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Icanic Brands Company Inc. (ICNAF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.3198-0.0011 (-0.34%)
At close: 3:56PM EDT
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  • P
    Prenom
    I am holding for long! Great company with good leadership and discipline
    Bullish
  • s
    swisherSWEET
    Hope you guys are having a great day! I’m currently .02 from taking profit. Let’s keep this thing moving!!!
  • t
    trevorthegreatest
    2 million Benjamin’s for rights to a facility and they still have an off take agreement to sell for cheap. Used 1/8 of the cash to sign TD media to help promote their story. Smart business moves seem to be the norm here!

    “Our ability to unlock value by selling our interest in our Sacramento cultivation facility while still maintaining similar cost of raw inputs through our below market contractual off take agreement was a big win for Icanic,” said Brandon Kou, CEO of Icanic Brands. “Our biggest priority was to maintain the integrity of our gross margins and we were able to accomplish that goal by entering into an off-take agreement that closely mirrors our prior internal cost of cannabis inputs. This transaction also adds a significant non-dilutive cash infusion that we can use to strategically grow our business as the California market continues to evolve.””
  • M
    Mike
    anyone know how much the "substance" makes in revenue?
  • t
    trevorthegreatest
    This is an excellent ground floor opportunity to own of the premier weed companies in California. The LEEF acquisition brings a massive catalyst in the pending real estate. I am so happily adding alongside those LEEF employees until the deal closes sometime in Q4 (since they’re getting shares costed at 30 day VWAP prior to signing of definitive agreement)!
    Bullish
  • c
    cygnusx555
    uptrend in process...many catalysts coming...get in early. This company will dominate the California,Nevada Marijuana sector in the future
  • t
    trevorthegreatest
    Trulieve completed their acquisition of Harvest Health and Recreation Inc. today. HHR had 232M revenue and 15.3M EBITDA in 2020. They were just bought for 50.87M shares of Trulieve or ~1.79B. ICANIC expects to exit 2021 with an 80M revenue run rate and I expect that and their EBIDTA to be revised significantly upwards for 2022 and 2023 after their second facility comes online, they close a few more acquisitions, see further growth in NEV, etc.
    If ICANIC was to be purchased in 2022 on similar terms with 1/3 of the revenue, that would imply a 10 bagger from here. Oops, forgot the pending 196 acre cultivation facility sitting on 1900 acres! In other words, minimum 10x and that’s not even considering that they will continue to execute on their growth strategy, and/or the effect legalization might have on multiples. If you thought Canada’s legalization was wild.. Have a good weekend everyone!
    Bullish
  • R
    Rocko
    no worried about this stock at all, when things truly open up like normal, itll blow up. patience is key friends!!
    the acquisition was also amazing, profits done happen instantly, it takes time and work
  • M
    MoonBeam
    CEO interview discussing acquisition.

    https://www.youtube.com/watch?v=x13oHX9WQ6U
    Icanic Brands Transformational Update w/ CEO Brandon Kou | $ICAN $ICNAF
    www.youtube.com
  • B
    Bobby Axelrod
    Now that’s an acquisition!!
    Bullish
  • #
    # It's a pound sign stupid
    That didn't last long
  • J
    Josh
    Leef seems to be a very nice acquisition. Is this a buy at these prices or wait to get under $0.2?
  • R
    Rocko
    big moves, still pretty undervalued. getting more when i can
  • s
    swisherSWEET
    Well I added today. Hope we turn this thing around
  • R
    Rocko
    Love the industry, maybe a little too much personally!!
    nevertheless, this company will make strong growth and profit in the future once things fully open again, its a massive cash cow in waiting
  • B
    Bobby Axelrod
    Soon enough we will see a turn around
    Bullish
  • J
    Jackie Dodson
    “The Tesla of Cannabis” is what some savvy investors are calling Icanic Brands (OTC: ICNAF) (CSE: ICAN), after its recent presentation at Wall Street Reporter’s “Investors Discovery Day” livestream.
  • A
    Andrew
    should I buy some right now or is it too expensive?
  • p
    phil
    price share is going to rise fast can you imagine the publicity we are going to have in the next 6 months
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