4 Marijuana Stocks Expanding Across North America
CORAL GABLES, FL / ACCESSWIRE / November 19, 2018 / The broader stock market has seen increased volatility. China trade and the looming Russia medalling that continues to surround the White House have had a wild impact on markets. One industry that is not only used to volatility but one that is also seeing growing interest from investors has been the cannabis industry.
Slated as an expanding sector, marijuana stocks have had a long-standing role in the spotlight for its risqué impact on society. However, since Canada has gone fully legal, more people are opening up to the idea that this simple plant could be a great source of opportunity. According toArcview Market Research and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry is poised for explosive growth. Total expenditure on legal marijuana worldwide is expected to hit $57 billion by 2027. So as this market growth is seemingly nowhere near complete, here are 4 marijuana stocks to watch that could be aiming for a new high this week.
Leafbuyer Technologies (LBUY) announced today that its quarterly sales rose 67% in the quarter ending September 30, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.
"Our record growth this quarter is a function of our bolstered national expansion and the higher dollar value we are receiving for our bundled packages," said Mark Breen, COO of Leafbuyer. "We are seeing a high demand for our loyalty services as well as our customer acquisition platform. We expect to see a significant increase in revenue coming from loyalty and order ahead products from our cannabis dispensary customers."
This news comes just after Leafbuyer announced that it had submitted an application to list its common shares with the Canadian Securities Exchange. Already listed with OTC Markets, Leafbuyer looks to broaden its footprint into cannabis dispensaries and product operations across North America.
Similar to some of the larger cannabis companies, Leafbuyer has also been focusing on the acquisition trend within the industry. Earlier this month, Leafbuyer acquired Greenlight Technologies, a California-based application development company. Additionally, Leafbuyer inked a deal to provide a suite of services to Surterra Wellness. With eight locations in Florida, Surterra Wellness is one of the leading dispensary chains in the Sunshine State
During recent months, shares of Leafbuyer have traded as high as $2.40. Currently trading at a price of roughly $0.80, shares of the company have increased by more than 40% since lows in September.
For More Information On Leafbuyer Technologies, Click Here
KushCo Holdings, Inc. (KSHB) saw its shares rise on Monday. KushCo is the parent company of companies such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for a variety of industries including the regulated cannabis and CBD industries. This month the company announced that it has formed an exclusive partnership with JSP Portinox to facilitate the delivery of ultra-pure hydrocarbon gases and solvents in state-of-the-art stainless steel gas cylinders, through its Kush Energy division, which debuted at MJBizCon November 14-16, 2018 in Las Vegas, Nevada.
Kush Energy provides ultra-pure hydrocarbon gases and solvents to the cannabis industry, which are essential in the extraction process for products including oils, edibles and waxes. This investment in stainless-steel cylinders, which leave no residue and are significantly cleaner for the environment, delivers more effective hydrocarbons and solvents to KushCo's customers which can impact the purity and profitability of a cannabis company's product. Under the terms of the agreement with JSP Portinox, KushCo will have exclusivity on these specially designed stainless-steel cylinders.
Shares hit highs of $5.48 during the early opening hours of Monday's trading session.
For More Information On KushCo, Click Here
Acreage Holdings, Inc. (OTC PINK: ACRZF) (CSE:ACRG-U) recently went public on the Canadian exchange this month. Acreage completed a deal to go public that values the company at $2.8 billion and installs former House Speaker John Boehner and former Massachusetts Gov. Bill Weld on the board.
Acreage Holdings raised $314 million from around 30 to 35 institutional investors as part of that deal. Boehner's appointment to Acreage's board makes him one of the most high-profile names from U.S. politics to join a cannabis company's board. Boehner was once against cannabis legalization, arguing it would lead to other drug abuse.
Boehner in April tweeted that he was backing Acreage because his "thinking on cannabis has evolved," stating, "I'm convinced de-scheduling the drug is needed so we can do research, help our veterans, and reverse the opioid epidemic ravaging our communities."
Other members of the Acreage board include Douglas Maine (formerly of IBM), Brian Mulroney (former Canadian Prime Minister), and Larissa Herda (formerly of Time Warner).
Shares of Acreage have traded as high as USD$26.88 on Monday.
For More Information On Acreage Holdings, Click Here
GW Pharmaceuticals (GWPH) has found more volatility during recent trading sessions. Unfortunately on Monday, shares of the company traded lower during the first half of the session. The cannabis biotech stock hit lows of $127.32 just after 10AM EST.
Leerink initiated coverage of GW Pharmaceuticals PLC ADR early last Wednesday with an "outperform" rating and a price target of $185. "We like new epilepsy drugs," Leerink analyst Marc Goodman said, predicting blockbuster sales of the company's lead product, Epidiolex, which has been approved in the U.S. for seizures associated with two rare types of childhood epilepsy.
The analyst said that Sativex "receives minimal attention" but could bring in global sales of $340 million by the end of 2030.
For More Information On GW Pharmaceuticals, Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. 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 as well as 40,000 common restricted shares of Leafbuyer Technologies for a period of 30 days beginning November 1, 2018 and ending December 1, 2018. Midam was previously compensated $50,000 by Leafbuyer Technologies for a period of 30 days beginning September 24, 2018 and ending October 24, 2018. We own 77,000 free trading shares of Leafbuyer Technologies. MAPH ENTERPRISES LLC was previously compensated a total of $120,000 by a non affiliate third party, Full Service Media LLC, to publicly disseminate information about ( LBUY) including on the Website and other media including Facebook and Twitter, which has since expired.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. Please click here for full disclaimer
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