Four Marijuana Stocks Gaining Speed Today
CORAL GABLES, FL / ACCESSWIRE / February 26, 2019 / The marijuana stock market has been hot with exciting headlines over the course of the past few years. With so many new legal initiatives occurring throughout the industry in North America and beyond, these legislative efforts have allowed for more favorable opinion surrounding cannabis. In turn, the positive trend surrounding cannabis has allowed companies in the space to attract investor attention. Some studies have shown that the global cannabis industry is potentially worth as much as $50 billion which should continue to grow as we move toward the future. Leafbuyer Technologies Inc (OTC: LBUY), OrganiGram Holdings Inc (OGRMF) (OGI), HEXO Corp (HEXO), and Charlotte's Web Holdings Inc (CWBHF) are four marijuana stocks getting a boost from today's headlines.
Leafbuyer Technologies Inc (OTC: LBUY) is considered to be the most comprehensive online resources for information related to cannabis, as well as how to procure products currently available on the market. Through the use of its website, Leafbuyer.com, the Company has become the authority on cannabis for millions of consumers on a daily basis. Given the nascency of the global cannabis industry, consumers need access to a trusted online resource to assist them in navigating through their various cannabis-related purchases, and Leafbuyer is prepared to meet consumers where they are.
Leafbuyer Technologies Inc (OTC: LBUY) announced towards the end of last week that its total network traffic reached 9.85 million impressions in January 2019. This increase reflects 25.48% growth recorded during the month versus the same month the previous year.
Following this announcement, Leafbuyer Technologies Inc (OTC: LBUY)'s Chief Operating Officer, Mark Breen, commented, "we develop partnerships with hand-selected external websites, like Dope Magazine and LA Weekly, in several markets across the country to help promote Leafbuyer dispensary customers. Through these websites, cannabis consumers can interact with our customers and their deals through a Leafbuyer app plugin, all without leaving the original site."
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OrganiGram Holdings Inc (OGRMF) (OGI) today announced that it has signed a letter of intent with the Société québécoise du cannabis. This agreement solidifies the Company's position as a true national player in Canada's legal adult use recreational cannabis marketplace. Organigram now has distribution in place for all ten Canadian provinces.
Following the announcement of the agreement, Greg Engel, CEO of OrganiGram, said, "Organigram's growth strategy has always focused on establishing a strong national footprint and building our brand presence with the Edison Cannabis line nationally. We are proud to work with our partners across the country to help ensure Canadians have access to a reliable supply of premium cannabis products for both medical and adult recreational use.
For More Information On OrganiGram Holdings Inc, Click Here
HEXO Corp (HEXO) made headlines earlier this month when the Company announced that it has entered into a syndicated credit facility with Canadian Imperial Bank of Commerce, as Sole Bookrunner, Co-Lead Arranger and Administrative Agent and Bank of Montreal as Co-Lead Arranger and Syndication Agent. Under the terms of the credit facility, the Lenders will provide HEXO up to C$65 million of secured debt financing at a rate of interest that is expected to average in the mid-to-high 5% per annum range over its three-year term.
Per the details of the credit facility, the deal consists of a C$50 million term loan and a C$15 million revolving loan, with an uncommitted option to increase the facility by up to C$135 million, subject to the satisfaction of certain customary legal and business conditions. Both loans mature in 2022.
For More Information On HEXO Corp, Click Here
Charlotte's Web Holdings Inc (CWBHF), a company determined to develop whole-plant hemp extract products with naturally occurring cannabidiol, announced towards the tail-end of January when the Company announced that Stephen Lermer had joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019.
At the time of the announcement, Hess Moallem, President and CEO of Charlotte's Web, said, ''his appointment dramatically expands our domestic and international operational capabilities and brings high-level pharmaceutical quality and operating expertise to our organization. I've had the privilege of working with Stephen in the past and consider him a trusted advisor."
For More Information On Charlotte's Web Holdings Inc, 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 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. Midam has been compensated an additional $50,000 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. 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.
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