These Marijuana Stocks Are Up at Bat for a Bright Future
The marijuana stock market has seen some bright days in the past few weeks and especially in the past week alone. After the famed cannabis holiday 4/20, hit the market we saw prices begin to shoot up once again. This may be due to some short term bullish sentiment, but it seems as though the bulls may have returned to the market for good. There is no doubting that the potential is still very much alive in the cannabis industry as projections are slated to continue rising into the near future. All in all, many investors have high hopes for the future of the marijuana industry.
Ionic Brands Corp. (IONC) (IONC.CN) is one of the leading cannabis companies currently working within the smokeless products and edible market. The company has been working to produce large quantities of high-quality cannabis concentrates for use in edibles and vaporizers across the market. With as much as $8 billion projected for the cannabis concentrate market into the future, it seems as though the states in which Ionic Brands Corp. is working within, are the ones with the most potential for the future.
Ionic Brands Corp. has several factors going for them that make the company one of the top picks to watch into the coming future. One of the main reasons that was mentioned prior is the high projections for the smokeless cannabis market. The demand for these products has skyrocketed in recent times, and there are no signs of slowing down anytime soon.
Ionic Brands Corp. has been working to build their business through a series of strategic acquisitions that could present even more scalable growth opportunities into the future. The company has several brand names under the Ionic Brands headline including WW Agriculture, Vuber, Zoots, and more. These brands all combined help to illustrate the large coverage they have of the vaporizer and edible market.
The company has also been working heavily to move deeper into the Californian and Oregonian marketplace which are two of the largest marijuana markets in the world. All in all, Ionic Brands Corp. seems to be positioned greatly to take advantage of the vast future growth that is projected to hit the market in the coming months to years.
MedMen Enterprises (NASDAQOTH:MMNFF) is another large producer and retailer of cannabis products in the Californian market. The company owns a large chain of high-quality retail locations that cater to the premium end of the market. In the past year alone, we have seen their market cap shoot up by as much as 197% which is quite substantial.
During that time frame, however, the stock price has dropped by around 10%. This is mostly due to the amount of capital needed for expansion in the company given the majority of their business is in storefronts. The hopes are that we can begin to see their profits reflected in the stock price as we move into the future 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).
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