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Ionic Brands Corp IONKF

Ionic Brands Corp. is a cannabis holdings company engaged in building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The Company’s primary business is the provision of services and products ancillary to the cannabis production and processing industry in the States of Washington and Oregon. The Company, through its subsidiaries, delivers a range of solutions to licensed cannabis processors and producers which includes sale of cannabis products; processing and transportation equipment leasing; operating and marketing support; licensing of intellectual property, and sourcing of devices, packaging and labeling. Its brands include IONIC, Dabulous and Zoots. It procures and supplies branded packaging and devise including vape pens, both refillable and disposable, cartridges, applicators, jars and brand, packaging and labeling for the licensee. Its subsidiary is Blacklist Holdings Inc.


GREY:IONKF - Post by User

Post by Pocketfulofhopeon Jun 22, 2020 5:15pm
265 Views
Post# 31178407

Spoke with company

Spoke with companyIt appears some good news is coming ( have to wait and see ) and sales are up in both Washington and Oregon with the goal of becoming profitable in coming quarters.  Vape gate as they call it and a high burn rate trying to expand into cali lead to the decimation of the SP. I think we will see a rebound occur in coming months. At .015 I think it's worth a small position. Vaping is gaining more of the market again - flower still holding a 41% plus minus of market sales but vapes and edibles are chewing into that and are forecasted favourably in coming quarters.. 
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