CAMPBELL, CA–(Marketwired – Apr 14, 2016) – Friendable, Inc. (OTC PINK: FDBL), a mobile application developer, is pleased to announce that its submission of a major app update for Friendable iOS/iPhone users has been approved and is now available in the Apple iTunes App Store. These major app updates completed in the iOS version of the Friendable app were designed to spur new user downloads and registrations.
Among the upgrades included are the following features:
Users can now sign in and connect using Facebook, the world’s largest social network.
A new proprietary location database connected to Google Places.
An all-new registration and onboarding process, making the signup process faster and simpler.
Event selectors are now icon based, adding ease and charm to each action.
Updated User Interface (UI) to the all-important member profile screens.
“Our entire team is in agreement, these updates significantly improve the user experience for iOS users making the Friendable app even friendlier,” said Robert Rositano, Jr., CEO, Friendable, Inc. “The updated integration with Facebook is a big deal for us, among various other advancements and by using a trusted verification platform like Facebook to incent users to login using this method, is just one more feature that will improve the user experience. We expect these changes to significantly increase new user signups and provide the foundation to boost revenue opportunities as we continue our focus on overall user population and growth.”
About Friendable: Friendable Inc. is a mobile application developer whose Friendable app makes it simple and easy for users to make connections and meet new friends using shared interests and location. These interactions allow Friendable to generate ad revenue by providing advertisers such as restaurants, bars and events with the opportunity to reach potential customers when it matters most: which is when Friendable users are nearby and searching for something to do.
Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements. The words or phrases “would be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” or similar expressions are intended to identify “forward-looking statements.” Actual results could differ materially from those projected by Friendable, Inc. The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the Friendable’s common stock or its present or future financial condition. The public filings of Friendable, Inc. made with the Securities and Exchange Commission may be accessed at the SEC’s Edgar system atwww.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Friendable, Inc. cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, Friendable, Inc. does not undertake, and Friendable, Inc. specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Looking at three US cannabis companies, the author notes that growth among these companies significantly outpaced the S&P 500. The companies noted include Green Thumb Industries (OTC:GTBIF) and Cresco Labs (OTC:CRLBF), who saw significant growth in their home state of Illinois, and Trulieve Cannabis (OTC:TCNNF), which has a strong foothold in Florida’s medical cannabis industry.
Companies like Village Farms International (NASDAQ:VFF), a greenhouse agriculture giant, and real estate developer Innovative Industrial Properties Inc. (NYSE:IIPR) are expanding into the industry as well. Similarly, not all companies focus on the psychoactive plant that is the primary focus of legalization - companies like Charlotte’s Web (OTCMKTS:CWBHF) focus on non-psychoactive, therapeutic products that have also seen growing interest.
Among the companies mentioned by the author were Cresco Labs (OTC:CRLBF), who currently operates in 9 states and is positioned to enter additional markets with strategic acquisitions later this year. The writer notes another multi-state operator that currently operates in 12 states - Green Thumb Industries (OTC:GTBIF), which also has an eye toward new markets and partnerships. Finally, the author notes Jushi Holdings (OTC:JUSHF), which currently operates 16 retail locations across 4 states.
On the flip side, American companies, such as Curaleaf (OTC:CRLF), Cresco Labs (OTC:CRLBF), and Trulieve (OTC:TCNNF) have had to trade in more limited OTC markets. Despite this, demand for cannabis in the US is poised to outpace the Canadian market once federal legalization occurs, unleashing pent up investor demand simultaneously. If the SAFE Banking Act were to allow US-based cannabis companies to trade on major exchanges, Canadian companies may lose their premium placement currently enjoyed.
Currently, the analyst consensus on Avadel Pharmaceuticals is a Strong Buy with an average price target of $20.25, a 167.9% upside from current levels. In a report issued on March 1, Oppenheimer also maintained a Buy rating on the stock with a $19.00 price target
Further developments are also taking place in the Southwest through companies such as CLS Holdings USA, Inc. (OTCQB:CLSH;CSE:CLSH). CLS Holdings USA, Inc. (OTCQB: CLSH; CSE:CLSH) is a vertically integrated cannabis producer and retailer offering a wide variety of cannabis products through two subsidiaries: Oasis Cannabis and City Trees. The Company holds a U.S. Patent for a proprietary extraction and conversion methodology, which delivers products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting
While more nations are passing federal cannabis legalization, the process is still piecemeal in the United States, where companies like CLS Holdings USA, Inc. (OTCQB:CLSH;CSE:CLSH) stand to be big winners. CLS Holdings USA, Inc. (OTCQB: CLSH; CSE:CLSH) is a vertically integrated cannabis producer and retailer offering a wide variety of cannabis products through two subsidiaries: Oasis Cannabis and City Trees. The Company holds a U.S. Patent for a proprietary extraction and conversion methodology, which delivers products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting.
Among these ten were MedMen Enterprises (NASDAQOTCBB:MMNFF), which rose 208%, OrganiGram Holdings (NASDAQ:OGI), which rose 66%, and Sundial Growers (NASDAQ:SNDL), which rose 63%. The author notes three primary catalysts that may have impacted growth across the sector - retail investors’ growing interest in inexpensive stocks, excitement building around the potential for US legalization, and increasing amount of merger and acquisition activity.