The marijuana stock market has remained quite volatile for some time now. This is in no way saying volatility is a bad thing, but it does remain one of the defining characteristics for the industry. In the past several years, we have seen some stability begin to take hold, but it does look as though fluctuations are still floating around. These fluctuations, however, can be quite a positive depending on one’s investment style. For those who invest more on speculation, marijuana stocks may be just the thing to take a second look at.
Leafbuyer Technologies, Inc. (LBUY) is considered to be at the top of the game when it comes to digitally based marijuana stocks. The company operates in the ancillary market on cannabis by providing consumers with all of the information they need to walk into a dispensary and purchase cannabis.
This ranges with everything from the nearest shop all the way to the best deals and loyalty points for purchasing. In the past few months, Leafbuyer Technologies has reported a large amount of growth on their online platform which just goes to show their commitment to making the best of the future.
Recently, the company announced that they saw a 36% growth in their cash sales. The growth which is noted for year-over-year comes after a strong amount of upward momentum in their online platform users. Kurt Rossner, CEO of Leafbuyer stated that “This growth provides momentum and a solid foundation for 2019. As we increase our national footprint and expand our industry-leading platform, we’re forecasting significant sales gains through the remainder of the year.”
The company has continued to see a large amount of growth as they are way ahead of the curve when it comes to cannabis technology. The company has managed to see an almost 140% gain in the past three weeks, which is headed mainly by their commitment to innovation for the coming years. Leafbuyer Technologies has also stated that they have plans to move into the blockchain business by offering consumers what is known as Leafbuyer Wallet. This will allow customers to purchase their cannabis online, where they can then go to the store and pick up their orders. All in all, investors should continue to keep a close eye on Leafbuyer Technologies for the future.
Tilray (NASDAQ:TLRY) is considered to be one of the largest cannabis companies in the whole of the industry. The company did see a dip in their price recently, along with the whole of the cannabis market. This is due to the aforementioned volatility that we have seen in the space.
One of the main issues is that there has been a potential oversupply rumor hitting the streets in Canada. This, however, could be solved if Tilray can move into new supply channels such as the international cannabis market as well as diving deeper into the U.S. market. Only time will tell how long Tilray can manage to stay at the top of the game.
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. Midam has been compensated an additional $100,000 by Leafbuyer Technologies for a period of coverage from April 12, 2019 to June 12, 2019. We owned 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time (as of 3/29/2019) Midam Ventures no longer owns 77,000 shares of LBUY), including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc.