Three cannabis companies offer great options to investors looking for strong targets
Investors in the marijuana sector continue to work to adapt to the way the industry is developing every day. The increase in volatile trading can prove to be a difficult task, especially when predicting how a marijuana stock will keep up with its pattern. Even with this being a reality, there are some who have been able to see the change in their trading style. This has allowed those individuals to see a return on their investment. There are several factors that could help see another recovery for the cannabis sector. Chief among them is the growth and evolution of several companies, which have been instrumental in further progress.
One that has really done well so far is Trulieve Cannabis. With its strong ties to its subsidiaries, Trulieve operates as a medical cannabis company.
Its focus is on producing and cultivating products in-house and distributing its products to Trulieve-branded stores. After announcing its strong financial status in the middle of last month, the firm announced the opening of its medical marijuana dispensary in Auburndale, FL.
Greenlane Holdings is another company that provides great opportunities for today’s investors. This firm distributes and develops cannabis accessories, vape solutions and lifestyle products in Canada, Europe and the US.
Greenlane continues to be highlighted by the two segments in which it operates; Consumer Goods and Industrial Goods. Among the most important updates is that the company has once again met Nasdaq listing requirements.
And last but not least, Planet 13 Holdings. This integrated marijuana company focuses its business on the production, cultivation, distribution and marketing of cannabis and cannabis-infused products for the medical and retail cannabis markets in Nevada. The company underperformed during its second-quarter earnings this year but expects to make the necessary adjustments to get back on its feet.