- IONIC Brands Corp. is a west coast company which was established in 2015 as a supplier of recreational cannabis products such as cannabis oils and vaporizer products, including vape pens
- IONIC Brands Corp. achieved a year-over-year increase in revenue of over 377 percent, and it plans to expand into more states across the nation
- IONIC expects that, by early 2020, its products will be distributed through 318 stores in California and 225 stores in Oregon
IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) is a cannabis holding company supplying recreational cannabis products, with headquarters in Tacoma, Washington. The company’s cannabis products are currently sold in 685 stores across the U.S., and it is planning further expansion around the country. In addition to other states, IONIC plans to expand to at least 318 stores in California and 225 stores in Oregon by January 2020.
This company offers luxury brands in the premium space and is involved in the recreational cannabis market. IONIC Brands was founded in 2015 by a group of entrepreneurs who were interested in the cannabis market. The company now focuses on making small batch cannabis oils and various cannabis concentrates that are pure and therefore do not contain any additives, additional glycols or glycerin chemicals. The vision behind IONIC Brands was to create products for the upscale recreational cannabis market. The cannabis market is predicted to expand in the future, particularly as legislation continues to evolve.
IONIC Brands Corp. has shown profits and increasing revenue over the last three years, and it aims to continue riding the strong performance of the cannabis space moving forward. Demand for concentrates is projected to increase in the future, and IONIC Brands believes that this provides an opportunity for growth.
The flagship product for IONIC is its vape pen line, which has done well in the marketplace, particularly in Washington State. This vaporizer product is currently ranked in the top 10 of such products in Washington State, which suggests that expansion into other states and distribution centers will likely be successful. Overall, vape sales grew by 93 percent in 2017 alone, and spending on edible cannabis products is projected to double from 2019 to 2022, reaching $4.1 billion.
IONIC Brands also has a certified clean program – which ensures that its products are clean in the sense that they pass states’ mandates for pesticide levels and safety. The company remains committed to ensuring safety and purity standards when producing its offerings.
The items and brands produced by IONIC include more than just the IONIC vaporizer pens; they also include Vuber technologies, Zoots edibles and Vegas M Stick vaporizer pens. The increasing popularity of these products is expected to lead to market growth for IONIC, which seeks to become a marketplace leader in the premium recreational cannabis industry.
IONIC Brands expects to add to its profits in the coming months, with revenue predicted to hit $46 million in 2019. Second quarter earnings for IONIC Brands showed an increase of over 377 percent year-over-year (http://cnw.fm/k1Dwp). The company leverages an aggressive growth strategy, is vertically integrated and has diversified its product range.
IONIC Brands has plans to be a national leader in the recreational cannabis space for both vaporizer products and edibles, and it also has ambitious expansion plans for the coming years and is interested in looking into markets outside of its current distribution network.
The company also made strides by recently acquiring patents for cannabinoid-infused coffee. With the popularity of coffee and cannabis, this is expected to be a good combination and investment for IONIC Brands in the coming years.
IONIC Brands’ portfolio includes ZOOTS, an edibles company that is also based in Washington, as well as Vegas Valley Growers based in Nevada and Vegas M stick pens. Through the Vegas M stick pens brand, IONIC plans to expand further into Nevada and Oregon; the products are currently distributed in Washington.
The market growth of the company and rising profits suggests that IONIC Brands will be able to successfully expand nationwide and further distribute its products throughout the nation. IONIC vape pen sales rose from just over $2 million in 2016 to $9.9 million in 2018, and, with the increasing popularity of vape pens, the trend seems likely to continue.
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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