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Icanic Brands Company Inc.

Icanic Brands Company Inc.

Icanic Brands Company Inc. Announces Corporate Name Change to Leef Brands Inc. and Provides Strategic Corporate Update

Icanic Brands Company Inc. Announces Corporate Name Change to Leef Brands Inc. and Provides Strategic Corporate Update

VANCOUVER, British Columbia, Dec. 05, 2022 -- Icanic Brands Company Inc. (CSE: ICAN)(OTCQB: ICNAF) (“Icanic” or the “Company”), a leading California based extraction and manufacturing cannabis company, is pleased to announce that the Canadian Securities Exchange has granted the Company approval to change its corporate name to Leef Brands ... Read More...
Icanic Brands Company Inc. Reports Third Quarter 2022 Financial Results

Icanic Brands Company Inc. Reports Third Quarter 2022 Financial Results

VANCOUVER, British Columbia, Nov. 30, 2022 -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium cannabis brands in California, is pleased to report its financial results for the three and nine months ended September 30th, 2022. All currency references used here... Read More...
Icanic Brands Applauds President Joe Biden on Major Step Towards Federal Cannabis Reform

Icanic Brands Applauds President Joe Biden on Major Step Towards Federal Cannabis Reform

VANCOUVER, British Columbia, Oct. 07, 2022 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), an operator of premium cannabis brands in California, recognizes the President of the United States of America, Joe Biden, on issuing an executive order pardoning all Americans that have been federally co... Read More...
Icanic Brands Announces Non-Binding LOI to Acquire The Leaf at 73740 LLC

Icanic Brands Announces Non-Binding LOI to Acquire The Leaf at 73740 LLC

VANCOUVER, British Columbia, Sept. 19, 2022 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium cannabis brands in California, is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) to acquire 100% of the equity interests in The Leaf... Read More...
Icanic Announces Closing of Recapitalization Transaction and C$1.3 Million Private Placement

Icanic Announces Closing of Recapitalization Transaction and C$1.3 Million Private Placement

VANCOUVER, British Columbia, Sept. 12, 2022 -- Icanic Brands Company Inc. (“Icanic” or the “Company”) (CSE: ICAN) (OTCQB: ICNAF) is pleased to announce that it has completed its previously announced recapitalization transaction (the “Recapitalization Transaction”) pursuant to the terms of a restructuring support agreement (the “Restructur... Read More...
Icanic Brands Company Inc. Announces the Appointment of Micah Anderson as Chief Executive Officer

Icanic Brands Company Inc. Announces the Appointment of Micah Anderson as Chief Executive Officer

VANCOUVER, British Columbia, Sept. 06, 2022 -- Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) (“Icanic” or the “Company”), a leading California based extraction and manufacturing cannabis company, is pleased to announce the appointment of Micah Anderson to the position of Chief Executive Officer of the Company. Mr. Anderson is a re... Read More...
Icanic Receives Final Court Approval for Plan of Arrangement Effecting Recapitalization Transaction

Icanic Receives Final Court Approval for Plan of Arrangement Effecting Recapitalization Transaction

VANCOUVER, British Columbia, Aug. 15, 2022 -- Icanic Brands Company Inc. (“Icanic” or the “Company”) (CSE: ICAN) (OTCQB: ICNAF), multi-state brand operator of premium cannabis brands in California, announces that it has received final approval from the Supreme Court of British Columbia (the “Court”) for the Company’s plan of arrangement a... Read More...
Icanic Obtains Interim Court Order and Announces Meeting Details in Connection with its Recapitalization Transaction

Icanic Obtains Interim Court Order and Announces Meeting Details in Connection with its Recapitalization Transaction

VANCOUVER, British Columbia, July 12, 2022 -- Icanic Brands Company Inc. (“Icanic” or the “Company”) (CSE: ICAN) announced today that the Supreme Court of British Columbia (the “Court”) has issued an interim order (the “Interim Order”) authorizing, among other things, the holding of a meeting (the “Meeting”) of holders (the “Secured Deben... Read More...
Icanic Brands Announces Non-Binding LOI to Acquire DNA Organics, Inc. (Lifted Organics) and THC Engineering Share Issuance

Icanic Brands Announces Non-Binding LOI to Acquire DNA Organics, Inc. (Lifted Organics) and THC Engineering Share Issuance

