CORAL GABLES, FL / ACCESSWIRE / January 25, 2019 / The marijuana stock market has managed to take off throughout the industry in a short period of time. One of the main tenets of the market is the fact that the producers of cannabis often hold the keys to the kingdom. These cannabis companies have the unique ability to produce hundreds of thousands of kilograms of marijuana, helping to fulfill the large and ever-growing demand. 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), Aphria Inc (NYSE: APHA, TSX: APHA), Tilray Inc (TLRY), Aurora Cannabis Inc (ACB) 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. The past several weeks have served as a testament to the Company's commitment to these principles, given that as a result of their dedication to the consumer, shares of the Company have enjoyed impressive growth, attracting potential investors and new customers alike.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) today announced that, in an effort to maintain a well-regulated leadership team, it had added two key new hires to support its anticipated growth in 2019 and beyond.
In a press release regarding the announcement, Dr. Essam Hamza, CEO of Premier Health Group (OTC:PHGRF) (CSE:PHGI), said, ''As we further our expansion, we are thrilled to officially bring on two new members to the Premier leadership team. Mr. Mena Beshay has accepted the role of CFO with the company, and Ms. Kanchan Thindal will take on the position of COO. These two highly educated individuals bring extensive financial, operations and strategic experience to Premier that will be a major asset as we enter our next phase of growth and further our patient-centric mission.''
Donald Gordon will be resigning from his position as Chief Financial Officer effective immediately. The Company would like to thank him for his services as CFO.
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Aphria Inc (APHA) confirmed earlier this week, via an official press release, 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.
Directly following this announcement, Irwin Simon, the Company'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.''
For More Information On Aphria Inc., Click Here
Tilray Inc (TLRY) found itself in headlines earlier this week following an announcement that the Company had entered into a definitive agreement pursuant to which Tilray, through a wholly-owned subsidiary, will acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc., the parent company of a licensed cultivator of cannabis.
Brendan Kennedy, Tilray President, commented on the announcement, saying that, ''We're very pleased to have an agreement in place that allows us to expand our capacity to supply high-quality branded cannabis products to the Canadian market. Through an extensive and thorough search for the right supply partner, we're pleased to have come to a mutually-beneficial agreement with Natura.''
For More Information on Tilray Inc., Click Here
Aurora Cannabis Inc (ACB) yesterday announced that the Company had closed its previously announced offering of 5.5% convertible senior notes due 2024 for gross proceeds of US$345 million (including US$45 million pursuant to the exercise of the initial purchasers' over-allotment option). The notes were issued at par value.
As for the Company's plans for the proceeds gained from the offering, Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth.
For More Information On Aurora Cannabis Inc., Click Here
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