The marijuana stock market has long been controlled by a few companies who grow the substance at the top of the industry. These companies, which may have a lot of potential, do not account for the smaller guys in the market who offer ancillary services or alternative products to the space. While there is an opportunity in both sectors, cannabis is a broad market with a lot of options for the picky investor. Often times, the smaller guys may have the benefit of lessened volatility, but it does also come with a few downsides as every investment could. The most important thing to keep in mind is to always do the proper research before buying one company.
Ionic Brands Corp. (IONC) (IONC.CN) is a cannabis holdings company currently based out of the Washington marketplace. Their main brand Ionic, stands as the #1 vaporizer in all of the state, which just goes to show how popular they have become in recent months.
With so much focus on the low-cost high production model, it seems as though Ionic has managed to keep costs down while consistently putting out one of the highest quality products on the market. One of their main goals has been the expansion into other markets such as that of Oregon and California. If they are able to successfully expand into the aforementioned spaces, it seems a though they could continue to climb the cannabis ladder all the way to the top.
Recently, the company announced that they have entered into a letter of intent that would allow them to acquire the brand Astleys of London HK Limited. For those who don’t know, Astleys was founded over one hundred years ago and has since become flagship London tobacco brands considered to be highly prized due to their sophistication and commitment to high quality. It seems as though the two have found quite a good fit, as they both are aiming to go higher into the luxury segment of their respective businesses.
With this new alliance, Ionic Brands hopes to embark on the journey of creating new contemporary cannabis vaporizer products. The hope is that the two companies can continue to revolutionize what it means to be a modern cannabis business working out of some of the largest markets for the substance in the world.
HEXO Corp. (NYSEMKT:HEXO) is one of the bigger brands when it comes to the production of cannabis. The company has quite the large supply agreement with the province of Quebec, which could help to give them as much as 30% in terms of market share within the area.
If they are able to correctly tap into the opportunity they have, there’s no telling what HEXO Corp. could do. Additionally, their partnership with Molson Coors Brewing (NYSE:TAP) has also helped to bring them into the top of the market. All in all, HEXO Corp. continues to present a large amount of promise for the future of the cannabis 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).
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