2023-06-08 07:00:13 ET
Top Marijuana Stocks For Your June Portfolio
When looking for the best marijuana stocks to buy it is important to note that investing in the cannabis sector carries risks. The cannabis industry is relatively new and evolving. Currently, this comes with regulatory challenges and varying legal frameworks across jurisdictions. Additionally, the market is volatile, and individual companies may face operational or financial difficulties. Thorough research, careful analysis, and diversification are essential when considering marijuana as an investment. Volatility is a big part of the sector which can make or break certain traders.
For example when you see that a company is at a low share price and you take up a position and it falls even lower due to volatility. This issue has happened many times which can impact the positive speculation about future investing. Still, the industry is moving forward and evolving day by day. The cannabis industry has seen a significant amount of consolidation and mergers in recent years. Larger companies are acquiring smaller players to expand their market share and establish dominance.
This activity can present investment opportunities, particularly if you identify potential acquisition targets. It this important for investors to identify when buying opportunities occur. You want to find the companies that are showing the most success in the market. When you can invest in a thriving company there is a greater chance of that success resonation into the market. The companies mentioned below are several marijuana stocks to watch before next week.
Top Marijuana Stocks For Your 2023 Portfolio
- Tilray Brands, Inc. ( NASDAQ:TLRY )
- IM Cannabis Corp. ( NASDAQ:IMCC )
- Clever Leaves Holdings Inc. ( NASDAQ:CLVR )
Tilray Brands, Inc.
Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.
In recent news, the company’s subsidiary has launched a new line of ready-to-drink mixed cocktails in a can. SweetWater Spirits released two spirits-based cocktails Vodka Soda Citrus and Vodka Soda Punch.
Words From The Company
“The ready-to-drink cocktail category is witnessing rapid growth, and we are thrilled to introduce the new SweetWater Spirits line,” said Ty Gilmore, President, U.S. Beer at Tilray Brands. “We have crafted delicious and refreshing low-calorie cocktails using premium vodka, ensuring a sensory experience that surpasses expectations.”
IM Cannabis Corp.
IM Cannabis Corp. engages in the breeding, growing, and supply of medical cannabis products in Israel and Germany. Back in May, the company reported its first quarter 2023 financial results.
Q1 2023 Financial Highlights
- 46% increase in gross profit and 35% compared to Q4, 2022
- 42% decrease in operating expenses
- 100% decrease in net loss driven by the increase in gross profit and decrease in operating expenses
- Revenues stayed stable with a 1% year-over-year increase to $13.2 million
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Words From The Company
“In 2022 IMC reworked its strategy,” said Oren Shuster, Chief Executive Officer of IMC. “We shifted our focus to meeting patients’ and pharmacies’ needs. During Q1 of this year, we have continued this transition. IMC is becoming a lean and agile company, with a clear focus on building brands that consumers love, driven by consumer insight.
Clever Leaves Holdings Inc.
Clever Leaves Holdings Inc. operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. Recently the company will partner with Atrasana to establish an international supply agreement for medical cannabis extracts.
Which will be for the cannabis markets in the Czech Republic and Switzerland. This marks the first commercial shipment for Clever Leaves to Switzerland, where Astrasana is an established medical cannabis distributor. The supply agreement between Clever Leaves and Astrasana will allow Clever Leaves to expand into new European markets.
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In addition to further solidifying its position as a global provider of medical cannabis. Switzerland and the Czech Republic have both seen recent legislative changes in favor of medical cannabis and are at the forefront of the emerging European cannabis industry.
