CORAL GABLES, FL / ACCESSWIRE / December 10, 2018 / Marijuana stocks remain in the spotlight. This week the markets are anticipating a decision on the Farm Bill in the US. Cannabis companies could stand to benefit from the passage of the Farm Bill. CBD or cannabidiol is derived from the cannabis plant but has none of the psychotropic effects of THC. In The Farm Bill, there are line items that change the Controlled Substances Act to legalize CBD. Ahead of this news, there are many pot stocks picking up momentum during the last month of the year.
Four leading cannabis stocks to watch after this big development: Premier Health Group (PHGRF) (PHGI), New Age Beverages (NASDAQ: NBEV), Aphria (NYSE: APHA), and Canopy Growth (NYSE: CGC) (TSX: WEED).
Premier Health Group (PHGRF) (PHGI) recently engaged discussions with Licensed Producers under the Access to Cannabis for Medical Purposes Regulation, other licensed medical cannabis companies and government officials in order to establish a framework for both patient and physician education. Furthermore, the Company is actively recruiting additional physicians for its existing clinics and a cannabis focused physician that is licensed in Canada.
This move could prove to be and exciting one for Premier Health Group (PHGRF) (PHGI). The Canadian medical cannabis clinic market is estimated to be worth approximately $2.35 billion by 2025. With this in mind, the company said that it expects to provide additional updates on acquisitions in Q4-18 and Q1-19.
This morning the company announced that as a part of its growth strategy to cover the major verticals associated with primary care, it has signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. Premier Health Group (PHGRF) (PHGI) said that it expects the acquisition to close in or about Q1-19.
"We are excited for this opportunity to acquire our first pharmacy, and thereafter being able to prepare and deliver prescription and non-prescription pharmaceuticals and other health products to patients. In doing so, the pharmacist will play an integral role in our team-based patient-centric model," said Dr. Essam Hamza, CEO of Premier. " Premier has engaged with patients, pharmacies and technology providers to not only introduce pharmacy services as a component of our comprehensive telemedicine app, but also to explore and implement efficiencies in fill and fulfillment."
Premier Health Group (PHGRF) (PHGI) subsidiary, HealthVue is focused on developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics with telemedicine and artificial intelligence. The company currently has an ecosystem of over 100,000 active patients and has plans to rapidly increase that number both domestically and internationally. To put it into perspective, Canopy Growth reported 84,400 registered patients at September 30, 2016. Furthermore, in its latest financial report, Aurora Cannabis for example, reported that it had 67,484 active registered patients and this was up from roughly 43,000 during the prior quarter.
For More Information On Premier Health Group, Click Here
New Age Beverages (NBEV) along with other cannabis stocks took off during pre-market trading on Monday. This momentum comes on the heels of its own deal news. New Age Beverages announced the signing of a definitive agreement to acquire Morinda Holdings, Inc., a Utah-based healthy lifestyles and beverage company with operations in more than 60 countries around the world.
The merger creates the 40th largest non-alcoholic beverage company in the world with $300 million in net revenue, $20 million in adjusted EBITDA, $200 million in assets, no debt, and $40 million in cash and working capital. It also provides New Age's Health Sciences products and portfolio of CBD-infused beverages immediate access into 60 countries, especially in China and Japan.
For More Information On New Age Beverage, Click Here
Aphria (APHA) was beaten down by some questionable headlines last week. The company refuted accusations and further announced its Board of Directors has appointed a special committee of independent directors to review the Company's previously completed acquisition of LATAM Holdings Inc., which closed on September 27, 2018, and confirm the Company's belief that it conformed with all Company policies and generally accepted corporate governance practices.
Vic Neufeld, Aphria's Chief Executive Officer, said, "We are committed to protecting our shareholders and restoring market confidence by confirming all the facts through an independent process to rebut innuendo and deception. Until then, it is business as usual at Aphria, as we continue taking significant steps to solidify our position as a premier global cannabis company."
Shares of Aphria jumped in pre-market trading on Monday morning.
For More Information On Aphria, Click Here
Canopy Growth (CGC) (WEED) finalized its deal with Storz & Bickel GmbH & Co. KG making it an official subsidiary of Canopy. The all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related entities, and IP was for a purchase price of up to approximately €145 million. With a 22-year track record of breakthrough innovations, Storz & Bickel is widely recognized as the global leader in vaporizer design and manufacturing.
The acquisition has Storz & Bickel's eponymous founders Markus Storz and Jürgen Bickel remaining as a part of the organization to continue driving the business forward alongside Canopy Growth's management.
"Joining Canopy will enable S&B to take the next significant development step forward. Access to Canopy Growth's extensive portfolio of test laboratories as well as pharmaceutical and medical-scientific know-how opens up entirely new product development opportunities," said Jürgen Bickel, CEO, Storz & Bickel.
For More Information On Canopy, Click Here
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