CORAL GABLES, FL / ACCESSWIRE / January 2, 2019 / The way people receive health care , including medical marijuana, is evolving. As public opinion surrounding cannabis becomes increasingly more favorable, the marijuana industry may begin to present an appealing opportunity for investors looking into the nascent sector. As experts and professionals in the field work to develop innovative approaches to developing products utilizing medicinal cannabis/hemp, the industry as a whole may benefit. Premier Health Group (PHGRF) (PHGI) , Aphria Inc (NYSE:APHA), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED.TO), and Cronos Group Inc (NASDAQ:CRON) are 4 pot stocks worth looking into as the new year rolls onward.
Premier Health Group (PHGRF) (PHGI) has come into the limelight this past year as a result of the Company’s dedication to investing in the development of innovative, high tech treatment solutions for patients in the primary care space. Over the course of the past thirty days, Premier has seen a period of bullish trading as its shared climbed over 30% this past month.
Back in November, Premier Health Group (PHGRF) (PHGI) announced plans to expand the scope of its practice by launching a Cannabis Clinic for its patients. Recent reports indicate that the Company currently boasts an ecosystem of over 100,000 active patients in their network, with plans in the works to increase those numbers on a global scale.
Dr. Essam Hamza, Chief Executive Officer of Premier Health Group (PHGRF) (PHGI) said, “The role of Cannabis in treating medical conditions is continuously expanding. Our doctors have had success in treating their patients with various ailments from chronic pain to cancer-related symptoms. Unfortunately, there is a gap between the patient’s need for medical marijuana, and the family doctor’s comfort and knowledge to prescribe it. We are looking to fill that gap with various forms of clinics and services to help our patients and healthcare workers.”
Aphria, Inc (APHA) made headlines on Wednesday when it announced that its Columbiam subsidiary, Colcanna SAS had signed an exclusive agreement with the Federacion Medica Columbiana, a national entity that oversees the ethical exercise of medical professionals in Colombia, to collaborate on an academic curriculum on the medicinal use of cannabis.
Gabrial Meneses, Vice President, LATAM and Caribbean for Aphria, said, “Education in the medical community is critical for sustaining the advancement of medical cannabis in Colombia.Colcanna is proud to make this exclusive arrangement with Federación Medica Colombiana, which will offer doctors and medical professionals across the country a credible and trusted source of information and training on medical cannabis.”
Canopy Growth Corporation (CGC) (WEED) announced, in early December, that it had entered into a multi-year extraction agreement with Valens GroWorks Corp, a licensed, vertically integrated provider of cannabis procured and services. Under the terms of the agreement, Valens will utilize their proprietary technology and methodologies to process the Company’s whole flower and trim into high-grade cannabis resin.
Mark Zekulin, President & Co-CEO, Canopy Growth, commented, “Diversifying our extraction supply capabilities with Valens, a company positioning itself as a specialized extractor, increases our ability to supply a consistent, high-quality inventory of oils for products such as Softgels. We’re also excited to see Valens progress in its licensing capabilities so that it can add its products to our CraftGrow program, increasing the diversity of high-quality cannabis products available for medical and recreational customers in 2019.”
Cronos Group Inc. (CRON) made headlines earlier this month when the Company announced it had entered into a subscription agreement with Altria Group, Inc. pursuant to which Altria agreed to make an approximately $2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
In a press release regarding the matter, Cronos Group’s Mike Gorenstein, Chairman, President and Chief Executive Officer said, “Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth. The proceeds from Altria’s investment will enable us to more quickly expand our global infrastructure and distribution footprint, while also increasing investments in R&D and brands that resonate with our consumers. Importantly, Altria shares our vision of driving long-term value through innovation, and we look forward to continuing to differentiate in this area.”
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