CORAL GABLES, FL / ACCESSWIRE / January 30, 2019 / Marijuana stocks have consistently managed to dominate headlines for the last few years, and show no signs of slowing down any time soon. Whereas cannabis was once frowned upon, and few to little people recognized the potential benefits of the crop, now, it seems as if everyone wants in on the action. In terms of the US cannabis markets, several states have demonstrated how positive legislation can benefit the economic framework of this country on a state level. States such as California and Washington have helped to create a domino effect throughout the industry that has led to more and more states working to put in new legislation. The increase of capital, in tandem with growing public approval, has resulted in the cannabis sector attracting more investors looking for potential opportunities. As we close out the month of January, Leafbuyer Technologies Inc (LBUY), Aurora Cannabis Inc (NYSE: ACB) (TSX: ACB), Aphria Inc (NYSE: APHA), and Cronos Group Inc (NASDAQ: CRON) are 4 pot stocks that are picking up speed on Wednesday.
Leafbuyer Technologies Inc (LBUY) is a company which, through its subsidiary, LB Media Group LLC, operates an online platform for trending cannabis deals and specials, and has been lauded as the most comprehensive source for ascertaining cannabis-related information. The Company's platform has been referred to as the "priceline of pot" by cannabis experts and analysts in the industry.
Leafbuyer Technologies Inc (LBUY) announced earlier this month that the Company had launched Phase One of its multiphase blockchain initiative on December 20, 2018. This first phase integrates with the Company's loyalty platform, Leafbuyer Loyalty. The launch will eventually allow cannabis consumers to use blockchain technology to complete monetary transactions with dispensaries and product companies. For those unfamiliar with the concept of blockchain, the technology allows for a digitized, decentralized, secure environment where all transactions, of any nature, are stored in a verifiable, permanent way.
According to the announcement, within Leafbuyer Loyalty, customers will be able to choose to create their own blockchain wallet, and once this is completed, they will be able to track all transaction history, as well as check loyalty point balances.
Leafbuyer Technologies Inc (LBUY)'s CEO said, "The sky is the limit with blockchain. The technology will help shape the cannabis industry and open doors to new revenue possibilities for Leafbuyer. We want to offer the highest level of transparency with customers, and blockchain will help us accomplish this goal."
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Aurora Cannabis Inc (ACB) saw premarket trading take its shares higher on Wednesday morning. As one of the leading companies in the cannabis industry, Aurora saw highs of $7.16 at just after the opening bell. The Company announced early last week that it had closed its previously announced offering of 5.5% convertible senior notes due 2024 for gross proceeds of US$345 million (including US$45 million pursuant to the exercise of the initial purchasers' over-allotment option). Per the details of the announcement, Aurora plans to use the net proceeds from the offering to support its Canadiana and international expansion initiatives, as well as for future acquisitions and general corporate use.
Aurora CEO Terry Booth commented, "these convertible notes offer Aurora the flexibility and optionality to settle the entire principal amount of the notes in the future for cash, shares, or combination thereof."
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Aphria Inc (APHA) has seen itself in headlines as a result of the ongoing negotiation with Green Growth Brands regarding their hostile takeover bid for Aphria. As of January 22, 2019, Aphria confirmed that Green Growth had commenced an unsolicited takeover bid to acquire all outstanding common shares of the Company, in exchange for 1.5714 common shares of GGB.
While Aphria's Board of Directors discusses the bid, the Company has advised that shareholders take no action until after a formal recommendation has been made. In a press release regarding the bid, Aphria informed shareholders that they will be notified of any recommendation of the Board of Directors through a news release and Directors' Circular in accordance with applicable securities laws.
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Cronos Group Inc (CRON) announced early last week that the Company has entered into a credit agreement with Canadian Imperial Bank of Commerce, as administrative agent and lender, and the Bank of Montreal, as a lender in respect of a $65 million secured non-revolving term loan credit facility.
Per the details of the announcement, the Company intends to use the funds available under the Credit Facility to repay the Company's existing loan facility with Romspen Investment Corporation and for general corporate purposes pending the closing of the Company's previously announced equity investment by Altria Group, Inc. The Company intends to repay the Credit Facility with a portion of the proceeds from the Investment.
For More Information On Cronos Group 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 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. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 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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