Top 3 Marijuana Stocks In The Month Of June
Investing in marijuana stocks over the years has gone from profitable to disappointing. Over the last several years much of the sector has been hit with a volatile downtrend that has not been able to see the turnaround it needs. A lot of people feel the upward consistency will finally come back once federal reform is established in the industry. The lack of better regulations and laws has contributed to volatile trading and has impacted investors’ confidence.
A good amount of people who want to find the best marijuana stocks to buy are fearful to do so. No one can be sure when the next recovery will happen. In addition to all the variables as to why the sector won’t trade up there are those who feel the future will be better. Once there are better federal laws in place and other regulatory concerns are eased it may help restore investors confidence.
However, for those who believe now is the time to invest the sector is at a low point where top companies have nice entry levels. What was once seen as short-term investing is now viewed as long-term. But like all investments time patience and thorough due diligence with a plan is what many are working on. The companies below are several marijuana stocks to watch for better trading in the rest of 2023.
Marijuana Stocks To Watch For Better Momentum
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- NewLake Capital Partners, Inc. (OTC:NLCP)
Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Back in May, the company reported its Q1 2023 earnings. 
Q1 2023 Highlights
- Generated total revenues of approximately $76.1 million in the quarter, representing an 18% increase from the prior year’s quarter.
- Recorded net income attributable to common stockholders of approximately $40.8 million for the quarter, or $1.43 per diluted share.
- Recorded adjusted funds from operations (AFFO) of approximately $63.4 million, or $2.25 per diluted share, increases of 18% and 10% from the prior year’s quarter, respectively.
- Paid a quarterly dividend of $1.80 per common share on April 14, 2023, to stockholders of record as of March 31, 2023, equal to an annualized dividend of $7.20 per share.
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AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medical and/or adult-use cannabis. On May 10th the company released its financial results for its first quarter 2023. 
Highlights and Key Mentions Q1 2023
- First quarter GAAP net income of $10.0 million or $0.49 per basic weighted average common share.
- Distributable Earnings(1) of $11.6 million or $0.57 per basic weighted average common share.
- Declared dividend of $0.56 per common share for the first quarter of 2023
Words From The Company
“Since mid-2022, given the market and interest rate volatility, AFC Gamma has taken a conservative view to deploy and manage our capital. During the first quarter of 2023 we maintained an ample level of liquidity, which we believe will prove valuable in this environment as we look to capitalize on investment opportunities as they arise,” said the Company’s Chairman and Chief Executive Officer, Leonard M. Tannenbaum.
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NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects.
In addition to participating in the June CannaVest East Institutional Capital Forum on May 10th, the company released its first quarter 2023 earnings.
First Quarter 2023 Key Mentions
- Revenue totaled $11.4 million as compared to $12.2 million, a decrease of 6.8% from the prior quarter.
- Net income attributable to common stockholders totaled $5.9 million, as compared to $6.7 million.
- Funds from operations-diluted(1) (“FFO”) totaled $9.5 million, as compared to $10.5 million, a decrease of 9.4% from the prior quarter.
- Adjusted funds from operations-diluted(1) (“AFFO”) totaled $9.9 million, as compared to $10.9 million, a decrease of 9.0% from the prior quarter.
- Cash and cash equivalents as of March 31, 2023, were $41.5 million, with $17.9 million committed to fund tenant improvements.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
