The marijuana stock market has become heavily guided by the deals that companies are making in the present day. With only a few years behind it, pot stocks have quickly become the talk of the town. This, however, does not come without challenges. With legislation falling far behind the necessity, it seems as though the future is dependent on proper laws being made. Many marijuana stocks have been able to catch investors eyes. With this in mind, there are only a few companies that are really making big waves in the industry. These companies may not be the largest in terms of market cap, but they definitely have a lot to offer cannabis stock investors.
A Leading Cannabis Product Brand for Consideration
Ionic Brands Corp. (IONC) (IONC.CN) is one of the leading producers of cannabis products in the marijuana stock market. The company has stated that their main focus is on the production of products for sale in the premium and luxury segments. Based out of Washington, they have been working to aggressively expand into other Western states such as Nevada, Oregon, and California. As one of the leaders in the high-value area of the market, it looks as though Ionic Brands is well ahead of the competition.
What’s Next for Ionic Brands?
The company recently announced that they have signed into an agreement with the company Lifespot Health, LTD. This agreement will see the former having access to the development of various software and vaporizer technologies. The company is in production of bluetooth-enabled vaporizer products.cJohn Gorst, CEO of Ionic Brands stated in regard to this that “Smartphone Bluetooth technology is the future of cannabis delivery and dosing. The Company is ecstatic to offer consumers advanced delivery technology that, before this agreement, was only available to medical patients. Ionic’s launch and distribution of the Slim-line Vape is expected to start in Q3 2019 in Washington, Oregon, Nevada, and California.”
The joint venture will see the two companies working on the development and enhancement of various cannabis vaporizer tech that can be utilized for the recreational cannabis market. Additionally, the investment will help to grow the research and development side of the business. All in all, Ionic Brands continues to illustrate to investors why they are one of the more intriguing marijuana stocks.
A Lesser Known Marijuana Grower
Zenabis Global (NASDAQOTH:ZBISF) is a company that has remained under the radar for quite some time. Despite being a Canadian cannabis grower with a lot of potential, the company has not managed to make many headlines. With their harvest totaling below 1,000 kilograms, they definitely have a lot to do to catch up to the bigger guys.
They have also stated that they have the potential to increase that number by double-digit percentages. With their global forecast subject to shoot up in the coming years, Zenabis Global should continue to be watched. The hopes are that they can continue to increase production into the near future.
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).