3 marijuana tech stocks to watch this month

Are These 3 Marijuana Stocks On Your June Watch List

With marijuana stocks still showing volatile movement, now may be the time to buy. The current state of the cannabis industry is more fast buying and selling. Specifically over the past few months, when a marijuana stock experiences a spike in trading, it mostly happens for a short time. From this volatile behavior, some can capitalize on these quick trades and others cannot. For marijuana stock investors who are unable to execute as quickly, they must wait for longer trade increases. Right now, the sector is in a choppy trend, but some believe that with the right catalyst, the bullish trades could last longer.


Marijuanastocks.com – MarijuanaStocks

Many cannabis companies throughout May reported Q1 2022 results that were mostly strong financials. It helped to see sustained exchanges. Yet eventually most marijuana stocks started to decline again. Now outside of the market there is a lot of progress and progress in the cannabis industry. For example, several MSO cannabis companies continue to open new dispensaries and expand their operations. This creates more opportunities and the possibility of seeing an increase in income.

Focus on good marijuana stocks

With more cannabis companies showing success in the market, this leads to speculation about what might happen in the future. So with some of the companies out there, it gives people a chance to find the best marijuana stocks to buy. Just be sure to do your research beforehand so you can find cannabis stocks with the least amount of risk. The cannabis companies below are several marijuana stocks to watch this month.

The Best Marijuana Stocks to Watch Right Now

  1. Leafly Holdings, Inc. (NASDAQ:LFLY)
  2. WM Technology, Inc. (NASDAQ: MAPS)
  3. Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM)

Leafly Holdings, Inc.

Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and authorized retailers. Over the past few weeks, the company has made some significant updates. On May 17, Leafly announced the launch of its online delivery service in California. In addition to other legal states of delivery. Californians 21 and older will now be able to combine Leafly’s unrivaled strain database. SHEET

Which would allow people to browse, buy and have cannabis delivered right to their doorstep. Next, the company announced that it would be presenting at the Jefferies Cannabis Summit which took place on Thursday, June 2, 2022. Since the last week of May, LFLY shares have begun to see a substantial increase in trading. Even with a slight drop in early June, currently that marijuana stock is starting to climb again.

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, Canada and internationally. The Company offers the Weedmaps Marketplace which allows cannabis users to search and browse cannabis products from retailers and brands.

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In recent news, the company announced that it will be participating in the Jefferies 2022 Cannabis Summit and the cross-industry Stifel 2022 conference.
Conference time and dates

Jefferies Cannabis Summit 2022
On Thursday, June 2, 2022, WM Technology will host institutional investor meetings at the Jefferies 2022 Cannabis Summit.

Stifel 2022 Cross Sector Analysis Conference
On Thursday, June 9, 2022 at 10:20 a.m. EST, WM Technology management will host a fireside chat for institutional investors at the Stifel 2022 Cross Sector Insight Conference. The company will also organize meetings of institutional investors.

[Read More] The best marijuana stocks to buy? 3 US MSOs to watch in June

Hydrofarm Holdings Group, Inc.

Hydrofarm Holdings Group, Inc. and its subsidiaries are engaged in the manufacture and distribution of controlled environment agricultural equipment and supplies. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives. HYFM Stock

On May 10, the company released its first quarter 2022 results. During this time, the company was unable to report top earnings. Although in recent trades, HYMF shares have seen slight rises in the market. Hopefully with a new month this marijuana stock will continue to see strong trade.

Company statistics for the first quarter of 2022

  • Net sales were flat at $111.4 million.
  • Gross profit decreased to $16.6 million from $23.2 million. Adjusted
  • Gross profit(1)(2) was $22.3 million compared to $23.4 million.
  • Net loss was ($23.3) million, or a loss of ($0.52) per diluted share, compared to net income of $4.9 million, or $0.13 per share diluted.
  • Adjusted net loss(1)(2) was ($7.8) million, or ($0.17) per diluted share, compared to adjusted net loss
  • Earnings(1) of $7.2 million, or $0.18 per diluted share.
  • Adjusted EBITDA(1)(2) decreased to $3.1 million from $9.9 million.
  • The Company recorded an inventory reserve of $3.2 million during the quarter, which was not treated as an adjustment.

[Read More] The Best Marijuana Stocks to Watch Right Now in June

Investing and Trading Marijuana Stocks in 2022

As marijuana stocks experience more volatile trading, this can lead to more people being able to make quick exits. If investors can do this, it can lead to seeing more profits, even if they are lower than they could be. Any return is better than no return or just break even in my opinion. Many believe that once cannabis prohibition ends, it will spark a race for the industry. It’s not set in stone, just an idea of ​​what might happen and history has shown that any positive news on the subject leads to better trading. Some marijuana stocks may offer more value than others, so keeping an eye on the market is crucial. You want to put yourself in a position to see the best result from your investments, whether short or long term. That said, investing in marijuana stocks in 2022 could be a boon to your current portfolio.

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