Early this morning, CanninBot discovered a profitable trade opportunity with New York-based Ayr Wellness (AYRWF). In fact, within the first few hours of trading today, AYRWF has continued the uptrend in gains. But why is Ayr Wellness a top marijuana stock for August?
What is Ayr Wellness?
Ayr Wellness is a growing vertically integrated, U.S. multi-state cannabis operator (MSO), focusing on high-growth densely-populated legal cannabis markets. With cannabis operations in Massachusetts and Nevada and recent entry into Pennsylvania, Ohio and Arizona through acquisitions.
Ayr cultivates and manufactures cannabis products for distribution through its network. The company continues to expand and has recently entered the Florida marijuana market through the acquisition of Liberty Health Sciences.
We like Ayr Wellness stock as the company is one of the most profitable MSOs (multi-state operators) in the USA. Although they are not the largest MSO, and currently operating in 6 states, the company has big plans to expand. Ayr also has a substantial market share in densely populated markets such as Massachusetts.
How did CanninBot Identify this Trade Opportunity with Ayr Wellness Stock Today?
CanninBot uses several proprietary machine learning algorithms to evaluate 450 cannabis stocks based on the 10 best technical indicators. In fact, this is exactly how we identified this trading opportunity with AYRWF stock.
From this data, our subscribers receive a daily CanninBot score with the top 20 cannabis stocks for that specific day. Sign up for your free week now and you’ll receive daily alerts with a ranking for the 20 strongest stocks, for that specific day, allowing you the best opportunity to make serious potential gains like the gains we’ve seen from Ayr Wellness today.
Should I Buy AYRWF Stock?
In the last 3 months, AYRWF stock has been gaining trading momentum but also showing signs of volatility. However, since July, AYRWF stock has been on an upward trend – gaining about 5%. To note, AYRWF did experience a slight correction in June but we believe this stock is gaining momentum once again. But is Ayr Wellness a top marijuana stock for August? Keep an eye on AYRWF for now but we wouldn’t be surprised if this marijuana stock continues on an upward trend.
Ayr Wellness – Top Marijuana Stock for August?
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