Looking for a hot stock in a booming CBD sector? If so, your search can be over quickly by taking a look at
Still, it's not a surprise to see
And its plan is in motion. Even better, that plan is helping Icanic to stay on track to create a robust portfolio of assets that can target what is expected to be a
The best news is that
Evolution Of CBD, It's Not The 1970's Anymore
First, though, it's essential to understand the evolution of the market. One thing is for sure, the CBD market today is a far cry from the recreational market of the 1960s and 1970s. What was an illicit drug then has evolved into a multi-billion dollar industry, with CBD used for everything from recreational use to treating physical and mental conditions. Thus, the disapproving looks from the days gone by are over, replaced by specialty stores and prescription-based dispensaries that provide top quality, CBD-based products, and nutraceuticals to a market that continues to get larger every year.
To put things simply, CBD is in. And people worldwide are turning to its numerous medical and therapeutic benefits over competing, often harmful, and addictive prescription drugs. The better news for Icanic investors is that they aren't wasting any time taking advantage of the massive market opportunities in play.
Moreover, they are taking "smart" advantage of its opportunities by building a foundation to grow efficiently and target additional verticals in a seamless and accretive manner. Too many times, emerging companies try to do much, too fast. Icanic is different. Their plan is measured, consistent, and specific to target specific niches in a multifaceted market. Hence, controlled growth could be its ticket to success.
They are getting help as well, with countries worldwide legalizing some form of CBD use. In
In fact, with a consumer market that is growing by near double-digit percentages each year, Icanic is well-positioned to create a revenue-generating juggernaut and become a significant player in the states they serve. And if they continue to capitalize on the right opportunities at the right time, a position on the global stage isn't out of the question, either. In short, things are looking really good for Icanic.
And the best part is that Icanic is ready and set to fully capitalize on and monetize the many opportunities it has put into its sights. And by developing its new assets and integrating them into its brand to generate additional revenue sources, Icanic will likely be quick to outgrow its
Of course, that comes by making the right strategic moves. And, as noted, acquisitions and some non-core asset sales allow Icanic to accelerate its growth far quicker than many expected. The better news is, in some ways, they are just getting started.
Icanic Brands Wants To Be The Leader
An old ad campaign in
And as a multistate CBD branded products manufacturer and distributor in
And to those that follow the sector, they are likely impressed by that stat. Even better, Icanic's success is purely intentional, reached by following an innovative development plan and an integrity-based organizational structure that makes its presence known and respected in the markets they serve.
Better still, having its presence embedded in these two states alone position Icanic to expand and extend its market reach to earn a substantial portion of the billions of dollars in potential revenues at stake. But, don't think it's a level playing field. Like all industries, some companies are simply better than others. As a result, they lead the pack.
And by leveraging its business model dedicated to innovative development and its commitment to providing safe CBD products for all, the likely result for Icanic will be that they lead their part of the sector. After all, its company culture goes well beyond just products and numbers. Icanic is showing itself to be involved in the communities it serves and participates in actions that bring attention to global inequities. Thus, Icanic is building a company based on culture. And for those in the business sector, it's a winning formula nearly 100% of the time.
On the business side, numbers don't lie. And Icanic's are excellent.
Q3 Results Show Surging Growth
In its most recent quarterly report, Icanic recorded a gross profit of
And how could it not, with Icanics' commitment to continue producing the creme de la creme of products. Its Ganja Gold pre-rolls alone are enough to take a sizable share of a niche in the sector. In addition, there is value in Icanic's determination to use advanced manufacturing technologies, an aggressive downstream sales strategy, and well-established associations with some of the state's suppliers of raw materials to make its brand more substantial each quarter. Combining the sum of its parts, it comes as no surprise that
Nonetheless, Icanic's greatness isn't singularly based on its use of innovative products and its ability to produce award-winning products. Its strategic partnerships and acquisitions have greatly helped position the company for an expected growth spurt in 2022.
A Transformative Planned Acquisition of
As mentioned, Icanic is building its company around a culture. In that respect, they can only be as good as the team that represents them. The most excellent news- Icanic has superstars.
And they are enhancing that image when they complete their acquisition of
Now, that mission is inherent to Icanic, and there has been nothing but assurances that Icanic will amplify the Substance mission and bring attention to criminal penalties used to target people of color found in possession of CBD products. Committing to embrace this social call may not appear to drop to the bottom line, but it does. Icanic is developing a company to be the best from the top down.
Still, don't think that Icanic is forgetting about its role to create and build shareholder value. If that's the thought brought to mind by analyzing its strategy, the points being missed. Investors in Icanic win when the company expands its brand in multiple directions, allowing it to become a business invested in making money while also staying invested in people. So, for investors that like to invest in profitable, socially conscious companies that are in hyper-growth mode, Icanic is an excellent candidate. Better still, they keep making that proposition better.
A Wealth of Acquisitions and Partnerships
An important thing to note is that
For instance, its acquisition of De Krown, a
Indeed, building a brand in the industry can't be complete without paying attention to the massive revenue-generating potential from the edibles market. That segment is a billion-dollar niche on its own, and Icanic indeed wants its share.
To get it, they partnered with Heavenly Sweets, a company with 30 different CBD edible products under its belt. The partnership adds value in at least two ways. It expedites Heavenly Sweets' growth in
All the deals are not only excellent value drivers, but they are also accretive in nature. Moreover, Icanic's acquisitions and partnerships are well-thought-out, made with a purpose, and based on the premise of bringing only the best to the company, its community, and its shareholders. Simply put, they are creating a brand, company, and team with a united vision to create value from a portfolio of brands that have near unlimited potential.
And, obviously, Icanic's hard work is not going unnoticed. Investors are bidding shares higher, confident that the actions taken will be productive and ultimately drive bottom-line growth.
Taking Advantage In Early Stages Of A Booming Industry
Here's the best part of the equation for those considering exposure to the sector through
But it's more than luck, too. A tremendous amount of know-how goes along with taking a company from start-up to competitor. And it's having the team, culture, assets, and motivation to be a leader that puts
Better yet, Icanic has proven itself as a company that has what it takes to flourish in an ultra-competitive market, growing through accretive acquisitions and partnerships that add quality assets and quality culture. Thus, investors in Icanic, especially those that stay connected to its story, can likely benefit from a socially conscious and financial perspective. Still, at the end of the day, Icanic's experience, innovative technologies, aggressive sales plan, marketing approach, and strategic partnerships and acquisitions are what will drive revenues toward the bottom line.
And if that's what it takes to achieve profitability, know this.
Disclaimers:
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
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