The marijuana stock market has a lot of potential lying in the works. Within this however, lies a large amount of legal and logistical challenges. As we’ve seen, the cannabis industry can be difficult to determine in terms of what is going to happen next, but there are some key factors that can make it easier to figure out. With so much potential for the future of the industry, it seems as though now is a better time than ever to take a first or second look at the world of marijuana stocks.
Ionic Brands Corp. (IONC) (IONC.CN) is one of the key cannabis holdings companies working out of the U.S. marijuana space. The company currently is based out of Washington and is led by a team of seasoned professionals in the cannabis industry. They have stated that one of their main focuses is to build a multi-state cannabis concentrate brand portfolio that is aimed at selling to the higher ends of the industry.
With this, they have been able to find a niche side of the market that is relatively untapped at this point. The company has also stated that they have a large amount of interest in moving to other states on the Western side of the nation such as Oregon, Nevada and California. With this large growth strategy, Ionic Brands could become one of the preeminent cannabis concentrate companies throughout the industry.
The company recently announced that they will be launching a new brand known as Lucid Green. This technology platform will help to usher in a new era of safety and transparency for cannabis products. The platform is specially made to enhance trust between suppliers and consumers in the industry and will be a part of the Ionic Certified Clean Program.
According to the report “Lucid Green is a powerful platform designed to provide vital safety information about cannabis products. By simply scanning the package’s QR code with a smartphone camera, Lucid Green provides access to a library of product-specific insights instantaneously – including test results, dosage guidance, effects and more, while also earning Ionic loyalty rewards.” This program is yet another way in which Ionic Brands is working to meet the needs of the future of the industry.
Cureleaf Holdings (NASDAQOTH:CURLF) is a cannabis company working out of the U.S. to become one of the key players in the industry. The company currently has as many as 44 dispensaries across states that all require the product to be grown, processed and packaged by the same business. With so much in the works, the company still reported losses of around $50 million for last year.
Much of this is due to the massive amount of capital needed to grow a cannabis business at the beginning of its timeline. The company has also agreed to acquire the Select brand from Cura Partners for just south of $1 billion. Curaleaf Holdings remains an interesting company to keep an eye on.
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).