These Four Marijuana Stocks Could Reach New Highs On Friday

CORAL GABLES, FL / ACCESSWIRE / March 22, 2019 / As we've seen in the first few months of 2019, there's been an electrifying positivity in the air surrounding the marijuana stock market. Despite that the market went through a bearish period during the month of February, all signs point to the fact that the bull is back and stronger than ever. This tidal shift in terms of success for companies in the cannabis sector could be attributed to any number of reasons, mainly the recent uptick in public support for cannabis legalization. If citizens contact their representatives and insist they pass legislation in support of marijuana, this could serve as a catalyzing force for the cannabis sector. Leafbuyer Technologies Inc (LBUY), iAnthus Capital Holdings Inc (ITHUF) (IAN.CN), CV Sciences Inc (OTCQB:CVSI), and Innovative Industrial Properties Inc (IIPR) represent 4 marijuana stocks leading the pack on Friday.

Leafbuyer Technologies Inc (LBUY) is the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market. Nowadays, consumers depend on online resources to research the products they are interested in buying and, prior to Leafbuyer's platform, no reliable source existed for information on cannabis and related products.

Leafbuyer Technologies Inc (LBUY) made headlines yesterday when the Company announced 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 (LBUY), said, "the rapid geographic implementation of the Greenlight technology and a large number of users is encouraging. Developments are under way 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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iAnthus Capital Holdings Inc (ITHUF) (IAN), which owns, operates, and partners with regulated cannabis operations across the United States, earlier this week announced that it has completed the private placement offering of $35 million of unsecured convertible notes and corresponding warrants to three investors.

Hadley Ford, Chief Executive Officer of iAnthus, stated, "with the closing of the transaction with MPX Bioceutical Corporation in early February, iAnthus remains driven to become a market leader across our 11-state platform. This financing allows the Company to simultaneously strengthen our balance sheet, deepen our investor base, and fund our growth capital."

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CV Sciences Inc (CVSI), a preeminent supplier and manufacturer of hemp CBD products, yesterday announced the appointment of Joerg Grasser as Chief Financial Officer, effective March 21, 2019. Prior to his joining up with CV Sciences, Mr. Grasser served as Controller of Ballast Point Brewing, a subsidiary of Constellation Brands, Inc. He also held senior finance positions with Sequenom, Inc. and Peregrine Semiconductor Corporation.

Following the appointment announcement, Joseph Dowling, Chief Executive Officer, commented, "Joerg's extensive background in accounting and finance along with his strong leadership skills make him the ideal CFO for CV Sciences as we build upon our leadership talent, capabilities, and systems to support future growth. In Joerg's short tenure at the Company, he has been an instrumental addition to our team, driving excellence in our financial reporting and strategic counsel to all of our corporate and financial decisions."

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Innovative Industrial Properties Inc (IIPR), a real estate company focused on the regulated U.S. cannabis industry, earlier this month announced results for the Company's fourth quarter and year ended December 31, 2018. Last year represented the second full year since IIP commenced real estate operations and completed its initial public offering in December 2016.