The marijuana stock market has seen a large amount of action over the course of the past few years. Most of the hype, however, has only come in the past six months or so as new laws continue to go into place around the market. Much of the movement in the market has been due to the updated laws throughout Canada, allowing legal recreational cannabis nationwide. This in combination with the shifting laws for various U.S. states has helped to create one of the friendliest investor atmospheres for marijuana that we have ever seen.
While some focus mainly on the big players in the industry, this denies the value and innovation put forth by mid and small cap companies. These companies often don’t have to deal with a large amount of bureaucratic difficulties that can often halt forward momentum. The cannabis industry, however, is moving fast, which means the companies pushing the hardest are the ones that may see the most success.
Leafbuyer Technologies, Inc. (LBUY) is one of the leading online resources for everything rooted in the cannabis industry. The company recently announced that their quarterly sales have grown by as much as 68% in the quarter ending on December 31st of the past year. One of the main reasons for this growth has been the addition of the Leafbuyer Wallet and Leafbuyer Loyalty programs, which have together helped to bring in new customers and add them to Leafbuyer’s vast database.
Mark Breen, COO of Leafbuyer recently stated that “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.” Breen went on to state that “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.”
The hopes are that Leafbuyer can take advantage of new legislative efforts occurring throughout the northern part of the East Coast of the U.S. If laws are passed in, for example, New York and New Jersey, the legal cannabis industry could see a substantial boost from $9.2 billion back in 2017 all the way up to almost $50 billion by the year 2027 in North America.
Aurora Cannabis (NYSE:ACB) is known to be one of the largest producers of marijuana in the whole of the industry. The company recently announced that their recreational sales for the quarter ending on December 31st, were as much as CA$21.6 million.
This number gets even more exciting when we consider that Aurora is able to produce as much as 120,000 kilograms of cannabis when operating at full capacity. Currently, they have as much as 4.6 million square feet could help them push out as much as 4 times that number, but they are still working on licensing for that space. All in all, Aurora remains quite exciting as a prospect for the rest of this year in the marijuana stock market.
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.