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These Canadian Marijuana Stocks Are Top Companies To Watch

Tuesday, September 26, 2023 07:00 AM | via QuoteMedia

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These Canadian Marijuana Stocks Are Top Companies To Watch

2023-09-26 07:00:59 ET

Investing In Cannabis? Here Are 3 Top Canadian Marijuana Stocks

Marijuana stock investors are trying to stay sharp the last week of September. This week can be a big moment for the cannabis industry. At some point this week we will have legislators try to enact a cannabis banking bill. If this does become law we may see a substantial bounce in trading. Often when there is a strong catalyst for the sector cannabis stocks begin to trade up. Now this is not always the case and it depends on the reason.

However, when it comes to news on federal reform it has been the biggest market mover. This has also been the reason many are still looking for marijuana stocks to buy . With no federal reform in place, there is a level of volatility that still occurs. What seems to be the biggest reason for the increase in volatility is the lack of better reform. Some still feel that federal regulators may shut down the industry or find a way to make it tougher to operate.

But with how much progress and success has happened it’s doubtful any federal shutdowns will occur. Right now is being seen as a time to invest in the future of cannabis as there is more to be done. When something new happens such as strategic partnerships or new products it leads to new investment opportunities. Make sure you do your research and try to create a plan that helps you see the best odds at taking profits. The companies mentioned below are top marijuana stocks to watch heading into October.

Top Marijuana Stocks To Watch Now 2023

  1. Canopy Growth Corporation ( NASDAQ:CGC )
  2. Aurora Cannabis Inc. ( NASDAQ:ACB )
  3. Neptune Wellness Solutions Inc. ( NASDAQ:NEPT )

Canopy Growth Corporation

Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. On September 18th the company announced a private placement of up to US $50 million. marijuana stocks on robinhood Canopy Growth (CGC)

The purpose of the offering is to provide the Company with additional liquidity of up to US$50MM to further strengthen Canopy Growth’s financial position and is expected to be used for working capital and other general corporate purposes.

Aurora Cannabis Inc.

Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. ACB

In recent news, the company launched a bold new brand Tasty’s into the Cannabis adult market. Anchored by a disruptive brand identity, TASTY’S celebrates its market arrival today in Toronto at Hall of Flowers, a premier cannabis trade show.

[Read More] Top Cannabis Stocks with the Most Impressive Gains

Words From The Company

“We could not be more excited to bring a net new brand to the Canadian market, and especially a brand that packs the punch as TASTY’S does and meets the rapid growth of the pre-roll segment,” says Geoff Hoover, Senior Vice President, Consumer at Aurora.”

[Read More] Navigating the Highs: Canadian Cannabis Stocks in September 2023

Neptune Wellness Solutions Inc.

Neptune Wellness Solutions Inc. operates as a consumer packaged goods company in Canada, the United States, and internationally. The company announced a pricing of US$4.5 million public offering. The pricing of its public offering of 1,800,000 of its common shares. As well as accompanying warrants to purchase up to an aggregate of 1,800,000 common shares. NEPT Stock

Which would be at a combined public offering price of US$2.50 per share and accompanying warrant. This can result in gross proceeds of approximately US$4.5 million. The warrants have an exercise price of US$2.50 per share, are immediately exercisable upon issuance, and will expire five years following the date of issuance.

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