On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Addresses Concerns about Vape Safety, Calls for Stricter Regulation of Black Market

  • IONIC Brands recently expressed its position and concerns in the wake of a nationwide health scare involving vape-related illnesses that have sickened hundreds and killed more than a dozen people
  • The U.S. Centers for Disease Control and Prevention has acknowledged that it believes cannabis vapes purchased on the black market are the primary source of the illness cases
  • IONIC Brands emphasized in a news release that it abides by applicable laws in states where it operates and that it doesn’t use additives that have become the focus of health officials’ investigation into vaping products
  • The company temporarily stopped production in California, citing concerns about insufficient regulation of black market vape products that do contain potentially harmful additives

As concerns about the safety of vaping products have swept the nation without a clear explanation of what is causing vape-related illnesses, vape manufacturers have found themselves searching for answers, much like the consumers who enjoy their products. On September 27, the U.S. Centers for Disease Control and Prevention acknowledged that the vast majority of the reported vape-related illnesses are linked to cannabis products purchased on the black market instead of from reputable, law-abiding businesses (http://ibn.fm/4QyqJ).

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) addressed the vaporizer concerns in a news release issued September 26, noting the company’s safety standards, its adherence to applicable laws and its desires for a stronger response to black market operations.

“This is not a cannabis issue. This is an illicit market issue that calls for more regulation, not less,” CEO and Chairman John Gorst stated in the news release (http://ibn.fm/q8W5J). “We are aware of the pervasive dangers of black-market operators infiltrating legal markets with counterfeit, illegal and unregulated products. We strongly advise consumers to never use black market or illegal products, and to choose only tested and compliant products from licensed dispensaries.”

Gorst wrote that the health scare and the proliferation of black-market products in California has led the company to temporarily suspend production there in the world’s largest cannabis market until state regulators show a greater capacity to enforce the laws of the state.

“We are specifically concerned with the proliferation of these illegal and unregulated black-market products in California,” Gorst added. “We feel that it is too great a risk to our customers and shareholders and brands to continue production in California until regulators can take control of this problem.”

The CDC’s report was a response to various officials who have blamed flavored nicotine products in e-cigarettes for the illnesses. The report states that, as of September 27, 806 people in 46 states had become sick and 13 had died as an apparent result of the vape crisis, but only 16 percent of those sickened said they only used nicotine, leaving health officials to question whether some of the ill simply don’t want to acknowledge that they were using black market cannabis.

Marijuana media agency Leafly reported that same week that as many as 50 million cannabis cartridges could be tainted with lead, pesticides or residual solvent butane, with a particular focus on vitamin E acetate, which has reportedly become a favored oil used to cut the cannabis oil content and improve profits for black market operators (http://ibn.fm/Qf1R2).

“All of our products are created using only the highest quality materials exclusively sourced from licensed producers of integrity, that use state of the art equipment, and ensure strict operating practices and procedures are followed. We have never and will never use any additives that contain vitamin E acetate, or any additives that are based on petrochemicals,” Gorst stated in the IONIC Brands news release.

While health officials and regulators continue to examine the situation, IONIC Brands hasn’t stopped developing its premium and luxury consumer portfolio according to the laws of the states in which it operates, and it is preparing to launch the first Bluetooth-enabled vaporizer and platform specifically designed for cannabis use within the next few weeks in an effort to further ensure safety through controlled dosing.

The company has six cannabis product lines in its stable, presented in three mood offerings for recreational use – rich sociability, serene relaxation and enlightened creativity (http://ibn.fm/CNtUB).

For more information, visit the company’s website at www.IONIC.social

NOTE TO INVESTORS: The latest news and updates relating to IONKF are available in the company’s newsroom at http://ibn.fm/IONKF

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered