Liberty Health Sciences Inc (OTCMKTS:LHSIF) just announced that it has partnered with iHeartJane www.iheartjane.com, the leading eCommerce platform for dispensaries and brands in the U.S., to offer a seamless retail shopping experience for Liberty patients who order products on the Company’s website at a dispensary level.
According to the release, “Liberty now displays its product availability and pricing in real-time on an easy-to-use online ordering platform empowering patients to shop for their favorite brands from their favorite local Liberty dispensary. Currently the service allows patients to reserve their products for pick-up only.”
Liberty Health Sciences Inc (OTCMKTS:LHSIF) frames itself as a company that engages in the production and distribution of medical cannabis primarily in the State of Florida.
It has a strategic partnership with Veterans Cannabis Project to support various research projects focused on the treatment of service related trauma with cannabis derived products; and partnership with AdaViv Inc. to enhance production of cannabis.
The company is headquartered in Toronto, Canada.
Liberty Health Sciences was established to own and operate medical marijuana licenses in the United States. To date, the company owns one of 14 licenses issued in the state of Florida as well as 50.1% interest in a provisional processing license and a provisional dispensary license, both in Ohio. Liberty has also made an investment in a provisional medical license in the Commonwealth of Massachusetts.
According to company materials, “Liberty is the cannabis provider committed to providing a trusted, high quality cannabis experience based on our genuine care for all cannabis users and a focus on operational excellence from seed to sale and beyond. Liberty’s measured approach to expansion opportunities maximizes returns to shareholders, while keeping consumers’ well-being at the forefront of what we do.”
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As noted above, LHSIF just announced that it has partnered with iHeartJane (“Jane”) www.iheartjane.com, the leading eCommerce platform for dispensaries and brands in the U.S., to offer a seamless retail shopping experience for Liberty patients who order products on the Company’s website at a dispensary level.
We’ve witnessed 17% tacked on to share pricing for the stock in the past month. Moreover, the name has benefitted from a jump in recent trading volume to the tune of 21% beyond what we have been seeing over the larger time frame.
“Liberty remains the gold standard for customer experiences centered around convenience and Jane allows us to set ourselves apart in providing our patients with a variety of integrated technologies that makes their life easier while enjoying our products,” said Victor Mancebo, Interim Chief Executive Officer of Liberty. “Jane is a fully automated solution that live-streams all of our products in real-time so our patients will know 100 percent of the time where and when their product is available for pickup. Establishing such a solid platform for our customers is pivotal to our overall growth.”
Earning a current market cap value of $188M, LHSIF has a significant war chest ($23.9M) of cash on the books, which is balanced by about $6.4M in total current liabilities. LHSIF is pulling in trailing 12-month revenues of $22.8M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 378.9%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LHSIF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LHSIF, either long or short, and we have not been compensated for this article.