- IONIC Brands is a manufacturer of premium cannabis products with a diverse portfolio
- The company recently acquired Zoots Premium Cannabis and its variety of drops, gummies, energy shots, and hard candies, sold in Illinois, Washington, Colorado, and Massachusetts
- IONIC is also preparing to build on its patents for brewing cannabis-infused coffee, tea, and cocoa
- The edibles market was valued at approximately $2.4 billion in 2018 with expected revenues of about $11.6 billion by 2025
Recreational adult-use cannabis continues to make headlines amid growing legalization throughout North America, providing opportunities for national cannabis holdings company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) and its portfolio of premium luxury products.
In the United States, Pennsylvania is contemplating legislation that could make it the eleventh state in the nation to legalize recreational-use marijuana in the birthplace of America’s revolution (http://cnw.fm/tbZ8A). Canada’s long-anticipated legalization of food-and-beverage cannabis products occurred October 17, opening the door for the first legal edibles and infused drinks to reach the market in December (http://cnw.fm/7d9Rg). In Mexico, the Senate is expected to pass a bill during the coming week that could decriminalize marijuana if it is subsequently approved by the lower House and dodges an opposition referendum (http://cnw.fm/Ct0Cs).
Pro-cannabis fervor has swept much of the world during recent years following decades of prohibition that enhanced a black market eager to supply unabashed marijuana users. The sea change in societal opinion on the leafy plant’s products has fortified commercial enterprises operating above board in compliance with governmental regulations, including IONIC.
IONIC added Natural Extractions Inc., doing business as Zoots Premium Cannabis Infused Edibles, to its family of recreational cannabis products in July, welcoming an array of drops, gummies, energy shots and hard candies manufactured to offer consistent and reliable dosing that are sold at licensed marijuana retailers in Illinois, Washington, Colorado and Massachusetts (http://cnw.fm/DeI1B).
The West Coast-based companies acknowledged a February Zion Market Research report that valued the global cannabis edibles market at approximately $2.4 billion in 2018 with expected revenues of about $11.6 billion by 2025 at a CAGR of around 25.4 percent between 2019 and 2025 (http://cnw.fm/Re2pI).
IONIC also entered the infused beverage market with secured patents in the single-serve coffee and beverage pod market during the spring. The announced patents are among the first cannabis patents in the country’s history, slated for brewing cannabis-infused coffee, tea and cocoa from CannaCafe (http://cnw.fm/qht7O) – a potential multi-billion-dollar market in its own right.
The company’s edibles and beverage offering provide alternatives to consumers put off by recent health concerns surrounding vape pen use for recreational cannabis use. The mysterious vaping-related disease that’s killed at least 26 people from 21 states since April has been branded EVALI, short for e-cigarette or vaping product use-associated lung injury, by the US Centers for Disease Control and Prevention (CDC), the federal health agency that acknowledged it has not been able to determine the precise cause(s) of EVALI and issued a recommendation against using any type of e-cigarette or vaping product until a proper conclusion can be reached (http://cnw.fm/a8M6b).
Because IONIC’s cornerstone products are vapes and related materials, the company issued a statement recently acknowledging a preponderance of evidence that appears to indicate the EVALI illnesses have resulted from illegal, black market vape use (http://cnw.fm/hUPm7). IONIC’s statement notes the company’s commitment to using only the highest quality materials, exclusively sourced from licensed producers of integrity that use state of the art equipment and ensure strict operating practices.
The company also notes it has never and will never use any additives that contain Vitamin E acetate or additives that are based on petrochemicals, two substances suspected of contributing to the EVALI outbreak.
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
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