[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / September 25, 2018 / November's midterm elections will mark two years since Donald Trump's 2016 Presidential win and the first test of how his Republican party is performing in the eyes of the American public. With this will come the buzz around cannabis legalization in the US. Over 90% of Americans support medical-marijuana access, and 60% support legalizing and regulating marijuana in the same way as alcohol. Several states are in focus.
Texas could see pro-legalization Beto O'Rourke add a new support to the US Senate. In California the departure of Democratic Senator Diane Feinstein could bring pot supporter and California Senate President Kevin de León on board; he has a far better record on cannabis issues. With elections in the spotlight, investors turn their attention to several companies that could be slated to benefit from new support for cannabis in the US.
Leafbuyer Technologies, Inc. (LBUY) has begun to trend higher this week. After pulling back to lows of $0.55 on September 13, shares of the cannabis tech company have rallied back as high as $0.93 on Monday. Yesterday shares closed trading at $0.87.
The company announced this week that it has a non-binding letter of intent in place 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. Greenlight's technology will support Leafbuyer's customers and allow consumers to pre-order cannabis products via mobile app and pick the orders up in their local store.
''The acquisition brings together two leading brands, that combined, will deliver unparalleled world-class technology and solutions for the cannabis space.'' said Michael Gabriel, Co-Founder of Greenlight Technologies.
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Canopy Growth (NYSE: CGC)(TSX: WEED) continued to trade higher on Monday morning during pre-market hours. Shares of the pot stock closed Monday's session at $52.50 and traded as high as $54.89 before the Tuesday morning opening bell.
Monday, 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. Tweed retail stores will stock an industry-leading lineup of products from Tweed as well as partner brands including DNA Genetics and Leafs by Snoop, as well as other curated selections of leading cannabis products. Tweed products will also be available through Delta 9 Cannabis Inc. locations 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 Mark Zekulin, Co-CEO & President, Canopy Growth.
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New Age Beverage (NASDAQ: NBEV) is a Colorado-based organic and natural healthy functional beverage company intending to become the world's leading healthy beverage company. This month the company announced that it intends to debut its portfolio of CBD infused beverages at the upcoming North American Convenience Store show to be held at the Las Vegas Convention Center on October 7-10, 2018.
New Age will be meeting with some of the major retailers in the country at NACS on October 8-10th and taking orders on a first come, first serve basis, given anticipated demand. New Age's Health Sciences Division is overseeing and carefully controlling production, quality, and its supply chain and sales channel partners have given the importance of efficacy and quality control in the end product.
Though shares of the company plummeted from highs of $9.99 on Friday to lows of $3.61 on Monday, New Age Beverage is up by more than 20% in the premarket.
For More Information On New Age Beverage, 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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