IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on
Wednesday announced that it has achieved eligibility by The Depository Trust
Company (“DTC”) for its shares on the OTC Market in the United States. DTC, a
subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), manages
the electronic clearing and settlement of publicly traded companies. This
method accelerates the receipt of stock and cash, fast-tracks the settlement
process for investors and brokers and cuts transactional costs for
participating brokerage firms. DTC eligibility enables stock to be traded over
a significantly broader selection of brokerage firms, as several firms require
DTC eligibility as a compliance measure. “We are pleased to have secured DTC
eligibility that allows trading of our shares in our home market, where IONIC BRANDS
recognition is strong and most of our earliest investors reside. The ability
for investors to electronically transfer between brokerages in the U.S. is
significantly more convenient and provides to existing investors the benefit
from greater liquidity and execution speeds, while attracting new investors to
gain access that may have been previously restricted from investing in IONIC
BRANDS,” IONIC Brands CEO & director John Gorst stated in the news release.
To view the full press release, visit http://ibn.fm/FrilW
About IONIC Brands Corp.
IONIC Brands is focused on building a multistate,
consumer-focused cannabis-concentrate brand portfolio focusing on the premium
and luxury segments. The cornerstone brand of the portfolio, IONIC, is one of
the top vaporizer brands in Washington State and has aggressively expanded
throughout the West Coast of the United States. The brand is currently
operating in Washington, Nevada, Oregon and California. IONIC Brands strategy
is to be the leader of the highest-value segments of the cannabis market and
expand nationally. 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://ibn.fm/IONKF
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