CORAL GABLES, FL / ACCESSWIRE / January 8, 2019 / The beginning of the new year has already gotten off to a swift start for growth in the marijuana industry. The top players in the industry saw huge boosts this past year, which could spell out a true first-mover advantage as we head straight into the new year. With the increase and capital and the 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), Emerald Health Therapeutics Inc (EMHTF), Tilray Inc (TLRY), and HEXO Corp (OTC PINK: HYYDF) (HEXO.TO) represent 4 pot stocks that are heating up on Tuesday.
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 initiatives 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."
Emerald Health Therapeutics Inc (EMHTF) announced in early December that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, received from Health Canada the fifth amendment to its cultivation license for its 1.1 million square foot greenhouse in Delta, BC. With an added approx. 137,000 square feet, the total licensed cannabis production area is approx. 687,000 square feet.
Dr. Avtar Dhillon, Executive Chairman and President of Emerald, said, "Pure Sunfarms is already one of the largest licensed cannabis production facilities in the industry, and we expect completion of the conversion in Q1. With deep cannabis and large-scale greenhouse-growing expertise, established operational systems, and multiple cannabis strains being grown, Pure Sunfarms is achieving industry-leading quality and yields in line with our expectations. We expect this facility to be in full production in the first half of 2019, and aim for it to be one of the best cannabis production operations in the industry."
Tilray Inc (TLRY), a global pioneer in production, research, and distribution of medicinal cannabis, announced in mid-December that its wholly owned subsidiary, Tilray Canada Ltd, had entered into a global framework agreement to collaborate with Sandoz AG, a global leader in generic pharmaceuticals and biosimilars and a part of Novartis group, to increase availability of high-quality medical cannabis products across the world.
In response to the agreement, Brendan Kennedy, Tilray's Chief Executive officer, said, "This agreement represents a major milestone in the movement to provide access to safe, GMP-certified medical cannabis to patients in need across the world. Tilray is a global company and we're thrilled to build upon the success and momentum from our existing agreement with Sandoz Canada by taking our partnership global. Sandoz AG will be a valuable partner as we work together to improve access to the highest quality medical cannabis products in countries all over the world."
HEXO Corp (OTC PINK: HYYDF) (HEXO.TO) made headlines at the tail-end of December when the company announced that they recently reached a construction and licensing milestone with the first phase of their 1 million sq. ft. greenhouse expansion. The expansion is ready and licensed on time and on a budget for plants to move in.
According to a press release regarding the expansion, Sebastien St. Louis, HEXO Corp's CEO and co-founder, said, "Receiving initial licensing on our 1,000,000 sq. ft. the facility is a huge accomplishment for the entire HEXO team. We are proud that the construction project is hitting all its milestones while respecting aggressive timelines and staying on budget. The new production facility allows us to continue to scale-up which, once fully operational, will give customers across Canada access to HEXO products. Our team has been hard at work for the past couple of months nurturing new mother plants and preparing cuttings. We will start moving plants into the new facility with the pre-prepared mother plants and cuttings in alignment with our continuous harvest methodology."
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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.