These pot companies are prioritizing what’s essential to stay afloat during a pandemic.
What’s essential for businesses when a crisis like the COVID-19 pandemic hits is to keep operating and try to make it out of the crisis without running out of money. Almost all the sectors are tumbling, with many companies facing the prospect of bankruptcy.
In most places, the marijuana industry was deemed essential amid widespread lockdowns — which is why revenue is pouring in for the sector. While some pot stocks are shining — namely the U.S. cannabis companies — others are still recovering from their losses from 2019. Then, there are Cronos Group (NASDAQ:CRON) and Aphria (NASDAQ:APHA), which are focused on staying afloat with their strong balance sheets.
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