The Best 3 Marijuana Stocks To Watch September 2023
Marijuana stock investors are consistently on watch for a rise in trading. The cannabis sector is an area of the stock market with more volatile trading than others. What this means is that without warning the way a stock trades can change. Now this can be both positive and negative depending on who you are and how you feel about the legal cannabis market. Like any other stock, you want to find the lowest price point to take up a position.
But with cannabis stocks, there has been more of a downtrend than upward trading. Much of this has to do with the uncertainty of the what future holds for cannabis laws. Currently, there is an ongoing battle to pass some type of federal reform. If and when it does become law people feel this will rebuild the confidence of investors. Some investors feel with no federal reform that regulators may shut down the industry.
Those who are more optimistic feel the cannabis industry has made too much progress to turn back now. That is why finding top marijuana stocks to buy in preparation for the future is important. Just make sure you do your homework beforehand and learn all you can about the companies on your watchlist. The companies below are several marijuana stocks to watch this week.
Marijuana Stocks To Watch 2023
- WM Technology, Inc. (NASDAQ:MAPS)
- SNDL Inc. (NASDAQ:SNDL)
- Canopy Growth Corporation (NASDAQ:CGC)
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. On August 8th the company reported its Q2 2023 financial results. 
Q2 2023 Highlights
- Revenue was $50.9 million as compared to $58.3 million in the second quarter of 2022 (“prior year period”).
- Average monthly paying clients(1) was 5,609, as compared to 5,537 from the prior year period.
- The average monthly revenue per paying client(2) was $3,022, as compared to $3,509 from the prior year period.
- Net income was $2.0 million as compared to net income of $19.8 million from the prior year period.
- Adjusted EBITDA(3) was $10.2 million as compared to $(0.6) million from the prior year period.
- Basic and diluted net income per share were both $0.01 based on 92.9 million and 93.6 million of Class A Common Stock weighted average shares outstanding, respectively.
- Total shares outstanding across Class A and Class V Common Stock were 148.9 million as of June 30, 2023.
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SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. Recently the company and Nova cannabis extended an outside date for the closing of the strategic partnership. 
SNDL and Nova anticipate that the Transaction will close on or before September 30, 2023. Which is subject to the receipt of regulatory approval and the amendment to certain terms of the Transaction that are mutually satisfactory to SNDL and Nova.
Words From The Company
“SNDL and Nova recently participated in constructive discussions with the regulatory body responsible for final approval,” stated Marcie Kiziak, CEO of Nova. “The conversation was productive, and we are confident in the transaction’s timely progression.
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. 
Back on August 22nd, the company announced the addition of five new pre-roll flower product offerings from iconic brands Tweed, and 7ACRES. For the first time, from Canopy Growth’s medical cannabis company, Spectrum Therapeutics.
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Words From The President of CGC
“Our newest flower offerings combine the fresh flavors of summer with the convenience of a pre-roll, making them the perfect complement to any occasion,” said Dave Paterson, President, Canada, Canopy Growth.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
