Premier Health (OTC:PHGRF) (CSE: PHGI) Announces Strategic Partnership With China’s 360 Health, a Subsidiary of 360 Security Technology Inc.
Premier Health (OTC:PHGRF) (CSE:PHGI) Signs Definitive Agreement for Acquisition of Cloud Practice Inc., a National Medical Software Application Company
According to  Deloitte, global health care spending is projected to reach $8.7 trillion by 2020. This growing, multi-trillion-dollar industry is evolving to meet the demand of global consumers.
The way people receive health care is evolving. Advancements in telemedicine and artificial intelligence are making way for innovative health care approaches that combine human skill-based expertise with emerging technologies.
Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is a Canadian publicly traded company strategically poised to take advantage of business opportunities in the global health care industry.
THE PROBLEM: The Health Care System is Dated & Broken!
- Rising Costs: Governments and payors facing increasing costs that are simply unsustainable.
- Inefficient Use of Resources: 39% of Canadians who visited an ER indicated that they could have avoided the visit if they had better access to primary care.
- Doctor Supply: A shortage of primary care doctors and nurses, especially in remote and rural communities, leads to clinician burn out and patients frustrated by long wait times. Newly licensed doctors are avoiding primary care because of these dynamics, which increases the pressure on an already stressed system.
- Accessibility: Approximately 15% of Canadians aged 12 and older don’t have a primary care physician. Nearly two-thirds (59%) of seniors are unable to get a same-or next-day appointment. Almost 7 in 10 Canadians avoid seeing a doctor when they are sick.
THE PREMIER HEALTH SOLUTION:
- On Your Time: Patients can book appointments & be seen by general practitioners & specialists 24/7.
- Ease of Access: Patients, Doctors, Nurses & Pharmacists can review your medical chart in real-time, anytime.
- No Borders: Doctors can be anywhere in the world and still see their patients. Patients can visit any clinic and have their medical charts follow them.
- At Your Convenience: Prescriptions electronically submitted to the pharmacy of their choice or delivered free to them by a preferred pharmacy partner.
Premier Health’s Future Is Happening Right Now!
HealthVue, a subsidiary of Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) currently has an ecosystem of over 100,000 active patients and plans to rapidly increase that number both domestically and internationally.
Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is rapidly expanding. On 12/10/2018 the company signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. Premier Health expects the acquisition to close in or about Q1-19. It’s worth mentioning that this is not just a “startup pharmacy” Premier Health is aiming to buy. For the fiscal year 2017/18, this pharmacy has revenues of approximately $1MM and an adjusted EBITDA of about 30%.
Just the Tip of the Iceberg
On its own, Premier Health currently has 4 medical clinics and 20+ licensed medical professionals. In 2018 the company has reported 36,521 patient visits, 6869 online bookings and 418 of telemedicine visits.
This Proposed Acquisition Comes With:
- Juno EMR (Electronic Medical Record) Cloud-Based Solution.
- ClinicAid, a Medical Billing Software.
- MyHealthAccess, an Online Patient Portal.
- 287 Clinics
- 3,000+ Licensed Practitioners
- 1,500 Medical Staff
- 2,870,000 Registered Patients
This Gets So Much Better…
ClinicAid, processes upwards of $30,000,000 in payments to over 3000 health providers on a monthly basis. This new potential acquisition would give Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) immediate access to added cash flow and earnings growth.
The Cannabis Connection
Dr. Essam Hamza, Chief Executive Officer of Premier Health said, “The role of Cannabis in treating medical conditions is continuously expanding. Our doctors have had success in treating their patients with various ailments from chronic pain to cancer-related symptoms. Unfortunately, there is a gap between the patient’s need for medical marijuana, and the family doctor’s comfort and knowledge to prescribe it. We are looking to fill that gap with various forms of clinics and services to help our patients and healthcare workers”
“Cannabis clinics fit in perfectly with our existing Telemedicine services and comprehensive app plans. The patient will not only be able to see their family doctor with our app but also connect with their Cannabis clinic healthcare worker, the education nurse and eventually even the pharmacy or LP that is providing the prescription. This team-based and encompassing approach will provide the best and most convenient care for our patients.”
The Canadian medical cannabis clinic market is estimated to be worth approximately $2.35 billion by 2025.
According to  Dr. Essam Hamza the Company expects to provide additional updates on Cannabis related acquisitions in Q4-18 and Q1-19.
A Man of His Word
On  November 26, 2018, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) provided an update on its expansion into Cannabis Clinics for Patients. The company announced that it had engaged discussions with Licensed Producers under the Access to Cannabis for Medical Purposes Regulation (ACMPR), other licensed medical cannabis companies and government officials in order to establish a framework for both patient and physician education.
