These 4 Marijuana Stocks Could Take Off
CORAL GABLES, FL / ACCESSWIRE / February 20, 2019 / When talking about the marijuana stock market, typically the first idea that comes to mind is the volatile nature of the industry which fuels it. This is mainly because so much is taking place at any given moment in the cannabis sector that, sometimes, people are unsure of what to do. The fact is that the marijuana industry is still very much in its infancy because, until recently, society had historically been vehemently opposed to cannabis. As a result of the passing of new legislation in support of legalizing cannabis, there has been a remarkable shift in public opinion on marijuana and its potential benefits, resulting in more companies entering the space with innovative ideas for creating products for consumers. If this continues, the cannabis industry may see an increase in investor attention in the near future. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Village Farms International Inc (VFFIF), CannTrust Holdings Inc (OTC PINK: CNTTF), and Aurora Cannabis Inc (NYSE: ACB, TSX: ACB) are four pot stocks that could test this week's highs.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) stands out among companies in the cannabis sector because its core business structure is based around operating within the healthcare sector. Over the course of the last year, Premier has made several key investments in businesses and products to build out its framework, and rather than solely use these acquisitions for its healthcare consumers, the Company recognized the boundless potential of combining innovative medical approaches with cannabis products.
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.
Presently, Premier Health Group (OTC:PHGRF) (CSE:PHGI) manages and supports a member-based ecosystem of over 3,000,000 active patients and 287 primary care clinics. Additionally, Cloud Practice, one of the Company's recent acquisitions, 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, but 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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Village Farms International Inc (VFFIF) announced yesterday that its common shares will commence trading on the Nasdaq Capital Market under the symbol "VFF" on Thursday, February 21, 2019. Village Farms' common shares will continue to be listed and trade on the Toronto Stock Exchange under the symbol "VFF."
Per the details of the announcement, Village Farms will voluntarily delist its common shares from the OTCQX. Shareholders who have previously traded Village Farms common shares through the OTCQX will now be able to trade those shares through Nasdaq. In conjunction with this Nasdaq listing, Village Farms' common shares will become Direct Registration System (DRS) eligible for U.S. shareholders.
For More Information on Village Farms International Inc, Click Here
CannTrust Holdings Inc (CNTTF) today 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
Aurora Cannabis Inc (ACB) found itself in headlines today when the Company shared that Michael Singer, the current Chairman of the Board, has been newly appointed Executive Chairman of the Board of Directors. The Company also announced that independent director Ronald Funk has been named Lead Independent Director and Margaret Atkins has been appointed as a new independent director and Chair of the Audit Committee.
Following the new appointments, Michael Singer, Executive Chairman, commented, "the changes announced today ensure that our Board is well-equipped to continue to provide that guidance and strong oversight to the Company. In my new role, I will continue to work closely with our CEO, Terry Booth, and the rest of our senior executive team on all matters pertaining to strategic direction, execution, and finance."
For More Information On Aurora Cannabis Inc, Click Here
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