CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / Marijuana stocks have become one of the hottest topics in the news over the course of the past week years, but the last few weeks have remained especially positive for the industry. With the introduction of the US Farm Bill and the advent of legal hemp, cannabis stocks have seen impressive gains over the last month or so, with no signs of slowing down. Following the increase of capital and influx of consumer interest entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. With the end of January only a few weeks away, Premier Health Group (OTC:PHGRF) (CSE:PHGI), MariMed Inc (MRMD), Constellation Brands Inc (STZ), and Trulieve Cannabis Corp (OTC PINK:
Premier Health Group (OTC:PHGRF) (CSE:PHGI) has seen impressive growth throughout the last few weeks of January, as the cannabis sector has garnered significant notoriety, as well as a major increase in public support. Recently, Premier has been largely focusing its efforts on investing in opportunities that combine healthcare and cannabis to develop a cohesive business model.
Earlier this week, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced that as part of its international expansion strategy, it has entered into a strategic partnership with China'a 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."
MariMed Inc (MRMD), a leading multi-state cannabis operator, announced earlier this week the formation of MariMed Hemp, Inc, a wholly-owned subsidiary to be entirely focused on hemp-derived CBD products. Per the announcement, the new subsidiary will have a dedicated executive team, proprietary brand and product lines, and distribution and marketing relationships, all separate from MariMed's core cannabis business.
Robert Fireman, CEO of MariMed, said, "With the recent signing of the U.S. Farm Bill that declared hemp fully legal at the federal level, we believe the hemp CBD industry may grow even faster than the cannabis industry. Consumers and retailers alike seek the highest quality, trustworthy products. While many niche players may try to compete, the reality is that only a handful of suppliers can reliably deliver top-quality CBD products at a scale that can serve the needs of major retailers."
Constellation Brands, Inc (STZ), a leading beverage alcohol company, announced early last week that the Company had elected Bill Newlands, president and chief operating officer, and incoming chief executive officer of Constellation, to serve as a member of its board of directors.
Following this announcement, Rob Sands, Constellation Brands' CEO, said, "Bill has a deep understanding of consumer trends and an ability to leverage those insights to enhance our innovation pipeline and drive incremental growth. His extensive beverage alcohol industry experience and appreciation for the values and principles that have made Constellation successful for more than 70 years make him ideally suited to serve as our next CEO and a great addition to our board of directors."
Trulieve Cannabis Corp (TCNNF) announced earlier this week that the Company founders had entered into voluntary lock-up agreements with the Company in respect of 75,510,694 subordinate voting shares, representing 68.6% of the subordinate voting shares of the Company, assuming the conversion of all issued and outstanding multiple voting and super voting shares of the Company.
Kim Rivers, CEO of Trulieve, said, "This extension of the lock-up period is indicative of the confidence that the Company founders have in the vision and execution of our corporate strategy. As we continue with our efforts to bring high-quality products and industry-leading customer service to multiple cannabis markets across the U.S. with the goal of increasing shareholder value, we will also take a responsible approach to managing our share float."
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