Yahoo Finance 4 Marijuana Stocks Looking to Finish Strong in January
CORAL GABLES, FL / ACCESSWIRE / January 22, 2019 / The marijuana stock market has thrived on energy gained from marijuana legislation over the course of the past several years. With states like California and Washington working to set industry standards for cannabis, it seems as though the cannabis sector has nowhere to go but up. Market analysts have stated that this could be the year of cannabis as the market continues to impress investors with opportunities throughout the space. With the increase of capital and the sheer amount of business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. As we enter the closing weeks of January, Premier Health Group (PHGRF) (PHGI), Aurora Cannabis Inc (TSX: ACB; NYSE: ACB), Tilray Inc (TLRY), and CannTrust Holdings Inc (OTC PINK: CNTTF) are for pot stocks worth keeping tabs on.
Premier Health Group (PHGRF) (PHGI) is a company focused on redesigning how medical care is received and the different approaches we can take to offer new forms of treatment. Recently, the Company has seen impressive growth over the course of the month of January, while simultaneously garnering significant support from the public as well as investors in the cannabis sector.
Early last week, Premier Health Group (PHGRF) (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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Aurora Cannabis Inc (ACB) announced last week that it had priced its previously announced offering of convertible senior notes due 2024. The Company will issue $300 million aggregate principal amount of notes, or $345 million aggregate principal amount if the initial purchasers' over-allotment option is exercised in full. The Notes will be issued at par value.
Per the announcement at the time, Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth.
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Tilray Inc (TLRY) found itself in headlines on Tuesday as the Company today announced that it had entered into a definitive agreement pursuant to which Tilray, through a wholly-owned subsidiary, will acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc, the parent company of a licensed cultivator of cannabis. As a result of the acquisition, if completed, Tilray will obtain Natura's 662,000 square-foot greenhouse cultivation facility, of which 155,000 square-feet are currently licensed, and all subsequent cannabis output from this facility.
Brendan Kennedy, Tilray President, and CEO, commented on the acquisition, and said, "We're very pleased to have an agreement in place that allows us to expand our capacity to supply high-quality branded cannabis products to the Canadian market. Through an extensive and thorough search for the right supply partner, we're pleased to have come to a mutually-beneficial agreement with Natura."
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CannTrust Holdings Inc (CNTTF), one of Canada's leading producers of cannabis, today announced that the Company has obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately. The revised Phase III expansion is permitted for a footprint of up to 390,000 square feet, compared to the 600,000 square feet in the Company's initial application.
In a press release regarding the announcement, Peter Aceto, CEO of CannTrust, said, "We are pleased with the outcome of the discussions with the Town of Pelham. We believe this decision reflects our view that we are a trusted member of the community and that we are intent on listening to our stakeholders. The demand for our medical and recreational products continues to be well in excess of supply and we are keen to move ahead with the Phase III expansion and meet our capacity targets. We also continue to evaluate several strategic alternatives to meet and increase our initial production capacity goals."
For More Information On CannTrust Holdings Inc, Click Here
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