Yahoo Finance Canada's Cannabis Legalization & 3 Stocks That are Ready to Capitalize
CORAL GABLES, FL /ACCESSWIRE / October 17, 2018 / The demand in North America for legalmarijuana is expected to see a dramatic shift as Canada begins its legalization of recreationalmarijuana today. In the US, the upcoming mid-term elections will have marijuana as a topic of discussion for candidates.Across the continent, all eyes are on what's next for the cannabis industry. Recreationalcannabis could experience annual revenues north of $8 billion by 2020 in Canada alone, according to the CannabisBusiness Plan. But there are still some companies that investors haven't taken notice of.These companies continue to hold positions in traditional industries while also working to expand business to include a stake within the cannabisindustry.
PremierHealth Group, Inc. (PHGI.CN), is currently reviewing a pipeline of strategic acquisitions and scouting new locations and expects to close on two of these opportunities in Q4-2018. Specifically, the company is targeting acquisitions of clinics, technology and patients in addition to cannabis clinic(s) and partnerships.
Earlier this month PremierHealth Group, Inc. (PHGI.CN) announced that it has selected Reliq Health Technologies Inc. as its exclusive technology partner.Reliq will be providing Premier's HealthVue primary care clinics with a HealthVue-branded telemedicine, remote monitoring & AI solution for its clinical staff and more than 100,000 active patients. Reliq Health Technologies is a healthcare technology company that specializes in developing innovative software solutions for the Community Care market.
Reliq Health Technologies, a Vancouver-based digital health company targeting community-based healthcare, has come out with an mHealth app designed to allow medical marijuana patients to track their symptoms, usage and other connected health data.
ForMore Information On Premier Health Group, Click Here
Verde AgriTech Plc (NPK.TO) (AMHPF) announced sales results for 2018 and expansion plans for 2019, this morning. Verde has received orders that match its total production capacity for 2018. The Company has been operating its plant 24 hours a day and 7 days a week in order to fulfill existing orders for Super Greensand® for the 2018 planting season.
According to the company, in 2019, Verde aims to continue the use of its existing plant to produce 200 thousand tonnes per annum of Product and, in parallel, it will start construction of a new processing facility capable of producing an added 600 thousand tonnes per annum. The total of 800 thousand tonnes per annum capacity is expected to be reached in early 2020. Financing for the expansion is budgeted to be a mix of accumulated cashflow and subsidized-debt from Brazil's development bank (BNDES).
Shares of Verde have jumped by more than 20% this morning.
For MoreInformation On Verde AgriTech, Click Here
Platinex Inc. (PTX.CN)(OTC PINK: PANXF) is focused on developing various strategies to capitalize on the lucrative growth of the cannabis sector in North America. This morning the company announced the appointment of Robert Blake as Co-CEO and Director, subject to standard regulatory approvals.
Following the Company's press release August 2, 2018, where Robert Blake III was announced as a Director of the Company, the Company Board of Directors is please to announce the appointment of Bob Blake as Co CEO. Walter Henry, President and Co-CEO stated, "We are pleased to add a seasoned businessman with the breadth and depth of business experience that Bob holds across many states in the U.S.A particularly Oregon. We look forward to Bob's knowledge of the business environment in Oregon, to his input and direction given his impressive hands-on businesses successes as the Company evaluates alternatives to the mining segment".
Shares of Platinex were up by more than 12% during the morning session on Wednesday.
For MoreInformation On Platinex, Click Here
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