IONIC BRANDS Announces DTC Eligibility for the U.S. Markets
September 18 2019 - 2:35PM
IONIC BRANDS CORP. (CSE: IONC) (OTC: IONKF) (FRA: 1B3)
(“
IONIC BRANDS” or the “
Company”)
is pleased to announce that it has secured eligibility by The
Depository Trust Company (DTC) for its shares on the OTC Market in
the United States.
DTC is a subsidiary of the Depository Trust
& Clearing Corporation (DTCC) and manages the electronic
clearing and settlement of publicly traded companies. Securities
that are eligible to be electronically cleared and settled through
the DTC are considered "DTC eligible." This electronic method of
clearing securities speeds up the receipt of stock and cash,
accelerates the settlement process for investors and brokers, and
reduces transactional costs for participating brokerage firms.
Additionally, DTC eligibility enables the stock to be traded over a
much wider selection of brokerage firms, many of whom require DTC
eligibility as a compliance measure.
John Gorst, CEO & Director of IONIC BRANDS,
stated, "We are pleased to have secured DTC eligibility that allows
trading of our shares in our home market, where IONIC BRANDS
recognition is strong and most of our earliest investors reside.
The ability for investors to electronically transfer between
brokerages in the U.S. is significantly more convenient and
provides to existing investors the benefit from greater liquidity
and execution speeds, while attracting new investors to gain access
that may have been previously restricted from investing in IONIC
BRANDS.”
The Company is currently unaware of any material
change in its operations but is always in the process of continuous
improvements and evaluation of its business model. The Company will
continue to keep the public informed and will make public any
information regarding any material changes if and when they
occur.
About IONIC BRANDS Corp.
The Company 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 one of the top vaporizer brands 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.
On behalf of IONIC BRANDS CORP.
John GorstChief Executive Officer &
Chairman
For more information visit www.ionicbrands.com
or contact:
John
Gorstinfo@ionicbrands.com+1.253.248.7927
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
All statements, other than statements of
historical fact, included herein are forward-looking statements
that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. The risks are without limitations
the price for cannabis and related products will remain consistent
and the consumer demand remains strong; availability of financing
to the Company to develop the retail locations; retention of key
employees and management; changes in State and/or municipal
regulations of retail operations and changes in government
regulations generally. Important factors that could cause actual
results to differ materially from the Company’s expectations are
disclosed in the Company’s documents filed from time to time with
the Canadian Securities Exchange, the British Columbia Securities
Commission, the Ontario Securities Commission and the Alberta
Securities Commission.
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