SeeThruEquity has initiated coverage with a price target of $4.65 on shares of Alternate Health Corp. (OTCQB: AHGIF) stock. Among other highlights, the analyst noted that the company’s San Antonio-based laboratory subsidiary provides an established revenue stream, which stands out compared to many public companies in the cannabis space. The laboratory was responsible for approximately $3.7 million in first quarter 2017. This profitable business is also viewed as a strategic asset in establishing relationships with health care providers. Additionally, the analyst noted the company’s technology solutions: VIP Patient™ Health Record Management System, a cloud-based electronic medical records system, and CanaCard Patient Management System, a proprietary practice management software platform developed for the controlled substance space. Alternate Health expects to report initial technology solutions revenues in 2017.
For more information, visit www.alternatehealth.ca
About Alternate Health Corp.
Alternate Health Corp. (CSE: AHG, OTCQB: AHGIF) is an international medical cannabis company that uses technology, research, education, production, and laboratories to increase the awareness, regulatory compliance, and appropriate usage of cannabinoids in modern medical practices. The company is strategically positioned in all facets of the medical cannabis value chain through the innovative integration of proprietary technology and know-how, acquisitions and partnerships, deep direct knowledge of and experience with improving patient outcomes, and management expertise. Alternate Health is well positioned to reinvest internal operating cash flow in its platform over the long term, creating an attractive investment profile for its shareholders. The company is headquartered in the Dallas-Fort Worth Metroplex with operations in Los Angeles, San Antonio and Toronto.
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