[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / February 21, 2019 / The marijuana stock market has reacted positively to the recent shift in how people perceive companies manufacturing products with medical and recreational-grade cannabis. Companies in the sector have taken off over the past few months as a result of public opinion turning favorable in line with the recent passing of significant cannabis legislation. Much of the movement in the market has been due to the updated laws throughout Canada and several U.S. states allowing companies in the cannabis sector to expand their product offerings. Though the cannabis industry is still in its infancy, it's growing quickly, and investors looking for potential opportunities could benefit from paying attention. Leafbuyer Technologies Inc (OTC: LBUY), Green Thumb Industries Inc (OTCQX: GTBIF), Innovative Industrial Properties Inc (NYSE: IIPR), and Cronos Group Inc (NASDAQ: CRON) are four companies that could this week's highs.
Leafbuyer Technologies Inc (OTC: LBUY) has been lauded as 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. Given the nascency of the global cannabis industry, consumers need access to a trusted online resource to assist them in navigating through their various cannabis-related purchases, and Leafbuyer is prepared to meet consumers where they are.
Leafbuyer Technologies Inc (OTC: LBUY) today announced its Total Network traffic reached 9.85 million impressions in January 2019. This increase reflects 25.48% growth recorded during the month versus the same month the previous year.
Following this announcement, Leafbuyer Technologies Inc (OTC: LBUY)'s CEO, Kurt Rossner, commented, "the Leafbuyer Total Network is a powerful marketing lever. It allows our dispensary customers to drive more business and set themselves apart from competitors. The 25.48% year-over-year growth shows a major increase in the value of The Network."
For More Information On Leafbuyer Technologies Inc, Click Here
Green Thumb Industries Inc (GTBIF) today announced that the Company has closed on the acquisition of For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products.
Following the announcement of the acquisition, Ben Kovler, Founder and CEO of Green Thumb, said, "the meticulously-crafted suite of Beboe products supports the premium segment within GTI's brand portfolio and is firmly aligned with our long-term growth strategy. Beboe has an extremely talented team, a robust innovation pipeline, an aligned vision on the future of cannabis and a ground-breaking partnership with Barneys New York. We are thrilled to have the visionary Beboe team officially on board with GTI."
For More Information On Green Thumb Industries Inc, Click Here
Innovative Industrial Properties Inc (IIPR) announced earlier this month that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% Exchangeable Senior Notes due 2024. The Operating Partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments if any.
Per the details of the announcement at the time, the operating partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
For More Information On Innovative Industrial Properties Inc, Click Here
Cronos Group Inc (CRON) enjoyed a 2.83% boost in mid-afternoon trading on Thursday, with shares trading at $22.86 per share. The Company announced in January that they would be holding a special meeting of holders of common shares of the Company later in the month of February, with the core focus of the meeting being the C$2.4 billion equity investment by Altria Group, Inc in Cronos Group.
The investment was previously announced on December 7, 2018. Per the details of the announcement regarding the meeting, the Board of Directors of Cronos Group, after consultation with its legal and financial advisors, had unanimously determined that the Transaction is in the best interest of Cronos Group and is unanimously recommending that Shareholders vote in favor of the Transaction.
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 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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