Ancillary cannabis companies provide goods and services to cannabis operators, and many savvy cannabis investors have recently embraced publicly traded ancillary companies. iPower is one such company.
iPower Inc. (NASDAQ:IPW)
The iPower 19 inch leaf bowl trimmer uses a clear plastic top for better visibility, a removable handle for convenient storage, and a removable grille for easy service. It’s an innovative piece of technology rapidly gaining popularity.
iPower Inc. (IPW) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. In case you’re wondering, Zacks Investment Research is an American company dedicated to the production of independent research and investment- related content. It was founded in 1978 by Len Zacks, based on his insights while pursuing his Ph.D. at MIT. This compares to a loss of $0.01 per share a year ago. This quarterly report represents an earnings surprise of 33.33%. Ancillary companies present advantages when it comes to being publicly traded and less risk compared to products that are weather dependent or restricted to countries outside the US. Think it over while you enjoy this delicious Golden Ganja Power Soup.
Golden Ganja Power Soup
1 tablespoon extra virgin olive oil Jackalope Pharms Avocado Oil Tincture 1/2 white onion, chopped
2 cloves garlic, chopped
1 small head cauliflower, chopped into bite- sized florets
Pinch of cayenne pepper
1 tablespoon ground turmeric
4 cups unsweetened coconut milk
1 teaspoon sea salt, or more to taste
1 tablespoon lemon juice
Freshly ground black pepper
1/2 cup fresh basil leaves, finely chopped Roasted cauliflower for garnishing
Coconut milk for garnishing
Heat olive oil in a large soup pot over medium heat. When oil is shimmering, add onion, garlic, cauliflower, cayenne, if using, and turmeric. Cook for 10 minutes. Add half of the coconut milk and 1 tsp of salt, bring to a simmer, add 1 half tablespoon of cannabis tincture and continue until the cauliflower softens, usually takes about 10 minutes. Transfer the soup to a blender and blend to a creamy consistency. Return to the soup pot over medium heat and gradually add more coconut milk until you reach your desired consistency. Simmer for 3 to 5 more minutes. Add lemon juice and additional salt and black pepper to taste and serve garnished with the basil, and a swirl of coconut milk. Enjoy the soup and good luck investing!
Patrick Ian Moore