The marijuana stock market has been moving forward with a massive amount of propensity toward future goals for quite some time now. Over the course of the past year or so, we have seen some drastic changes in the market that have led it to become one of the most prominent spaces of the modern day. Despite some setbacks in the form of bearish sentiment that can occasionally hit the industry, it looks as though marijuana is here to stay. With so much potential headed for the future prospects of cannabis, now is more of the time than ever to take a first or second look at marijuana stocks.
Ionic Brands Corp. (IONC) (IONC.CN) is considered to be one of the leaders in the cannabis holding business. The company is based out of Washington state, which itself has quite a large recreational marijuana market. With plans to move into other western states such as California and Oregon, Ionic Brands seems to be positioned quite well to take advantage of the future of the cannabis market.
For some background, Ionic Brands is considered to be the number one vaporizer brand in all of Washington state. One of the main reasons behind this is there focus on the high end luxury side of the marijuana market. The company has stated that they have plans to become the leader of high value cannabis products in the market domestically and around the U.S. overall.
Recently, Ionic Brands stated that they are working to move deeper into the vaporizer world by producing high end specified cannabis vape pens. These pens will be able to target specific ailments that the user would like to treat, which is still quite an emerging side of the cannabis market. The products will be known as mood specific and will come in social, relax, and focus. By making such a targeted product line, Ionic Brands seems to be setting themselves up for success into the near future.
John Gorst, CEO of the company stated that “we now offer the finest Ionic Black, Black 50/50, Ionic White, White 50/50, Cask Oil and Ionic Pure cannabis oil formulas. Each available with any of the three mood enhancements.” All in all, Ionic Brands remains a cornerstone of the marijuana industry to date.
KushCo Holdings (NASDAQOTH:KSHB) is another big player in the marijuana market. Back in April, the company reported that they have seen a record high second-quarter revenue which is quite positive considering other areas of the market. The company has also been working out of the Californian marijuana market which is widely regarded as the largest cannabis space in the world.
Because of this, it looks as though KushCo Holdings could continue to stay at the top of the marijuana market for the coming future. Additionally, KushCo has shown that they have quite a solid grasp on the hemp-derived CBD market in the nation, which has shown itself to have a large amount of potential as well.
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).