Canada officially joined the states of California, Massachusetts, Maine, Alaska, Colorado, Washington, and Oregon as the first G-7 country to give the green light to the adult use of cannabis. Many marijuana stock investors are hyped up about the opening of Canada’s recreational marijuana industry. We saw this same kind of “calm before the storm” activity just before pot stocks boomed during the early days of legalization. Is history ready to repeat itself?
Integrated Cannabis Company (ICNAF)(ICAN) has been in focus of MarijuanaStocks.com since September. After initiating coverage on this company, we’ve seen a mix of corporate developments, cannabis industry catalysts, and technical breakouts that have fueled a multi-month, triple-digit run. In our opinion, the “fun” may just be getting started.
Our newest “Connect The Dots” feature, Integrated Cannabis Company (ICNAF)(ICAN) continues its bull run. One of the most exciting things about the latest market moves ICNAF/ICAN has been making is that it has seen many technical breakouts form on the chart:
2. Following those highs, we saw Integrated Cannabis Company (ICNAF)(ICAN) consolidate once again from September 20 to September 25. Then we watched as it ran to highs of $1.43 throughout the next week.
4?. Now we once again see Integrated Cannabis Company (ICNAF)(ICAN) in another potential consolidation range. After hitting those $1.58 highs early last week, the chart looks to have pulled back to another possible support level.
For example, when Integrated Cannabis Company (ICNAF)(ICAN) consolidated the last time before running to highs of $1.58, it tested but didn’t break below $0.97. This $0.97 mark is significant because it was a previous high set by Integrated Cannabis Company (ICNAF)(ICAN) on September 26, which just so happened to be the day before it went on the first big run past $1.
So why are we pointing this out right now? Take a look at the chart and the most recent potential consolidation trend. After Integrated Cannabis Company (ICNAF)(ICAN) hit highs of $1.58, it has pulled back but has not broken down. The lows have held above $1.00, and as of Friday, trading momentum appears to have begun to pick up. Could this be an indicator for another breakout after consolidation?
For Marijuana Stocks, Technicals Are Just The Start
Since September, Integrated Cannabis Company (ICNAF)(ICAN) has been able to hold an uptrend for months now. Despite the intermediate pullbacks, the overall chart is trending higher. But it hasn’t been a technical trend alone that has brought attention to this company.
Fundamentally, Integrated Cannabis Company (ICNAF)(ICAN) seems to be building a framework for growth in our opinion. In fact, over the last few months, Integrated Cannabis has made a point to align itself with some of the foremost public companies within the cannabis industry. This has been to increase distribution as well as enhance the current product offering:
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) Signs Distribution Agreement with Empower Clinics, Inc.
On September 20, Integrated Cannabis Company, Inc. announced the completion of a Letter of Intent (LOI) to distribute X-SPRAYS™ products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW), a leading owner and operator of medical cannabis and wellness clinics in the United States.
As of August 31, Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. The patient base in Oregon represents approximately one-third of the state’s total medical card issuance. Also, Empower has a historical patient database of more than 120,000 in the two states.
Integrated Cannabis Company, Inc. (ICNAF) Signs Co-Development and Marketing Agreement With a Canadian Licensed Producer, GTEC Holdings Ltd.
On September 27, Integrated Cannabis Company (ICNAF)(ICAN) announced the completion of a Letter Agreement to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd, a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).
On October 11, Integrated Cannabis Company (ICNAF)(ICAN) announced a retail-focused collaboration with New Age Farm, Inc. to deliver CBD education and innovative CBD products to the Colorado market this Fall.
The company has also been working to develop new products as well. On September 13, Integrated Cannabis Company, Inc. announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado:
Let’s face it; cannabis isn’t going away anytime soon. There are billions of dollars being heavily spent on this industry right now.
A $7Million Revenue Infusion Coming?
Integrated Cannabis Company, Inc. to Acquire Assets of Colorado-based Cannabis Innovator, Critical Mass Industries, LLC, With an Estimated USD $7 Million in Annual Revenue
Integrated Cannabis Company (ICNAF)(ICAN) signed a letter of intent to acquire all of the issued and outstanding securities of Critical Mass Industries LLC. The Colorado-based cannabis company, Critical Mass has operated for nearly 10 years under the brands: Good Meds and BOSM Labs.
CMI reported revenue in excess of USD $7 million in 2017 to the Colorado Department of Revenue. The Colorado Department of Revenue is responsible for all sales and excise taxes related to the cannabis industry in the State.
Integrated Cannabis will be able to use the combination of valuable Intellectual Property,branding opportunities associated with the truly unique value proposition & industry prowess that Good Meds holds along with the management expertise from the CMI team. Think about the opportunity that Integrated Cannabis Company (ICNAF)(ICAN) has in being able to now establish new verticals in the cannabis space both domestically and in emerging global markets.
CMI has over 100 elite cannabis strains, which will contribute proprietary cultivation and extraction methods to Integrated Cannabis Company (ICNAF)(ICAN). All of the combined assets will provide Integrated Cannabis Company (ICNAF)(ICAN) organic growth along with a clear runway toward acquiring existing licensees and the licensing of the Company’s IP and Brands throughout the globe via key strategic alliances.
Companies are paying big bucks to get a piece of these kinds of cutting-edge cannabis companies. One of the largest alcohol distributors in the world has placed a bet of more than $4 billion that cannabis will succeed in a BIG WAY.
Keep in mind that all of this is happening at the same time that Canada is beginning to allow the legal sale of recreational cannabis across the country! With mainstream media jumping on the marijuana stock bandwagon, the momentum in the cannabis market continues to surge.
Recent consolidation in the MJ sector could be creating a new opportunity. News outlets like CNBC and Bloomberg are now running regular pot-stock-specific reports before, during and after market hours as more attention on the sector builds.
As many of you have come to know, our track record has been solid when identifying early potential from companies within the marijuana sector and in our opinion, now could be the time to start taking notice of Integrated Cannabis Company (ICNAF)(ICAN) especially considering the recent trend that it has had over the last few months.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares. Click Here for Full Disclaimer.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | email@example.com