Impression Healthcare’s Share Price Jumps 5.56%

After lodging its medical cannabis license application, Impression Healthcare Ltd’s [ASX:IHL] share price has jumped 5.56%.

The lodgement represents a significant milestone in Impression Healthcare’s medical cannabinoid strategy. As reported in an announcement this morning, IHL’s strategy is aimed at leveraging intellectual property of current market leaders.

If approved, the license will most likely be issued within eight weeks, according to Impression Healthcare’s pharmaceutical application consultants.

Impression Healthcare is no stranger to massive gains, as well as propionate losses to its share price. This is why Money Morning contributor Sam Volkering sets out three rules any cannabis investor must follow before investing in a pot stock such as Impression Healthcare’s. Read more about it here for free.

Impression Healthcare’s share price set for bigger gains

The staggering way in which IHL’s share price has moved over the last month might give you the impression that the market and other investors aren’t convinced on its potential.

But that’s not necessarily true.

The problem at the moment is that IHL is still waiting on its medical cannabis license approval. But that is also its advantage. The company had already put fourth application to get licenses from The State Department of Health, Victoria and the Federal Office of Drug Control for the importation, storage, distribution and export of medicinal cannabis products, back in October.

So, it isn’t exactly new news. However, as we are approaching the New Year, we are vastly approaching the date that Impression Healthcare expected to be granted its license. Which will most likely help their share price and quieten the doubt we are currently seeing in the market.

Impression Healthcare’s 2019 outlook

Once granted, the license means that IHL can import and export cannabinoid medicines in Australia, as well as sell approved cannabinoid medicines across Australia (law permitted), under the special access scheme.

Elsewhere, Impression Healthcare has executed a Heads of Agreement with Pace Sports Limited (Hong Kong Company), for both the marketing and distribution of oral medication in China, ASEAN, Hong Kong and Taiwan.

Overall, Impression Healthcare believes this is a significant international expansion opportunity. And this most likely means good things for investors, provided Impressions Healthcare’s share price will come to reflect this.

But don’t be surprised if you do see Impressions Healthcare’s share price settle some what come tomorrow.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: When it comes to picking pot stocks, there’s three things you MUST do before investing in pot stocks. Find out here (for free).


Ryan Clarkson-Ledward is one of Money Morning’s analysts.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

Ryan’s primary focus is assisting Sam Volkering with background research and insight for readers by dissecting the latest events affecting the world. Working closely with Sam, they explore the latest in small-cap and technology stocks as well as cryptocurrency opportunities.

You can find Ryan’s contributing research, developments, and supporting information across several e-letters, including:


Leave a Reply

Your email address will not be published. Required fields are marked *

Money Morning Australia