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.

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Comment by Bullknit101on Mar 18, 2022 9:07am

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RE:RE:information

Why doesn't a big MSO like Curaleaf do a tuck in acquisition of Ionic? This is literally a penny stock and the risk profile must be huge. I was tempted a few times to buy in but held off. The market cap sits at 1.4M which is a nano cap. What's the incentive to buy here? I take it they have mounds of debt and are unprofitable despite decent revenue. West coast market high stiffiling taxes too.

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