Icon Exploration Inc. (TSX.V: IEX.H) Places Exacta in Largest Legal Marijuana Marketplace

January 24, 2019 11:09:17
  • Icon plans to operate in both medical and recreational cannabis markets
  • Preparation of 40,000-square-foot resource in Brantford, Ontario, underway
  • Recreational marijuana market forecast to record CAGR of 77.9 percent from 2018 to reach $3 billion in 2021

What may be a tough call in horseracing is much easier in Canada’s cannabis market. The odds of choosing both the winner and the second-place finisher in any race – an exacta – are never good, but, for Icon Exploration Inc. (TSX.V: IEX.H), the probability of picking winners in Canada’s cannabis market is decidedly better. In what is a win-win situation for Icon, the company has placed bets on both recreational and medical cannabis. This legal market is growing at double-digit rates, and, capitalizing on that growth, Icon is aiming to create a well-diversified company that produces long-term returns for shareholders. To do so, it intends to be a leading purveyor of medicinal and recreational cannabis, while, at the same time, providing the most comprehensive and customer-centric user experience for both patients and consumers.

It has already embarked on that enlightened mission. Icon’s strategy has begun with a foray into medical cannabis, and it plans to capture and market that theme of wellness and good health garnered from marketing medicinal marijuana as it sets about…

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