CORAL GABLES, FL / ACCESSWIRE / January 3, 2019 / The marijuana industry has seen a huge boost this past year, which could spell out a true first-mover advantage as head straight into the new year. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, 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 market, and subsequently the industry has responded positively, in turn. With the new year in full swing, Leafbuyer Technologies Inc (LBUY), Cronos Group Inc (CRON), Aphria Inc (APHA), and Canopy Growth Corp (CGC) (WEED.TO) are 4 pot stocks that are sure to stir up excitement.
Leafbuyer Technologies Inc (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.
In mid-December, Leafbuyer Technologies Inc (LBUY) announced that, as part of a plan to strategic grow its immensely successful platform, the Company planned on integrating with five industry leading Point of Sale (POS) systems, including GreenBits, Adilas, Cova, MMJ Menu, and MJ Freeway. For those unfamiliar, POS systems allow dispensaries, across all markets, to track cannabis products from seed to sale and then conduct a transaction. The Company's decision to integrate optimal POS systems shows their dedication to improving the transnational components of the cannabis industry.
In mid-November, the Company announced that its quarterly sales rose 67%, indicating record growth as a result of their bolstered national expansion and the high dollar value the Company received for their bundled packages.
Mark Breen, COO of Leafbuyer Technologies Inc (LBUY), said "Integration takes our consumers' online ordering experience to the next level. Consumers need to know immediately if, for example, their favorite edible is in stock before they pre-order. If we didn't integrate with POS systems, we would have to rely on people to update the inventory, which leads to human error. Now, it's automated."
Cronos Group Inc (CRON) made headlines in early December when the Company announced that it had entered into a subscription agreement with Altria Group, Inc pursuant to which Altria has agreed to make an approximately $2.4 billion equity investment in the Company on a private placement basis in exchange for common shares in the capital of the Company.
Cronos Group's Mike Gorenstein, Chairman, President and Chief Executive Officer, said "Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth. Importantly, Altria shares our vision of driving long-term value through innovation, and we look forward to continuing to differentiate in this area. As one of the largest holding companies in the adult consumer products sector, Altria has decades of experience in regulatory, government affairs, compliance, product development and brand management that we expect to leverage, particularly as new markets for cannabis open around the world."
Aphria Inc (APHA) announced on Wednesday that its Colombian subsidiary, Colcanna SAS had signed into an exclusive agreement with the Federacion Medica Colombiana, a national guild that oversees the ethical exercise of the medical profession in the country, to jointly develop an academic curriculum on the medicinal use of cannabis.
Jakob Ripshtein, President of Aphria, said, "As a leading global cannabis company, Aphria is committed to the long-term advancement of medical cannabis in every market in which we operate, through our diversified approach to innovation, strategic partnership and expansion. Partnerships like this between Colcanna and FMC are a direct result of our comprehensive approach to establishing a leading foothold in Colombia, throughout Latin America and in markets around the world."
Canopy Growth Corporation (CGC) (WEED) announced, in early December, that it had entered into a multi-year extraction agreement with Valens GroWorks Corp, a licensed, vertically integrated provider of cannabis procured and services. Under the terms of the agreement, Valens will utilize their proprietary technology and methodologies to process the Company's whole flower and trim into high-grade cannabis resin.
Mark Zekulin, President & Co-CEO, Canopy Growth, commented, "Diversifying our extraction supply capabilities with Valens, a company positioning itself as a specialized extractor, increases our ability to supply a consistent, high-quality inventory of oils for products such as Softgels. We're also excited to see Valens progress in its licensing capabilities so that it can add its products to our CraftGrow program, increasing the diversity of high-quality cannabis products available for medical and recreational customers in 2019."
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.
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 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 for our full disclaimer.