The marijuana stock market in the past few weeks has seen its fair share of volatility. While this is somewhat characteristic of the industry throughout the past, it seems as though these corrections are quite normal for the health of the market.
Some companies have been able to fear better than others, which just goes to show the resilience of various aspects of the space. Although this may seem like a negative for some, it actually presents an opportunity to watch some companies as a bargain given the future growth doesn’t look to be slowing down in the slightest.
Leafbuyer Technologies, Inc. (LBUY) has remained one of the largest online platforms for everything related to cannabis for some time now. The company currently works by offering consumers information on everything from where the nearest dispensary is, to what type of deals can be located around the individual’s city. The company has continued to make headlines as they present a new way of what it means to be a cannabis company.
Recently, they announced that they have begun working with new blockchain technology. The company has stated that they plan to integrate their loyalty program known as Leafbuyer Loyalty, which should help them to in the future, complete the entirety of the purchasing process of cannabis online.
Currently, customers can set up Leafbuyer Wallets, which effectively allows them to view their account, track all transaction history, and see how many points they have accumulated. The points can then be used to save money or get better deals on the products that they choose to purchase.
Leafbuyer stated that they have seen as much as 375% growth in their web traffic year-over-year, with that number increasing every month. CEO of Leafbuyer Kurt Rossner stated that “We are pleased with our revenue growth and believe the rate of growth will continue into 2019 as we add sales and marketing resources. We will continue to increase the expansion of our platform in all legal markets, including Canada.”
Leafbuyer continues to redefine what it means to be a traditional cannabis company, by working to innovate and bring new ways of interacting with cannabis into the market. All in all, investors should continue to keep a close eye on Leafbuyer for the near future.
Cronos Group (NASDAQ:CRON) saw a great deal of volatility in its recent pricing. Given that they are one of the largest producers of marijuana in the whole of the market, bearish sentiment over a week or so doesn’t seem to be too large of an issue. The company has managed to continue upping their production of cannabis as well, with as much as 255,000 kilograms being produced per year when operating at full capacity.
The company has more plans to grow their current facilities in the near future, but for now they look to remain as one of the lead growers. Cronos Group is presenting itself with some potential as soon as the bearish trend begins to reverse for the whole of the market.
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. 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. 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.