Will These Marijuana Stocks Survive In The Market?
As May continues to be a volatile time some marijuana stocks have started to build up more market momentum. At the start of May, some investors continued to grow with doubt as cannabis stocks were a bit slow to rise in trading. The first week of the month most marijuana stocks continued to lose momentum like the months before. Now during the second week of May, the sector displayed a bit more volatility.
Meaning that during that time shares of certain marijuana stocks started to climb but eventually fell back down. Now with cannabis stocks moving back up in the market investors who bought the dip will soon see a nice return. Yet this only holds true if the sector continues to rise. During the 2nd week of February, marijuana stocks began to fall. This drop-in trading presented a solid opportunity for those looking for the best marijuana stocks to buy.
On Monday,
Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced it s purchasing
Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HRVSF) for roughly $2.1 billion in stock. Harvest shareholders will own roughly 26.7% of Trulieve s issued and outstanding pro forma shares on a fully diluted basis.
Commenting on the deal, Debra Borchardt, CEO of Green Market Report, told Benzinga, “The acquisition is likely to come with its fair share of headaches. Harvest Health has a mountain of debt and lots of lawsuits over various deals. Still Trulieve is certainly on a quest to become a nationwide company and this will certainly help pave the way.”
TILT Holdings Inc. (CSE:TILT) (OTCQX:TLLTF), a global provider of cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that current President Gary Santo will be appointed as the company’s new CEO, effective June 1, 2021.
Current CEO Mark Scatterday will continue to serve as chairman of the Board. He will also serve as a special advisor to TILT’s research and development team as they continue to create new technology and product innovations.
“To be appointed as the CEO of such an innovative company with an incredibly talented team is truly an honor. TILT was given the opportunity for a second act, something truly rare in this space. Our proven commitment to value creation by divesting unprofitable business segments and focusing on how best to serve consumers, MSOs, licensed producers and cannabis brands has led to a strong growth outlook for 2021, which has us nearly doubling adju
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During the Benzinga Global Small-Cap Conference on Thursday morning, cannabis CEOs discussed the markets and their companies prospects.
Check out presentations by:
11:30 AM - TILT Holdings (OTC: TLLTF) - Gary Santo, President
11:50 AM - Gage Cannabis (CNSX: GAGE) - Fabian Monaco, CEO &. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: