Investor Ideas Potcasts, Cannabis News and Stocks on the Move: Interview with Ionic Brands (CSE: $IONC.C) (OTC: $IONKF) CEO, John Gorst
Delta, Kelowna, BC - August 15, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas Potcasts, #Cannabis News and Stocks on the Move: Interview with Ionic Brands (CSE: $IONC.C) (OTC: $IONKF) CEO, John Gorst
In today's podcast Investorideas.com interviews Ionic Brands (CSE: IONC) (OTC: IONKF) CEO John Gorst, and he discussed the company's recent announcement of the acquisition of Zoots, a Washington-based premium cannabis edibles brand, as well as the cannabis retail and wholesale industry.
Zoots is a state-of-the-art, cannabinoid edibles company, and one of the first major players in the cannabis-infused edibles market. Zoots' product line includes drops, gummies, energy shots and hard candies manufactured to offer consistent and reliable dosing.
Ionic Brands is focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is the #1 vaporizer brand in Washington State and has aggressively expanded throughout the West Coast of the United States. The brand is currently operating in Washington, Nevada, Oregon and California. IONIC BRANDS' strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally.
When asked what investors should be paying close attention to for the rest of 2019 and moving into 2020, John responded, "I think legislation is always something you should keep an eye on. It's in a constant state of flux. I think one of the biggest inflection points coming up in the near future here is the Safe Banking Act. I think that if that gets passed and US investors and institutions are able to enter the market and fund cannabis companies that would be a huge inflection point. I think that what we are going through in the market, from a capital markets perspective is good. I think it's a cleansing process. I think that your going to see a lot of good operators rise to the top, and I think you're going to have a lot higher quality companies to choose from for individual investors."
When asked about the future of Ionic Brands, John commented, "We've focused a lot of our resources on building out tier 1 infrascture. One of the biggest things that I think will be beneficial for us and our shareholders is the fact that we spent the time to focus on building the infrastructure, systems and operating procedures to scale this business out. Now we are ready to go out there and focus on growth."
Ionic Brands recently announced that PharmaCann LLC's Illinois dispensaries are exclusively launching Zoots Cannabis Infused Edibles and will be available this month, providing consistent relief for medical cannabis patients.
Verilife dispensaries, owned and operated by national vertically integrated cannabis operator PharmaCann, will offer drops, chews and energy shots from the Zoots line of products. "Zoots is an ideal fit for Illinois medical cannabis patients seeking relief through a premium edible product that delivers consistent and reliable results," said Brett Novey, Chief Operating Officer for PharmaCann. "We are excited to offer Illinois patients access to the Zoots line of premium edible products initially through our Verilife branded dispensaries, with plans to extend this offering to patients throughout the entire state of Illinois via our extensive wholesale network."
John Gorst also informed me that Ionic Brands expects to release their Q2 financial results within the next coming weeks and to find out more information on Ionic Brands visit their website here.
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