CORAL GABLES, FL / ACCESSWIRE / March 18, 2019 / The marijuana stock market has been something of a media phenomenon the last few years as the cannabis industry has evolved following the advent of significant legislation in support of legalization. In the past, society was largely concerned with the effects of marijuana usage and its potential to disrupt civic normalities, but as we've seen over the course of the past couple of months, a plethora of research and information has been released, proving that cannabis is both harmless as well as beneficial for a multitude of reasons. Doctors and experts in the medical community are now advocating that patients consider medicinal cannabis as a form of alternative treatment for pain relief and symptomatic alleviations related to inflammatory diseases. If companies in the cannabis sector continue to innovate products for consumers and shift the tides that previously condemned the industry, this could generate investor excitement. Leafbuyer Technologies Inc (OTC:LBUY), Terra Tech Corp (TRTC), 1933 Industries Inc (TGIFF), and Harvest Health & Recreation Inc (HRVSF) represent 4 marijuana stocks looking to start strong this week.
Given the infancy of the cannabis sector, consumers expect to be able to research the companies they purchase products from and know exactly what they are purchasing. Leafbuyer Technologies Inc (OTC:LBUY) recognized this need for accurate, extensive information and set out to become the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market. Consumers expect to have access to pertinent information regarding the products they purchase, even more so if these products will be ingested or applied to the body. Leafbuyer has become the authority on cannabis-related information.
Leafbuyer Technologies Inc (OTC:LBUY) made headlines last week when the Company announced the official launch of the leading mobile application, Greenlight, in Colorado and Oklahoma. The news follows a November 8, 2018 press release announcing the Company's acquisition of Greenlight. Through the Greenlight app, consumers can preorder their favorite cannabis products from participating dispensaries and skip the line when they go to pay and pick them up.
Following the announcement, Kurt Rossner, Chief Executive Officer of Leafbuyer Technologies Inc (OTC:LBUY), said, “in this fast-paced industry, we need to stay ahead of technology and continuously improve our offerings to drive more value to our clients. Greenlight is one more platform we have that separates us from our competition, inherently making Leafbuyer a more attractive option to dispensary clients nationwide.''
Terra Tech Corp (TRTC), a vertically-integrated cannabis agriculture company, issued a letter to its shareholders from the Company's Chairman and CEO, Derek Peterson, on Friday. Amidst the contents of the letter, Peterson shared that ''management believes there is a sizable disconnect between the Company's true value and the current market cap and that we are better served leveraging our balance sheet to fuel growth, rather than accessing the capital markets on a regular basis.''
In addition to this, Peterson also spoke to the fact that the Company finished all material construction expenses at their Oakland and Nevada cultivation and manufacturing facilities and have several operations in various stages of development that will add to the Company's revenue in 2019 and 2020.
1933 Industries Inc (TGIFF), a licensed cultivator and producer of cannabis flower and concentrates, as well as hemp-derived CBD wellness products, announced on Friday that the Company has closed its previously announced non-brokered private placement which raised total proceeds of the Company to $4.5 million.
Per the details of the offering, the Company issued 10,000,000 units at $0.45 per Unit. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one Share at a price of CDN$0.50 per Share for a period of 24 months following today's closing date of the Offering, subject to the Company's right to accelerate expiry in certain circumstances described below. The net proceeds of the Offering will be used for general working capital.
Harvest Health & Recreation Inc (HRVSF), a vertically-integrated public cannabis company, announced last week a grant of stock options pursuant to the stock option plan of the Corporation, whereby the Corporation has granted a total of 12,350,250 stock options to certain officers, directors, employees or consultants of the Corporation.
According to the specific details of the announcement, each stock option, granted on March 13, 2019, will entitle the holder thereof to purchase one common share of the Corporation at a price of CND $10.20 per share until March 13, 2029.
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. 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. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 1, 2019. 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. Contact Information:
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