IONIC breakdownThe Investment Thesis We can break the investment thesis for Ionic Brands (CSE: IONC) into the following key points: 1.As the supply chain of cannabis matures, the segment least likely to see price suppression will be brands. 2.Brands successful in the most challenging states are more than likely to transfer that success to nascent states rolling into adult-use (full rec). 3.Ionic Brands has several of the most successful cannabis brands in the Northwest, with economies of scale and proven operations. 4.As more states introduce full recreational laws proven operators with great brands will have a key advantage for winning shelf space. 5.Ionic Brands also an interesting coffee patent for CBD that could create massive cash flow for shareholders.