The marijuana industry has begun to bounce back after a small decline that the market saw over the past few weeks. With this downtime, we have been able to see companies moving toward reaching their future goals. With so much attention being paid to the companies at the top of the market, it seems as though often times investors can forget about the large opportunity that lies at the smaller end of the sector. These companies which sit in the small to mid-cap range, offer everything from services to alternative products to be sold on the market. With so much potential, the future of cannabis continues to look very bright.
Leafbuyer Technologies, Inc. (LBUY) is one of the leading online platforms for all things cannabis. The company has made it their main goal to increase the amount of buyer loyalty programs that they offer in conjunction with even more enticing offers. Based out of the U.S. Leafbuyer Technologies has stated that they are able to reach millions of consumers each month based on the deals that they offer and the information that they provide. The company states that they are one of the most comprehensive online spaces for all things cannabis, including news, where the nearest dispensary is, the best deals, and more. All of this has helped to cement them as one of the key businesses in the digital marijuana market.
Recently, Leafbuyer Technologies announced that they have signed into a letter of intent to buy a majority stake in CBD.io, one of the largest Las Vegas-based trade shows for the CBD and vaporizer industry. The agreement should see Leafbuyer moving deeper into the CBD/vaporizer market as they will own a stake in an e-commerce platform that sells both wholesale and retail CBD products.
Kurt Rossner, CEO of Leafbuyer stated that “CBD has become a pop culture phenomenon, and trade shows are a lucrative and unsaturated sector of the industry.CBD.io is a profitable company and has a proven financial model that will increase Leafbuyer’s top line and be a powerful driver for earnings. The significant advantage of this acquisition is the ability for Leafbuyer to drive tremendous brand exposure to another fast-growing segment of the industry.” All in all, Leafbuyer Inc. remains one of the key businesses in the digital marijuana market.
Trulieve Cannabis (NASDAQOTH:TCNNF) is a multi-state cannabis operator that currently has had their focus on the medicinal marijuana industry within the state of Florida. The company states that they have as many as 27 dispensaries within Florida which is quite a large number considering the size of the industry.
Trulieve has chosen to take the path of medicinal cannabis rather than recreational, as they see an opportunity that exists outside the mainstream marijuana market. With Florida moving toward legalizing the substance altogether, it looks as though their medicinal position could soon begin to transform into the adult use side of the market. Only time will tell how well Trulieve Cannabis can continue to do amidst rampant competition in the industry.
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.
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