IONIC Brands Corp. (CSE: IONC)

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IONIC BRANDS ANNOUNCES ITS ZOOTS PREMIUM CANNABIS INFUSED EDIBLES LAUNCH IN PHARMACANN’S ILLINOIS DISPENSARIES

Tacoma, WA – July 31, 2019 – IONIC BRANDS CORP. (CSE: IONC) (OTC: IONKF) (FRA: 1B3) (“IONIC BRANDS” or the “Company”) is pleased to announce that PharmaCann LLC’s (“PharmaCann”) Illinois dispensaries are exclusively launching Zoots Cannabis Infused Edibles and will be available this month, providing consistent relief for medical cannabis patients.

 

Verilife dispensaries, owned and operated by national vertically integrated cannabis operator PharmaCann, will offer drops, chews and energy shots from the Zoots line of products.  “Zoots is an ideal fit for Illinois medical cannabis patients seeking relief through a premium edible product that delivers consistent and reliable results,” said Brett Novey, Chief Operating Officer for PharmaCann. “We are excited to offer Illinois patients access to the Zoots line of premium edible products initially through our Verilife branded dispensaries, with plans to extend this offering to patients throughout the entire state of Illinois via our extensive wholesale network.”

 

For PharmaCann, quality was a vital factor when choosing Zoots for its Illinois dispensaries. What sets Zoots apart is its proprietary Cypress Extraction System®, which delivers a cannabis extract that is pure, consistent, and developed specifically for use as a premium-quality food ingredient. The developers of Zoots also have extensive experience in food processing and, as a result, all Zoots products are manufactured according to the FDA’s guidelines for food safety.  “Zoots has a strong reputation for its dedication to excellence, as does PharmaCann, making for a great partnership,” said Michael Devlin, co-founder of Zoots. “Our brand and products are built on a promise of providing high-quality and safe products.”

 

Created in hand-crafted small batches, the edibles are made with Cypress Extract™ of cannabis paired with unique flavor blends. The product line offered by PharmaCann includes:

 

  • ZootDrops—Cannabis infused concentrates in Relaxation Blend and High-Energy Blend (100mg THC per bottle)
  • ZootBlast—Cannabis infused energy shots (available in 10mg and 30mg THC per bottle)
  • ZootChews—Cannabis infused gummies in Sour Apple, Wild Berry, Sour Lemonade and Watermelon (5mg THC each; 100mg THC per package—also available in CBD blends)

 

PharmaCann has Illinois dispensaries in Arlington Heights, Evanston, North Aurora, Ottawa and Romeoville, as well as an extensive wholesale network spanning the entire state. Each of PharmaCann’s dispensaries will offer Zoots Premium Cannabis Infused Edibles, with plans to roll out Zoots statewide through its wholesale partners.

 

About PharmaCann

 

PharmaCann, one of the nation’s largest medical cannabis companies, operates eleven dispensaries and three production facilities across multiple states, including New York, Illinois, Massachusetts, and Maryland. Based in Chicago, Illinois, PharmaCann focuses on empowering people to feel better and live their best lives. For more information, please visit pharmacann.com.

 

About Zoots

 

Natural Extractions, Inc. d/b/a Zoots Premium Cannabis Infused Edibles (“Zoots”), was recently acquired by IONIC BRANDS.  Zoots edibles are available at licensed marijuana retailers in Illinois, Washington, Colorado and Massachusetts.   Zoots products feature the company’s proprietary Cypress ExtractTM blended with other premium ingredients to deliver a safe, reliable and pleasant experience. Zoots emphasizes product safety, quality consistency, and offers products in serving sizes as low as 5 mg THC, so the consumer can easily manage dosage and effect.  For more information, please visit zootology.com.

 

 

About IONIC BRANDS CORP.

The Company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is the #1 vaporizer brand 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.

 

On behalf of IONIC BRANDS CORP.

John Gorst

Chief Executive Officer & Chairman

 

For more information visit www.ionicbrands.com or contact:

John Gorst

info@ionicbrands.com

+1.253.248.7927

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source:  IONIC BRANDS CORP.

IONIC BRANDS COMPLETES ACQUISITION OF ZOOTS - PREMIUM CANNABIS-INFUSED EDIBLES AND INFUSED PRODUCTS
  • IONIC BRANDS COMPLETES ZOOTS ACQUISITION, PREMIUM CANNABIS – INFUSED EDIBLES
  • INFUSED PRODUCTS AND EDIBLES ARE ONE OF THE FASTEST GROWING CATEGORY IN THE CANNABIS INDUSTRY
  • IONIC BRANDS WILL EXTEND ZOOTS EDIBLES BEYOND WASHINGTON AND COLORADO TO OREGON, CALIFORNIA AND SOON TO BE IN NEVADA

 

Tacoma, WA –  July 24, 2019 – IONIC BRANDS CORP. (CSE: IONC) (OTC: IONKF) (FRA: 1B3) (“IONIC BRANDS” or the “Company”) is pleased to announce that it has completed the acquisition of Natural Extractions, Inc. d/b/a Zoots Premium Cannabis Infused Edibles (“Zoots”), based in Washington, USA, as previously announced on April 23, 2019.

