In only a year or so, cannabis stocks have gone from underground to a market with seemingly endless potential. As we move forward in the marijuana industry, some companies with a large amount of promise, aren’t always the largest. These two marijuana stocks should help to illustrate the large potential that lies within some alternative pot stocks.
A Multi-State Cannabis Company
Ionic Brands Corp. (IONC) (IONC.CN) is considered to be a consumer-focused cannabis concentrate brand. The company is considered to be one of the top players in the cannabis market. With an established brand, the company is currently considered #1 in terms of vaporizer products. This is quite a large feat considering the rampant competition in the market overall.
Ionic Brands Corp. has stated that they have heavy plans to continue expansion into the Western states of the U.S. This includes Nevada, Oregon, and California, which are three of the largest individual markets in the U.S. cannabis space.
Moving Forward for Ionic Brands Corp.
The company recently stated that they have signed into an agreement with Lifespot Health Limited. This deal will help to begin the development and distribution of the latter’s software and vaporizer tech. For those who don’t know, Lifespot is a producer and manufacturer of vaporizers with built-in Bluetooth technology. This technology helps to collect and manage consumer data. Additionally, it can also add to a record-keeping system for the benefit of the consumer.
Lifespot, which is based out of Victoria, Australia is a company that has been stated to work in the digital health sector through the development and commercialization of various medical diagnostic technologies.
CEO of Ionic Brands, John Gorst, stated 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.”
All in all, this partnership should help build a brighter marijuana stock fueled future for all.
An Ancillary Marijuana Stock to Consider
Scott’s Miracle-Gro (NYSE:SMG) is a company that is not considered to be a traditional marijuana stock in any sense of the word. Through their subsidiary Hawthorne Gardening, the company has been able to work on supplying those who wish to grow cannabis with the right tools. This has proven to be more than lucrative as the subsidiary is showing higher profits than any of the competition. Hawthorne Gardening now accounts for around 13% of the annual revenue, which is quite substantial.
For those investors that wish to have a less risky play in the marijuana stock market, Scott’s Miracle-Gro looks like a solid place to start researching.
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).