LFLY - Close Out The Week With These Marijuana Stocks
2024-03-08 09:20:51 ET
Top Marijuana Stock For You Today
The cannabis industry over the last several years has seen tremendous growth. Many companies through ups and downs are seeing stronger sales. Recently companies have been reporting their earnings and the profits are high for most. This success has helped drive some much-needed moments into the stock market for certain marijuana stocks. Often when the news is impactful enough it can help how some cannabis stocks perform.
Nonetheless, with all that is going on in legal cannabis, more people want to find a way in. What has been the easiest way to do so is to find the best marijuana stocks to buy. Now before you begin this process you need to learn about marijuana stocks . Much of the pot stocks in the sector trade with high levels of volatility. Especially with no federal reform in place, any legal issues create a downtrend for the sector.
Still, there is much anticipation for what is to come as the progress of legal cannabis is still growing. 2024 comes with a large amount of speculation as it’s an election year. What this means is we may see some campaign promises to help cannabis. News has the potential to trigger a run for the cannabis sector. Nothing is for certain but being prepared and having a trade plan can be a big help. Below are several marijuana stocks to watch for better trading in 2024.
Top Marijuana Stocks For Your Watchlist 2024
- WM Technology, Inc. ( NASDAQ:MAPS )
- Leafly Holdings, Inc. ( NASDAQ:LFLY )
- IM Cannabis Corp. ( NASDAQ:IMCC )
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 and internationally.
It has been some time since the company has last released any news. Yet back in December, the company released its Q3 2023 earnings.
2023 Third Quarter Highlights
- Revenue was $47.7 million as compared to $50.5 million in the third quarter of 2022 (“prior year period”).
- Average monthly paying clients(1) was 5,414, as compared to 5,576 from the prior year period.
- Average monthly revenue per paying client(2) was $2,938, as compared to $3,019 from the prior year period.
- Net loss was $2.5 million as compared to net loss of $10.5 million from the prior year period.
- Adjusted EBITDA(3) was $10.7 million as compared to $(9.6) million from the prior year period.
- Basic and diluted net loss per share were both $0.02 based on 93.7 million of
- Class A Common Stock weighted average basic and diluted shares outstanding, respectively.
- Total shares outstanding across Class A and Class V Common Stock were 149.4 million as of September 30, 2023.
- Cash totaled $27.7 million as of September 30, 2023, with no debt.
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 is preparing to release its Q4 and fiscal 2023 results.
So Leafly Holdings, Inc. has chosen March 28th as the date to report this information. 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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IM Cannabis Corp.
IM Cannabis Corp. engages in the breeding, growing, and supply of medical cannabis products in Israel and Germany. Recently the company announced a possible reverse merger with Kadimastem.
The company works in the area of clinical cell therapy. The parties will complete a business combination that will constitute a reverse merger into the Company by Kadimastem.
[Read More] Cultivating Growth: Top U.S. Marijuana Stocks for March 2024
Words From The Company
“Kadimastem’s strategic decision to pursue a NASDAQ listing underscores our commitment to maximizing the potential of our diabetes and ALS product candidates,” said Ronen Twito, Kadimastem’s Executive Chairman of the Board.”