On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Completes Strategic Acquisitions, Reports Record Revenues

  • The company’s second quarter 2019 financial results included a $5.9 million revenue milestone
  • IONIC Brands has tapped into Nevada’s cannabis market with its acquisition of Vegas Valley Growers North, adding production facilities, four state licenses and a popular vape brand to its portfolio
  • Retail consumer appeal is propelling concentrates toward a forecast $8 billion in retail sales by 2022, outpacing growth in traditional flower sales

National cannabis holding company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3), formerly Zara Resources Inc., capped off the first half of 2019 with record financial results, achieving a milestone of $5.9 million in revenue, as the company reported in its last release (http://cnw.fm/8Ueu8). IONIC also completed a concurrent brokered and non-brokered debenture unit offering, raising gross proceeds of approximately C$20 million, per a news release.

“We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of three months,” John Gorst, chairman and CEO of IONIC Brands, stated in a news release.

IONIC’s product line includes six cannabis oil formulas labeled IONIC Black, Black 50/50, IONIC White, White 50/50, Cask Oil and IONIC Pure, each of which now provides three distinctive mood offerings formulated for curated and consistent recreational use experiences, including SOCIAL (Hybrid), RELAX (Indica) and FOCUS (Sativa). The mood enhancements serve the purposes that their names suggest, promoting rich sociability, serene relaxation and enlightened creativity (http://cnw.fm/gVv5O).

Several transformational acquisitions were recently completed, adding to IONIC’s multistate portfolio of award-winning cannabis brands, Gorst added. The purchase of Vegas Valley Growers North (“VVG”), a Las Vegas-based, state-licensed cultivation and manufacturing firm for medical and recreational cannabis, brings to IONIC a vertically-integrated, cash-flow positive opportunity for additional projected 2019 revenue of $6.6 million, as well as expected gross profits of $3.1 million and EBITDA of $2 million, the company stated in a news release (http://cnw.fm/sU4K7).

The acquisition of Washington-based Natural Extractions Inc. (d/b/a Zoots Premium Cannabis Infused Edibles) expands IONIC’s market segments to the popular edibles space and expands the company’s distribution network throughout the U.S. (http://cnw.fm/nDtQ6). IONIC is also entering the infused beverage market by securing U.S. patents issued to Canna Café that are related to cannabinoid-infused coffee and CBD-infused coffee in a Keurig(R) K-Cup(R) Pod, opening up an estimated $4.5 billion market opportunity.

“Securing these patents is a great foundation for IONIC Brands to enter into the cannabis-infused beverage industry and is complementary to our current premium luxury cannabinoid products,” Gorst stated in a news release (http://cnw.fm/sj8E3). “We also see substantial development potential of new revenue streams through licensing infused coffee and tea brand partnerships.”

With a focus on quality, responsibility and respectability, IONIC’s product lines are pioneering the changing landscape of cannabis consumption. In 2018, IONIC was voted one of the ‘Top 50 Companies to Work for in Cannabis’ by MG Magazine, a publication serving cannabis industry professionals.

For more information, visit the company’s website at www.IONIC.social

NOTE TO INVESTORS: The latest news and updates relating to IONKF are available in the company’s newsroom at http://cnw.fm/IONKF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.cannabisnewswire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Archives

Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722