The rally in
Better still, ICNAF is doing the right things at the right time, completing acquisitions, and engaging in accretive deals that create shareholder value. In response, investors are bidding its stock higher.
Still, while things are great now, don't expect ICNAF management to slow down its strategy. Its current
The better news is that from an investment perspective, ICNAF's ability to get things done is translating into share price increases. That, in turn, opens the door to even more strategic and accretive opportunities. Combined, ICNAF may offer a perfect storm of investment opportunity.
Seizing Market Opportunities In Vast CBD Sector
Indeed, investing in an excellent company in the right sector at the right time can be rewarding. More so if that investment is in a company that genuinely understands the entirety of the industry it serves. One and done companies can be risky. Thus, finding those that are diversified with a roadmap driving growth are the better choices. ICNAF is by far the latter.
Better still, they appear to have market instinct, knowing what to invest in and precisely what niche sectors they want to develop. That intuitive nature is paying off for ICNAF and its investors. Moreover, despite its growth happening at a fast pace, it's measured. They also take "smart" advantage of its opportunities by adding value from a foundation that can target new revenue-generating verticals in a seamless and accretive manner. Best of all, having a base to work from and a team to deliver its intent are two ingredients that will drive further success.
It also doesn't hurt when ICNAF targets a massive market. Countries worldwide are legalizing some form of CBD use. In
Better yet, while the markets they serve are big now, analysts expect the market to grow by double-digit percentages over the next five years, keeping
Building Its Presence In A Booming CBD Sector
The best part is that Icanic is already entering its first stage of hyper-growth, having the resources to fully capitalize on and monetize multiple strategic initiatives. The more excellent news is that they are adding more to its mix, further embedding its brand into crucial markets. Hence, while its
Also, good to know is that Icanic is more than smart; they're ambitious. And the combination of the two is what will help them achieve market leader status. Already, ICNAF is a multi-state CBD branded products manufacturer and distributor with operations in
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.
By the way, its financial performance is impressive, too.
Impressive Q3 Adds Momentum To Surging Growth
In fact, in its most recent quarterly report, Icanic posted a gross profit of
And that's to be expected, with Icanics' commitment to continue producing best-in-class products. In addition to its Ganja Gold pre-rolls driving higher revenues, Icanic is leveraging the value from its advanced manufacturing technologies, an aggressive downstream sales strategy, and well-established associations with some of the state's suppliers of raw materials. Thus, growth remains in style. Better still, the sum of its parts is accelerating its mission.
Keep in mind, Icanic isn't taking on the sector by itself. Its strategic partnerships and acquisitions have greatly helped position the company for expedited growth in 2022.
Acquisition of Substance LLC Adds Product And Culture
The most compelling part of the
Last month, Icanic signed a binding Letter of Intent (LOI) to acquire
Notably, its acquisition of
Its acquisition of De Krown, a
Icanic also 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
Best of all, its deals and partnerships are accretive in nature. That means Icanic and its investors should see value sooner than later. Moreover, Icanic's acquisitions and partnerships are deliberate, well-thought-out, made with a purpose, and based on bringing only the best to the company. At the same time, they remain steadfastly involved in the communities they serve and are active for social justice. Simply put, it's a brand in development. Combining its assets, people included, Icanic is creating a company with nearly unlimited potential.
Hence, it's understandable why its shares are trading at six-month highs. They have the right products, the right people, and the right culture...all at the same time.
A Booming Industry With Billion-Dollar Opportunities
Here's the best part of the value proposition. Although the industry has been considered mainstream for almost a decade, it's still in its relative infancy. That means there's plenty of more opportunities to be exposed. In fact, with 14 more states either considering legalizing controlled use of CBD or full legalization,
Better yet, Icanic is proving that it has what it takes to flourish in an ultra-competitive market. Whether it's growing through accretive acquisitions and partnerships or benefiting from a combination of products and culture,
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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