Dr. Essam Hamza, CEO of Premier Health said, “With over 110,000 active patients in our clinic ecosystem it is important that we provide them with the best possible information that allows them to make informed decisions about their personal and family’s health. Providing our family physicians with the appropriate tools and knowledge to prescribe cannabis or with the ability to refer patients to a specialist within our clinics is a key outcome of this initiative.
The 11/26/2018 Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) news release went on to announce that the company is actively recruiting additional physicians for its existing clinics and a cannabis-focused physician that is licensed in Canada.
Follow the Cannabis Market Leaders
The major cannabis companies can forge the road ahead. Companies like Aurora Cannabis are going after pharmacies with its recent acquisition of Farmacias Magistrales in Mexico. In its latest financial report, Aurora Cannabis reported 67,484 active registered patients and this was up from roughly 43,000 during the prior quarter.
Another cannabis industry leader Canopy Growth reported 84,400 registered patients on September 30, 2018.
For What it’s Worth
Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) has an opportunity via its recently announced potential acquisitions, to access a pool that reaches roughly 3 million patients. Comparatively speaking, how do these numbers compare to the current aforementioned “cannabis market leaders”?
The Premier Opportunity
As stated before, according to  Deloitte. global health care spending is projected to reach $8.7 trillion by 2020. This growing multi-trillion-dollar industry is evolving to meet the demand of global consumers.
The way people receive health care is evolving. Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is utilizing advancements in telemedicine and artificial intelligence to make way for innovative health care approaches that combine human skill-based expertise with emerging technologies.
 2018 Global health care outlook: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-hc-outlook-2018.pdf
 Premier Health Group to Expand Scope of Practice by Launching a Cannabis Clinic for Patients: https://finance.yahoo.com/news/premier-health-group-expand-scope-080500501.html
 Premier Health Group Inc. Provides Update on Expansion into Cannabis Clinic for Patients: https://finance.yahoo.com/news/premier-health-group-inc-provides-123000166.html
DISCLAIMER: Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC and Premier Health Group Inc. we were 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. We were paid $300,000 (CASH) for & were paid “500,000” shares of restricted common shares (as of 1/2/2019). 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 we plan to sell the “500,000” shares of Premier Health Group Inc. that we 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. 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. FULL DISCLAIMER HERE
Is The US Destined For Another Recession?
It’s been nearly a decade since the United States endured its worst recession since the Great Depression. The devil in the details of Depression 2.0 had to do with two phrases that I am almost positive will confuse several of you; subprime mortgages and mortgage-backed securities. A subprime mortgage is a long-term loan issued to an individual who, at one time, may have not been a very trustworthy individual and failed to repay their accumulated debts. These risky borrowers were given loans from major banking institutions to purchase things like cars, houses, and other investments that most people don’t have cash on-hand to procure. Hmm, lending money to people who’ve defaulted on loans before, sure, there’s no way this can turn sour.
We’re back in 2008, and banks are issuing subprime mortgages left and right, but if these individuals may end up not making good on their monthly payments, how will banks make their nut? Enter “Mortgage Backed Security” ready to do some serious damage. Mortgage-Backed security was created by banks to sell claims to repayment streams from of a group of people’s subprime mortgages. For example, one could purchase one of these securities that had within it several subprime mortgages from those risky individuals we spoke about earlier. Interestingly enough, banks sold mortgage-backed securities to other banks who would then split up the securities into smaller chunks and sell those off to other banks. Soon enough, millions of subprime mortgage borrowers had their loan repayments in the hands of banks across the country. But these banking institutions failed to recognize one crucial detail about all of this; the original borrowers of the subprime mortgages were approved for loans even after they exemplified a history of failing to pay their mortgages. Suffice to say that in 2008, millions of subprime borrowers defaulted on their loans, causing banks to lose all profit gained from mortgage-backed securities, thus resulting in…drum roll, please…a recession!
Over ten years have gone by since our country underwent an industry-collapsing recession, and, although activity measures like retail sales, industrial production, and employment are at an all-time high, a growing number of economists and financial experts believe we are due for another recession in the next twenty-four months. Market growth has shown significant signs of slowing down over the last few months, with the Dow and several other indices dropping hundreds of points every week or so. As of Monday, the Dow fell 508 points, or 2.1%, with the S&P 500 following suit, as it dropped 2.1% to its lowest level all year.
“Traditional signals of a U.S. recession from the shape of a yield curve to a fall in housing investment to corporate bond spreads are suggesting in late 2019, early 2020.”
–Constance Hunter, Chief Economist, KPMG
According to several media outlets, all eleven sectors of the S&P 500 have received a decrease in expected earnings growth in the last few months, “led by utilities, materials, and industrials.”
