Four Pot Stocks Looking To Close Out a Strong Week
CORAL GABLES, FL / ACCESSWIRE / February 21, 2019 / The 2019 year has already shown a significant amount of upward momentum for the marijuana stock market. A key reason for this tidal shift of positive energy is due to the fact that companies throughout the industry are progressing because many states in the U.S., as well as Canada, have passed legislation in favor of legalizing cannabis. Lawmakers have recognized the massive economic benefits of allowing for the enrichment of cannabis industries in their respective states, and hopefully, the U.S. federal government will pass legislation of their own in the future. These legislative milestones coupled with a generally positive disposition towards cannabis from the public has created an incredibly friendly investor atmosphere for the marijuana sector. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Emerald Health Therapeutics Inc (EMHTF) (TSX-VEMH), CannTrust Holdings Inc (OTC PINK: CNTTF), and KushCo Holdings Inc (KSHB) are 4 pot stocks that could test this week's highs.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) primarily functions as a healthcare company focused on developing innovative healthcare approaches that combine human skill-based expertise with emerging technologies, but this herein lies their ability to rise above other companies in the cannabis sector. Over time, medical researchers have demonstrated the countless medical benefits of cannabis, and Premier's leadership team has made key acquisitions and investments to provide these benefits to the Company's active patient network consisting of 300,000 members.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) provided consumers and investors in the cannabis sector with a corporate update towards the end of last week. Over the past year, the Company has completed several key strategic acquisitions, including Cloud Practice Inc, a healthcare technology company that provides cloud-based electronic medical records software applications for physicians throughout Canada. Cloud Practice has seen revenue growth in excess of 30% year over year for the past 3 years. Not only does this acquisition expand the Company's footprint across Canada, it also provides an opportunity to plug in its services to Cloud Practice's current client base.
Amid their corporate update, Premier Health Group (OTC:PHGRF) (CSE:PHGI) spoke on plans for further expanding their operations. As for the Company's next move, they will be entering the Cannabis clinic space. The role of Cannabis in treating medical conditions is continuously expanding to help patients with acute & chronic symptoms. Currently, there is a critical gap between the patient's need for medical cannabis, and the physician's comfort and knowledge to prescribe it.
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Emerald Health Therapeutics Inc (EMHTF) (EMH) announced earlier this week the launch of Verdélite Sciences Inc., a wholly-owned, Québec-based production subsidiary licensed by Health Canada. Formerly known as Agro-Biotech, Verdélite currently produces high-grade dried cannabis for medical and adult-use purposes.
Following their announcement, Thierry Schmidt, President of Verdélite Sciences, said, "Verdélite will be synonymous with differentiated and value-added cannabis products, and we are pleased to see the level of industry skill and enthusiasm coming from the Saint-Eustache community and the local interest and support to help contribute to our success."
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CannTrust Holdings Inc (CNTTF) yesterday announced that the Company has satisfied all regulatory requirements to list its common shares on the New York Stock Exchange. The Company will begin offering its common shares on the NYSE starting February 25, 2019, under the ticker symbol "CTST."
Peter Aceto, Chief Executive Officer of CannTrust, stated, "we have taken steps to strengthen our management team to accelerate our growth as we face high demand for our products and expertise, both domestically and internationally. We expect the NYSE listing will result in an expanded institutional and retail shareholder base, increased capital markets exposure and firmly establish CannTrust as a global company."
For More Information On CannTrust Holdings Inc, Click Here
KushCo Holdings Inc (KSHB) found itself in headlines today when the Company announced that has added Danny Moses, a private investor and entrepreneur best known for his role as a trader navigating the global financial crisis as chronicled in Michael Lewis's best-selling novel "The Big Short" and Adam McKay's Oscar-winning movie of the same name, and Tim Seymour, Chief Investment Officer of Seymour Asset Management, and best known as the co-host of CNBC's Fast Money, to the Company's Advisory Board.
Following the announcement, Nick Kovacevich, CEO of Kushco, said, "both Danny and Tim are invaluable resources to the KushCo Advisory Board with their distinct knowledge and experience. Danny is one of the most distinguished investors on Wall Street and will provide useful insights into our M&A and capital strategies."
For More Information On KushCo Holdings Inc, Click Here
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