Latest Breaking News On - Ionic brands - Page 13 : comparemela.com

(2) TACOMA, WA / ACCESSWIRE / January 28, 2021 / IONIC BRANDS CORP. (CSE:IONC) (OTC PINK:IONKF) (FRA:1B3) ( IONIC BRANDS or the Company ), a regional multi state operator in the Pacific Northwest region of innovative cannabis edibles and concentrate extract products, is pleased to announce that it has entered into a non-binding proposal letter (the Letter ) with certain holders of secured convertible debentures due May 16, 2022 (the Secured Debentures ) for a proposed exchange (the Proposed Exchange ) of 90% or approximately CAD$16.2 million of the outstanding principal amount of Secured Debentures for preferred voting shares (the Preferred Voting Shares ). The Proposed Exchange represents approximately 72% of the Company s total debt, therefore significantly improving the financial position of Ionic Brands.

United statesUnited kingdomJohn gorstJohnp gorstBrands corpOntario securities commissionBritish columbia securities commissionCompany the commonCanadian securities exchangeAlberta securities commissionPacific northwestSecured debenturesProposed exchangePreferred voting sharesPreferred voting shareCommon share