Before he even took office, President Trump made it clear that he wanted every product, service, and commodity to be manufactured in America and only America. As it relates to the oil industry, this has translated to a rush to pump oil out of shale fields around the country, most notably in West Texas, miraculously leading to record-high levels of production for black gold. Though domestic oil production couldn’t be higher, concerns about oversupply have sent oil prices every which way but loose.
Clifford Krauss, a contributor to the New York Times, writes that oil is currently resting on an economic sweet spot, given that prices are not so high that consumers and businesses feel pressed for cash, and not so low as to disrupt business for engird companies and oil exporters like Saudi Arabia and Russia. Since President Trump insisted the US focus more domestic crude, oil production has more than doubled in the last ten years, to over 11 million barrels per day.
The recent drop in oil prices has not only raised concerns for investors in the space, but for manufacturers and the hundreds of thousands of oil workers that fear for their jobs. According to the New York Times, the last time oil prices slid in 2014, “more than 160,000 oil workers lost their jobs.” Think about it. If oil prices decrease, so too does the profit enjoyed by oil producers because a decrease is cost, coupled with overstock, will result in less demand, and therefore, less of a need for oil workers.
The current political climate surrounding President Trump has only stoked the fires causing stock market sentiments to be less than positive. Remaining true to form, Trump recently tweeted his criticisms of the US Federal Reserve, calling out the Fed after a year of ill-fated interest hikes.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!”
–President Donald Trump on Twitter
Another idea to consider is how the public will respond civically in the event of another recession. In other words, will Americans blame President Trump for the economic downturn of their country? According to the Brookings Institute, “whether fairly or not, by the time they are seeking re-election, the public holds sitting presidents responsible for the state of the economy.”
Although Trump has public tooted his own horn following impressive US employment rates, I wonder if tweets will be enough to secure his reelection in the event of a recession. Of the ten presidential incumbents who have sought re-election since the end of World War II, the only three who lost – Gerald Ford, Jimmy Carter, and George H.W. Bush all failed to secure a second term as they run during periods of sluggish economic growth, according to Time.
President Trump Vs. The Democrats
While I consider myself to be a learned individual, there are several things that still leave me puzzled, no matter how hard I try to strengthen my understanding. It makes no coherent sense to me why someone would pour the milk into the bowl before adding cereal, this is absurd. In the popular Earth, Wind, and Fire song, “September,” the lyric is “Badiya, say that you remember.” I attended a lecture given by the lyricist responsible for this song and “badiya” was justified by saying it sounds catchy. Leading scientists have proven that we burn off more calories in the process of eating celery than we actually absorb from the vegetable’s nutrients, yet we still eat it anyway. All above concepts remain a mystery to me, but the be-all, end-all puzzler in my mind is President Donald Trump’s devout obsession with building an elephantine wall along the US-Mexico border.
Trump has fought tooth and nail since his inauguration to allocate government funds to construct his wall. It’s almost as if sixty years ago, when Trump was twelve years old, he sat at the bedside of his dying great-grandfather who said, “Donny…(cough, cough) Promise me you’ll do one thing in your life.” Trump, in tears, responded, “Yes, grandpa, whatever you want!” Great-grandpa Trump continued, “Promise me you’ll build a wall between here and Mexico. A wall so high that everyone in heaven will sigh in annoyance at its grandeur…Promise me…Promise…(he falls asleep one last time). There can be no other explanation for President Trump’s adamance in wanting this wall built.
With the Democratic Party set to take back the house following the convening of the 116th Congress on January 3, President Trump publicly expressed his concerns about the fate of his wall with Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi on Tuesday. According to sources present at the meeting, Trump spoke, on end, about the importance of securing funding for border wall construction, going so far as to threaten to shut down the government if his demands aren’t met.
“If we don’t have border security, we’ll shut down the government — this country needs border security. I will take the mantle, I will be the one to shut it down. I’m not going to blame you [Democratcs] for it.”
–President Donald Trump
In terms of taking the temperature of the room during the altercation, Mr. Schumer told the press that President Trump had thrown a “temper tantrum” over the wall, continuing to say “the president made it clear that he wants a shutdown.” From the most bipartisan perspective one can possibly muster, there is no way to see Trump’s behavior during the meeting with the two Democratic members of Congress as anything less than incredibly disrespectful. The president shared his opinions for several minutes, then he paused, turned to Ms. Pelosi and said, with an incredibly pedantic tone, “Nancy, would you to share a few words?” Pelosi took an audible deep breath, and spoke:
“I think the American people recognize that we must keep the government. That a shutdown is not worth anything, and we shouldn’t have a Trump shut down.”
