CORAL GABLES, FL / ACCESSWIRE / February 27, 2019 / When investors look at marijuana stock market, they tend to pick out some of the companies at the top of the industry. While this presents a tenable methodology, it completely overlooks the cannabis companies flying under-the-radar, i.e. small-and-micro cap companies. Whereas large-cap cannabis companies have to put up with bureaucratic infrastructures, often leading to massive slowdowns, these smaller companies are much more maneuverable, resulting in impressive gains over the last few months. If these trends continue, this could lead to an increase in investor excitement surrounding the cannabis industry. Leafbuyer Technologies Inc (OTC:LBUY), GW Pharmaceuticals plc (GWPH), Isodiol International Inc (ISOLF), and Tilray Inc (TLRY) are four marijuana stocks getting a boost from today's headlines.
Leafbuyer Technologies Inc (OTC:LBUY) has proven to be one 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. The fact of the matter is the consumer marketplace changes on a daily basis, and in order to keep up with these shifts, customers need updated information on the products they are interested in.
Leafbuyer Technologies Inc (OTC:LBUY) made headlines today when the Company announced that it has signed up more than 50 licensed medical dispensaries within the Oklahoma market. The statement closely follows a February 12, 2019, release announcing 31 dispensary client signups. For those unaware of the budding cannabis market in Oklahoma, voters passed medical marijuana legislation in June 2018. Patients can register for medical marijuana and be authorized for any condition a doctor deems appropriate. As of February 25, more than 50,000 patients have been approved.
Following this announcement, Leafbuyer Technologies Inc (OTC:LBUY)'s Chief Operating Officer, Mark Breen, commented, "competition is intense between dispensaries in Oklahoma. With over 1,000 already-issued licenses, it is important dispensaries utilize consumer acquisition platforms, like the ones Leafbuyer offers," said Mark Breen, COO of Leafbuyer. "We can help them expand their marketing channels to attract and retain loyal consumers."
GW Pharmaceuticals plc (GWPH), a leading company developing and commercializing cannabinoid prescription medicines, announced its financial results for the quarter ended December 31, 2018, earlier this week.
Following the announcement, Justin Gover, GW's Chief Executive Officer, said, "we are pleased by the high level of physician and patient demand for Epidiolex, and by the number of payors that have already made favorable coverage determinations for the product. With US launch taking place part way through the quarter, the two month selling period at the end of 2018 was primarily aimed at setting the commercial wheels in motion for the 2019 launch year. As we move into the New Year, prescription growth trajectory has been highly encouraging and we believe that we are on track to deliver a successful market introduction of this important new treatment."
Isodiol International Inc (ISOLF) today announced the launch of its convenience store retail program into the first 1,250 locations, starting in markets such as Florida and Arizona, through its partnership with the Asian American Trade Associations Council. Once the initial test rolls out and is approved for expansion by AATAC,Isodiol will be able to expand up to 10,000 additional locations.
Kevin Swadish, Chief Revenue Officer for Isodiol, said, "C-Store owners have long been considered the heart and soul of the retail market, touching virtually every person in every walk of life and representing the very essence of entrepreneurial spirit. The natural fit was to work with the largest trade association of retailers in the USA for this retail vertical."
Tilray Inc (TLRY) made headlines earlier this month when the Company announced that it has entered into a definitive agreement pursuant to which Tilray will acquire all of the issued and outstanding securities of FHF Holdings Ltd., from Compass Group Diversified Holdings, LLC and other shareholders of Manitoba Harvest.
Per the details of the agreement, Tilray will acquire Manitoba Harvest on a cash and debt-free basis, for an aggregate purchase price, including cash and class 2 Common Stock in the capital of Tilray, of up to C$419 million pending the achievement of certain milestones after the closing of the Transaction.
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 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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