[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / September 24, 2018 / Last week's turbulent cannabis market saw the first dip in pot stocks prior to the upcoming October date when recreational cannabis will go on sale in Canada. With some selling pressure late in the week cannabis stocks closed the week nearly flat in many cases. This weekhowever has opened up stronger as the same pot stocks rebounded at the opening bell.
Leafbuyer Technologies Inc. (LBUY)
During the early part of the month, shares of Leafbuyer pulled lower in price. Today, shares of the company are up by roughly 8% after a pre market press release. Today the company announced a non-binding letter of intent to acquire California-based Greenlight Technologies. Greenlight provides cannabis consumers real-time mobile ordering and loyalty rewards through a native application that integrates with the local dispensary's point of sale system.
According to the release, once the acquisition is complete,Leafbuyer'scustomer base in California will more than double. The company expects higher sales in the California market due to the opportunity for cross-selling of the complementary platforms. The company projects that the acquisition will be accretive to earnings within six months.
For More Information On Leafbuyer Technologies, Click Here
Canopy Growth Corp. (CGC)(WEED)
Shares of Canopy Growth have also continued to move higher during the month of September. This morning the company announced that it has completed the required Cannabis Retail Organization Agreement and Cannabis Store Retailer Agreements with the Manitoba Government and today unveiled the future locations of its first Tweed retail sites in the province.
"We're excited to bring Tweed and our many partner brands to residents across Manitoba and we know our retail experience will delight and surprise,'' said MarkZekulin, Co-CEO & President, Canopy Growth. "Residents can look forward to visiting their new Tweed retail stores which will offer the best cannabis shopping experience while contributing to their community as a socially responsible and community-oriented business."
Shares traded as high as $51.28 on Monday morning.
For More Information On Canopy Growth, Click Here
Namaste Technologies Inc. (NXTTF) (N)
Similar to a number of other cannabis companies this week, Namaste Technologies has also seen a bit of a recovery in stock price on Monday. This morning the company announced that the Company's wholly-owned subsidiary, Cannmart Inc. has received its Access to Cannabis for Medical Purposes Regulations medical cannabis "sales-only" license with no cultivation, which is the first of its kind to be issued by Health Canada. The Sales License represents the most significant milestone in the history of the Company and is the final component of its strategy for Cannmart to become Canada's leading online platform for medical cannabis.
Cannmart has secured over 13 domestic and international supply agreements and will also focus on developing arrangements with micro-cultivators who will provide high-end craft strains, subject to the upcoming regulations of the Cannabis Act. Cannmart's goal is to offer the largest and most diverse selection of medical cannabis products available in the Canadian market.
For More Information On Namaste Technologies, 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 September 24,2018 and ending October 24, 2018. 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. Please click here for full disclaimer
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