Yahoo Finance Marijuana Stocks to Watch & What to Expect from the 2018 US Farm Bill
CORAL GABLES, FL / ACCESSWIRE / December 14, 2018 / The United States Senate and House passed the 2018 Farm Bill this week thus paving the way for CBD and hemp legalization. Sen. Ron Wyden said, "For too long, the outrageous and outdated ban on growing hemp has hamstrung farmers in Oregon and across the country. Hemp products are made in America, sold in America, and consumed in America. Now, hemp will be able to be legally grown in America, to the economic benefit of consumers and farmers in Oregon and nationwide."
Cannabis stocks have seen even more activity following this developing story and while President Trump now has the final sign off, the markets are looking ahead in anticipation of a positive outcome.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) hit highs of $0.80 on Wednesday, up from just $0.53 at the end of October and just $0.59 on December 9. Premier Health Group (OTC:PHGRF) (CSE:PHGI) 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 (OTC:PHGRF) (CSE: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 be and exciting one for Premier Health Group (OTC:PHGRF) (CSE: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
Tilray (TLRY) shares have been trading lower this week despite all of the positive news circulating in the market. However, on Friday Tilray shares began trading higher. In addition, the company has also released news on new deals being entered into this quarter.
Earlier this week, Inner Spirit Holdings Ltd. (CSE:ISH) announced this week that it has closed the first tranche of its previously announced investment agreement with Tilray, Inc. and its wholly-owned subsidiary High Park Holdings Ltd.
In addition, this morning Tilray, Inc. announced an investment in Québec-based cannabis producer, ROSE LifeScience Inc. and an exclusive sale, supply, distribution and marketing agreement between High Park Farms Ltd. ("High Park"), a wholly-owned subsidiary of Tilray, and ROSE.
For More Information On Tilray, Click Here
MariMed (MRMD) is a multi-state cannabis company that develops, owns and operates licensed cannabis facilities and develops and distributes branded cannabis and hemp product lines.
MariMed's team has developed its facilities in DE, IL, NV, MD, MA, and RI. In addition, MariMed is working on precision-dosed branded cannabis and hemp-derived products for the treatment of specific medical conditions. On Thursday, shares of the company saw a steep decline in price but have begun to recover on Friday morning.
"The expected signing of the Farm Bill will enable Americans to enjoy legal access to a host of hemp-derived CBD-based solutions, which are already renowned for their health and wellness benefits," said Robert Fireman, MariMed CEO. "MariMed expects to make a series of Hemp CBD product and distribution announcements in 2019. We are excited about the potential of legalized hemp to benefit millions of Americans in many ways."
For More Information On MariMed, Click Here
Aurora Cannabis (ACB) is quickly becoming one of the world's largest cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
Earlier this week the company shook things up once again with expansionary news. Aurora announced that it has entered into an agreement to invest $10 million by way of brokered private placement in High Tide Inc., a privately held, Alberta -based, retail-focused cannabis and lifestyle accessories company.
On Friday, shares of Aurora jumped to highs of $5.80 during early morning trading.
For More Information On Aurora Cannabis, Click Here
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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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