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Icanic Brands Company Inc. (ICNAF)

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0.2535-0.0115 (-4.34%)
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  • GlobeNewswire

    Icanic Brands Announces Binding LOI to Acquire 100% of LEEF Holdings, California’s Premier Extraction Company

    Highlights Icanic Brands will acquire 100% of LEEF Holdings in an all-stock transactionClosing Purchase Price implies an approximate 2.0x LEEF estimated 2022 revenue multiple and 6.5x LEEF estimated 2022 EBITDA multipleLEEF Holdings manufacturing capabilities include a 12,000 sq. ft. state-of-the-art extraction and manufacturing facility with up to 45 tons of biomass throughput per month and up to 3,000 liters of distillate extraction capability per monthLEEF’s Willits, California headquarters i

  • GlobeNewswire

    Icanic Brands Announces Record Financial Results for Period Ended April 30, 2021: California Cannabis Operations Drive 488% Increase in adjusted EBITDA From Last Quarter

    Financial Highlights Period Ended April 30th, 2021: Record Q3 2021 revenue of $3.236 million, an increase of 88.4% YoY and 11.7% quarter over quarterRecord Q3 2021 gross profit of $1.556 million, an increase of 100.2% YoY and 30.6% quarter over quarterRecord Q3 2021 gross margin of 48.1% compared to 16.3% in Q3 2020 Record Q3 2021 positive net income of $0.198 million compared to a loss of $0.516 million in Q2 2021Record Q3 2021 adjusted EBITDA of $0.543 million, an increase of 488% quarter over

  • GlobeNewswire

    Icanic Brands Closes Acquisition of De Krown Enterprises LLC

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 02, 2021 (GLOBE NEWSWIRE) -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator in California and Nevada, is pleased to announce that it has closed the previously announced acquisition of De Krown Enterprises LLC (“De Krown”), a California-based leading cannabis manufacturing partner and brand owner. De Krow