–House Minority Leader Nancy Pelosi (D-CA)
Pelosi’s attempt at a viral soundbite with “Trump Shut Down” aside, her words ring true for both sides of the aisle. Despite opposing perspectives on allocating funding for border security measures, no one wants to shut down the government. Nevertheless, the president persisted onward with his wall-based tirade. Trump tweeted more of his sentiments following the conversation with Mr. Schumer and Ms. Pelosi, threatening that “if the Democrats do not give us the votes to secure our Country, the Military will build the remaining sections of the Wall.”
Now, I am not fully aware of every single power at the disposal of an American president, but I’m pretty sure the president cannot command the US military to stop whatever it’s doing to work on a project not approved by the other two branches of government.
It’s clear that President Trump is getting nervous about making good on his promise to build a wall before the Democrats take back the House in several weeks.
Is Snapchat Dying?
For a very long time, I was convinced that I understood the inner machinations of social media. I truly believed that given how colorful my iPhone’s home screen was due to the cornucopia of collective apps placed strategically in folders based on what purpose the app served in my life.
Currently seated in my “social stuff” folder are apps like Facebook (FB) and Instagram (FB), staples in a content creator’s arsenal, along with YouTube (GOOG) and Skype (MSFT), for work purposes, of course. I waited to mention that I also use Snapchat (SNAP), the media sharing app created by parent company Snap Inc. (SNAP), because, to be completely honest, my use of the app makes me feel dated. I would wager several CVS coupons and a buffalo nickel that I belong to a dying breed of Snapchat (SNAP) users, a group of vagrants who no longer have even a single finger on the pulse of what’s trending and #relevant.
Many moons ago, Evan Spiegel Snap’s CEO (SNAP) decided that the Snapchat app, albeit an immense success at the time, was due for a facelift. He insisted that the company redesign the user interface of the app by creating a new “Discover” section for creators to share ideas, videos, and other interesting content. Suffice to say Snapchat’s (SNAP) redesign was taken very poorly. In August, the company announced its second-quarter daily average users had dropped 2% to 188 million. It probably didn’t help that Kylie Jenner, a celebrity famous for something I’ve lost track of, tweeted asking “does anyone else not open Snapchat anymore? Or is it just me…ugh, this is so sad.” Ms. Jenner’s candor aside, the tweet knocked off more than $1 billion of Snap Inc’s market value at the time.
“We’re watching a company explode into bits. This is the kiss of death to a brand like Snapchat with their base that has stuck with them.”
–Eric Schiffer, Chief Executive Officer, Patriarch Organization
According to Bloomberg, four of the last six quarters since Snap’s initial public offering in March 2017 have fallen short in terms of projected revenue for the company, and everyone seems to be waving their fingers and unimpressive bank statements at Evan Spiegel. The question is really whether Spiegel has any sense of where Snap Inc (SNAP) is going, and if so, what in the name of H.G. Wells is he thinking?
In late 2016, Snap Inc. (SNAP) decided it was a camera company and developed “Spectacles,” a pair of sunglasses with a camera embedded in the lens for the purpose of snapping pictures and video. Sounds like a cool product, right? Well, it would’ve been if not for the fact that the glasses could only be used on the Snapchat app. Last year, the company ate $40 million in unsold inventory after the company ordered roughly 800,000 units from China.
To put it very simply, I fear for the life of Snap Inc. (SNAP) and so do investors. Shareholders that were once proud to own stock in Snap (SNAP) are now fleeing in droves, largely in part to the fact that Snap’s shares are trading roughly 60% below its March 2017 IPO price, currently at $6.51 per share, according to recent reports. Spiegel doesn’t seem to know when to quit, as a recent report from Cheddar indicates that Snap Inc. plans on releasing yet another version of its Spectacles glasses, this time with two cameras and a higher price point of $350 per pair.
My lack of understanding of Evan Spiegel seemingly has no end. If you release a product that consumers demonstrate little to no interest in, why would you spend more money on building out the capabilities of the product? It’s not that people don’t think Spectacles aren’t cool, in fact, they’re really sick. The issue is paying nearly $400 for cheap sunglasses that record 20 seconds of video only to be shared on a social platform that no one uses anymore.
During a meeting with Snapchat employees back in July, someone asked what was meant by Snap’s mission statement, “to contribute to human progress by allowing people to express themselves.” Spiegel responded calmly and said that he believes that “one of the things that have been really helpful in maybe the past six months or so is that the contrast is starting to become more clear between our company and the other companies in technology.”
Yes, Mr. Spiegel, I fear this is true and, if you don’t make some favorable changes, this may not bode well for your company.
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