The marijuana market has been really budding over the last few years, especially with the recent monumental legislature that has been passed in North America. It seems to be a promising time for marijuana companies. Last year’s legalization of recreational pot in Canada and California, as well as the passing of the 2018 US Farm Bill which legalized hemp, may be setting the stage for more countries and/or states to “go green”.
As we see increased legalization of marijuana, whether medical or recreational, the potential to generate job opportunities and economic benefits rises. According to an Arcview Market Research and BDS Analytics report, consumer spending on legal cannabis is forecast to reach USD $11 billion this year and by 2022 it’s anticipated to surpass USD $23 billion. Also, during that time period, the U.S. cannabis industry is expected to create over 467,000 full-time equivalent jobs, an 180% increase from 2017’s 170,000 full-time equivalent jobs. As the marijuana industry continues to grow at a rapid rate, there are several marijuana stocks to add to your watch-list.
Leafbuyer Technologies, Inc. (LBUY) announced the official launch of the leading mobile application Greenlight in Colorado and Oklahoma, further to the company’s announcement of the acquisition of Greenlight in November. Previously, the order ahead app was only available in California and now 16 Leafbuyer dispensary clients in Colorado as well as 9 clients in Oklahoma have signed up. Through the Greenlight app, consumers can preorder their favorite cannabis products from participating dispensaries and skip the line when they go to pay and pick them up.
“In this fast-paced industry, we need to stay ahead of technology and continuously improve our offerings to drive more value to our clients,” said Kurt Rossner, CEO. “Greenlight is one more platform we have that separates us from our competition, inherently making Leafbuyer a more attractive option to dispensary clients nationwide.”
This news followed the announcement that Leafbuyer and its recently acquired mobile app, Greenlight, now integrates with Flowhub’s point of sale and compliance technology. On both Leafbuyer.com and the Greenlight app, customers now have access to immediate, up-to-date menu information regarding product availability in dispensaries using Flowhub API and Leafbuyer platforms. Recently, the company has also signed over 50 licensed medical dispensaries within the Oklahoma market.
Tilray Inc (TLRY) is scheduled to announce Q4 earnings today March 18th after the closing bell. The company recently announced the expansion of its global leadership team with the appointment of Andrew Pucher as Chief Corporate Development Officer. In his new role, Andrew will lead Tilray’s corporate development function, including the team that is responsible for M&A and corporate investments. He will be based in Toronto, ON, and report to CEO Brendan Kennedy.
Brenden Kennedy, CEO of said, “we’re pleased to welcome Andrew to our senior leadership team to execute strategic transactions that will further accelerate Tilray’s long-term global growth. Andrew shares our commitment to a disciplined, strategic approach in pursuing inorganic growth opportunities.
Last week, Tilray and LiveWell Canada annouced finalizing their agreement for the supply of hemp cannabidiol (CBD) to Tilray. Under the deal, LiveWell will supply Tilray with a monthly quantity of up to 300 kilograms of hemp-derived CBD isolate, or an equivalent amount of full-spectrum CBD extract. It includes an option to increase to 500 kilograms per month. Shipping will begin in Q2.
Aurora Cannabis Inc (ACB) announced last week that it has appointed Nelson Peltz as a Strategic Advisor. Mr. Peltz and Aurora will work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segments and advise on the company’s global expansion strategy.
“Nelson is a globally recognized business visionary with a strong track record of constructive engagement to generate accelerated, profitable growth and shareholder value across many industry verticals that are of great interest to us,” said Terry Booth. “Like us, Nelson also takes a long-term view of value creation to benefit all stakeholders. We look forward to working with Nelson to further extend our global cannabis industry leadership by aligning Aurora with each of the major market segments cannabis is set to impact.”
This news followed the launch of sales of cannabis oils to German pharmacies following receipt of all necessary approvals from the Canadian and German regulatory authorities. Pedanios 5/1 drops have become the first extract derived oil product compliant with the German monograph for in-pharmacy preparation.
This blog is an affiliate of Midam Ventures, LLC. 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 by Leafbuyer Technologies 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. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 1, 2019. Midam owns 77,000 shares of Leafbuyer Technologies. Midam 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.