On December 10, 2018 we published our newest Connect the Dots feature on a company that has just begun to hit the ground running in the Canadian cannabis and healthcare market. Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) & its subsidiary, HealthVue have already begun to catch the attention of the market this week.
On December 11, 2018 the trend continued as Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) hit fresh highs of $0.78 on strong morning momentum. What we’ve seen so far is right in line with the new action the cannabis space has started to see again and this could lead us to believe that there may be a Santa Claus rally in the works for pot stocks.
This latest move has been on the heels of Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI)‘s latest announcement where they have just signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. As far as timing is concerned, the expected closing isn’t years away; the Company expects the acquisition to close in or about Q1-19.
For the fiscal year 2017/18, the pharmacy has revenues of approximately $1MM and Adjusted EBITDA of about 30%.
“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 Health Group Inc., (OTC: PHGRF) (CSE: PHGI).
Something To Really Keep In Mind
As we continue coverage of Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI), it’s important to “look at your surroundings”. In our opinion, this latest move to acquire a Canadian (key word there) pharmacy could be much more than just an opportunity to sell prescriptions. The pharmacy industry in Canada could be on the verge of big potential now that cannabis is legal. In fact, Shoppers Drug Mart for example, has been granted a license to sell medical marijuana online and we’re sure they won’t be the only ones.
Health Canada’s list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds, and oil.
The spectrum of offerings has just been widened and those companies getting a foot in the Canadian pharmacy market right now could have the upper hand as this market continues to expand.
Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) not only has a large patient pool and a “foot in the door” with this LOI, but they’ve also got telehealth technology in place to stay at the forefront of this new market directive! Just look at what the MAJOR cannabis companies are starting to do.
Aurora Cannabis, for example, just purchased Farmacias Magistrales in Mexico…they’re going after pharmacies to grow! Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) is already hot on this trail while also having MORE PATIENTS under its umbrella than some of the largest cannabis companies in the industry.
When we talk about timing and connecting the dots, this is what we’re talking about. With Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) charging along, this could be just the beginning!
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