Sunlife Coverage News! Great for Tetra at the end of the day One of the key points is that, this signals a shift to a more accepted view of cannabis "as medicine"! Awesome for Tetra!
As for the impact for Tetra’s PPP001, the issue with physicians and pharmacists accepting to prescribe and dispense cannabis-related products comes from the lack of proper clinical trials studying the effects of a cannabis drug within specific medical conditions. Just because a private insurers now covers medical cannabis does not change that barrier/issue for the professionals. They will still be hesitant to prescribe medical cannabis without science behind it especially if it’s not produced under the tight pharmaceutical GMP standards that the dried cannabis blend in PPP001 is mandated.
So at the end of the day, this is positive news since a major health care insurance company is thinking in a different way and reacting to the public’s demand and needs. Once PPP001 receives an approval from Health Canada, it will be ready to show the professional world the maximize benefits (based on the clinical trial results) it has to patients INSTEAD of convincing then WHY cannabis prescription drugs have an important role to play for patients. Many hurdles have been taken away! The demand and volume for Tetra’s products will be enormous! Believe!
P.s once the recent money deal is finalized, the stock should go back up in my opinion. Remember Tetra is a long stock profit maker. If your going to flip, then be prepared to get caught with your pants down. You can’t predict the stock markets up and downs! Cheers