3 Stocks Preparing To Profit From Cannabis Industry
As Canada made history yesterday, becoming the first G7 nation in the world to legalize recreational cannabis, the demand for legal marijuana is likely to see an intense shift throughout North America. The upcoming U.S. mid-term elections will be including cannabis as a topic of discussion. Four states are considering legalizing cannabis and if all 4 states vote green, pot would be legal for recreational use in 11 states and D.C., and 33 states for medicinal purposes.
Significant attention has been placed on what’s next for the cannabis industry across the continent. In Canada alone, recreational cannabis could generate annual revenues higher than $8 billion by 2020, according to the Cannabis Business Plan.
For investors that are weary of a pure-play positions in cannabis stocks, there are companies that hold positions in traditional industries while also working to expand their business to include a stake within the hot cannabis industry.
Premier Health Group, Inc. (PHGI.CN)
Premier Health focuses on developing innovative approaches that combine human skill-based expertise with emerging technologies for the healthcare industry. Premier Health’s subsidiary, HealthVue, develops proprietary technology through the combination of connecting primary care clinics with telemedicine and artificial intelligence (AI).
The company is currently reviewing a pipeline of strategic acquisitions and scouting new locations and anticipates closing on two of these opportunities in Q4–2018. Specifically, the company is targeting acquisitions of clinics, technology and patients, as well as cannabis clinic(s) and partnerships.
Premier Health announced earlier this month that it has selected Reliq Health Technologies Inc. (RHT) as its exclusive technology partner. Reliq is a healthcare technology company that specializes in developing innovative software solutions for the Community Care Market and will be providing Premier’s HealthVue primary care clinics with a HealthVue-branded telemedicine, remote monitoring & AI solution for its clinical staff and more than 100,000 active patients.
Verde AgriTech Plc (NPK.TO) (AMHPF)
Verde AgriTech promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in Brazil’s largest agricultural market, is the source of a potassium-rich deposit from which the Company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.
Yesterday, the company announced sales results for 2018 and expansion plans for 2019. Verde has received orders that match its total production capacity for 2018 and to fulfill orders for Super Greensand® has been operating its plant 24 hours a day and 7 days a week.
Verde’s President & CEO, Cristiano Veloso, commented: “Though it pains us to turn away buyers because we have now reached maximum production capacity, we are even more determined to accelerate our expansion and supply an ever greater numbers of Brazilian farmers”.
Platinex Inc. (PTX.CN) (PANXF)
Platinex’s goal is to create shareholder value through exploration, opportunistic acquisition and discovery of commercial gold while developing various strategies to capitalize on the lucrative growth of the cannabis sector in North America.
Earlier this year, as announced in the press release in January 31, 2018, the Company has closed an acquisition of a royalty interest in Dave’s Space Cakes LLC, which owns the intellectual property to a line of cannabis-infused brownies and an acquisition of a 51% interest in Intergalactic Foods LLC, which obtained a cannabis processing license from the Oregon Liquor Control Commission in April 2018.
The company announced yesterday the appointment of Robert Blake as Co-CEO and Director. Walter Henry, President and Co-CEO said, “We are pleased to add a seasoned businessman with the breadth and depth of business experience that Bob holds across many states in the U.S.A particularly Oregon. We look forward to Bob’s knowledge of the business environment in Oregon, to his input and direction given his impressive hands-on businesses successes as the Company evaluates alternatives to the mining segment”.
Small Cap Reporter is an affiliate of Midam Ventures LLC. Pursuant to an agreement between MIDAM VENTURES, LLC and Premier Health Group Inc. MIDAM was hired for a period from 10/1/2018–4/1/2018 to publicly disseminate information about Premier Health Group Inc. Midam was paid $100,000 (CASH) & “500,000” shares of restricted common shares, they own zero shares that were purchased in the open market. Once the (6) six-month restriction is complete on 4/1/2018, Midam plans to sell the “500,000” shares of Premier Health Group Inc. that they hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. Midam may buy or sell additional shares of Premier Health Group Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Click here for full Midam disclaimer.
