The big catalysts moving the top marijuana stocks on my June watchlist are mergers.
But these stocks are also driving on earnings and hype about the upcoming conference.
Can the cash-strapped marijuana sector finally find profitability and legitimacy?
I’ll look and see…
But the area is certainly heating up. And that could mean a big move across all marijuana stocks.
This Month’s Watchlist is a Mixed Bag of Listed Stocks and My Favorites OTC. But Canadian marijuana stocks are the clear winners on the list.
And even though Tilray, Inc. (NASDAQ:TLRY), Canopy Growth Corporation (NASDAQ:CGC) and Aurora Cannabis Inc. (NASDAQ:ACB) didn’t make it onto my watchlist, I’ll keep a close eye on them as leaders in the field.
I’ll also keep an eye out for any federal news or rumors that could lead to major moves across the region.
Now, dig into my list of the top 10 marijuana stocks to watch in June and why…
Should You Trade Marijuana Stocks?
First of all, you should never blindly trade someone else’s choice. Not mine either.
You have to think about what stocks move, how they move, and what you can learn from these movements for future trades.
a new development is possible Catalyst for a spike.
But before you get too excited thinking you’ll get a Tesla of marijuana stocks… do yourself a favor and go back and Study history.
I’ve seen this kind of crazy action before… In 2018, marijuana stocks went crazy over the news that Canada legalized the recreational use of weed at the federal level. What happened almost immediately after the day of legalization came and went? All weed stocks crashed.
Some even jumped to new all-time lows.
So learn to trade these stocks. Do not invest in them for long term. Be ready to strike when a stock fits your pattern and strategy. Always stick to your trading plan and rules and never believe Publicity.
Here’s my list of marijuana stocks to watch in May 2021…
Top 10 Marijuana Stocks to Watch in June 2021
remember, it’s a watchlist. There is no guarantee that any of these stocks will fit your trading pattern or style. And if you blindly buy them hoping for the best, you’re on your own. It’s not like that watchlist Is for…
If this is your plan, I suggest you save your money and paper business Until you figure out a strategy that works for you.
Use my stock picks to understand the thought process behind creating a must-see list so you can work to create your own. Some of these shares are highly priced. You don’t have to trade them. Learn the top lessons here and then create your own watchlist.
Here’s my list of marijuana stocks to watch in May 2021…
Marijuana Stocks #1 To Watch: Cronos Group Inc. (NASDAQ: CRON)
CRON is a Canadian marijuana company that grows and sells cannabis, extracts and oils. It also develops hemp-derived supplements and cosmetics under several brands.
CRON hasn’t had any specific company news lately. but it was a big green day high volume on 28 May.
It’s a former multi-day runner, so it’s worth seeing the constant upside. Especially if it keeps on trading in high volumes.
#2 Marijuana Stocks to Watch: HEXO Corp. (NYSE:HEXO)
Hexo recently announced acquisition news that added some momentum to the entire sector. It’s also another Canadian marijuana stock.
In pre-market On 28 May, the company announced that it had entered into a “fixed share purchase agreement (“Share Purchase Agreement”) to acquire all outstanding shares of entities carrying on the business of Redecan, Canada’s largest privately owned licensed producer. logging in. “
Sebastian St. Louis, CEO and Co-Founder of Hexo, said, “As we set out to become the top three cannabis players in the Canadian adult-use market, with today’s announcement, we believe we have exceeded that objective of becoming No. 1 licensed manufacturer by recreational market share.
HEXO was also on last month’s watchlist spread over $7. Following the news, the stock gained momentum and broke above $7. Its potential multi-month breakout is now near the $7.55 level. I’ll watch it potentially continue higher.
(Past performance is not indicative of future results.)
#3 Marijuana Stocks to Watch: OrganiGram Holdings Inc. (NASDAQ:OGI)
Yes, another Canadian marijuana stock. OGI grows and sells cannabis and other products such as foods, beverages, extracts and oils.
On May 31, the company announced that Megan McCrae had been appointed as the new Senior Vice President of Marketing.
“Ms. McCrae is a cannabis industry veteran who most recently served as Chief Marketing Officer of Aphria Inc., where he oversaw the company’s brand and product strategy, including brand and portfolio management, consumer insights, innovation and digital strategy. led.
The stock is rising rapidly and is a former multi-day runner. I’ll watch the news for more raises.
Marijuana Stocks to Watch #4: The Green Organic Dutchman Holdings Limited (OTCQX: TGODF)
TGODF is yet another Canadian marijuana stock. It produces and sells organic marijuana, seeds, extracts, oils and topicals in Canada.
The company announced first-quarter financial results in the later hours on May 12.
