IONKF - IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) Posts 377 Percent Revenue Increase in Second Quarter
- West Coast-based IONIC Brands has expanded its recreational cannabis vape products line with acquisitions that grant it edibles and infused product potential, as well as Bluetooth-enabled hardware that revolutionizes its vape lines
- The company recently reported its second quarter financials, including record revenues that exceeded the prior year’s period by 377 percent for a total of $3.86 million
- The company also completed two concurrent rounds of financing that added gross proceeds of C$20 million
- IONIC expects to launch a Bluetooth-enabled Slim-line Vape pen during the third quarter as a new product offering
IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) recently announced milestone revenues for its second quarter as a result of its operations as a West Coast cannabis holding company specializing in the recreational adult product market.
IONIC saw a year-over-year increase of 377 percent 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...
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