Yahoo Finance 4 Marijuana Stocks Looking To Close Out A Strong Week
CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / The marijuana stock market has seen some of the best days in its history over the course of the past two weeks or so. With so many of the top industry leaders enjoying impressive gains, many are curious as to how the future of the industry will fair. Market analysts have stated that this could be the year of cannabis as the market continues to take solid strides in the right direction. With the increase of capital and sheer amount of business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. With the new year in full swing,
Premier Health Group (OTC:PHGRF) (CSE:PHGI), HEXO Corp (OTC PINK: HYYDF), Canopy Growth Corp (CGC) (WEED.TO), and Cronos Group Inc (CRON) are for pot stocks worth keeping tabs on as we close out this week.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) has seen impressive gains during the month of January, as the cannabis sector has garnered significant notoriety, as well as a major increase in public support. Recently, Premier has focused its efforts on investing in opportunities that combine healthcare and cannabis to develop a business model that targets several key issues areas for consumers.
Earlier this week, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced that as part of its international expansion strategy, it has entered into a strategic partnership with China'a 360 Health, a healthcare subsidiary of 360 Security Technology. The parent company, 360 Security Technology, is a leading online service company in China with a market capitalization of over $20 billion USD as of January 16, 2019. As part of the collaboration, Premier and 360 Health will implement an infrastructure whereby Premier will be providing second opinion services by connecting 360 Health's patients in China with doctors in Canada both remotely and in person. Premier will also assist with General Practitioner training virtually and onsite through medical seminars.
In response to this announcement, Dr. Essam Hamza, CEO of Premier, said, ''We are very excited to be working with 360 Health as China continues to adopt a Family Practice primary care model and look forward to helping them establish themselves as a leader in primary care. This partnership represents an excellent opportunity for Premier to tap into the fastest growing telemedicine market globally.''
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HEXO Corp (HYYDF) made waves in the media yesterday when the Company announced that its common shares had been approved to be listed on the New York Stock Exchange American LLC and would commence trading effective at the open of markets on January 23, 2019. Per the announcement, the Company intends to cease the quotation of its shares on the OTCPK under the symbol ''HYYDF.'' While shareholders are not required to take any action, the Company recommends that holders who bought shares monitor their accounts to ensure their holdings reflect the new symbol.
For More Information On HEXO Corp, Click Here
Canopy Growth Corp, (CGC) (WEED) one of the leading cannabis producers in the market, announced earlier this week that it had been granted a license by New York State to process and produce hemp. Given the recent passing of the US Farm Bill, companies across the sector have been mobilizing to ramp up capacity in anticipation of the bill's effect on the production of hemp.
Bruce Linton, Chairman, and Co-CEO of Canopy said, ''Canopy Growth was founded to drive innovation within the cannabis and hemp industries. In New York we see an opportunity to create products that improve people's lives. In the process, we will create jobs in an exciting, highly profitable new industry. I applaud the political leadership at the federal and state level that has allowed today's announcement to become reality.''
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Cronos Group Inc (CRON) announced, in early December 2018, that it had entered into a subscription agreement with Altria Group, Inc., one of the leading tobacco brands in the world, pursuant to which Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
Howard Willard, Altria's Chairman, and Chief Executive Officer, said, ''Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria. We believe that Cronos Group's excellent management team has built capabilities necessary to compete globally, and we look forward to helping Cronos Group realize its significant growth potential.''
For More Information On Cronos Group Inc., Click Here
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