PALM BEACH, Florida, September 13, 2017
PALM BEACH, Florida, September 13, 2017 /PRNewswire/ --
The cannabis industry is estimated in the billions of dollars annually with the market continuing to expand at an impressive rate as well as dispensaries popping up all throughout the country and North America. The latest innovation in technology and industry targeted services supporting the cannabis markets are allowing consumers to find their CBD and legal marijuana products of interest or even locating the nearest dispensary which in the end result is boosting the already impressive cannabis economy as a whole. Active companies in the market today include: Leafbuyer Technologies Inc. (OTC: LBUY), Kush Bottles Inc. (OTC: KSHB), 22nd Century Group Inc. (NYSE: XXII), Medical Marijuana Inc. (OTC: MJNA), and Aurora Cannabis Inc. (OTC: ACBFF) (TSX: ACB.TO).
Leafbuyer Technologies, Inc. (OTC: LBUY), a leading cannabis technology platform, announced today an expanded partnership with Voice Media Group , one of the nation's largest diversified media organizations. This expanded partnership broadens the advertising relationship first established between Leafbuyer and Voice Media Group in Q4 of 2016. Together, the two companies installed a customized application on the marijuana section of Westword.com, helping visitors discover Leafbuyer deals on their favorite cannabis-related products. "Our clients immediately praised the influx of new business, and we are building off that success as we expand into other legal markets," said Leafbuyer's VP of Business Development, Mark Breen. Read this and more news for Leafbuyer Technologies at: http://www.marketnewsupdates.com/news/lbuy.html .
Given the rapid legalization of marijuana across the nation and Leafbuyer's transition into a public company (OTC: LBUY), expanding the partnership nationwide was a natural fit. Kurt Rossner, CEO of Leafbuyer stated, "We believe the added distribution footprint will greatly enhance our ability to attract new customers in areas outside of Colorado. This is a very important step as we continue to push forward for a truly national base of consumers."
Special offers from Leafbuyer's dispensary and product clients will appear in marijuana and music related pages of the following Voice Media Group websites: Westword, LA Weekly, Phoenix New Times, and Toke of the Town . In all, the online tool will reach over one million page views per month. "We had partnered with Leafbuyer for our Westword Magazine in Denver six months ago. It was an easy decision to include them in all markets on our Marijuana related sections. The Cannabis industry is one of the fastest growing industries to date and our partnership with Leafbuyer has provided valuable content for our users," said Scott Tobias, CEO of Voice Media Group.
In other industry news and developments from around the sector:
Kush Bottles Inc. (OTCQB: KSHB) came to a close up 3.98% on Tuesday at $2.09 with over 270,000 shares traded on the day. The company recently announced it has launched an FDA compliant Kush Canister™ to safely and securely store cannabis products for resale purposes. The canister can fit just over one ounce of cannabis flower and has a certified child resistant push-top to comply with regulations in the states that require child resistant packaging. The proprietary product is manufactured in the U.S.A. and is designed specifically for markets that require child resistant packaging. The material used to manufacture this container is food grade and BPA free.
22nd Century Group Inc. (NYSE: XXII) closed up 5.10% on Tuesday at $2.68 with over 2.4 million shares traded by the market close. 22nd Century's wholly-owned subsidiary, Botanical Genetics, LLC, with a worldwide license agreement with Anandia Laboratories Inc. holds an exclusive sublicense in the United States and a co-exclusive sublicense in the remainder of the world, excluding Canada, to patents and patent applications relating to the cannabis plant that are required for the production of cannabinoids, the major active ingredients in the cannabis plant. The Anandia sublicense continues through the life of the last to expire patent, which is expected to be 2035. The Company's ongoing research is product-oriented and focused on developing a range of next generation industrial hemp plants that contain optimized levels of medically important cannabinoids, such as CBD, CBC, and CBG. In collaboration with the Company's university research partners, Botanical Genetics is also working to optimize Hemp varieties for various climates around the world. THC-free cannabis is an ideal agricultural crop and an excellent source of medically important cannabinoids. 22nd Century has the exclusive rights to commercialize the plants arising from these collaborative projects in the United States.
Medical Marijuana Inc. (OTC: MJNA) closed up 2.90% on Tuesday with over 8.8 million shares traded by the market close. The company recently announced that August 2017 was the Company's largest revenue month in its history. Additionally, wholly-owned subsidiaries Kannaway® and HempMeds® Mexico experienced their largest months of revenue in their respective histories. "Kannaway's growth has been particularly stunning since it's re-launch in March 2016," said Kannaway CEO, Blake Schroeder. "Kannaway's revenue has increased over 25 times during that time-period, and the company intends to launch a series of new products in Q4 2017 as it gears up for its regional convention this fall in Denver, Co. Additionally, there are plans to launch into Europe later this year. We fully expect Kannaway's aggressive growth to continue!"
Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB.TO) on Tuesday closed up 1.35% at $2.25 on the OTC Markets trading over 1 million shares traded and closed up slightly on the Toronto Exchange at $2.73 on over 2.3 Million shares traded by the market close. The company recently announced it has surpassed 19,000 active and pending registered patients less than 20 months after the Company's first product sale in January, 2016. Aurora added approximately 3,000 patients during the months of July and August, 2017. Aurora is on track to set a new monthly revenue record, projecting gross revenues[i] for cannabis sales in Canada and Germany to exceed $3.0 million for August 2017 . In Canada , the Company anticipates selling more than 275,000 grams or gram equivalents of cannabis products, and shipping approximately 15,000 orders this month. Both figures represent new highs for Aurora. Exceptional demand for the Company's cannabis oil products has proven to be a significant revenue driver, with sales now representing approximately 26% of gross revenues.
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