4 Stocks Taking Advantage Of The New Marijuana Market Trend

CORAL GABLES, FL / ACCESSWIRE / November 16,2018 / Many marijuana stocks saw a strong rebound in price on Thursday. This comes after weeks of downward selling pressure pushed most cannabis stocks lower. A lack of supply in Canada helped to contribute to this move. However, US midterm elections could have brought some new interest to the industry after then, Attorney General Jeff Sessions submitted his resignation to leave his post.

As of November 7, US Attorney General Jeff Sessions is out and an interim AG is in. Long thought of as a major hurdle for the cannabis industry, Sessions' departure has been seen as a positive marker for marijuana stocks. Ahead of today's opening bell, the markets are looking to other sectors for an opportunity as the broader markets continue to see volatility. With the industry projected to gain more attention of early investors as new events take place across North America, companies will keep pushing new expansionary initiative. Premier Health Group, Inc. (PHGRF) (PHGI), New Age Beverages (NBEV), Cronos Group (CRON) andCannTrust (OTC PINK: CNTTF) (TRST.TO) are working toward new sector growth.

Premier Health Group, Inc. (PHGRF) (PHGI) announced on Thursday that it will enter the Cannabis clinic space by a series of acquisitions, partnerships and/or launching a new Canada -based chain in the first half of 2019. In addition to this, Premier Health Group, Inc. (PHGRF) (PHGI) is taking on new growth opportunities in the healthcare market. Premier Health announced this month that as a part of its expansion plans it will be entering the Pharmacy market "via acquisition and/or launching a new Canada based pharmacy in H1-2019." With Premier's acquisition of HealthVue Medical Clinics in August, this could be the next phase of growth for the company. Premier Health Group, Inc. (PHGRF) (PHGI) said that it expects to provide additional updates on acquisitions in Q4-18 and Q1-19 so this could be one of thenear term events to consider when looking at Premier Health Group, Inc. (PHGRF) (PHGI).

"The role of Cannabis in treating medical conditions is continuously expanding. Our doctors have hadsuccess treating their patients with various ailments from chronic pain tocancer related symptoms. Unfortunately, there is a gap between the patient's need for medical marijuana, and the family doctor's comfort and knowledge to prescribe it. We are looking to fill that gap with various forms of clinics and services to help our patients and healthcare workers," said Dr. EssamHamza, Chief Executive Officer of Premier Health.

Shares of Premier Health gapped up by 3% on Friday morning as this news continued to resonate with the market.

For More Information On Premier Health Group, Click Here

New Age Beverages (NBEV) announced the results for the third quarter ended September30,2018 this week. For the three-month period ended September 30, 2018, gross revenues reached $15.3 million versus $16.8 million in the prior year quarter.Net revenuesless discounts, returns andbillbacks reached $13.2 million versus $15.0 in theprior year quarter. The working capital shortfall that prohibited the Company's ability to meet demand during the majority of the quarter, which negatively impacted revenue between $5.8 and $6.2 million.

Gross profit was 16% of net sales versus 33% in the prior year, also reflective of the significant impact of the working capital limitations on production and shipping.

In addition to this, the company announced the closing of its previously announced underwritten public offering of 12,900,000 shares of New Age's common stock, at a price of $3.50 per share, plus an additional 1,935,000 shares of its common stock pursuant to the full exercise of the over-allotment option granted to the underwriters.

New Age Beverages estimates net proceeds from the offering to be approximately $49 million, after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from this offering for potential acquisitions.

For More Information On New Age Beverages, Click Here

Cronos Group Inc. (CRON) (CRON.TO) recently announced its 3rd quarter results this month. Among the numerous highlights, Cronos Group reported increased revenues of 186% and kilograms sold were up 213% year-over-year. Cronos also announced a landmark partnership with Ginkgo Bioworks to produce cultured cannabinoids as well as a launched a mainstream recreational brand called Spinach™.

"We are encouraged with our third quarter results, which reflect the meaningful progress we are making on our strategic initiatives. In the quarter, we announced a number of landmark partnerships to expand our reach beyond the flower and beyond Canada and launched our second differentiated recreational cannabis brand," said Mike Gorenstein, CEO of Cronos Group. "The recent legalization of cannabis sales for adult recreational use in Canada was a watershed moment for our industry and our Company. We are energized by the opportunities this creates for Cronos Group in Canada and look forward to leading the industry forward responsibly."

Shares of Cronos pulled higher on Friday after testing levels above $8.80 during the morning session.

For More Information On Cronos Group, Click Here

CannTrust (CNTTF) (TRST) saw its shares climb during Thursday's session. A mix ofabove average trading volume and market momentum had shares of the company hitting highs of $7.18. The company is a licensed producer of medical and recreational cannabis under the Cannabis Act and its regulations,and announced financial and operating results for the three and nine months ending September 30, 2018, this week.

Revenue for the three and nine month periods ended September 30, 2018 was $12,588,727 and $29,478,813 respectively, compared to $6,140,224 and $13,714,847 in the comparable 2017 periods. Net Income for the three and nine month periods ended September 30,2018 was $421,240 and $11,968,255 respectively, compared to a net income of $655,309 and $632,269 in the comparable 2017 periods. Earnings per share for the three and nine month periods ended September 30,2018 was $Nil and $0.12 respectively, compared to earnings per share of $0.01 and $0.01 in the comparable 2017 periods.

"We are extremely pleased with our Q3 results that are a testament to the success of this Company and the incredible progress that we have made in such a short period of time. With the opening of the recreational market and the numerous opportunities that our Company is positioned to capitalize on, this is only the beginning," said Eric Paul, Chairman of the Board. "The appointment of Peter Aceto as CEO, a globally recognized and seasoned professional, will be the perfectcompliment to our leadership team and will lead our Company into the next phase of our rapid growth."

For More Information On CannTrust, Click Here

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