Four Marijuana Stocks To Have on Your Watchlist on Friday

CORAL GABLES, FL / ACCESSWIRE / March 8, 2019 / The marijuana stock market has been fueled heavily with companies working to produce greater yields of cannabis over the course of the past few months. While one might think that companies at the top of the industry are responsible for producing the most cannabis, there's more to cannabis companies than the amount of weed they can produce. Some companies occupy a side of the ancillary cannabis market where cannabis-related products like packaging and real estate are dealt with. Investors looking for potential opportunities in the cannabis sector need to understand that, because the industry is still very much in its infancy, what defines a successful cannabis company is not directly connected to cannabis yields. Leafbuyer Technologies Inc (OTC:LBUY), Harvest Health & Recreation Inc (HRVSF), HEXO Corp (NYSE American: HEXO, TSX: HEXO), and Green Growth Brands Inc (GGBXF) are 4 marijuana stocks getting a boost from today's headlines.

Leafbuyer Technologies Inc (OTC:LBUY) is considered to be the most comprehensive online resources for information related to cannabis, as well as how to procure products currently available on the market. 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) earlier this week announced that it had formed a partnership with Flowhub, a major retail management platform for dispensaries, to integrate software and automate online menus. Leafbuyer's comprehensive website, Leafbuyer.com, and recently acquired order-ahead and loyalty mobile application, Greenlight will now integrate with Flowhub's industry-leading point of sale and compliance technology. Per the details of the partnership, customers can now use both Leafbuyer's site and the Greenlight app to view immediate, up-to-date menu information regarding product availability in dispensaries using Flowhub API and Leafbuyer platforms.

Following the announcement, Kurt Rossner, CEO of Leafbuyer Technologies Inc (OTC:LBUY), said, "the partnership between Leafbuyer and Flowhub provides value to both parties. Automating menu updates between technologies improves customer satisfaction and retention rates, boosting bottom line revenue and operational efficiencies."

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Harvest Health & Recreation Inc (HRVSF), a vertically integrated public cannabis company, announced the appointments of two new local advisors, who will focus on helping guide the strategic direction of the company in Boston, towards the end of February.

Following the announcement, Steve White, Founder, and CEO of Harvest Health said, "both leaders are highly respected experts in their fields, who bring an invaluable understanding of key issues in the City of Boston and its diverse communities. With their guidance, we will work to strengthen our understanding of key issues facing the City of Boston and drive more responsible policies and practices forward that ensure a responsible cannabis industry is implemented across the City."

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HEXO Corp (HEXO) announced in mid-February that it has entered into a syndicated credit facility with Canadian Imperial Bank of Commerce, as Sole Bookrunner, Co-Lead Arranger and Administrative Agent and Bank of Montreal as Co-Lead Arranger and Syndication Agent. Under the terms of the credit facility, the Lenders will provide HEXO up to C$65 million of secured debt financing at a rate of interest that is expected to average in the mid-to-high 5% per annum range over its three-year term.

Per the details of the credit facility, the deal consists of a C$50 million term loan and a C$15 million revolving loan, with an uncommitted option to increase the facility by up to C$135 million, subject to the satisfaction of certain customary legal and business conditions. Both loans mature in 2022. In addition to this news, the Company today announced that they will release financial results for the second quarter fiscal 2019 before the markets open on March 14, 2019.

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Green Growth Brands Inc (GGBXF) saw its shares enjoy a 4.88% boost to Friday's trading, with shares trading at $3.63 per share late in the afternoon. The Company today announced the issuance of shares of common stock for completed consulting services with JDS 4300 Consulting LLC and TSB Consulting LLC for arm's length previously-rendered strategic corporate advisory and corporate structure and reorganization services, respectively.