These two cannabis stocks are worth considering this month

52 0

Investors have a couple of strong choices if they’re looking for new portfolio options

Different experts in the marijuana industry continue to recap what has happened recently in the sector to determine which actions have gone the best way. The cannabis industry is constantly developing and therefore, it is important to have a constant study of the companies involved in it. Volatility, changes in laws, and many other factors remain of utmost importance when you want to invest in a market like this. So far in September, there have been a few companies that have performed well, so adding them to the portfolio could be a smart idea.

One of them is undoubtedly Tilray. Its relevance in Germany has led it to meet with regulators to define issues regarding recreational cannabis legislation in the country. As the market leader in Germany and Europe, the company says it has made it a priority to successfully launch an adult-use market in Germany. This requires high-quality control standards that are consistent and reliable for consumers and patients.

Just Brands, the wholly owned subsidiary of Flora Growth, should also be on the radar of many. The firm acquired almost all of the assets of the No Cap Hemp Co. brand with no upfront payment. According to Flora Growth, a move like this will allow it to immediately benefit from a profitable, cash-flow positive, and growing business.

“This strategic acquisition demonstrates our disciplined capital allocation approach that is consistent with both short-term needs and long-term vision as a leading global cannabis company,” it adds. While its performance has not been as strong as Tilray’s, Flora is up 42% over the past month and things may be looking up.