These Three Marijuana Stocks Are Making Key Moves This Month 

These Three Marijuana Stocks Are Making Key Moves This Month 

Marijuana stocks have been making huge moves over the course of the past few months. In only a short period of time, we have seen value shoot up as well as the public faith in the industry at large. With so much still up in the air, it seems as though at times it may be difficult to pick the right stock to invest in. This, however, seems to be a non-issue as more and more companies continue to be highlighted by the shifting market.

A Large Cap Pot Stock Worth Checking Out

Tilray (NASDAQ:TLRY) is one of the largest companies in the whole of the pot stock industry. The company came in last month at a 23% gain which is quite substantial. Much of this is due to the announcement that they made in the beginning of the month. The announcement of their acquisition of Privateer Holdings, an equity firm, is big news for the company. The interesting aspect comes as Privateer is a 77% shareholder in Tilray’s outstanding shares.

Another interesting aspect is the fact that they have been working heavily to move into other markets such as Europe and the U.S. These non-Canadian industries have massive potential when it comes to selling and producing marijuana. The company has quite a heavy amount of production currently in progress which means that they could face overproduction worries as so many others have. With the move into other markets, these worries could soon go out the window.

An Alternative Play for Pot Stocks

KushCo Holdings (NASDAQOTH:KSHB) is a very large alternative pot stock that many have been watching. The company is a key producer of packaging and marketing solutions for companies working in the cannabis stock market. With a 21% gain during the month of June, they definitely are worth keeping an eye on.  KushCo Holdings has maintained their goal of pushing their gross margins as close to 30% as possible. With higher prices for some of their newest products, the company is having a hard time meeting this goal. Their solution to this problem is to pass on the extra costs to the consumers. This may or may not go over well with the demand that they see.

Retail Marijuana Stocks Also in Focus

MedMen Enterprises (NASDAQOTH:MMNFF) is one of the largest retailers of marijuana in the state of California. This might not seem like a big deal until you realize that California is the largest legal marijuana market in the world. The company recently announced that they would be opening up a new store in California. This would mark their 15th retail location in the state. California’s cannabis market is subject to reach as much as $30 billion in legal weed store sales by the end of the next five year period. Additionally, their acquisition of PharmaCann could see them moving into other markets around the U.S. as well. If they are able to do so, this would definitely be a big deal for the company as a whole.

Published at Tue, 09 Jul 2019 12:56:53 +0000