Top US Cannabis Stocks To Buy? 2 To Watch This Week

Here is How Marijuana Stocks React To News On Reform

Some marijuana stocks are continuing their volatile fluctuation in the market. As many know the uncertainty of laws and better regulations create the bulk of the volatile trading. Still, there has been a great deal of success both in and out of the stock market. Now with some pot stocks taking a slight downtrend, this could be a time to invest. When there is a price drop this is where many would begin looking for the best marijuana stocks to buy. When a volatile downtrend occurs you can never be too sure when the next uptrend will be.

That is why taking advantage of any pullback could be profitable in the future. Especially with more companies reporting quarterly earnings which has played a small role in recent momentum. In more sector news, there has been a big focus on the upcoming DEA choice alongside other politicians to lower cannabis from a Schedule 1 to Class 3 narcotic.

People have mixed feelings about the outcome and what impact it ultimately will have. Nevertheless, the cannabis industry has come too far to be shut down. It is only a matter of time before the legal framework is set in place that is in favor of legal operators. Below are some marijuana stocks to watch for your 2024 cannabis investing.

Top Marijuana Stocks To Watch Today

  1. Leafly Holdings, Inc. (NASDAQ:LFLY)
  2. WM Technology, Inc. (NASDAQ:MAPS)
  3. Innovative Industrial Properties, Inc. (NYSE:IIPR)

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. Recently the company reported its Q1 2024 results. LEAFLY

Highlights And Keymentions Q1 2024

  • Revenue was $9.0 million, compared to $11.2 million in Q1 2023.
  • Retail revenue was $7.9 million, compared to $9.5 million in Q1 2023.
  • Brand revenue was $1.2 million, compared to $1.8 million in Q1 2023
  • Gross margin was 89%, an improvement over the Q1 2023 gross margin of 88%.
  • Total operating expense was $9.8 million, a 34% reduction from $14.9 million in
  • Q1 2023, reflecting operational rigor and continued focus on cost discipline.
  • Net loss was $2.4 million, compared to net loss of $5.4 million for Q1 2023.

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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 May 17th the company announced it had given a notification of delinquency with the Nasdaq. The Company was not in compliance with Nasdaq Listing Rule 5250(c)(1). As a result of the company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. Weedmaps_Logo_Kit_Primary_Mark_Teal_Text_Blk_Smile_3x

Plus a further delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023. The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company’s securities on Nasdaq.

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Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties. iipr

These properties are then leased to experienced, state-licensed operators for their regulated cannabis facilities. On May 8th the company released its Q1 2024 earnings.

Q1 2024 Highlights

  • Generated total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million.
  • Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $63.0 million and $56.4 million, respectively.
  • Paid a quarterly dividend of $1.82 per common share on April 15, 2024 to stockholders of record as of March 28, 2024.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 |
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