 

Total consideration for the purchase of Zoots is approximately US$11 million, comprised of US$855,000 cash and issuance of 9,635,150 common shares (“Consideration Shares”) of the Company at a deemed value of C$1.30 per share to the vendors of Zoots (“Vendors”), and the assumption of US$606,420 in outstanding debt.  The Vendors have also agreed to a lock-up agreement whereby up to 70% of the Consideration Shares would be locked up and released over nine months.  The issuance of shares is subject to approval by the Board and CSE.

 

In addition, the Company will issue up to 4.8 million common share purchase warrants to the shareholders of Zoots, with an exercise price of C$1.33 per share, exercisable over three years.

 

The acquisition adds Zoots’ edibles and infused products to the Company’s portfolio of consumer-focused cannabis concentrates. Zoots products expands the Company’s current product line and is expected to increase the Company’s market share in the cannabis retail and wholesale industry.  Zoots is a state-of-the-art, Washington State-based, cannabinoid edibles company, a first major player in the cannabis-infused edibles market.  Zoots’ product line includes drops, gummies, energy shots and hard candies manufactured to offer consistent and reliable dosing. Zoots is forecasting total revenues in 2019 to be approximately US$3.0 million with US$360,000 EBITDA cash flow. Zoots has consumer proven formulas which will be preserved by IONIC BRANDS.

 

Zoots Premium Cannabis Infused Edibles are available at licensed marijuana retailers in Illinois, Washington, Colorado and Massachusetts.  Founded by brothers Dan, Michael and Patrick Devlin, Zoots products feature cannabis oil derived from the Zoot’s proprietary Cypress ExtractionTM system and blended with other premium ingredients to deliver a safe, reliable and pleasant experience. Zoots emphasizes on product safety, quality and consistency, and offers products in serving sizes as low as 5 mg THC enabling the consumer to easily manage dosage and control over serving size and effect.  As part of the integration of Zoots into the Company’s operations, “Both Ionic and Zoots are trusted, family-run businesses and cannabis industry front-runners,” said Zoots’ Co-Founder, Patrick Devlin. “Zoots and Ionic target consumers looking for an easy and intuitive way to consume cannabis. Edibles are quickly gaining in popularity worldwide and we provide highly desired cannabis consumption options.”

 

In February 2019 Zion Market Research publish “Cannabis Edibles Market by Type (Solid Edibles, Topical Edibles, Inhalation, and Liquid Edibles), by Preparation (Cannabidiol and Tetrahydrocannabinol), and by Application (Cancer, Epilepsy, Arthritis, Multiple Sclerosis, Alzheimer’s, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cannabis edibles market was valued at approximately USD 2,376 million in 2018 and is expected to generate around USD 11,564 million by 2025, at a CAGR of around 25.4% between 2019 and 2025.

 

The legalization of cannabis in Canada is attracting an extensive range of market players. Therefore, increased social recognition related to cannabis across various regions is likely to offer significant opportunities in the cannabis edible products market in the future.

 

IONIC BRANDS Chairman and CEO John Gorst commented that “Ionic Brands has been working closely with the Zoots leadership team to integrate companies and transition the Zoots line of handcrafted and trusted edible products.  Our top-rated Ionic vaporizer pen targets consumers interested in luxury cannabis products that can be discreetly consumed which make Zoots edibles a natural fit for our brand strategy. The Zoots acquisition expands our market segments to the popular edibles space and expands our distribution network throughout the United States.  We are also very pleased to have Mr. Dan Devlin continues as the Company’s Chief Operating Officer.”

 

About IONIC BRANDS CORP.

 

The Company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is the #1 vaporizer brand 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.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

CEO and Director

 

For further information, please contact John Gorst, Chairman & CEO

E:  info@ionicbrands.com | W: www.ionicbrands.com | P:  253-248-7927.

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source:  IONIC BRANDS CORP.

IONIC BRANDS ENTERS LAS VEGAS, NEVADA WITH ACQUISITION OF VEGAS VALLEY GROWERS NORTH

Vancouver, BC –  June 12, 2019 – IONIC Brands Corp. (CSE: IONC)(FRA: IB3), formerly Zara Resources Inc. (“IONIC BRANDS” or the “Company”) is pleased to announce that it has completed the acquisition of Vegas Valley Growers North (“VVG”) located in Las Vegas, Nevada, previously announced on April 2, 2019.  VVG is a vertically-integrated, cash flow positive opportunity with a projected 2019 revenue of US$6.6 million, expected gross profits of US$3.1 million and EBITDA of US$2.0 million.

 

According to Arcview Market Research and Nevada State Department of Taxation, medical and adult-use spending on cannabis is projected to be over US$400 million in 2019 and US$500 million in 2020.  Sales records were set during the first six months of 2018 where Nevada sold more than US$195 million in cannabis products compared to US$67 million in Washington State and US$114 million in Colorado in the same period.

 

IONIC BRANDS Chairman and CEO John Gorst commented, “The Nevada cannabis market is one of the cornerstone markets in the U.S. for building cannabis brands. With over 42 million visitors to Las Vegas per year, the VVG acquisition will provide our IonicTM vape and ZootsTM edibles brands valuable exposure to national and international cannabis consumers. The VVG acquisition includes the popular Nevada vape brand: “Vegas M Stick”.  VVG offers Ionic Brands vertically integrated operations and distribution into over 75% of Nevada stores.” VVG’s CEO, Mitch Wilson commented that, “IONIC vape pens are the perfect complement to the Vegas M Stick. Together, these luxury brands are set to have a massive presence in the Nevada market for years to come.”

