Yahoo Finance Marijuana Stocks Making New Highs on Latest Headlines
CORAL GABLES, FL / ACCESSWIRE / December 12, 2018 / Tuesday was a big day for cannabis stocks. The latest Farm Bill passed the Senate and is on its way to the house. In an 87-to-13 vote, the Senate approved legislation that pushes billions of dollars in subsidies to American farmers, legalizes hemp, bolsters farmers markets and rejects stricter limits on food stamps pushed by House Republicans.
With this headline hitting wires over the last 18 hours, marijuana stocks have gotten much more attention. For this reason, we're taking a look at 4 pot stocks that have picked up momentum this week.
Premier Health Group (PHGRF) (PHGI) has had one of its most active weeks of the quarter.Excitement surrounding new progress in Canada in addition to Farm Bill prospects have bolstered the market for many cannabis companies like Premier Health Group (PHGRF) (PHGI). The company announced this week that as a part of its growth strategy to cover the major verticals associated with primary care, it has signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. Premier Health Group (PHGRF) (PHGI) said that it expects the acquisition to close in or about Q1-19.
In line with other pharmacy focused companies, this move could prove to beand exciting one for Premier Health Group (PHGRF) (PHGI). The Canadian medical cannabis clinic market is estimated to be worth approximately $2.35 billion by 2025.
"We are excited for this opportunity to acquire our first pharmacy, and thereafter being able to prepare and deliver prescription and non-prescription pharmaceuticals and other health products to patients. In doing so, the pharmacist will play an integral role in our team-basedpatient centric model," said Dr. Essam Hamza, CEO of Premier.
The company currently has an ecosystem of over 100,000 active patients and has plans to rapidly increase that number both domestically and internationally.
Since the beginning of the month, shares of Premier Health Group (OTC:PHGRF) (CSE:PHGI) have jumped from $0.56 to highs of $0.79 on Tuesday.
For More Information On Premier Health Group, Click Here
Aurora Cannabis (ACB) traded higher on Wednesday morning before the opening bell. Not only did Farm Bill headlines help bring a boost to many cannabis companies' shares but so did news out of New York that its Governor had plans to legalize recreational marijuana.
In company news, Aurora announced plans to build a foothold in Mexico through the acquisition of FarmaciasMagistrales. The deal announcement comes less than one week after Aurora announced an exclusive supply agreement with Farmacias.
Farmacias has been granted Mexico's first and only license to date to import raw materials containing > 1% THC, a rigorous and exacting process, which took over four years to successfully complete.
For More Information On Aurora Cannabis, Click Here
Aphria (APHA) also took to the positive market momentum on Wednesday morning. In addition to industry headlines, Aphria made an announcement of its own.
As shares were up as high as $6.39 during premarket trade, Aphria announced that it has signed a Letter of Intent with Insumos Medicos S.A., a Paraguayan pharmaceutical manufacturing, import and distribution company, to enter into an exclusive supply and distribution agreement to provide medical cannabis in Paraguay.
"Latin America continues to represent an important growth opportunity within the global medical cannabis industry, and we are excited to be among the first to enter the rapidly emerging market in Paraguay," said Jakob Ripshtein, President of Aphria.
For More Information On Aphria, Click Here
Finally, shares of Hemp Inc (OTC PINK: HEMP) have also shown an uptrend this week. Of course with the Farm Bill headlines, companies like Hemp Inc have captivated investor interest this week.
The company announced that in anticipation of the Farm Bill, hemp legalization and cultivation could be a catalyst for explosive growth in a nascent industry that some forecast could top $20 billion by 2022.
"We are eagerly awaiting the passage of the Farm Bill," said Hemp, Inc. CEO Bruce Perlowin. "Our vast experience in the emerging marketplace, paired with our social and environmental efforts, put us at the forefront of this ever expanding industry. It is truly a historic time to be in the hemp business."
For More Information On Hemp, Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), MIDAM VENTURES, LLC and Premier Health Group Inc., Midam was hired for a period from 10/1/2018 – 4/1/2019 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. Midam was paid $100,000 (CASH) for & were paid "500,000" shares of restricted common shares. We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six-month restriction is complete on 4/1/2019 Midam plans to sell the "500,000" shares of Premier Health Group Inc. that Midam holds currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Premier Health Group Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. As of December 11, 2018 a member of MAPH holds 550 Aurora Call Options and 35,000 shares of Aurora purchased in the open market and may be sold at any time. Our full disclaimer will update at such time. Click here for our full disclaimer.
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