Are you looking for the best marijuana stocks to buy in 2022? To start the year the cannabis sector set new lows in the market as market volatility and delays with cannabis reform impacted marijuana stocks. In February top cannabis stocks have recovered some of the value lost in the past two months. In general…
the possible attachment of SAFE Banking to the COMPETES Act sparked some upside in the cannabis sector. Additionally, announcements from Senate Majority Leader Chuck Schumer that he would formally introduce his bill in April also added to the uptrend.
One area that has become the best-performing cannabis companies to invest in is US MSOs. In the US leading cannabis companies have become the largest revenue-producing companies in the industry. After the pandemic top tier, MSOs expanded rapidly across the US cannabis market. Using M&As to quickly build their presence in new markets this process continues at the present time.
For leading cannabis companies delays with federal cannabis, reform has left them trading near their newly established lows in 2022. But this could be an opportunity for cannabis investors this year. For the next five years, many analysts are expecting the cannabis industry to more than double in size. Now with some possible catalysts for this year, it could be time to make a watchlist of the best pot stocks to buy for 2022.
Investing In Pot Stocks And Becoming A Better Investor
Before investing in any cannabis stocks, it’s always important to do your research on a company. Looking into a company’s finances and press releases will help you find the best-performing companies in the industry. In addition, studying how a stock moves in the market can help you achieve the best entry points for your investments. Learning how to identify the best setups to make an entry can help you become a successful trader. As top cannabis stocks begin to show upside let’s look at 3 top US marijuana stocks to add to your watchlist in February.
Best Cannabis Stocks For Your List In February 2022
- Verano Holdings Corp. (OTC: VRNOF)
- Curaleaf Holdings, Inc. (OTC: CURLF)
- Cresco Labs Inc. (OTC: CRLBF)
Verano Holdings Corp.
Verano Holdings is a multi-state cannabis corporation that serves clients with legal cannabis goods. Under several brand names, the corporation provides high-quality cannabis products in general. Goodness Growth Holdings, Inc. (OTC: GDNSF) was proposed for acquisition in February, giving the business a total of 111 dispensaries and 17 cultivation and processing facilities. The company has 41 dispensaries in Florida, providing it a major presence in the state. The company’s retail brands, Zen LeafTM and MÜVTM, run dispensaries that cater to both medical and adult-use customers. The startup opened a drive-through dispensary on Flamingo Road in Las Vegas in October. In December, Verano purchased Carin Nature, LLC and Pharmaceutical Solutions, Inc, both of which operate dispensaries in Connecticut.
TerraVida and The Healing Center were recently purchased by Verano. Verano already owns six dispensaries in Pennsylvania and has the approval to open three more because of the agreement. The company established a flagship dispensary with a four-lane drive-through in Pittsburgh earlier this year. The corporation reported $207 million in revenue for the third quarter of 2021 in November, rising 106 percent from the previous year. Furthermore, on an unadjusted basis, gross profit climbed by 33% sequentially to $133 million, or 64% of revenue. Verano increased its footprint in Q3 by launching seven new dispensaries throughout its primary areas. VRNOF stock closed at $11.54 on February 7thdown 8.12% in the past month of trading. At the present time, the stock has a 52-week price range of $9.86-$28.00 and is down 25.31% in the past six months.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc., a multi-state cannabis retailer with 113 retail locations in the United States, sells packaged cannabis products. Additionally, Curaleaf International, the company’s fully owned subsidiary, has begun operations in Germany, giving access to medicinal cannabis products through Adven GmbH. Curaleaf’s Select brand is one of the most well-known in the United States. Curaleaf extended its operations to three more states after purchasing Tryke Companies in November. The company’s portfolio now includes…
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