Company CEO Sean Bowingdon said, “The improvement in our financials this quarter demonstrates how we are strengthening the foundation of TGOD by executing our turnaround plan. From generating earnings from underutilized assets to driving our organizational structure.” While streamlining and strengthening our balance sheet, our new leadership team is making great strides toward transforming TGOD into a profitable and agile organic cannabis producer.”
After the news, the stock had a red day. But then it consolidated and reversed. It is uptrending and the volume is increasing. If the momentum in the sector continues, I will look to continue this further.
#5 Marijuana Stocks to Watch: Sundial Growers Inc. (NASDAQ: SNDL)
SNDL produces and sells cannabis and vapes. And yes, it is a Canadian marijuana stock.
It is gradually moving upwards with the pace of the sector. But the meme stock rally that started in late May could also give a boost to it. SNDL previously ran alongside other reddit and meme stocks like ran GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC) in Feb.
The rally in these stocks could have added to the increased volumes of SNDL. The stock has more than a billion shares boat. But it also trades in high volumes. I want to see if the higher volume continues to potentially be a short squeeze.
#6 Marijuana Stocks to Watch: Charlottes Web Holdings, Inc. (OTCQX: CWBHF)
Charlottes Web Holdings, Inc. is an American marijuana company specializing in wellness products derived from cannabis.
The company released its first quarter financial result on 11 May. Like TGODF, the stock initially went down after earnings. But then it reversed and there were several green days in a row.
I would potentially watch CWBHF to continue higher. But note that this stock is traded at a lower volume than the others on my list.
#7 Marijuana stock to watch: Clever Holdings leaves Inc. (NASDAQ:CLVR)
CLVR is another US-based marijuana company. It produces and sells cannabinoid products in several countries.
On May 17, the company announced its first quarter financial result. On 27 May, it announced that the company would introduce management. Benzinga Cannabis Capital Conference June 3 at 1:35 p.m. Eastern.
This is another marijuana stock with several consecutive green days. I’ll watch for the stock’s response after the company’s presentation at the conference.
#8 Marijuana Stocks to Watch: KushCo Holdings, Inc. (OTCQX: KSHB)
KSHB is another American marijuana company. It originally announced its plans Merger with Greenlane Holdings, Inc. (NASDAQ:GNLN) as of March 31. Under the agreement, KSHB will become a wholly owned subsidiary of Greenlane.
On May 25, KSHB issued an update on the merger. It is expected to be completed in the third quarter of 2021.
KSHB CEO and Co-Founder Nick Kovacevich said, “We are excited to begin our work together and are beginning to realize the potential opportunities and proposed synergies provided by this transformative combination to help our growing industry grow. To accelerate and execute on significant market opportunities.”
I am looking for a potential breakout above $1 with KSHB high volume.
#9 Marijuana Stocks to Watch: Air Wellness Inc. (OTCQX: AYRWF)
AYRWF is an American marijuana company that operates in several states. It manufactures and sells marijuana extracts and other packaged products.
The company announced its first quarter financial result on 26 May.
It has a potentially multi-month spread Level set around $31.80. I will look for it to break but I want to trade it for more volume.
#10 Marijuana Stocks to Watch: Cresco Labs Inc. (OTCQX: CRLBF)
CRLBF is another American marijuana company. It grows and sells marijuana flowers and products such as vapes, edibles and extracts under several brands.
On May 27, the company announced its first quarter financial result.
The stock had two green days after the news. I will look to potentially continue higher and move up Resistance About $12.50.
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Conclusion: Should You Trade Marijuana Stocks?
When it comes to penny stock trading, volatility can be your friend. There’s a lot of volatility and hype in marijuana stocks right now, so they’re creating a lot of opportunities.
But that doesn’t mean you should trade any stock Area. You have to be diligent about your research and studies. Choose only the setups and patterns that work for you.
If you want to make the most of weed stock opportunities, you need to invest in your Education account first.
I share my 20+ years of experience trading penny stocks with traders new to my trading challenge. I want anyone who is dedicated to taking advantage of what I’ve learned – both the good and the bad.
If you are accepted (you have to apply and I only accept dedicated merchants), you will have access to tons of video lessonsLive Trading and Q&A Webinars. Plus, you can get trading commentary from me and top traders and moderators in my Challenge chat room.
I purposefully a. do business with small account So I can be on the same level as new traders. I also show every single trade publicly so that I can use each trade as a lesson.
But don’t apply if you want to get rich quick. That’s not what I teach. Trading is not easy. You have to study, work hard, and put in the time and dedication.
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What do you think about these marijuana stocks watching? Are any of these tickers on your watch list? Let me know in the comments, I love hearing from you!
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.