CORAL GABLES, FL / ACCESSWIRE / March 12, 2019 / The future of the marijuana stock market, as well as the cannabis industry, is directly correlated to other industries accepting the fact that cannabis companies are here to stay. Over the last few months, we've seen several cannabis companies tap into other markets by showcasing top-line products meant to improve the lives of consumers regardless of the sector. As public opinion surrounding marijuana has become increasingly more favorable, industries like the medical sector have benefitted from investing in medicinal cannabis as a means of alternative treatment. Investors looking for lucrative opportunities could benefit from keeping tabs on the cannabis sector. Premier Health Group (OTC:PHGRF) (CSE:PHGI), HEXO Corp (NYSE American: HEXO, TSX: HEXO), Aurora Cannabis Inc (ACB), and Terra Tech Corp (OTCQX:TRTC) are 4 marijuana stocks leading the pack on Tuesday.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company determined to develop innovative approaches that combine human skill-based expertise with state-of-the-art technologies to offer to their patients the best possible treatment solutions and primary care. In recognition of the shifting tides surrounding public acceptance of medicinal cannabis as an acceptable treatment option, the Company recently announced its intention to enter the cannabis clinic space.
In more recent news, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced earlier this month that it will be working with NexTech AR solutions to explore bringing augmented reality technology to its patient-centric healthcare app. Utilizing AR as a learning tool in training healthcare professionals creates a highly engaging and immersive educational experience which aids in retention and how well complex concepts can be grasped. For patients, AR can potentially empower them to play a more proactive role in their own care through aiding in self-diagnosis.
Following the announcement, Evan Gappelberg, CEO of NexTech, said, "we are excited to work with the team at Premier Health Group (OTC:PHGRF) (CSE:PHGI) to explore creating a custom AR and AI solution to address the healthcare market which represents another multi-billion dollar vertical ripe for disruption. AR allows medical knowledge, skills, and expertise to be shared remotely at the moment, ensuring they get where they are needed most".
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HEXO Corp (HEXO) today announced that it is the first cannabis company join Food & Consumer Products of Canada, the largest voice of the Canadian food, beverage and consumer products industry. FCPC exists to help its members deliver safe and affordable products that enrich people's lives.
Sébastien St. Louis, HEXO Corp's CEO and co-founder, said, "HEXO is thrilled to be the first cannabis company to join the Food & Consumer Products of Canada, an established and industry-leading association in the consumer-packaged goods space. We look forward to working with FCPC and all their members to forge new relationships and potential partnerships. It is an exciting time to be in the ever-evolving cannabis industry."
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Aurora Cannabis Inc (ACB) found itself in headlines yesterday when the Company announced that it has commenced sales of cannabis oils to German pharmacies following receipt of all necessary approvals from the Canadian and German regulatory authorities. Pedanios 5/1 drops have become the first extract derived oil product compliant with the German monograph for in-pharmacy preparation.
Neil Belot, Aurora's Chief Global Business Development Officer, said, "having established early mover advantage in selling cannabis oils in Germany, we are exceptionally positioned to extend our market leadership and accelerate the growth of our European operations. As our global production capacity continues to ramp up, we are able to strategically allocate more product from our EU GMP certified cultivation facilities to this higher margin market that continues to be significantly undersupplied."
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Terra Tech Corp (TRTC), a vertically-integrated cannabis-focused agriculture company, yesterday announced that the Company will release its full-year 2018 results on Thursday, March 14, 2019, after U.S. markets close. The Company has generated significant market excitement this month as a result of the completion of its cultivation facility located on West Grand Avenue, Oakland, in California.
Per the details of the renovation plan, the newly renovated facility features an upgraded power capacity to allow for more output and a larger vegetation room to support the cultivation of a greater variety of cannabis strains. The rooms are redesigned to incorporate better environmental controls, therefore improving the Company's ability to cool and dehumidify the rooms and minimize the risk of mold growth.
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