CORAL GABLES, FL / ACCESSWIRE / February 25, 2019 / The marijuana stock market has been incredibly active over the last few months with companies in the cannabis industry reaping the benefits of all the excitement. There are several factors that have resulted in the current state of the cannabis industry, the first of which relating to legislation put forth by progressives to legalize marijuana. Whereas the general public previously saw no benefit in cannabis, recently more and more people are getting on board. Second of all, whereas companies in different industries rarely collaborate, cannabis companies have worked with companies across a variety of sectors to share the benefits of cannabis products with consumers, no matter the field. As the cannabis sector continues to grow, investors looking for potential opportunities could benefit from paying close attention to cannabis companies. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Trulieve Cannabis Corp (OTC PINK: TCNNF), Charlotte's Web Holdings Inc (CWBHF) (CWEB), and Emerald Health Therapeutics Inc (EMHTF) are 4 pot stocks heating up on Monday.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) was founded with the purpose of becoming a healthcare company focused on developing innovative healthcare approaches that combine human skill-based expertise with emerging technologies, but, as the medical field has expressed interest in utilizing cannabis as an alternative form of treatment, the Company has refocused its efforts to take advantage of these opportunities.
Earlier this month Premier Health Group (OTC:PHGRF) (CSE:PHGI) provided consumers and investors in the cannabis sector with a corporate update. 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, but it also provides an opportunity to plug in its services to Cloud Practice's current client base.
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.
Trulieve Cannabis Corp (TCNNF) announced last week that the Company has entered into a strategic partnership with SLANG Worldwide, a branded cannabis consumer packaged goods company, which will grant patients in Florida access to SLANG's products from Trulieve's dispensaries across the state.
Kim Rivers, Chief Executive Officer of Trulieve, said, ''SLANG operates with the same goals as Trulieve, working to expand patient access and create products that are high-quality, consistent, and reliable. SLANG's expansive portfolio ranges from vaporizer cartridges to edibles to concentrates, all products that will provide Florida's patients with the effective, natural relief they're seeking in ways that are innovative and fresh.''
Charlotte's Web Holdings Inc (CWBHF) (CWEB), one of several industry leaders working to develop whole-plant hemp extract products with naturally occurring cannabidiol, made headlines towards the tail-end of January when the Company announced that Stephen Lermer had joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019.
At the time of the announcement, Hess Moallem, President and CEO of Charlotte's Web, said, ''his appointment dramatically expands our domestic and international operational capabilities and brings high-level pharmaceutical quality and operating expertise to our organization. I've had the privilege of working with Stephen in the past and consider him a trusted advisor.''
Emerald Health Therapeutics Inc (EMHTF) announced earlier last week the launch of Verdélite Sciences Inc., a wholly-owned, Québec-based production subsidiary licensed by Health Canada. Formerly known as Agro-Biotech, Verdélite currently produces high-grade dried cannabis for medical and adult-use purposes.
Following their announcement, Thierry Schmidt, President of Verdélite Sciences, said, ''Verdélite will be synonymous with differentiated and value-added cannabis products, and we are pleased to see the level of industry skill and enthusiasm coming from the Saint-Eustache community and the local interest and support to help contribute to our success.''
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