 

The VVG acquisition includes the lease for a 1,700 square foot production facility, situated on 3.42 acres of land.  VVG is currently building a 60,000 square foot manufacturing facility with expected completion date of Q3 2019.  A second 80,000 square foot facility is planned for Q4 2019. The VVG acquisition also includes four state licenses in hand for cultivation and manufacturing for both medical and recreational cannabis. The applications for the medical and recreational cannabis distribution licenses are being processed and are anticipated to be granted in Q2 2019.  In 2018, VVG revenues were US$2.6 million, with an EBITDA of US$0.8 million. VVG’s flagship product is the Vegas M Stick and the Reno M Stick branded vape pens that have current market penetration of over 75% of stores in Nevada.  The Company expects to increase sales of Ionic branded products by leveraging off VVG’s existing distribution pipeline and introduce various Ionic product SKUs to this distribution channel.

 

The total purchase price for VVG is US$8,870,000 (C$11,885,800) that includes a cash payment of US$7,620,000 (C$10,134,600), and 2,814,180 common shares of the Company at $0.5952 per share for an aggregate total value of USD $1,250,000 (C$1,675,000). The issuance of shares is subject to approval by the Board of Directors and the CSE.

 

Share Purchase Warrants

 

The Company also announces that, pursuant to the loan agreement with Top Strike Resources Corp. (“Top Strike”), it has issued 2,600,000 share purchase warrants to Top Strike upon repayment of the loan totaling C$3.25 million and associated fees of C$286,000.  Each warrant is exercisable at C$0.55 per share for a period of one year from the date of issuance.

 

Debt Settlement

 

The board of directors of the Company approved the settlement of C$63,262 of an outstanding debt through the issuance of common shares of the Company to an arm’s length party (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company would issue up to 140,582 common shares of the Company at a deemed price of C$0.45 per share.

 

About IONIC Brands Corp

 

IONIC BRANDS is a national cannabis holdings company based in Washington, led by a team of successful entrepreneurs. The company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is an accomplished #1 vaporizer brand in Washington State has aggressively expanded throughout the west coast of the United States and is currently operating in Washington, Oregon and California.  IONIC BRANDS’ strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

CEO and Director

 

For inquiries, please visit www.ionicbrands.com, by email info@ionicbrands.com or call investor relations at 253-248-7920 (option 4).

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations: the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

SOURCE:  IONIC Brands Corp.

IONIC LAUNCHES LUCID GREEN REVOLUTIONARY TECHNOLOGY PLATFORM TO ENHANCE IONIC CERTIFIED CLEAN PROGRAM

Vancouver, BC –  April 30, 2019 – IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC; FRA: IB3) (“IONIC BRANDS” or the “Company”) is pleased to announce that IONIC BRANDS flagship brand Ionic is first to launch Lucid Green, Incorporated (“Lucid Green” or “LG”) revolutionary technology platform designed to enhance trust and transparency in the cannabis industry as an enrichment to the Ionic Certified Clean Program.

 

Lucid Green is a powerful platform designed to provide vital safety information about cannabis products. By simply scanning the package’s QR code with a smartphone camera, Lucid Green provides access to a library of product specific insights instantaneously – including test results, dosage guidance, effects and more, while also earning Ionic loyalty rewards. Lucid Green is a technology company that was the first  in the cannabis industry to develop a direct-to-consumer data platform, that enables consumers to have a safe, consistent and enjoyable cannabis experience. Lucid Green will hit shelves on Ionic packaging in early May 2019.  IONIC BRANDS is the first company to launch LG in California and will be expanding the LG platform to Washington, Oregon and Nevada.

 

IONIC BRANDS Chairman and CEO John Gorst states “In an effort to craft the finest quality products on the market and provide our customers with true and accurate information, we have paired our Ionic Certified Clean program with the trust and transparency Lucid Green platform . Certified Clean means that every product that leaves our facilities meets or exceeds State mandates on pesticide testing. This is conducted by individually testing every batch.  Our pairing of Certified Clean with Lucid Green allows IONIC BRANDS to provide consumers with the highest quality products, with the best curated experiences. This testing ensures that we deliver to our customers the safest and cleanest products possible. IONIC Brands strategy strives to create unyielding brand loyalty through safe and effective products that results increase product demand.”

 

“Ionic sets the bar for trust and transparency in California by partnering with Lucid Green to ensure that consumers have all the information they need to have a safe, consistent and enjoyable experience. Everyone knows how to take a photo with their phone. It’s like getting personal guidance from the most knowledgeable budtender in the world – by just aiming your phone at the product in your hand and clicking on the link that pops up! We created Lucid Green to create a standard that drives trust, transparency and guidance in the cannabis retail environment. ” says Larry Levy, Co-Founder and CEO, Lucid Green Inc.

 

The Company also announces the granting of 5,700,000 stock options to officers, directors, employees and consultants of the Company on April 11, 2019.  Stock options have an exercise price of $0.65 per share, exercisable for over a five-year period and vests 50% immediately, 25% after three months and the balance after nine months from the date of grant.

