The marijuana stock market has remained quite interesting for some time now. With so many different factors aiding in what happens throughout the market, it seems as though at times it can be difficult to keep up with where the industry is headed. So many companies in the industry have been competing for the space at the top, but only a few have shown that they have what it takes to make it there.
While most people are focused on the growers who supply the world with the raw substance, there are a large amount of companies that deal in the ancillary market on cannabis, which could have just as much potential as any other side of the space.
Leafbuyer Technologies, Inc. (LBUY) is undoubtedly one of the leaders in the industry when it comes to all things that the digital market can offer consumers. The company started out as a way to locate the nearest dispensary, but in a short period of time, they have drastically shifted to covering a wide variety of needs from a consumer perspective. Leafbuyer Technologies has worked tirelessly to make their platform one of the key companies to watch as they integrate everything from delivery and order-ahead to the wide range of loyalty programs that they offer.
Recently, the company announced that they have seen record revenue growth for the quarter ending on March 31st. This growth is quite substantial and shows that they have a 70% year-over-year growth rate. This number is more than double the industry standard of around 25%, which just goes to show how far they have come.
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 is continuing on their path to creating a new way to interact with the spaces that one can purchase cannabis from. By offering so many new and exciting products, Leafbuyer remains as one of the key companies to watch in the coming months to years.
Charlotte’s Web Holdings (NASDAQOTH:CWBHF) is one of the leaders when it comes to the CBD product market. The company has been working to delve deep into the medicinal side of the industry by offering top-notch cannabidiol-infused products. Recently, they have stated that they have an interest in listing on one of the large U.S. exchanges, but only time will tell.
The company has seen a lot of benefits after the legalization of the Farm Bill, which allows for the growth and sale of industrial hemp. CBD has become extremely popular over the past few months, which just goes to show that Charlotte’s Web may have some untapped potential for the future.
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.