There is no doubt that there has been a massive rise in the proliferation of ancillary companies in the marijuana stock space. With the rise in stock prices throughout the market and the changing state of legislation, the need for these businesses has become more and more necessary. With this has come a whole new slew of industries such as that of packaging, production, real estate management and more. Many of these stocks have a high correlation with the growth of the cannabis market which can be good but can also remind investors of the volatility within the space.
Integrated Cannabis Company ICNAF/(CSE:ICAN) has been one of the primary players in the space for several years now. The company recently stated that they have signed into a letter of intent with Critical Mass Industries, LLC. The deal, worth a large amount for the company, has helped to secure “extensive knowledge and resources relating to the high growth Cannabidiol (CBD) sector. Deploying this expertise to furthering the commercialization of the X-SPRAYS brand of CBD sprays demonstrates one of the many naturally synergistic opportunities the company will realize. Finally, and importantly, the team envisions widely commercializing the uniquely valuable Good Meds name, legacy, and reputation via consistently branded retail stores throughout the globe.” The two seem to have a very solid partnership in the works, and partnerships have continued to present large amounts of benefit for growth in the marijuana stock market. These strategic partnerships have helped to leave room for new innovation and high promise for the future.
Innovative Industrial Properties (NYSE:IIPR) has been a longstanding component of the ancillary cannabis market. The company has large amounts of correlation with the whole of the cannabis space due to the fact that their business depends on growth in the market. The company states that they are “the leading provider of real estate capital for the medical-use cannabis industry.” IIPR provides all of the resources for cannabis companies to build out their operations into a large scale. They state that they own a variety of specialized industrial and greenhouse buildings that are purposely designed for cannabis growth. With large ties to the future of the industry in the real estate space, IIPR looks to be one of the companies to watch as we move toward the future.
Scotts Miracle-Gro (NYSE:SMG) has worked to become one of the leading providers of essential nutrients and growth chemicals to the cannabis industry. Although they have been around for some time now as an all-around company for those with a green thumb, Scotts has in the past few years, managed to see a large and increasing amount of their business come from the cannabis sector. For this reason, they have worked to complete a series of acquisitions so that they can position their company perfectly to take advantage of the growing market.
The ancillary industry of marijuana stocks has been one of the best ways to invest for those who want a solid amount of exposure to the cannabis space without all of the volatility that can come with a new market. The hopes are high that this side of the industry can continue to grow as the marijuana stock market grows throughout the coming years.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares.
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