IONIC
Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3), a West Coast cannabis holding
company specializing in the recreational adult-product market, recently
reported second-quarter 2019 financial results, including a revenue milestone
of $5.9 million (http://ibn.fm/tVjKi).
An article discussing the company reads, “‘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. . . . 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://ibn.fm/3YRkP).”
To view the full article, visit http://ibn.fm/1KOw1
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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