These two cannabis stocks are picking up as September draws to a close

29 0

Two cannabis companies could be great targets for investors looking to strengthen their portfolios

September seems to have been a month that flew by on the calendar, with one more week left before it ends. Many investors are looking to end this period on a high note, considering that decisions made at this time may have positive repercussions as 2022 becomes history. Cannabis stocks continue to face some ups and downs, but that doesn’t mean they are feasible options to see pockets of money line their pockets as time goes on. With regulations and legislation in favor of the industry, shareholders and new investors will decide if looking for marijuana stocks to buy is the right move.

SNDL Inc. is an interesting bet for many investors who may still be skeptical. This company focuses its operations on the production, sale, and distribution of marijuana products in Canada. The firm operates through cannabis operations and retail operations segments. The recreational cannabis market is its primary focus, which it covers through corporate-owned and franchised cannabis retail stores.

Hand in hand with M Cannabis Corp. the company was able to complete its first international export of premium flowers. The final destination was Israel and it is considered a significant milestone for SNDL as it enters the global market.

On the other hand, there is Cronos Group, a company that focuses essentially on the cannabinoid business. Through eCommerce channels, retail and hospitality partners under the Lord Jones and Happy Dance brands, the company markets, manufactures and distributes hemp-derived supplements and cosmetic products.

Cannabis is also a plant used for the company’s operations, as it is dedicated to its manufacture, cultivation and commercialization, targeting both the adult and medical markets. A month ago, the company released its second-quarter results, reporting net income of $23.1 million, an increase of $7.4 million over the same period in 2021.