IONIC Brands Signs LOI to Acquire Licensed Cannabis Volatile Extraction and Manufacturing Assets of Kavry Management LLC

VANCOUVER, British Columbia, April 10, 2019 (GLOBE NEWSWIRE) — IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC) (“IONIC BRANDS” or the “Company”) announces today that it has entered into a Letter of Intent (“LOI”) to acquire licensed cannabis volatile extraction and manufacturing assets of Kavry Management LLC (“Kavry”).

IONIC BRANDS signed a LOI dated April 4, 2019 with Kavry subject to definitive documentation and for a purchase price of US$2,900,000 in cash and shares, with the shares valued based on the closing price of the Company’s shares immediately preceding the date of closing.

The Company

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