Ionic Brands Corp. (IONKF)

[retiredminer3]

IONIC BRANDS Acquires the Dabulous Brand from WW Agriculture - An Economy Brand of Infused Products TACOMA, WA / ACCESSWIRE / June 23, 2020 / IONIC BRANDS CORP. (IONC.CN)(OTC PINK:IONKF)(FRA:1B3) ("IONIC BRANDS" or the "Company") is pleased to announce that it has acquired selected assets of WW Agriculture, more specifically the Dabulous economy brand of infused products.

The Company originally entered into a Letter of Intent ("LOI") to acquire WW Agriculture on June 20, 2018. Under the terms of the LOI, the Company's licensed partner, Ionic Washington, began to provide co-manufacturing services including but not limited to the sales and manufacturing of a newly developed brand called Dabulous extracts. While the Company was unable to complete the acquisition of WW Agriculture due to economic challenges in 2019, we continued to co-manufacture and sell the Dabulous products. Since July 2018, the Company has positioned the Dabulous brand as its economy extract brand allowing the Company to service not only the premium consumer segment of the market but the critical economy segment. The Company now has a broader scope of products to capture a more significant share of retail shelf space in the Washington market. The Company will be launching the Dabulous product line in the Oregon market in August 2020. The Company sold 198,036 units and generated $1,759,208 in sales in 2019 from the Dabulous brand.

Full Consideration paid and terms of the Omnibus agreement and bill of sale were as follows:
The Company assumed a note payable with a term of 34 months in the amount of US$195,000, with a cash payment of US$595,000.00.

Cash payment was paid over the course of the co-manufacturing agreement which began on September 1, 2018.

The sale to be consummated upon the full payment of legal fees in the amount of US$12,500 Additionally, the Company purchased US$200,000 in various oil extraction equipment for total consideration paid for the Dabulous Brand of US$989,500.

Ionic Brands Chairman and CEO John P. Gorst commented that, " while we will always remain true to our core brand strategy of premium cannabis products with the Ionic and Zoots brands, we recognized in early 2019 the value of providing a broader range of products priced for a more cost-conscious consumer was important to grow revenue. We are excited about the potential growth of this particular consumer segment."

[retiredminer3]

When this truly opens up
Watch it rocket
Ducks almost in line now

[retiredminer3]

No wonder the shorts are worried with
This halt and more news coming out
Before she starts trading again
More news improved financials
Coming out
If I was short I would be worried
If she explodes on open
I wouldn’t want to be short

[retiredminer3]

IONIC BRANDS Acquires the Dabulous Brand from WW Agriculture - An Economy Brand of Infused Products TACOMA, WA / ACCESSWIRE / June 23, 2020 / IONIC BRANDS CORP. (IONC.CN)(OTC PINK:IONKF)(FRA:1B3) ("IONIC BRANDS" or the "Company") is pleased to announce that it has acquired selected assets of WW Agriculture, more specifically the Dabulous economy brand of infused products.

The Company originally entered into a Letter of Intent ("LOI") to acquire WW Agriculture on June 20, 2018. Under the terms of the LOI, the Company's licensed partner, Ionic Washington, began to provide co-manufacturing services including but not limited to the sales and manufacturing of a newly developed brand called Dabulous extracts. While the Company was unable to complete the acquisition of WW Agriculture due to economic challenges in 2019, we continued to co-manufacture and sell the Dabulous products. Since July 2018, the Company has positioned the Dabulous brand as its economy extract brand allowing the Company to service not only the premium consumer segment of the market but the critical economy segment. The Company now has a broader scope of products to capture a more significant share of retail shelf space in the Washington market. The Company will be launching the Dabulous product line in the Oregon market in August 2020. The Company sold 198,036 units and generated $1,759,208 in sales in 2019 from the Dabulous brand.

Full Consideration paid and terms of the Omnibus agreement and bill of sale were as follows:
The Company assumed a note payable with a term of 34 months in the amount of US$195,000, with a cash payment of US$595,000.00.

Cash payment was paid over the course of the co-manufacturing agreement which began on September 1, 2018.

The sale to be consummated upon the full payment of legal fees in the amount of US$12,500 Additionally, the Company purchased US$200,000 in various oil extraction equipment for total consideration paid for the Dabulous Brand of US$989,500.

Ionic Brands Chairman and CEO John P. Gorst commented that, " while we will always remain true to our core brand strategy of premium cannabis products with the Ionic and Zoots brands, we recognized in early 2019 the value of providing a broader range of products priced for a more cost-conscious consumer was important to grow revenue. We are excited about the potential growth of this particular consumer segment."

