VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) ("LEEF" or the "Company"), a leading vertical cannabis operator, is pleased to announce a US$7.0 million financing related to the sale of a 60% interest of its wholly owned cultivation and real estate assets in Santa Barbara, California, as further described below (the “Transaction”). This milestone Transaction comes... Read More

Q1 2023 Revenue of $9.7M, up 114% from Q4 2022 Q1 2023 Adjusted EBITDA of $726K, up 175% from Q4 2022 Positive cashflow from operations VANCOUVER, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) -- LEEF Brands, Inc . (CSE: LEEF, OTC: LEEEF) ("LEEF" or the "Company"), a leading cannabis brand operator, announced today the... Read More

VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), a leading California based extraction and manufacturing cannabis company, announces the resignation of Brandon Kou from the board of directors of the Company, effective March 3rd, 2023. “On behalf of the entire LEEF Brands team, I want to express my sincere gratitude to Brandon for his... Read More

VANCOUVER, British Columbia, Jan. 25, 2023 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), a leading California based extraction and manufacturing cannabis company, is pleased to announce that it has entered into an exclusive sales and licensing agreement with the Buddies Brand (“Buddies”) in California. Buddies is a multi-state operator that currently ranks as a top ten brand in... Read More

VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTCQB: ICNAF) (“ LEEF Brands ” or the “ Company ”), a multi-state brand operator of premium cannabis brands in California, is pleased to announce that it has completed the acquisition of The Leaf at 73740 LLC (“ The Leaf ”) in an all-stock transaction as at January 11, 2023. The transaction was previously announced on September 19,... Read More

VANCOUVER, British Columbia, Dec. 05, 2022 (GLOBE NEWSWIRE) -- 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 Inc. (“Leef”). In connection with the name change, the Company’s common... Read More

VANCOUVER, British Columbia, Nov. 30, 2022 (GLOBE NEWSWIRE) -- 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 30 th , 2022. All currency references used herein are in United States dollars unless otherwise noted. Financial... Read More

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 convicted of “simple possession of marijuana”, a step in the direction of fulfilling his campaign pledge to erase prior federal... Read More

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 at 73740 LLC (“ The Leaf ”), a premium California retailer located at 73740 El Paseo in Palm Desert, California (the “ Proposed... Read More

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 “ Restructuring Support Agreement ”), dated June 8, 2022 between the Company, and certain holders of the 9% secured convertible debentures... Read More

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 six months ended June 30 th , 2022. All currency references used herein are in United States dollars unless otherwise noted. Micah Anderson, CEO of Icanic, said, “The past few months have been the beginning... Read More

Legacy Cannabis Operator to Lead Premier Cannabis Company 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 renowned cannabis expert who founded and is the CEO of LEEF Holdings Inc.... Read More

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 renowned cannabis expert who founded and is the CEO of LEEF Holdings Inc. (“LEEF”), which was acquired by Icanic on April 21, 2022. In... Read More

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 approved by secured debentureholders on August 8, 2022 (the “ Plan of Arrangement ”) to effect the Company’s previously announced... Read More

Icanic Brands Company Inc. (“Icanic” or the “Company”) (CSE: ICAN)(OTCQB: ICNAF), a multi-state brand operator of premium cannabis brands in California, announces that, at the meeting of Secured Debentureholders held on August 8, 2022, the Secured Debentureholders voted overwhelmingly in support of the previously announced recapitalization transaction (the “ Recapitalization Transaction ”) to be implemented by way of a... Read More

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 Debentureholders ”) of 9.00% secured convertible debentures (the “ 2019 Debentures ”), to consider and vote upon a plan of... Read More

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 changed its year-end from July 31 to December 31. For the transition year, the Company will provide audited financial statements for the 17-month period from August 1, 2021 to December 31, 2022. The reason for the change of... Read More

Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“ Icanic Brands ” or the “ Company ”), a brand operator of premium cannabis brands in California including Real Deal Resin, Ganja Gold, Taylors, Heady, Paleo Paw and LEEF is pleased to announce today that it has entered into a Restructuring Support Agreement (the “Restructuring Support Agreement”) (as described below) with certain holders of its 2019 Secured Convertible... Read More

Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“ Icanic Brands ” or the “ Company ”), a brand operator of premium cannabis brands in California including Real Deal Resin, Ganja Gold, Taylors, Heady, Paleo Paw and LEEF, is pleased to provide the following corporate update and revenue forecast for the three-month period ending July 31, 2022 and for the fiscal year ending July 31, 2023. These financial results reflect... Read More

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 California cultivator and manufacturer (the “ Proposed Acquisition ”). About Lifted Lifted is a vertically integrated... Read More

