These Four Marijuana Stocks Could Spark Activity On Thursday

CORAL GABLES, FL / ACCESSWIRE / March 21, 2019 / The marijuana stock market has recently responded to the fact that the cannabis companies are seeing an exponential increase in acquisitions and mergers throughout the industry. Many companies in the cannabis sector have elected to utilize their resources to acquire smaller, more nuanced companies in an effort to produce a more vertically-integrated business model overall. Through a successful acquisition or merger, a cannabis company will have a better shot at ensuring that they are creating high-quality products, as well as help bolster their profit margins in both and short and long-terms. Even though 2019 is only a few months old, analysts are saying that this could be the year for the cannabis industry, and companies in the space are taking the necessary steps to build out their businesses ahead of the potential excitement. Leafbuyer Technologies Inc (LBUY), CV Sciences Inc (CVSI), Trulieve Cannabis Corp (OTC PINK: TCNNF) (TRUL.CN), and GW Pharmaceuticals plc (NASDAQ:GWPH) represent 4 marijuana stocks leading the industry on Thursday.

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, there hadn't been a reliable source for information on cannabis and related products. In recognition of this growing trend to do one's homework, Leafbuyer has become the authority on cannabis-related information.

Leafbuyer Technologies Inc (LBUY) today 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 (OTC:LBUY), said, "the rapid geographic implementation of the Greenlight technology and a large number of users is encouraging. Developments are underway 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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CV Sciences Inc (CVSI) earlier this month announced its financial results for the year ended December 31, 2018. Over the course of 2018, the Company generated $12.6 million of cash from operations, with cash balance increasing to $12.7 million at year end.

Joseph Dowling, Chief Executive Officer of CV Sciences, said, "we finished 2018 with strong sales momentum and enter 2019 well positioned to capitalize on the rapidly growing consumer awareness and broad based demand for hemp CBD products. We generated 133% revenue growth during 2018 and expanded the availability of the PlusCBDâ„¢ brand to over 2,200 stores nationwide. we are positioning our company to capitalize on this incremental growth opportunity with enhancements to our leadership team and business systems, and are in the planning process for expanded production and fulfillment capabilities to support rising demand."

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Trulieve Cannabis Corp (TCNNF) (TRUL), a leading and top-performing cannabis company in the United States, announced several changes to its management team earlier this month. Eric Powers has been named General Counsel and Corporate Secretary of Trulieve, Inc., the Company's wholly-owned Florida subsidiary. Prior to joining Trulieve, Mr. Powers spent 13 years as an in-house attorney for Crawford & Company, a publicly-traded insurance services firm, where he served in numerous roles within the legal department, most recently as Vice President and Corporate Secretary.

In addition to Mr. Power's appointment, Kevin Darmody, the Company's current Director of Investor Relations, is transitioning into the Chief Operating Officer role where he will be responsible for all Trulieve operations throughout the United States. Mr. Darmody will be replaced in his current Investor Relations role by Lynn Ricci.