4 Marijuana Stocks on the Rise
CORAL GABLES, FL / ACCESSWIRE / December 20, 2018 / The cannabis industry has been booming for several years now as legislation has come to pass, with public opinion following suit. With this new market, we've seen the amount of public support for cannabis soar well over 60%, subsequently driving an increasing amount of investments into the budding market. As more and more flood into the industry, Premier Health Group (OTC:PHGRF) (CSE:PHGI), Hem, Inc. (HEMP), Tilray, Inc. (TLRY), and New Age Beverages Corporation (NBEV), are 4 marijuana stocks getting a boost in the market.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) opened Thursday trading with a bang at $0.69 per share, up from $0.53 at the end of October and $0.59 on December 9. Premier Health Group (OTC:PHGRF) (CSE:PHGI) has had an exciting couple of weeks, with announcements regarding two different letter of intent agreements making headlines across the globe. Last week, the Company announced that as part of its growth strategy to cover the major verticals associated with primary care, it has signed a binding of LOI to acquire a Vancouver, British Columbia based pharmacy.
Per their press release regarding the matter, the total consideration payable by Premier is $1,350,000, which will be paid over the course of six months following the closing of the deal.
''We are excited for this opportunity to acquire our first pharmacy, and thereafter being able to prepare and deliver prescription and non-prescription pharmaceuticals and other health products to patients. In doing so, the pharmacist will play an integral role in our team-based patient centric model,'' said Dr. Essam Hamza, CEO of Premier. '' Premier has engaged with patients, pharmacies and technology providers to not only introduce pharmacy services as a component of our comprehensive telemedicine app, but also to explore and implement efficiencies in fill and fulfillment.''
For More Information On Premier Health Group, Click Here
Hemp Inc (HEMP) has seen its shares skyrocket over the course of the last few weeks, following Congress's passing of the farm bill which, included in its verbiage, federally legalized mass production and farming of hemp. Although government officials still don't fully understand the differences between hemp and marijuana, the Company's shares shot up 8.74% in early trading on Thursday. Over the past month, Hemp, Inc's stock has rallied over 100% as investor confidence has dramatically increased.
''Hemp, Inc is committed to meeting market demand for high-quality hemp and derived products, building on our strategic operations throughout the country to ensure Hemp, Inc's standing as one of the premier growers, suppliers and manufacturers of hemp to the US,'' said CEO Bruce Perlowin.
For More Information On Hemp, Inc., Click Here
Tilray, Inc, 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 were up 10% to $78.17 per share in early trading on Thursday.
''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.
For More Information on Tilray, Inc., Click Here
New Age Beverages (NBEV) along with other cannabis stocks started Thursday off strong, trading at $6.28 per share, up almost 12% from Friday's close of $5.53 per share. Earlier this month, the Company announced the signing of 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.
For More Information On New Age Beverages Corporation, Click Here
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MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), MIDAM VENTURES, LLC and Premier Health Group Inc., Midam was hired for a period from 10/1/2018 – 4/1/2019 to publicly disseminate information about Premier Health Group Inc., including on the website and other media including Facebook and Twitter. Midam was paid $100,000 (CASH) for & were paid ''500,000'' shares of restricted common shares. We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six-month restriction is complete on 4/1/2019 Midam plans to sell the ''500,000'' shares of Premier Health Group Inc., that Midam holds currently in restricted form during the time the website and/or Facebook and Twitter information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Premier Health Group Inc., in the open market at any time, including before, during or after the website and information, provide public dissemination of favorable information. Click here for our full disclaimer.
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