These 3 Top Marijuana Stocks Could Be The Best Investment
When looking for the best marijuana stocks there are several steps to take. First, you should always look at what’s going on in the sector. Learn about what companies are doing what is impacting the sector and how it performs. Much of the cannabis sector can be easily impacted depending on the reason. For instance, if there is company news about a new product or partnership this can be a means to see an increase in momentum. As well when there is news on reform regarding cannabis it can be a big market mover.
Right now many are preparing for the future and looking for the top marijuana stocks to buy. That is why the more you can learn the better you can adjust your trading style to see profits. Most marijuana stocks have unpredictable trading patterns and this has made it tough for some. Unlike another sector where trading patterns can be easier to tell marijuana stocks are not like that. It is best to have a game plan and be able to adjust this plan as things change.
This is why a volatile sector like marijuana stocks has some not as intriguing as others. Still, the cannabis sector is young and growing day by day and some feel it’s worth investing. Make sure you do your research and create a strategy that gives you the best chances to make money. The companies below are several marijuana stocks to watch in today’s stock market.
Top Marijuana Stocks In Today’s Market
- Red White & Bloom Brands Inc. (OTC:RWBYF)
- StateHouse Holdings Inc. (OTC:STHZF)
- SLANG Worldwide Inc. (OTC:SLGWF)
Red White & Bloom Brands Inc.
Red White & Bloom Brands Inc. manufactures, processes, and distributes cannabis products and accessories primarily in Michigan, California, and Florida. 
The company operates through Retail and Distribution segments. Back in August the company reported its results for the three and six months ended on June 30th, 2023.
2023-Q2 Financial Highlights
- Revenues were $21.9 million for 2023-Q2 and $49.0 million for the first 6 months of fiscal 2023.
- Gross profit, before fair value adjustments, was $6.9 million for 2023-Q2 or 32% of 2023-Q2 revenues versus $4.8 million for the quarter ended June 30, 2022 (“2022-Q2”) or 18% of 2022-Q2 revenues.
- Operating expenses were $9.8 million for 2023-Q2 versus $13.3 million for 2022-Q2.
- Adjusted EBITDA(1) was $0.3 million for 2023-Q2 and $1.0 million for the first six months of fiscal 2023.
[Read More] Steps To Investing In Marijuana Stocks Today
StateHouse Holdings Inc.
StateHouse Holdings Inc. an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. In recent news, the company and Stinson Brands, Inc. entered into a strategic sales agency agreement.
Under the terms of the strategic sales agency agreement, StateHouse will begin selling Stinson Brands products through its sales team and in its Harborside and Urbn Leaf dispensaries across California. StateHouse will work with its valued distribution partner, Nabis, to develop this new line of business, and expects to expand into new product categories while growing Stinson’s well-known portfolio of brands including Kikoko.
[Read More] Top Marijuana Stocks To Watch In October 2023
SLANG Worldwide Inc.
SLANG Worldwide Inc. operates as a cannabis consumer packaged goods company in Canada and the United States. The company serves its customers under the O.pen, Alchemy Naturals, Ceres, and Firefly brand names. The company was formerly known as Fire Cannabis Inc. and changed its name to SLANG Worldwide Inc. in November 2018. SLANG Worldwide Inc. was incorporated in 2017 and is headquartered in Toronto, Canada. 
On September 22nd the company announced the issuance of equity incentives. The company has approved the grant of 3,236,640 incentive stock options to the independent directors of the Company. This was done to acquire common shares in the capital of SLANG. The Options are non-transferable and exercisable until September 22, 2028, at CAD$0.05 per Option.
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