MMNFF - Watch These Four Marijuana Stocks On Friday

CORAL GABLES, FL/ ACCESSWIRE / March 1, 2019 / The marijuana stock market has proven to be something to marvel at over the course of the past few months, as companies in the cannabis sector have been enjoying the market's recent bull run. Perhaps the most update to the industry has been the addition of marijuana stocks on larger U.S. exchanges like the NASDAQ or NYSE. This has worked to give well-performing companies the notoriety they've deserved, as well as generate free-flowing capital into the nascent industry. In addition to cannabis companies now trading on major exchanges, lawmakers have been advocating for legislation in favor of legalizing marijuana, ultimately resulting in a tidal shift of option from the public. All in all, if the cannabis sector continues to progress at the rate we've seen thus far, investors looking for potential opportunities may want to look into this nascent industry. Premier Health Group (PHGRF) (PHGI), MedMen Enterprises Inc (OTCQX: MMNFF) (CNSX: MMEN), InMed Pharmaceuticals Inc (OTCQX: IMLFF), and Terra Tech Corp (OTCQX: TRTC) are 4 pot stocks that could test close out strong this week.

Premier Health Group (PHGRF) (PHGI) primarily functions as a healthcare company focused on developing innovative healthcare approaches that combine human skill-based expertise with emerging technologies, but, in recognition of the growing potential posed by cannabis as an alternative treatment solution, the Company has made several key investments to enter the cannabis clinic space.

Earlier this week, Premier Health Group (PHGRF) (PHGI) announced the launch of a technology-enabled mental health initiative. The initiative will focus on providing app-enabled mental health counseling 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.

In response to the announcement, Dr. Essam Hamza, CEO of Premier Health Group (PHGRF) (PHGI), said, "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."

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MedMen Enterprises Inc (MMNFF) (MMEN) earlier this week released its consolidated financial results for the second quarter of fiscal 2019. After going public almost one year ago, MedMen has established a track record of growth and success. With approximately 7% market share in California, the largest cannabis market in the U.S., the Company is planning to open 16 new locations across the U.S. in calendar 2019.

Following the announcement, Adam Bierman, MedMen CEO and Co-founder, said, "our strong second quarter results support MedMen's commitment to driving strong retail and sales performance, while efficiently scaling the Company and executing on our growth strategy. As we emphasized last quarter, we are in a new phase of growth, one focused on continuing to operationalize our industry-leading retail footprint and increasing our profitability. We are confident in the team we've built to drive our success."

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InMed Pharmaceuticals Inc (IMLFF), a fully integrated, cannabinoid-based biopharmaceutical company that utilizes its proprietary platform to develop novel therapeutics for the treatment of diseases, reported financial results for the three and six months ended December 31, 2018, earlier this month.

Eric Adams, President and CEO of InMed, stated, "regarding our INM-750 program for the treatment of Epidermolysis Bullosa ("EB"), we are nearing our final selection of the contract manufacturing organizations that will provide the process and analytical development and GMP production of the topical cream for our first-in-human trial; the final decision should be made by the end of this month. Between now and early summer, we will also be working on the GMP supply of the active pharmaceutical ingredients to be used in Phase I clinical trial."

For More Information On InMed Pharmaceuticals Inc, Click Here

Terra Tech Corp (TRTC) made headlines today when the Company announced that it has entered into an agreement to acquire the remainder of the interest in the Blüm Reno dispensary. Per the details of the agreement, Terra Tech Corp.'s ownership in the Blüm dispensary, including its cannabis licenses, will increase from 50% to 100%, and Terra Tech Corp.'s ownership in the building which houses the dispensary will increase from 50% to 100%.

Following the announcement, Derek Peterson, CEO of Terra Tech, commented, "this purchase allows us to have complete ownership and control of the Reno Blüm dispensary, which provides much-needed cannabis products to the local medical and adult-use markets, at a price that we believe accurately represents a fair value."

For More Information On Terra Tech Corp, Click Here

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