- IONIC’s sophisticated, premium vape pen line has earned a reputation as the top vape brand in Washington state
- The company’s acquisitions include a 140-acre farm in eastern Washington state that’s capable of producing 100,000 pounds of cannabis, as well as a licensed cannabis volatile extraction and manufacturing facility in California
- IONIC’s proprietary formulations of refined cannabis oils and distillates are used to create the popular Zoots Premium Cannabis Infused Edibles line
IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) is a national cannabis holding company that’s building a multistate portfolio of award-winning premium and luxury brands in the cannabis space. Established in 2015, IONIC Brands is an industry leader with a proven ability to expand and operate multiple cannabis concentrate consumer brands in markets across the western United States.
The cornerstone brand of the company’s portfolio, IONIC, is recognized as the top vaporizer brand in Washington state and is currently available at dispensaries in Washington, Oregon, Nevada and California. The company recently signed a definitive agreement to acquire Natural Extractions Inc., also known as Zoots Premium Cannabis Infused Edibles, which is based in Washington state (http://cnw.fm/1yQA3). Zoots has developed consumer-proven formulas that will be preserved by IONIC Brands.
IONIC will be the first to launch Lucid Green Inc.’s revolutionary technology platform as an enrichment to the company’s Ionic Certified Clean Program, which guarantees that its cannabis products meet or exceed state mandates on pesticide testing. Lucid Green is designed to provide vital safety information to consumers with a simple smartphone scan of the QR code on a cannabis product, as detailed in a news release. Lucid Green provides access to a library of product specific insights instantaneously – including test results, dosage guidance, effects and more, while also providing IONIC loyalty rewards.
Distribution is a critical part of the cannabis supply chain in California, which is projected to grow from $3.7 billion in 2018 sales to $7.7 billion by 2021, according to Arcview Market Research (http://cnw.fm/02bBb). To that end, Ionic recently signed an exclusive distribution agreement with Continuum, a California division of Origin House that delivers to more than 500 dispensaries in California. Origin House has the largest U.S. footprint of branded and distribution assets in North America, according to a news release (http://cnw.fm/PrPv3).
“IONIC Brands sought out the top distributor in California and given Origin House’s footprint, Ionic anticipates increased brand awareness, heightened demand for its products, and aggressive sales growth,” IONIC Chairman and CEO John Gorst stated in the release. “Our exclusive distribution agreement with Origin House distributor Continuum aligns with our strategy to build a multi-state, consumer-focused cannabis concentrate national brand portfolio focusing on the premium and luxury segments.”
IONIC Brands has also entered into a letter of intent to acquire the licensed cannabis volatile extraction and manufacturing assets of Kavry Management LLC, located in Adelanto, California. The licensed facility, near Los Angeles, fits the company’s strategic plan of vertical integration, Gorst stated in a news release (http://cnw.fm/W0RyU).
“Securing this facility is a great foundation for IONIC Brands in California to advance our current premium luxury cannabinoid products,” Gorst continued. “We also see substantial development potential of new revenue streams through manufacturing in California.”
The company’s aim is to be the leader of the highest-value segments of the cannabis market by following its success on the West Coast with nationwide expansion. IONIC Brands is led by a team of successful entrepreneurs who are aggressively expanding the company by building a multistate, consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments of the cannabis industry.
For more information, visit the company’s website at www.IONIC.social
NOTE TO INVESTORS: The latest news and updates relating to ZRRRF are available in the company’s newsroom at http://cnw.fm/IONC
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