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Lobe Sciences Signs Definitive Agreement for Sale of Cowlitz Cannabis Assets to Ionic Brands Corp

Lobe Sciences Signs Definitive Agreement for Sale of Cowlitz Cannabis Assets to Ionic Brands Corp
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IONIC Brands Corp : IONIC Brands Announces Private Placement

IONIC Brands Corp.: IONIC Brands Announces Private Placement IONIC BRANDS or the Company ) is pleased to announce it is undertaking a non-brokered private placement of up to 52,631,579 units (the Units ) at a price of CDN$0.19 per Unit for gross proceeds of up to approximately CDN$10,000,000 (the Offering ). Each Unit will consist of one common share of the Company (a Share ) and one Share purchase warrant (a Warrant ). Each Warrant will entitle the holder to acquire one additional Share at a price of CDN$0.30 per Share, for a period of five years from the date of issuance. The Company may pay finder s fees and/or commissions to eligible persons in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the

IONIC Brands Corp : Ionic Brands Corp Announces an Agreement with Convertible Debenture Holders to Exchange Approximately CAD$16 2 Million of Debt to Preferred Equity and a Share Consolidation Plan to Launch Ionic 2 0

(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.

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