LFLY - 3 Marijuana Stocks To Watch To Close Out The Week
Top Marijuana Stocks To Buy Right Now?
The way marijuana stocks are trading is bringing a bit of frustration and opportunity to investors. To start the difficult part of having a sector with inconsistent trading is knowing when you should take profits. With the level of volatile trading at times knowing when to sell can be tricky. Part of this is due to people thinking even when a decline happens a recovery will follow. The upside to this is when there is a drop in trading it also allows a chance to find top marijuana stocks to buy.
But once investors take up a position it’s the waiting game for most. Still, it’s early in the year and things have just begun. More companies are soon to report earnings which have the power to potentially increase the trading momentum. Now the bigger issues are focused on legislation specifically federal reform. This issue is one of the last hurdles for the cannabis industry to overcome.
Right now many feel cannabis banking reform needs to initially pass for federal legalization to follow. As history has shown positive news on the matter has led to better all-round trading. Even though it’s short-lived it’s a chance to take some profits. So you are looking to invest in legal cannabis below are several marijuana stocks to watch .
Marijuana Stocks To Watch Right Now
- Leafly Holdings, Inc. ( NASDAQ:LFLY )
- WM Technology, Inc. ( NASDAQ:MAPS )
- IM Cannabis Corp. ( NASDAQ:IMCC )
Leafly Holdings, Inc.
Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. In recent news, the company announced it will report its Q4 and fiscal year 2022 results on March 16th.
On that day Leafly will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the Company’s financial results.
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WM Technology, Inc.
WM Technology, Inc. provides e-commerce and compliance software solutions to retailers and brands in the cannabis market in the United States, Canada, and internationally. Recently the company announced it will report its 2022 financial results and conference call.
Management will host a conference call and webcast to discuss the Company’s financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the Q4 call will be available at ir.weedmaps.com by the end of the day on March 17.
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IM Cannabis Corp.
IM Cannabis Corp. engages in the breeding, growing, and supply of medical cannabis products in Israel, Germany, and Canada. Back on February 16th IM Cannabis closes an additional tranche of LIFE offers. An aggregate of 505,798 Units at a price of US$1.25 per Unit for aggregate proceeds of US$632,247.50 was issued and sold under the fifth tranche of the LIFE Offering.
In addition, a non-independent director of the Company subscribed for 29,548 Units at an aggregate subscription price of US$36,935. The director’s subscription price was satisfied by the settlement of US$36,935 in debt owed by the Company to the director for certain consulting services previously rendered by the director to the Company.