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Ionic Brands Corp IONKF

Consumer Defensive Tobacco Cannabis
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

Ionic Brands Corp > information
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Comment by QcTraderon Mar 07, 2022 5:21am
190 Views
Post# 34489213

RE:information

RE:information

Long story very short... 

$LOBE has converted their shares and liquidating on the open market.. most likely disgruntle shareholders from failed RTO from previously announced deal. 

$IONC is bone dry with cash... however isnt in "default" for what i know.

It has always been the plan for LOBE to sell their shares of IONC. 

Will IONC survive this madness with their cash position? i dont know.

They certainly need a big brother or some inflow of capital to survive this.

A new management would also be a positive sign for me. 



 

joeshoeless wrote: Does anyone have any info on what is going on? Lobe unloads 40 million shares. does it still have its prefered shares? were they unloaded because the company didnt pay the 13 percent interest on prefered shares . Is the company still solvent. any info is welcome.

 

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