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Cronos Group Inc T.CRON

Alternate Symbol(s):  CRON

Cronos Group Inc. is a Canada-based global cannabinoid company engaged in building intellectual property by advancing cannabis research, technology and product development. The Company operates through one segment, which is comprised of operations in Canada and Israel and is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. The Company’s international brand portfolio includes Spinach, PEACE NATURALS, and Lord Jones. The Spinach brand offers pre-rolls infused with cold-filtered cannabis extract and coated in kief, and all-in-one disposable vapes. The Lord Jones is a hemp-derived cannabidiol (CBD) brand. Its Lord Jones Hash Fusions are a line-up of premium ice water hash infused pre-rolls. This brand also offers vapes and edibles. Its PEACE NATURALS offer Peppermint CBD, a blend of CBD extract, quality medium-chain triglycerides (MCT) oil, and a hint of natural peppermint flavor.


TSX:CRON - Post by User

Post by Acura001on May 12, 2021 4:01am
235 Views
Post# 33180715

IONC Brands Corp current 0.13

IONC Brands Corp current 0.13

IONC

Ionic Brands Corp IONC is a jewel in the rough and one to watch. They went through a strategy review in the last 6 months and already have good revenues in major US markets. Current SP is 0.13 cents down from a high of 0.46 cents 2 months ago. The share float is low at 33M. Do your own DD but this one will follow the Markets trend and appreciate quickly.

 

Financials quick overview

For the year ended December 31, 2019, total revenues were $10,287,447, representing an increase of 464% compared to total revenues of $1,822,682 in the prior year. The increase in revenues was primarily due to the Company's effort in introducing new products and expansion initiatives in the states of Nevada, Oregon, and California.

 

Debenture converted at 30 cents

The Company has provided notice in accordance with the terms of the Indenture to effect the Conversion. The Conversion will be effective on April 30, 2021. As of the date hereof, there are $16,496,000 principal amount of Debenture outstanding. The Company anticipates $15,093,840 principal amount of Debenture, including PIK payments and all accrued and unpaid interest, will be converted into approximately 59,829,261 Series D Voting Preferred Shares at $0.30 per share.

 

Acquisitions

Ionic Brands Corp Signs Letter of Intent for the Purchase of Assets of Precision Alchemy, LLC an Oregon Based Cannabis Oil Manufacturer

 

Ionic Brands Announces Closing of the Acquisition of Cowlitz County Cannabis From Lobe Sciences, Completing the Series of Transormational Corporate Transcations

 

Ionic Brands Corp. Signs Letter of Intent for the Purchase of Assets from The Extraction Lab (EXA)

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