CORAL GABLES, FL / ACCESSWIRE / January 31, 2019 / Marijuana stocks have consistently managed to dominate headlines with news related to positive gains in the market, despite volatile conditions felt by other industries over the course of last year. In terms of the US cannabis markets, several states have put forth positive legislation in favor of legalizing cannabis, effectively demonstrating how legislative efforts can benefit the economic framework of this country on a state level. The increase of capital, in tandem with growing public approval, has resulted in the cannabis sector attracting more investors looking for potential opportunities. As we close out the month of January, Leafbuyer Technologies Inc (OTC: LBUY), Aphria Inc (NYSE: APHA, TSX: APHA), Aurora Cannabis Inc (NYSE: ACB), and InMed Pharmaceuticals Inc (OTCQX: IMLFF) are 4 pot stocks that are gaining tread on Thursday.
Leafbuyer Technologies Inc (OTC: LBUY) is one of the leading online resources for those in the cannabis industry. The Company, through its subsidiary, LB Media Group LLC, operates an online platform for trending cannabis deals and specials and has been lauded as the most comprehensive source for ascertaining cannabis-related information. The Company's platform has been referred to as the "Priceline of pot" by cannabis experts and analysts in the industry, because of the ease of access for consumers looking to learn, find, or research anything about the cannabis market.
Leafbuyer Technologies Inc (OTC: LBUY) announced today that its quarterly sales rose 68% in the quarter ending December 31, 2018. The increase reflects the revenues booked in the quarter versus the same quarter of the previous year.
Mark Breen, Chief Operating Officer of Leafbuyer Technologies Inc (OTC: LBUY), commented, "this announcement of record-setting growth follows the Company's major industry moves, including the launch of both the Leafbuyer Wallet and Leafbuyer Loyalty, as well as the acquisition of California-based, order-ahead application Greenlight in the last quarter. Our cannabis dispensary and product customers see the exceptional value in the services we offer, and we will continue to diversify our platforms to more thoroughly serve their needs."
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Aphria Inc (APHA) announced earlier this month that the Company had recently entered into an exclusive agreement with Toronto-based UNOapp to collaborate on the development of technology and analytics solutions for Canada's growing adult-use cannabis market. As part of the agreement, UNOapp has granted Aphria the first option to commercialize any platform or solution developed from this collaborative effort.
Oliver Centner, Founder of UNOapp, commented, "this is a great opportunity for UNOapp to apply its proven technology-driven solutions to the Cannabis industry. Helping brands connect, educate and engage consumers seamlessly through one platform in retail, is at the core of what we do. We're thrilled to be partnered with Aphria. Their team's expertise, innovative thinking, and global reach give us a tremendous opportunity to evolve our platform to meet the unique needs of the burgeoning adult-use market in Canada and scale quickly to other markets internationally."
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Aurora Cannabis Inc (ACB) has dominated the headlines this month following the Company's announcement early last week that it had closed its previously announced offering of 5.5% convertible senior notes due 2024 for gross proceeds of US$345 million (including US$45 million pursuant to the exercise of the initial purchasers' over-allotment option).
Per the details of the announcement, Aurora plans to use the net proceeds from the offering to support its Canadiana and international expansion initiatives, as well as for future acquisitions and general corporate use.
Aurora CEO Terry Booth commented, "these convertible notes offer Aurora the flexibility and optionality to settle the entire principal amount of the notes in the future for cash, shares, or combination thereof."
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InMed Pharmaceuticals Inc (IMLFF), a fully integrated, cannabinoid-based biopharmaceutical company that uses its proprietary platform to develop treatments for those with unmet medical needs, announced earlier this month that Dr. Sazzad Hossain, would assume a position as member of the Scientific Advisory Board and, contemporaneously, announced his retirement as Chief Scientific Officer.
Prior to his departure, Dr. Hossain said, "InMed's continued success in developing cannabinoids to treat serious diseases is vital to me. Unfortunately, given recent personal health concerns, I wish to modify my role to that of a scientific advisor. I look forward to continuing my involvement with the entire team at InMed."
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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 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. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 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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