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4 Marijuana Stocks Heating Up After Latest Industry Events

2018-12-06 11:50 ET - News Release

CORAL GABLES, FL / ACCESSWIRE / December 6, 2018 / Marijuana stocks are no stranger to volatility and the recent trend has been no different during the month of December. Earlier this week, a major development was revealed as Altria was said to be in talks with cannabis company, Cronos Group (CRON). In addition, the looming Farm Bill has pot stock investors looking at this latest bout of market activity to see opportunities if this Bill passes. As one news outlet puts it, "After stalling in Congress for several months, legislators have finished negotiations on the 2018 Farm Bill and are ready to put their agreements in writing."

Four leading cannabis stocks to watch in connection with these latest events include: Leafbuyer Technologies Inc. (LBUY), Canopy Growth (NYSE: CGC) (TSX: WEED), Tilray (NASDAQ: TLRY), and Cronos Group (NASDAQ: CRON).

Leafbuyer Technologies Inc. (LBUY)recently partnered with recreational and medical cannabis dispensaries throughout several legal markets to bring consumers the best deals for the 2018 Green Friday Deals Event. "Cannabis dispensaries are in the retail business just like clothing stores and technology outlets, and they understand the power behind offering great deals for consumers on the Black Friday shopping event," saidLeafbuyer's COO, Mark Breen.

Leafbuyer Technologies Inc. (LBUY) has been on a growth path for the better part of the year. In its most recent financial reports, the company recorded a quarterly sales increase of 67% in the quarter ending September 30, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.

"Our record growth this quarter is a function of our bolstered national expansion and the higher dollar value we are receiving for our bundled packages," said Mark Breen, COO of Leafbuyer. "We are seeing a high demand for our loyalty services as well as our customer acquisition platform. We expect to see a significant increase in revenue coming from loyalty and order ahead products from our cannabis dispensary customers."

Leafbuyer is the official cannabis deals platform of LA Weekly, Voice Media Group, Dope Media, Grasscity, and The Stranger. The Company's online network reaches millions of marijuana consumers every month to showcase unique products from various network partners.

For More Information On Leafbuyer, Click Here

Canopy Growth (CGC) (WEED) announced today the final results of its tender offer pursuant to which each holder of the Company's 4.25% Convertible Senior Notes Due 2023 issued pursuant to the Indenture, dated as of June 20, 2018, among the Company, GLAS Trust Company LLC, as U.S. trustee, and Computershare Trust Company of Canada, as Canadian trustee, had the right to require the Company to repurchase all of such Holder's Notes, or any portion thereof that is a multiple of C$1,000 principal amount, on December 5, 2018.

Canopy Growth has maintained a level of notoriety over the last 12 months as it has completed numerous deals. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands (STZ).

In addition with the tender offer, Canopy finalized an all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related entities, and IP for a purchase price of up to approximately €145 million. With a 22-year track record of innovations, Storz & Bickel is widely recognized as the global leader in vaporizer design and manufacturing. "We view this as a marquee acquisition of the most recognized technology company in the industry," said Bruce Linton, Chairman & Co-CEO, Canopy Growth.

For More Information On Canopy Growth, Click Here

Tilray, Inc. (TLRY) have been under pressure lately as the previously mentioned volatility trend has taken hold across the cannabis sector. This morning the company announced that it has partnered with researchers at the Lambert Initiative for Cannabinoid Therapeutics at the University of Sydney to complete a study examining the effects of cannabis on driving and cognitive function.

"The Effects of Medicinal Cannabinoids on Driving" study was a double blind, placebo-controlled study that compared the effects of two varieties of cannabis - a variety containing high levels of THC and a variety containing a 1:1 balanced ratio of THC:CBD - to a placebo, which contained neither THC nor CBD. Tilray supplied the cannabis varieties for the study from its Good Manufacturing Practices (GMP) certified facility in Nanaimo, British Columbia.

For More Information On Tilray, Click Here

Cronos Group (CRON) has attracted more interest from Wall Street this week after confirming that it had been in talks with Altria (MO), owners of the Marlborough brand of cigarettes.

As Investor Place points out, "The era of smoking tobacco is over, and the era of smoking cannabis is upon us. From 1991 to 2017, the percentage of U.S. high school seniors who smoked cigarettes dropped from nearly 30% to below 10%. Meanwhile, during that same stretch, the percentage of seniors who smoked cannabis rose from 13% to 23%."

Shares of Cronos climbed to highs of $10.45 during the morning session on Thursday after hitting lows of $9.75 during premarket trade.

For More Information On Cronos Group, Click Here

About marijuanastocks.com

MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.

Legal Disclaimer

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 an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), 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. 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 for our full disclaimer.

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