VANCOUVER, British Columbia, May 13, 2022 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium cannabis brands in California, is pleased to announce that it has signed a non-binding Letter of Interest (“LOI”) to acquire DNA Organics, Inc. (“Lifted”), a premium... Read More...
Icanic Brands Announces Definitive Agreement to Acquire 100% of LEEF Holdings, California's Premier Extraction Company

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

VANCOUVER, British Columbia, Jan. 25, 2022 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium Cannabis brands in California and Nevada, is pleased to announce that the Company has entered into a definitive agreement (the “Agreement”) with LEEF Holdings, Inc.... Read More...
Icanic Brands Provides Update on Status of Management Cease Trade Order

Icanic Brands Provides Update on Status of Management Cease Trade Order

VANCOUVER, British Columbia, Dec. 20, 2021 -- Icanic Brands Company Inc. (“Icanic” or the “Company”) (TSX-V: ICAN) is providing this update on the status of a management cease trade order granted on November 30, 2021 (the "MCTO") by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP... Read More...
Icanic Brands Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

Icanic Brands Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

VANCOUVER, British Columbia, Nov. 30, 2021 -- Icanic Brands Company Inc. (“Icanic” or the “Company”) (TSX-V: ICAN) announces today that, as a result of delays to its audit, the Company’s annual financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021 (the “Annual Filings”) were not... Read More...
Icanic Brands Announces Binding LOI to Acquire Substance LLC

Icanic Brands Announces Binding LOI to Acquire Substance LLC

VANCOUVER, British Columbia, Sept. 30, 2021 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium Cannabis brands in California and Nevada, is pleased to announce it has signed a binding Letter of Intent (“LOI”) to acquire Substance LLC (“Substance”), a premium... Read More...
Icanic Brands Announces Binding LOI to Acquire 100% of LEEF Holdings, California's Premier Extraction Company

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

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 positiv... Read More...
Icanic Brands Enters into Definitive Agreement to acquire De Krown Enterprises LLC

Icanic Brands Enters into Definitive Agreement to acquire De Krown Enterprises LLC

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 02, 2021 -- 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 entered into a share exch... Read More...
Icanic Brands Announces Partnership with Leading California Based Edibles Company

Icanic Brands Announces Partnership with Leading California Based Edibles Company

VANCOUVER, British Columbia, May 06, 2021 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium Cannabis brands in California and Nevada, is pleased to announce it has signed a binding Letter of Intent (“LOI”) with Heavenly Sweet (“Heavenly Sweet”), a leading C... Read More...
Icanic Brands Enters into Definitive Agreement to acquire THC Engineering

Icanic Brands Enters into Definitive Agreement to acquire THC Engineering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 15, 2021 -- 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 entered into a share exc... Read More...
Icanic Brands Announces Financial Results for Period Ended January 31, 2021: California Cannabis Operations Drive 65% Increase in Revenue From Last Year

Icanic Brands Announces Financial Results for Period Ended January 31, 2021: California Cannabis Operations Drive 65% Increase in Revenue From Last Year

Revenue of CAD$2.8 million – an increase of 65% from CAD$1.7 million for the same time last yearGross margin increases to 41% vs 16% last year same timeAdjusted EBITDA of CAD$92,481Financial results are not inclusive of the current in-progress move to the Concord, CA facility, which is more than double the size, as well as the 2nd automat... Read More...
Icanic Brands Receives Over $1,000,000 Cash Injection via Exercise of Warrants

Icanic Brands Receives Over $1,000,000 Cash Injection via Exercise of Warrants

VANCOUVER, British Columbia, March 15, 2021 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operator of premium Cannabis brands in California and Nevada, is pleased to announce the Company has thus far received $1,083,773 from the exercise of warrants during Q1-2021.In addit... Read More...
Icanic Brands Expands California Brand Portfolio with Acquisition of De Krown Enterprises LLC

Icanic Brands Expands California Brand Portfolio with Acquisition of De Krown Enterprises LLC

Icanic Brands has signed a binding LOI to acquire 100% of De Krown Enterprises LLCDe Krown Enterprises LLC generated $324,000 USD in revenue last quarter with 54% gross marginsDe Krown has an existing capacity to manufacture 118,000 pre-rolls per day over 2 shiftsVANCOUVER, British Columbia, Feb. 09, 2021 -- Icanic Brands Company, Inc. (C... Read More...
Icanic Brands Announces Financial Results Period Ended October 31, 2020; 45% Growth in Revenue & Record Gross Margin of 45.7% & Adjusted EBITDA of $167,637

