CORAL GABLES, FL / ACCESSWIRE / January 22, 2019 / The marijuana stock market around the nation has become extremely positive in the past year and beyond. With so many changes happening around the market, whether it be legislative or other, market analysts have stated that this could be the year of cannabis. With the global medical marijuana market predicted to reach $55.0 billion by 2024, according to a new research study published by Global Market Insights, Inc, it stands to reason that companies with the ability to combine the complex medical applications of cannabis with integrative healthcare frameworks could create potential opportunities from entering the nascent marijuana industry. With the new year onlyone month old, Premier Health Group (PHGRF) (PHGI) , Cronos Group Inc (NASDAQ:CRON) (TSX:CRON.TO), TerrAscend Corp (OTCQX:TRSSF), and GW Pharmaceuticals plc (NASDAQ:GWPH) are four pot stocks representing companies helping the whole of their industry move forward.
Premier Health Group (PHGRF) (PHGI) is a company focused on redesigning how medical care is received and implementing nuanced practical applications for cannabis products in the healthcare space. In recent months, the Company has made strategic investments in companies and products to introduce cannabis to the medical field, while simultaneously garnering significant support from the public as well as investors in the cannabis sector.
Premier Health Group (PHGRF) (PHGI) announced at the tail-end of last week that as part of its international expansion strategy, it has entered into a strategic partnership with China’s 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.”
Cronos Group Inc (CRON) saw its shares jump up 2.05% to $15.20 per share, following a company announcement from last week that indicated the Company had sent out meeting materials for their upcoming special meeting of shareholders to be held on February 21, 2019. According to the announcement, the documents will include information pertaining to the proposed C$2.4 billion equity investment by Altria Group Inc in Cronos Group previously announced on December 7, 2018.
TerrAscend Corp (TRSSF), a biopharmaceutical and wellness company working to manufacture and offer quality products for the global cannabinoid market, announced earlier this month that it had closed on a previously reported asset acquisition of Grander Distribution LLC. Grander is one of several industry leaders in the production and distribution of innovative hemp-derived wellness products.
GW Pharmaceuticals plc (GWPH) enjoyed impressive gains on Tuesday as its shares climbed 1.7% in mid-afternoon trading, jumping to $139.62 per share. Just before the end of 2018, the Company announced that Justin Gover, their Chief Executive Officer, would present a company update at the J.P. Morgan 2019 Healthcare Conference in San Francisco, CA at the beginning of January 2019. According to several media outlets, updates on the Company’s presentation should be made available to the public shortly.
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