limit the risk based on how big and progressive a company is. Meaning if a company is making money outside the market most times this would indicate to investors that this is a possible buying opportunity.

Now, this is not always the case and you should always conduct thorough due diligence. Researching the sector as well as the industry before investing can be a big help. You always want to give yourself the best advantage to see a return. So by learning about each company and the market it can be a big help when investing. As of late many investors are holding shares of top cannabis stocks waiting for a chance to see a nice return.

Marijuana Stocks And The Progress Of The Cannabis Industry

Many feel the end of cannabis prohibition will be the catalyst needed to see a big run in the sector. Yet this is not set in stone and no way to know if this will happen on the day the end of marijuana prohibition comes. But in the last few months, any news on federal reform has added some upward momentum in the sector. Although being short-lived and not adding any consistency many remain optimistic about future trading for cannabis stocks. The cannabis industry is still young and developing and growing every day. As success and continue within the industry more people will look for ways to invest in legal cannabis. Below are 2 marijuana stocks to watch for better trading in 2021.

Marijuana Stocks To Watch Right Now In The Market

  1. Sundial Growers Inc. (NASDAQ:SNDL)
  2. HEXO Corp. (NASDAQ:HEXO)

Sundial Growers Inc.

Sundial Growers Inc. engages in the production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Back on the 7th of October, the company released news in regards to acquiring Alcanna Inc. Sundial will acquire all of the issued and outstanding common shares of Alcanna. This will be done by way of a statutory plan of arrangement for total consideration of approximately $346 million.

SNDL Stock Performance And Market Update

In the last month and a half SNDL stock has been working to climb back up in the market. This marijuana stock started September on a volatile downtrend. For the better part of September, SNDL stock was not able to sustain sufficient momentum. There was a point at the close of the month where trading did rise and it…

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