IONKF - CannabisNewsBreaks - IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Launches IONIC Brands Investor Group on 8020 Connect Platform; CEO Converts Debt into Shares
IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) today announced the launch of the IONIC Brands Investor Group on 8020 Connect Platform. The dynamic 8020 platform’s interactive structure provides an opportunity for shareholders to become a part of the communication process and support the development of the company's investor audience. In addition, the company announced the conversion of US $100,000 debt at a price of C$0.06 per common share, well above the current market price, by IONIC Brands CEO & Chairman John Gorst. “Over the last five months, our management team has been working diligently, together with our stakeholders, to restructure our operations with a path to profitability. Now that we have completed our restructuring plan, we will be actively communicating our progress with our valued shareholders,” IONIC Brands CEO John Gorst stated in the news release. “Due to our progress in our operations, I have recently converted a portion of my debt into additional shares of the company as filed on SEDAR. I believe in our company, our team, and building shareholder value through profitable operations.”
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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 the top vaporizer brand in Washington State and has aggressively expanded throughout the West Coast of the United States. The brand is currently operating in Washington and Oregon. 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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