CORAL GABLES, FL / ACCESSWIRE / December 19, 2018 / The price of marijuana can be a very intelligible indicator as to how the market will respond to new trends. As legal markets have gone into place in the U.S., Canada and around the world, we are quickly seeing just how volatile the prices of pure marijuana can be. As more nations around the world pass legislation in favor of marijuana, the cannabis industry may see impressive gains in the near-future.Premier Health Group (OTC:PHGRF) (CSE:PHGI), Emblem Corp (EMMBF), New Age Beverages Corp (NBEV), and Aphria Inc (APHA) represent 4 cannabis stocks that have seen even more activity following ongoing development of legislation.
Premier Health Group, Inc (OTC:PHGRF) (CSE:PHGI) opened the day's trading at $0.68 per share on Wednesday, up from $0.53 at the tail-end of October and up 15.25% from December 7's close of $0.59 per share. Just last week, the Company announced that as part of its plan for strategic growth to cover major verticals associated with primary health care, it signed a binding LOI to acquire a Vancouver, British Columbia based pharmacy. The Company expects the acquisition to close in or about Q1-19.
In recognition of market trends among other pharmacy focused companies, this decision could create promising opportunities for Premier Health Group, Inc (OTC:PHGRF) (CSE:PHGI) as medicinal cannabis extends its reach across Canada. Recent reports indicate the Canadian medical cannabis sector could top $2.4 billion by 2025.
The company realized the potential prospects emerging in the healthcare and cannabis sectors. Earlier this week, the company announced that it had signed a binding LOI to acquire all outstanding securities of Cloud Practice Inc, whose products include Juno EMR, a cloud-based EMR solution; ClinicAid, a medical billing software; and MyHealthAccess, an online patient portal.
The company's announcement goes on to expound that the backbone Cloud Practice is its interconnected team of expert medical professionals prepared to provide excellent primary care to their million-patient network. This impressive framework that has allowed for Cloud Practice's success may present an opportunity for the company to take the lead in the Canadian Telehealth market.
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Emblem Corp. (EMMBF) announced Wednesday that it entered into an acquisition deal with Aleafia Health Inc., valuing the company at $128.8 million. According to the specifics of the agreement, Emblem shareholders will receive 0.8377 Aleafia shares per Emblem share owned. Following the announcement of the acquisition deal, Emblem's shares opened at $0.82, up 15.49% in early trading.
Per the official press release, the deal will create Canada's largest medical cannabis clinic network with access to 40 medical clinics and education centers.
''Emblem's patient-focused product portfolio and strength in patient education, conversion and retention through GrowWise will be further bolsters by the patient acquisition capabilities of Aleafia's Canabo clinics. The combination of the companies will form a fully integrated market leader in the medical cannabis sector.''
For More Information On Emblem Corp, Click Here
New Age Beverages Corp (NBEV) started Wednesday trading with a 1.26% boost, with shares trading at $6.44 per share. The company is riding out the momentum from the news surrounding its own deal earlier the week. The company signed a definitive agreement to acquire Morinda Holdings, Inc., a Utah-based healthy lifestyles and beverage company with operations in more than 60 countries around the world.
The merger effectively 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. In addition to this, the deal will allow the company's Health Sciences products and portfolio of CBD-infused beverages the ability to immediately tap into markets across 60 countries, including China and Japan.
For More Information on New Age Beverages Corp, Click Here
Aphria, Inc (APHA) found itself in headlines on Wednesday after a press release issued by Rapid Dose Therapeutics announced that the two companies formed a partnership to collaborate on products for the medicinal cannabis industry. In accordance with the press release, Aphria was granted exclusive preferred rights to license, manufacture, distribute and sell RDT's QuickStrip proprietary delivery technology for the German cannabis market.
''Germany is one of the most sought-after cannabis markets today, and Aphria continues to take a comprehensive approach to ensure a leading presence in the country as the opportunity evolves…this agreement with RDT will enable us to bring QuickStripTM Technology to the German market and offer a unique nutraceutical product that delivers a consistent dosage,'' said Jakob Ripshtein, President at Aphria.
For More Information On Aphria, Inc, Click Here
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