Icanic Brands Announces Financial Results Period Ended October 31, 2020; 45% Growth in Revenue & Record Gross Margin of 45.7% & Adjusted EBITDA of $167,637

Revenue of $2.65 million, up 45% from the previous year quarter ended October 31, 2019;Record quarterly Gross Margin of 45.7%Strong Positive Adjusted of $167,637 for the quarterVANCOUVER, British Columbia, Jan. 05, 2021 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), a multi-state brand operato... Read More...
Icanic Brands Announces Financial Results for Fiscal 2020: California Cannabis Operations Drive 7200% Increase in Revenue From Last Year; Achieves Positive Adjusted EBITDA of $564,293

Icanic Brands Announces Financial Results for Fiscal 2020: California Cannabis Operations Drive 7200% Increase in Revenue From Last Year; Achieves Positive Adjusted EBITDA of $564,293

Revenue of CAD$7.9 million – an increase of 7200% from CAD$108,346 for the same time last year;Moved from manually pre-rolling to fully automated process which resulted in improved margins mainly reflected in calendar 2020 resulting in blended margins of 23% for the fiscal year end.  Pre-roll brands saw robust demand throughout the pandem... Read More...
Icanic Brands Congratulates States on Successfully Passing Cannabis Legalization Measures

Icanic Brands Congratulates States on Successfully Passing Cannabis Legalization Measures

VANCOUVER, British Columbia, Nov. 09, 2020 -- 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 join cannabis advocates in congratulating voters in Arizona, Montana, New Jersey and South Dakota, which in last week’s elections passe... Read More...
Icanic Brands Company, Inc. Announces New and Expanded California Manufacturing Facility

Icanic Brands Company, Inc. Announces New and Expanded California Manufacturing Facility

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Icanic Brands Closes Final Tranche of $2M Private Placement

Icanic Brands Closes Final Tranche of $2M Private Placement

VANCOUVER, British Columbia, Aug. 13, 2020 -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announced that it has closed a second and final tranche of its previously announced non-brokered private placement (the “Offering”).In the final, second tranche of the Offering, the Company i... Read More...
Icanic Brands Closes $1M First Tranche of Private Placement

Icanic Brands Closes $1M First Tranche of Private Placement

VANCOUVER, British Columbia, July 22, 2020 -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announce a first tranche closing of its non-brokered private placement announced on June 11, 2020 (the “Offering”).Pursuant to the first tranche, the company issued 4,290,000 units at a price... Read More...
Icanic Brands Posts Financial Results; Reports Profitable Quarter

Icanic Brands Posts Financial Results; Reports Profitable Quarter

Vancouver, BRITISH COLUMBIA, June 30, 2020 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announce the Company released its financial and operational results for the nine months ended April 30, 2020. These filings are available for review on the Company’s SEDAR profile at www.sed... Read More...
Icanic Brands Announces $2,000,000 Non-Brokered Private Placement

Icanic Brands Announces $2,000,000 Non-Brokered Private Placement

VANCOUVER, British Columbia, June 11, 2020 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announce a non-brokered placement of up to 8,000,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of up to $2,000,000 (the “Offering”). Each Unit will consist of one c... Read More...
Icanic Brands Announces Correction

Icanic Brands Announces Correction

VANCOUVER, British Columbia, June 08, 2020 -- Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), announces a correction to its news release disseminated today.The Company announces that, together with certain shareholders of the Company, it has entered into a voluntary pooling agreement. The voluntary... Read More...
Icanic Brands Shareholders Agree to Voluntary Lockup of 69 Million Shares Until December 31, 2021

Icanic Brands Shareholders Agree to Voluntary Lockup of 69 Million Shares Until December 31, 2021

The Restricted Shares Leaves X Basic Free-trading / Unrestricted Shares OutstandingVANCOUVER, British Columbia, June 08, 2020 -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announce it, together with certain shareholders of the Company have entered into a voluntary pooling agreem... Read More...
Icanic Brands Provides Operational Update

Icanic Brands Provides Operational Update

Highlights12% Revenue increase in MarchGanja Gold product revenue up 44%New SKUs to be launched in next 30 days VANCOUVER, British Columbia, April 16, 2020 -- 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 provide the following u... Read More...