THIS RELEASE IS NOT FOR DISTRIBUTION TO US WIRE SERVICES FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / November 25, 2021 / IONIC Brands Corp. (CSE: IONC) (FRA: IB3) (OTCQB: IONKF) (“IONIC MARKS“or the”Society“) is pleased to announce that it is undertaking a non-brokered private placement of a maximum of 10,000,000 units (the”Units“) at a price of C $ 0.05 per Unit for gross proceeds of approximately C $ 500,000 (the”Offer“). Each unit will consist of one common share of the Company (a”To share“) and a warrant (a”To guarantee“). Each warrant will entitle its holder to acquire one additional share at a price of CA $ 0.07 per share, for a period of three years from the date of issue.
The Company may pay finder’s fees and / or commissions to Eligible Persons in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Stock Exchange (the “CST“).
The net proceeds of the placement will be used for commodities for stockbuilding and for general working capital purposes.
In accordance with applicable securities laws, all securities issued in connection with the offering will be subject to a hold period of four months and one day from the date of issue. Closing of the offer is subject to certain conditions customary for transactions of this nature, including, but not limited to, receipt of all necessary approvals, including approval from the CSE.
No securities regulatory authority has approved or disapproved of the contents of this press release. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold to United States, or to or on behalf of or for the benefit of any person in the United States, in the absence of registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to purchase common shares in the United States or in any other jurisdiction in which such an offer, solicitation or sale would be illegal.
Ionic Brands, Chairman and CEO, John P. Gorst said, “With supply chains as extensive as they are, this funding will allow us to purchase raw materials ahead of expected delivery times, which will allow us to purchase raw materials ahead of schedule. will keep our manufacturing facility at full capacity. “
About IONIC BRANDS CORP.
The Company is focused on building a consumer-focused, multi-state cannabis concentrate brand portfolio with a focus on the premium and luxury segments. The portfolio’s flagship brand, IONIC, is one of the top five vaporizer and concentrate brands in Washington State, with the Zoots portfolio of high-quality edibles, and has grown aggressively throughout the West Coast. the United States. The brand currently operates in Washington and Oregon with licensing agreements in Illinois and Massachusetts. The strategy of IONIC BRANDS is to be the leader in the most profitable segments of the cannabis market and to grow nationwide.
On behalf of IONIC BRANDS CORP.
Managing Director & Chairman
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ATTENTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this press release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “could”, “will”, “the”. intention ”,“ should ”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The actual results of the Company could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the sectors in which the Company operates, prevailing economic conditions, changes made to the strategic growth plans of the Company and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this press release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
The Canadian Securities Exchange has in no way passed upon the merits of the offering proposed herein and has neither approved nor disapproved of the contents of this press release.
THE SOURCE: IONIC Brands Corp.
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