The marijuana stock market has seen quite an uptick in the amount of propensity toward future growth. In the past year alone, there have been quite a large amount of changes that have completely shifted the industry. With so many changes, it can at times be difficult to keep up with where the market is headed overall. Despite this, there are a few marked aspects to look out for in the coming months. These include everything from the largest growers in the industry all the way to the smaller companies that are making big waves in the ever-shifting world of marijuana.
Leafbuyer Technologies, Inc. (LBUY) is one of the leading online companies working out of the marijuana industry. The company has been striving to ensure that their platform is up to the standard of the consumers that they are serving. Because of this commitment to high tiered service, Leafbuyer Technologies has become one of the dominating presences in that side of the cannabis space. Additionally, they have stated that they are able to reach millions of unique consumers each month, which just goes to show the potential that is there. With such a large network of people who use Leafbuyer Technologies, they look like they have quite a bright future ahead of themselves.
The company recently announced that they have received record high revenue growth. The company stated that their quarterly sales have shot up by as much as 70% in the quarter ending on March 31st. The year-over-year growth rate that they have cemented is more than double the industry standard, which is quite outstanding.
Kurt Rossner, CEO of Leafbuyer stated that “Leafbuyer continues to accelerate revenue growth quarter to quarter. The results reflect our aggressive sales strategy and ongoing efforts to drive more value to our dispensary and product clients. The diversification of our revenue streams continues as we expand our loyalty platform nationwide. We plan to continue aggressively growing our client base with a constant eye for the right acquisition partners.” The company has also been working tirelessly to ensure that their marketing platforms are at the top notch of the industry standard. With this, they have increased customer retention and acquisition rates by quite a lot. All in all, Leafbuyer Technology should remain on any investors watchlist.
HEXO Corp. (NYSE:HEXO) is currently rated as one of the top cannabis stocks in the whole of the industry. The company has made it their main goal to focus doubly on the production of cannabis-infused beverages. These beverages, in partnership with Molson Coors Brewing (NYSE:TAP) should see quite a large amount of success as they have proven to be quite popular in the past.
The only thing they are waiting on currently is the regulation from Health Canada, which is the main regulatory body in the nation. This regulation is being heavily relied on as it relates to all edible and drinkable products being sold in the country. Until then, HEXO Corp. still looks to be quite interesting.
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.