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1142 Broadway
Suite 310
Tacoma, WA 98406
None
155 N Wacker Drive
Suite 4350
Chicago, IL 60606
130 King Street West, suite 3640
Exchange Tower PO Box 38
Toronto, ON M5X 1A9
Canada
Royal Centre, Suite 1500- 1055 West Georgia Street
Vancouver, BC V6E 4N7
Canada
Ionic'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. Ionic delivers comprehensive solutions to licensed cannabis processors and producers, including the following: processing and transportation equipment leasing; operating and marketing support; licensing of intellectual property; and sourcing of devices, packaging and labeling. The Company expects to generate returns from any or all of the following revenue sources: (i) administrative services such as accounting and human resources, operating support, consulting, intellectual property licensing and advisory fees from service contracts with certain license holders; (ii) the selling of ancillary products to cannabis entities; and (ii) leasing facilities and equipment to certain licensed cannabis entities. The Company’s brands, IONICTM, DabulousTM and ZootsTM and processes were developed for the oil‐infused products category in the cannabis industry, which is the fastest growing sector of the industry.
In June 2021, Ionic closed the "OPS" acquisition of a fully licensed and equipped manufacturing facility in Estacada, Oregon, which now gives the Company full operating control over the manufacturing and distribution of our products in the Oregon market. The acquisition of the Oregon facility will allow us to produce up 1.4 million units per year, which is expected to result in annual increased revenues of $15 million by mid 2023 and a projected positive increase of 8% - 10% in gross margin revenue due to operating efficiencies. Facility development/build-outs and strategic investments in Fiscal 2021 have allowed Ionic to scale operations to meet rapidly growing sales demand. In June 2021, the Company expanded into a new 46,000 square foot manufacturing facility in Washington State allowing our exclusive manufacturing partners to increase their annual production capacity by 6x. This new facility is solely dedicated to the manufacturing of our brands and contains multiple indoor grow rooms that enable us to fully integrate the supply chain in the Washington market and expands our partners existing growing capacity. Ionic now has over 60,000 square feet of combined manufacturing space which will serve as a strong initial production platform to sell our brands to a national market upon federal legalization.