CORAL GABLES, FL / ACCESSWIRE / January 23, 2019 / The healthcare stock market has become a hotbed of conversation over the course of the past year or so, with headlines on the industry hitting the media on a consistent basis. With the sheer amount of buzz surrounding the healthcare sector, it stands to reason that companies looking to design and try new approaches to traditional care offerings, such as combining the complex medical applications of cannabis with integrative healthcare frameworks, could create potential opportunities. Premier Health Group (PHGRF) (PHGI), CV Sciences Inc (CVSI), Castlight Health Inc (CSLT), and Aphria Inc (APHA) (APHA) are four healthcare companies determined to pioneer the best quality treatments and products for consumers.
Premier Health Group (PHGRF) (PHGI) is a company focused on redesigning how medical care is received and implementing nuanced practical applications for cannabis products in the healthcare space. In recent months, the Company has made strategic investments in companies and products to introduce cannabis to the medical field, while simultaneously garnering significant support from the public as well as investors in the cannabis sector.
Premier Health Group (PHGRF) (PHGI) announced towards the end of last week that, in an effort to further its international expansion strategy, it has entered into a strategic partnership with China's 360 Health, a healthcare subsidiary of 360 Security Technology. The parent company, 360 Security Technology, is a leading online service company in China with a market capitalization of over $20 billion USD as of January 16,2019 . As part of the collaboration, Premier and 360 Health will implement an infrastructure whereby Premier will be providing second opinion services by connecting 360 Health's patients in China with doctors in Canada both remotely and in person. Premier will also assist with General Practitioner training virtually and onsite through medical seminars.
In response to this announcement, Dr. Essam Hamza, CEO of Premier, said, "We are very excited to be working with 360 Health as China continues to adopt a Family Practice primary care model and look forward to helping them establish themselves as a leader in primary care. This partnership represents an excellent opportunity for Premier to tap into the fastest growing telemedicine market globally."
CV Sciences Inc (CVSI), a leading supplier and manufacturer of hemp CBD products, announced earlier this month that the Company had appointed Joerg Grasser as Chief Accounting Officer, effective December 26, 2018. Per the announcement, Mr. Grasser will report to CV Sciences' Chief Executive Officer Joseph Dowling and will oversee all accounting operations of the Company.
Joseph Dowling, Chief Executive Officer of CV Sciences, lauded the appointment of Mr. Grasser, and said, "We're excited to have Joerg Grasser join CV Sciences to further strengthen our management team, continue to drive strong revenue growth and profitability, and to help realize on the tremendous potential of our fast-growing industry. Joerg's extensive financial, accounting and reporting experience, strong leadership skills, and commitment to ethical standards make him the ideal choice to contribute to CV Sciences' continued momentum."
Castlight Health Inc (CSLT), a leading health benefits platform provider, saw its shares jump 4.31% just after the strike of noon on Wednesday, trading at $2.66 per share. In early November 2018, the Company announced results for its third quarter ended September 30, 2018.
John Doyle, Chief Executive Officer of Castlight Health, commented at the time of the announcement, and said, "Our team executed exceptionally well this quarter, which resulted in the successful launch of our Complete health navigation offering, record revenue, and the achievement of non-GAAP operating profitability one quarter ahead of our goal. We are excited that our most powerful offering to-date is now generally available, and believe we now have the right products, go-to-market strategy, and model in place for future success as the leader in health navigation."
Aphria Inc (APHA), one of the leading cannabis producers in the industry looking to further cultivate the symbiotic relationship between healthcare and cannabis as treatment, today confirmed that Green Growth Brands, Inc has commenced an unsolicited take-over bid to acquire all outstanding common shares of the Company, other than the common shares of the Company owned by GGB or its affiliates, in exchange for 1.5714 common shares of GGB.
In response to the Company's announcement, Irwin Simon, Aphria's independent Board Chair, said, "Aphria is a market leader and has a tremendous opportunity to create substantial value for shareholders. Any offer would necessarily need to be evaluated against the current and future value of our current strategic plan. We are also determined to protect Aphria shareholders from opportunistic offers that fail to reflect the substantial value and growth prospects we have built at Aphria. We will evaluate GGB's offer in this spirit."
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