Global Cannabis Applications Corp. ("GCAC" or the "Company") (CNSX:APP.CN) (FSE:2FA) (OTC:FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, announced that it used a percentage of the Company's quarterly revenues to buyback the GCAC token on Uniswap [1] as part of its marketing campaign aimed at the one million decentralized finance user community [2].

There's a very good chance that legal cannabis could be one of the decade's most impressive growth trends.

According to New Frontier Data, the U.S. weed market is on track to grow by an annualized average of 21% through 2025. This would place annual pot sales at north of $41 billion by mid-decade. Meanwhile, cannabis-focused analytics company BDSA expects Canadian weed sales to more than double from $2.6 billion to $6.4 billion between 2020 and 2026. There's plenty of room in these robust growth projections for certain marijuana stocks to thrive.

However, not all pot stocks are going to be winners. Among the veritable sea of fast-growing cannabis stocks are three that should be avoided like the plague in September.

When it comes to cannabis, most still conjure up the images of it being smoked. But a forward-thinking company called Rapid Dose Therapeutics Corp. (RDT) (CSE: DOSE, OTC Pink: RDTCF, Forum) has developed a proprietary, patent-pending system to help support the fastest growing segment of the medical and adult-use cannabis market, smoke-free alternatives. The edibles segment of this market alone is expected to record a 22.5% CAGR and dominate $9.2 billion of the $11.8 billion market.

Entourage Health Corp. (formerly WeedMD Inc.) (TSX-V:ENTG) (OTCQX:WDDMF) (FSE:4WE) (“Entourage” or the “Company”), a Canadian producer and distributor of award-winning cannabis products and brands, announced today that its subsidiary and licence holder WeedMD RX Inc. has signed agreements with BBCCC, Inc., a subsidiary of the The Boston Beer Company, Inc. (NYSE: SAM) (‘BBC’), and Ontario-based Peak Processing Solutions (‘Peak’), a subsidiary of Althea Group Holdings Ltd (ASX:AGH), to launch a new portfolio of non-alcoholic cannabis-infused beverages in Canada, with production commencing in Q4, 2021.

 The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”) and Citizen Stash Cannabis Corp. (“Citizen Stash”) (formerly Experion Holdings Ltd) (TSXV: CSC) (OTCQB: EXPFF) (FRANKFURT: MB31) are pleased to announce they have entered into an arrangement agreement (the “Agreement”) pursuant to which Valens will acquire all of the issued and outstanding common shares (the “Citizen Stash Common Shares”) of Citizen Stash by way of a court-approved plan of arrangement under the Canada Business Corporations Act, in an all share transaction (the “Acquisition” or the “Arrangement”). The transaction is valued at approximately $54.3 million on an enterprise value basis.

DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to announce that it has closed a transaction with 1884356 Alberta Ltd. (the “Vendor”) to acquire all or substantially all of the Vendor’s assets relating to the operation of two retail cannabis stores in Edmonton, Alberta (the “Transaction”). The acquisition was completed through the Company’s wholly-owned subsidiary, Delta 9 Cannabis Store Inc. pursuant to an asset purchase agreement between Delta 9 Cannabis Store Inc. and the Vendor dated July 9, 2021.

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) ("Nextleaf", "OILS", or the "Company"), a federally regulated cannabis oil producer that owns one of the largest portfolios of U.S. patents for the extraction, distillation, and delivery of cannabinoids, released restated Q3 financials today. Subsequent to the filing of the financial statements and management's discussion and analysis for the three and nine month period ended June 30, 2021, the Company identified calculation and input errors which have been corrected in the amended and restated financial statements and management's discussion and analysis. The Company notes that the restatement has minimal bearing on the historical and ongoing operating performance of the Company.

After more than two years of underperforming the markets, investors will be hoping for Canadian cannabis stocks to gain momentum by the end of 2021. A majority of marijuana players in Canada were hit by a slew of structural issues as well as the ongoing pandemic in addition to constant equity capital raises that diluted shareholder wealth significantly.

Several cannabis producers are looking to narrow their losses by focusing on supply chain improvements as well as selling high-margin products. Here, we compare HEXO (TSX:HEXO)(NYSE:HEXO) and Sundial (NASDAQ:SNDL) to see which is a better stock to buy right now.