Yahoo Finance These 4 Marijuana Stocks Could Spark Activity
CORAL GABLES, FL / ACCESSWIRE / January 15, 2019 / The way people receive health care, including how the medical field continues its integration of medical marijuana, is evolving. As public opinion surrounding cannabis becomes increasingly more favorable, marijuana stocks may begin to present an appealing opportunity for investors looking into the nascent sector. As experts and professionals in the field work to develop innovative approaches to developing products utilizing medicinal cannabis/hemp, the industry as a whole may benefit. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Youngevity International Inc (YGYI), Acreage Holdings Inc (ACRGF), and Aphria Inc (APHA) represent 4 pot stocks that are heating up on Thursday.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) saw impressive gains in the month of December, as the Company's shares hit highs of 0.80 to mark a move of more than 30% over the course of the 30-day period. As the cannabis sector has garnered notoriety and seen a significant increase in public support, Premier has focused its efforts on investing in opportunities that combine healthcare and cannabis. The Company announced, back in November, that it had engaged discussions with licensed producers under the Access to Cannabis for Medical Purposes Regulation, other licensed medical cannabis companies, and government officials in order to establish a primordial framework for both patient and physician education surrounding medical cannabis.
In recent news, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced that, further to its news release dated December 17, 2018, the Company has signed a Definitive Agreement to acquire all of the outstanding securities of Cloud Practice Inc. Per the announcement, Cloud Practice's founders, including CEO Jordan Visco, and the entire support team, will join and work alongside the Premier Health team.
''We are very excited to have completed this acquisition and to have the experienced team at Cloud Practice join the team at Premier Health. With this acquisition, we now have a medical software company with national reach. Thus, enabling us to build on our patient centric technology platform that will integrate telemedicine, online booking and other premium services with our electronic medical records (EMR) system,'' said Dr. Essam Hamza, CEO of Premier.
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Youngevity International Inc (YGYI), a leading omni-direct lifestyle brand, announced that it would be adding Icelandic Glacial, multifaceted lineup of lifestyle brands in the health, wellness, and food and beverage industries by agreeing to an exclusive sales and marketing agreement with the brand, according to the press release regarding the announcement.
Steve Wallach, CEO of Youngevity International, said, ''I'm ecstatic to have a brand like Icelandic Glacial join the Youngevity team. Icelandic Glacial offers a product unlike anything else on the market. Its rare, naturally occurring high pH level and unique lava rock filtering system certainly set it apart. But beyond that, Icelandic Glacial is the world's first Carbon Neutral bottled water company. It's perfectly positioned to serve not only customers who want a pure tasting water that makes them feel and perform their best, but also eco-friendly consumers who want to make sure their money goes to brands with a conscience."
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Acreage Holdings Inc (ACRGF) announced in early December that it had signed into a definitive agreement with Form Factory, Inc for the Company to acquire Form Factory, in an all-stock transaction valued at $160 million. Per the official press release, Acreage will issue approximately 6.4 million Subordinate Voting Shares to Form Factory shareholders at a deemed price of $25 per share.
Kevin Murphy, Founder, Chairman, and Chief Executive Officer of Acreage Holdings, said, "Creating a wide range of products that meet the diversified tastes of consumers and owning the national manufacturing and distribution platform to ensure their consistent and predictable delivery on a national basis is a key to long-term success and value creation in the cannabis industry. With this acquisition, we are now positioned to be both the first and only national cannabis CPG company and distribution platform in the U.S. cannabis industry. The combination of the largest U.S. operational footprint, combined with the unique food and beverage manufacturing capabilities of Form Factory sets us on a direct path to become the Procter & Gamble of cannabis.''
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Aphria, Inc (APHA) announced early last week its results for the second quarter ended November 30, 2018, as well as the decision by its Chief Executive Officer, Vic Neufeld and Co-founder Cole Cacciavilliani will remain in their current roles over the coming months.
Aphria Chair Irwin D. Simon commented, ''Vic and Cole are consummate entrepreneurs. Thanks to their vision, energy and passion, Aphria has become a global player in an industry that didn't even exist five years ago. On behalf of the entire Aphria team, I want to express my gratitude to both. I look forward to working with them to further build Aphria's leadership team and continue driving long-term value for our patients, customers and employees into the future.''
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