IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3), a West Coast cannabis holding company specializing in the recreational adult-product market, recently announced impressive second-quarter financial results. An article discussing the company reads, “IONIC saw a year-over-year increase of 377% in sales for the period ended June 30, leaving the company $3.86 million better than the prior year. The sales increase was largely due to an increase in services, packaging and ancillary products to its customers and their downstream sales, as well as an increase in licensing and equipment rental revenue to those customers. Two acquisitions also played into the revenue picture. . . . ‘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,’ chairman and CEO John Gorst stated in an August 29 news release announcing the results (http://cnw.fm/UK5fN).”
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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.
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