Three cannabis companies find themselves in good positions to reward investors
Various marijuana industry experts continue to say that US multi-state operators (MSOs) will be the most important companies to watch out for as 2022 draws to a close. It is no secret that since the pandemic, the marijuana business has seen an incredible surge in the US, becoming the leading revenue producer regionally, leaving behind major competitor Canada. If you take a closer look at these three stocks, it is possible that you can find great profits in this last quarter of the year.
The first to watch is Columbia Care, an MSO that is poised for strong growth in New York State. The company alone is already one of the largest marijuana products on the East Coast and that will no doubt now be set in stone after acquiring a 34-acre facility on Long Island. The firm operates more than 130 locations in 18 cities across the country, including 99 dispensaries and 32 cultivation and processing facilities.
Then there’s the big opportunity that could be found by relying on Cresco Labs’ performance. The cannabis company with a large footprint in the US has a vertically integrated corporate structure.
There is currently no company that compares to Cresco when it comes to the production of branded cannabis products. This can certainly be confirmed by customers in Illinois and Pennsylvania, where a study showed that Cresco is the favorite marijuana brand.
And then there is Ascend Wellness Holdings (AWH), a cannabis company with operations in Illinois, Massachusetts, Michigan, New Jersey and Ohio. AWH centers its business on owning and managing facilities that create high-quality strains. AWH operates 17 retail sites and sells to licensed marijuana businesses. The company generally produces and sells its products under the Ozone brand name.