IONKF - IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Completes Strategic Acquisitions Reports Record Revenues
- The company’s second quarter 2019 financial results included a $5.9 million revenue milestone
- IONIC Brands has tapped into Nevada’s cannabis market with its acquisition of Vegas Valley Growers North, adding production facilities, four state licenses and a popular vape brand to its portfolio
- Retail consumer appeal is propelling concentrates toward a forecast $8 billion in retail sales by 2022, outpacing growth in traditional flower sales
National cannabis holding company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3), formerly Zara Resources Inc., capped off the first half of 2019 with record financial results, achieving a milestone of $5.9 million in revenue, as the company reported in its last release (http://nnw.fm/mnSy3). IONIC also completed a concurrent brokered and non-brokered debenture unit offering, raising gross proceeds of approximately C$20 million, per a news release.
“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,” John Gorst, chairman and...
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