Ionic Brands buys Zoots marijuana edibles firm for $11 million

MJBizDaily
By John SchroyerJul 25, 2019, 3:09 pm117 pts
Ionic Brands paid $11 million for longtime cannabis edibles maker Natural Extractions, which does business as Zoots Premium Cannabis Infused Edibles. As part of the stock and cash deal involving two Washington state companies, Zoots’ owners receive $855,000 in cash and more than 9.6 million shares in Ionic…

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