Macy's Inc
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Consumer Discretionary : Multiline Retail | Mid Cap ValueCompany profile

Macy's, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy's, Bloomingdale's and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. Its bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of all credit card accounts that are owned either by Department Stores National Bank (DSNB), which is a subsidiary of Citibank N.A., or FDS Bank. The private label brands offered by the Company include Alfani, American Rag, Aqua, Bar III, Belgique, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Greg Norman for Tasso Elba, Holiday Lane, Home Design, Hotel Collection, John Ashford, Karen Scott, Thalia Sodi and lune+aster.

Closing Price
$25.79
Day's Change
1.04 (4.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
25.99
Day's Low
24.86
Volume
(Average)
Volume:
14,089,412

10-day average volume:
14,622,138
14,089,412

Medical Marijuana Is Evolving To Create New Opportunities For Investors

9:01 am ET December 19, 2018 (Globe Newswire) Print

via OTC PR WIRE -- The landscape for healthcare as we know it will most likely look very different a year from now. New advancements in healthcare technology and the advent of legalized medical marijuana have raised the stakes for companies aiming to capture market share. And everyone from Big Pharma to beverage and tobacco companies are vying for a seat at the table.

In a recent update from Aurora Cannabis, the company cited its growing patient base. Aurora logged an increase in its active registered patients for medical cannabis, resulting in a jump of 250% to 67,484. During these early stages of market growth it's important for investors to note that the healthcare market will no longer be dominated by Big Pharma alone and the pool of new cannabis patients will likely grow as the industry expands.

The global medical marijuana market will touch $55.0 billion by 2024; according to a new research study published by Global Market Insights, Inc*. The report explains that growing demand for marijuana application in the treatment of chronic pain caused by neurological disorders, cancer, HIV/AIDS, and arthritis will help drive the global market growth.

This trend has echoed across borders as well. In Canada, the pharmacy industry is jockeying for position as well. Shoppers, Lovell Drugs and PharmaChoice have signed supply deals with major cannabis producers yet few are taking full advantage of the play on medical marijuana. Other than Aurora, Canopy Growth has also focused on growing its patient base. The company recorded its registered medical patients at 84,400, which increased by 34% year-over-year.

Building from the ground up can be difficult in today's climate and knowing this, other companies are making a play at mergers and acquisitions to up the ante on patient exposure for medical cannabis. Premier Health Group for instance, has taken this approach. Earlier this year the company acquired HealthVue. With this acquisition, Premier was able to instantly enter the primary care clinic and potentially lucrative healthcare technology business.

HealthVue is a group of four Greater Vancouver based fully integrated, paperless and electronic medical record based medical clinics with a 10-year history, 22 healthcare professionals and over 100,000 active patients. Further to this, Premier Health Group has gone steps further. First, Premier signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. The Company expects the acquisition to close in or about Q1-19. To add to this, Premier signed a binding LOI to acquire all of the outstanding securities of Cloud Practice Inc.

The significance of this second LOI involves the products that a successful acquisition would bring into the company. Cloud's Juno EMR system is currently used by 287 clinics, over 3,000 licensed practitioners, 1,500 staff and 2,870,000 registered patients. Its ClinicAid processes upwards of $30,000,000 in payments to over 3000 health providers on a monthly basis. Though they are still in the letters of intent phase, if completed both of these would essentially add to immediate revenue opportunities and an expanded patient base of nearly 3 million to dwarf that of its industry competition.

There were 269,500 registered cannabis patients through December 2017, according to data released by Health Canada. Considering that 2018 marks the first year that cannabis is fully legal in Canada, awareness of the drug has surely increased and could end up sparking even more patient growth in years to come.

In other news, cannabis company Tilray opened up a new opportunity for Big Pharma to get its feet wet in the cannabis industry. On December 18, Tilray signed a global partnership with a division of Swiss drug giant Novartis to develop and distribute its medical marijuana in legal jurisdictions around the world.

Tilray Chief Executive Officer Brendan Kennedy said in a phone interview, "If a product comes into a pharmacy with the Sandoz logo co-branded on it, or if a pharmaceutical sales rep is talking to a physician about a product that's branded as Tilray and Sandoz, it lends credibility to that product."

With new initiatives beginning in places like Canada and proposed market expansion happening with things like the US Farm Bill, the legal cannabis industry will certainly be a focus for investors heading into 2019. As the excitement surrounding recreational marijuana has caught attention, it may be the medical side of the industry that secures a larger market share.

About marijuanastocks.com

MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), MIDAM VENTURES, LLC and Premier Health Group Inc., Midam was hired for a period from 10/1/2018 - 4/1/2019 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. Midam was paid $100,000 (CASH) for & were paid "500,000" shares of restricted common shares. We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six-month restriction is complete on 4/1/2019 Midam plans to sell the "500,000" shares of Premier Health Group Inc. that Midam holds 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. We 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. As of December 11, 2018 a member of MAPH holds 550 Aurora Call Options and 35,000 shares of Aurora purchased in the open market and may be sold at any time. Our full disclaimer will update at such time. Click here for our full disclaimer.

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www.financialnewsmedia.com

*Global Market Insights Report: https://www.gminsights.com/industry-analysis/medical-marijuana-market

SOURCE: MarijuanaStocks.com

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