Tuesday saw a renaissance in stocks in all areas, it seems, including those of the medical cannabis industry. Investors appear to have gauged the damage done by the recent selloff and, Wednesday, rushed back in to buy.
Health-care stocks chugged ahead 2.1% in New York early Wednesday afternoon, while in Canada, the jump was 1.3%.
Denver-based Leafbuyer Technologies, Inc. (OTC:LBUY), a leading cannabis technology platform, announced today a record-breaking month and a 33% usage increase within its texting and loyalty platform through August 2020. The 33% increase reflects text credit volume for January through August versus the same 2019 period. August 2020 also represented the highest month on record for text credit volume for the platform.
Said CEO Kurt Rossner, "The strong pivot we made at the beginning of the April is having a significant impact on our texting and loyalty platform growth", said Kurt Rossner, CEO of Leafbuyer. "By rapidly increasing the number of customers on the platform, we have seen substantial growth."
LBUY shares took off for the sky Wednesday, gaining 10.6%, to 6.88 cents, on volume of 26,000 shares.
Still in the health-care field, but shifting to the fight against COVID 19, Vancouver-based Avricore Health Inc. (TSX-Venture:AVCR) announced , plans to offer its HealthTab system as a stand-alone service to improve COVID case reporting.
Said Chief Technology Officer Rodger Seccombe, “Timely and accurate reporting is key to managing community outbreaks, but it can be a challenge for even the major laboratory networks as we’ve seen recently in the U.S.
“Our middleware will bring plug-and-play, real-time electronic case reporting into community pharmacies. With new Health Canada licensed point-of-care devices expected later this year, we anticipate pharmacists will take on a greater role in COVID… testing and tracking.”
The Company offers a device agnostic point-of-care testing platform, including a web which allows data to flow with patient consent, directly from an analyzer to the health records and reporting systems being utilized in a particular region.
AVCR shares ballooned four cents, or 160%, to 6.5 cents, on volume of 5.7 million shares.
