CORAL GABLES, FL / ACCESSWIRE / March 20, 2019 / The marijuana stock market has been rapidly shifting for some time now as a result of responding to everything from legislation to public opinions surrounding cannabis completely changing direction. Presently, the majority of U.S. states, about 31, have legalized medical marijuana with ten other states currently ironing out legislation to legalize both medicinal and recreational-use cannabis. Following Canada's country-wide legalization back in October 2018, the cannabis industry has used the momentum gained from Canada's legislation to demonstrate, on a global scale, the economic benefits of investing in cannabis companies. So long as investors and consumers continue to look into the cannabis sector and play a role in its advancement, the industry will healthfully progress into the future. Leafbuyer Technologies Inc (OTC:LBUY), Acreage Holdings Inc (ACRGF), Canopy Rivers Inc (OTC PINK: CNPOF) (RIV.V), The Yield Growth Corp (OTCQB:BOSQF) represent 4 marijuana stocks leading the industry on Wednesday.
Leafbuyer Technologies Inc (OTC:LBUY) is often referred to as one of the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market. Consumers no longer purchase products and services without fully researching and understanding exactly what they are spending money on. In recognition of this growing trend to do one's homework, 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."
Acreage Holdings Inc (ACRGF) announced earlier this month that the Company had entered into an agreement to acquire 100% of California-based Kanna, Inc., which holds a license to operate a cannabis dispensary in Oakland, CA. This marks the first dispensary operating license for Acreage in California. Per the terms of the agreement, the all stock deal is valued at $11.5 million. Acreage will issue up to 460,000 Subordinate Voting Shares at a deemed value of $25 per share. The deal is expected to close in the second quarter of 2019.
Kevin Murphy, Founder, Chairman, and CEO of Acreage Holdings, said, "I could not be more excited about our first dispensary operation in California, especially one in a limited competitive market. While this is our first, it is nowhere near our last, as we expect to significantly expand our dispensary footprint in the state over the coming months."
Canopy Rivers Inc (CNPOF) (RIV) and Leaflink, Inc announced earlier this week the establishment of LeafLink Services International ULC, a new venture that exclusively licenses and leverages LeafLink's dominant business-to-business marketplace and supply chain technology platform for deployment throughout regulated international cannabis markets.
Narbé Alexandrian, President of Canopy Rivers, said, "the number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal with multiple parties in an increasingly fragmented market. As regulated cannabis consumption and distribution proliferates around the world, LeafLink International will introduce the industry's leading SaaS-enabled marketplace to the global stage to create a new standard for expediting the cannabis supply chain in regulated markets."
The Yield Growth Corp (BOSQF) yesterday announced that the Company's Urban Juve natural skincare and personal wellness and grooming solutions will soon be available for purchase in 70 retail locations within Ontario, Saskatchewan and British Columbia. City spas, mountain resorts, naturopathic practices, wellness stores, and hair salons are now carrying Urban Juve's hemp-infused, unisex skin and body care products.
Following the announcement, Sandi Lesueur, President of Urban Juve, said, "our goal is to become the most trusted skincare brand for our expertise and patents around hemp root oil. While developing strategic relationships with major retailers is our goal, we are delighted to see grassroots independents adopting our goods in these early days. Hand-in-hand with retailers big and small, we are proud to be reaching consumers in major centers and more remote communities first in Canada and soon throughout North America and beyond."
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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. 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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