Many marijuana stocks are starting to see a longer sustained period of better trading. As some analysts predicted May would come with an uptick in trading. Yet they just didn’t know it would be the last week of the month. As the saying goes better late than never especially when it comes to seeing a return on one’s investment. Many shareholders and investors have been waiting to see a sustained time frame of upward trading. However, even with more cannabis stocks starting to recover the hope is there won’t be a drop in June.
Much of this caution in regards to another downtrend is due to the long drop in trading since back in February. Since that time marijuana stocks have been fighting to reach higher market levels. Yet due to many factors beyond just volatility, the bulk of marijuana stocks were not able to see a full recovery. Now in the last 3 months, small windows of upward trading did happen. Unfortunately, these increases in trading did not last long nor did they rise significantly. Furthermore, even when the sector was crashing cannabis companies were still putting numbers on the board.
For example over the last 3 months, companies like Trulieve Cannabis Corp. and Tilray Inc. have both expanded their operation through mergers and acquisitions. This helped grow both companies in business and presence in the cannabis industry. What makes these deals so special is it all happened as the publicly traded side of the…
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Many marijuana stocks are starting to see a longer sustained period of better trading. As some analysts predicted May would come with an uptick in trading. Yet they just didn’t know it would be the last week of the month. As the saying goes better late than never especially when it comes to seeing a return on one’s investment. Many shareholders and investors have been waiting to see a sustained time frame of upward trading. However, even with more cannabis stocks starting to recover the hope is there won’t be a drop in June.
Much of this caution in regards to another downtrend is due to the long drop in trading since back in February. Since that time marijuana stocks have been fighting to reach higher market levels. Yet due to many factors beyond just volatility, the bulk of marijuana stocks were not able to see a full recovery. Now in the last 3 months, small windows of upward trading did happen. Unfortunately, these increases in trading did not last long nor did they rise significantly. Furthermore, even when the sector was crashing cannabis companies were still putting numbers on the board.
For example over the last 3 months, companies like Trulieve Cannabis Corp. and Tilray Inc. have both expanded their operation through mergers and acquisitions. This helped grow both companies in business and presence in the cannabis industry. What makes these deals so special is it all happened as the publicly traded side of the…