 

About IONIC Brands Corp

 

IONIC BRANDS is a national cannabis holdings company based in Washington, led by a team of successful entrepreneurs. The company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is an accomplished #1 vaporizer brand in Washington State has aggressively expanded throughout the west coast of the United States and is currently operating in Washington, Oregon, Nevada and California.  IONIC BRANDS’ strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

Chairman and CEO

 

For further information, please contact:
John Gorst,
Chairman & CEO
Email: info@ionicbrands.com
Website: www.ionicbrands.com
Phone: 253-248-7927

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitation: the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source:  IONIC Brands Corp.,

IONIC BRANDS ENTERS THE HIGHLY DESIRABLE EDIBLES AND INFUSED PRODUCTS CATEGORY WITH SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE  ZOOTS PREMIUM CANNABIS-INFUSED EDIBLES
  • IONIC BRANDS ACQUIRES ZOOTS PREMIUM CANNABIS-INFUSED EDIBLES
  • INFUSED PRODUCTS AND EDIBLES ARE THE FASTEST GROWING CATEGORY IN THE CANNABIS INDUSTRY
  • IONIC BRANDS WILL EXTEND ZOOTS EDIBLES BEYOND WASHINGTON AND COLORADO TO OREGON, CALIFORNIA AND SOON TO BE IN NEVADA

 

Vancouver, CA –  April 23, 2019 –  IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC; FRA: 1B3) (“IONIC BRANDS” or the “Company”) enters the highly desirable edibles and infused products category with the signing of a definitive agreement (the “Agreement”) to acquire Natural Extractions, Inc. d/b/a Zoots Premium Cannabis Infused Edibles (“Zoots”), based in Washington State.

 

In accordance with the terms of the Agreement, IONIC BRANDS will acquire Zoots for US$855,000 in cash and issuance of up to 10.7 million common shares of the Company upon closing of the transaction. In addition, the Company will issue up to 5.35 million common share purchase warrants to the shareholders of Zoots, with an exercise price of C$1.33 per share, exercisable over three years.

 

The acquisition adds Zoots’ edibles and infused products to the IONIC Brands portfolio of consumer-focused cannabis concentrates. The Zoots products expands IONIC Brands product line and is expected to increase IONIC Brands’ market share in the cannabis retail and wholesale industry.  Zoots is a family-operated, state-of-the-art Washington-based edibles company, a first major player in the cannabis-infused edibles market.  Zoots’ product line includes drops, gummies, energy shots and hard candies manufactured to offer consistent and reliable dosing. Zoots is forecasting total revenues in 2019 to be approximately US$7.5 million with US$900,000 EBITDA cash flow. Zoots has consumer proven formulas which will be preserved by IONIC Brands.

 

Zoots Premium Cannabis Infused Edibles are available at licensed marijuana retailers in Illinois, Washington, Colorado and Massachusetts.  Founded by brothers Dan, Michael and Patrick Devlin, Zoots products feature cannabis oil derived from the Zoot’s proprietary Cypress ExtractionTM system and blended with other premium ingredients to deliver a safe, reliable and pleasant experience. Zoots emphasizes on product safety, quality and consistency, and offers products in serving sizes as low as 5mg THC enabling the consumer to easily manage dosage and control over serving size and effect.  “Both Ionic and Zoots are trusted, family-run businesses and cannabis industry front-runners,” said Zoots’ Co-Founder, Patrick Delvin. “The Devlin family is confident that Zoots’ sales will continue to grow given the combination of our proprietary formulas and IONIC Brands’ marketing expertise.”

 

The 2017 Marijuana Business Factbook, Exclusive Financial Data for Cannabusinesses & Major Investors reported that “Infused products and edibles are the fastest growing category in the cannabis industry, proving extremely popular with recreational consumers and medical patients alike.”

 

IONIC BRANDS Chairman and CEO John Gorst commented that “Zoots handcrafted and delicious edible products are extremely popular among consumers and complements our enormously popular vaporizer pen.  Acquiring Zoots allow us to expand our product offering into the edibles space and expands our current distribution network which is a win-win for our stakeholders.”

 

About IONIC Brands Corp

 

IONIC BRANDS is a national cannabis holdings company based in Washington, led by a team of successful entrepreneurs. The company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is an accomplished #1 vaporizer brand in Washington State has aggressively expanded throughout the west coast of the United States and is currently operating in Washington, Oregon and California.  IONIC BRANDS’ strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

CEO and Director

 

For inquiries, please visit www.ionicbrands.com, by email info@ionicbrands.com or call investor relations at 253-248-7920 (option 4).

 

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source: IONIC Brands Corp.

IONIC BRANDS ANNOUNCES EXCLUSIVE ORIGIN HOUSE-CONTINUUM PRODUCT DISTRIBUTION IN CALIFORNIA

Vancouver, BC –  April 11, 2019, IONIC Brands Corp., (CSE: IONC) (FRA: IB3) formerly Zara Resources Inc. (“IONIC BRANDS” or the “Company”) is pleased to announce that the Company’s product licensing partner has signed an exclusive distribution agreement with Continuum (“Continuum”) a California Division of  Origin House (“Origin House”) to distribute Ionic branded products.

 

Ionic branded products are now part of the Origin House distribution platform in California.  Origin House has the largest US footprint of branded and distribution assets in North America.

 

One of the Continuum strengths is its portfolio of over 30 cannabis brands, which it delivers to more than 500 dispensaries in California. Distribution is a critical part of the cannabis supply chain in California, where the legal cannabis market is expected to hit US$7.7 billion by 2020, according to Arcview Market Research/BDS Analytics.  The agreement also provides further potential access to 10 additional US states including Michigan, Massachusetts, Ohio, Pennsylvania, Illinois, Arizona, and Florida.

