[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / February 4, 2019 / The marijuana stock market has largely benefited from several factors that have contributed to its overall growth over the course of the past two years, the most crucial being the influx of innovation. As more companies have decided to throw away their antiquated frameworks in place of designing new products to improve the lives of consumers, this has resulted in an increase in investor attention paid to the cannabis industry. In terms of the US cannabis markets, several states have put forth positive legislation in favor of legalizing cannabis, effectively demonstrating how legislative efforts can benefit the economic framework of this country on a state level. 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 see what February has in store, Leafbuyer Technologies Inc (LBUY), Aphria Inc (NYSE: APHA) (TSX: APHA), Cronos Group Inc (NASDAQ: CRON), and Tilray Inc (NASDAQ: TLRY) are 4 pot stocks that are gaining tread on Monday.
Leafbuyer Technologies Inc (LBUY) is one of the leading online resources for those in the cannabis industry. The Company, 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, because of the ease of access for consumers looking to learn, find, or research anything about the cannabis market. With the recent shift of consumers looking to do their own research into brands they trust, a Company like Leafbuyer stands above its competitors.
Leafbuyer Technologies Inc (LBUY) announced early last week that its quarterly sales rose 68% in the quarter ending December 31, 2018. The increase reflects the revenues booked in the quarter versus the same quarter of the previous year.
Mark Breen, Chief Operating Officer of Leafbuyer Technologies Inc (LBUY), commented, "this announcement of record-setting growth follows the Company's major industry moves, including the launch of both the Leafbuyer Wallet and Leafbuyer Loyalty, as well as the acquisition of California-based, order-ahead application Greenlight in the last quarter. Our cannabis dispensary and product customers see the exceptional value in the services we offer, and we will continue to diversify our platforms to more thoroughly serve their needs."
For More Information On Leafbuyer Technologies Inc, Click Here
Aphria Inc (APHA) has found itself in headlines early on this month as the Company announced towards the end of last week that it had completed its first transfer of plant cuttings from four of the Company's cannabis strains to Denmark-based Schroll Medical, as part of the Company's previously announced Strategic Partnership with Schroll. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency.
Following the announcement from the Company, Hendrik Knopp, Managing Director of Aphria Germany, said, "we are pleased to introduce the first four Aphria strains to be produced in Europe, through our strategic alliance with Schroll. This marks another important milestone for Aphria as we extend our leadership position in the European market, and it gives me joy to be able to say today that we literally have a good thing growing in Europe."
For More Information On Aphria Inc, Click Here
Cronos Group Inc (CRON) enjoyed impressive gains in the market on Monday, with shares up 9.13%, trading at $22.70 just before noon. Shareholders are waiting, with bated breath, for updates related to an announcement from back in December where Altria Group, Inc agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
As far as updates regarding the recent investment agreement, Cronos Group sent out all meeting materials to shareholders earlier this month, in advance of the scheduled meeting to be held on February 21, 2019.
For More Information On Cronos Group Inc, Click Here
Tilray Inc (TLRY), a global leader in cannabis production, research, cultivation, and distribution announced earlier last week the expansion of its global leadership team with four new hires: Greg Christopher as EVP of Operations, formerly with Nestle; Rita Seguin as EVP of Human Resources, formerly with Diageo; Dara Redler as General Counsel, formerly with The Coca-Cola Company; and Charlie Cain as VP of Retail, formerly with Starbucks Corporation.
Following the announcement of the new appointees, Tilray's CEO, Brendan Kennedy, said, "Greg, Rita, Dara and Charlie come to Tilray with robust expertise in their respective fields and we look forward to their contributions as we pioneer the future of cannabis around the world."
For More Information On Tilray 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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