Marijuana Tech Stocks What Do You Know About Them?
Marijuana stock investors are working to build better trading strategies. This year holds great promise for the future of the cannabis sector. Since the legal industry began to rise several years ago growth and progress have not been an easy road. Still, there have been various aspects to the publicly traded side of the cannabis industry. Many companies have been working hard during this time to be the dominant front runners. With more progress, a company has better odds of seeing increased momentum.
Right now many people who invest in marijuana stocks want to see stronger consistency. The way most cannabis stocks have performed over the last year has been tough. Although 2022 was a time to find marijuana stocks to buy with the amount of heavy volatility. To be fair February has shown a slight rise in the level of volatile trading since the start of 2023. Nevertheless there are many things to keep an eye on this year which could help deliver consistency for marijuana stocks. Just make sure you do your homework and create an investment strategy. The companies below are a few marijuana stocks to watch in the market.
Top Marijuana Stocks To Watch 2023
- WM Technology, Inc. (NASDAQ:MAPS)
- Leafly Holdings, Inc. (NASDAQ:LFLY)
WM Technology, Inc.
WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. Back in January the company announced its participation at the ICR conference. 
Also prior to this release WM Technology announced a CEO transistion plan and significant board enhancements. Kaleyra founder and CEO Dario Calogero to transition to the company’s Chief Strategy Officer upon the appointment of his successor as CEO. Board has engaged independent executive search firm to assist with the CEO search process
[Read More] Are Canadian Marijuana Stocks A Buy Mid-February?
Words From The Board
Dr. Avi Katz, Chairman of Kaleyra’s Board, commented, “On behalf of the Board, I would like to thank Dario for his many years of service to the Company as CEO. Under his leadership, Kaleyra has grown from a small start-up to a leading global ‘Communications Platform as a Service’ (“CPaaS”) business with over 600 exceptional employees and 3,000 valued customers and business partners worldwide.
[Read More] What Will We See In The Cannabis Industry 2023
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. Back in November, the company reported its Q3 2022 financial earnings.
Third Quarter 2022 Financial Results
- Total revenue was $11.8 million, up 8.1% over Q3 2021
- Gross margin was 87.1%, compared to 88.4% in Q3 2021
- Total operating expense was $16.3 million, up 21.0% over $13.5 million in Q3 2021, and down 16.3% from Q2 2022
- Net income was $15.5 million, and included $22.3 million of gains on derivative liabilities, due to fair value accounting, compared to net loss of $4.5 million in Q3 2021
- Adjusted EBITDA loss was $5.2 million, compared to Adjusted EBITDA loss of $3.6 million in Q3 2021
- Ended the quarter with $27.8 million of cash, after repurchasing over 3 million shares of our common stock using $31.3 million of restricted cash
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