 

Effective immediately Continuum is the exclusive distributor of all Ionic Brands products in California.  Origin House’ Director of Key Supplier Relations, Jessica Lilga commented,“the California cannabis distribution market is very competitive. Continuum has the advantage to distribute the finest products from the best companies and we are excited to offer Ionic products to our customers.  The IONIC team meets our high standards of professionalism and experience, and we are very excited to help build this brand in California and potentially other states as our two companies expand our national footprint.”

 

IONIC BRANDS Chairman and CEO John Gorst commented that “IONIC BRANDS sought out the top distributor in California and given Origin House’ footprint, Ionic anticipates increased brand awareness, heighten demand for its products, and aggressive sales growth.  Our exclusive distribution agreement with Origin House distributor Continuum aligns with our strategy to build a multi-state consumer-focused cannabis concentrate national brand portfolio focusing on the premium and luxury segments.  We look forward to growing with Continuum as we build the market for our portfolio of premium cannabis branded products.”

 

About Origin House

 

CannaRoyalty Corp. d/b/a Origin House was recently acquired by Cresco Labs, Inc. which marks the largest-ever purchase of a public company in the US cannabis space.  Origin House’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products from 50+ brands to the majority of licensed dispensaries. Origin House’s brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners.

 

About IONIC Brands Corp

 

IONIC BRANDS is a national cannabis holdings company based in Washington, led by a team of successful entrepreneurs. The company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is an accomplished #1 vaporizer brand in Washington State has aggressively expanded throughout the west coast of the United States and is currently operating in Washington, Oregon and California.  IONIC BRANDS’ strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

CEO and Director

 

For inquiries, please contact John Gorst or email info@ionicbrands.com

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations:; the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source:  IONIC Brands Corp.,

IONIC BRANDS ADVANCES INTO THE CANNABIS-INFUSED BEVERAGE MARKET WITH TWO HIGHLY SOUGHT-AFTER COFFEE PATENTS

Vancouver, BC – April 4, 2019 –  IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC) (“IONIC BRANDS” or the “Company”) is pleased to announce that the Company is advancing into the cannabis-infused beverage market with two highly sought-after coffee patents.

 

IONIC BRANDS is entering into the infused beverage market with secured patents in the single-serve coffee and beverage pod market. CEO John Gorst states “single–cup coffee is a +$4.5 billion market and the National Coffee Association has estimated more than 40% of Americans own a single-cup coffee maker.  Securing these patents is a great foundation for IONIC BRANDS to enter into the cannabis-infused beverage industry and is complementary to our current premium luxury Cannabinoid products. We also see substantial development potential of new revenue streams through licensing infused coffee and tea brand partnerships.”

 

As recently announced on April 2, 2019, the patents position IONIC BRANDS to exclusively benefit from patented technology and provide strategic intellectual assets in the cannabis-infused beverage market, which is anticipated to keep pace or exceed other edible markets. The patents (62/037,827 & 15/837,623) are among the first cannabis patents in US history. These exclusive patents are for brewing cannabis infused coffee, tea and cocoa from CannaCafe which are granted in the US only.  Cowen and Company recently released a report in which it pinpoints Starbucks as the likely first major chain that will market products featuring cannabinoids (CBD).  Arcview Market Research indicates that “the consumer appeal is propelling concentrates toward an estimated $8 billion in retail sales by 2022, outpacing growth in traditional flower sales.”

 

The original method patent was filed in August 2014 and issued on December of 2017. Since then Imbue LLC, CannaCafe’s parent company, has been granted approval for two additional utility patents, one for cannabis coffee, and the other for cannabis tea. The applications cover all commercial based extraction methods including but not limited to CO2, ethanol, and heat. Their ISO certified product is tasteless, 100% water soluble, and includes known cannabinoids such as THC and CBD. Chris Bhairam of CannaCafe commented, “having worked with dozens of very successful cannabis companies in the past, we are extremely pleased to close a deal with IONIC BRANDS. They have perfected their craft, and strategically identified new markets for targeted growth. I look forward to seeing them scale and cementing themselves at the top of the industry as a trusted manufacturer of premium quality cannabis products.”

 

About IONIC Brands Corp

IONIC BRANDS is a national cannabis holdings company based in Washington, led by a team of successful entrepreneurs. The company is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone brand of the portfolio, IONIC, is an accomplished #1 vaporizer brand in Washington State. The Company has aggressively expanded throughout the west coast of the United States. IONIC is currently operating in Washington, Oregon and California.  IONIC BRANDS strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

CEO and Director

 

For inquiries, please visit www.ionicbrands.com, by email info@ionicbrands.com or call investor relations at 253-248-7920 (option 4).

 

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations: the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

Source:  IONIC Brands Corp.

IONIC BRANDS ANNOUNCES A SERIES OF TRANSFORMATIONAL ACQUISITIONS POSITIONING THE COMPANY AS A LEADING PREMIUM CANNABIS BRAND

IONIC BRANDS COMMENCES TRADING ON THE CANADIAN SECURITIES EXCHANGE UNDER THE TICKER SYMBOL “IONC”

 

Vancouver, BC –  April 2, 2019 –  IONIC Brands Corp., (CSE: IONC) formerly Zara Resources Inc., (“IONIC BRANDS” or the “Company”) announces the commencement of trading on the Canadian Securities Exchange (CSE) under the trading symbol IONC.

