CORAL GABLES, FL / ACCESSWIRE / March 5, 2019 / It's hard to believe how successful the marijuana stock market has become in such a short time. Given the infancy of the cannabis industry, typically markets don't have the level of excitement surrounding them like we continue to see with marijuana stocks. According to several analysts, the past few months have been extremely instrumental in surmounting the growth of the industry, namely because of the recent influx of legislation in support of legalization. As more consumers continue to recognize the potential health benefits of cannabis products, and lawmakers push for federal legalization, the future of the cannabis sector looks brighter every day. Premier Health Group (OTC:PHGRF) (CSE:PHGI), India Globalization Capital Inc (IGC), Aurora Cannabis Inc (ACB), and Aphria Inc (APHA) represent 4 cannabis companies worth looking into on Tuesday.
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 its healthcare framework, but where they go above other companies in the industry is in their commitment to investing in a myriad of products and services to improve the care offerings for their patient network.
Earlier this year, the Company's executive leadership recognized the immense potential in medicinal cannabis as an alternative form of treatment for patients suffering from a multitude of diseases. In acknowledgment of this notion, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced plans to formally enter the cannabis clinic space later this year.
In recent news, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced towards the end of last month the launch of at technology-enabled mental health counseling service for patients in urban centers and remote and underserved populations. Dr. Tahmeena Ali and Dr. Robert McKenzie are two Vancouver-based family physicians with extensive experience in mental health care and will be championing the initiative. Mental health has become something of a taboo to discuss, let alone seek treatment, and Premier is taking the steps to help their patients receive the care they need.
Following the announcement, Dr. Essam Hamza, CEO of Premier Health Group (OTC:PHGRF) (CSE:PHGI), commented, "it's disheartening to hear that 1 in 5 people in Canada will personally experience a mental health problem or illness and due to the lack of accessibility to care providers, we are failing to meet the needs of mental health care provision. Having the ability to offer virtual mental health counseling services is pivotal to our patient-centric app. Through my own practice, I have encountered a significant number of teens and young adults who would much rather use virtual services from the comfort of their home than come in person and wait in a busy waiting room to talk about their mental health."
India Globalization Capital Inc (IGC) announced in late February that the Company had successfully challenged NYSE American's decision to delist the common stock of the Company from trading on the Exchange under the Exchange's appeal procedures. In a written decision issued on February 20, 2019, a review panel of the Exchange unanimously ruled to set aside the Exchange's October 29, 2018 decision to delist the Company's common stock, finding that the Company has not discontinued the business it conducted at the time it was first listed on the Exchange.
Following the announcement, Ram Makunda, CEO of IGC, commented, "we are very pleased that the Exchange procedures allowed us the opportunity to challenge the decision to delist and to present our case to a review panel. We are happy with the result, and we believe the decision accurately shows our efforts to continue and expand our operations within our two existing business lines."
Aurora Cannabis Inc (ACB) made headlines yesterday when the Company announced its completion of the acquisition of all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction, pursuant to the terms of an amalgamation agreement dated January 31, 2019, among Whistler, Aurora, and a wholly owned subsidiary of Aurora.
Per the details of Aurora's acquisition plan, the Company intends to leverage its expertise in completing EU GMP compliant facilities to accelerate certification of the new Pemberton facility, ensuring the Company can leverage the Whistler brand on a global scale. Through integration with certain of Aurora's organic compliant grow technologies, the Company anticipates increasing productivity at both of the Whistler facilities and increase product offerings for both domestic and global markets.
Aphria Inc (APHA) announced earlier this week that Health Canada has granted the Company its license amendment, permitting Aphria to commence production in an additional 800,000 square feet of facilities at its Aphria One location, as part of the Company's completed Part IV and Part V expansions.
Following the announcement, Irwin Simon, Interim CEO of Aphria, said, "this is a major milestone for Aphria on its path to becoming a leading global cannabis producer, as well as a positive development greatly anticipated by the Canadian cannabis industry. Aphria's progress expanding production and automation is essential to our strategy of securing scale and long-term advantages that enable the evolution of the cannabis industry through product and brand innovation."
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