Watch These Marijuana Stocks Push Their Limits
CORAL GABLES, FL / ACCESSWIRE / February 20, 2019 / The introduction of the healthcare sector into marijuana stock market indicates a significant shift in the trajectory of both fields. Generations earlier, many people believed cannabis to be a harmful substance and demanded that the federal government keep it out of the hands of consumers, but as we've come to understand, cannabis has a myriad of health benefits and is nothing to be afraid of. Over the past few years, cannabis companies have continued to release new products with medical cannabis for the purpose of improving the quality of treatment options available for consumers in the healthcare space. If companies in both the healthcare and cannabis sectors continue to collaborate, this may generate potentially lucrative opportunities for investors looking to new markets. Leafbuyer Technologies Inc (OTC: LBUY ), Aphria Inc (APHA), Emerald Health Therapeutics Inc (EMHTF) (EMH.V) and Tilray Inc (TLRY) are four companies that could test February highs.
Leafbuyer Technologies Inc (OTC: LBUY ) the most comprehensive online resources for information related to cannabis and how to procure products currently available on the market. Through the use of its website, Leafbuyer.com, the Company is working to connect millions of consumers daily. Founded back in 2012, the Company has since partnered with cannabis dispensaries and product companies across the U.S. market to bring high-quality legal cannabis deals to consumers. Given the infancy of the global cannabis industry, consumers need access to a trusted online resource to assist them in navigating through their various cannabis-related purchases.
Leafbuyer Technologies Inc (OTC: LBUY ) announced last week 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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Aphria Inc (APHA) announced earlier this week that independent members of its Board of Directors unanimously approved the early termination and liquidation of a promissory note, option and other agreements related to the Company's previously announced divestment of all interests in Liberty Health Sciences Inc.
Per the details of the announcement, the option in the Liberty shares represented a non-essential holding of the Company. Accordingly, the independent members of the Board of Directors unanimously approved the early termination and liquidation wherein the Company received cash consideration of $47.4 million and may earn up to an additional $10 million based on certain value thresholds if the counter-parties monetize the Liberty shares underlying the terminated option within six months.
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Emerald Health Therapeutics Inc (EMHTF) (EMH) found itself in headlines today when the Company announced the launch of Verdelite Sciences Inc, a wholly-owned subsidiary, Quebec-based production subsidiary licensed by Health Canada.
In addition to this news, the Company is nearing completion of its over $100 million investment to secure and expand its multi-purpose facility to 88,000 square feet and enable the complete cycle of indoor cultivation, product development and automated packaging of cannabis products. Upon reaching full production levels in mid-2019, Verdélite projects it will have created approximately 140 jobs.
For More Information On Emerald Health Therapeutics Inc, Click Here
Tilray Inc (TLRY) today announced that the Company has entered into a definitive agreement pursuant to which Tilray will acquire all of the issued and outstanding securities of FHF Holdings Ltd, from Compass Group Diversified Holdings LLC and other shareholders of Manitoba Harvest. Per the terms of the agreement, Tilray will acquire Manitoba Harvest on a cash and debt-free basis, for an aggregate purchase price, including cash and class 2 Common Stock in the capital of Tilray, of up to C$419 million pending the achievement of certain milestones after the closing of the Transaction.
Brendan Kennedy, Tilray President, and CEO said, "Tilray's acquisition of Manitoba Harvest is a milestone for the cannabis industry. It builds on the strategic partnerships we have formed with consumer brand industry leaders and demonstrates our track record of disrupting the global pharmaceutical, alcohol, CPG, and functional food and beverage categories."
For More Information On Tilray Inc, Click Here
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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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