The marijuana stock market has been flying high for quite some time now. In the past few years, we have seen some incremental shifts in the industry that have built the foundation for where it stands today. With so many moving parts, it can be difficult at times to figure out what the best options are for investing in the market, but despite this, there are a few businesses that come to mind. These companies may not be the largest growers in the industry, but the innovation that they put forward is quite high and unparalleled.
Ionic Brands Corp. (IONC) (IONC.CN) is one of the leading cannabis holdings company’s currently based out of the Washington market. The company is headed by a team with decades of experience in the industry across the board. One of the main goals of the business has been to move into the high-end luxury side of the market, by producing vaporizers tailored to the premium sector.
Currently, their brand Ionic, is considered to be the number one vaporizer brand throughout the state of Washington which is quite a feat to accomplish. Another one of their goals has been the expansion into the Western markets like Oregon and California, which alone, are two of the largest marijuana markets in the world. With such a strong goal to be at the top of the national vaporizer segment, Ionic Brands Corp. looks like they are continuing to take charge.
Recently the company announced that they will be introducing a new product line with vaporizer cartridges aimed at specific mood enhancements. The health side of the industry has shown itself to be quite fond of these products with Ionic specifically targeting the “mood” part of the market throughout their line. The products which as known as SOCIAL, RELAX, and FOCUS, will help to aim the company in the right direction as they move to bring their brand name to a larger scale.
John Gorst, CEO of Ionic Brands stated that “We believe adding mood enhancements to our products is one of the reasons we are a Top 10 Brand and have maintained such brand recognition since our inception. Our trusted luxury products use only the highest quality materials available which we carefully source to consistently deliver remarkable product experiences.”
OrganiGram Holdings (NASDAQOTH:OGRMF) is considered to be one of the leading growers of cannabis in the whole of the market. The company recently showed a net revenue in a three-month cycle ending on February that totaled as much as $26 million. This number represents an almost 700% year-over-year gain which is quite substantial.
Of those sales, $24 million were from the recreational market with the other portion encompassing the medicinal side of the space. With so much to look forward to in terms of market growth, OrganiGram Holdings represents a potential investment at the top of the market that could come with both the risks and the reward that we have seen from the upper tiers of the space.
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).