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IONKF
Ionic Brands Corp.

Ordinary Shares

Ionic Brands Corp.

1142 Broadway

Suite 310

Tacoma, WA 98406

Last Verified 01/2022
Business Description
Ionic Brands Corp ("Ionic") is dedicated to building a regionally based multi-state consumer packaged goods company with a highly respected cannabis concentrate brand portfolio with strong roots in the premium and luxury segments of vape, concentrates, flower, and consumables. The cornerstone Brand of the portfolio, IONIC, is a top concentrates brand in Washington State along with its economy brand Dabulous and has aggressively expanded throughout the Pacific Northwest of the United States. The brand is currently operating in Washington and Oregon. IONIC BRANDS' strategy is to be the leader of the highest-value segments of the cannabis market.
Financial Reporting
Reporting Status
International Reporting: Canadian Securities Exchange
Audited Financials
Unaudited
CIK
0001778091
Fiscal Year End
3/31
Company Officers & Contacts
John P Gorst
CEO

Bryen Salas
President

Christian Vara
COO

Dave Croom
CFO

Austin Gorst
Vice President

Christian Struzan
CMO

Joanne Salas
Chief Admin. Officer

Board of Directors
Austin Gorst

John P Gorst
CEO

Bryen Salas

Christian Struzan

Jonathan Yan
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Macias Gini & O'Connell LLP

155 N Wacker Drive

Suite 4350

Chicago, IL 60606

Investment Bank
Clarus Securities Inc.

130 King Street West, suite 3640

Exchange Tower PO Box 38

Toronto, ON M5X 1A9

Canada

Securities Counsel
McMillan LLP - Vancouver, British Columbia (Canada)

Royal Centre, Suite 1500- 1055 West Georgia Street

Vancouver, BC V6E 4N7

Canada

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
CA
Employees
63 as of 08/17/2021
Shell
No
Products and Services

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.

Company Facilities

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.

Company Notes
Formerly=ZARA RES INC until 4-2019
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