Four Marijuana Stocks Seeing New Highs Today
CORAL GABLES, FL / ACCESSWIRE / February 22, 2019 / The marijuana stock market has gone through cycles of volatility over the past couple of years, but in the first few months of 2019, the market has been nothing short of exciting. Companies in the cannabis industry are working on producing new products for consumers, some of which containing hemp-derived cannabidiol. Following the momentous passing of the 2018 U.S. Farm Bill, cannabis companies have since ramped up cultivation of hemp to meet the growing demands of their nascent sector. Though the cannabis industry is still in its infancy, its growth potential should serve as an indication that investors looking for potential opportunities could benefit from looking into marijuana. Leafbuyer Technologies Inc (OTC:LBUY), India Globalization Capital Inc (OTC PINK: IGCC), KushCo Holdings Inc (KSHB), and Innovative Industrial Properties Inc (IIPR) are 4 pot stocks leading the pack as we close out this week.
Leafbuyer Technologies Inc (OTC:LBUY) has been regarded as one of the most comprehensive online resources for consumers in need of information on cannabis and the cornucopia of products presently available on the market. Individuals looking for information on strains and products need only access the Company's website, and within seconds, they will be looking through a trusted online source that they can be sure is accurate and up-to-date. Given the nascency of the global cannabis industry, consumers now, more than ever, need access to materials and data top help them better understand the products they plan on using.
Leafbuyer Technologies Inc (OTC:LBUY) announced earlier this week that its Total Network traffic reached 9.85 million impressions in January 2019. This increase reflects 25.48% growth recorded during the month versus the same month the previous year.
Following this announcement, Leafbuyer Technologies Inc (OTC:LBUY)'s COO, Mark Breen, commented, ''we develop partnerships with hand-selected external websites, like Dope Magazine and LA Weekly, in several markets across the country to help promote Leafbuyer dispensary customers. Through these websites, cannabis consumers can interact with our customers and their deals through a Leafbuyer app plugin, all without leaving the original site.''
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India Globalization Capital Inc (IGCC) saw impressive gains in late morning trading on Friday, with its shares soaring 181.58% to $1.07 per share. The Company's massive share boost could be connected to its announcement from earlier this week that it had successfully challenged NYSE American's decision to delist the common stock of the Company from trading on the Exchange under the Exchange's appeal procedures.
Per the details of the official appeal, a review panel of the Exchange unanimously ruled to set aside the Exchange's October 29, 2018 decision to delist the Company's common stock, finding that the Company has not discontinued the business it conducted at the time it was first listed on the Exchange. In addition, the panel unanimously found that the Company provided evidence sufficient to rebut the Exchange's claim that the Company or its management had engaged in conduct contrary to the public interest.
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KushCo Holdings Inc (KSHB), the parent company of several cannabis industry companies including Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Innovations, announced earlier this week that it had added Danny Moses, a private investor and entrepreneur best known for his role as a trader navigating the global financial crisis as chronicled in Michael Lewis's best-selling novel "The Big Short" and Adam McKay's Oscar-winning movie of the same name, and Tim Seymour, Chief Investment Officer of Seymour Asset Management, and best known as the co-host of CNBC's Fast Money, to the Company's Advisory Board.
In response to the new appointees, Nick Kovacevich, CEO of KushCo, said, ''both Danny and Tim are invaluable resources to the KushCo Advisory Board with their distinct knowledge and experience. Danny is one of the most distinguished investors on Wall Street and will provide useful insights into our M&A and capital strategies.''
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Innovative Industrial Properties Inc (IIPR) found itself in headlines earlier this month when the Company announced that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% Exchangeable Senior Notes due 2024. The Operating Partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments if any.
Per the details of the announcement at the time, the operating partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
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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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