Top Marijuana Stocks For Your Watch List 2023
The cannabis industry has been experiencing significant growth over the past few years, with more and more countries and states legalizing the use of marijuana for medical and recreational purposes. This growth has led to an increase in the number of companies operating in the industry. Which has created investment opportunities for those looking to marijuana stocks to buy. Now before one begins to invest in the cannabis sector there are several factors to consider.
When investing in the best marijuana stocks, it is important to consider the risks involved. For instance regulatory changes, market volatility, and the possibility of companies running into more obstacles. It is also important to research the companies you are considering investing in, including how they perform financially, their management team, and their growth potential.
Additionally, it is important to keep in mind that investing in cannabis stocks always carries a certain level of risk and it is important to consider your investment goals. Plus your risk tolerance, and financial situation before making any investment decisions. But with how volatile the sector has been it could be the chance to find your way into cannabis investing. The companies below are several marijuana stocks to watch heading into April.
Top Marijuana Stocks 2023
- Fire & Flower Holdings Corp. (OTC:FFLWF)
- Red White & Bloom Brands Inc. (OTC:RWBYF)
- TILT Holdings Inc. (OTC:TLLTF)
Fire & Flower Holdings Corp.
Fire & Flower Holdings Corp. operates as an independent cannabis retailer in Canada and the United States. In recent news, the company released it will report its 2022 fiscal year and fourth quarter financial results.
The company will release its financial and operational results before financial markets open on March 28, 2023. Also in recent news Fire & Flower Holdings Corp. expands its market presence in Winnipeg to five cannabis retail store locations.
Words From The Company
“The Sports, Hospitality and Entertainment District (SHED) is the focal point of the revitalization of Winnipeg’s downtown, and we are very pleased to open our fifth store in Winnipeg and eighth store in the province of Manitoba in this area,” shared Stéphane Trudel, Chief Executive Officer of Fire & Flower.
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Red White & Bloom Brands Inc.
Red White & Bloom Brands Inc. engages in the cultivation and retail of cannabis products primarily in Michigan, California, Florida, and Oklahoma. The company is headquartered in Vancouver, Canada. On March 16th the company announced the appointment of Edoardo Mattei as CFO and corporate secretary.
Effective March 15, 2023, subject to the aforementioned regulatory approval, Eddie will assume the role of Chief Financial Officer. As well he will also be appointed the Company’s Corporate Secretary. Eddie will be based at the Company’s headquarters in Toronto, Ontario.
TILT Holdings Inc.
TILT Holdings Inc. operates in the cannabis industry in the United States, Canada, Israel, Mexico, South America, and the European Union.
It operates through Cannabis, Accessories, and Other segments. On March 16th the company reported its Q4 and full 2022 results.
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Q4 2022 Financial Summary
- Revenue was $44.3 million in the three months ended December 31, 2022, compared to $54.1 million in the prior year period.
- Gross profit was $8.3 million in the three months ended December 31, 2022, or approximately 19% of revenue.
- Net loss was $73.1 million in the three months ended December 31, 2022, compared to a net loss of $20.1 million in the prior year period.
- Adjusted EBITDA (non-GAAP) was $(0.4) million in the three months ended December 31, 2022, compared to $4.5 million in the prior year period.
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