Liberty Health Sciences Inc (OTCMKTS: LHSIF) is up 70% over the last 30 days. The rally is based on the Canadian cannabis companies strong movements in Florida. Surprisingly, the Toronto company’s core operations are based in Gainesville and with a series of construction projects at other existing facilities, LHSIF could have 225,000 square feet. This will put Liberty Health far ahead of other producers in the medical marijuana haven of Florida, which according to industry reports is in line to be the third biggest market grossing around $270 million.
LHSIF already has four dispensaries in Florida and recently partnered with an AI technology company to vastly improve and streamline their growing process at their Gainesville location. The technology will allow for predictive agricultural insights.
Liberty Health Sciences Inc (OTCMKTS: LHSIF), according to the company, is the cannabis provider committed to providing a trusted, high quality cannabis experience based on our genuine care for all cannabis users and a focus on operational excellence from seed to sale and beyond. LHSIF operates four dispensaries currently as well as six delivery hubs. Liberty has also signed seven new leases for dispensaries that are at various stages of permitting and construction. These new locations are expected to be opened by the end of February 2019, subject to the receipt of necessary approvals from the Florida Department of Health. The recently announced expansion of its one-day delivery services and the 24-hour or less turnaround throughout the entire state of Florida has also had a favorable impact on patient and revenue growth.
Find out when $LHSIF stock reaches critical levels. Subscribe to FinanceRegistrar.com Right Now by entering your Email in the box below.
“This partnership demonstrates Liberty’s commitment for being a cutting-edge company that consistently looks for new ways to advance common practices through data and technology,” said George Scorsis, CEO of Liberty Health Sciences. “Working together, we hope to refine AdaViv’s game changing data capture and growth analytics technology to help us achieve the highest quality, consistency and yield for our crops, as well as monitor our plants in ways that our eyes never could. AdaViv will provide us with actionable knowledge, backed by real-time data. This will not only increase our output, but it will also boost our quality in a data driven format.”
In addition, Last month Liberty Health announced it has become the first brand partner for the PAX Era, an easy-to-use, temperature controlled portable cannabis oil vaporizer, in the Florida market. The PAX Era vapor platform and compatible pod technology will be available in all of Liberty’s Cannabis Education Centers (CEC) locations and through delivery.
Lastly, Aphria used to have a large investment in LHSIF, but due to TSX rules, the company had to divest from Liberty, but still has an option to buyback the shares as regulations in the United States turn less gray.
Liberty Health Sciences Inc (OTCMKTS: LHSIF) has a market cap of 410.65M and a float of 273.58M. LHSIF is a stock to watch in this space and could have a lot of room to grow in the coming months. We will be watching this stock and keep readers updates as more news hits the wire. Sign-up for continuing coverage on shares of $LHSIF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LHSIF, either long or short, and we have not been compensated for this article.