CORAL GABLES, FL / ACCESSWIRE / March 7, 2019 / The marijuana stock market has come a long way in the last few years, largely in part to a recent push for legislation in support of legalization. Typically, the majority of the public adheres to the standards set by state legislators, and given that a significant amount of U.S. states have some form of legalized cannabis usage, public approval has been increasing at a steady rate. Despite cannabis' Schedule I narcotic status, the legal U.S. cannabis industry was estimated at $10.4 billion, and if trends continue as they have been, this year's gains could be even more impressive. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Terra Tech Corp (OTCQX:TRTC), GrowGeneration Corp (GRWG), and The Supreme Cannabis Company Inc (SPRWF) (FIRE.TO) represent 4 cannabis companies worth looking into on Thursday.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company working to develop innovative approaches that combine human skill-based expertise with state-of-the-art technologies to allow for the further development of their healthcare framework. The Company has managed to separate itself because of its dedication to fostering care options for its patient-centric operations.
Earlier this year, the Company's executive leadership recognized the potential future applications of cannabis as an alternative form of drug treatment, and in acknowledgment of this possibility, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced plans to formally enter the cannabis clinic space later this year.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) yesterday announced that the Company will be working with NexTech AR solutions to explore bringing augmented reality technology to its patient-centric healthcare app. Premier Health will be working with NexTech to develop educational tools for healthcare professionals and patients alike - some of which will be created and commercialized content for third parties. Utilizing AR as a learning tool in training healthcare professionals creates a highly engaging and immersive educational experience which aids in retention and how well complex concepts can be grasped.
Following the announcement, Dr. Essam Hamza, CEO of Premier Health Group (OTC:PHGRF) (CSE:PHGI), commented, ''at Premier Health we pride ourselves in being at the forefront of changes in healthcare, so we are thrilled to be a part of the future of healthcare by enabling state of the art technological advancements to our patient-centric telemedicine app. AR has the potential to revolutionize both the access to data and the delivery of healthcare.''
Terra Tech Corp (TRTC) saw its shares enjoy a 7.87% boost just before noon on Thursday, with shares trading at $0.98 per share. The Company made headlines earlier this week when they announced their completion of the renovation of its cultivation facility located on West Grand Avenue, Oakland, in California. One of the goals of the facility will be to research and develop various cultivation techniques to optimize efficiencies and crop yields.
Following the announcement of completion, the newly renovated facility features an upgraded power capacity to allow for more output and a larger vegetation room to support the cultivation of a greater variety of cannabis strains. The rooms are redesigned to incorporate better environmental controls, therefore improving the Company's ability to cool and dehumidify the rooms and minimize the risk of mold growth.
GrowGeneration Corp (GRWG), one of the largest specialty retail hydroponic and organic gardening chain of stores, selling to both commercial and home cannabis markets, announced in mid-February that the Company has acquired all assets of Reno Hydroponics.
Following the announcement, Darren Lampert, Co-Founder, and CEO of GrowGeneration said, ''Reno becomes GrowGen's 2ndlocation in Nevada and the company's 23rd store. As a recreational legal market, Reno is a prime area for GrowGen, with an increasing number of dispensaries and cultivators. We continue to enter markets, where the cultivation laws are conducive to growing, and where GrowGen can strategically locate its operations, in areas where there are a high concentration of growers. Our growth plan is working.''
The Supreme Cannabis Company Inc (SPRWF) (FIRE) today announced that, in an effort to further strengthen its board of directors, the Company has appointed a new independent director, Kenneth R. McKinnon. Prior to his work with Supreme Cannabis, McKinnon was served on the board of companies like Petrominerales Ltd. and Lightstream Resources Ltd.
Following his appointment, Navdeep Dhaliwal, CEO of Supreme Cannabis, commented, ''Mr. McKinnon brings a wealth of governance expertise and experience to our already robust board of directors. As a management team, we benefit greatly from our Board's stewardship and oversight. This addition will be of great value as we continue to execute on our strategic imperatives for 2019 and position Supreme Cannabis for long-term growth in the international cannabis market."
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