CORAL GABLES, FL / ACCESSWIRE / March 13, 2019 / The marijuana stock market has been anything but safe over the course of the past few years, during the course of which, top cannabis companies in the industry have seen huge boosts in investor interest. Several expert financial analysts have stated that 2019 could be the year of cannabis as the matter continues to make solid strides in the right direction. Following the advent of legislation in favor of marijuana legalization, the nascent cannabis sector has seen a positive shift in public perspective on cannabis. Leafbuyer Technologies Inc (OTC: LBUY), Newstrike Brands Ltd (OTC PINK: NWKRF) (TSX-V: HIP), TILT Holdings Inc (OTC PINK: SVVTF), and Cresco Labs Inc (OTCQX: CRLBF) represent 4 marijuana stocks heating up on Wednesday.
Leafbuyer Technologies Inc (OTC: LBUY) has come to be known as the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market. The fact of the matter is consumers expect to able to research the companies and products they invest their money in, and Leafbuyer has become the authority on cannabis-related information. Through the use of its website, Leafbuyer.com, the Company has become the authority on cannabis for millions of consumers on a daily basis.
Leafbuyer Technologies Inc (OTC: LBUY) made headlines today when they announced the official launch of the leading mobile application, Greenlight, in Colorado and Oklahoma. The news follows a November 8, 2018 press release announcing the Company's acquisition of Greenlight. Through the Greenlight app, consumers can preorder their favorite cannabis products from participating dispensaries and skip the line when they go to pay and pick them up.
Following the announcement, Kurt Rossner, Chief Executive Officer of Leafbuyer Technologies Inc (OTC: LBUY), said, "in this fast-paced industry, we need to stay ahead of technology and continuously improve our offerings to drive more value to our clients. Greenlight is one more platform we have that separates us from our competition, inherently making Leafbuyer a more attractive option to dispensary clients nationwide."
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Newstrike Brands Ltd (NWKRF) (HIP) today announced that the Company has entered into a definitive arrangement agreement under which HEXO Corp will acquire all of Newstrike's issued and outstanding common shares in an all-share transaction valued at approximately $263 million. Under the terms of the Arrangement Agreement, Newstrike shareholders will receive 0.06332 of a HEXO common share in exchange for each Newstrike common share held.
Jay Wilgar, CEO of Newstrike, said, "this is the most compelling combination we see in the Canadian cannabis sector. Our strength in Ontario and English Canada clearly complements HEXO's strong position in Quebec and creates an industry leader. The combination will deliver meaningful synergies, a stronger financial position with increased flexibility, and will position the combined company to meet growing consumer demand on a national basis. I believe this transaction is beneficial to our shareholders, customers, and employees."
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TILT Holdings Inc (SVVTF), a business to business cannabis company focused on the research, development, manufacturing, and sales of products/ services, announced in late-February that Joel Milton, SVP of Business Development, will present at the upcoming Gravitas Growth Conference.
Per the details of the announcement, Mr. Milton will discuss the acceleration of the Company's revenue growth and recent financial highlights, including unaudited pro forma January 2019 gross revenue of US$18.3 million, establishing TILT as one of the top U.S. revenue producing publicly traded cannabis companies, as well as an update on TILT's integration of recent acquisitions including vaporization technology company Jupiter Research LLC, and distribution and software solutions provider Blackbird Holdings Corp.
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Cresco Labs Inc (CRLBF), one of the largest vertically-integrated multi-state cannabis operators in the U.S. today announced that Charlie Bachtell, CEO & Co-Founder, and Joe Caltabiano, President & Co-Founder, will participate in the 31st Annual ROTH Growth Stock Conference to be held at The Ritz Carlton in Dana Point, California on March 17-19, 2019. During the conference, the management team will meet with institutional investors.
Per the details of the conference, the event provides attendees with investment ideas across a variety of sectors, including Consumer, Cleantech & Industrial Growth, Energy, Healthcare, Health & Wellness, Oil & Gas, Metals & Mining, Technology & Media and Services.
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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. 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. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 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. Contact Information:
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