CORAL GABLES, FL / ACCESSWIRE / January 23, 2019 / The marijuana stock market around the nation has emerged over the last few years as an area of excitement and innovation. In more recent news, countless pieces of legislation have come to pass in support of the legalization of cannabis, refuting in the advancement of a sector with companies doing everything in their power to create products and services meant to better the lives of consumers. The overwhelming majority of the population has expressed a favorable opinion in terms of legalizing marijuana, resulting in the cannabis sector showing exciting promise for investors. As we enter the closing weeks of January, Premier Health Group (OTC:PHGRF) (CSE:PHGI), Aurora Cannabis Inc (ACB), HEXO Corp (OTC PINK: HYYWF; TSX: HEXO), and MariMed Inc (MRMD) are four pot stocks worth keeping a close eye on.
Premier Health Group (OTC:PHGRF) (CSE:PHGI), like many companies in the cannabis industry, is focused on creating quality products meant to improve the quality of life for those who purchase and/or consume said products, but where Premier stands above the rest is in their commitment to innovative integration strategies. Over the course of the past several weeks, the Company has seen impressive growth in response to their decisions to invest in companies and products looking to close the gap between healthcare and cannabis.
Earlier last 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'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.''
Aurora Cannabis Inc (ACB) announced earlier this month that the Company had entered into a letter of intent agreement to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million, including certain milestone payments.
At the time of the announcement, Terry Booth, CEO of Aurora, said, ''This transaction adds an iconic, organic certified BC-based brand with exceptional traction and a significant price premium in both the medical and retail markets. We intend to accelerate the completion of Whistler's Pemberton expansion project and leverage our domestic and international distribution channels to increase market reach for their exceptional products. Whistler has established leadership in the organic cannabis market, and we look forward to welcoming Christopher and his team to the Aurora family."
HEXO Corp (HYYDF) found itself in major headlines earlier this week when the Company announced plans to file a preliminary prospectus supplement to its amended and restated short form base shelf prospectus dated December 14, 2018 relating to a proposed marketed public offering of common shares of the Company for gross proceeds of roughly C$50 million. Per the announcement, the Offering will be priced in the context of the market with the price and total size of the Offering to be determined at the time of entering into an underwriting agreement for the Offering.
The Company said, in a press release regarding the matter, the they will use the net proceeds from the offering for general corporate purposes, including funding the Company's global growth initiatives and research and development to further advance the Company's innovation strategies.
MariMed Inc (MRMD), a leading multi-state cannabis operator, announced earlier this month that it had formed MariMed Hemp, Inc, a wholly-owned subsidiary to be entirely focused on hemp-derived CBD products. Per the announcement, MariMed Hemp 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.''
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