Post by
Acura001 on Oct 05, 2021 3:53am
IONC Brands 35 million in annual Sales at a 10M current mark
C.IONC Current SP is 0.095 cents. Undervalued / watchlist
Record Q2-2021 sales revenues of $8.3M and realized $1.3M in gross profit representing a 16% gross margin for the second quarter 2021, a 1.2% decline on quarter-on-quarter growth due to our combined B2B wholesale business and entrance into the sales of lower margin flower sales compared to our concentrate segments.
Record H1 sales revenues of $12.5M which exceeds the entire fiscal year of 2020 revenues by $3.5M, representing a 40% increase in revenue YTD
The Company maintains its target on baseline revenues of over $28 million for annual 2021.
Improved balance sheet through the conversion of $12.9 million in secured debt to preferred equity