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, further to its news release on January 25, 2022, the Company has acquired all of the common stock (the “ Leef Shares ”) of LEEF Holdings, Inc. (“ LEEF ”), a California based extractions company pursuant to the terms of a merger... Read More

Financial Highlights Year Ended July 31 st , 2021, and Quarters ended October 31 st , 2021, and January 31 st , 2022: Delivered gross revenue of $2.44 million with gross margin of 48.1% and Adjusted EBITDA of $112,726 for Quarter ending January 31 st , 2022 Delivered gross revenue of $2.62 million with gross margin of 43.8% and Adjusted EBITDA of $144,357.60 for Quarter ending October 31 st , 2021 Delivered record gross... Read More

Icanic Brands Company Inc. (“Icanic” or the “Company”) (TSXV: ICAN) is announcing today that it has been issued a Cease Trade Order (“CTO”) by the British Columbia Securities Commission under National Policy 11-207. On November 30, 2021, the Company announced that, for reasons disclosed below, there would be a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal... Read More

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. (“ LEEF ”), a California based extractions company (the “ Acquisition ”). LEEF is one of the largest cannabis extraction... Read More

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 12-203"). On November 30, 2021, the Company announced that, for reasons disclosed in the news release, there would be a delay in the... Read More

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 finalized by November 29, 2021, being the date that such filings are due under applicable Canadian securities law requirements. The... Read More

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 provide an update on the LEEF Holdings, Inc. acquisition. The Company previously announced the LOI agreement on August 31 st , 2021 in an all-stock transaction. The Company and LEEF Holdings, Inc. have been working diligently to provide... Read More

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 will present at the LD Micro Event on October 13 th , 2021. Icanic Brands CEO, Brandon Kou, will share an update on the Company and an overview of recent acquisitions including details on the recently signed... Read More

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 California cannabis brand. About Substance Substance, a premium California cannabis brand committed to propelling racial... Read More

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 sold its interest in a Sacramento, CA Cultivation facility (the “ Sale ”) to Crowco Management LLC (“ Crowco ”), a California based limited liability Company, for USD $2,000,000. The Company held management... Read More

Highlights Icanic Brands will acquire 100% of LEEF Holdings in an all-stock transaction Closing Purchase Price implies an approximate 2.0x LEEF estimated 2022 revenue multiple and 6.5x LEEF estimated 2022 EBITDA multiple LEEF 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... Read More

Financial Highlights Period Ended April 30 th , 2021: Record Q3 2021 revenue of $3.236 million, an increase of 88.4% YoY and 11.7% quarter over quarter Record Q3 2021 gross profit of $1.556 million, an increase of 100.2% YoY and 30.6% quarter over quarter Record 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 2021... Read More

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 Krown is led by a team of successful and tenured executives from the California... Read More

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 exchange agreement dated June 1, 2021 (the “ Definitive Agreement ”) among the Company, De Krown Enterprises LLC (“ De Krown ”), and the unitholders of De Krown (the “ Unitholders ”), pursuant to which the Company will... Read More

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, further to its news releases dated December 9, 2020 and April 15, 2021, it has completed the acquisition (the “ Acquisition ”) of THC Engineering, LLC (“ THC Engineering ”) and THC Engineering Holdings, LLC (“ THC Holdings ”, and collectively with THC... Read More

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 California edibles company to partner with in the Nevada market. This partnership will bring the Heavenly Sweet's products to the... Read More

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 exchange agreement dated April 7, 2021 (the “ Definitive Agreement ”) among the Company, THC Engineering, LLC (“ THC Engineering ”), THC Engineering Holdings, LLC (“ THC Holdings ”, and collectively with THC Engineering, “... Read More

Revenue of CAD$2.8 million – an increase of 65% from CAD$1.7 million for the same time last year Gross margin increases to 41% vs 16% last year same time Adjusted EBITDA of CAD$92,481 Financial 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 2 nd automated pre-roll machine which is expected to arrive in 2021 Calendar Q2. Icanic Brands... Read More

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 addition to the Company being cash flow positive, the receipt of over $1,000,000 from the exercise of warrants helps strengthen the... Read More

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 effective March 1 st , 2021, Mr. Mark Smith has been appointed as the Company’s Executive Chairman. Mr. Smith brings a wealth of expertise to this role, having founded, built and transacted over $200,000,000 USD in US... Read More

Icanic Brands has signed a binding LOI to acquire 100% of De Krown Enterprises LLC De Krown Enterprises LLC generated $324,000 USD in revenue last quarter with 54% gross margins De Krown has an existing capacity to manufacture 118,000 pre-rolls per day over 2 shifts Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (“ Icanic Brands ” or the “ Company ”), a multi-state brand operator of premium Cannabis brands in... Read More