Skip to main content

These Marijuana Stocks are Prepared for the End of Cannabis Prohibition

CORAL GABLES, FL / ACCESSWIRE / July 19, 2018 / As Cannabis Prohibition continues to come to an end, there are many marijuana stocks catering to the retail consumer that are flourishing. There are less than 3 months left until the official launch of the sale of legal cannabis in Canada, which sets Canada as the first industrialized country in the world to allow adults to purchase recreational cannabis legally.

Technology-based cannabis companies like Leafbuyer Technologies, Inc. (LBUY) are reporting continued strong sales growth. New IPO's continue to come up as Tilray Inc. (TLRY) has just gone public today. Other companies like Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF), (TSX: TGOD) are building R&D and gaining approval for cultivation licensing.

Further to the above, Leafbuyer announced today that it has realized a 50% sales increase from 4th Quarter 2017 compared to 4th Quarter 2018. In fact, June 2018 was the strongest sales growth in company history according to Leafbuyer.

John Valle, Director of Sales for Leafbuyer Technologies Inc. stated, "Expansion plans started 9 months ago in Oregon, Washington, California, Nevada, and Arizona, and we are capitalizing on those markets."

This news comes on the heels of a previous announcement that Leafbuyer reported annual website traffic growth to Leafbuyer.com of 375%. The company's flagship site, Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons.

For more information about Leafbuyer Technologies, Inc (LBUY) Click Here

This morning Canadian cannabis company Tilray Inc. (TRLY) priced its initial public offering at $17, above its $14 to $16 price range. The company raised $153 million in the deal, by selling 9 million shares in the U.S. and another 2.476 million shares classified as subordinate voting shares in Canada and other countries at 22.45 Canadian dollars. Tilray is a federally licensed marijuana cultivator, processor, and distributor that received most of the proceeds from and will be majority controlled by the Seattle, Washington-based Privateer Holdings. Of course, Privateer is known for scoring millions from Pay Pal Founder, Peter Thiel's Founders Fund. Privateer also has invested in Leafly and Bob Marley cannabis brand, Marley Naturals among other investments.

For more information about Tilray Inc. (TRLY) Click Here

The Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF), (TSX: TGOD) also went public earlier this year and has been gaining interest over the last 2 quarters. Outside of gaining significant investment from and partnerships with other marijuana companies like Aurora Cannabis (TSX: ACB), (OTCQX: ACBFF), Green Organic Dutchman has been working to expand its own footprint.

This morning the company announced its intention to complete a spinoff transaction where the company will distribute a dividend consisting of a warrant in a new corporation to shareholders. According to the company, the new corporation will be engaged in the acquisition and development of worldwide opportunities. Since going public this year, shares of the company are up by more than 50%.

Certainly, with countries like Canada vowing to abolish the prohibition of legal cannabis, it could stand to reason that the world is becoming more open to this new cash crop. Cowen & Co. estimated U.S. marijuana business could reach $75 billion by 2030 if fully legalized. This could indicate the potential to see explosive growth ahead and the possibility to see a total end to cannabis prohibition in North America.

For more information on Green Organic Dutchman Holdings Ltd. (OTC: TGODF) / (T.TGOD) Click Here

About MarijuanaStocks.com

MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of MAPH Enterprises, LLC owner of MarijuanaStocks.com and Leafbuyer Technologies, Inc, we were hired for a period from 2/2/2018 - 5/2/2018 NOW EXTENDED TO 10/2/2018 to publicly disseminate information about (LBUY) including on the Website and other media including Facebook and Twitter. We are being paid $100,000 (CASH) for & were paid "77,000" shares of restricted common shares. We own zero shares of (LBUY), which we purchased in the open market. Once the (6) Six-month restriction is complete on 8/2/2018 we plan to sell the "77,000" shares of (LBUY) that we hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. 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, provide public dissemination of favorable Information. MAPH Enterprises LLC and our affiliates have 1,200,000 shares of TGOD common stock plus warrants and 100,000 shares of IPO stock and 50,000 IPO warrants of which I will disclose any trades either in our disclaimer or in Marijuana Stocks disclaimer section.

Contact Information:

pr@marijuanastocks.com

SOURCE: MarijuanaStocks.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.