CORAL GABLES, FL / ACCESSWIRE / March 26, 2019 / When talking about the marijuana stock market, investors tend to focus on the top performers of the market. These cannabis companies are typically producers of marijuana flower. However, as innovation has become a more crucial factor to growth in the market, we've seen the emergence of companies in the ancillary industry taking place in the cannabis sector. These companies tend to have smaller market capitalization and are typically less volatile than their large-cap, pot producing comrades. In addition to lessened volatility, ancillary cannabis companies are not bogged down by bureaucratic limitations and have more freedom to make strategic acquisitions to bolster their portfolios. All in all, investors looking for potential opportunities could benefit from focusing on the cannabis industry in the coming months. Leafbuyer Technologies Inc (OTC: LBUY), Aphria Inc (NYSE: APHA, TSX: APHA), Auxly Cannabis Group Inc (OTCQX: CBWTF), and The Supreme Cannabis Company Inc (OTCQX: SPRWF) represent 4 marijuana stocks worth keeping on your radar on Tuesday.
Leafbuyer Technologies Inc (OTC: LBUY) is the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market. Whether you're looking for the best cannabis deals near you, or you're looking in a state you plan on visiting, it's always helpful to have information on where you can get the best cannabis products and their various price points.
Leafbuyer Technologies Inc (OTC: LBUY) just before the end of last week announced that the total number of Greenlight platform users has reached nearly 80,000. The statement follows a March 13, 2019, release announcing Leafbuyer's rollout of the Greenlight technology in Colorado and Oklahoma. For those unfamiliar with Greenlight, the platform allows users to order ahead and earn loyalty points at participating dispensaries. The technology allows for significant increases in customer retention and overall customer satisfaction.
Following the announcement, Kurt Rossner, Chief Executive Officer of Leafbuyer Technologies Inc (OTC: LBUY), said, “the rapid geographic implementation of the Greenlight technology and a large number of users is encouraging. Developments are underway to bring new features to the platform that are expected to be a catalyst for continued revenue growth. We plan to expand the footprint further and optimize this technology to make it a staple in every legal market across the country.”
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Aphria Inc (APHA) earlier this month announced that Health Canada had granted the Company its license amendment, permitting Aphria to commence production in an additional 800,000 square feet of facilities at its Aphria One location, as part of the Company's completed Part IV and Part V expansions.
Following the announcement, Irwin Simon, Interim CEO of Aphria, said, "we are ready to hit the ground running and look forward to alleviating industry-wide supply constraints with our greatly expanded production capacity and sophisticated, proprietary automation technology that will ensure Aphria remains at the forefront of cannabis cultivation and innovation. In anticipation of Health Canada's approval, we had allocated a portion of our previously approved capacity to mother and vegetative plants that will be used as the initial growing crops in Part IV and Part V.”
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Auxly Cannabis Group Inc (CBWTF) several weeks ago announced that its streaming partner, Lotus Ventures Inc, has been granted a standard cultivation license and a sale for medical purposes license by Health Canada. The licenses give Lotus the ability to begin cultivation at its fully constructed 22,500 square-foot facilities in Armstrong, British Columbia.
At the time of the announcement, Hugo Alves, President of Auxly, commented, "we want to congratulate Dale, Stephen, Scott, Carl, Monica and the rest of the Lotus team on obtaining their Cannabis Act licenses! This is an important step for Auxly as we continue to diversify our supply chain, utilizing a network of subsidiaries and partners to provide reliable sources of diverse raw product. Lotus is a partner that we value deeply, being one of Auxly's first streaming partners. We look forward to continuing to work closely with the team at Lotus during these exciting new phases of their business."
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The Supreme Cannabis Company Inc (SPRWF) last week announced that the Company expects its previously announced oil products line to be introduced to adult-use consumers in select Canadian markets starting April 2019. Per the details of the announcement, the Company plans to initially ship oil products to select markets before expanding distribution of its cannabis oil line to additional provinces which are expected by the end of June 2019. Each bottle will contain a proprietary blend of highly-purified cannabis oils and terpenes derived from plants grown by 7ACRES.
Navdeep Dhaliwal, CEO of Supreme Cannabis, said, “our formulation will leverage super-critical CO2 technology to produce high quality, purified cannabis oil which we re-formulate with the naturally occurring cannabis terpenes from our 7ACRES' High-End CannabisTM. The result is a unique, plant-based cannabis oil that carries the award-winning qualities of our flower into an oil product for consumers looking for a premium cannabis oil experience."
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