CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) Inks LOI to Acquire Astleys of London HK Limited
National cannabis holding company IONIC Brands (CSE: IONC) (OTC: ZRRRF), formerly Zara Resources Inc., on Wednesday announced that it has entered into a Letter of Intent (“LOI”) to acquire British heritage brand Astleys of London HK Limited. Founded in 1862, Astleys was a luxury tobacco pipe purveyor in London that has recently been relaunched as a contemporary cannabis vape brand. Through a strategic collaboration, IONIC’s high-quality cannabis oil will be used in Astleys’ three vaporizer devices. IONIC will purchase Astleys’ portfolio of international intellectual properties and retain the brand’s principal management team as part of the acquisition. Subject to definitive…