Marijuana Stocks Continue to Show Why They’re So Popular
Written by: J. Phillips – Marijuana Stocks
The marijuana stock market has been fueled by a large amount of upward momentum over the course of the past year or so. In that time, we have seen the market shift completely to allow for one of the friendliest investor spaces to be seen. With so much changing in terms of the public opinion of the substance as well as the legislation that surrounds it, it seems as though now is a better time than ever to take a second look at the world of cannabis.
Ionic Brands Corp. (IONC) (IONC.CN) is one of the leading brands currently based out of the Washington cannabis market. The company has been working to move into other statewide cannabis spaces as well including Oregon and California, both of which have massive potential for the future. For some background, the companies main brand, IONIC is currently considered to be the #1 vaporizer brand in Washington which stands as one of the largest markets in the nation for recreational cannabis. The main strategy of Ionic Brands Corp. has been to expand throughout the country and become one of the main luxury brands within the high-value side of the marijuana space.
Recently, the company announced that they will be distributing new formula-specific vaporizers using various compounds from the cannabis plant. The new product, which will target specific moods that an individual would like to see an effect on, will also be targeting a very specific side of the market.
The techniques that they have been using have also become a very large part of the business overall, and continue to show just how committed they are to innovation in the near future. With some of the highest quality cannabis available, the company is offering products that can do everything from help an individual relax, focus and a myriad of other attributes. Coincidentally, the products are also named after the goal that they wish to achieve.
With 18 options going on to the market in the not too distant future, it looks like they should be able to make a dent in that side of the space. All in all, Ionic Brands Corp. remains one of the most promising companies to watch throughout the coming months to years.
Aurora Cannabis (NYSE:ACB) is one of the largest marijuana growers in the whole of the industry. The company has stated that they are well on their way to becoming one of the top distributors if not, the top, within Canada. After they purchased MedReleaf last year for around $2 billion, and CanniMed Therapeutics for just shy of $900 million, the company has shown that they are very committed to becoming the key company within the whole of the industry.
The company has also purchased ICC Labs for $200 million as well as Whistler Medical Marijuana for $130 million. With all these purchases, it will be interesting to see whether they can move toward achieving their goals in the not too distant future.