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.
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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://cnw.fm/IONC
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