Top Marijuana Stocks Watch For A Rebound Next Month

Marijuana stocks are working to see better trading in the market. Since mid-February, many of the top marijuana stocks in the market have dropped in trading. Now in that time, small spikes in trading have occurred but overall a decrease in momentum has happened. Some investors are taking this time to look for the best marijuana stocks to buy. Others are holding their current position as they wait to see better trading in the near future. The current strategy that is taking place is buying the dips.

As the COVID-19 pandemic disrupted work, school and life schedules, it also caused marijuana buyers to change when they shopped, shifting from the evening hours to the daytime. A year later that pattern is returning to normal, with more shoppers visiting cannabis retail outlets in the evening.

Retailers in general, including marijuana outlets, experienced shifting peak hours after the outbreak of the pandemic as consumers sought safer, more-convenient shopping experiences during the day versus the evening. Many consumers were able to shop at different times because of new working conditions, or they deliberately avoided popular times. Knowing and understanding that peak shopping hours are shifting back will allow cannabis retailers to better predict their scheduling needs.

2 Marijuana Stocks To Watch At The End Of The Month

As the market still looks to recover investors are still looking for marijuana stocks to buy. In recent market action, marijuana stocks have been on a volatile pattern. Some of this is due to why the sectors have had trouble sustaining any upward push in trading. Yet even though some marijuana stocks are trading at lower levels does not mean all is lost. In the last year of trading, many marijuana stocks have been moving up in the market.

Cannabis is undergoing a reputation makeover. Public perception has gradually shifted to viewing marijuana products as respected medicine and wellness products instead of illegal drugs. These changes in attitudes are likely due to a variety of factors, including new legal markets and increased access, available educational materials, numerous scientific studies, and overall more significant conversations of safety and use on various media platforms and forums.

How much easier would self-checkout at grocery stores be if the entire shopping experience took place at a kiosk that takes the order and payment and then an employee handed over a cart full of groceries?

That is essentially what AUSA Corporation’s new Cocoon kiosks do for customers looking for an expedited shopping experience.

48North Cannabis Corp. will lay off about 20 per cent of its staff as it ends outdoor cultivation at an Ontario facility.

The cannabis company's CEO Charles Vennat says the layoff impacts about 26 staff and comes as 48North immediately ceases operations at its Good Farm outdoor cultivation facility in Brant County, west of Hamilton.

The company described the closure as an important step toward profitability and when coupled with decreasing its cash use, said it will result in annualized savings of at least $5 million.

The Good Farm cut leaves 48North dependent on strategic partnerships with licensed producers and on DelShen, an indoor facility it keeps in Kirkland Lake, Ont.

The growth in demand for cannabis health and wellness, personal care, and non-smokable products is a positive sign, validating the commercial promise of legalization of adult-use cannabis. Yet, when we look at the legal offerings available, Canadians face a modest array of products. While the initial cannabis beverage offerings are impressive, limited selections of edibles and topicals speak to the challenges of developing new cannabis products.

Village Farms International Inc (NASDAQ:VFF) reported revenues of $47.4 million (up 43% YoY) in Q4 2020. 

Completes the takeover of Pure Sunfarms

Village Farms acquired a 41.3% stake owned by Emerald Health Therapeutics, Inc in Pure Sunfarms on November 2, 2020. As a result, the company owns 100% of Pure Sunfarms and realizes its income.

Pure Sunfarms reported a sequential growth of 28% and YoY growth of 248% in retail branded sales. The company reported revenues of CAD 15.5 million in Q4 2020. 

Village Farms Clean Energy, Inc, a subsidiary of Village Farms International, renewed the existing contract agreement with Vancouver City. 

See how cannabis stocks like Sundial Growers, Trulieve and Tilray performed last week after New York agreed to a deal to legalize marijuana use.

The cannabis sector was down this past week as investors turned their backs on speculative stock plays and looked at reopening stocks to buy as the U.S. gets closer to fully reopening its economy.

Cannabis stocks received a boost this past week when New York agreed to a deal to become the 16th state to legalize recreational marijuana. 

Cannabis stocks were pointing towards starting the week higher with the benchmark ETFMG Alternative Harvest ETF  (MJ) - Get Report rising after closing out Friday's session down 0.4%. Shares are down Monday.

TORONTO, March 29, 2021 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV: NRTH) a vertically integrated licensed producer focused on manufacturing high-quality cannabis products and building progressive and thought-provoking brands, announced today changes designed to streamline its operations and further improve margins.