4 Marijuana Stocks Looking To Start Strong In February
CORAL GABLES, FL/ ACCESSWIRE / February 7, 2019 / The marijuana stock industry, since its inception, has been largely fueled by the constant stream of favorable conversation coming from advocacy groups and satisfied customers. These individuals are largely responsible for creating what has come to be one of the more exciting sectors in the market. Following the recent passing of legislation in favor of legalizing cannabis, it is very likely that companies in the space will work even harder to develop innovative treatment options and products, designed with the consumer in mind. As the cannabis sector garners more public approval, companies in the space may see investors paying closer attention in the near future. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Canopy Growth Corp (CGC), Aphria Inc (APHA), and Cronos Group Inc (CRON) represent four pot stocks that could set the pace on Thursday.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company focused on developing innovative approaches that combine human skill-based expertise with state-of-the-art technologies used throughout the healthcare industry to create the best-possible care solutions for their growing patient network. The Company has seen impressive gains over the last few months as a result of momentum gained from several key strategic investments which indicate that Premier is determined to innovate and invest in its customers.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) today announced 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.
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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Canopy Growth Corp (CGC) today announced that the Company will 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 concurrent with canopy rivers bought deal offering of Subordinate Voting Shares for gross proceeds of approximately $55 million.
Bruce Linton, Founder, and Co-CEO, Canopy Growth, said, "the advantage of a strengthened Canopy Rivers/Canopy Growth relationship is that it accelerates and de-risks execution for invested companies. The strength of the Canopy Rivers team, coupled with their selective approach to business development and execution of strategic investments, creates value for shareholders and for Canopy Growth."
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Aphria Inc (APHA) announced earlier this week that its Board of Directors decided, after much anticipation, to reject the hostile bid by Green Growth Brands Inc to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to the expiry of the hostile bid upon the exercise, conversion or exchange of options, warrants, debentures or other securities of the Company exercisable or convertible into Common Shares, other than Common Shares owned by GGB or its affiliates, in exchange for 1.5714 shares of GGB.
As for the reasoning for the Board's rejection, they stated that the bid significantly undervalued Aphria relative to its current and future worth, offering Aphria shareholders a substantial discount to its current and future value as opposed to a premium observed in other transactions in the cannabis sector involving Canadian licensed producers.
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Cronos Group Inc (CRON) announced in mid-January that the Company had sent out all necessary meeting materials for a special meeting of holders of common shares of the Company to be held later this month, including the management proxy circular dating back to December 31, 2018, prepared in connection with the proposed C$2.4 billion equity investment by Altria Group Inc.
Per the details of the upcoming meeting, Shareholders will be asked to approve both the Investment and certain matters ancillary to the Investment, including the election of new directors to the Board of Directors of Cronos Group and certain agreements as contemplated by the subscription agreement entered into with Altria.
For More Information On Cronos Group Inc, Click Here
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