The month of may has already shown quite a bit of upside potential for the world of marijuana stocks. In only a few short weeks that we have been in May, we have seen some of the largest companies in the industry make quite sizable gains. Despite this still being a stage where the industry is in somewhat of infancy, it seems as though now is a better time than ever to take advantage of the opportunities put forth by the marijuana market. It also seems as though this is one of the friendliest times to invest in the industry which makes it that much more exciting.
Leafbuyer Technologies, Inc. (LBUY) is one of the preeminent digital spaces for everything related to the cannabis industry. The company operates by offering its consumers information related to where the nearest dispensary is and what the best deals are that are available at a given location. The company has been working to up the amount of loyalty programs that they offer to ensure that they are meeting customer expectation. These loyalty programs have helped to bring in a whole new consumer base for Leafbuyer Technologies as they continue on their path to the future.
The company recently announced a feature to their mobile app known as Greenlight which will effectively allow consumers to buy and have their product delivered. The product was launched not too long ago in California and should be available to dispensaries located in Arizona, Nevada and Washington as they so choose. The only issue is the statewide legislation regarding marijuana delivery, but this seems to be on its way to being settled.
Kurt Rossner, CEO of Leafbuyer stated that “the addition of this new technology will allow us to monetize our consumer base through a fee generated from each transaction. We’ll be able to penetrate thousands of new dispensaries and delivery companies in legal markets by offering this devilry solution. Leafbuyer will not physically deliver the products, rather we will hand off the last mile to our delivery and dispensary partners.” The goal with this is to continue reaching these Western states, which have shown themselves to have the most opportunity for growth in the marijuana space. Investors should continue to watch Leafbuyer Technologies into the near future.
Canopy Growth Corp. (NYSE:CGC) is one of the largest growers of marijuana in the whole of the industry. The company has been working to release their fourth-quarter earnings, which would be a solid boost to the market in terms of trust and forward-looking statements.
Canada, the country that Canopy Growth operates out of, has seen a massive supply shortage when it comes to marijuana which is something that Canopy Growth and other companies have been trying to solve. This, of course, is in no way an easy fix and is something that should be on its way to being repaired in the near to not too distant future. All in all, Canopy Growth continues to be an important company in the industry to watch.
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. 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.
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