The best cannabis stocks for short-term gains
Looking for ways to invest in marijuana stocks for 2022? This week started with some upside for the most important cannabis stocks, but yesterday’s Fed meeting left most of the cannabis stocks dropping to lower levels. In 2021, the cannabis sector found itself trading solely on the possibility of federal cannabis reform. Because no changes were made at the federal level, marijuana stocks ended the year with new lows in the market.
In general, this market volatility is common for the cannabis sector and many active investors have learned to take advantage of price swings through short-term trading strategies. Specifically, some active traders use day trading and swing trading techniques to make profits from penny marijuana stocks. For those unfamiliar with few penny stocks, these are any stocks that are trading under the $5 price point. Known for high volatility in cannabis stocks, it is a high-risk, rewarding investment.
Due to lower stock prices, active traders can create larger positions with less capital. Overall, this allows them to make gains with smaller price swings in the stock’s daily volatility. In some cases, penny marijuana stocks can produce significant gains on a daily or weekly basis. In 2021 during the first quarter, many of the large cannabis stocks in the market rebounded showing gains of three percent in some cases.
Find the best penny bot stock to buy in January
Now with the cannabis sector trading near new lows, it might be time to prepare a watch list of the best penny marijuana stocks for 2022. Before investing in top cannabis stocks, it is important that you do your due diligence on the company. Researching company earnings and press releases can help you narrow down the best performing companies.
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Additionally, keeping track of how stocks are moving in the market can allow you to determine the best entry points for your trades. Learning how to read chart patterns and find good trading setups can help you become a successful trader. With major cannabis stocks still trading near 52-week lows, let’s take a look at two of the largest penny marijuana stocks for your watchlist in January 2022.
The best penny marijuana stocks to watch in January
- Glasshouse Brands Inc. (OTC: GLASF)
- Lowell Farms (OTC: LOWLF)
Glasshouse Brands Inc.
Glass House Brands Inc. is a vertically integrated hemp and cannabis company in the United States and is one of the fastest growing. The company is highly focused on the California market, creating leading, long-lasting brands to meet the needs of customers in all categories. Specifically, Glass House Farms, Forbidden Flowers, and Mama Sue Wellness are just a few of the company’s brands that make it happen. In September, the company purchased a 5.5 million square foot greenhouse facility in Southern California. The company has selected Mark Venditi as its Chief Financial Officer. In December, the company paid $25.6 million to PLUS, a major California food brand.
In November, Glass House announced results for the third quarter of 2021, with net sales of $17.2 million, up 29% from the third quarter of 2020. For example, the in-house cannabis brand was the best-selling brand in California in Third quarter of 2021. Total profit is $2.3 million with a gross margin of 14%. Revenue to date in the third quarter of 2021 increased 63 percent to $51 million, compared to $31.3 million in the third quarter of 2020. At the end of the third quarter, the company had a cash balance of $28.9 million. on January 5yGLASF stock closed at $3.50, down 3.85% for the trading day. Over the past few months, the stock has been trading in the $3.43 – $6.26 range.
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Lowell Farms Inc is a California-based cannabis company that is rapidly increasing its market share. The company primarily focuses on developing an award-winning portfolio of licensed cannabis brands for cannabis consumers, as well as innovative production capabilities, artisanal cannabis cultivation, and the development of an award-winning portfolio of cannabis brands licensed to cannabis consumers. The company has entered into a licensing agreement with Ascend Wellness Holdings. The two companies will collaborate to provide the Lowell Smokes brand to Massachusetts and Illinois dispensaries. In November, Lowell & Ascend announced that the Lowell Smox brand would expand to Michigan. According to the company, pre-rolled Lowell Smokes also known packages will be available in Illinois. Illinois citizens will now have access to Lowell Smokes at eight retail locations across the state.
In November, Lowell Farms announced financial statistics for the third quarter of 2021, reporting sales of $12.5 million, down $12 million from the third quarter of 2020. Wholesale flower sales fell 71%, or $3.9 million, in Third quarter due to decline. Wholesale prices. During the quarter, the company suffered an operating loss of $7 million and a net loss of $8.7 million. In the third quarter of 2021, Lowell’s adjusted EBITDA was minus $5.2 million. The company launched a limited edition Hash Wrap at the Hall of Flowers trade fair in September. LOWLF shares closed at $0.30 on January 5thy The trading day is down 10.31%. The stock is now trading in a 52-week price range between $0.285 and $2,149, down 76.34% in the past six months.
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Top Penny Marijuana Stocks to Watch Now in 2022 debuted on Marijuana Stocks | Cannabis investments and news. The roots of an emerging industry. (TM).
COMTEX_400136342 / 2683 / 2022-01-06 T10: 01: 15
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