These two cannabis stocks are positive long-term investments

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For patient investors, these cannabis options can make great targets

Increased volatility is being witnessed by investors in marijuana stocks. While that is a constant factor in the industry, it is leading to more ups and downs in the sector. In fact, volatility can be considered a point of help for those looking for marijuana stocks to buy. Positive gloom across the sector has generated momentum before the month closed, so it seems like a good time for those interested in investing in the market to give certain solid stocks a chance.

One fairly viable option can be found through IM Cannabis Corp. This company focuses its operations on the cultivation, breeding and supply of medical cannabis products in Israel, Germany and Canada.

In recent updates, the company announced that it has successfully closed its first tranche of a non-brokered private placement of common stock. With the proceeds from this transaction, the company expects to be able to strengthen its working capital.

“We have a clear plan to unlock our full potential as soon as possible,” said Oren Shuster, CEO of IM Cannabis. “Given the business and market dynamics in our regions, capital allocation has become more important than ever.”

Neptune Wellness, for its part, operates as an integrated health and wellness company in North America and internationally. The company has been focusing over the past several years on building a portfolio of lifestyle brands and consumer packaged goods products.

Based on its fiscal first quarter 2023 financial results announced on August 15, the company appears to be doing things right.
Revenue for fiscal Q1 2023 totaled $16.3 million, compared to $10.1 million or a 61% increase for the same period in fiscal 2022.

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