- IONIC has grown from a family-run business selling vape pens in Washington state to an award-winning cannabis holding company with a multi-state portfolio
- The IONIC Premium Vape Pen holds a consistent spot in the top 10 vape brands in Washington, bringing in $9.9 million in sales in 2018
- The company set the bar for trust and transparency in cannabis retail by partnering with Lucid Green to create the first-ever direct-to-consumer platform providing product-specific information
A family-run business that began by selling vape pens in Washington state is now a publicly traded company positioned to take recreational cannabis nationwide and with an international patent currently pending. West Coast-based cannabis holding company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) has built a multistate portfolio of award-winning products.
Headquartered in Washington, where it all began, the company is rapidly expanding throughout the United States, reaching first into Oregon, California and Nevada, with its products currently sold in 685 stores across six states, and plans in place to continue expansion into other states throughout the year. The company is focused on organic, bottom-up growth as it cultivates and delivers recreational cannabis products to consumers nationwide.
IONIC Brands only recently went public and has made multiple strategic acquisitions in a short period of time. According to CEO and Board Chairman John Gorst (http://cnw.fm/xbYC7), the company’s goal is to own the top four markets in the United States. “What we’re focused on is owning the West and winning the rest,” Gorst noted in a news release. “We believe that we’re going to achieve a billion-dollar market valuation.”
According to projections, the company is well on its way to reaching this goal. Recent acquisitions are believed to have added more than $30 million in revenue this year, with total revenues projected to reach a total of $46 million for 2019.
The company’s flagship recreational-branded product, the IONIC Premium Vape Pen, holds a consistent spot in the top 10 vape brands in Washington state. The vape pen was launched in 2015 and finished 2018 with $9.9 million in sales, reaching those impressive numbers despite only being sold in three states; the pen is expected to finish 2019 with a much wider reach.
IONIC products are refined without the use of glycols, glycerins or additives. Every batch is individually tested through IONIC’s Certified Clean program, which is enhanced by the launch of the Lucid Green technology platform (http://cnw.fm/Q5AzY). This platform enables consumers to access a library with product-specific information, including test results, dosage guidance and known effects. Lucid Green was released in May 2019 and was the first direct-to-consumer data platform in the cannabis industry.
“IONIC sets the bar for trust and transparency in California by partnering with Lucid Green to ensure that consumers have all the information they need to have a safe, consistent and enjoyable experience,” added Lucid Green co-founder and CEO Larry Levy. “Everyone knows how to take a photo with their phone. It’s like getting personal guidance from the most knowledgeable budtender in the world — by just aiming your phone at the product in your hand and clicking on the link that pops up! We created Lucid Green to create a standard that drives trust, transparency and guidance in the cannabis retail environment.”
IONIC is dedicated to providing consumers across the country with the finest small-batch cannabis oils and cannabis concentrates in the world. The company aims to set the standard for transparency and create a brand that consumers and investors can trust.
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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