 

IONIC BRANDS is led by a team of successful entrepreneurs, that are dedicated to building a multi-state, consumer focused portfolio of luxury cannabis brands.  IONIC BRANDS’s flagship asset is their #1 vaporizer pen brand in Washington State under the branded name “Ionic”.  The Company’s initial focus was to dominate the most competitive state in the US and focus on building a premium brand within the cannabis concentrate products segment of the market,  currently the fastest growing segment of the legal marijuana industry.    The Ionic vaporizer pen is currently the top producer of concentrates in Washington State and has experienced year over year growth.  IONIC BRANDS is taking their team, proprietary techniques and blueprint for dominating  marketplace, as evidenced in Washington State and is aggressively expanding via entrances into new markets (Oregon and California) and accretive acquisitions as outlined below. IONIC BRANDS’s strategy is to be the leader of the highest-value segments of the supply chain in the west coast markets and expand eastwards via acquisitions.

 

Highlights of IONIC BRANDS

 

Premium luxury portfolio of cannabis concentrate products:  Established in 2015, IONIC BRANDS is an industry leader building a multi-state consumer-focused Brand portfolio consisting of award-winning premium and luxury brands in the concentrates space, the fastest growing segment of the legal marijuana industry.  IONIC BRANDS has proven the ability to expand and operate multiple brands in multiple markets across the western United States, including California, Washington and Oregon.

 

Scaling Nationally and Integrated Operations: In 2018, IONIC BRANDS expanded their vaporizer pen business into Oregon and California.  Continuing to deliver on our pillars of Quality, Responsibility and Respectability. The IONIC BRANDS strategy is to own the highest-value segments of the supply chain in the west coast markets and expand eastwards via acquisitions: Further discussed below, the Company most recently adding the desirable Nevada market with a binding letter of intent (“LOI”) to acquire of Vegas Valley Growers (“VVG”).  In Washington State, the Company will acquire a 140-acre cannabis farm located in Eastern Washington to cultivate input material for extraction.  In 2019, the Company will deploy an aggressive national expansion strategy into new geographic markets and new product segments

 

Disruptive entry into the cannabis-edibles and cannabis-infused beverage market via strategic acquisitions: Further discussed below, the Company entered into a binding LOI to acquire Zoots, a premium cannabis edibles company, and also acquired two of the very first cannabis-infused coffee patents granted by United States Patent and Trademark office from Canna Cafe.  Together with Zoots and the coffee patents, Company will use its premium production touches and synergistically utilizing the IONIC brand name to disrupt the highly sought after cannabis-infused beverage market, valued at over $4 billion in Canada and the United States by 2022, according to a report by marijuan market research company The Arcview Group.  Cowen and Company recently released a report in which it pinpoints Starbucks as the likely first major chain that will market products featuring cannabinoids (CBD).  IONIC BRANDS plans on adding domain expertise and engaging various consultants to explore how to best monetize owning these critical patents.

 

Robust pipeline of growth opportunities: The Company is in negotiations to acquire additional licensed facilities for manufacturing and distribution in California and Colorado.  Further acquisition opportunities in Massachusetts, Oregon, and Arizona are being pursued in 2019.

 

Transformational Acquisitions

 

The Company is pleased to announce that it has entered into binding LOIs to acquire 100% ownership in a series of companies that will have a transformational impact to IONIC BRANDS’s operations, premium brand and portfolio of products.

 

Company State Key Asset(s) Description
Zoots (“Zoots”) Washington State Cannabis-infused edibles company A Washington-based edibles company, a first major player in the cannabis-infused edibles market.  Zoots products are being sold in Washington and Colorado.  Zoots is forecasting 2019 sales revenues to be USD $6 million in topline revenue and $780,000 in EBITDA cash flow.  Zoots has a proven marketing system and sales team.  IONIC will pay USD $11 million, comprised of USD $600,000 in cash and USD $10.4 million shares of the Company, issuable upon closing of the transaction and the price per IONIC Share shall be calculated by reference to the 10-day volume weighted average price of the Company’s shares on the Canadian Securities Exchange.
Vegas Valley Growers (“VVG”) Nevada Revenue-generating integrated operations;

Cultivation license;

Volatile & Non-volatile Extraction license;

Cross-Jurisdiction (Distribution) License;

