Two options are on the table for investors looking for solid cannabis targets
The first week of October has already hit the calendar and many investors are still looking for marijuana stocks with enough potential to close the year on a positive note. While trading has remained volatile, some marijuana stocks have been bullish due to this behavior over the past month. While it is true that the sector’s trading average is below where it once was, the overall action has been more consistent over the past few months. Therefore, it is time to take advantage of the opportunities and get involved in a growing industry.
Tilray remains an incredible opportunity for all those shareholders who want to have a solid portfolio with the potential to go through the roof at any time. The company has operations in Canada, the US, Europe, Australia, New Zealand and Latin America. Its main focus is the research, cultivation, production, marketing and distribution of medical cannabis products.
Tilray closed in September with great news. A couple of weeks ago, the company announced that it obtained approval to extend its marketing authorization in Italy. The company is now set to release its financial results for the first quarter of fiscal 2023 next Friday.
Another key player is Village Farms International, a company that, together with its subsidiaries, markets, produces, and distributes greenhouse-grown tomatoes, peppers and cucumbers in North America. The firm recently said it was recognized as one of Canada’s leading cannabis companies.
Importantly, Pure Sunfarms has a three-year revenue growth rate of 2,320 percent. In addition, the company was ranked as the fastest-growing Canadian marijuana company. These are certainly indications as to why its shares should be bought at this time.