TLRY - 4 Marijuana Stocks Setting The Stage On Tuesday (2/12/19)
CORAL GABLES, FL / ACCESSWIRE / February 12, 2019 / The marijuana stock market has seen impressive gains over the last few weeks of the new year, with companies in the space seeing large increases in their stock prices. Recently, the market has been rapidly shifting due to the influx of new legislation being brought to light by lawmakers in support of legalization. In addition to legislative efforts, there has been an overall paradigm shift in how the public views cannabis and the companies which research, cultivate, and manufacture cannabis products. If trends remain consistent, this has the potential to attract more investors to the cannabis sector. Leafbuyer Technologies Inc (OTC: LBUY), Tilray Inc (NASDAQ: TLRY), CannTrust Holdings Inc (OTC PINK: CNTTF), and Aurora Cannabis Inc (NYSE: ACB) are 4 pot stocks worth looking into on Tuesday.
Leafbuyer Technologies Inc (OTC: LBUY) is one of the most comprehensive online resources for information related to cannabis and how to procure products currently available on the market. Leafbuyer works alongside cannabis businesses to showcase their unique products and build a network of loyal patrons. The Company, through its subsidiary, LB Media Group LLC, operates an online platform for trending cannabis deals and specials and has been lauded as the most comprehensive source for ascertaining cannabis-related information.
As a result of the recent shift towards consumers taking ownership in researching the brands they are interested in, Leafbuyer Technologies Inc (OTC: LBUY) stands above its competitors. The Company's platform has been referred to as the ''priceline of pot'' by cannabis experts and analysts in the industry, because of the ease of access for consumers looking to learn, find, or research anything about the cannabis market
Leafbuyer Technologies Inc (OTC: LBUY) today announced that the Company has expanded its operations into the emerging Oklahoma medical cannabis market. Back in June 2018, Oklahoma voters passed legislation in favor of legalizing medical marijuana. Following the vote, patients can now register for medical marijuana and be authorized for any condition a doctor deems necessary.
Following this announcement, Leafbuyer Technologies Inc (OTC: LBUY)'s CEO, Kurt Rossner, commented, ''we see major potential in the Oklahoma market to help boost the growth of our company. Through marketing and advertising initiatives, we have nearly three dozen dispensaries utilizing our marketing services after just two weeks of in-state contact. Along with sales, we're focusing our efforts on broadcast and out of home marketing channels to help drive traffic to the site and, ultimately, put consumers inside our dispensary clients' businesses.''
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Tilray Inc (TLRY) rose above other companies in the cannabis sector by enjoying a 1.76% boost in late-morning trading on Tuesday, with shares trading at $76.75 per share. At the tail-end of last month, the Company announced the expansion of its global leadership team with four new hires: Greg Christopher as EVP of Operations, formerly with Nestle; Rita Seguin as EVP of Human Resources, formerly with Diageo; Dara Redler as General Counsel, formerly with The Coca-Cola Company; and Charlie Cain as VP of Retail, formerly with Starbucks Corporation.
Following the announcement of the new appointees, Tilray's CEO, Brendan Kennedy, said, ''the expansion of our European senior leadership team strengthens Tilray's ability to enter into new addressable markets and solidify our presence in existing European markets. Greg, Rita, Dara and Charlie come to Tilray with robust expertise in their respective fields and we look forward to their contributions as we pioneer the future of cannabis around the world.''
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CannTrust Holdings Inc (CNTTF), one of Canada's leading producers of cannabis, announced in late-January that the Company had obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately. With enhancements to the Phase III facility above and beyond the specifications initially contemplated, CannTrust will maintain its total production capacity forecast of 100,000 kg per year after completion of the Phase III construction.
Peter Aceto, CEO of CannTrust, said, ''the demand for our medical and recreational products continues to be well in excess of supply and we are keen to move ahead with the Phase III expansion and meet our capacity targets. We also continue to evaluate several strategic alternatives to meet and increase our initial production capacity goals.''
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Aurora Cannabis Inc (ACB) made headlines today when the Company announced that construction of their 300,000 square foot expansion at the Edmonton International Airport is going well. The new facility, named Aurora Polaris, is intended to serve as Aurora's centre of excellence for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards.
Per the details of the announcement, Aurora Polaris will allow for enhanced capabilities for the Company's logistics and warehousing needs required to serve ever increasing global requirements. The facility is designed to include additional research and development space.
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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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