CORAL GABLES, FL / ACCESSWIRE / February 13, 2019 / The marijuana stock market has seen impressive gains over the course of the first two months of the new year. Following the monumental passage of the US Farm Bill, companies in the sector have ramped up production on legal hemp to develop products using the crop. In addition to the Farm Bill, we've seen several other states mass key legislation in support of legalizing marijuana. Whereas generations prior condemned the substance and wrote it off as a harmful "narcotic," public perception of cannabis is changing on a daily basis, and opinions are turning largely favorable. If the cannabis sector continues to earn more public approval, companies in the space may see investors paying closer attention in the near future. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Aurora Cannabis Inc (NYSE: ACB, TSX: ACB), Pyxus International Inc (PYX), and Canopy Growth Corp (CGC) represent four cannabis companies determined to advance their industry into the future.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company determined to meet the challenges of our ever-evolving healthcare system. Advancements in telemedicine and other medical technologies have driven patients to demand better quality treatments from their healthcare professionals. Premier is focused on developing innovative approaches that combine human skill-based expertise with state-of-the-art technologies to create the best possible treatment options for their growing patient network. The Company's subsidiary, HealthVue, currently boasts an ecosystem of over 100,000 active patients and plans to rapidly increase that number both domestically and internationally.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced towards the end of last week that the Company is now formally entering the cannabis clinic space. Premier's recent acquisition of Cloud Practice Inc has provided an underlying platform to help empower and streamline patient-doctor interaction. Whereas other clinics typically struggle with the labor-intensive process of onboarding patients, this will be done automatically with Premier's smart EMR.
As public approval of cannabis has increased, so too has the interest in using medical marijuana to treat a myriad of ailments. In recognition of this opportunity, Premier is building out its healthcare platform to incorporate cannabis into its care offerings. The healthcare professional need only identify patients who could benefit from medical cannabis, and Premier Health Group (OTC:PHGRF) (CSE:PHGI)'s integrated technology will assess the patient's data, and through the use of analytics, output a comprehensive recommendation along with links to corresponding research relevant to the diagnosis.
Dr. Essam Hamza, CEO of Premier Health Group (OTC:PHGRF) (CSE:PHGI), commented, "We are currently working on a partnership model to hard code the decision-making process into the Electronic Medical Records (EMR). There has been a critical gap between the patient's need for medical cannabis and the doctor's knowledge and comfort level in prescribing it. At Premier we understand the frustration felt from both the patient and the doctor and are integrating what we think is a revolutionary process. This new tool will allow us to provide a much-needed service to the 287 clinics and almost 3 million patients in our ecosystem."
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Aurora Cannabis Inc (ACB) today provided an update to its strategic investment in High Tide Inc, an Alberta-based, vertically-integrated cannabis corporation. Since Aurora first invested its initial $10 million in the High Tide convertible debenture offering back in December 2018, the Company has achieved impressive amounts of strategic growth.
Terry Booth, Chief Executive Officer of Aurora, commented, "the pace of achievements by High Tide in such a short period of time reinforces the value of our strategic investment. We're pleased with the rigor Raj and his team has shown in strategically allocating our capital to fuel their growth initiatives and we look forward to what High Tide will achieve in this important segment of the Canadian consumer cannabis market."
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Pyxus International Inc (PYX), a global value-added agricultural company, announced results for its third fiscal quarter ended December 31, 2018, earlier this week. The Company shared that its selling, general, and administrative expense increased 21.6% to $41.7 million driven by the requirements of the Company's new business ventures as their continued expansion requires increases related to branding, marketing, advertising, and new personnel, of which $9.6 million was associated with those new business segments.
Following the announcement, Pieter Sikkel, CEO and Chairman, commented, "we are confident that we will see continued momentum as we move into the fourth quarter. We remain focused on long-term debt reduction and have now purchased approximately $100 million of our most expensive debt since we began our debt buy-back program."
For More Information On Pyxus International Inc, Click Here
Canopy Growth Corp (CGC) announced towards the end of last week that the Company intends to increase its total investment in Canopy Rivers Inc by $30 million. Per the details of the announcement, the investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers. Once the deal is completed, Canopy Growth will increase its ownership of Canopy Rivers' issued and outstanding shares.
Bruce Linton, Founder and Co-CEO, Canopy Growth, stated, "by increasing Canopy Growth's investment in Canopy Rivers, we are demonstrating our interest in growing great companies, developing selective opportunities and delivering Canopy's shareholders more growth."
For More Information On Canopy Growth Corp, Click Here
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