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...
Source: finanznachrichten.de