CORAL GABLES, FL / ACCESSWIRE / December 21, 2018 / The excitement surrounding the nascent marijuana industry is increasing every single day. Better yet is that the 2018 Farm Bill was approved by both the House and the Senate, leaving only a signature needed from President Donald Trump to make the bill into law. Following the enactment of the farm bill, the cannabis sector, now with the ability to capitalize on legalized hemp production, may present a massive opportunity for one of the hottest industries on the market. Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) , Tilray, Inc (NASDAQ:TLRY), New Age Beverages Corporation (NASDAQ:NBEV), and Pyxus International Inc (NYSE:PYX) are 4 pot stocks that are picking up speed in the market.
Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) closed out Thursday’s trading at $0.67 per share, up from just $0.53 in October, and $0.59 several weeks ago on December 9. The Company is developing innovative healthcare approaches that combine human skill-based expertise with emerging technologies. Premier boats an active patient network of over 100,000 individuals who utilize the company’s subsidiary, HealthVue.
Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) announced, at the tail-end of November, that it had began discussions with licensed cannabis producers under the Access to Cannabis for Medical Purposes Regulation (ACMPR), as well as Canadian government officials in an effort to put in the groundwork to potentially start treating patients with medicinal cannabis products.
”With over 110,000 active patients in our clinic ecosystem, it is important that we provide them with the best possible information that allows them to make informed decisions about their personal and family’s health. Providing our family physicians with the appropriate tools and knowledge to prescribe cannabis or with the ability to refer patients to a specialist within our clinics is a key outcome of this initiative,” said Dr. Essam Hamza, CEO of Premier Health.
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Tilray, Inc, (TLRY) one of Canada’s largest producers of cannabis, announced on Thursday that it would be teaming up with AB InBev, the parent company of Budweiser beer and other alcoholic beverages, to research and develop cannabis-infused drinks. According to reports, the Company will invest a combined $100 million into researching non-alcoholic beverages with the relaxing, medicinal qualities of cannabinol, commonly known as CBD.
Following this announcement, Tilray’s shares closed 10% higher than Friday’s $71.00 per share day, at $78.30.
”We intend to develop a deeper understanding…that will guide future decisions about potential commercial opportunities,” said Kyle Norringon, president of Ab InBev’s Canadian subsidiary Labatt Breweries.
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New Age Beverages (NBEV) along with other cannabis stocks, had an impressive close on Thursday, ending the day 17.9% higher than last Friday’s close of $5.60, at $6.60 per share. Several weeks ago, the Company made the headlines with an announcement that it hadsigned into a definitive agreement to acquire Morinda Holdings, Inc., the Utah-based lifestyle and beverage company which operates in over 60 different countries around the world.
The merger creates the 40th largest non-alcoholic beverage company in the world with $300 million in net revenue, $20 million in adjusted EBITDA, $200 million in assets, no debt, and $40 million in cash and working capital.
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Pyxus International, Inc (PYX) issued a statement from Pieter Sikkel, the Company’s president and Chief Executive Officer, in full support of US Congress’passing of the 2018 Farm Bill, following President Trump’s signing of the bill intoa law. Per the press release, the Company is ecstatic that hemp will no longer be considered a controlled substance and have the ability to become an agricultural commodity.
“We are excited about the breadth of opportunities provided by the Farm Bill. We will utilize our strong heritage of agronomy expertise, paired with our track and trace technology, SENTRI, to help American farmers capitalize on this emerging market to efficiently and profitably cultivate hemp. That hemp can be processed into hemp-derived cannabidiol (CBD) at our affiliate, Criticality, LLC’s, state-of-the-art 55,000-square-foot extraction and purification facility in Wilson, North Carolina, expected to open in early 2019. We are also working with Criticality to help them partner with retailers to capitalize on the rapidly-growing, high-margin CBD market ‘with Criticality’s new line of CBD products, Korent, and new and beneficial products in its innovation pipeline.”
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