CORAL GABLES, FL / ACCESSWIRE / October 18, 2018 / Canadiancannabis stocks have been the focus of investors as the country begins its first full days as the world's second country legalizing recreationalmarijuana use. In line with this, excitement continues to grow around the next big industry to hit the mainstream. It's no wonder that investor interest has grown either. Investorsare looking to cash in on a new market are seeing first hand, an industry that generated $8.5 billion on legalmarijuana in the U.S. last year and which is estimated to grow to $23.4 billion in 2022, according to Arcview Market Research and BDS Analytics. With this being the case, a number of companies are getting involved in some way.
PremierHealth Group, Inc. (PHGI.CN), among other things, is targeting acquisitions of clinics, technology and patients in addition to cannabis clinic(s) and partnerships.
PremierHealth Group, Inc. (PHGI.CN) completed a CAD $3.55 million financing in August and $1 million was used for the acquisition of HealthVue. PremierHealth Group, Inc. (PHGI.CN) currently has no debt and is well capitalized to strategically acquire additional clinics as well as build out new clinics.
HealthVue has been aggressively testing various healthcare technologies and services to gain feedback from patients and healthcare professionals. The research has shown a strong acceptance of the use of 24/7 online booking by patients allowing better access and decreased clinic overhead. HealthVue has also tested telemedicine acceptance in a pilot program and found incredible excitement by all parties.
"Patients have found that connecting with their healthcare professional from the convenience of their work or home to be extremely revolutionary, so much so that many patients in the pilot used the service repeatedly," said Dr. Essam Hamza, CEO of Premier Health, in a recent press release.
Shares of the company are up 60% from a month ago on September 18 when shares were trading at $0.50.
Aurora Cannabis Inc. (ACB.TO) (ACBFF) announced today that its common shares have been approved for listing on the New York Stock Exchange and will commence trading effective the open of markets, October 23, 2018.
Aurora's shares will trade on the NYSE under ticker symbol "ACB", the same symbol the Company's common shares currently, and will continue to, trade under on the Toronto Stock Exchange (TSX). Existing shares of Aurora, which previously traded on the OTCQX under the ticker symbol "ACBFF", will now trade on the NYSE.
"Our NYSE listing represents another important milestone that reflects our commitment to all stakeholders as we continue advancing domestic and international growth initiatives, which includes expanding our base of global institutional and retail investors," said Terry Booth, CEO of Aurora.
Shares are up over 3% this morning after this news was released.
MPX Bioceutical Corporation (MPX.CN)(MPXEF) along with iAnthus Capital Holdings, Inc. (IAN)(ITHUF) announced today that both companies have signed an arrangement agreement pursuant to which iAnthus will combine with MPX in an all-stock transaction with offered equity consideration to MPX shareholders valued at $835 million before giving effect to MPX International (defined below) and assuming all of MPX's dilutive securities are exercised prior to the completion of the transaction. The Agreement represents the first public-to-public merger transaction in U.S. cannabis history.
The combined company, excluding MPX International, will encompass operations and cannabis licenses in 10 states that will permit iAnthus to operate 56 retail locations and 14 cultivation/processing facilities.
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