These two marijuana stocks could see significant gains this week

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Investors should take a look at these two stocks for potentially strong returns

The second week of August has just begun, and in the midst of a cannabis industry that continues to grow, it wouldn’t hurt to take a look at some stocks that could bring good results over the next few days. While it is true that the cannabis industry is not yet resonating with the sector as it did some six months ago, many experts believe that the sector will return to previous trading levels before the downtrend. Still, even if we’re not talking about a 100% recovery, there’s no doubt that it’s a good time to find the best marijuana stocks to buy.

One of the options has to be Lowell Farms Inc, a company fully dedicated to the extraction, cultivation, processing, branding, manufacturing, packaging and wholesale distribution of marijuana products to retail dispensaries in the high-profile state of California. While it is true that the first two weeks of May were not the best, from the second half to the end of the month, the shares of this company began to see a considerable increase in trading. During that period, Lowell Farm was able to reach a 14% gain before June arrived. Although things seem to be a bit volatile for the company, things are likely to pick up again, which puts it as a stock worthy of attention.

Another one that should be on the priority list for this week is MediPharm Labs Corp., which, in conjunction with its subsidiaries, produces and sells pharmaceutical-grade cannabis oil and concentrates and advanced derivative products in Australia and Canada. Like Lowell Farms, it wasn’t until the second half of May that the company gained significant momentum, making a market recovery that put it in a good position. MediPharm shares are currently down, but experts believe that this will eventually change and the company will rise again.