Cannabis as a whole has shown a large amount of promise over the course of the past several years. So much has changed in that time however, that it can often be difficult to keep up with where the marijuana market could go. One of the sides of the industry that has shown a large amount of potential has been that of companies that produce cannabis concentrates and other distillates. These products have shown themselves to be vastly popular amongst both the recreational users of the substance as well as those who use it for medicinal purposes.
One of the key reasons amongst others is that cannabis concentrates are highly predictable in terms of dosage and repeatability. For someone using cannabis for medicinal purposes, this is an attribute that is highly desired. Cannabis concentrates are continuing to move up in terms of innovation which means that this side of the industry still has a long way to go which could present even more opportunities for investors.
Ionic Brands Corp. (IONC) (IONC.CN) is a cannabis holdings company that is currently based out of the Washington marijuana market. The company is headed by several experienced individuals who together have decades of knowledge about the marijuana market. Interestingly enough, the company has also become established in the Washington space as having their brand, IONIC, be one of the top vaporizer brands in the whole of the industry. With their goals of moving westward into states like Oregon, California, and deeper into Washington, it seems as though they are well on the way to the future.
The company recently announced that their flagship brand Ionic will have a brand new packaging system that should put it into the higher tier of product in the market. The company, which aims to have their product be considered a luxury, has been working hard to have their packaging align with the high-end side of the industry. The new product will be on the shelves of the aforementioned markets hopefully in the not too distant future, which makes the company even more enticing to keep an eye on. With product packaging being shown to be a key factor in the decision of whether or not to buy a given item, Ionic Brands Corp. seems as though they are doing right by their customers by offering top-notch products to the open market.
Tilray (NASDAQ:TLRY) is another company that has been working to produce high quantities of marijuna extracts. The company is famously known throughout the industry for their sheer size which makes them one of the biggest players in the market. Additionally, their listing on a large U.S. exchange such as the NASDAQ, has helped to get the word out about the potential of cannabis.
The company still has a lot to work on in terms of their business model, but with a friendlier investment space and market than ever before, they definitely look like they are on the right track. Investors should continue to keep an eye on Tilray as they represent a solid part of the top of the market.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Ionic Brands Corp (IONC), Midam has been paid $50,000 from Ionic Brands Corp (IONC) for a period from April 2, 2019 to May 2, 2019. We may buy or sell additional shares of (IONC) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Ionic Brands Corp (IONC).