CORAL GABLES, FL/ ACCESSWIRE / February 25, 2019 / The first few months of 2019 have already proven significant for marijuana stock market, specifically in regards to cannabis companies manufacturing and commercializing edibles and concentrates for consumers. Interestingly enough, as public opinion on cannabis has shifted in a more positive direction, the preferred methods for consuming marijuana and THC-infused products has changed as well. Consumers are no longer satisfied by companies that simply produce cannabis flower because brands now need to consider aesthetic elements of their products. Following the momentous passing of the 2018 Farm Bill, cannabis companies have been working to cultivate hemp for the purpose of creating products with Hemp-derived cannabidiol. All in all, if the cannabis sector continues to progress at the rate we've seen thus far, investors looking for potential opportunities may want to look into this nascent industry. Premier Health Group (OTC:PHGRF) (CSE:PHGI), MedMen Enterprises Inc (MMNFF) (CSE:MMEN), Innovative Industrial Properties Inc (IIPR), and CannAmerica Brands Corp (CNNXF) are four pot stocks that could test this week's highs.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) primarily functions as a healthcare company focused on developing innovative healthcare approaches that combine human skill-based expertise with emerging technologies, but recently the Company has made several key investments and acquisitions to strategically enter the cannabis space.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) provided consumers and investors in the cannabis sector with a corporate update earlier this month. Over the past year, the Company has completed several key strategic acquisitions, including Cloud Practice Inc, a healthcare technology company that provides cloud-based electronic medical records software applications for physicians throughout Canada. Cloud Practice has seen revenue growth in excess of 30% year over year for the past 3 years. Not only does this acquisition expand the Company's footprint across Canada , it also provides an opportunity to plug in its services to Cloud Practice's current client base.
Amid their corporate update, Premier Health Group (OTC:PHGRF) (CSE:PHGI) spoke on plans for further expanding their operations. As for the Company's next move, they will be entering the Cannabis clinic space. The role of Cannabis in treating medical conditions is continuously expanding to help patients with acute & chronic symptoms. Currently, there is a critical gap between the patient's need for medical cannabis, and the physician's comfort and knowledge to prescribe it.
MedMen Enterprises Inc (MMNFF) (MMEN) made headlines this week when the Company aired a commercial demonstrating the history of cannabis in America. The New Normal was directed by Academy Award-winning storyteller Spike Jonze and features actor Jesse Williams, best known for his longstanding activism and starring role in Grey's Anatomy.
Following the release of the ad, Adam Bierman, MedMen's CEO, and Co-founder, said, ''cannabis is part of our country's history. We've moved away from the propaganda of the past and into a world where cannabis is the new normal. We want this commercial to educate and embolden in equal measures. This is our opportunity to make a statement on a national stage.''
Innovative Industrial Properties Inc (IIPR) announced earlier this month that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% exchangeable senior notes due 2024. The operating partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments if any.
Per the details of the announcement, the operating partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
CannAmerica Brands Corp (CNNXF) announced earlier this month that the Company had entered into a letter of intent to provide an exclusive license to manufacture and distribute CannAmerica Brands branded CBD-infused products in Europe with Winchester MD Limited.
Per the details of the announcement, CannAmerica Brands and Winchester intend to enter into a definitive agreement by April 15 , 2019. Under the terms of the LOI CannAmerica Brands will provide Winchester with supplies and equipment in exchange for a per unit royalty payment that is to be determined in the definitive agreement.
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