Tacoma, Washington-based cannabis holding company IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) is planning to expand its footprint throughout the United States, and aims to reach at least 318 stores in California and 225 stores in Oregon by January 2020. An article discussing the company reads, “The flagship product for IONIC is its vape pen line, which has done well in the marketplace, particularly in Washington state. This vaporizer product is currently ranked in the top 10 of such products in Washington state, which suggests that expansion into other states and distribution centers will likely be successful. Overall, vape sales grew by 93% in 2017 alone, and spending on edible cannabis products is projected to double from 2019 to 2022, reaching $4.1 billion.”
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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’s 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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