CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / Marijuana stocks have been making big waves for some time now, but the last few weeks have remained especially positive for the industry. With the introduction of the US Farm Bill and the advent of legal hemp, cannabis stocks have seen impressive gains over the last month or so, with no signs of slowing down.
With the increase of capital and the sheer amount of business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. As we head into the last few weeks of January, Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) , HEXO Corp (OTC PINK: HYYDF), Innovative Industrial Properties Inc (NYSE:IIPR) and Aphria Inc (NYSE: APHA, TSX: APHA) are for pot stocks worth keeping tabs on.
Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) has seen impressive gains during the month of January, as the cannabis sector has garnered significant notoriety, as well as a major increase in public support. Recently, Premier has largely focused its efforts on investing in opportunities meant to blend the nuances of the healthcare and cannabis industries to champion products and services for patients in both sectors.
Earlier this week, Premier Health Group (OTC:PHGRF) (CNSX:PHGI.CN) announced that as part of its international expansion strategy, it has entered into a strategic partnership with China’a 360 Health, a healthcare subsidiary of 360 Security Technology. The parent company, 360 Security Technology, is a leading online service company in China with a market capitalization of over $20 billion USD as of January 16, 2019 . As part of the collaboration, Premier and 360 Health will implement an infrastructure whereby Premier will be providing second opinion services by connecting 360 Health’s patients in China with doctors in Canada both remotely and in person. Premier will also assist with General Practitioner training virtually and onsite through medical seminars.
In response to this announcement , Dr. Essam Hamza, CEO of Premier, said, “We are very excited to be working with 360 Health as China continues to adopt a Family Practice primary care model and look forward to helping them establish themselves as a leader in primary care. This partnership represents an excellent opportunity for Premier to tap into the fastest growing telemedicine market globally.”
HEXO Corp (HYYDF) has seen impressive growth today, as its shares have jumped 6.54%, trading at $5.15 per share in mid-afternoon trading on Friday. Earlier this week, the Company announced that its common shares had been approved to be listed on the New York Stock Exchange American LLC and would commence trading effective at the open of markets on January 23, 2019. Per the announcement, the Company intends to cease the quotation of its shares on the OTCPK under the symbol “HYYDF.” While shareholders are not required to take any action, the Company recommends that holders who bought shares monitor their accounts to ensure their holdings reflect the new symbol.
Innovative Industrial Properties Inc (IIPR), one of the few publicly traded real estate companies focused on the cannabis industry, announced towards the end of December 2018 that it closed on the acquisition of a property in Barry, Illinois, which comprises approximately 75,000 square feet of industrial space situated on approximately ten acres.
Paul Smithers, President, and CEO of Innovative Industrial Properties said, “We are very pleased to close on this transaction with Ascend in Illinois, marking our ninth state where we own properties. We look forward to supporting Ascend as their long-term real estate partner, as they launch and continue to expand their operations in a number of states to meet the tremendous demand for patient treatment.”
Aphria Inc (APHA) today announced that it had entered into an exclusive agreement with Toronto-based UNOapp Inc to collaborate on the development of technology and analytics solutions for Canada’s adult-use cannabis industry.
Following the announcement, Jakob Ripshtein, President of Aphria, commented, “With our innovation-focused approach, Aphria is setting the pace for the evolution of the adult-use cannabis industry in Canada. Our industry’s long-term future will be driven by consumer-centric, innovation-led product, brand and technology solutions. We are excited about this collaboration with a fantastic technology partner in UNOapp and look forward to developing industry-leading solutions that shape the adult-use cannabis market for years to come.”
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