Investors should keep an eye on these two cannabis stocks this week

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Two cannabis stocks could start to make big gains this week as the market shifts

The last week of June has arrived, and there are still great opportunities to get into the marijuana industry. According to some experts, stocks in this market are beginning to show a slight increase in momentum. As a result of recent volatility, investors have the opportunity to capitalize on the downside and take advantage of the nice gains that could be generated in the future. With all the current speculation about the future success of the marijuana industry, more investors are finding value in buying dips.

One competitor that has so far proven to have a big head start in the race is TerrAscend Corp. This company is specifically engaged in the processing, cultivation, and sale of medical and recreational marijuana in the US and Canada. Many consumers can find many of its hemp-derived products, as well as cannabis-infused artisanal edibles, in retail stores.

Among the company’s most recent news is the launch of Khalifa Kush (KK), a strain that rapper Wiz Khalifa made widely known. Three months ago, TerrAscend filed the necessary paperwork to obtain exclusive rights to produce, process, and retail KK-branded products in Michigan.

On the other hand, there is Greenlane Holdings, a company that distributes and develops cannabis accessories, vape solutions and lifestyle products in the US, Canada and Europe. Just over a month ago, the company released its first-quarter 2022 earnings. Many investors must have been pleased to hear that it reported revenue of $46.5 million, up 37% year over year.

A week ago, the company provided more details about the plan to generate $30 million in non-dilutive cash. The previously announced strategy aims to generate $0 million in non-dilutive cash focused on a few key components.