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Jan. 21, 2020, 12:40 p.m. EST

Marijuana Stocks See An Uptick In The Market

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Jan 21, 2020 (Marijuana Stocks via COMTEX) -- In the past year, we have seen a large number of ups and downs amongst pot stocks . Much of this is due to the common looming sentiment of uncertainty in the cannabis industry , but the other part is due to how young marijuana stocks are as a whole. In the past month, we have seen many of the most beaten-down pot stocks, begin to climb back up in value. There are several reasons as to why this could have occurred, but right now it is definitely time to watch marijuana stocks .

One of the main reasons why we have seen so many gains in the past month comes as several issues begin to settle down. Those issues include everything from supply worries in Canada, the black markets rise in the U.S., and high tax rates across many statewide markets. But like anything, these issues are beginning to be worked out as the public continues to reshape the future of the market.

Because of these changes are occurring, it seems as though those who were shorting pot stocks, have since turned the other way. It appears as though many believe that the future of marijuana stocks, is in a better position than ever before.

Now, this is not to say that we are completely out of the volatile waters, but it is definitely a start. It is worth noting that the industry still suffers from high amounts of uncertainty. This should serve as a reminder to always do the proper research before investing in a given pot stock.

Aphria ( APHA Stock Report ) was once the talk of the town. The company was reporting millions in sales which beat out the rest of the market. But, as most things do, the sales slowed down. The company only saw around 8% lost in its share price which is quite good considering the other major players in the industry.

The company has had some issues such as its CEO stepping down and issues surrounding several impending acquisitions. These, however, have begun to wind down as the company is beginning to see some brighter sentiment in the form of less short sellers of the stock. Moving forward, the company does remain an interesting pot stock to watch.

Aurora Cannabis ( ACB Stock Report ) is another one of the largest pot stocks in the whole of the industry. The company had its fair share of trouble, losing a substantial amount of its value during the past year of trading. This has resulted in the company having to slow down on some larger buildouts it was working on.

Moving forward, it looks like this company too has seen its number of short sellers on the decline. This means that investors could be waiting for some bullish movement to occur with Aurora Cannabis. For right now, it is a waiting game to see what moves are made next by the behemoth. But, it does remain an intriguing pot stock to watch for the near future.

The post Marijuana Stocks See An Uptick In The Market appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.(TM) .

COMTEX_360866744/2642/2020-01-21T12:39:51

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