CORAL GABLES, FL / ACCESSWIRE / January 9, 2019 / The marijuana industry has been anything but safe over the course of the past year to two years, during the course of which top players in the industry saw huge boosts in investor interest. With the increase of capital and sheer amount of business entering the market, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. As marijuana has garnered more favorable public opinion, the industry, as well as the market, has responded positively, in turn. With the new year in full swing, Leafbuyer Technologies Inc (OTC:LBUY), Namaste Technologies Inc (NXTTF), Terra Tech Corp, and CannTrust Holdings Inc (OTC PINK: CNTTF) (TRST) are 4 pot stocks that could make moves on Wednesday.
Leafbuyer Technologies Inc (OTC:LBUY) is a company you may not have heard of, but could greatly benefit from looking into. The Company has been referred to as the ''Priceline of Pot''by several sources, and similarly to the site which provides travel deals, Leafbuyer is the most comprehensive online source for cannabis deals and specials.
Leafbuyer Technologies Inc (OTC:LBUY) announced on Monday that it launched Phase One of its multiple phase blockchain initiative on December 20, 2018. This first phase integrates with the Company's loyalty platform, Leafbuyer Loyalty. The launch will eventually allow cannabis consumers to use blockchain technology to complete monetary transactions with dispensaries and product companies. According to the announcement, within Leafbuyer Loyalty, customers will be able to choose to create their own blockchain wallet, and once this is completed, they will be able to track all transaction history, as well as check loyalty point balances.
Leafbuyer Technologies Inc (OTC:LBUY)'s CEO said, ''The sky is the limit with blockchain. The technology will help shape the cannabis industry and open doors to new revenue possibilities for Leafbuyer. We want to offer the highest level of transparency with customers, and blockchain will help us accomplish this goal."
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Namaste Technologies Inc (NXTTF) announced, in mid-December, that it had entered into a share purchase agreement to acquire common shares in Pineapple Express Delivery Inc and an affiliated entity, representing an additional 34% equity in exchange for such number of common shares of Namaste having an aggregate value of approximately $3.06 million.
Following this announcement, Sean Dollinger, President, and CEO of Namaste said, "We're pleased to announce adding to our position in Pineapple Express, an innovative company with a strong management team focused on providing exceptional service. We are now offering same-day delivery services in Toronto through Pineapple Express and are looking forward to their expansion throughout Canada. We believe strategic investments in technology and service companies like Pineapple Express will drive innovation and provide long-term value for the Company. I'm also personally looking forward to joining Pineapple Express' board of directors and in offering value to their team."
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Terra Tech Corp (TRTC), a vertically integrated cannabis-focused agriculture company, announced early last week that Mayor Pauline Cutter of San Leandro, CA will speak at the Company's grand opening of its Blum San Leandro medical cannabis dispensary. Per the announcement, the ceremony will take place on January 11th, 2019.
Derek Peterson, Chief Executive Officer of Terra Tech, said, ''San Leandro will be a great location for Terra Tech's new medical cannabis dispensary as the city has proven to be an expanding hub of innovation and business. Having a dispensary up and running in San Leandro is the perfect way to start off 2019 by increasing Terra Tech's distribution channels in such a sought-after location.''
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CannTrust Holdings Inc (CNTTF) (TRST), one of Canada's leading cannabis producers, announced, in mid-December, that updates were made available to investors regarding the Company's expansion plans.
Michael Camplin, General Manager of CannTrust's Niagara operations, said, "We initially applied for 10 permits relating to the development of our Phase III expansion. We're still working with the municipality to have all those permits approved. We respect the Town of Pelham's process. We have multiple strategic alternatives available to us and we hope Pelham is one of them."
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Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. We own 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. For previous compensation and disclaimer information, click here.