[retiredminer3]

Halted until financials
Ready
Also big news today

[retiredminer3]

Buy it up on the Canadian side cheaper
Plus mm playing to many games
On this side
Wow would it hurt ya

[retiredminer3]

Buy it up on the Canadian side cheaper
Plus mm playing to many games
On this side
Wow would it hurt ya

[retiredminer3]

Looks like shares are getting
Harder and harder to get
Down this low

[retiredminer3]

Nice close today
Pretty soon all the cheap shares
Will be gone
Coffee and Tea patten
For thc and cbd
Once that market gets going watch out

[retiredminer3]

Volume picking up
Should be a 10 bagger
From here

[retiredminer3]

Filing coming late
So far word has it
Sales up 20% or more
Most products sold out
Flying out the doors more ways then one

[retiredminer3]

It’s starting to bubble fins coming out
In less then a month
Excellent entry point

[retiredminer3]

Going to start picking this one up
Fins coming out in July
A steal of a price here

[TraderMikey]

IONIC BRANDS Launches Investor Group Community On 8020 Connect Platform; John Gorst, CEO & Chairman Converts Debt Into Shares @accesswire/ionic-brands-launches-investor-group-community-on-8020 $IONKF $1B3 $IONC

[Dankshydro]

Not sure. I know their product is as abundant as it was before.

[ignatiusrielly35]

What’s up with the minuscule market cap here? Running out of cash? Anybody?

[Dankshydro]

On March 30th I’ll be in Seattle. I’m gonna try me a Zoots Brownie. Looking forward to it!

[Dankshydro]

Crickets

[Dankshydro]

I’ve had cartridges by ionic before and loved them. Hope this stock can get going.

[Marillionaire]

Building Revenues by Identifying the Best Markets
https://www.canadiancannabiswire.com/ionic-brands-corp-cse-ionc-otc-ionkf-fra-ib3-builds-revenues-by-identifying-the-best-markets/

[Marillionaire]

Market cap is 4 million , they did 3.9 million in revenue last quarter , If you take 1 second to do the math this is trading a 25% of of its yearly revenue !!!!!!!!!!!!

[Marillionaire]

There is one positive as the illegal cartridge producers get busted , it pushes customers from the black market to the legal market https://www.leafly.com/news/industry/california-vape-maker-kushy-punch-caught-making-illegal-products

[Marillionaire]

IONIC BRANDS Announces Fiscal 2019 Second Quarter Financial Results
IONIC BRANDS ACHIEVES US$3.9M IN SECOND QUARTER REVENUES, EXPERIENCING 377% INCREASE IN QUARTER ON QUARTER AND 6 MONTHS REVENUE OF $5.9M.

TACOMA, Wash., Aug. 29, 2019 (GLOBE NEWSWIRE)

IONIC BRANDS CORP. (CSE: IONC) (OTC: IONKF) (FRA: 1B3)

(“IONIC BRANDS” or the “Company”) is pleased to announce its second quarter 2019 financial results as it achieves a milestone of $5.9M of revenue for the first half of year. Highlights for the quarter ended June 30, 2019 Completed a number of strategic synergistic acquisitions Cannabis-infused coffee patents Zoots Premium Cannabis-Infused Edibles Vegas Valley Growers (subject to regulatory approval) Completed a concurrent brokered and non-brokered debenture unit offering raising gross proceeds of approximately C$20 million.

John Gorst, Chairman & CEO of IONIC BRANDS, stated, “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.” OVERALL PERFORMANCE During the three months ended June 30, 2019, the Company’s main focus was on increasing its sales both by acquisition and expansion. For the three months ended June 30, 2019, revenue from product and services sales was $3,053,372, representing an increase of 450%, compared to product sales revenue of $554,690 during the same period in the prior year.

The increase in product sales is primarily due to the Company’s effort in developing its business and also the result of two acquisitions. In addition, business development expenses increased compared to the prior year is due to increased marketing expenditures connected with new product introductions and expansion initiatives into the states of Oregon and California and also the result of two acquisitions.

[Marillionaire]

About IONIC BRANDS Corp.
The Company is focused on building a multi-state 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. On behalf of IONIC BRANDS CORP. John Gorst Chief Executive Officer & Chairman For more information visit www.ionicbrands.com or contact: John Gorst [e-mail] +1.253.248.7927