$IONKF #BreakingNews #CSE #OTC

IONIC Brands Corp. (CSE: IONC) (FRA: IB3) (OTC PINK: IONKF) ("IONIC BRANDS" or the "Company") a multi-state, consumer-focused, premium, and luxury cannabis brand portfolio Company, provides an update with respect to the management cease trade order ("MCTO") issued by the Ontario Securities Commission ("OSC") effective May 3, 2021. The MCTO was initially issued in connection with the filing of its audited annual financial statements for the year ended December 31, 2020, including the related management discussion and analysis, and CEO and CFO certifications (collectively the "Annual Financial Filings"). The Company filed its Annual Financial Filings on June 22, 2021. The MCTO has been extended to July 19, 2021, as the Company is working on the steps required to complete the first quarter financial filings for the three-month period ended March 31, 2021 ( the "Quarterly Filings"). The Company expects to file the Quarterly Filings before July 19, 2021.

The Company is furnishing this announcement as per National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company expects to follow the arrangements of the Alternative Information Guidelines set out in NP 12-203, including the issuance of fortnightly default status reports as news discharges. The Company affirms as of the date of this news discharge that there has been no material change in the data contained in the default declaration gave on May 3, 2021, and there could be no other material data concerning the issues of the Company that has not been by and large uncovered.

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 three vaporizers and concentrate brands in Washington State along with Zoots portfolio of high-quality edibles and has aggressively expanded throughout the West Coast of the United States. The brand is currently operating in Washington and Oregon with licensing agreements in Illinois and Massachusetts. 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 Gorst

Chief Executive Officer & Chairman

For further information, please contact John Gorst, Chairman & CEO

Email: info@ionicbrands.com
Website: www.ionicbrands.com
Phone: 253-248-7927