and the “M” Branded Vaporizer Pen

The Company has a definitive agreement to purchase Vegas Valley Growers (“VVG”), currently a revenue-generating vertically integrated operations in Las Vegas, Nevada, with full complement of production, manufacturing and distribution licenses.  VVG operates in a 1,700 square foot production facility, situated on 3.42 acres of land.  VVG is currently building out a 70,000 square feet manufacturing facility with expected completion date of June 2019.  A second 65,000 square feet facility is planned for H2-2019. In 2018 historical revenues were USD $2.56 million with USD $600,000 EBITDA. VVG’s “M” Branded Vape Pen has a current market penetration into 80% stores in Nevada.  The Company expects to add various Ionic product SKUs to VVG’s existing distribution pipeline and believes this can result in an increase to sales.  The total purchase price is CAD $22.8 million, comprised of CAD $1.65 million paid in cash and CAD $21.15 million shares of the Company. The number of shares issuable will be upon closing of the transaction and the price per IONIC Share shall be calculated by reference to the 10-day volume weighted average price of the Company’s shares on the Canadian Securities Exchange.  The Company has an option to purchase the entire real estate package for USD $11 million.
WW Agriculture (“WWAG:) Washington State Cultivation farm An Eastern Washington cultivation farm that will enable the Company to control the supply chain and reduce the cost of cannabis concentrate oil production to less than USD $0.10 per gram.  The total purchase of WWAG is USD $2.75 million, comprised of USD $2 million cash to be earned over a two-year period and USD $750,000 in shares of the Company. The number of shares issuable will be upon closing of the transaction and the price per IONIC Share shall be calculated by reference to the 10-day volume weighted average price of the Company’s shares on the Canadian Securities Exchange.
Vuber Tech (“Vuber”) Washington State Hardware Products and

Intellectual Property (patent-pending core cartridge and patent-pending pulse batter; and 11 provisional patents expected in 2019)

Vuber is a revenue-generating vaporizer hardware company.  Vuber has 2019 forecasted revenues of USD $8 million in revenue and $720,000 in EBITDA cash flow.  The total purchase price of Vuber is USD $12.5 million, comprised of USD $2.5 million in cash and USD $10 million in shares of the Company. The number of shares issuable will be upon closing of the transaction and the price per IONIC Share shall be calculated by reference to the 10-day volume weighted average price of the Company’s shares on the Canadian Securities Exchange.

 

Acquisition of Cannabis-Infused Coffee Patents

 

IONIC BRANDS, above all else, values its brand strategy as its core business. However, acquiring certain strategic intellectual assets, especially strong patents that support future products such as coffee and tea beverage products, are paramount to supporting our brand pillars, to develop our core business strategy and deliver strong shareholder value.  The Company is proud to be able to have acquired some of the first cannabis patents ever granted by the United States Patent and Trademark office. IONIC BRANDS acquired two patents from Canna Cafe.  The first patent is related to any cannabinoid infused into coffee, and a second patent relates to any coffee infused with a cannabinoid into coffee in a Keurig ® K-Cup ® Pod.  These patents are granted in the US market only. A third international patent is in process for cannabis-infused teas.

 

IONIC Management Team

 

The IONIC BRANDS senior executive team, led by John Gorst, has a successful track record of building companies.

 

CEO & Chairman, John Gorst.  Mr. Gorst has built, led and sold four different technology companies with market valuations in excess of $600 million.   Mr. Gorst has been at the forefront of IONIC’s expansion and development into Washington’s leading vaporizer brand.

 

President, Vice-Chairman and Co-Founder, Andrew Schell.  Mr. Schell has built several successful companies and was most recently a CEO of a US Department of Defense company specialized in military operations.  Mr. Schell has an engineering background rounded in operations, strategy and contract law.

 

Chief Marketing Officer and Co-Founder, Christian Struzan, has over 30 years of experience in marketing and branding in the entertainment and consumer goods industries.  Mr. Struzan founded an advertising agency which developed and executed marketing campaigns for feature films including: the Star Wars franchise, Fight Club and television series American Idol, as well as working on global brands such as Guinness, Stella Artois and Beck’s.

 

Chief Revenue Officer, Johnny Stange.  Mr. Stange was formerly a Director of Sales for the Southern California region for Treasury Wine Estates, a major wine wholesaler where he grew and oversaw annual sales of $250 million.  Mr. Stange is leading the charge IONIC’s aggressive sales growth plans across multi-states.

 

“We are excited that IONIC BRANDS is listed on the Canadian Securities Exchange.  This is a critical step in the Company’s growth plans.  IONIC BRANDS is embracing the North American opportunity, supported by the Canadian investment community.  We look forward to the access of the capital markets to build IONIC BRANDS and our premium brand portfolio” says John Gorst, CEO & Chairman of IONIC BRANDS.

 

 

About IONIC Brands Corp.

 

IONIC Brands Corp is an award-winning Washington State-based premium cannabis concentrate company. The Company is a multi-state operator that manufactures, brands and distributes premium cannabis concentrate products throughout the West Coast of North America.  IONIC BRANDS is focused on extracting value for shareholders through a refined strategy of iconic brands and a proven execution strategy. In 2018, IONIC was voted one of  the Top 50 Companies to Work for in Cannabis by MG Magazine, a publication serving cannabis industry professionals.

ON BEHALF OF THE BOARD OF DIRECTORS

“John Gorst”

 

John Gorst

Chairman & CEO

 

For inquiries, please visit www.ionicbrands.com, by email info@ionicbrands.com or call investor relations at 253-248-7920 (option 4).

 

 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

 

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations: the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.

 

______

1 Assuming closing of binding LOI’s

 

2 The revenue and adjusted EBITDA guidance provided herein is for illustrative purposes for investors to assess the value of the transactions and is subject to the assumptions that the price for cannabis and related products in Washington State, Oregon, California, and Nevada will remain consistent with current pricing, consumer demand for the products remains strong; retention of key employees and management; changes in the States and/or municipal regulations of retail operations and changes in government regulations generally with respect to the sale of Cannabis.

 

3 Adjusted EBITDA – Non-IFRS Measures

 

This press release contains certain non-International Financial Reporting Standards (“IFRS”) measures that are used to evaluate the performance of such businesses and the performance of their respective segments, as well as to manage their capital structure. As non-IFRS measures generally do not have a standardized meaning, they may not be comparable to similar measures presented by other issuers. Securities regulations require such measures to be clearly defined and reconciled with their most directly comparable IFRS measure.  Adjusted EBITDA represents income (loss) from operations, as reported, before interest, tax, and adjusted for removing other non-cash items, including stock based compensation expense, depreciation, and the non-cash effects of accounting for biological assets and inventories, and further adjusted to remove acquisition related costs.  Unless otherwise indicated, all historical financial information included herein was prepared in accordance with IFRS but is unaudited and this subject to change. This press release refers to certain non-IFRS measures and cannabis industry metrics. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these are provided as additional information to complement those IFRS measures by providing further understanding of the results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation, nor as a substitute for analysis of the financial information reported under IFRS.  Non-IFRS measures used to analyze the performance include “Adjusted EBITDA”. IONIC believes that these non-IFRS financial measures provide meaningful supplemental information regarding the performance and may be useful to investors because they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making. These financial measures are intended to provide investors with supplemental measures of the operating performance and thus highlight trends in the core businesses that may not otherwise be apparent when solely relying on the IFRS measures.

 

About IONIC Brands


 

Company Overview

 

With a focus on Quality, Responsibility and Respectability, our product lines reflect the changing landscape of cannabis consumption. Ionic’s refinement practices are a result of a passionate commitment to creating the very best concentrates on the market.

 

Ionic, at its core is an oil company, with a focus on Vape. Immediate Product Line Expansion plans include THC/CBD mixes, Low-Dose Products, High-End Edibles and Device Innovation.

 

With a powerful sales organization, an innovative product team, and a world-class marketing group, Ionic’s strategy is to repeat their success in each new market. Leveraging our invaluable experience gained over the last 7 years in Washington state, where they have grown to become the #1 Vape Brand in the most competitive market in the U.S.

 

Leadership

 

Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success.

 

 

John GorstJohn Gorst

Chairman & CEO

 

Built, led, and sold four different technology companies with market values up to $600 million over a 29-year career in the technology sector. He has raised a total of $45 million for his past businesses, is the largest early investor in IONIC, and has been on the board of directors throughout IONIC’s founding and expansion to into Washington’s leading vape company. Mr. Gorst assumed the role of Chairman and CEO in September of 2017 to begin the institutionalization of the operations of the company to prepare the company to take in outside capital and to begin on the execution of an ambitious growth strategy designed by him and his C-Level team.

 

 

Andrew SchellAndrew Schell

Co-Founder – Vice Chairman & Chief Strategy Officer

 

Prior to being a Co-Founder of IONIC, Andrew built several successful companies. He founded and was the CEO of a Department of Defense Company that specialized in Military Operations. He expanded the company into Washington, Oregon, California, Alaska and Hawaii over the course of 14 years. He had over 250 Employees and bid on and or was awarded over 500 Million in contracts before creating an exit for himself in 2014. He has an Electrical Engineering background and is well rounded with deep experience in operations, strategy and contract law. These core competencies assist him in his passion for M&A Negotiations and overall Business Strategies that ensure positive outcomes no matter how difficult the task may be.

 

 

Christian StruzanChristian Struzan

Co-Founder & Chief Marketing Officer

 

30 years of experience in marketing and branding for the entertainment industry. Founded an ad agency which developed and executed marketing campaigns for feature films including the Star Wars franchise, Fight Club, Sideways and television series American Idol. Expertise in electronic, mobile, and print media advertising. He was responsible for designing the poster for the 80th Academy Awards.

 

 

Johnny StangeJohnny Stange

Chief Revenue Officer

Prior to joining IONIC, Johnny was director of sales for over the Southern California region for Treasury Wine Estates, a major wine wholesaler, where he was directly responsible for growing and overseeing annual sales of $250 million. He also held sales and management positions for Southern Wine & Spirits and was responsible for growing and developing markets in south Florida and California markets (the largest in the U.S.). Since joining Ionic sales have increased another 40%.

 

 

Bryen SalasBryen Salas

President & GM

Mr. Salas first co-founded the company in 2012 with a vision into the future. He took the role of Vice President of Sales from 2012-2017 leading the company to become one of the top selling vaporizer brands sold in the State of Washington. Throughout these years, Mr. Salas was critical in supporting the functions of Ionics’ supply chain, product development, marketing, human resources and technology.

 

 

Austin T GorstAustin T Gorst

Co-Founder & GM of Oregon

Austin Taylor Gorst is one of the Co-Founders of IONIC who has been involved since the birth of the business and has been active in the rapid growth of the business since inception in 2012. Austin worked six years in IT while going through the infancies of the business and development of the products IONIC sells today. In September of 2015, Austin resigned from his Account Executive role in IT and joined IONIC as a full-time operator of the business once the recreational license came online in 2015. Austin was a part of the rapid growth in 2016, assisting in training and building up the IONIC team, increasing top-line revenue from $275,000 in 2015 to $2.7 million in 2016 and then again in 2017 increasing revenue to $4.7 million in the Washington market. In early 2017, he started the first expansion plan to replicate IONIC business plan in the State of Oregon, and today he operates as the GM of IONIC Oregon.

 

Source:  https://investors.ionic.social/

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